phd finance scholarship

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The field of finance covers the economics of claims on resources. Financial economists study the valuation of these claims, the markets in which they are traded, and their use by individuals, corporations, and the society at large.

At Stanford GSB, finance faculty and doctoral students study a wide spectrum of financial topics, including the pricing and valuation of assets, the behavior of financial markets, and the structure and financial decision-making of firms and financial intermediaries.

Investigation of issues arising in these areas is pursued both through the development of theoretical models and through the empirical testing of those models. The PhD Program is designed to give students a good understanding of the methods used in theoretical modeling and empirical testing.

Preparation and Qualifications

All students are required to have, or to obtain during their first year, mathematical skills at the level of one year of calculus and one course each in linear algebra and matrix theory, theory of probability, and statistical inference.

Students are expected to have familiarity with programming and data analysis using tools and software such as MATLAB, Stata, R, Python, or Julia, or to correct any deficiencies before enrolling at Stanford.

The PhD program in finance involves a great deal of very hard work, and there is keen competition for admission. For both these reasons, the faculty is selective in offering admission. Prospective applicants must have an aptitude for quantitative work and be at ease in handling formal models. A strong background in economics and college-level mathematics is desirable.

It is particularly important to realize that a PhD in finance is not a higher-level MBA, but an advanced, academically oriented degree in financial economics, with a reflective and analytical, rather than operational, viewpoint.

Faculty in Finance

Anat r. admati, juliane begenau, jonathan b. berk, greg buchak, antonio coppola, peter m. demarzo, darrell duffie, steven grenadier, benjamin hébert, arvind krishnamurthy, hanno lustig, matteo maggiori, paul pfleiderer, joshua d. rauh, claudia robles-garcia, ilya a. strebulaev, vikrant vig, jeffrey zwiebel, emeriti faculty, robert l. joss, george g.c. parker, myron s. scholes, william f. sharpe, kenneth j. singleton, james c. van horne, recent publications in finance, behavioral responses to state income taxation of high earners: evidence from california, beyond the balance sheet model of banking: implications for bank regulation and monetary policy, fee variation in private equity, recent insights by stanford business, “geoeconomics” explains how countries flex their financial muscles, car loans are a hidden driver of the ride-sharing economy, public pensions are mixing risky investments with unrealistic predictions.

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PhD in Management

Financing - PhD in Management

Areas of specialisation.

• Accounting and Control
• Decision Sciences
• Entrepreneurship
• Organisational Behaviour
• Technology and Operations Management

INSEAD Doctoral Courses

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• View PhD Student Profiles

Financing Your PhD

Funding Opportunities for Your Doctoral Degree

2025 Intake

September 2024

The INSEAD Fellowship

Unlike most graduate degrees in business, the PhD Programme is intensive and rigorous. We offer one of the most generous doctoral funding to ensure all candidates do not have to worry about fees associated with pursuing a doctoral degree. 

All admitted students receive the INSEAD Fellowship for the first five years* (until the end of June of the fifth year) of full-time studies. The yearly funding includes a tuition fee waiver, a stipend, research and conference budget support, and health insurance coverage. Thus, they do not need to seek loans to pay tuition fees in France or Singapore or cover their living expenses, conference and research budget and health insurance coverage. This generous benefit is renewed annually contingent upon satisfactory progress in the programme and is given to all admitted students regardless of background, nationality or need. 

Why does the school offer generous funding for its PhD students? INSEAD invests in its PhD students' development and training to become successful management professors. Funding their studies is a significant investment on the part of the school, and it is made possible by a group of generous donors. With such comprehensive support, we expect our students to always focus on their research training and advancement. As such, we strongly discourage working part-time during the programme, which is counterproductive to their development. Furthermore, with the tuition fee waiver and financial support, INSEAD PhD candidates are free from the financial burdens many graduate students face while pursuing their studies.

On the other hand, visiting PhD students are not eligible for our funding and must pay for any courses attended and related expenses. 

*The funding will stop either at the end of June in the 5th year (by which time a candidate is expected to have secured an academic position) or as soon as a candidate begins working at a university, business school, or any other relevant institution while still completing their graduation requirements (if this occurs before the end of June in the 5th year). Annual support, i.e., tuition fee, stipend, research and conference budget, and health insurance coverage, regularly undergoes review. Newly admitted and current students must refer to the PhD guidelines or consult the PhD Programme Office for the latest updates.

Tuition Fee Waiver

Tuition fees are waived for the first five years* of the programme - coursework fees for the first two years and dissertation fees for the next three years. Students do not have to take out loans to finance their PhD studies. 

Annual Stipend, Conference and Research Support

PhD students receive substantial financial support (i.e., annual stipend, research and conference budget, and international health insurance coverage) in the first five years of doctoral studies.* There is no separate application to secure the funding. 

Therefore, upon admission, students will be automatically offered five-year funding* and need not worry about any costs associated with postgraduate studies. The programme renews the funding* yearly, contingent upon the candidate's satisfactory progress. 

The school provides this five-year scholarship* to all students, regardless of background, nationality, or need.

Research or teaching assistantships are not required in exchange for the scholarship, since assistantships are part of the curriculum and already included in the funding.

PhD Funding (for the first five years of PhD studies; funding ends at the end of June of the fifth year.*)

*The funding will stop either at the end of June in the 5th year (by which time a candidate is expected to have secured an academic position) or as soon as a candidate begins working at a university, business school, or any other relevant institution while still completing their graduation requirements (if this occurs before the end of June in the 5th year). Annual support, i.e., tuition fee, stipend, research and conference budget, and health insurance coverage, regularly undergoes review. Newly admitted and current students must refer to the PhD guidelines or consult the PhD Programme Office for the latest updates. Furthermore, upon request, PhD candidates are eligible for R&D funding for critical research projects like dissertations, publications, etc., subject to approval by relevant parties allocating the funds and the PhD Programme Office. 

Health Insurance Coverage

Students also receive comprehensive international health insurance coverage, which includes spouses and children. 

Once admitted to INSEAD, the programme will offer automatic annual funding,* regardless of background. Admitted students need not worry about the associated costs of pursuing doctoral studies. Kindly note that we renew the financing annually, contingent upon satisfactory progress in the programme. 

*The funding will end at the end of June of the 5th year or when a candidate starts an academic position at a university or business school, and the like, awaiting completion of the graduation requirements (if earlier than the end of June in the 5th year). Overall annual support, i.e., tuition fee, stipend, research and conference budget, and health insurance coverage, regularly undergoes review. Newly admitted and current students must refer to the PhD guidelines or consult the PhD Programme Office for the latest updates.

External Funding

Phd students are encouraged to seek external funding to increase overall financial benefit..

While INSEAD provides scholarships and stipends for those accepted to the programme, it is nonetheless always advisable to seek external funding for your studies to increase your overall financial benefit. 

For example, if you were to receive a full scholarship from a non-INSEAD source, you would be able to receive additional funding from INSEAD to supplement your overall award.  However, please note that having full funding from an external source does not increase your chances of admission.

Thus, we select applicants for admission based on perceived academic...

Thus, we select applicants for admission based on perceived academic potential and fit for the programme, not one’s ability to pay for the programme or receive supplemental funds. 

Upcoming Events

Doctoral Programme

PhD Information Session (AsiaCampus, Hybrid)

We invite prospects to attend the information session to learn more about INSEAD's premier doctoral programme in Europe and Singapore. 

PhD Alumni Reunion and Conference 2024 - Reunite. Reflect. Reinspire.

**Exclusive Event for PhD Alumni**

INSEAD PhD in Management Programme cordially invites PhD alumni to its 35th anniversary on Europe Campus. 

For over three decades, INSEAD's PhD Programme has remained at the forefront of management research, and with the continued support and commitment of our dedicated faculty members, we have trained over 270 doctoral students and have successfully placed our graduates in top academic positions worldwide.

The INSEAD community continues to recognise the PhD's significant and relevant contributions to academic research. As one of INSEAD's premier graduate programmes, the INSEAD PhD will continue to inspire future academics to 'transform business and change the world for the better'.

We want to thank everyone who has celebrated this significant milestone of the programme with us. Please revisit this page for the latest updates leading to the reunion date. 

