Financial Management

Doctor of Philosophy in Business Administration

In this specialization, you will explore research and development analyses used to manage and allocate financial resources and develop effective strategic planning for projection and ROI issues. You will also develop advanced finance skills, including financial statement analysis, advanced financial business decision models, investment selection techniques and how financial institutions generate earnings and manage risks. As a graduate, you will have the knowledge and skills needed to work in an educational environment at the university level or pursue a variety of research or practitioner-oriented positions in statistics, investment banking, financial analysis and financial planning.

General Degree Requirements

Admission to a doctoral program at NCU requires a master's degree from an accredited institution.

The PhD program may be completed in 60 credits. Up to an additional 15 credit hours will be allowed as needed to complete dissertation research. The University may accept a maximum of 12 semester credit hours in transfer toward the doctoral degree for graduate coursework completed at an accredited college or university with a grade of "B" or better.

Completion Period for Doctoral Degrees

Northcentral University allows 7 years to complete all doctoral programs of 60 credits or less. Normal time to complete varies depending upon course take rate and credits transferred.

Foundational Competencies for DBA Programs

  • Graduate-Level Research Methods Competency - PhD students are required to complete BTM8102, BTM8103, BTM8104, BTM8106, BTM8107, BTM8108 and BTM8109 at Northcentral.
  • Graduate-Level Statistics Competency - PhD students are required to complete BTM8107 Statistics II at Northcentral.
  • Computer Competency - Doctoral students are required to have computer skills necessary for completing a dissertation. Students must be able to prepare documents using advanced word processing skills (e.g., creation of tables and figures, headers and footers, page breaks, tables of contents, hanging indents). Students must use computer programs for the statistical analysis of data (e.g., SAS). Students must produce a computer-based presentation (e.g., PowerPoint) for their dissertation oral defense.

Course Length

All new students enrolling in the Business PhD program are automatically enrolled in courses that are eight weeks in length. All eight-week courses are indicated by a "-8" (dash eight) at the end of the course code.

Evaluation Track

Student transcripts will be evaluated to determine whether or not direct entry requirements are met. Individuals who do not meet the direct entry requirements of the Doctor of Philosophy in Business Administration program may require additional Standard Curriculum credits. The Evaluation Track courses can be viewed by clicking here.

The PhD in Business requires five specialization and six research courses, a total of 33 credit hours. Following completion of Foundational courses, Specialization, and Research courses must be taken in sequence as described.

Course Code

Name

Course Description

Specialization Course 1

BTM7303

Research Methodology

This course focuses on the scholarly review of literature and academic writing. The course emphasis is on how to (a) conduct effective literature searches, specifically in preparation for the dissertation, (b) develop a plan for writing comprehensive, critical, and synthesized reviews of research literature, and (c) critically review and write about underlying theory/conceptual frameworks that lay the foundation for future research. The overarching goal of this course is for students to conduct an exhaustive search of the peer-reviewed research literature in their topic area and identify potential areas of inquiry for their dissertation.

Specialization Course 2

BTM8103, BTM8103-8

Research Design

In this course, the Student acquires the basic skills necessary for the interpretation and application of quantitative, qualitative, and mixed methods research. The student will examine the formal research process carefully, with an emphasis on practical applications and skill development. Critical concepts and principles intrinsic to research paradigms, study designs, and methods of inquiry are presented to empower the student's ability to formulate and respond to research questions. The resources listed below from the Northcentral University Dissertation Center are critical resources throughout the whole research process - students are highly encouraged to become deeply familiar with the resources from the Northcentral University Dissertation Center.

Specialization Course 3

BTM8108, BTM8108-8

Qualitative Research Design

This course is an examination of qualitative methods for studying human behavior including grounded theory, narrative analysis, ethnography, mixed methods, and case studies.

Specialization Course 4

BTM8107, BTM8107-8

Statistics II

This course is an advanced examination of statistical analyses commonly used for research in business. It prepares the doctoral student with the skills required to plan, conduct (using SPSS), report, and interpret quantitative statistical analyses. Topics include: basic statistical knowledge, probability theory, exploratory date analysis, assumptions for statistical tests, parametric and nonparametric tests. Specific analyses include: correlation, regression (simple, multiple, and logistic), basic ANOVA and advanced ANOVA techniques.

Specialization Course 5

BTM8106, BTM8106-8

Quantitative Research Design

Prerequisites: BTM8102, BTM8104 This course provides students with the skills essential for designing experimental, quasi-experiment, and survey studies; analyzing the data collected in these studies, and interpreting the results of data analyses. Students will explore designs and statistical techniques to use with their envisioned dissertation research.

BTM8109, BTM8109-8

Planning Dissertation Research in Business

Students in this course will begin the process of writing a dissertation for a research or professional doctorate. The course will address the University dissertation process and aids to successfully complete a dissertation, including self-care and time management.

