Funding and scholarships

Funding your PhD

We offer a fully-funded Doctoral programme at the Business School. This includes a full tuition fee waiver (Home/EU or Overseas fees) plus a living stipend for up to five years through the Business School Graduate Teaching Assistant Scholarship. Funding for a sixth year can be considered on a case-by-case basis, with the potential to undertake a teaching or research assistant studentship with one of the Business School's research centres.

Some of our scholarship funding comes from EPSRC and ESRC for candidates who meet Research Councils UK’s academic and residential eligibility conditions. During the MRes you will have a discussion with our team to find out whether you are eligible to move onto any of these awards.

MSc students on campus

Imperial College London President’s PhD Scholarship

As a PhD applicant, there is the opportunity to apply for the prestigious Imperial College London President’s PhD Scholarship which offers additional funding such as a consumables fund of £2,000 per annum.

If you are successful in receiving a President’s PhD Scholarship or research council funding then this will replace your Business School Graduate Teaching Assistant Scholarship for the duration of your studies.

All scholarships and awards are contingent on continuing satisfactory academic progress.

Student smiling on campus

Visiting PhD Scholarship for Black Heritage Students

This scholarship aims to improve access and opportunity for Black heritage, Black Caribbean, and Black African students at Imperial College Business School through the visiting PhD student route. It aims to provide financial support to outstanding students and helps to remove potential barriers to studying at Imperial and working with our faculty.

PhD-level students will normally study with Imperial College Business School for an initial period of three months, and will not be awarded a degree nor credits by Imperial.

Funding will be provided to finance the applicant's travel costs, visa application fees, and accommodation (to be confirmed pre-application).

Additional support

The Business School offers students financial support to help enable them to present their work at international conferences or attend specialist external training that is relevant to their thesis work.

Accommodation and living cost

The cost of living in London varies widely. For more information, please see our guide to living costs.

Imperial College offers accommodation options for our postgraduate students. If you decide to seek private accommodation, a popular option with our students, the College can also help by providing you with advice and guidance for renting privately in London. See the accommodation website for more details.

What our students say

“A combination of excellent supervisors, generous funding, and perfect school location makes the Doctoral programme at Imperial College Business School an ideal choice for me and others interested in academic careers.”
Jingyu Zhang
Doctoral student, Department of Finance
Read our student profiles

Frequently asked questions

We offer a fully funded Doctoral programme at Imperial College Business School – this includes a tuition fee waiver and a stipend for up to five years. The 2024-25 rate of the Graduate Teaching Assistant scholarship stipend is £25,000. Rates are reviewed annually and are expected to increase for 2025-26 in line with Research Council UK rates. Stipends are tax-free and the continuation of the stipend will depend on your satisfactory progress on the programme.


The scheme is open to both Home and Overseas students currently enrolled on a PhD programme at another institution who identify as:

  • Black British
  • Black Caribbean
  • Black African
  • Mixed heritage – Black and other background
  • Other Black background

Applications will be assessed on merit and academic trajectory as well as current access to grants/bursaries.

How to apply

You are encouraged to familiarise yourself with our academic areas and contact a potential supervisor before submitting a formal application. You must also agree on a study plan with your potential supervisor before applying.

You will then contact our Programme Director Nikki Hann, who will support you with submitting a formal application through the Imperial College London admissions system. Formal admissions decisions can only be made after the application has been processed by the College Registry and the Business School. There is no application deadline for students wishing to commence a study period at other times, although students are encouraged to apply at least 4 to 6 months in advance of a proposed start date especially if they require a visa to enter the UK to undertake their study period.

Please read the Student Route Visa webpage to determine if you need a visa to study in the UK. The GOV.UK webpage on visa fees will help you determine the costs.

Support provision

We aim to provide visiting PhD students with a well-rounded student experience when they join us. You will be supported by your supervisor and an independent mentor from the Business School. We also provide a range of support networks for Black heritage students across the Business School and the wider Imperial including:

  • Imperial As One: the Race Equality Network for staff and postgraduate students. They act as an advisory group helping to set priorities and advising the College on how to support and promote an inclusive workplace and culture of respect, opportunity, unity, transparency, and equality.
  • The African Caribbean Society welcomes people of any and every background; open to anyone of African, or Caribbean heritage, or interested in celebrating African and Caribbean culture.
  • As part of Imperial’s Enterprise Lab, Imperial BE supports Black entrepreneurship, Black Enterprise, and Black excellence through panel events, workshops, and masterclasses.