Please save the date to your calendar.

PhD Webinar | Mon, 22 Apr 2024, 20:30 EDT

We invite prospective PhD students to our webinar series to learn more about the PhD Programme and prepare a competitive application for the 2925 intake.  

Interested parties can ask questions about the programme structure, format and resources available to doctoral students during their studies in Singapore and France. We will also discuss the admissions process for the 2025 intake.

Monday, 22 April 2024, 20:30 - 21:30 EDT (e.g., NY Time) [+1, 08:30 - 09:30 SGT]

Duration: 1 hour

Please register at https://inse.ad/phd-webinars-registration and use www.timeanddate.com/worldclock/converter.html for the time conversion.

Any Questions?

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Learn More About INSEAD PhD and Find out How You Can Finance Your Doctoral Degree

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About / Departments

Finance Department | PhD Program

Phd program.

Our faculty, ranked #1 worldwide based on publications in top finance journals (ASU Finance Rankings), consists of more than 30 researchers who study all major areas of finance, making it one of the largest finance faculty in the country. Stern’s finance faculty is highly rated in terms of research output, and faculty members sit on the editorial boards of all major finance journals.

The finance department offers an exceptionally large range of courses devoted exclusively to PhD students. Apart from core PhD courses in asset pricing and corporate finance, students can choose from a range of electives such as household finance, macro-finance, and financial intermediation. PhD students also enjoy the benefits of Stern’s economics department, NYU’s economics department in the Graduate School of Arts and Science (GSAS), and the Courant Institute of Mathematics.

Graduates of Stern’s Finance PhD program have been placed at leading research institutions such as Harvard, MIT, Chicago, Stanford, Wharton, Yale, and UCLA.

Holger Mueller , Finance PhD coordinator

More information on the Finance PhD

Download the Finance PhD poster (PDF)

Explore Stern PhD

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•       Financial Aid       PhD Scholarships and Financial Aid

PAYING FOR YOUR PHD Expert Tips, Scholarships Opportunities and Resources for Financing an Advanced Degree

The average yearly tuition for a PhD program is slightly above $16,000, which means students will invest about $80,000 in tuition fees alone for a five-year program. Add in fees, cost-of-living, travel expenses and the figure can easily surpass six figures. Yet, it is possible to fund a PhD program without breaking the bank and going into debt.

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PHD COST BREAKDOWN

The value of a college education should not be understated, but neither should its actual cost. Earning a doctoral degree can be an expensive proposition. According to the latest data from the National Center for Education Statistics, the average tuition and fees for a graduate program of study was $16,435 in 2012-2013. The table below outlines the 2012-2013 graduate tuition and fees by academic institution.

• All Institutions $16,435
• Public $10,408
• Private Non-Profit $23,698
• Private For-Profit $14,418

Source: National Center for Education Statistics

A rough calculation of the number of years it takes to complete a doctoral program, multiplied by the average 2012-2013 tuition and fees from the NCES, reveals the following total cost figures by academic field of study.

A five- to six-figure education is something to take seriously as there are debt implications after leaving finishing a PhD program. Graduating doctoral students in 2013 left school with an average debt of just over $15,000, according to the National Science Foundation. By field, students in the Social Sciences, Education and Humanities graduate with the highest levels of student debt:

• Education: $26,566
• Social Sciences: $26,222
• Humanities: $21,485

Conversely, the science and technology fields graduate students with the lowest debt figures:

• Physical Sciences: $6,342
• Engineering: $7,031
• Life Sciences: $11,905
• Physical Sciences 78.2%
• Engineering 75.1%
• Life Sciences 67.2%
• Humanities 48.4%
• Social Sciences 46.5%
• Education 44.1%

Source: National Science Foundation, Survey of Earned Doctorates, 2013

While these figures may seem alarming, a deeper dive into survey data from the National Science Foundation actually paints a more positive picture. Overall, more than 62 percent of all doctoral recipients graduate from school without a single dollar of debt.

Prospective students can use the table below to get a better sense of the percentage of students who take on debt at incremental levels in each field of academic study. A majority of students graduate with $10,000 or less in debt after finishing their doctoral degree.

PhD Cost Factors

The total cost of earning a doctoral degree is variable because of the sheer number of different factors involved. Tuition is not the only cost to consider when thinking about applying to a PhD program.

Typically, students pay full tuition rates during their first three years of doctoral study and receive reduced tuition rates for the remainder of the program. However, the actual cost of tuition does vary and may be dependent on the student’s actual degree program.

Graduate students pay a range of fees, with the most common including:

• Health Services (access to health facilities on campus)
• Health Insurance (personal health insurance)
• Student Activity (subsidizes athletics and other clubs)
• Student Recreation (access to recreational facilities on campus)

Some programs estimate students should be prepared to pay between $3,000 and $4,500 per academic year in student fees and health insurance costs.

Students with a master’s degree or coursework in a similar graduate program may be able to transfer credits into their doctoral program. That can lower the total number of credits required to graduate, which can lower the total cost of the degree. However, some institutions do limit the amount of tuition credits that can be applied for graduate work done in a related field at other institutions.

Whether or not the student has an assistantship does not affect the cost of textbooks and other academic materials. Books are a revolving charge, one a student should plan upon each semester or quarter.

Housing, utilities and food are considered indirect expenses students incur during their education. PhD students should plan on anywhere from $12,000 to $25,000 and up for living expenses each year. Again, this figure is highly variable based on the location of the university and the cost-of-living in that area.

Owning a car means additional budgeting for insurance, car payments and gas. Additionally, students may need to travel for conferences and research. Without funding from a graduate student association or grant program, the student will have to cover these costs individually.

PhD students with children may have to account for childcare costs. Purchasing a new computer and other supplies may also be required. This type of budgeting will vary from individual to individual, program to program.

Most PhD programs allow students to progress at their own pace, requiring them to complete and defend their dissertation within a certain time period (e.g. six years). However, the time it takes to complete a dissertation depends on the student, area of study, research, etc. This can impact cost of attending a doctoral program.

Example Cost of Attendance

A student’s budget should include the total cost of attendance—that is both direct (tuition and fees) and indirect costs (e.g. housing). This budget is the starting point for determining the student’s financial need, how much financial aid they require, and if they can afford to attend a doctoral program. Below is a sample five-year total cost of attendance chart based on an in-state tuition program, with a budget that assumes fixed costs for fees and indirect costs, such as housing. It also does not take into account assistantships and tuition waivers for assistants.

Based on a figure that’s slightly below the 2012-2013 average graduate tuition cost, the total cost of attendance can still produce sticker shock. An average student in a program that charges $12,000 per year in tuition could have to pay between $30,000 and $45,000 year in total costs.

PhD FINANCIAL AID OPTIONS

Prospective PhD candidates have an abundance of financial aid options to help fund their graduate studies. Typically, students are fully funded by a combination of sources, including scholarships, fellowships, research assistantships, teaching assistantships, or student loans.

It is important for students to note that most sources of aid are awarded by individual academic programs, so they should follow-up with their department for up-to-date information.

Below is a high-level overview of the common types of graduate financial aid.

Prospective PhD candidates can turn to a variety of funding sources, including scholarships, grants, and fellowships to support their education financially. As discussed, most students use a combination of one or more of these funding sources to finance their degree program and research.

PhD students can apply for a variety of scholarships that award students with funds that can be used to help cover the cost of tuition, books and other fees.

Grants are similar to scholarships and are academic-based awards that can be used to augment other sources of financial aid.

Fellowships are a different type of funding that may encompass a scholarship or grant and can be used to fund research, study and teaching in the US and internationally. Many fellowships provide full tuition and a yearly stipend to students.

A PhD should never be an end in itself but rather a means to an end. The path to a PhD is an arduous one and should never be undertaken without serious thought to what it will bring the student. That said, there is money available for graduate study in most fields, and a student in the humanities should be very careful to apply to appropriate programs which fund their grad students.

• Engineering
• Physical Sciences

The SMART program is designed to support graduate students studying in STEM disciplines and offers a range of other benefits, including supplies and health insurance allowances and employment placement services with the DoD after graduation.