Required Foundation Courses - 12 credit hours

Course Code

Name

Course Description

BTM7101, BTM7101-8

Foundations for Doctoral Study In Business

This course is an orientation to Northcentral University and to the essential skills needed to pursue a doctoral degree in Business. Doctoral level skills, such as academic integrity, time management, effective use of the Northcentral Library, comprehending complex scholarly texts and research articles, and APA form and style in professional communication are also introduced. Students will complete the course with a better understanding of personal goals, strengths, and challenges, and a roadmap to navigate their way to completion of their educational aspirations.

BTM7300

Scholarly Literature Review

This course focuses on the scholarly review of literature and academic writing. The course emphasis is on how to (a) conduct effective literature searches, specifically in preparation for the dissertation, (b) develop a plan for writing comprehensive, critical, and synthesized reviews of research literature, and (c) critically review and write about underlying theory/conceptual frameworks that lay the foundation for future research. The overarching goal of this course is for students to conduct an exhaustive search of the peer-reviewed research literature in their topic area and identify potential areas of inquiry for their dissertation.

BTM8104, BTM8104-8

Statistics I

This course provides an introductory exploration of statistics for the doctoral student. It includes instruction on the calculation, use, and interpretation of descriptive statistics, and introduces inferential statistical analysis. The emphasis of this course is on providing a working knowledge of basic statistical concepts to help the Student understand statistical methodology used in education, and also more generally, developing a working knowledge of statistical usage in everyday life.

MGT7019, MGT7019-8

Ethics in Business

No longer are ethics and social responsibility, including the green movement, something organizations can ignore or do if they have funding left over at the end of the year. Ethics are required by local, state and federal legislation and today, more than ever, stakeholders at organizations are being held accountable for their actions and societal harm. Doctoral students in this course, through a series of essays and papers, will learn about current laws and their application to business; and how to maintain an ethical perspective within the context of a global framework.

Specialization Courses - 15 credit hours, Select 5 from the following:

Course Code

Name

Course Description

FIN7012-8

Advanced Corporate Finance

This course examines advanced components of corporate finance with an emphasis on theories that shape the decision-making process. Through the analysis of various concepts, the student will gain an understanding how corporate decision makers, use financial reports, manage investments based on supply and demand, and build relations with external stakeholders. This course will help the student relate to the decisions made by the principal, owners, and corporate managers to reduce risks and debt and increase return on investments.

FIN7013-8

Investment Portfolio Analysis

This course examines the advanced components of investments with an emphasis on financial markets and pricing models. This course will help students gain financial knowledge that can be used to make sound investment decisions. Shareholders, stakeholders, financial manager, and investors will be able to further identify key sources of funding to grow their business or gain a greater return on investments.

FIN7014-8

Managing Financial Institutions

This course examines the most important advanced components of financial institutions with an emphasis on topics more closely related to academic research. The course includes an examination of advanced content as well as relevant academic papers. The student is required to develop some in-depth papers on the primary academic topics within financial institutions. Moreover, the student will be reviewing and assessing relevant academic papers to better prepare the student to potentially write papers within this area of finance. The course begins with an analysis of the financial system and financial institutions. It continues with an examination of financial statements for financial institutions. It provides a careful examination of interest rate risk and credit risk. Next the course studies derivative securities for financial institutions. The course finishes with a thorough examination of an academic paper and then the development of a presentation on financial institutions.

FIN7015-8

Advanced Financial Statement Analysis

This course examines the most important advanced components of financial statement analysis with an emphasis on topics more closely related to academic research. The course includes an examination of advanced content as well as relevant academic papers. The student is required to develop some in-depth papers on the primary academic topics within financial statement analysis. Moreover, the student will be reviewing and assessing relevant academic papers to better prepare the student to potentially write papers within this area of finance. The course begins with an analysis of the balance sheet and income statement. It continues with an examination of financial ratios. It provides a careful examination common size statements. Next the course studies the decomposition analysis and the impacts of financial leverage. The course finishes with a thorough examination of an academic paper and then the development of a presentation on financial statement analysis.

FIN7016-8

Financial Management for International Business

This Doctoral level course examines advanced components of international finance with an emphasis on topics more closely related to academic research. The course includes an examination of advanced content as well as relevant academic papers. The student is required to develop in-depth papers on the primary academic topics within international finance. Moreover, the student will be reviewing and assessing relevant academic papers to better prepare the student to compose potentially publishable papers within this area of finance. The course begins with an analysis of the global financial environment. It continues with an examination of the foreign exchange market and an examination of the issues involved with managing foreign exchange risk. Students will then explore global financing and investment decisions. The course finishes with a thorough examination of an academic paper and the development of a presentation on international finance.

