PhD or Doctor of Philosophy is a postgraduate degree awarded by universities that usually lasts from three up to five years. Graduates with a Doctorate of philosophy 's degree are automatically awarded the academic title of doctor. PHD programs can focus on philosophy but also theology, law, medicine and liberal arts as well. Boys and girls interested in a career as teacher or lecturer tipically decide to start these paths since professors are increasingly being required to have a PhD.
Master programs and postgraduate courses in finance for graduates with bachelor's or master's degree. They are specialization programs for boys and girls future professionals in the field of investment, credit, high finance, stock and bond markets that need economic and financial knowledge but also risk attitudine and ability to manage stress. Men and women who obtain a master's degree in finance can then start a career as economists, experts in administration, budget, finance and management control rather than tax lawyers or financial advisors.