The University of Chicago | Graduate Admissions

Chicago Booth - PhD

Division: Chicago Booth
Degree Type: PhD

Program Description

Chicago Booth's PhD Program in business‑the first established in the United States‑trains prospective scholars to become highly skilled and innovative researchers. Most go on to become faculty members at premier academic institutions throughout the world. Chicago Booth's PhD Program is a full-time course of study. Most students take five years to complete degree requirements and defend their dissertation. Students begin active research at an early stage and work closely with faculty throughout the program. They are also quickly drawn into the school's intellectual environment by participating in workshops, where the work of fellow researchers is vigorously discussed and debated. As with most of the Chicago degree programs, the PhD curriculum is highly flexible. Within the scope of general requirements, students can design programs to suit their individual research interests and educational backgrounds. Chicago Booth (and the University more generally) is fortunate to have some of the world's most prominent researchers in economics, finance, and other related disciplines, including a number of Nobel Prize winners.

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Specific Areas of Focus

  • Accounting
  • Econometrics and Statistics
  • Economics
  • Finance
  • Management Science/Operations Management
  • Managerial and Organizational Behavior
  • Marketing
  • Organizations and Markets

Joint Programs

  • Joint Program in Financial Economics
  • Joint Program in Business and Psychology


Application Method

Applications should be initiated through the online application. Paper applications are not accepted.


Deadline for admissions and financial aid: January 1

Campus Visits

Campus visits and interviews are not required. Contact the department for more information.

Degree Objective

A PhD in Business.

Application Requirements

    1. Online Application for admission
    2. Non-refundable application fee
    3. Official GRE or GMAT scores (depending upon the dissertation area you are applying to)
    4. Official TOEFL/IELTS scores (international applicants only)
    5. Transcripts from all institutions attended after high school (scanned copies are acceptable for the purposes of the application)
    6. Two Letters of reference
    7. Resume
    8. Essays
    9. Optional writing sample (10-page limit)

Admissions Decisions

Admissions decisions are emailed by early March. 

Program Requirements

To complete the PhD program, students must select a dissertation area from one of the following disciplines in business:

  1. Accounting
  2. Econometrics and Statistics
  3. Economics
  4. Finance
  5. Management Science/Operations Management
  6. Managerial and Organizational Behavior
  7. Marketing
  8. Organizations and Markets

The student will also select a support area, and must complete successfully the general examination requirements in both areas. Additional coursework may include a coordinated sequence of three courses that are not in the dissertation or support area.

Doctoral students must also:

  1. Participate in a dissertation area workshop during the second and third program years
  2. Write and present an original paper at a curriculum paper workshop
  3. Propose and conduct a piece of original research for the dissertation
  4. Defend the dissertation

Costs & Financial Aid

Estimated cost: $76,773.

All students who are admitted to the PhD Program are automatically considered for financial assistance consisting of a tuition grant, stipend support, and health insurance. Financial assistance is granted on the basis of the student's potential for scholarship and creative research.

Full tuition support is available for five years of full-time study, conditional on satisfactory progress in the program. Students who are offered stipend support with admission to the program will continue to receive stipend support for four years of full-time study. In the fifth year, students may apply for fifth-year funding; this is awarded based on their progress in the program.

The PhD Program imposes no work requirements during the first and second years so that student can devote all their energies to their studies. During the third and fourth years in the program, students are guaranteed the opportunity to serve as a teaching assistant.