Ph.D. Program Guidebook - The University of Chicago Booth School ...

Ph.D. Program Guidebook 2007-2008
CHAPTER 12 – FINANCIAL ASSISTANCE
Various kinds of financial assistance are offered to students in the Ph.D. Program. Except for
the guaranteed TAships, all assistance is given without any work requirement attached.
Students are permitted to work at part-time jobs of their own choosing to supplement their
income (although international students need to work with OIA to determine what is
authorized and to get any necessary authorizations and are subject to the CPT restrictions
outlined in Chapter 11). All forms of assistance are merit-based and are contingent on
continued satisfactory progress.
TUITION GRANTS
Full tuition support is available for five years of full-time study, conditional on satisfactory
progress in the Program. 3 Students remaining in the Program beyond five years will be
assessed full tuition.
STIPENDS
It is the policy of the Ph.D. Program that students offered stipend support upon admission to
the Program will continue to receive it for four years of full-time study provided they
continue to make satisfactory academic progress. Students admitted without stipend support
in the first year may apply for it in subsequent years; however, the chances of receiving any
such support are quite small. Students may apply for 5 th year stipend support.
1 ST YEAR SUMMER RESEARCH AWARDS
Ph.D. Program: The Ph.D. Program supports summer research for qualified first year Ph.D.
students. A student who has successfully completed three quarters of a full schedule of
courses, with a minimum grade point average of “B”, may work under the supervision of a
GSB faculty member with support from the Ph.D. Program. The student must be in
residence and work during the student’s first summer in the Program. The paper must be
completed and submitted before the first day of the autumn quarter of the student’s second
year. The amount of support available to a student from the Ph.D. Program is $5,000. If it is
approved, the student will receive a grant of $5,000 before the end of the autumn quarter. A
student may also choose to work as a junior co-author with a faculty member on a paper.
CRSP Awards: Finance students wishing to write an optional research paper during the
summer following their first year in the Program may apply for a grant to the Center for
Research in Security Prices (CRSP). Prerequisites are completion of any two of courses
B35901, B35902, B35903, B35904, B35905, B35906, or B35907 with a minimum grade of
B in each course. Two types of projects are possible:
1. Original Research: Submit an original paper to the Ph.D. Office by the first day of
autumn quarter of the second year. If the paper is an extension of one written for a
course, the extension must be substantial and the original paper must be submitted
with the CRSP research paper.
2. Junior Co-authorship: Work as a junior co-author with a finance faculty member.
The student must be signed on as a junior co-author by a faculty member before the
summer quarter of the student’s first year in the Program. See Chapter 5 of this
Guidebook for details about co-authorship.
3 As mentioned earlier, students in the Ph.D. /J.D. Program are eligible for six years of tuition support.
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