All School of Management PhD students are fully funded from year one through fee remission, a stipend, and partial health insurance for up to five years of study.
Students also have access to professional development grants to help fund conference travel and related expenses.
All Krannert PhD Students
Up to five years of study
Funding is about more than the amount provided to off-set income during your time in a PhD program. Prospective PhD students must also consider the cost of living for the institution area. Compare the Greater Lafayette, Indiana, area to that of some of the major metropolitan areas in the U.S.:
|NYC||San Francisco||Boston||Los Angeles||Chicago|
|Cost of Living||161% higher||99% higher||57% higher||53% higher||26% higher|
|Median Rent||5x higher||3x higher||2x higher||2x higher||1x higher|
*Cost of living based on minimum stipend amount. Source: Payscale.com
PhD students will have their tuition paid for five years beginning year 1, conditional on satisfactory progress in the program.
A minimum $25,000 stipend per year is provided by the Graduate School of Management for living expenses.
Partial student health insurance premium is covered. Minimal fees remain as financial responsibility to the student.
In addition to the standard funding package, each department can supplement a student’s funding at their discretion.
PhD students receive $2,100 in grant funding to use at their discretion over the five-year time in program to support conference attendance and travel.
The Purdue Graduate School offers various funding through recruitment, student direct apply, faculty nominated, and dissertation fellowships . There is no additional application for fellowship consideration. All submitted applications are reviewed for consideration.
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