The University of Pennsylvania, Wharton School of Business based in Philadelphia, PA offers a fully funded PhD in Accounting. The Accounting PhD program trains students to do rigorous research in accounting, a specialized area of financial economics. The program is highly analytical and quantitative. All admitted Wharton doctoral students receive a fellowship that covers the cost of tuition and health insurance and provides a stipend. It is expected that a similar level of financial aid may be awarded for up to 5 years. All financial aid awards are contingent upon a student’s satisfactory academic progress.