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Cambridge Endowment for Research in Finance (CERF)


For the sixth year, Cambridge Endowment for Research in Finance is offering a scholarship scheme. Applications are invited for doctoral funding starting in October 2020. Funding is for up to 3 years and includes university and college fees and an allowance for accommodation and living expenses.

CERF PhD Scholarship competition 2020

The scheme is open to PhD students within the University of Cambridge, from any department, who do research into all aspects of finance, financial institutions, and financial markets, and their relationship with the performance of the economy.

Incoming doctoral students or students who are in the first year of their PhD can apply for funding. Funding is for a 3 year period (funding cannot be awarded retrospectively for the time already spent in the PhD programme).

Applicants for a CERF scholarship have to be nominated by their PhD supervisor. A CERF Scholarship Application form must be received by CERF along with the nomination letter/email by 9 February 2020 (if you require the form in an alternative format or a hard copy, please contact ).

Copies of the applicants' PhD application documents (including official transcripts and references) are required. Please ask your Department/Faculty administrator to forward a copy of your PhD application to by 16 February 2020.

Reference letters must be sent to  by 16 February 2020. The applications will be considered by a selection committee.

Applicants will be informed about the outcome by the end of February 2020. Appointments are based on academic merit and the candidate’s research proposal. The selection committee reserves the right not to award any scholarships if applications do not meet the required standard or criteria.

The recipient of a CERF scholarship will be expected to report on his/her research progress and actively to engage with CERF by attending relevant seminars, and by giving the occasional research presentation. The CERF scholar may also be required to provide occasional assistance, including providing support during events organized by CERF. The CERF scholar may be given office space in the CERF premises (subject to availability), and he/she will be given the opportunity to interact with other researchers linked to CERF.

Any queries regarding the CERF doctoral scholarship scheme should be addressed to

Application form