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Financing your PhD

All students admitted to Cambridge Judge Business School's PhD programme receive three years of full funding (including university fees and a maintenance stipend) as well as a fourth year of funding that is conditional on progress.

In addition, all students who enter the PhD via the MRes route will also receive full funding for their MRes year.

PhD and MRes applicants must apply for any and all funding for which they are eligible. This includes funding from the Cambridge Trust, college funding, Gates Cambridge Scholarships and any external sources of funding.

At the point of the PhD or MRes admission offer (February), some eligible applicants will be awarded an ESRC scholarship.

With all offers, we guarantee that any shortfall in funding from the University or other sources will be covered by a CJBS scholarship. In addition to making up the shortfall, CJBS also increases the maintenance stipend for all PhD students to the level of a research council stipend (for the 2017/18 academic year, this is £14,553 per annum). We also award bursaries over and above the value of the maintenance stipend in the form of:

  • CJBS Director's Scholarships, which are awarded to the best two applicants and are worth £1,000 per annum for three years
  • research bursaries for students who successfully secure external funding, worth £500 per annum for three years

You may supplement your maintenance funding by doing paid work within the department (e.g. supervision and teaching assistance). Some students may be offered work as research assistants with a supervisor for the period between the MPhil and PhD programmes or for short periods in the summer.

In the fourth year of the PhD programme, no fees are payable, and we offer full maintenance funding to all students who have received a 'revise and resubmit' invitation from a top-tier journal in their placement discipline or can demonstrate equivalent progress towards placement at a top university. Other sources of funding for the fourth year include research and teaching assistantships.

Generous funding is available for conference travel, academic workshops and other research expenses.

Find out more about scholarships & bursaries

Explanation of fees at Cambridge

Graduate students at Cambridge are expected to meet the following costs:

  • The University Composition Fee, which covers the teaching and supervision you will receive from Cambridge Judge Business School as well as college membership. This is payable for nine months of the masters and for three years of your PhD; in the PhD fourth year, no fees are payable.
  • Maintenance, which is an estimate of your likely basic living expenses and personal costs, including accommodation. The University sets a minimum annual maintenance figure. You must have this sum available in order to cover your living expenses for nine months of the masters and in years one to four of the PhD programme.

These costs vary depending on whether you are a Home/EU or international student. Visit the Graduate Admissions website to find out more.

In years two to four of the PhD programme you should be prepared for maintenance costs to increase, reflecting rising inflation (note that fees are not applicable in your fourth year).

This page applies to students who have begun their MPhil or MRes year and are applying to continue on to the PhD.