Ph.D. Fellowship Programme

About the Programme

The Research Department at the HKMA invites applications from students who are currently enrolled in a Ph.D. programme in economics, finance or related fields. The Ph.D. Fellowship programme is intended for students with a strong research interest in macroeconomic analysis, monetary policy transmission, financial market or financial stability issues.

Duties

Ph.D. fellows will be integrated into the intellectual life of the Research Department and will be expected to:
- Conduct independent research: advance their dissertation research with the aim of producing a high-quality working paper
- Deliver a research seminar: present their research to department staff toward the end of the fellowship programme
- Contribute to departmental work: participate in research discussions, contribute to assigned projects

Requirements

Ph.D. candidates in economics, finance or related fields. The candidates should have completed field exams and are in the dissertation stage of their Ph.D., preferably in their final year
Excellent quantitative skills with experience in conducting research in relevant fields
Good interpersonal skills and interest in conducting policy-relevant research
Good command of both written and spoken English and Chinese

Terms and Conditions

Successful candidates will be invited to work at the HKMA Research Department for a period ranging from three to six months.
The HKMA provides a monthly stipend and medical insurance coverage during the Fellowship Programme.
Fellows are responsible for accommodation, travel and relocation expenses on their own.

How to Apply

There will be two application periods each year, March and September. Applicants may submit their application here.
Please submit your CV, 1-2 letters of recommendation from academic advisor(s) and a research proposal that is no more than 5 pages together with your application.

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Last revision date : 13 January 2026