The PhD in Business Administration in Bilkent University aims to strengthen students’ theoretical foundations in the area of specialization:

  • Finance
  • Operations Management
  • Marketing

Each specialized area has tailored coursework to meet its objectives and interests. The area of studies provides new and different perspectives that will enrich your knowledge and hands-on applications. The rigorous curriculums and a master’s thesis train students to tackle some of the most complex problems facing the contemporary business world.

The PhD program in Business Administration is a   year, residential program taught in English. FBA does not offer distance learning, or allow part-time studies.

Our PhD students are trained as future colleagues and academics. The doctoral program fosters close interaction between students and faculty, and every doctoral student belongs to a research group specializing in a particular field of research. Our faculty members are active in the area of Business Administration and excellent teachers who keep up-to-date in their disciplines through research and publication.

Starting from the first year, you will be working on your thesis which is equivalent to … ECTS. In this process, you will be supervised by one SSE faculty member (primary supervisor) from the very beginning. After you have submitted a dissertation proposal in the second year, you will work with a supervision committee of 3-4 professors to complete your PhD dissertation. The program ends with a thesis defense.



The graduates of our MS in Finance program will have an intermediary level understanding of financial theory, application and quantitative research tools that will enable them either to continue onto the PhD program of their choice or to work for the financial industry as researchers, consultants or regulators. Our MS program is recognized as the program partner of the Chartered Financial Analyst (CFA) Institute. This partnership allows our students to prepare themselves for the CFA exams and place them with an advantageous position when seeking to enter into the finance industry.

The graduates of the PhD program are expected to conduct original research that contributes to the theory and application of financial economics and to pursue academic careers in prestigious universities. To achieve this objective, students are equipped with a rigorous training in research methods and financial theory.

The finance faculty conducts empirical and theoretical research in specialized fields of asset pricing, corporate finance, mergers and acquisitions, financial intermediation, real estate finance, derivatives markets, financial risk management, market efficiency and market microstructure. Research support includes excellent computing facilities and library, as well as access to financial databases such as DataStream, The Center for Research in Security Prices (CRSP), Euromonitor International’s Global Market Information Database (GMID), Global Development Finance (GDF), ISI Emerging Markets, International Financial Statistics, World Development Indicators (World Bank).
Program Structure…

Research Faculty: Levent Akdeniz, Kürşat Aydoğan, Efe Çötelioğlu, Tolga Demir, Zeynep Önder, Süheyla Özyıldırım, Ahmet Şensoy, A. Başak Tanyeri.



The objective of our marketing graduate programs is to train intellectually curious individuals in the craft of marketing scholarship. We seek to produce graduates who have the ability and motivation to conduct important, meaningful and impactful research and take positions in leading universities in Turkey and abroad. The program off ers students a broad background in social sciences and in-depth specialization in a particular area of marketing, such as consumer culture theory, consumer decision making, marketing strategy or social marketing.

Our Marketing Ph.D. program integrates a solid analytical training with a scholarly theoretical emphasis. The program is based on four pillars: strong analytics, strong theory, sound research skills, and international experience. International experience entails activities such as a semester or a year abroad and international seminars or conferences at Bilkent and elsewhere and helps future academics get acquainted with the global nature of scholarship and research.

Marketing MS program is also research-focused and aims to equip students with an in-depth knowledge of marketing theory and research for their future careers. Upon completion of the program individuals can continue their education in a marketing Ph.D. program or seek marketing-related positions in companies.
Program Structure…

Research Faculty: Ahmet Ekici, Güliz Ger.



Operations Management is concerned with gaining knowledge, skills, and expertise needed to manage and advance the efficiency and productivity of business operations. Operations Management studies emphasize the development of models, methods, applications, and algorithms as they apply to problems in production and services. Management of resources, the distribution of goods and services to customers, and the analysis of queuing and inventory systems are also within the scope of Operations Management. The research interests of the Operations Management faculty follow up-to-date business practices and needs, with emphasis on revenue management, perishable and recyclable inventory control, health care management, supply chain contracts, production and customer order scheduling, and coordination issues in inventory management, supply chain scheduling, and new product development.
Program Structure…

Research Faculty: Emre Berk, Erdal Erel, Yasemin Limon, Dilek Önkal, Nazlı Sönmez, Fehmi Tanrısever, Bo Wei.


