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        We want to demonstrate our commitment to your privacy. In support of the changes to the EU data protection law, we’ve updated our privacy notice effective May 25, 2018.

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        All PhD students also receive stipend support for five years of full-time study, conditional on satisfactory academic progress. For students who entered the program in fall 2019, the Chicago Booth PhD stipend is $42,500 per year. In addition, we cover student-only premiums for the university’s student health insurance plan.

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        As a PhD student, you may request funding (up to $1,250 per academic year) for research and conference travel on an annual basis. You may also apply to the PhD Program or to Booth’s research centers for additional funding for larger research projects.

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        The chart below provides an estimate of the nine-month cost for a single student to attend the PhD Program. Costs vary depending on individual circumstances.

        Chicago Booth’s generous funding for students more than covers the cost of attendance—even when the cost of attendance is extended to 12 months.

        2019–20 Estimated Cost of Attendance for Three Quarters (Nine Months)

        Years 1-4 Year 5+
        Tuition $64,800 (Three quarters) $32,400 (Three quarters)
        Student Life Fee $1,248 (Three quarters) $1,248 (Three quarters)
        Lifetime Credentials Fee $75 (First year, one time only, charged in fall) N/A
        Health Insurance (Basic) $4,566 $4,566
        Books $684 N/A
        Room/Board $22,185 ($2,465 per month) $22,185 ($2,465 per month)
        Personal $2,286 $2,286
        Transportation $1,944 $1,944
        Total $97,788 $64,629

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