Last updated February 20, 2020
As part of our series How to Fully Fund Your PhD, here is a list of universities that fully fund PhD students with an Entrepreneurship focus. PhDs in Business and Entrepreneurship open the door to many opportunities, leading to careers in academia, the business world, and prepare you to manage your own company.
“Full funding” is a financial aid package for full-time students that includes full tuition remission as well as an annual stipend or salary during the entire program, which is usually 3-6 years. Funding usually comes with the expectation that students will teach or complete research in their field of study. Not all universities fully-fund their doctoral students, which is why researching the financial aid offerings of many different programs, including small and lesser-known schools both in the U.S. and abroad, is essential.
The ProFellow database for graduate and doctoral study also spotlights external funding opportunities for graduate school, including dissertation research, fieldwork, language study, and summer work experiences.
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Bentley University (Waltham, MA): All Doctoral Fellows receive a full tuition scholarship and individual student health insurance. Fellowship packages typically range from $30,000-$36,000 per year. Funding is guaranteed for four years, with a fifth year contingent upon progress in the program.
Duke University Fuqua School of Business (Durham, NC): Fuqua offers fellowships to all doctoral students, including international students. This fellowship pays for tuition, a competitive stipend for living expenses, and single person health fees. The fellowship is renewable for up to five years of doctoral education, conditional on good academic standing in the program.
Erasmus Research Institute of Management (Rotterdam, Netherlands): Our PhD projects are fully funded and salaried positions. Starting monthly salary is € 2,325 in the first year, € 2,709 in the second year, € 2,835 in the third year, and € 2,972 in the fourth year (all mentioned figures are gross and fixed amounts).
Grenoble Ecole de Management, Ph.D. in Business Administration (Grenoble, France): Our experimental lab is equipped with state-of-the-art equipment, and the generous support provided for Ph.D. students’ attendance at conferences and doctoral consortia provide our students with the backing they need to succeed. Our doctoral students are fully funded, thanks to tuition waivers and assistantships.
IESE Business School University of Navarra (Pamplona, Spain): All admitted students will be fully financially supported. The financial support package includes the annual tuition fees of 30.000€ and a yearly stipend to cover living expenses of 16.695€. This aid is renewable upon satisfactory progress in the program for up to 5 years.
Imperial College Business School (London, United Kingdom): We offer a fully funded Doctoral programme at the Business School. This 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.
Koç University Graduate School of Business (Istanbul, Turkey): Tuition waiver (92.500 TL/year) plus 2,000 TL monthly stipend and free housing. The monthly stipend increases to 2,400 TL after the student passes the PhD qualifier. Free housing includes utilities other than telephone expenses. If the student would prefer other housing arrangements, a housing allowance of 750 TL/month will be added to the stipend. All students receive a laptop computer and private health insurance.
London Business School (London, United Kingdom): All students offered a place on the Ph.D. programme receive full funding, which includes a tuition fee waiver and a stipend guaranteed for five years.
MIT Sloan School of Management (Cambridge, MA): Students receive full academic year tuition plus a monthly stipend of $3,630 for each of 12 months per year (annual total of $43,560). Student medical insurance, a new laptop computer at the beginning of the first and fourth years, and a $4,500 conference travel budget is allocated over 5 years in the program.
Ohio State University Fisher College of Business (Columbus, OH): Entering doctoral students can receive a Graduate Assistant (GA) Fellowship that covers tuition, insurance and a monthly stipend. Students continuing in the doctoral program are eligible for reappointment based upon funding availability and the most recent annual and periodic student performance evaluations. It is normally expected that students who exhibit acceptable progress in the program will be given such support for a period of five academic years.
Rice University Jones Graduate School of Business (Houston, TX): Admitted students will be offered stipend support of $40,000 per fiscal year. This stipend is available for each year of full-time study, conditional on satisfactory progress in the doctoral program.
The University of Pittsburgh Katz Graduate School of Business (Pittsburgh, PA): The PhD Program provides a five-year financial aid package. Currently, the financial aid package includes a stipend of $27,590 and full tuition remission for five years and comprehensive health insurance to both domestic and international students.
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