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Graduate School of Business University of Zurich PhD programs in Business Administration and Management & Economics Rules & Regulations*. 1. Admission to the PhD Programs in Business Studies and Management & Economics at the University of Zurich... 2 2. General Grading Rules... 2 3. Program Overview... 2 4. Fast Track Master Level Phase of Track C... 6 5. Doctoral, Research Proposal and Doctoral (Track B and C)... 7 6. Financial Support... 8 7. Doctoral Thesis and Thesis Defence... 8 Contact: Graduate School of Business University of Zurich Plattenstrasse 14 CH-8032 Zurich Switzerland Internet: E-Mail: gsb-recognition@irc.uzh.ch *The following explanations are a short summary of the official Promotionsverordnung and the Doktoratsordnung which may be downloaded from the GSB home page. In any case the Promotionsverordnung and Doktoratsordnung are legally binding

Graduate School of Business University of Zurich Rules & Regulations, p. 2 1. Admission to the PhD Programs in Business Studies and Management & Economics at the University of Zurich All applications are reviewed by the Admission Committee, composed of professors from the University of Zurich. The selection among all candidates is based on the submitted application documents. 2. General Grading Rules 1. Grades are based on the Zurich University scale: Grade Interpretation Doctoral Grade 5.5 thru 6.0 excellent summa cum laude 5.0 thru less than 5.5 very good magna cum laude 4.5 thru less than 5.0 good cum laude 4.0 thru less than 4.5 satisfactory rite less than 4.0 fail 2. This grading scheme will be adopted for Master (Only Track C) all Doctoral, Doctoral and Seminars Research Proposal (= Master Thesis for Track C) Doctoral Thesis Thesis Defence 3. Candidates who failed to pass a module may take one retest. Passed modules may not be retested. Students must not exceed the following number of failed exams: Number of failed attempts Business Studies (BS) Management & Economics (ME) Track C (master level) 6 6 Core and Doctoral 1 per modul 1 per modul Research Proposal 1 1 Doctoral Thesis 1 1 Thesis Defence 1 1 4. The final grade of the doctoral degree will be a weighted average based on grades obtained for the thesis defence (weight 1) and the written doctoral thesis (weight 3). Students academic title will be Dr. oec. in German or PhD in English. 3. Program Overview The next two pages provide a quick program overview.

Graduate School of Business University of Zurich Rules & Regulations, p. 3 semester 5 th + Track B Business Studies Defend Dissertation Continue Writing your Dissertation Deadline for Core 3 rd / 4 th Start Writing your Dissertation Find your doctoral thesis supervisor 2 nd 1 st Business Administration for Research Students: Empirical Methods, Part I & II (9 P) Business Administration for Research Students: Theory, Part I & II (9 P) Research Proposal (15 P) (21P) ca. 7 courses

semester Graduate School of Business University of Zurich Rules & Regulations, p. 4 Track B Management & Economics 5 th + Defend Dissertation Continue Writing your Dissertation Deadline for Core 3 rd / 4 th Start Writing your Dissertation Find your doctoral thesis supervisor 2 nd 1 st Econometrics for Research Students Part I & II (9 P) Microeconomics for Research Students Part I & II (9 P) Research Proposal (15 P) (21P) ca. 7 courses

Graduate School of Business University of Zurich Rules & Regulations, p. 5 semester Track C Defend Dissertation 7 th + Continue Writing your Dissertation Deadline for Core 5 th / 6 th Start Writing your Dissertation Find your doctoral thesis supervisor 4 th Business Administration for Research Students: Empirical Methods I & II (9 P) (9 P) Econometrics for Research Students, Part I & II (9 P) (9 P) Finish MSc in Business Administration or Management & Economics Research Proposal = Master Thesis (30 P) Business Administration for Research Students: 3 rd Theory, Part I & II (9 P) (9 P) Microeconomics for Research Students, Part I & II (9 P) (9 P) Start PhD 2 nd 1 st Required Electives (24 P) Empirical Methods (6 P) Required Electives (24 P) Microeconomics for Business Administration (6 P) Business Administration Required Electives (9 P) Empirical Methods (6 P) Microeconomics I (6 P) Personnel Economics (6 P) Corporate Finance I (3 P) Required Electives (9 P) Microeconomic Theory of the Enterprise (6 P) Innovation Economics (6 P) Organizational Economics (6 P) Accounting & Economics (3 P) Management & Economics

