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Doctoral Program in Decision, Risk and Financial Sciences

PhD / Doctoral.
The University of Melbourne

37

in world overall ranking*

1

in local overall ranking*
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About the course

The Doctoral Program in Decision, Risk and Financial Sciences provides research training in conceptual principles and research techniques drawn from the social, biological and mathematical sciences to study decision-making and problem-solving under risk and complexity at individual and market levels. The program combines experimental methods with interdisciplinary supervision and facilities across business and economics, medicine and health, neuroscience, and engineering. It is structured as a two-year Master of Commerce (coursework) component followed by a three-year PhD, with opportunities for lab rotations and industry/government collaboration.

What you might learn

Students develop advanced capability to design and conduct innovative experimental and interdisciplinary research into decision-making, risk and financial sciences. The program aims to build strong conceptual foundations and rigorous research skills, enabling candidates to address complex research questions using methods spanning multiple disciplines. It also prepares students to engage with real-world problems through collaboration with labs, industry and public-sector partners.

Career outcome

Graduates are prepared for research-focused careers where advanced experimental and analytical skills in decision-making, risk and finance are valued. Potential pathways include academic careers in finance, behavioural economics and decision science, as well as research roles in government, central banks, and policy settings. Graduates may also pursue quantitative and behavioural research positions in industry such as finance, consulting, technology, and data-driven decision and risk analytics.


Average Salary***


Salary Chart
*Source: QS World University Subjects Rankings (2026)
**Source: numbeo.com
***Source: PayScale.com (2026)

Costs

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Information

tick icon Duration

5 years

tick icon Upcoming Intakes

July

campus icon Campuses

Parkville

hotline icon Hotline

+61 3 9663 5333

email icon Email

australia@augstudy.com

Scholarships

tick iconMELBOURNE INTERNATIONAL UNDERGRADUATE SCHOLARSHIP

Up to A$56,000

tick iconMELBOURNE GRADUATE SCHOLARSHIP

Up to 100% of tuition fees

tick iconINTERNATIONAL GRADUATE MERIT SCHOLARSHIPS

Up to 50% of tuition fees

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