ForumWhiner Posted January 24, 2017 Share Posted January 24, 2017 Hi all, I have a question regarding PhD stipends. I see that many US programs (at least at places I've applied) provide fellowship/assistance for only four years of the program. Given that 6-year time period to graduation is becoming the norm in many schools, I was wondering how do students finance themselves? Thank you. Quote Link to comment Share on other sites More sharing options...
PobleNou Posted January 24, 2017 Share Posted January 24, 2017 When I spoke to a current student at one of the schools where I have applied (they also fund four years), he had mentioned that finishing in five years is standard there. And provided you are working on dissertation, they fund for fifth year as well. Hi all, I have a question regarding PhD stipends. I see that many US programs (at least at places I've applied) provide fellowship/assistance for only four years of the program. Given that 6-year time period to graduation is becoming the norm in many schools, I was wondering how do students finance themselves? Thank you. Quote Link to comment Share on other sites More sharing options...
Silviatx Posted January 25, 2017 Share Posted January 25, 2017 4-5 years is standard from what I have heard. Some schools will push you through in 4, others state their program takes 5 years to complete. I have heard that anything that goes beyond 5 years is on the student.... meaning the student is responsible for not finishing "on time" and therefore has to support himself financially. Quote Link to comment Share on other sites More sharing options...
XanthusARES Posted January 25, 2017 Share Posted January 25, 2017 I would say that for marketing 5 years is the standard at this point. I know a lot of people who went for 6, but the majority is 5 (and I think there will be a push in the near term for a 5 year standard). As far as funding goes, most programs will fund you through 5 unless otherwise stated. 6 gets a little sketchy, but generally the people I know who stayed for 6 were able to find funding, although it was through alternative forms than the normal PhD stipends (i.e. they had to teach a few classes their last semester). Don't worry about this at this point. If the school wants you to stay for 5 (and honestly the people I know who stayed for 6 did so because the school wanted them to) they'll find funding for you. They almost always find funding for 5 (for example I plan to graduate in 5 and am not concerned in the least about funding even though my offer letter stated it was only guaranteed for 4). Quote Link to comment Share on other sites More sharing options...
Silviatx Posted January 25, 2017 Share Posted January 25, 2017 How far along are you Xanthus? Quote Link to comment Share on other sites More sharing options...
YaSvoboden Posted January 25, 2017 Share Posted January 25, 2017 This is a good question for students at individual programs. My observations have been pretty much identical to Xanthu's. Quote Link to comment Share on other sites More sharing options...
XanthusARES Posted January 25, 2017 Share Posted January 25, 2017 Third year and have an eye to that sweet sweet Dr. Ares end of the road. Or beginning of the road, however you want to see it. Quote Link to comment Share on other sites More sharing options...
ForumWhiner Posted January 25, 2017 Author Share Posted January 25, 2017 I was under the impression that 5 year is the norm, but when I look at finance job market candidates at few US schools (UCLA Anderson for example), I see that many of them entered the program in 2011 and are graduating in 2017. Thank you very much for your responses. That was helpful! Quote Link to comment Share on other sites More sharing options...
sb29 Posted January 26, 2017 Share Posted January 26, 2017 For marketing, if you see the WWW survey, most people go on the market at the end of 4 years and graduate in 5 yrs. Schools generally want to place their students well and they find some sort of funding for you. I was funded by a research center and had to work for them for 7 hrs/week. Quote Link to comment Share on other sites More sharing options...
TraderJoe Posted January 30, 2017 Share Posted January 30, 2017 Third year and have an eye to that sweet sweet Dr. Ares end of the road. Or beginning of the road, however you want to see it. Ah well. After sometime, you will find out that the Dr. thing doesn't mean much. The only thing that matters is whether you get your six A pubs by the time you apply for tenure. Quote Link to comment Share on other sites More sharing options...
XanthusARES Posted January 30, 2017 Share Posted January 30, 2017 Ah well. After sometime, you will find out that the Dr. thing doesn't mean much. The only thing that matters is whether you get your six A pubs by the time you apply for tenure. The one thing that I have learned from this program and lifestyle is that there is never an end. You take your final exams and instead of getting to catch your breath you have to hit research. Then you pass comps, but you start thinking about your proposal, then the market, then tenure, then full professor. From everything I've heard and seen the only relief comes once you retire (only partially kidding). Let me be clear, I'm not complaining about it, but I do wish I could have understood that more before I started, you know? Like undergrad had tons of breaks from work and stress. The 10 years in industry I spent was filled with nice breaks away from work and stress. There is literally no end to it on this path. Which is why I'm quick to celebrate all of the little wins, because it's really easy to be so focused on the long term that you forget all of the little things that got you to this point. Quote Link to comment Share on other sites More sharing options...
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