What Do RAs Do

While at CAF, the selected candidates receive training in finance and econometrics, develop a solid grounding in theoretical and applied finance, and work on various research projects. The training and skills gained enable the candidates to contribute to high-quality finance research projects, usually in association with faculty. They also prepare them for admission to doctoral (or equivalent) programmes at premier business schools in the world, leading eventually to a career in finance research at a top-tier business school or a research organisation. Also, during this period, they are extensively involved in organising the conference, workshops and speaker sessions, which provides them a holistic learning opportunity. Further, they are involved in research database preparation.

Admission to top-tier PhD programs in Finance is intensely competitive with a large and diverse applicant pool applying for very few seats (1-2% acceptance rate at each top school) The CAF experience allows our researchers to build their research credential, ultimately differentiating them from other applicants.


  • Outstanding academic records, especially at Bachelor’s and Master’s levels
  • MPhil/Master’s in Finance, Statistics, Engineering, Economics, or Business from a top institute is preferred
  • Familiarity with econometric methods will be an advantage.
  • Proficiency in programming languages like C, C++, Java is desirable
  • ​Proficiency in the use of computing packages such as SAS, STATA,Matlab etc. is desirable
  • A strong interest in finance.

Financial Support

The financial support provided by the CAF is as per the international standards. In India, it is among the highest paid Research Associate program.

How to Apply

Your application should include:

A CV which includes the following:

  • Academic performance and grades in all degree programmes. Mention any awards/honours, etc.
  • Details of any finance courses taken. Include a short course description with institution information.
  • Evidence of proficiency in programming languages and statistical packages, if any
  • Work experience, if any.
  • Important extra-curricular activities
  • Your contact information, including your cell phone number (if any) and your email address.
  • Two references, including one from your most recent degree programme.

A short statement outlining your motivation in applying to CAF as well as your future career goals
To apply, please send your CV and covering letter to CAF@isb.edu.