Furkan Adem Güven

Bilkent University is one of the best universities to start an academic career in marketing because it has a research-oriented master's program in marketing and promising faculty members who are distinguished and research-active scholars in their fields. During the program, the faculty offers various graduate courses regarding our area of specialization and encourages us to take courses from other departments and universities to widen our knowledge and gain new perspectives. Thanks to my coursework and participation in seminars and workshops, I developed my research and critical thinking skills. I also would like to highlight that everyone in the faculty, from administrative staff to faculty members, is kind and helpful if you need any help or assistance."

Furkan Adem Güven, M.S. 2022 (Marketing)

Nabiya Bano Gulzar

Bilkent University is equipped with brilliant and experienced faculty, especially in department of business administration. This was my biggest motivation to study here. I have been under the tutelage of outstanding professors and a very supportive academic advisor who instills in me the zeal to learn and courage to work harder with purpose. My experience and learning process here has been quite rich and I believe this exposure has empowered me with the knowledge and skills vital to succeed both academically and grow as a person. Water scarcity is a global phenomenon. My research is a case study directed towards assessing sustainable solutions proposed for water crisis in underprivileged communities of India.

Nabiya Bano Gulzar, M.S. Student (Marketing)

Soo Youn Kim

My desire to become an expert in the field of finance motivated me to pursue higher education in FBA. Before starting the program, I was aware of the challenges ahead of me, especially since I was coming from a different academic background. However, thanks to the supportive professors who encouraged asking questions and made time for office hours, our approachable staff who were always willing to help, and bright classmates who shared insightful ideas beyond the classrooms, I was able to acquire substantial knowledge and skills by the end of my first semester. Furthermore, by attending weekly seminars with speakers from prestigious universities around the world, I was able to gain insight into some of the latest research topics in the business world. Having experienced significant personal improvement so far, I look forward to learning and growing alongside our FBA community in the upcoming years.

Soo Youn Kim, M.S. Student (Finance)

Canan Keleş

Bilkent University Faculty of Business Marketing Graduate Program has given me a stimulating and encouraging learning environment. I have the chance to learn from many world-renowned researchers and professors. I enjoy the diverse environment here and have the opportunity to collaborate with friends with different research interests. The many learning opportunities between professors and students in dynamic and friendly surroundings help us move forward. Bilkent provides me the chance to enrich my academic background with the world's leading scholars.

Canan Keleş, M.S. Student (Marketing)

Hafize Çelik

Bilkent University has a great MSc programme in Marketing where you can explore your intellectual potential with diverse courses, experienced faculty and multiple seminars. As my academic interests matched with these offerings, I preferred to start my academic journey at the Faculty of Business Administration in Bilkent University. I enjoyed every minute of experience in Bilkent as I could grow my capabilities and enrich my perspectives here. All the professors and staff have been supportive and kind through each step of development, whether it be intellectual challenges or daily life obstacles. Also, the courses were demanding but I felt that my capabilities and skills enhanced to a great extent at the end of each semester. I am thankful to the community here as they provide me opportunities to grow. Bilkent University Faculty of Business Administration will always be a home for me."

Hafize Çelik, M.S. 2022 (Marketing)

Orcun Turan

As a former Bilkenter, I felt as if I was going back home when I started my master’s program. I was supported by the faculty, staff, and fellow students who enriched my time at Bilkent and offered a set of diverse perspectives during the program. Thanks to Bilkent’s exchange partnerships, I was able to go abroad for a semester in Copenhagen, Denmark, and engage with the academic community there. Moreover, there are seminars and talks given by academics from various institutions in which the community remains up to date and scrutinizes each other's work for higher quality research. My professional goal of pursuing a PhD degree abroad was mainly achieved due to these connections I made during my study, as well as the continuous support I received from great professors who equipped me with theoretical knowledge and intellectual skills that I would need.

Orcun Turan, M.S., 2021 (Marketing)

Melisa Özdamar

Bilkent Business Administration provides a sophisticated knowledge and a high quality of teaching. In the PhD program, I believe I obtained a solid theoretical education, which is intensified by the endless support and encouragement for gaining experience in the empirical world of finance. Well qualified faculty members and always helpful and supportive administrative staff certainly ease the challenging structure of doctorate education. Although we were inclined to focus on the graduation date and achieving the degree at once, we discovered that the journey was just as fulfilling. Bilkent embraces each student with compassion, challenges and helps becoming more independent individuals, who believe in themselves and their success, while getting prepared for the business world.