Graduate School of Business University of Zurich Rules & Regulations, p. 6 4. Fast Track Master Level Phase of Track C For successful completion of the Fast Track students are required to complete 60 credit points in master courses and write their master thesis (30 credit points) which also serves as a research proposal for their dissertation. To acquire the 60 credit points in master courses students have to attend core courses and required electives according to the following table: Credit points required Track C (fast track) BS ME Master level core courses 12 42 Required Electives 48 18 Total Credit Points Master Level 60 60 Number of Failed Attempts 6 6 Master level core courses are: Credit Points required in core courses Track C (fast track) BS ME Master level (core courses) Empirical Methods 6 6 Microeconomics 6 Microeconomics for Bus. 6 Administration Corporate Finance I 3 Personnel economics 6 Microeconomic Theory of the enterprise 6 Innovation Economics 6 Organizational Economics 6 Accounting & Economics 3 Total core courses 12 42 Students may select required electives as follows: Business Studies (48 credit points in required electives) 30 credit points in Business Studies 1-6 18 credit points in Business Studies 1-6, Economics 1-3, Banking & Finance or Management & Economics Management & Economics (18 credit points in required electives) 18 credit points in Business Studies 1-6, Economics 1-3, Banking & Finance or Management & Economics List of valid electives: For a full list see http://www.oec.uzh.ch/academicprograms/master/wirtschaft/so_ma_oec_v1.2_2007-12-05.pdf, appendix A1.2

Graduate School of Business University of Zurich Rules & Regulations, p. 7 5. Doctoral, Research Proposal and Doctoral (Track B and C) Course requirements: Track B (structured) Track C (fast track) BS ME BS ME Preceding master courses 60 60 Doctoral Core courses 18 18 18 18 Research Proposal 15 15 30 30 Doctoral Required electives 18 18 18 18 Total Credit Points PhD 51 51 126 126 Doctoral courses Core courses are: Track B (structured) Track C (fast track) BS ME BS ME Doctoral Microeconomics for Research Students Part I 4.5 4.5 Microeconomics for Research Students Part II 4.5 4.5 Econometrics for Research Students Part I 4.5 4.5 Econometrics for Research Students Part II 4.5 4.5 Business Studies for Research Students: Theory, Part I 4.5 4.5 Business Studies for Research Students: Theory, Part II 4.5 4.5 Business Studies for Research Students: Empirical Methods, Part I 4.5 4.5 Business Studies for Research Students: Empirical Methods, Part II 4.5 4.5 Research Proposal 15 15 30 30 Credir Points Doctoral 33 33 48 48 Research Proposal A Research Paper has to be submitted to the doctoral program coordinator before the end of the first phase in order to get admission to the doctoral thesis phase. Each student will be asked to present the proposal (15 minutes). The submitted proposal has to be pre-approved by a core faculty member who agrees to supervise the dissertation. Proposals without a pre-approval are rejected if they are not permitted in advance by the Ph.D. program director. The proposal should: 1. make clear which research question the student would like to work on, 2. indicate the relevance of this research for the respective research field and 3. include a brief overview of topic, a brief literature review (references), the student s own contribution, motivation for it time schedule and a title page containing the name of the supervisor and signature.

Graduate School of Business University of Zurich Rules & Regulations, p. 8 Doctoral doctoral courses are lectures, internal and in rare cases external seminars which have to be approved by the doctoral committee in advance. 6. Financial Support Please refer to the GSB home page at http:///financing.html. 7. Doctoral Thesis and Thesis Defence Doctoral Thesis In order to begin with their thesis students need to: successfully complete all core courses, which includes the research proposal and find a doctoral supervisorr (referee) The doctoral thesis can be either a monograph or a collection of published or publishable papers plus a background paper which summarizes the results and contributions of the individual papers (cumulative doctoral thesis) Doctoral students who present a cumulative doctoral thesis may work with co-authors. However, either the referee or the co-referee mustn t be co-author in any of the submitted papers. The referees will finish their report within three months. The grade for the written thesis is the average grade given by the two referees. Thesis Defence The defence, where the referee and co-referee are present, is public and consists of two parts: presentation of the thesis (about 30 min) discussion on thesis subject (about 30 min)