The National Defense Science and Engineering Graduate Fellowship is a three-year graduate fellowship that is designed to support doctoral students across fifteen engineering disciplines.

This three-year fellowship program supports the research efforts of doctoral students in STEM-related fields of study and allows them to pursue their work at any accredited graduate program in the country.

Renewable award for graduate students enrolled in a full-time APA-accredited doctoral program of study in psychology. Underrepresented, minority students are encouraged to apply.

This fellowship is open to female scholars and is designed to help offset the doctoral student’s living expenses during her final year of working on a dissertation.

This fellowship is a single-year of funding that is designed to support the doctoral research of a student working in child psychology.

The Javits Fellowship is provided on a needs- and competitive-basis to graduate students pursing graduate degrees in the humanities, social sciences, and the arts.

Two fellowships are awarded to support doctoral students who plan to study at the American School of Classical Studies in Athens, Greece for a year.

The Richard M. Weaver Scholarship is open to graduate student members of the Intercollegiate Studies Institute and supports the academic work of scholars pursuing teaching careers at the college level.

The AICPA fellowship is designed for minority students pursuing or planning to pursue a doctorate in accounting.

Five scholarships are available to provide financial assistance to graduate students pursuing studies in accounting and plan on earning CPA licensure.

This fellowship provides financial support to female scholars conducting research and economic analysis into natural resource, food, or agricultural issues.

This renewable, four-year fellowship is designed to support a scholar’s work in the field of stewardship science: nuclear science, high density physics, and materials under extreme conditions and hydrodynamics.

This multi-year fellowship supports doctoral research in several fields, ranging from chemistry to geology, materials science to physics and connects fellows with NPSC employer partners.

The NWRI fellowship program is open to full-time doctoral students conducting water-based research in areas such as water quality, water treatment and technologies, water supplies and water resources.

Really think about your reasons for getting a PhD. Critically exam the support systems you have in place to get you through the journey: 50 percent of doctoral students suffer from depression. Utilize services like the counseling center on your college/university campuses to help you respond to the stressors that may occur with the transition.

ASSISTANTSHIPS, FELLOWSHIPS AND LOANS

Graduate assistantships.

Graduate assistantships are a form of academic appointment and are provided by individual departments. Competitive in nature, they are typically awarded on the basis of the student’s academic accomplishments and potential in the graduate program of study. Most programs provide appointments for one year at time and students receive a tuition credit or waiver and monthly stipend. There are three types of assistantships: Teaching Assistantships, Assistant Lecturers, and Research Assistants.

Teaching assistants perform a range of support duties for faculty members at a university, including grading papers and teaching classes.

Lecturers may serve as instructors in the academic department where they are studying.

Research assistants conduct and assist faculty members with research projects in the student’s area of interest.

Fellowships

Fellowships are short-term funding opportunities (typically 9- to 12 months) provided to students in the form of tuition credits and/or stipends. They support a student’s graduate study in their field of choice, may assist them in their research, or gain professional training in an area of interest. Fellowships are competitive and are available in two types: University-based and External.

Individual schools, colleges, and departments at a university (e.g. College of Science, Department of English) may have endowed fellowships. Students are either nominated for an award by their department or may be open to an application process.

External fellowships are funded by foundations, government agencies and other groups and provide opportunities to study both in the US and abroad. For example, the Department of Defense offers the National Defense Science & Engineering Graduate Fellowship to engineering students studying in one of sixteen engineering specialties.

Corporations

Many companies and businesses have created scholarship, fellowship, and tuition reimbursement programs for their employees. Depending on the company, there may be a possibility it supports the graduate school efforts of its employees. Speak to the Human Resources department to learn more about the potential funding avenues available.

Graduate students may borrow funds from the federal government under two loan programs: William D. Ford Federal Direct Loan Program and the Federal Perkins Loan Program.

Private financial institutions, including banks and credit unions, offer unsecured educational loans to graduate students. These loans must be repaid with interest. The interest rates, loan amount, and repayment terms are based on the credit worthiness of the borrower.

Federal work study provides students with demonstrated financial need part-time job opportunities that allow them to earn income while they are in graduate school. The program focuses on placing students in community service situations related to the student’s academic course of study. A majority of jobs are on-campus, but some schools may have some off-campus jobs with nonprofit agencies and other groups. It is important to note that some universities may not allow students to use their federal work study for tuition, but other related expenses (e.g. books, fees).

EXPERT SPOTLIGHT: Lawrence Burns, PhD

What should a future phd student consider when selecting a program of   study .

Speaking in the humanities, a student is best advised, I think, to select the faculty member with whom he or she wishes to study rather than simply a program. This faculty member becomes the student’s mentor, a relationship that lasts well beyond graduate school years. Because the mentor becomes the student’s primary reference, his or her standing in the field can and does have an impact on pre- and post-doctoral grants a student might win as well as on the student’s success on the academic job market.

It is a delicate balance though, because one must also look at programs that have standing in a particular field and at institutions that can afford to fund their PhD students throughout their graduate years.

Much is made about the saturation of PhD graduates and not enough   positions — both in academic and the private sector. Should that dissuade   a student from pursuing a PhD?

Yes, of course. Again, a PhD is not something that comes easily, and it should not be pursued without a reason for it. On the other hand, for students who are committed to their fields, and for whom that field is a career choice, the PhD is still the only way into the university job market. 

There is a catch-22 in the world of post-graduate education. Research universities need to turn out research, and researchers often depend on their grad students to assist them–in all fields–and departments on their PhD candidates to teach many undergraduate courses. PhD students are thus recruited regardless of the job market for the PhD holders.

The challenges in funding the PhD for me were less about how am I going to pay for this degree, but making the adjustment from being a full-time salaried employee to now, taking a significant pay cut to serve as a graduate assistant.

EARNING OUTLOOK FOR PHD STUDENTS

Potential career earnings should be a significant part of the discussion when considering whether or not to pursue a doctoral degree. Completing an advanced program of study could increase an individual’s earning potential with their current or future employers.

Research from the Bureau of Labor Statistics reveals a direct correlation between educational attainment and career success—both in employment opportunities and annual salaries. Doctoral degree holders are some of the highest paid professionals in the country. The table below outlines the difference in earnings by degree level in 2014.

source: Bureau of Labor Statistics, Earnings and Unemployment by Educational Attainment

• Industry or Business $97,700
• Government $82,000
• Nonprofit Organizations $72,500
• Other $70,000
• Academia $60,000

Source: National Science Foundation, Survey of Earned Doctorates

In turn, prospective students should consider how their sacrifice of time and money will pay off when they embark in their careers. Some professional fields have a higher return on investment than others. A majority of PhD candidates endeavor to become tenured-track faculty members, but they should realize that academia is one of the lowest paying sectors for individuals with a doctoral degree.

A review of National Science Foundation survey information shows that the best paying professional areas for PhD graduates include Industry and Business—with an average salary of $97,700. At the bottom of the list? Academia.

MOST LUCRATIVE PHD CAREERS

So, which PhD degrees pay the best?

According to the NSF, business, economics, and engineering are consistently among the best earning academic fields regardless of industry. The following tables outline the highest paying academic fields by professional area of work after graduation.

• Business Management and Administration $110,000
• Economics $82,000
• Engineering $79,000
• Health Sciences $70,000
• Education $60,000
• Business Management and Administration $135,000
• Economics $115,000
• Mathematics and Computer Information Sciences $115,000
• Geosciences $110,000
• Engineering $98,000
• Economics $112,500
• Business Management and Administration $96,590
• Engineering $96,500
• Mathematics and Computer Information Sciences $95,300
• Health Sciences $94,000
• Business Management and Administration $105,000
• Economics $100,000
• Mathematics and Computer Information Sciences $100,000
• Health Sciences $98,000

At the occupational level, 2012 employment research from the Bureau of Labor Statistics revealed the best paying doctoral career was Physicist ($109,600), followed by Astronomers ($105,410), and Engineering Professors ($94,130).

