21st Century Finance

Develop a deeper understanding of financial models and theoretical tools as you broaden your expertise in relevant topics such as investor led investments, mergers and acquisitions, and managing and mitigating financial crises within a global environment. This specialization is ideal for those who want to pursue original research and advanced knowledge in areas such as corporate finance and financial management as well as consider the importance of ethics and corporate social responsibility.

Specialization Learning Outcomes

In addition to the core program learning outcomes, graduates in this specialization will be prepared to:

  1. Evaluate organizational decisions using financial theory and decision-making tools.
  2. Analyze the impact of theoretical models on issues and problems in 21st-century finance.
  3. Demonstrate the skills necessary to make strategic business decisions using a logical framework.
  4. Evaluate ethical and legal issues within the financial industry.

Minimum Completion Requirements

  • Core courses (20 cr.)
  • Foundation research course sequence (15 cr.)
  • Advanced research course sequence (5 cr.)
  • Specialization courses (15 cr.)
  • Completion of Doctoral Capstone
    • Dissertation Preparation courses (9 cr.)
    • Dissertation writing course (5 credits per quarter for a minimum of 4 quarters until completion)
  • 4 PhD residencies to equal a minimum of 16 days

Walden students have up to 8 years to complete their doctoral program unless they petition for an extension.

In general, students are continuously registered in the dissertation/doctoral study course until they complete their capstone project and it is approved. This may take longer than the recommended course sequence below.

To complete a doctoral dissertation, students must obtain the academic approval of several independent evaluators including their committee, the University Research Reviewer, and the Institutional Review Board; pass the Form and Style Review; gain approval at the oral defense stage; and gain final approval by the Chief Academic Officer. Students must also publish their dissertation on ProQuest before their degree is conferred. Learn more about the dissertation process in the Dissertation Guidebook.

This sequence represents the minimum time to completion. For a personalized estimate of the number of your transfer credits that Walden would accept, call an enrollment advisor at 855-646-5286.

Recommended Course Sequence

Quarter Course Code Course Credits
Quarter 1 Course Code MGMT 4990M Course Business Essentials Credits (0 cr.)
Quarter 1 Course Code MGMT 8003M Course Gateway to Doctoral Management Studies Credits (5 cr.)
Quarter - Course Code Residency 1 Course Complete Residency 1 face-to-face as soon as you begin your program; no later than within 90 days of completing MGMT 8003M. Credits
Quarter 2 Course Code MGMT 8005M Course Organizational Perspectives and Implications for Leaders Credits (5 cr.)
Quarter 2 Course Code MGMT 8007M Course Complexity and Systems Thinking Dynamics Credits (5 cr.)
Quarter 3 Course Code MGMT 8009M Course Organizational Decision Making and Judgment Credits (5 cr.)
Quarter 3 Course Code RSCH 8110 Course Research Theory, Design, and Methods Credits (5 cr.)
Quarter 4 Course Code MGMT 8605M Course Financial Risk Management and Decision Making for Organizations Credits (5 cr.)
Quarter 4 Course Code MGMT 8615M Course Financial Corporate Social Responsibility and Ethics Credits (5 cr.)
Quarter 5 Course Code MGMT 8625M Course Leadership Through Changing Financial Organizational Structures Credits (5 cr.)
Quarter - Course Code Residency 2 Course Complete Residency 2 as face-to-face or virtual at the beginning of your second year, around the time of second research course (RSCH 8310). Credits
Quarter 5 Course Code RSCH 8310 Course Qualitative Reasoning and Analysis Credits (5 cr.)
Quarter 6 Course Code MGMT 8900M Course Prospectus Development and Alignment Credits (3 cr.)
Quarter 6 Course Code MGMT 8910M Course Dissertation Development Process Credits (3 cr.)
Quarter - Course Code Residency 3 Course Complete Residency 3 face-to-face once you have a prospectus in Walden’s review system. Credits (0 cr.)
Quarter 7 Course Code RSCH 8210 Course Quantitative Reasoning and Analysis Credits (5 cr.)
Quarter 7 Course Code MGMT 8920M Course Developing the Content Literature Review and Research Method and Design Credits (3 cr.)
Quarter 8 Course Code RSCH 8260
or
RSCH 8360
or
RSCH 8460
Course Advanced Quantitative Reasoning and Analysis

Advanced Qualitative Reasoning and Analysis

Advanced Mixed-Methods Reasoning and Analysis
Credits (5 cr.)

(5 cr.)

(5 cr.)
Quarter 8 Course Code MGMT 9000M Course Doctoral Dissertation Credits (5 credits per quarter for a minimum of 4 quarters until completion)
Quarter - Course Code Residency 4 Course Complete Residency 4 when you are in the development stage of your proposal. Credits
Quarter 9+ Course Code MGMT 9000M Course Doctoral Dissertation Credits (5 credits per quarter for a minimum of 4 quarters until completion)
Quarter - Course Code Optional Dissertation Support Course Optional: Complete a PhD Dissertation Intensive retreat (DRWI 8500) face-to-face during MGMT 9000. Contact Academic Advising to register. Credits (0 cr.)

*Students take this course for a minimum of 4 quarters and are continuously enrolled until completion of their dissertation with final chief academic officer (CAO) approval.

To complete a doctoral dissertation, students must obtain the academic approval of several independent evaluators including their committee, the University Research Reviewer, and the Institutional Review Board; pass the Form and Style Review; gain approval at the oral defense stage; and gain final approval by the chief academic officer. Students must also publish their dissertation on ProQuest before their degree is conferred. Learn more about the dissertation process in the Dissertation Guidebook.

Doctoral Writing Assessment

Course Code Course Credits
Course Code DRWA 8000 Course Doctoral Writing Assessment Credits (0 cr.)
Note: Time to completion and cost are not estimates of individual experience and will vary based on individual factors applicable to the student. Factors may be programmatic or academic, such as tuition and fee increases; transfer credits accepted by Walden; program or specialization changes; unsuccessful course completion; credit load per term; part-time vs. full-time enrollment; writing, research, and editing skills; use of external data for the doctoral study/dissertation; and individual progress in the program. Other factors may include personal issues such as the student’s employment obligations, caregiving responsibilities, health issues, leaves of absence, or other personal circumstances.
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Questions about our PhD in Management program?
Questions about our PhD in Management program?
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