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Top 9 Fully Funded Ph.D. Programs in Business in 2020

A fully funded Ph.D. program can put students at the forefront of the business field. Fellowships for doctoral degrees in business involve graduate assistantships during which students work closely with a faculty member and aide them in their research and writing projects. These students also receive a monthly allowance to assist in their living expenses individually or for their family. Each of these programs is offered from an incredibly prestigious American institution of higher education that provides only the best resources, amenities, and opportunities.

fully funded phd
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METHODOLOGY: This ranking was developed according to criteria previously established by the researcher/writers at OnlineSchoolsCenter.com. Stipulations for inclusion were as follows:

methodology
  • retention rates are at or above the national average of 72%;
  • faculty members represent working professionals who are experts in their fields and who can provide students with appropriate research assistantship opportunities;
  • fully funded tuition expenses;
  • and notability among journalistic and academic resources.

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UNIVERSITY OF PENNSYLVANIA

The Wharton School

Program Standouts:
The Wharton School is one of the most highly respected schools of business at any college or university in the United States that also offers all admitted states a full fellowship that covers tuition, health insurance, and a monthly stipend for living expenses for five years of study. The yearly fellowship is $39,370, not including amounts allocated for fees and insurance. All of the nine various concentrations and programs under the Business Ph.D. are included in the fellowship. Rigorous, full-time classroom studies occupy the first two years in The Wharton School, and the following three years involve more research-based experiences and projects.

The nine available concentrations at UPenn are supported by highly experienced faculty members and business partnerships that allow students to complete real-world undertakings that have an actual impact. Students leave the program as published experts who are ready to take on positions of higher responsibility and pay.

Campus Location: Philadelphia, PA

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400

Concentrations:

  • Accounting
  • Applied Economics
  • Ethics and Legal Studies
  • Finance
  • Health Care Management and Economics
  • Management
  • Marketing
  • Operations, Information, and Decisions
  • Statistics

Acceptance Rate: 10%

Retention Rate: 98%

Graduation Rate: 96%

LEARN MORE ABOUT THE UNIVERSITY OF PENNSYLVANIA’S FULLY FUNDED PH.D. IN BUSINESS PROGRAMS

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UNIVERSITY OF SOUTHERN CALIFORNIA

Marshall School of Business

Program Standouts:
According to the program website, the University of Southern California’s Ph.D. in Business is one of the most excellent degrees of its kind in the world, and those who apply are automatically considered for the full tuition fellowship that also includes a monthly stipend to cover living expenses, health and dental insurance, and coverage of various administrative and institutional fees. The Marshall School of Business gives its Ph.D. students full financial support for five years maximum, but, if need be, are also eligible for other awards after the five year period.

Each concentration involves high-tech research positions in which students are required to work with faculty members in projects that involve extensive use of skills in statistics, economics, computer science, communication and more! Graduates have an excellent area of finely tuned abilities in each of these areas as well as others.

Campus Location: Los Angeles, CA

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400

Concentrations:

  • Accounting
  • Finance
  • Data Sciences and Operations
  • Management and Organization
  • Marketing

Acceptance Rate: 18%

Retention Rate: 96%

Graduation Rate: 90.8%

LEARN MORE ABOUT THE UNIVERSITY OF SOUTHERN CALIFORNIA’S FULLY FUNDED PH.D. PROGRAM IN BUSINESS

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MASSACHUSETTS INSTITUTE OF TECHNOLOGY

Sloan School of Management

Program Standouts:
The Massachusetts Institute of Technology, better known as MIT, provides a Ph.D. in Technological Innovation, Entrepreneurship, and Strategic Management that involves the study of business and entrepreneurship on a technological level. All students in this program receive a scholarship that covers their entire tuition as well as a monthly stipend totaling $3,400. Students also receive health insurance, a new laptop computer under this extraordinary fellowship opportunity, and $4,500 as a conference travel budget! Funding may increase in future academic years, as well.

There are innumerable advantages to attending the Sloan School of Management our a Ph.D. in Business, such as the utilization of the MIT Entrepreneurship Center and the various programs, classes, workshops, and competitions that it funds yearly. Students engage in in-depth research projects that put them in the direct flow of business operations undertaken by MIT faculty members.

Campus Location: Cambridge, MA

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400

Concentrations:

  • Management Science
  • Behavioral and Policy Science
  • Economics, Finance, and Accounting

Acceptance Rate: 8%

Retention Rate: 98%

Graduation Rate: 91%

LEARN MORE ABOUT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY’S FULLY FUNDED PH.D. DEGREE IN BUSINESS

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FORDHAM UNIVERSITY

Gabelli School of Business

Program Standouts:
Fordham University’s Gabelli School of Business has a Ph.D. program with various business concentration options that are available with both full and partial funding options for students who qualify upon admission. Fordham University maintains relationships and partnerships with major businesses throughout New York City, and students work alongside faculty members who are actively engaged with some of these organizations. Students work closely with faculty members in other ways as well, such as in their research projects and the design of a culminating doctoral course.