Overall, the top 10 most lucrative PhD careers include the following:

• 1 Physicists $109,600
• 2 Astronomers $105,410
• 3 Engineering Professors $94,130
• 4 Economics Professors $90,870
• 5 Health Specialties Professors: $90,210
• 6 Agricultural Sciences Professors $86,260
• 7 Biochemists and Biophysicists $84,940
• 8 Forestry and Conservation Science Professors $84,090
• 9 Physics Professors $80,720
• 10 Medical Scientists $79,930

EXPERT SPOTLIGHT: Darren Pierre, PhD

How has earning a phd impacted you personally and professionally.

Personally, the PhD was an incredibly introspective process. I believe for many, they go into the PhD thinking one thing, and come out transformed by the experience. I learned and grew personally in how I harness my self-worth, I grew professionally in my ability to humble myself and authentically listen to the feedback given about my work.

Professionally, I move with a greater level of confidence, I have more insight into my own potential in ways I could have never imagined, and all of that propelled me to write my book, The Invitation to Love.

Through your own experience, what are the biggest mistakes   prospective PhD students make when choosing and/or funding their PhD?

The biggest mistake that perspective students make is doing the degree for the wrong reason. If you are doing the degree for any other reason that self-motivated factors, you will falter. Doing the PhD to cover areas of insecurity, or low self-worth; doing the PhD for the prestige or title sake, those reasons will have you floundering and faltering when the psychological stressors being to weigh heavy.

Did you create a roadmap--financially or academically--to stay on track to   completing your PhD?

Absolutely, you have to have a plan and work that plan. Each Sunday, I would develop the week's action plan, I would carve out everything from when I was doing assignments/research to when I would work out, everything was on a schedule so that even when the fog of the process set in, I had headlights (my schedule) that allowed me to drive consistently when the road ahead was hard to see.

PHD: BY THE NUMBERS

Doctoral education in the U.S. is a varied and broad system, one that has been growing in popularity. In the 2013-2014 academic year, more than 178,000 doctoral degrees were conferred to students nationally, according to data from the National Center for Education Statistics.

• Doctoral Education Continues to Grow
• Engineering and Physical Sciences Dominate
• STEM Fields are the Most Popular
• Only Half of Students Earn a PhD in the Same Academic Field as their Master’s Degree
• Doctoral Degrees are an Investment in Time
• Primary Source of Funding Varies by Program

In its survey of earned doctorates, the National Science Foundation learned the number of doctoral recipients increased by nearly 30 percent between 2003 and 2013.

The most popular academic areas of study were Engineering and the Physical Sciences.

• Engineering 69.80%
• Physical Sciences 59.30%
• Health Sciences 53.60%
• Life Sciences 44.60%
• Other 38.90%
• Social Sciences 19.90%
• Humanities 9.10%
• Education -25.70%

Within the engineering and physical sciences disciplines, multiple sub-fields have been experiencing explosive interest and enrollments, with some programs (e.g. physics, materials science engineering) growing by more than 70 percent between 2003 and 2013.

• Other engineering 127.5%
• Materials science engineering 86.5%
• Aerospace, aeronautical, and astronautical engineering 74.5%
• Mechanical engineering 70.5%
• Electrical, electronics, and communication engineering 53.6%
• Chemical engineering 46.0%
• Computer and information sciences 119.1%
• Mathematics 83.0%
• Physics and astronomy 76.7%
• Geosciences 28.8%
• Chemistry 22.0%

According to NSF, the science, technology, engineering and mathematics fields are the most popular doctoral areas of study.

• Life Sciences 23.3%
• Physical Sciences 17.6%
• Engineering 17.0%
• Social Sciences 15.9%
• Humanities 10.7%
• Education 9.4%

Interestingly, slightly more than 56 percent of graduate students continue into a doctoral program in the same field as their master’s degree. Rates are highest in the humanities, engineering, and social sciences fields.

• Humanities 67.6%
• Engineering 65.7%
• Social Sciences 65.6%
• Education 61.5%
• All Fields 56.1%
• Physical Sciences 53.4%
• Life Sciences 35.5%

It requires approximately 7.5 years of study for the average graduate student to complete a doctoral degree after enrolling in graduate school. Education takes the longest — more than 11 years, while the physical sciences and engineering fields only require 6.5 to 6.6 years of study to complete.

• Education 11.7
• Humanities 9.2
• Social Sciences 7.7
• All Fields 7.5
• Life Sciences 6.9
• Engineering 6.6
• Physical Sciences 6.5

According to the NSF, the most common source of funding for doctoral students are teaching and research assistantships. The table below details the primary source of funding for students by academic area of study.

• Life Sciences Fellowships/ Grants
• Physical Sciences Research Assistantships
• Social Sciences Teaching Assistantships
• Engineering Research Assistantships
• Education Own Resources
• Humanities Teaching Assistantships
• All Fields Research Assistantships

The following table includes a breakout of the primary funding source by major field of study, according the National Science Foundation.

Source: http://www.nsf.gov/statistics/sed/2013/data-tables.cfm

ADDITIONAL FINANCIAL AID RESOURCES

The ultimate financial goal of any PhD student should be to complete their program successfully and move into a professional career with as little debt as possible. The resources below are available to help students locate scholarships and other funding sources that can help make that goal a reality.

Unigo offers a selection of financial assistance resources for graduate students, including a scholarship directory, a scholarship match tool, educational information on student loans and funding options, and more.

Scholarships.com is a website that provides a selection of financial aid information, including a searchable scholarship directory, insights into funding trends, financial aid calculators, and information about grants and fellowships.

Peterson’s is an educational resource site that includes a searchable scholarship database, articles and advice columns, and a catalog of graduate school profiles.

FinAid.org is an educational resource site that focuses on financial aid and offers information about student loans, federal financial aid, financing a doctoral education, and includes a scholarship search option.

An office of the U.S. Department of Education, Federal Student Aid is the country’s largest provider of financial aid. Graduate students can learn about and pally for loans, grants, and work-study funds to pay for their doctoral education.

FastWeb is a financial aid-focused website that offers a searchable scholarship directory that allows students to focus their search to their major area of study, work experience, and personal and professional activities.

Chegg is an online educational portal that not only offers used textbooks, but a scholarship database as well.

PhD Scholarships in Accounting and Finance (Fully Funded)

by Samrach · Published April 5, 2020 · Updated September 8, 2020

Up to three fully funded scholarships are available for a topic in the Accounting and Finance area.

Eligibility

Applicants should have:

• A postgraduate master’s degree from an accredited institution in the UK or overseas with evidence of above-average academic achievement (more than 65% overall in your Masters) and a postgraduate master’s dissertation with distinction (UK equivalent). MBA or master’s students without a dissertation are welcome to apply and should provide evidence of distinction level (UK equivalent). Your official transcript and grading scheme must be provided when you submit your application.
• An International English Language Testing System (IELTS) score of at least 7.0 overall, or the equivalent from our  approved list of certificates .

The major areas of interest in current staff research are as follows:

• Accounting for charities
• Accounting and consumer society
• Accounting narratives
• Accounting and popular culture
• Accounting regulation
• Accounting, strategy, and information technologies
• Financial accounting
• Healthcare and social care accounting and accountability
• History of accounting and calculative practices
• Management accounting, governance and control
• Management controls for major programmes & projects
• Market-based accounting research
• Social studies of accounting and accountability
• The accounting profession

Business and Climate Change

• Benchmarking carbon performance
• Carbon accounting
• Carbon markets & low carbon investment
• Risk management
• Behavioural finance
• Capital market anomalies
• Corporate finance
• Corporate governance
• Corporate pension risk analysis
• Econometrics of financial markets
• Empirical asset pricing
• Equity valuation
• Energy finance
• Institutional setting for IPO markets and underpricing of IPOs
• Market microstructure; high frequency trading

The award will be for three years, subject to satisfactory progress, at the following rates:

• European Union candidates: standard EU tuition fee plus maintenance fee of £14,500 per year
• Non-European Union candidates: standard non-EU tuition fee plus maintenance fee of £14,500 per year

Successful applicants will be expected to contribute to our teaching programmes during their second and third years of the scholarship.

How to Apply

You must submit your  online application  for the PhD programme by the scholarship closing date. Please note you will not be able to access the scholarship application form unless you have applied for admission to the University of Edinburgh.

The online scholarship application form is located in EUCLID and can be accessed via MyEd, our web-based information portal. We recommend you follow the  scholarship application guidance .

