Undertaking a PhD is a serious commitment, and involves careful financial planning at the time of application and for the duration of the program. Prices will almost inevitably rise and you must allow for this when planning your finances. Your costs will comprise both tuition fees and living costs.
Tuition fees are the annual charges payable to the College by all full or part-time students. They cover tuition, and the use of College facilities. They do not cover living expenses or the costs associated with field work, equipment, books or stationery. Students who take longer than twelve months following the completion of their research to write-up and submit their thesis also become liable to pay a writing-up fee.
Tuition fees are reviewed annually, usually in March/April of the previous academic year. For the purposes of your financial planning you should note that tuition fees increase each year.
If you are in doubt as to whether you will be classed as a Home/EU or Overseas student please consult the College’s Admissions and Recruitment Office at Mile End at an early stage:
Freephone (UK callers only) 0800 376 1800
Overseas callers +44 (0)20 7882 5533
See our Postgraduate tuition fees page for the most up to date information.
Self-funding a PhD at the School of Business and Management
The School of Business and Management accepts applications from candidates intending to self-fund their PhD studies. Students whose fees are not paid directly to the university via a third party organisation are classed as self-funded.
It should be noted that a high proportion of UK based postgraduate research (PhD) students are at least partially funded because the three to four year commitment can often not be made without supporting funding.
If you intend to fund yourself through your PhD studies, you will need to demonstrate that you fully understand the nature and size of the commitment you are undertaking. We will ask you to produce a realistic 3 year funding plan where you will need to provide details of funding sources (e.g. parents, partner, savings, etc).
In addition to fees, it is estimated that a London based full-time PhD student will need a minimum of £12,000 per year for living costs (depending on lifestyle). It should be noted that the School of Business and Management does not allow full-time PhD students to do paid work of more than 6 hours per week.
You may also be considering studying for a PhD part-time. Even with part-time study, it is equally important to recognise the commitment you are making in both money and time and to decide before you start whether you are able to make and sustain that commitment over a long period, usually 5-6 years. Otherwise you risk paying for a number of years part-time and then withdrawing from your studies. In the UK, there are many part-time PhD students, but there is some evidence that self-funded part-time students are less likely to complete their PhDs.