FIN7018-8

Accounting and Control for Nonprofit Organizations

This doctoral level course is important for the advanced financial and accounting professional to better understand the planning and control systems within nonprofit organizations. This course provides a complete review of the accounting principles and practices used in Not-for-Profit organizations with a heavy focus on governmental accounting practices. The course materials on accounting principles and practices can be applied to the culture of hospitals, colleges and universities, health and welfare agencies, and other similar organizations. The course includes issues related to decision ethics and planning and budgeting for these types of organizations. The course assessments include cases, problem solving, and written research narratives.

Doctoral Comprehensive Exam - 3 credit hours

Course Code

Name

Course Description

CMP9500B

Doctoral Comprehensive Examination - Business (PhD)

In their pursuit of any doctoral degree (PhD, DBA, or EdD) at Northcentral University, students gain expertise in their academic discipline and in one or more specializations that complement their academic discipline. The Doctoral Comprehensive Examination is intended to assure that students have mastered knowledge of their discipline before candidacy status is achieved and research in support of their dissertation is initiated. The Doctoral Comprehensive Examination is taken following the completion of all content and Research courses. This course is graded using Satisfactory (S), In Progress (IP), and Unsatisfactory (U) grading criteria. The Doctoral Comprehensive Examination must be successfully completed with an (S) grade prior to beginning any Dissertation Research course. The exam is twelve weeks.

Dissertation Courses - 12 credit hours

Course Code

Name

Course Description

DIS9501B

Doctoral Dissertation Research I

In this course sequence, students work progressively on completing each doctoral dissertation milestone toward the completion of the PhD degree. These milestones include Committee and University approval of a dissertation concept paper, a dissertation proposal paper, an approved IRB application by the Northcentral University Institutional Review Board, the collection and analysis of research data, the preparation and approval of the final dissertation manuscript, and the successful completion of the oral defense. Courses are taken continually and sequentially until all dissertation milestones have been completed. Throughout these courses, students often work independently but are required to be in communication with the Chair of their Dissertation Committee at least once a month. These courses are graded utilizing Satisfactory (S) and Unsatisfactory (U) as the grading criteria.

DIS9502B

Doctoral Dissertation Research II

In this course sequence, students work progressively on completing each doctoral dissertation milestone toward the completion of the PhD degree. These milestones include Committee and University approval of a dissertation concept paper, a dissertation proposal paper, an approved IRB application by the Northcentral University Institutional Review Board, the collection and analysis of research data, the preparation and approval of the final dissertation manuscript, and the successful completion of the oral defense. Courses are taken continually and sequentially until all dissertation milestones have been completed. Throughout these courses, students often work independently but are required to be in communication with the Chair of their Dissertation Committee at least once a month. These courses are graded utilizing Satisfactory (S) and Unsatisfactory (U) as the grading criteria.

DIS9503B

Doctoral Dissertation Research III

In this course sequence, students work progressively on completing each doctoral dissertation milestone toward the completion of the PhD degree. These milestones include Committee and University approval of a dissertation concept paper, a dissertation proposal paper, an approved IRB application by the Northcentral University Institutional Review Board, the collection and analysis of research data, the preparation and approval of the final dissertation manuscript, and the successful completion of the oral defense. Courses are taken continually and sequentially until all dissertation milestones have been completed. Throughout these courses, students often work independently but are required to be in communication with the Chair of their Dissertation Committee at least once a month. These courses are graded utilizing Satisfactory (S) and Unsatisfactory (U) as the grading criteria.

DIS9504B

Doctoral Dissertation Research IV

In this course sequence, students work progressively on completing each doctoral dissertation milestone toward the completion of the PhD degree. These milestones include Committee and University approval of a dissertation concept paper, a dissertation proposal paper, an approved IRB application by the Northcentral University Institutional Review Board, the collection and analysis of research data, the preparation and approval of the final dissertation manuscript, and the successful completion of the oral defense. Courses are taken continually and sequentially until all dissertation milestones have been completed. Throughout these courses, students often work independently but are required to be in communication with the Chair of their Dissertation Committee at least once a month. These courses are graded utilizing Satisfactory (S) and Unsatisfactory (U) as the grading criteria.

At Northcentral University, we pride ourselves in being completely transparent when it comes to tuition and fees. If a cost is not included in our Cost Per Course Tuition Rate, we let you know up front. Currently, the only additional cost above your program rate* is books. Learn more about the NCU’s PhD in Business Administration costs below:

  • Per credit cost: $986
  • Per 3 credit course cost: $2,958
  • Program cost: $59,160
  • Average book cost per course: $110
  • Application Fee: $0
  • Learning Management Fee (one-time per program): $250
  • Registration Fee: $0

Click here to learn more about payment and financing options.

*Program rates are subject to change and generally increase at the start of each calendar year.

Total program costs reflected are calculated based on standard degree program credits exclusive of the program’s potential evaluation track. The actual cost of a program is determined based upon the program and track the student enters, transfer credits if any, and other unique student factors. For more information: please contact Admissions or refer to the catalog.

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