Gies College of Business
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PhD in Finance - Financial Assistance

Home Academics Doctoral Programs PhD in Finance PhD in Finance - Financial Assistance

Admitted students receive a 5-year funding package which includes a tuition waiver and an annual living expense stipend of about $37,000 per year. 

$37,000Estimated Annual Living Stipend

This funding is conditional on making satisfactory academic progress and fulfilling their obligations as a research assistant (RA) or a teaching assistant (TA). Partial funding for the 6th year is subject to availability and will be provided only if the student has made sufficient progress to graduate from the PhD program by the end of the academic year.

Additional Benefits

Each student will be provided with office workspace and a one-time technology grant of $1,000, as well as library and academic journals access.

Students may request reimbursement for approved research expenses, including conference travel and conference or journal submission fees, up to $1,500 per academic year for first- and second-year students and up to $2,500 per academic year for third- through fifth-year students. Reimbursement is subject to advance approval and available program funds. Sixth-year students are not guaranteed research-expense or travel funding, though support may be approved if funds are available. Additional travel grants may be available from the Graduate College. Gies College of Business also awards merit-based scholarships and fellowships that may be used for travel expenses.

Research and Teaching Requirements

Typically, first, second, fourth, and fifth-year students are assigned as 20-hour per week RAs. Third-year students serve as TAs to fulfill the program requirement that they obtain teaching experience. Note that prior to an appointment as a teaching assistant, a student must meet English language proficiency requirements (including providing a TOEFL score) and attend instructional training required by the Graduate College.

Reichard Real Estate Academy guests talking after meeting

Additional Fellowship and Scholarship Opportunities

Richard A. Erley Fellowship
Criteria: Academic excellence, high ethical standards, and hard work

Joseph and Ouida Wald Zwisler Summer Doctoral Fellowship
Criteria: Outstanding research potential

Robert Ferber Award
Criteria: Support for promising research

Additional opportunities may be available.

Gies College of Business
515 East Gregory Drive
Champaign, IL 61820
Phone: 217-300-7327