When logging in to MyEd, you will need your University User Name (UUN) and password. If you require assistance, please see the University’s  Student Systems support pages  or contact our  Admissions Team .

Official website

Tags: Fully Funded

22 Responses

• Comments 22
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Please send me the details of Scholarship to my Gmail address provided. Thanks.

Good day Sir/Ma. Please am interested on the PhD programme, My Certificate is MBA with CGP of 3.7. B sc Accounting. I my eligible to apply. My Name is Haruna Mohammed IDRIS. From Nigeria. Thanks

I will like to be receiving your notifications

I am a Group CFO IN A PUBLIC listed company. I have 28 years of experience in Accounting.. Audit..and Finance. I am FCCA from UK and CIA from US. Can I apply?

I am 56 years old and recently passed 18 years qualifications in Accounting and Finance. Further I have experience of about 30 years in the related fields. How much % of scholarship can I be awared.

Hi , My name is Najeeb Ahmad, I hv done Level 7 accounts and finance and currently doing MSc in accounting and finance from university of Northampton, I’m I eligible for this scholarship, I’m Pakistani national with waiting asylum decision status, I came to uk in march 2011

Can I apply for this programme after completion of ACCA?

I want to joint a programme, can I applicab, I am from India.

Please sende me all details about ph.d. I have completed M.Phi.in Account & Finance.

Please send me all details about Ph.d . I have completed M.phil in Account & Finance.

Please sende me all details about ph.d. I have completed M.Phi.in Account & Finance. I m from India. Can I eligible?

Good evening Sir/madam. My name’s are Joyce Nalwoga from Uganda. With a master’s in business Administration. From the the institute of East and south African management (ESAMI) Lam wondering if I can apply for the program.

Presently on my PHD programme at the stage of my thesis. Can my thesis be funded? A fellow of I CAN with over 15 years working experience. May I apply ? Thank you

My name is Mrs Soyode,l recommend this programme for my daughter Omobolanle Soyode who finished from Coventry University with distinction in her Master’s programme and also had 2nd class upper division in Accounting therefore I will like to have more detailed information on it so that I can send it to her to apply immediately especially Accounting in health and social care at university of Edinburgh.

Good day, I have made attempt to submit application for this PhD programme but unfortunately, I cannot find any link to do this. Can you please advise further

I want to join PhD program in Accounting and Finance. Would you help me to do so by sending the required information to my email? Thank you!

Hi Dear/Madam My name is Adugna Hunde Gonfa, I have BA and MSC in Accounting and Finance from Alpha University College and Gage University College respectively. know I want to joy/ learn PhD in Accounting and Finance in the university of Edinburgh. if you help me to do so by sending the information required to my email? Thank you!!

Am tesema tesfaye egigu ,i have msc in accountige and finance from wolaita sodo university .know i want to attempt to submit application for phd program in accounting and finance .i am from Ethiopia ,can i eligible ?

I am MBA holder & I have hunger to upgrade my academic status to PHD in Accounting and finance . I am Tesfaye Bulado Bukana , from Ethiopia.

My name is Asma Micheal. I am from Pakistan. I have finished my MBA and Mphil, and now I request you to please allow me to do my Phd in Accounting ad Finance in Portugal wit full funded Scholarship. Otherwise i am unable to do my Phd without Scholarship. This is my great desire to do it in Portugal under the Highly qualified professors. Thank you very much. Asma Micheal

Hello Asma Micheal! If you would like to benefit from on of these scholarships, please carefully read the post and follow the steps to apply! We do not process applications, we share information for students only!

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Top Fully Funded PhD Programs

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Fully funded PhD programs offer students seeking their doctor of philosophy degrees the ultimate experience. With the average cost of a PhD at nearly $100,000 , students are able to focus on their studies without worrying about paying for their degrees or living expenses. Keep reading to learn about some of the top fully funded PhD programs in a variety of majors.

What is a “Doctorate of Philosophy” degree?

A “doctorate of philosophy” degree, better known as a PhD, is among the highest level degrees in the United States. A PhD is awarded after the successful completion of an extensive research and writing project known as a dissertation. Students can earn a PhD in a variety of fields, with most majoring in the humanities or social sciences. 

Further reading: What is a PhD?

How we chose the fully funded PhD programs on our list

We looked for programs that have stellar reputations in their respective majors. It makes sense that the most reputable programs offer the resources that are most important to  PhD students. Working with distinguished professors in their field and having access to outstanding libraries, PhD students will be immersed in the ideal learning environment. 

Opportunities to learn under and network with the most well regarded academics is invaluable for students’ future careers. Finally, we looked for fully funded programs that include not only full tuition coverage, but also living stipends and health insurance. A few of the programs might require students to “give back” in the way of graduate assistantships , so keep that in mind as you read the fine print on each website. 

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The top fully funded phd programs.

The following list is in alphabetical order with no preference for one particular program. We included a variety of majors in different regions, but remember, this is just the start of an exhaustive listing of fully funded PhD programs across the USA and the world!

Boston College’s PhD in English

The PhD in English Program at Boston College prepares students for careers in academia or other English related fields. With a focus on critical thinking, writing, and research, the program explores  literature through abstract, cultural, and historical contexts. Students are able to focus on various literature periods, creative writing, and literary theory.. Working closely with renowned faculty, the program offers abundant resources and support services including fellowships and publishing opportunities. 

• Location: Chestnut Hill, Massachusetts
• Focus of study : Creative writing, critical theory, and literary and cultural studies
• What is included : Full tuition remission, health insurance, and a living stipend

Brown University PhD in Computer Science

Brown University offers a PhD program in Computer Science for students interested in a strong foundation in computer science theory and applications and opportunities to conduct research in collaboration with faculty and peers. Brown’s computer science department has research strengths in artificial intelligence, data science, cybersecurity, computer graphics, and theory. The program is designed to provide students with the skills and knowledge needed to conduct independent research in computer science and to prepare them for academic or industrial careers.

• Location: Providence, Rhode Island
• Focus of study : Algorithms, artificial intelligence, computer systems, databases, and more
• What is included : Full tuition, health insurance, and living stipend

Cornell University PhD in Chemical Engineering 

Cornell University offers a PhD program in Chemical Engineering to provide students with a broad foundation in chemical engineering principles and their application to solving real-world problems. The program aims to train students in core courses in chemical engineering, including transport phenomena, thermodynamics, and reaction engineering, while providing them with opportunities to conduct original research. Students in the program have access to state-of-the-art research facilities, funding opportunities, and a supportive community of faculty and fellow students.

• Location: Ithaca, New York
• Focus of study : Chemical engineering principles and research topics including biotechnology, energy, materials science, and process systems engineering
• What is included: Full tuition waiver, stipend, and health insurance

Duke University PhD in Literature

Duke University’s PhD program in literature prepares students for careers in academic research and teaching. The program offers a variety of courses in literary theory, criticism, and methodology, as well as opportunities to specialize in specific genres, periods, and cultures. The program also encourages interdisciplinary work, with opportunities to collaborate with scholars in other fields across the university. Graduates of the program have gone on to careers in academia, publishing, journalism, and other areas.

• Location: Durham, North Carolina
• Focus of study : Literary theory, research methods, and a range of cultural and literary texts
• What is included : Five years of living stipend, tuition, and fees support as well as six years of health and dental insurance

Harvard University PhD Program in Biological Sciences in Public Health

The PhD program in Biological Sciences in Public Health at Harvard University is designed for students who want to pursue research in the field of public health with a focus on biological sciences. The program focuses on the intersection of biology and public health, specifically emphasizing understanding the biological mechanisms underlying disease and developing strategies to prevent and treat illness. PhD students receive a rigorous education in both biological and public health sciences, preparing them to become leaders in advancing our understanding of human health and disease.

• Location: Boston, Massachusetts
• Focus of study : Cancer biology, environmental health, genetics, global health and infectious diseases.
• What is included : Competitive funding packages, including tuition waivers, stipends, and health insurance

Johns Hopkins University PhD in Nursing

The PhD in Nursing program at Johns Hopkins University is designed to prepare nurse scientists who will conduct research to advance nursing science and improve the health and well-being of individuals, families, and communities. The program is designed to be interdisciplinary, integrating knowledge from nursing, social and behavioral sciences, and biostatistics. PhD students may work as nursing faculty members, researchers, or policymakers, contributing to advancing nursing practice and developing nursing knowledge.

