Last updated January 28, 2021
As part of my series on How to Fully Fund Your PhD, I provide a list of universities that offer full funding for a PhD in Accounting. PhDs in Accounting are in high demand. This degree can prepare you for a career in academia, corporate accounting, legal work and financial regulation.
“Full funding” is a financial aid package for full time students that includes full tuition remission and an annual stipend or salary for the three to six-year duration of the student’s doctoral studies. Funding is typically offered in exchange for graduate teaching and research work that is complementary to your studies. Not all universities provide full funding to their doctoral students, which is why I recommend researching the financial aid offerings of all the potential PhD programs in your academic field, including small and lesser-known schools both in the U.S. and abroad.
You can also find several external fellowships in the ProFellow database for graduate and doctoral study, as well as dissertation research, field work, language study and summer work experience.
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Bentley University (Waltham, MA): All PhD students receive a full tuition scholarship and individual student health insurance. All fellowship packages include a stipend to assist with living expenses. Fellowships typically range from $30,000-$36,000 per year.
Imperial College Business School (London, United Kingdom): The fully funded Doctoral programme at the Business School includes a full tuition fee waiver (Home/EU or Overseas fees) plus a living stipend for up to five years through the Business School Graduate Teaching Assistant Scholarship.
Ohio State University, Fisher College of Business (Columbus, OH): All admitted students into any of the Fisher PhD programs are fully funded, including a stipend and tuition costs. The funding may come in the form of fellowships, research assistantships, teaching assistantships, supplemental grants, etc.
Rice University, Jones School of Graduate Business (Houston, TX): Full financial assistance and a stipend of $40,000 will be offered to each admitted student in the Ph.D. program in the form of a research assistantship, where the student must work as a research assistant for assigned faculty members.
University of Chicago, Booth School of Business (Chicago, IL): All qualified students who are admitted to the PhD program are awarded financial assistance consisting of a tuition grant, stipend support of $42,500 per year, health insurance (basic plan for a single student only), and a computer or computer subsidy.
University of Michigan, Ross School of Business (Ann Arbor, MI): Michigan Ross provides full funding to all students admitted to the doctoral program. Five years of funding are provided, which includes a full tuition waiver, health insurance, and a generous stipend package that combines both fellowship funding and a graduate assistantship.
University of Pennsylvania, Wharton School of Business (Philadelphia, PA): 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.
University of Southern California, Marshall School of Business (Los Angeles, CA): Accepted students receive a package that includes a full tuition waiver, generous stipend, individual health and dental insurance, and coverage of mandatory student health center fees. The total financial support provided is approximately $60-70K per year, depending on a student’s course-load.
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