2026 Intake
September 2025
The INSEAD Fellowship
Unlike most graduate degrees in business, the PhD Programme is intensive and rigorous. We offer one of the most generous doctoral funding to ensure all candidates do not have to worry about fees associated with pursuing a doctoral degree.
All admitted students receive the INSEAD Fellowship for the first five years* (until the end of June of the fifth year) of full-time studies. The yearly funding includes a tuition fee waiver, a stipend, research and conference budget support, and health insurance coverage. Thus, they do not need to seek loans to pay tuition fees in France or Singapore or cover their living expenses, conference and research budget and health insurance coverage. This generous benefit is renewed annually contingent upon satisfactory progress in the programme and is given to all admitted students regardless of background, nationality or need.
Why does the school offer generous funding for its PhD students? INSEAD invests in its PhD students' development and training to become successful management professors. Funding their studies is a significant investment on the part of the school, and it is made possible by a group of generous donors. With such comprehensive support, we expect our students to always focus on their research training and advancement. As such, we strongly discourage working part-time during the programme, which is counterproductive to their development. Furthermore, with the tuition fee waiver and financial support, INSEAD PhD candidates are free from the financial burdens many graduate students face while pursuing their studies.
On the other hand, visiting PhD students are not eligible for our funding and must pay for any courses attended and related expenses.
*The funding covers five years of PhD studies until the end of the AY of the fifth year (i.e., the end of August). Annual support, i.e., tuition fee, stipend, research and conference budget, and health insurance coverage, regularly undergoes review. Newly admitted and current students must consult the PhD Programme Office for the latest updates. (Updated on 21 Aug 2024)
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Tuition Fee Waiver
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Tuition fees are waived for the first five years* of the programme - coursework fees for the first two years and dissertation fees for the next three years. Students do not have to take out loans to finance their PhD studies.
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Annual Stipend, Conference and Research Support
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PhD students receive substantial financial support (i.e., annual stipend, research and conference budget, and international health insurance coverage) in the first five years of doctoral studies.* There is no separate application to secure the funding.
Therefore, upon admission, students will be automatically offered five-year funding* and need not worry about any costs associated with postgraduate studies. The programme renews the funding* yearly, contingent upon the candidate's satisfactory progress.
The school provides this five-year scholarship* to all students, regardless of background, nationality, or need.
Research or teaching assistantships are not required in exchange for the scholarship, since assistantships are part of the curriculum and already included in the funding.
*The funding covers five years of PhD studies until the end of the AY of the fifth year (i.e., the end of August). Annual support, i.e., tuition fee, stipend, research and conference budget, and health insurance coverage, regularly undergoes review. Newly admitted and current students must consult the PhD Programme Office for the latest updates. (Updated on 21 Aug 2024)
PhD Funding
(for the first five years of PhD studies*)Europe Campus Asia Campus Annual Stipend 32,960 € S$ 57,680 Total Research and Conference Budget Support for the first five years
The total Includes a one-time top-up at the end of Year 3 (transitioning to Year 4)
Top-up: 5,000 € for Europe campus and S$ 10,080 for Asia Campus
15,300 € S$ 31, 092 Health Insurance Coverage Including spouses and children#
Including spouses and children#
#if any
*The funding covers five years of PhD studies until the end of the AY of the fifth year (i.e., the end of August). Annual support, i.e., tuition fee, stipend, research and conference budget, and health insurance coverage, regularly undergoes review. Newly admitted and current students must consult the PhD Programme Office for the latest updates. (Updated on 21 Aug 2024)
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Health Insurance Coverage
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Students also receive comprehensive international health insurance coverage, which includes spouses and children.
Once admitted to INSEAD, the programme will offer automatic annual funding,* regardless of background. Admitted students need not worry about the associated costs of pursuing doctoral studies. Kindly note that we renew the financing annually, contingent upon satisfactory progress in the programme.
*The funding covers five years of PhD studies until the end of the AY of the fifth year (i.e., the end of August). Annual support, i.e., tuition fee, stipend, research and conference budget, and health insurance coverage, regularly undergoes review. Newly admitted and current students must consult the PhD Programme Office for the latest updates. (Updated on 21 Aug 2024)
External Funding
PhD students are encouraged to seek external funding to increase overall financial benefit.
While INSEAD provides scholarships and stipends for those accepted to the programme, it is nonetheless always advisable to seek external funding for your studies to increase your overall financial benefit.
For example, if you were to receive a full scholarship from a non-INSEAD source, you would be able to receive additional funding from INSEAD to supplement your overall award. However, please note that having full funding from an external source does not increase your chances of admission.
Thus, we select applicants for admission based on perceived academic...
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Upcoming Events
Doctoral Programme
PhD Summer Camp - AI for Research in Organization Science
Doctoral Programme
PhD Opening Ceremony 2025
We are delighted to welcome our incoming cohort of doctoral students for AY 2025-26. The opening ceremony will take place simultaneously on our Europe and Asia Campuses. This event is by invitation only and is open to our incoming PhD students, community, faculty members, and staff.
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