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Business, Ph.D.

  • Application Deadline
  • 60 months
University rank #2 (QS) Stanford, CA, United States
Discover a focus and intensity greater than you may have thought possible. As a PhD student at Stanford Graduate School of Business, you will be inspired and challenged to explore novel ideas and complex questions.
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This program is designed to develop outstanding scholars for careers in research and teaching at leading academic institutions throughout the world. If you’re prepared to embark on a challenging, focused, and meaningful experience, the school invites you to explore the possibilities in their PhD Program.

Is a PhD Right for You?

Strong PhD candidates are full of ideas and curiosity, with a passion and aptitude for research. If you’re prepared to embark on a rigorous career in research and develop your full potential, we invite you to explore the possibilities of a PhD in business. Admitted students receive full fellowships for their doctoral studies.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 60 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Fields of Study

  • Accounting
  • Economic Analysis & Policy
  • Finance
  • Marketing
  • Operations, Information & Technology
  • Organizational Behavior
  • Political Economics

English Language Requirements

  • Minimum required score:


    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120.

  • Minimum required score:


    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks.

Academic Requirements

  • This programme accepts GRE® scores. However, it does not provide a recommended score range.

    Schedule GRE®

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

  • Statement of Purpose
  • Resume or CV
  • Three letters of reference
  • GMAT or GRE score
  • TOEFL score (if applicable)
  • Uploaded unofficial transcripts
  • Submitted online application
  • $125 application fee

It is strongly recommended that you and your referees submit your application and reference letters well before the application deadline. Remember to preview your online application before submitting it. This is especially important for the uploaded materials (e.g., personal statement and resume), as formatting may be slightly altered.

Tuition Fee

  •  The fellowship stipend and/or research or teaching assistantship is $43,400.

Living costs for Stanford

  • 1100 - 1600 USD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


The PhD Program provides a financial fellowship to qualified doctoral students that includes tuition, a living stipend, health fee coverage, and opportunities to hold research and/or course assistantships.

The program guarantees four years of support based on satisfactory academic performance. The fellowship stipend and/or research or teaching assistantship is typically equivalent to or more than the estimated living expenses (not including expenses for dependents).

Research & Course Assistantships

Research and course assistantships are typically included as part of a student’s funding from Stanford.

Academically, a research assistantship serves as an apprenticeship in research that is often the basis for the dissertation research that follows. A teaching assistantship provides experience with the different aspects of the teaching process: course preparation, presentation skills, grading, and evaluation. The standard terms of the assistantship depend on the student’s tenure in the program.

Supplemental Income

There are various means of increasing one’s income beyond the granted Stanford GSB financial support package. One method is incidental grading and tutoring, informally known as hourly work. Foreign students, by the terms of their visas, cannot work more than 20 hours per week while school is in session. U.S. citizens cannot work more than 28 hours per week.

Professional Development Grants

The PhD Program encourages students to attend and present research at professional conferences. The program provides funding to cover travel expenses, publication submission fees, and professional organization membership fees. Professional conferences enable students to:

  • Gain exposure to types of research that we do not do here at Stanford
  • Discuss the state of research in different areas
  • Discuss and get feedback on one’s own work
  • Meet leading faculty and PhD students from other schools

Outside Financial Support

PhD students at Stanford GSB have achieved the distinction of receiving fellowship support from a wide array of scholarship foundations. Among the awards they commonly win are fellowships granted by:

  • National Science Foundation
  • State Farm Companies Foundation
  • Deloitte Foundation
  • KPMG Foundation
  • U.S. Department of Energy
  • U.S. Environmental Protection Agency

Outside Employment

This PhD Program is a full-time program. Students should not plan to rely on part-time work to defray any of their expenses.

Because of the rigorous requirements of the PhD Program and its research orientation, the program strongly discourages any outside employment other than research with the faculty and incidental grading and/or tutoring positions.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.


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