Stanford University based in Stanford, California offers a fully funded PhD in Business. Stanford GSB PhD students will focus their academic experiences on one of seven distinct fields of study: Accounting, Economic Analysis & Policy, Finance, Marketing, Operations, Information & Technology, Organizational Behavior, and Political Economics. All incoming doctoral students are provided with financial aid for five years, provided they maintain satisfactory academic progress and meet program milestones. The fellowship stipend and/or research or teaching assistantship for 2021–22 is $47,000.