PhD (Finance) (R-DL/520/8/0015) (MQA/FA0375) (08/21)

The Doctor of Philosophy in Finance programme (by research) offers multidisciplinary courses in Finance, Banking & Insurance (FBI) with a focus on Asian-centricity.  The main aim of the PhD (Finance, Banking & Insurance) (FBI) by Research programme offered at Asia e University is to achieve research excellence by producing graduates who are able to demonstrate critical understanding of the most advanced knowledge in Finance, Banking & Insurance, which is at the frontier of a field of study or professional practice. 



  • The programme is approved by Malaysian Ministry of Higher Education and accredited by Malaysian Qualifications Agency.
  • No proposal is needed at point of entry
  • Transfer of candidature is possible
  • Supervised by local or international supervisor that is suitable for research area
  • Supported by research workshops, colloquia and clinics
  • Close monitoring by the School of Graduate Studies


Malaysian Students:

  • Possess a recognised Master's degree in the relevant field, OR
  • Other qualifications recognised by the AeU Senate

International Students:

For thesis written in English, there will be an English language competency requirement equivalent to:

  • International English Language Testing System (IELTS) 6.0 or
  • Test of  English  as a Foreign Language (TOEFL) 550 or
  • Cambridge English: Advanced (CAE) or
  • Cambridge English: Proficiency   (CPE) or
  • Cambridge First English (CFE) or
  • Pearson Test of English  (PTE) or
  • Malaysian University English Test (MUET)

Those who have their tertiary education in English shall normally be exempted from the requirement.

For both Malaysian and International Students:

  • A statement of research intent, describing what you have already done  and what you hope to accomplish in your doctoral research. This is your preliminary research intent or research proposal.
  • A curriculum vitae (CV)  or resume.



Modes of Study

Full Time
Part Time
Fully Online
Blended Learning

Online Learning

Duration 3-4 years
No. of Semesters 9 - 12 (1 semester is 4 mths)
Frequency of Research Workshops / Colloquia (Optional) Once a month – Saturday & Sunday
Supervisor Provided by AeU
Audit Subjects (Optional)
  • Research Methodology
  • Quantitative Analysis
  • Qualitative Research
MQA Accreditation FA 0375
Programme Code (R-DL/520/8/0015) (MQA/FA0375) (08/21)
EPF Claimable YES


  • Synthesise knowledge and contribute to original research that broadens the frontier of knowledge in the field of Finance, Banking & Insurance
  • Appraise problems in the Finance, Banking & Insurance field critically, conduct advanced research independently, and adhere to legal, ethical and professional codes of practice 
  • Adapt practical skills leading to innovative ideas in the field of Finance, Banking & Insurance
  • Provide expert advice and display leadership qualities to society in the field of Finance, Banking & Insurance



Stage 1 Proposal Development
Stage 2 Data Collection
Stage 3 Report Writing
Stage 4 Thesis Examination/Viva Voce

Required Skills for PhD Students by Research

Be independent: This is a learner-centred Master’s programme that requires students to conduct their research independently, with approved supervisory assistance as needed and in compliance with university’s stipulated guidelines to complete all required phases/stages.

Be tenacious: This research based thesis may takes up to 3 years, but students must be committed to complete the programme within stipulated time if without penalty.

Be effective in time management: Students need to prioritise and manage tasks effectively to ensure completion of one task before moving on to the next. Goal-focus and consistency are essential to achieving commitment-success.

Adapt to challenges: Invariably, students may face obstacles and challenges in completing their research, but they must be flexible and resolute to overcome difficulties immediately.

Communicate effectively: To earn recognition as a serious master student and a researcher, students must be confident in delivering the Research Proposal Defense, Viva Voce and completed thesis on time and effectively.


  • Bank Teller Programme
  • Banking & Finance
  • Business Finance
  • Finance Theory
  • Finance, Banking & Insurance
  • Islamic Finance, Banking & Insurance
  • Financial Management
  • Insurance
  • Investment Analysis
  • Investments & Securities
  • Pension Insurance
  • Social Insurance
  • Stock-broking

Audit Subjects

  • Research Methodology
  • Quantitative Data Analysis
  • Qualitative Data Analysis


For Malaysian and International students:

  • 10% discount on tuition fee available through student loyalty scheme

For Malaysian students only:

  • 50% discount on tuition fee for senior citizens who are 55 years of age & above
  • 75% discount on tuition fee for the disabled
  • EPF withdrawal assistance
  • RM6,000 personal incaome tax relief

*Terms and conditions apply


Last updated: 27/08/2018