Not only does this Ph.D. curriculum have numerous diverse and exciting options in business, but students also focus their degree in one of two interdisciplinary tracks: Capital Markets or Strategy and Decision-Making. Students exit this exceptional program and go on to become expert researchers or professors at impressive colleges and universities.

Campus Location: Bronx, NY

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400

Concentrations:

  • Accounting and Taxation
  • Communications and Media management
  • Finance and Business Economics
  • Information Systems
  • Law and Ethics
  • Leading People and Organizations
  • Marketing
  • Operations
  • Strategy and Statistics

Acceptance Rate: 48%

Retention Rate: 91%

Graduation Rate: 80%

LEARN MORE ABOUT FORDHAM UNIVERSITY’S FULL OR PARTIAL FUNDED PH.D. PROGRAMS IN BUSINESS

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BINGHAMTON UNIVERSITY

School of Management

Program Standouts:
Binghamton University’s School of Management provides a Ph.D. in Management with three concentration options that are fully funded through a research assistantship. Students receive full tuition and work one-on-one with a faculty member in their research projects, and may even work as co-authors in their publications. The Management curriculum emphasizes theory and research practices to train students for positions as instructors in public and private institutions of education.

Graduates from this excellent institution of higher education have gone on to work as professors in prestigious colleges and universities across the globe, from Rutgers University in New Jersey to Warwick University in the United Kingdom. The Management coursework is designed in a way that encourages students to study relevant topics alongside their doctoral studies. Some outside courses include those in economics, psychology, and sociology.

Campus Location: Binghamton, NY

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400

Concentrations:

  • Finance
  • Leadership and Organizational Science
  • Marketing

Acceptance Rate: 42%

Retention Rate: 92%

Graduation Rate: 81%

LEARN MORE ABOUT BINGHAMTON UNIVERSITY’S TUITION FREE PH.D. IN MANAGEMENT

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BENTLEY UNIVERSITY

McCallum Graduate School of Business

Program Standouts:
In Bentley University’s McCallum Graduate School of Business, Ph.D. in Business students can take advantage of either the Bentley Ph.D. Fellowship or the Rauch Doctoral Fellowship, both of which included about a $30,000 – 36,000 stipend. Depending on their academic standing, the fellowship is good for four years of doctoral coursework. Students will be research assistants for an assigned faculty member that is associated with their particular business specialization. Students have opportunities to travel to business conferences and workshops with their faculty mentors, as well!

The five concentration areas within the Ph.D. in Business program are thorough curricula that involve rigorous projects and coursework surrounding each specialization. The Management Concentration has numerous additional focus options such as Organizational Theory and Business Ethics. Students work in close proximity with professors and advisors to design the best fitting array of doctoral courses available to them.

Campus Location: Waltham, MA

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400

Concentrations:

  • Business Analytics
  • Information and Process Management
  • Information Systems
  • Management
  • Marketing

Acceptance Rate: 42%

Retention Rate: 94%

Graduation Rate: 88.2%

LEARN MORE ABOUT BENTLEY UNIVERSITY’S PH.D. IN BUSINESS FELLOWSHIP

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DUKE UNIVERSITY

Fuqua School of Business

Program Standouts:
Duke University—a cornerstone institution of higher education in the United States of America—provides a stipend to Ph.D. in Business Administration students that covers the first five years of their studies. This program is specifically intended to prepare students to work in teaching and research positions upon completing their degree. Individuals in this program work alongside faculty members in the roles fo both teacher and research assistant. Students are guaranteed to develop strong abilities in research methodology and communication in the Fuqua School of Business.

This prestigious school has some of the best graduation and retention statistics of any college or university in the country, which indicate the profound satisfaction of its students. The Ph.D. in Management program provides exciting concentration options that are offered at very few other schools, such as the Decision Strategies specialization.

