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Summer School in Finance

The Summer School in Finance will take place from August 21 until August 25, 2023 and is organized by the Engelbert Dockner Foundation in cooperation with WU. A group of graduate students, with a strong background in financial economics will attend this intensive short program and work together on the topic of endowment management and long term investing.
Thanks to the generous funding from the Engelbert Dockner Foundation, there is no tuition fee.

Academic Program

The academic program will be taught by instructor Prof. Russ Wermers, Paul J. Cinquegrana '63 Endowed Chair in Finance and Director of the Center for Financial Policy at the Smith School of Business, University of Maryland. The program is about endowment management and long term investing and is designed for graduate students interested in the field. Good quantitative skills and/or practical experience would be helpful.

lecturesdaily 9 a.m. to 1 p.m. plus afternoon activities
credits5 ECTS
class size~ 20 students


  • Risk and reward in investment management; the efficient market hypothesis and its challengers; the CAPM, the FF and Carhart models

  • Canonical approaches to measuring asset manager skills

  • Using portfolio holdings to measure investment style, concentration, and performance

  • Stock-market anomalies, and how "quants" exploit them


Applicants should send their resume, a short statement of purpose along with a copy of their undergraduate certificate and their current enrollment. Selection will be based on academic qualification and class diversity. Applications are open between February 15 - March 31, 2023. Please use the application form below (will be active starting February 15, 14:00).


Who can attend this summer school?

I am not a WU student - can I apply for this program?

Do you offer any funding for housing/traveling?

I am not sure if I have sufficient quantitative skills - can you take a look at my documents before I apply?

How many credits does this summer program have?

When does the summer program take place?

I won't be in Vienna during this period - is it possible to attend the summer program online?

How many students can participate, in total?

I am interested - how can I apply?

Which documents do I need to submit for my application?

When does the application deadline end?

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