Melisa Özdamar ,Ph.D., 2022 (Finance)

Muhammad Sabeeh Iqbal

I received my Ph.D. degree in December 2020. Thanks to my advisors and awesome learning environment, my research on “institutional herding behavior” got recognized at top forums and Bilkent University awarded me the excellence in research award. Moreover, the faculty and administration are very supportive. Ph.D. in Bilkent University has proven to be the best decision of my academic career. A comprehensive list of courses, teaching and research assistantship, teaching opportunities, research seminars, conference fundings and the conducive research environment prepared me for an excellent career ahead. I also had the honor to meet and learn from the professors having authority in the field regularly invited by Bilkent University. Thanks to Bilkent, I am currently serving as assistant professor of Finance at Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), which ranks among the top universities of Pakistan. Finally, the cherry on top is that I could also enjoy the best of both academic and social life. The facilities like accommodation, sports, healthcare, and advisory for my family and me made my journey marvelous. Bilkent is a beautiful university in a beautiful country with beautiful people.  ”

Muhammad Sabeeh Iqbal, Ph.D.2020, (Finance)
Assistant Professor / SZABIST

Tuba Pelin Sümer

Working in the finance sector with an industrial engineering background, I thought that following a PhD degree in finance would contribute to my career and applied to Bilkent University. PhD education enabled me to learn both finance concepts and how to conduct academic studies from a high quality faculty. I believe that having a SSCI paper in the end due to the publication requirement of the program contributes both for students aiming to follow academic career and for the ones who work in academic institutions as Central Bank. The supportive manner of the faculty to present studies in international conferences is invaluable as well.

Tuba Pelin Sümer, Ph.D.,2019 (Finance)
Economist / TCMB

Müge Demir

As a professional working in a foreign country, I observe that the PhD program of Bilkent University Faculty of Business Administration is well-known in the world because of its international and multidisciplinary curriculum and the faculty as well as its academic success. With its academic reputation and challenging training, the program has been the proof of my success in the professional environment. Besides, for those who would like to follow an academic career, I strongly recommend PhD program of Bilkent FBA, as the requirement of having a publication in a reputable journal in order to graduate helps the students to find world-wide academic jobs in leading universities after graduation.

Müge Demir, Ph.D., 2019 (Finance)

Murat Tiniç

Bilkent FBA provides an excellent environment for doctoral students. The Ph.D. program in finance, which offers a variety of theoretical and applied classes in financial economics from internationally renowned faculty members, provides a solid background in fundamental concepts in the field. In terms of research, students can obtain constant feedback on their work, not just from their advisors but from all faculty members. During my doctoral studies at FBA, I was also able to actively participate in several research projects with different faculty members and build up my research portfolio for the job market. In addition to the professional relationships, I was able to grow both as a scientist and an individual with the personal relationships I formed during my doctoral studies. As a proud alumnus of Bilkent FBA, I feel like I am still part of a larger group of individuals that are motivated to support me at all times.

Murat Tiniç, Ph.D., 2019 (Finance)
Assistant Professor / Kadir Has University

Esra Öz

Attending a Ph.D. at Bilkent has been a lifetime experience. Here is a place to thrive and excel in the field you are passionate about. Bilkent University Faculty of Business Administration is strongly balanced to point you in the right direction while giving you the right amount of autonomy. The faculty gives the perfect setting for critical thinking and academic creativity. Learning how to access the network of resources first and then how to produce science and information at the cutting edge becomes easy with the faculty here. Bilkent FBA is distinctive in preparing the Ph.D. graduate in academic development, intellectual growth, developing critical consciousness for today’s business world. All these things in one bundle, you are ready to achieve a wide spectrum of impact. If you dream yourself above and beyond the point where you are, apply to the program. Following my graduation, I was not surprised to draw the highest accolades in a series of events at Harvard Business School in front of my cohorts from only top schools all over the world.

Esra Öz,Ph.D., 2017 (Decision Science and Operations Management)

M. Sinan Gonul

If I only had one sentence to describe Bilkent Faculty of Business Administration PhD programs that would be “a world-class PhD education in Turkey”. I am sure many of you who want to pursue a PhD degree are facing the same dilemma I had back then:  “Can I remain in Turkey, but at the same time receive a high quality PhD education certified in international standards?” With Bilkent Faculty of Business Administration PhD programs, the answer is a definite yes! Not only you will be getting the rudimentary PhD-level courses arranged in a flexible fashion according to your area of planned dissertation, but also you will be working with faculty members who are very keen and active in research. In this way, you will have no difficulty in having a high quality publication of your own before you even graduate. What an invaluable jumpstart to your academic career!

M. Sinan Gonul, Ph.D.,2007 (Decision Science and Operations Management)
Associate Professor (Reader) and Director of Education Marketing, Operations & Systems / Newcastle Business School,Northumbria University, UK