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Funding Opportunities for Your Doctoral Degree


Financing Your PhD


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 of full-time studies. The 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. In addition, at INSEAD, they are granted a stipend to cover living expenses, substantial conference and research support, and international comprehensive 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. 

To view the latest funding, visit INSEAD Fellowship for incoming students, AY 2022-23

Why are we offering such generous funding? The school invests in its 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 be fully dedicated to their advancement in research at all times. 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 their studies.

On the other hand, visiting PhD students are not eligible for our scholarship and stipend and will be required to pay for any courses attended. 

External Funding


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. 

We select applicants for admission based on perceived academic potential and fit for the programme, not one’s ability to pay for the programme or receive supplemental funds. 



We require a 50 Euros application fee per application, which is payable online with major credit cards only. Bank transfer is not accepted. 

Applicants applying to two areas of specialisation pay for the fees twice. 

All admitted students, regardless of background and nationality, receive full funding for the first five years of PhD studies from INSEAD. The grant includes a tuition fee waiver, living allowance (i.e. living expenses and accommodation), research and conference budget support and health insurance coverage*.

*also covers spouse and children

INSEAD scholarships are available for the first five years of PhD study, and renewed annually contingent upon satisfactory progress in the programme.

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