• Location: Baltimore, Maryland
• Focus of study : Aging and dementia care, cardiovascular and chronic care, community and public health, health systems and outcomes, and more
• What is included: Full tuition with a stipend for the first three years of study

New York University PhD in Education

New York University offers a PhD in Education through its Steinhardt School of Culture, Education, and Human Development. The program provides a solid foundation in education theory and research methods, including coursework, research apprenticeships, and independent research. Upon graduation, students are well-prepared to pursue careers in academia, research, policy, and leadership in educational organizations. They are also equipped with the skills and knowledge to contribute to developing and implementing policies and practices in education.

• Location: New York, New York
• Focus of study : Learning sciences, educational policy, educational technology, and curriculum development. 
• What is included: Annual stipend, tuition coverage for required course work, and health insurance through the fifth year

Princeton University PhD in Mathematics

Princeton University offers a PhD program in mathematics that is designed to prepare students for careers in academia, industry, or government. The program aims to provide a rigorous and comprehensive mathematics education, emphasizing both the theoretical foundations and applications of the discipline. Students take advanced courses in various mathematical fields, such as algebra, geometry, analysis, topology, and applied mathematics. Princeton’s program in mathematics is widely regarded as one of the world’s most prestigious and rigorous programs.

• Location: Princeton, New Jersey 
• Focus of study : Algebraic geometry, mathematical physics, number theory, and topology
• What is included: Full tuition and student health plan coverage

Rice University PhD in Business

Rice University offers a PhD in Business through its Jones Graduate School of Business, designed to prepare students for academic careers and research-oriented positions in industry and government. Students in the program take courses in microeconomics, econometrics, statistics, research methods, and business ethics. In addition to coursework and research, students in the program are encouraged to work as teaching or research assistants. Rice University’s PhD program provides students with a strong foundation in business theory and research methods, with opportunities to work with world-class faculty on cutting-edge research projects.

• Location: Houston, Texas
• Focus of study : Accounting, finance, management, marketing, and strategic management
• What is included : Waived tuition fees, a stipend to cover living expenses, health insurance, and may be eligible for research and travel funding to support their research projects

University of Chicago PhD in History  

The PhD program in History at the University of Chicago is a demanding but rewarding experience that prepares students for a career in academia as scholars or teaching in the field of history. The program focuses on developing students’ knowledge of cultural, intellectual, economic, political, and social history under the guidance of highly qualified faculty advisors. PhD students also have the opportunity to present their research at conferences and publish articles in academic journals.

• Location: Chicago, Illinois
• Focus of study : Ancient, contemporary, early modern, medieval, or modern history 
• What is included: Tuition, student health insurance, and a stipend for living expenses and research support

University of Michigan PhD in Engineering 

The PhD in Engineering at the University of Michigan is a top-rated program that prepares students for research and academic careers in various engineering disciplines, including biomedical engineering, chemical engineering, civil and environmental engineering, electrical engineering, and many more. PhD students are equipped with the skills and knowledge necessary to conduct independent research, develop new technologies, and advance the engineering field. The University of Michigan has a strong reputation for research and innovation, and the PhD program in Engineering provides students with ample opportunities to collaborate with faculty and industry partners.

• Location: Ann Arbor, Michigan 
• Focus of study : Materials science, mechanical engineering, electrical engineering, and computer science.
• What is included: Tuition waiver, monthly living stipend, and health insurance 

University of North Carolina PhD in Media and Communication  

The PhD program in Media and Communication at the University of North Carolina provides students with advanced knowledge and skills in media and communication theories, research methods, and critical analysis. Students can tailor their studies to their research interests by choosing from a variety of electives and seminars offered by the department. Graduates of the program have gone on to work in academia, media organizations, research institutions, and other industries where communication skills and media literacy are highly valued.

• Location: Chapel Hill, North Carolina 
• Focus of study : Media and politics, journalism studies, digital media, global media, media effects, and cultural studies
• What is included: Tuition and fees for three years, health insurance, a $20,000+ annual stipend, and support for research and travel

Frequently asked questions about fully funded PhDs

What does 'fully funded phd' mean, can international students apply for fully funded phds, how long does a fully funded phd program take, do i need to have a master's degree to apply for a phd, what is the difference between a phd and a professional doctorate.

Keep reading: PhD vs. Doctorate: Everything You Need to Know

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The mark of highest achievement in finance scholarship.

The PhD in Business Administration with a concentration in finance is a research-oriented program designed to prepare students for professions in the academic and business communities. The program is an intensive course of study in the theory and empirical analysis of finance. Coursework is designed to introduce the student to all essential areas of finance, but the responsibility for mastering the material lies with the student. To be successful in this program, students must be committed to the highest level of academic achievement. A combination of classroom instruction, seminars, independent studies, and individual work with faculty prepares the student for continued research in the field of finance.

Quick Links

DEPARTMENT OF FINANCE FINANCE FACULTY & STAFF PhD Student Directory & Placements

Research & Seminars

Our Areas of Research

• Capital structure
• Credit ratings
• Consumption-based asset pricing
• Corporate governance
• Corporate finance
• Financing decisions
• Financial derivatives
• Financial disclosure
• Financial innovation
• Financial intermediation
• Fixed-income securities
• Household finance
• Institutional investors
• Real estate finance
• Risk management

Phases of the PhD Program

The PhD program at LSU, similar to most research-oriented schools, has three distinct phases: (1) coursework, (2) general exams and (3) the writing of a dissertation and passing its oral defense. Each of these areas is covered in more detail below.

Coursework Expand accordion

Program of Study At the beginning of the program the student completes a "program of study." This official document outlines the intended coursework. Its purpose is to inform the student of exactly what courses will be required and how long the entire program will take to complete.

Establishing a Program of Study The program of study is initiated in the student's second semester. The program of study is determined by the doctoral advisor and the student. Once the student and the doctoral advisor have agreed on a program of study, an advisory committee, which oversees this program, is formed. Normally, the doctoral advisor chairs this committee and a representative from the student's minor field is also a member of this committee.

Making Changes in the Program of Study Frequently, changes in a program of study become necessary for a variety of reasons: scheduling conflicts, program changes, course numbering changes, etc. When such changes become necessary, the student must get the permission of the doctoral advisor in finance and the Associate Dean for Graduate Studies.

General Examination Expand accordion

The second major phase of the PhD program is the general examination. A request for the general examination must be submitted to the Pinkie Gordon Lane Graduate School by the chairman of the examining committee at least three weeks prior to the proposed examination date. At this time any changes in the program of study are noted and a 'Request for Change in the Program of Study for the Doctoral Degree' form is submitted by the college.

Timing of the General Exam Students who have completed all coursework in their major are eligible to take the general exam. This would normally be after the end of the fall semester of the third year of the program. The exam may not be taken while a student is currently taking a major course in the program of study or if an "Incomplete" grade is outstanding on major coursework. Under unusual circumstances and upon approval of the department and Pinkie Gordon Lane Graduate School, a student may take the exam while taking coursework in an area outside of finance or while taking a finance course not in his/her program of study.

The department requires a student to take the exam at the first opportunity of eligibility. Students seeking to defer the exam must petition, in writing, the chair of the finance department for permission. The petition must clearly state the reason for the requested deferral. An unexcused absence from a scheduled general exam is counted as a failure. Permission is not normally granted for postponement except in extraordinary circumstances. The general exams are customarily given during January. Under special circumstances, the exam may be offered at other times, by student petition.

What the General Exam Covers The general exam covers the entire field of finance and is not course specific. It is quite common for material not covered in the classroom to be included on the general exam. Students are expected to be familiar with the current literature and to be able to integrate their knowledge of finance.

General Examination Procedures The general examination is a written rigorous test of the student's grasp of the field of finance. Although the exact procedures for administering the exam may change from time to time, currently the General Exam is a six-hour in-class exam. Specific instructions are handed out prior to each General Examination.

