During your third and fourth years in the Stevens Program, you'll also have the opportunity to work as a teaching assistant.
All PhD students receive full tuition support for five to six years of full-time study, conditional on satisfactory progress in the program.
All PhD students also receive stipend support for five to six years of full-time study, conditional on satisfactory academic progress. For students who entered the Stevens Doctoral Program in Fall 2025, the awarded funding package is $55,000 per year (guaranteed through years 1-5), with funding available for a 6th year if needed. In addition, we cover student-only premiums for the university鈥檚 student health insurance plan, as well as the Graduate Student Services Fee.
During your third and fourth years in the Stevens Program, you have the opportunity to work as a teaching assistant. First and second year students generally don't TA so they can devote all of their energy to their studies.
You may also work as a research assistant at any time during the Stevens Program to gain additional research experience.
As a PhD student, you may request funding (up to $3,000 per academic year) for research and conference travel on an annual basis. You may also apply to the Stevens Program or to Booth鈥檚 research centers for additional funding for larger research projects.
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.
We encourage you to explore external sources of funding such as government agencies and corporations. For example, current Booth PhD students have received external funding from the and from the .
The chart below provides an estimate of the nine-month cost for a single student to attend the Stevens Program. Costs vary depending on individual circumstances.
91吃瓜网’s generous funding for students more than covers the cost of attendance—even when the cost of attendance is extended to 12 months.
2024–25 Estimated Cost of Attendance
| Years 1-5 (Nine Months) |
Years 1-5 (Twelve Months) | |
|---|---|---|
| Tuition | $75,780 (Three quarters, covered by Stevens Program) | $75,780 (Three quarters, covered by Stevens Program) |
| Student Services Fee | $1,452 (Three quarters, covered by Stevens Program) | $1,452 (Three quarters, covered by Stevens Program) |
| Lifetime Credentials Fee | $78 (One time, covered by Stevens Program) | $78 (One time, covered by Stevens Program) |
| Health Insurance (Basic) | $4,998 (covered by Stevens Program) | $4,998 (covered by Stevens Program) |
| Books and Course Materials |
$549 | $549 |
| Housing and Food | $26,010 ($2,890 per month) | $34,680 ($2,890 per month) |
| Misc. Personal Expenses |
$7,250 | $9,672 |
| Transportation | $1,800 | $2,400 |
| Total | $117,917 | $129,609 |
| Out of Pocket Expenses | $35,609* | $47,301* |
| *PhD Stipend can be used to cover out of pocket expenses |
If you still have questions after reviewing our doctorate in business FAQ, please contact us. We look forward to hearing from you!
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