Study in US: Chicago Booth grants full tuition support for PhD students

Chicago Booth School of Business at the University of Chicago provides full tuition support for PhD students. Also, the students get guaranteed teaching assistantships towards the end of the course.

Those who are looking to pursue PhD in the US can apply to the University of Chicago's business school - Chicago Booth School of Business. The university offers full tuition support for PhD students for the entire period of five to six years of studies. The application submission deadline for round one is September 19, 2024. For round 2, the deadline is January 7, 2025, and for round 3, it is April 3, 2025.

PhD students also get stipend support during their course duration which is provided on the condition of satisfactory academic progress of the candidate. In Fall 2023, for the Stevens Doctoral Program, the stipend package was $48,000 per year.

During the first and second years of the program, the university does not impose a TA requirement so that students can devote all their energy to focus on their studies. While the students are in their third and fourth years of the Stevens Program, they get the opportunity to work as a teaching assistant.

The Business School also recommends students that they should explore external sources of funding from corporations and government agencies. Earlier, students have received such funding from UniCredit Foundation’s US PhD Scholarship and NSF Graduate Research Fellowship Program. The students can also request funding for their conference travel and research of up to $1,500 per academic year on an annual basis.

"First-year students are also provided with either a one-time $2,000 computer stipend (accounting students will receive a free high-end research-quality computer workstation or laptop instead). The Stevens Program also conducts a call for proposals twice a year. PhD students may apply for additional funding in support of a specific project that can be put towards data, fieldwork, etc," reads the official statement.

Chicago Booth School of Business provides various courses including MBA, Master in Finance, Master in Management, The Stevens Doctoral and Executive Education.

The school has a holistic approach to selecting candidates for MBA admissions. They consider GMAT scores, grades, background and experiences while assessing a student for admission.

Application Process of Chicago Booth School of Business

The applicants should follow these steps to apply for the business school:

• Applicants need to fill online application by registering and creating a username and password.
• While applying, the candidates need to submit responses to two questions including - How will a Booth MBA help you achieve your immediate and long-term post-MBA career goals? and An MBA is as much about personal growth as it is about professional development. In addition to sharing your experience and goals in terms of career, we’d like to learn more about you outside of the office. These questions need to be answered in a minimum of 250 words and no limit to the maximum words.
• Upload a professional resume and two letters of recommendation.

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