The department chair assembles an examining committee of from 4 to 6 members, and designates a committee chair. All members of the examining committee are members (associate or full) of the graduate faculty. The role of the examining committee is to evaluate and vote on each exam. Only committee members have a vote on the exam, although all finance department members may submit questions for the exam, grade the exam and participate in discussions regarding performance on the exam. The general exam is blind-graded by the examining committee.

There are three possible outcomes of the general exam. One, the student may be deemed by the committee to have passed. For a student to pass the examination there may not be more than one dissenting vote. Two, for students who pass marginally, or for those students who perform poorly only on a certain portion of the exam, the committee may impose an additional examination. In these cases, the additional requirements are considered an integral part of the general exam and the student is not considered to have passed or failed until the additional requirements have been met. Three, the student may fail the general exam. Consequences of Failing the Examination

Students who fail the general examination are not permitted to take it again until the next scheduled offering. Sufficiently poor performance on the General Exam results in the revocation of the student's assistantship/fellowship. No one is permitted to take the general examination more than two times.

Time Limit No less than one academic year must elapse between the passing of the general examination and the completion of all requirements for the PhD degree. Programs for the doctoral degree must be completed within seven years from the time a student is classified as a doctoral student (GRAD7). This time limit may not be exceeded except by special permission of the dean of the Pinkie Gordon Lane Graduate School. Despite this Graduate School time limit, it is unusual for assistantship support to extend beyond four years.

Dissertation Expand accordion

The third and final requirement for the PhD degree is the writing of a dissertation and the passage of a final, oral examination. The dissertation must be a contribution to knowledge in its particular area and must demonstrate a mastery of research techniques, ability to do original and independent research and skill in formulating conclusions that in some way enlarge upon or modify accepted ideas.

The Dissertation Advisory Committee A dissertation advisory committee must be formed prior to the start of writing of the dissertation. This committee consists of at least four members (at least two of these must be full members) of the graduate faculty from the finance department and at least one member from the student's minor field. The advisory committee is formed by the student with the assistance of the PhD advisor. Normally the chair of this advisory committee must be a full member of the graduate faculty; however, under special circumstances including the approval of the department chair, the advisory committee may be chaired by an associate member of the graduate faculty.

The Dissertation Proposal Before officially beginning the dissertation, the student must prepare and successfully defend a written proposal. This proposal includes a description of (a) the intended research, (b) its place in the literature, and, (c) if empirical, sources of data, method of analysis and expected results. The formal defense is before the student's dissertation advisory committee and is open to the public. The purpose of the formal defense is to provide feedback and guidance to the student regarding the topic, method and quality of the proposed dissertation. Customarily the committee will have amendments and other requirements that must be added to the proposal before its final approval. The chairman of the committee indicates to the student the results of the proposal defense and, if the topic is approved, all additional requirements. A completed dissertation is one that, in the opinion of the committee, satisfies the plan of work described in the approved proposal, incorporating all amendments.

Composition of the Final Examining Committee The Dean of the Pinkie Gordon Lane Graduate School appoints the final examining committee, consisting of the student's dissertation advisory committee, and one or more additions, as representatives of the university graduate faculty.

Final Examination The final examination is the formal defense of the completed dissertation. Although the exam is normally conducted as an oral test primarily concerned with the dissertation and related problems, the examining committee determines procedures. Content may extend into subject matter related to major and minor fields even though well-removed from topics suggested by the dissertation. For the student to pass the final exam there shall not be more than one dissenting vote.

Fall Semester

Spring Semester

Second Year

Fall Semester 

Total: 54 Hours

The procedures for admission to the PhD program differ depending on whether the student is currently enrolled in a graduate degree program at LSU or not. Students currently enrolled at LSU in a graduate degree program have already been admitted by the Pinkie Gordon Lane Graduate School, and these students need only apply for admission through the College of Business and the Department of Finance. All other students must make a formal application for admission through the Pinkie Gordon Lane Graduate ​​School.

The admissions procedures require that each student submit credentials to the Pinkie Gordon Lane Graduate School. The critical decision regarding admission is made by a departmental committee. Please note that the departmental committee will not consider students whose file with the Pinkie Gordon Lane Graduate School is incomplete.

The PhD advisor for the program will not “pre-screen” an applicant’s credentials to estimate the likelihood of admission into the program should the applicant decide to formally apply. See the “Admission Standards” section below. Students are admitted to the program each semester. Although it is possible to apply for admission beginning in the spring term, most students begin in the fall, and the program of study is designed around a student entering for this term. Generally a student must have his/her admission file complete by February 15 for admission the following fall. Some students may be admitted after this date; however, most assistantship awards are made shortly after February 15.

General Admission Requirements

Admission to the PhD program is awarded on the basis of evidence of academic achievements and promise. Admission decisions are made only after receipt of all credentials, which include the following items:

• The completed application for admissions form. This form is available online (preferred) and from the Pinkie Gordon Lane Graduate School.
• Official transcripts of all college work done outside LSU.
• Scores of either the Graduate Management Aptitude Test (GMAT) or the Graduate Record Exam (GRE); these scores must be sent directly from the Education Testing Service to the Pinkie Gordon Lane Graduate School. The GMAT is preferred. The code for LSU is 6373.
• Scores from the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) for students who have completed degree requirements outside of the U.S. and whose native language is not English. The code for LSU 6373.

A campus visit to meet with the PhD advisor and finance faculty is strongly encouraged. This visit is at the applicant's expense and is arranged through the PhD advisor.

Note: Do not send registered mail that requires a signature form from the post office. Either send by regular mail or by an express carrier.

Admission Standards

Regular admission is considered for applicants who exceed the following minimum requirements:

• A four-year bachelor's degree from an accredited U.S. institution or the equivalent from an international institution.
• A grade point average of at least 3.00 (on a 4-point system) on all undergraduate work and a 3.40 GPA or better on any graduate work already completed.
• Acceptable GMAT or GRE scores. The department generally requires a GMAT score of 650 or higher (or comparable performance on the GRE). Those awarded assistantships typically have GMAT scores above 700. Performance on the quantitative sections of the exams is given greater weight than performance on the verbal sections.
• Satisfactory TOEFL or IELTS scores for international students. A TOEFL score of at least 550 on the paper-based exam, 213 on the computer-based exam, or 79 on the internet-based exam is required for consideration for a graduate assistantship. An IELTS score of at least 6.5 required for consideration for a graduate assistantship. The TOEFL/IELTS is waived if the student has completed a degree in the U.S.

It should be noted that these are minimum admission criteria and the satisfaction of these standards does not necessarily imply admission is assured. Other factors, such as the applicant's research interests and successful completion of graduate courses, the composition of the graduate faculty, the availability of support resources, and the ability of the program to support additional students also weigh in the admission decision.

English Language Competency

Upon arrival on campus and before registration, international applicants (except those who are citizens of Canada, Australia, New Zealand, certain Caribbean islands, or the United Kingdom) must take the LSU Comprehensive English Language Test. If the test indicates a deficiency in English, the student is required to register for the appropriate courses. In the case of a major deficiency in English, the Pinkie Gordon Lane Graduate School may require postponement of enrollment in graduate courses until proficiency is demonstrated. Graduate assistants are also required to participate in a speech interview.

Philosophy Concerning Assistantships Assistantship duties are an integral part of the PhD program and are treated as such. When the assistantship involves research work, the student uses this opportunity to develop and hone research skills. These skills are critical to a successful academic career. When the assistantship involves teaching, the student uses this opportunity to develop classroom skills and to enhance his/her understanding of finance. Because of the importance placed on the skills earned through assistantships, it is not common for a student to be admitted into the program without either a fellowship or an assistantship. Those students that are not awarded an assistantship are strongly encouraged to form a mentoring relationship with a faculty member.

Application for Assistantships All assistantship decisions are made after a student's full application package has been received. If the selection committee decides to pursue a particular student, a representative from the Department of Finance will contact the student via email with an assistantship application.

Assistantship Awards Awards are competitive, and their continuation depends on satisfactory assistantship performance as well as acceptable academic performance. Performance criteria include, but are not limited to, grades, research papers, progress toward the degree, and sitting for the general exam when eligible. Students receive a competitive stipend, and those on assistantship do not pay tuition and fees.

