Norges Bank

PhD Scholarship programme

Norges Bank Academic Programme (NBAP) offers a PhD Scholarship Programme in Macroeconomics and Financial Economics for prospective students at top-ranked international PhD programmes.

Purpose of the scholarship programme

The aim of the PhD Scholarship programme is to promote the study of macroeconomics and financial economics at top ranked PhD programs in economics and finance outside Norway.

The NBAP PhD Scholarship Programme provides financial support to incoming full-time PhD students in financial economics or economics specializing in macroeconomics at international top-ranked academic institutions.

The scholarship

The scholarship is 200,000 NOK per academic year. The scholarship is awarded annually with a possibility of renewal for the period of the PhD programme at the host institution but limited to five academic years in total.

Principles for the PhD Scholarship Programme (pdf)

Application form to PhD Scholarship programme (pdf)

Application deadline is 15 April every year. 

Send application to Norges Bank

Edited 5 December 2022 11:00

PhD Scholarships awarded


  • Tor Fredrik Grøndahl (New York University, Economics)
  • Dagmar Virginia Nerheim Hopfenbeck (University of Oxford, Economics)
  • Sondre Joakim Engebrethsen (University of California San Diego, Economics)


  • Per Bjarne Bye (Tilburg University, Finance)
  • Arnstein Vestre (University of Chicago, Economics)
Edited 5 December 2022 11:00