The PhD Programme is London Business School's investment in the future of management teaching and research. Expert faculty, partnership opportunities, leading-edge research methods and close supervision contribute to an outstanding study environment. The PhD at London Business School is a five year programme. In the first two years, students complete core and elective courses in their chosen subject and related areas. They then go on to present a thesis proposal in order to transfer from MPhil to PhD status. After a successful transfer, students have 18 months to complete a thesis – an original contribution to their chosen specialisation. Having successfully defended their thesis, and following the completion of any required amendments, they are awarded a London Business School PhD degree. Students work within the following seven subject areas: • Accounting • Economics • Finance • Management Science and Operations • Marketing • Organisational Behaviour • Strategy and Entrepreneurship All students offered a place on the Programme receive full funding, which includes a tuition fee waiver and a stipend guaranteed for five years, subject to satisfactory academic performance. For further details please visit our website You should hold an undergraduate degree in a relevant discipline, with a final grade in the top 10% of your graduating class. Most incoming students also hold a Masters degree. Please also submit a Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) score taken within the past five years. Successful applicants typically have a GMAT score above 690 or GRE quantitative and analytical scores above the 80th percentile. English language requirements Applicants whose first language is not English, or do not hold a degree from a university in an English-speaking country are required to submit a valid English language test score, you can verify if this is applicable here. Please submit your English language test score using the Additional Documents tool. The test report should be less than two years old at the time of the application.