Responsibilities of Graduate Assistants Assistantships are typically twenty (20) hour per week assignments. Graduate assistants with teaching duties usually teach two sections of one undergraduate course. Graduate assistants with research duties are assigned to one or two faculty. In addition to these duties, graduate assistants may be assigned other duties by the PhD advisor or department chairman, such as work during the week of registration. All PhD students are expected to teach at least one semester during their program of study.

Performance Reviews At the end of each semester the doctoral advisor conducts a review of the performance of each doctoral student. The review consists of an evaluation of the student's classroom and assistantship performance. Any student who is not performing satisfactorily is notified and if performance does not improve, the assistantship may be revoked. It should be noted that, although the Graduate School considers a student with a 3.00 grade point average to be in good standing, the Department of Finance encourages students to maintain a minimum grade point average of 3.5. A year-end performance review is in writing and becomes part of the student's record.

Board of Regent Graduate Fellowships Applicants who are U.S. citizens may be eligible for a Board of Regents Graduate Fellowship (BRGF). A BRGF award entitles a student to $16,000 per year plus an amount equal to tuition and fees for up to four years of study. Students holding fellowships are not required to perform normal assistantship duties. However, all students are encouraged to work closely with faculty in the development of research projects. As with an assistantship, fellowship holders are expected to teach at least one semester during their program of study. More information can be obtained from the Department of Finance PhD student advisor.

Beyond the PhD

Our alumni enjoy successful careers in academia. Institutions that employ our graduates:

• American University
• Baylor University
• Belmont University
• Binghamton University
• Lehigh University
• National Taiwan University
• San Diego State University
• Sacramento State University
• Texas Christian University
• University of Mississippi
• University of Missouri – St. Louis
• University of North Texas

Faculty Feature

Don Chance Finance Professor & James C. Flores Endowed Chair of MBA Studies

When he took a job at a regional bank, Don Chance never expected that he would one day be the author of three books and numerous journal articles. Professor Chance’s research focuses on foreign exchange risk management, dividend rights as executive compensation, the performance of random securities analysts, the measurement of alphas from option strategies, corporate boasting, and companies that move from the NYSE to the Nasdaq. He is also involved in developing and authorship the derivatives and risk management curriculum in the Chartered Financial Analyst (CFA) program. In 2015, he received the C. Stewart Shepard Award for his many years of service to the CFA Institute in the development of its educational programs.

MEET MORE FINANCE FACULTY

2900 Business Education Complex 501 South Quad Dr. Baton Rouge, LA 70803 225-578-6291 [email protected]

Carlos Slawson

Director of Graduate Studies - PhD Finance Program 2927 Business Education Complex [email protected]  

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Here are the best global universities for engineering in Russia

Itmo university, tomsk state university, tomsk polytechnic university, lomonosov moscow state university, novosibirsk state university, saint petersburg state university, peter the great st. petersburg polytechnic university, moscow institute of physics & technology, national research nuclear university mephi (moscow engineering physics institute).

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• # 307 in Best Universities for Engineering  (tie)
• # 696 in Best Global Universities  (tie)
• # 364 in Best Universities for Engineering  (tie)
• # 587 in Best Global Universities  (tie)
• # 396 in Best Universities for Engineering  (tie)
• # 879 in Best Global Universities  (tie)
• # 632 in Best Universities for Engineering  (tie)
• # 355 in Best Global Universities
• # 809 in Best Universities for Engineering  (tie)
• # 579 in Best Global Universities  (tie)
• # 847 in Best Universities for Engineering  (tie)
• # 652 in Best Global Universities
• # 896 in Best Universities for Engineering  (tie)
• # 679 in Best Global Universities  (tie)
• # 902 in Best Universities for Engineering  (tie)
• # 475 in Best Global Universities  (tie)
• # 915 in Best Universities for Engineering  (tie)
• # 483 in Best Global Universities  (tie)

100 Best universities for Mechanical Engineering in Russia

Updated: February 29, 2024

• Art & Design
• Computer Science
• Engineering
• Environmental Science
• Liberal Arts & Social Sciences
• Mathematics

Below is a list of best universities in Russia ranked based on their research performance in Mechanical Engineering. A graph of 714K citations received by 136K academic papers made by 158 universities in Russia was used to calculate publications' ratings, which then were adjusted for release dates and added to final scores.

We don't distinguish between undergraduate and graduate programs nor do we adjust for current majors offered. You can find information about granted degrees on a university page but always double-check with the university website.

1. Moscow State University

For Mechanical Engineering

2. Tomsk State University

3. St. Petersburg State University

4. Bauman Moscow State Technical University

5. Ufa State Aviation Technical University

6. Peter the Great St.Petersburg Polytechnic University

7. Tomsk Polytechnic University

8. Ural Federal University

9. South Ural State University

10. National Research University Higher School of Economics

11. Moscow Aviation Institute

12. Novosibirsk State University

13. ITMO University

14. N.R.U. Moscow Power Engineering Institute

15. National Research Nuclear University MEPI

16. Kazan Federal University

17. National University of Science and Technology "MISIS"

18. Moscow Institute of Physics and Technology

19. Samara National Research University

20. Moscow State Technological University "Stankin"

21. Novosibirsk State Technical University

22. RUDN University

23. Southern Federal University

24. Saratov State University

25. Ufa State Petroleum Technological University

26. Samara State Technical University

27. Siberian Federal University

28. Kazan National Research Technical University named after A.N. Tupolev - KAI

29. Perm State Technical University

30. Omsk State Technical University

31. Saint Petersburg State Electrotechnical University

32. Moscow Polytech

33. Saint-Petersburg Mining University

34. Magnitogorsk State Technical University

35. Saratov State Technical University

36. Moscow State University of Railway Engineering

37. Lobachevsky State University of Nizhni Novgorod

38. Nizhny Novgorod State Technical University

39. Tula State University

40. Belgorod State Technological University

41. Far Eastern Federal University

42. Novgorod State University

43. belgorod state university.

44. Finance Academy under the Government of the Russian Federation

45. Moscow Medical Academy

46. Kazan State Technological University

47. Russian State University of Oil and Gas

48. siberian state aerospace university.

49. Tambov State Technical University

50. Voronezh State University

51. Siberian State Industrial University

52. Saint Petersburg State Institute of Technology

53. Kalashnikov Izhevsk State Technical University

54. St. Petersburg State University of Architecture and Civil Engineering

55. Mendeleev University of Chemical Technology of Russia

56. Murmansk State Technical University

57. South-Western State University

58. Ogarev Mordovia State University

59. Tomsk State University of Control Systems and Radioelectronics

60. south-russian state university of economics and service.

61. Perm State University

62. Kuzbass State Technical University

63. Russian National Research Medical University

64. Plekhanov Russian University of Economics

65. Ulyanovsk State Technical University

66. Ulyanovsk State University

67. Penza State University

68. Kuban State University of Technology

69. Polzunov Altai State Technical University

70. Chelyabinsk State University

71. Yaroslavl State University

72. University of Tyumen

73. National Research University of Electronic Technology

74. Leningrad State University

75. Moscow State Pedagogical University

76. Udmurt State University

77. Irkutsk State University

78. North-Eastern Federal University

79. Bashkir State University

80. Russian Presidential Academy of National Economy and Public Administration

81. Kuban State University

82. Kuban State Agricultural University

83. St. Petersburg State University of Aerospace Instrumentation

84. Kemerovo State University

85. Immanuel Kant Baltic Federal University

86. Orenburg State University

87. Baltic State Technical University "Voenmeh"

88. Tomsk State University of Architecture and Building

89. Chuvash State University

90. ivanovo state power university.

91. Irkutsk National Research Technical University

92. Orel State University

93. State University of Management

94. Tomsk State Pedagogical University

95. Volgograd State University

96. Petrozavodsk State University

97. Tver State University

98. Northern Arctic Federal University

99. Omsk State Transport University

100. Kaliningrad State Technical University

The best cities to study Mechanical Engineering in Russia based on the number of universities and their ranks are Moscow , Tomsk , Saint Petersburg , and Ufa .

Engineering subfields in Russia