Admission criteria Both general and PEF-specific admission criteria apply for admission to the Ph.D. programme in Economics and Finance. General admission criteria Please refer to the general admission criteria for Ph.D. studies at the University of St.Gallen. Specific admission criteria for the PEF degree As a graduate of the following St.Gallen Master's programme you can be admitted to the PEF Ph.D. programme with a specialisation Finance or Econometrics without supplementary work: • Quantitative Finance and Economics (MiQE/F) Entry Knowledge The PEF courses build on prior knowledge in core areas, which is generally attained by a competitive Master's education programme in economics and finance. Applicants therefore need to prove entry level knowledge in the main fields, as relevant to their desired specialisation. • Specialisation in Economics: Advanced Microeconomics I and III, Advanced Macroeconomics I and III, Econometrics II • Specialisation in Econometrics: Econometrics II, either Advanced Microeconomics I and III + Advanced Macroeconomics I and III or Theory of Finance + Advanced Mathematics and Statistics • Specialisation in Finance: Econometrics II, Theory of Finance, Advanced Mathematics and Statistics Evidence of proficiency in English When you apply, you must prove that your proficiency in the English language, used as the language of instruction, is at level C1 (CEFR). The University of St.Gallen accepts the following as supporting documents for admission to this Ph.D. programme: • English as native tongue (= language of instruction at primary and secondary school) • Recognised Bachelor's or Master's degree completed in its entirety in English • Linguistic proficiency in English at level C1 (CEFR) gained at the University of St.Gallen • recognised language diploma at level C1 (CEFR), such as the IELTS Academic Score 7.0, Cambridge Advanced Certificate • TOEFL Internet-based Test (iBT) with at least 100 points. You need to state the University of St. Gallen's institution code when taking the test: 7202. GRE or GMAT score An application can only be made with the following minimum score: GMAT 680 points (total score), GRE revised 160 points (quantitative reasoning). Test results may not be older than 5 years and must be provided to us directly by GMAC or ETS before the closing date for applications. It is important to state the Institution Code of the University of St. Gallen. Should you have failed to do so, then instruct GMAC or ETS to provide us with your test results in a timely manner. (institution code GMAT 5RK-QG-07, GRE 7202) The Programme Committee may exempt applicants holding a Master's Degree from the University of St.Gallen from having to present test results. Letter of motivation Please include a statement about your motivation for applying and specify your desired specialisation as part of the PEF. Letter of reference References from professors of other universities or from your supervisor at the HSG. Additional documents • A research outline with remarks on your research interests • Crediting Master's level courses: a list of up to two advanced Master's (or equivalent) courses and supply relevant information Application You may start the programme either in the spring or the autumn semester. The application is made online: Autumn semester: 1 February - 30 April (*- 15 August) Spring semester: 1 September – 30 November (* - 15 January) *A longer registration period for assistants and applicants with an HSG Master's degree. If you have already finished a degree programme at HSG, please apply using the rematriculation form. The Programme Committee will decide on admissions to the programme. Admission is confirmed in writing by the Dean of Studies.Admission Requirements. You may find more information on the Quicklinks Admission.