Campus Location: Durham, NC

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400

Concentrations:

  • Accounting
  • Decision Sciences
  • Finance
  • Management and Organizations
  • Marketing
  • Operations Management
  • Strategy

Acceptance Rate: 11%

Retention Rate: 97%

Graduation Rate: 95%

LEARN MORE ABOUT DUKE UNIVERSITY’S FULLY FUNDED PH.D. IN BUSINESS ADMINISTRATION DEGREE

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RICE UNIVERSITY

Jones Graduate School of Business

Program Standouts:
Financial assistance is granted in full to all Ph.D. in Business students at Rice University through a research assistantship wherein they will work closely with faculty members in their business research for twenty hours each week. Students must maintain acceptable progress throughout the assistantship in order to keep their funding, which is assessed by both the presiding faculty member and the administration. Funding of $40,000 is awarded for each year that students stay in the program full-time. Students in this assistantships are also given a laptop with relevant business software, access to library reserves, and $1,000 for expenses.

There are four concentration options available for Ph.D. students, all of which are covered by the assistantship. Each student is deeply involved with a faculty member in assisting their research projects and is also fully engaged in the outstanding opportunities in the coursework, as well. Students will complete interviews for teaching positions at the end of their program that could result in lucrative employment opportunities.

Campus Location: Houston, TX

Accreditation:

  • Higher Learning Commission
    230 South LaSalle Street, Suite 7-500
    Chicago, Illinois, 60614-1413
    www.hlcommission.org, (800) 621-7400
  • Association to Advance Collegiate Schools of Business

Concentrations:

  • Accounting
  • Finance
  • Marketing
  • Strategic Management

Acceptance Rate: 16%

Retention Rate: 96%

Graduation Rate: 91.5%

LEARN MORE ABOUT RICE UNIVERSITY’S FULLY FUNDED BUSINESS PH.D.

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STANFORD UNIVERSITY

Stanford Graduate School of Business

Program Standouts:
The Stanford Graduate School of Business is an incredibly well-respected American institution of higher education that provides Ph.D. in Business students the opportunity to earn a fully-funded degree through the Knight-Hennessy Scholarship program. This financial award of $43,400 includes tuition and living expenses, health coverage, and assistantship/research opportunities. Students who are recieve the scholarship are required to adhere to a specific set of guidelines provided by the Stanford Office of Graduate Admissions. Some individuals will be eligible for supplemental income if they work as teachers or tutors throughout their degree.

The Ph.D. in Business program itself is expansive, in-depth, and has seven unique concentration options that take students in vastly different avenues within the field of business. Students will be actively engaged with their professors on many research and classroom-based levels and will exit the program with fabulous networking connections.

Campus Location: Stanford, CA

Accreditation:

  • Western Association of Schools and Colleges
  • Association to Advance Collegiate Schools of Business

Concentrations:

  • Accounting
  • Economic Analysis and Policy
  • Finance
  • Marketing
  • Operations, Information, and Technology
  • Organizational Behavior
  • Political Economics

Acceptance Rate: 6.1%

Retention Rate: 98%

Graduation Rate: 68.7%

LEARN MORE ABOUT STANFORD UNIVERSITY’S FULLY FUNDED PH.D. IN BUSINESS

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business phd

Individuals who apply to any one of these programs fall into a pool of applicants for the fellowship, scholarship, or assistantship that provides full tuition plus expenses. These are highly competitive programs, so applicants should cast a wide net when completing applications and understand that there are many others with whom they are competing. Once chosen, fully funded Ph.D. students are involved in projects and coursework that massively enhance their connections and abilities in business. Find a perfect match at one of these ten outstanding colleges and universities provided by OnlineSchoolsCenter.com!

Frequently Asked Questions

faqs
How are these programs fully funded?
fully funded phd

These programs are available with full funding due to the generous donations and contributions made by grants, alumni, and local businesses and organizations. Students contribute their time and energy through assistantships and fellowships by working with faculty members in support of their research projects and publications. Some of the awards from these ten schools only cover tuition costs and fees, and students are then responsible for their living expenses or will have to seek out additional scholarships and grants.

What do I have to do to get the scholarship?
fully funded phd

In almost every case, all you have to do to get the fellowship or assistantship is apply to the program! Upon applying, students are automatically considered for full tuition coverage. After being admitted, funds will be allocated to the student and, in many instances, will be set up with a monthly allowance that they can use for rent and other necessities. These students must adhere to specific rules and policies set forth by the school that will be outlined to them after being accepted. Students will always have to maintain a satisfactory grade point average in order to keep their scholarship.

Do I have to complete an assistantship?
fully funded phd

Yes. Students who receive full funding from one of these ten schools will have to complete a teaching or research assistantship wherein they work with a faculty member in their professional and scholarly pursuits, which would mostly involve the writing of research papers and dissertations. These assistantships typically require about 20 hours of work per week on the part of the Ph.D. student. In the case of teaching assistantships, students will often work as tutors, be available for office hours, or will actually teach classes themselves.

Physical Address

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Dorchester Center, MA 02124