Coronavirus Updates

Applicants to the Stevens Program must hold a four-year bachelor’s degree from an accredited university (or expect to receive one by the time they enter the program).

Non-US residents should consult the International Applicants page to learn more about eligibility requirements. Chicago Booth prides itself on a fair and impartial selection process. To find out more, read the Nondiscrimination Statement.

Admissions Timeline

The Stevens Program matriculates new students once a year, in the Autumn Quarter. The application deadline is December 15, and applicants are notified of their admissions decision by email. Generally speaking, all applicants should have their decisions by early March. Reviews in each area will begin at different times, after the December 15 deadline, which will impact the timing of the release of admissions decisions for each area. 

The application for Fall 2024 is open. Start your application here.

Application Checklist

To apply, please submit the following.

  • Application for admission. Our application typically opens in September and is available through December 15.
  • Nonrefundable application fee ($80). If you're interested in applying for a fee waiver, please see below for eligibility requirements and instructions.
  • Official GMAT or GRE scores: The GRE or GMAT is required of every applicant for admission to the Stevens Program in Fall 2024.

    Please see below for area-specific score requirements:
    • Economics: GRE is required.
    • Finance: GRE is strongly preferred
    • Joint Program in Financial Economics: GRE is required
    • Joint Program in Psychology and Business: GRE is preferred.

    Scores should be sent directly to the Chicago Booth Stevens Doctoral Program by listing the institutional codes below when taking the exam:

    • GMAT: H9X-9F-05
    • GRE: 1501
    • TOEFL (if applicable): 1819
    • IELTS (if applicable): send TRF number to

    It is the responsibility of all applicants to ensure that test scores are submitted to the Stevens Doctoral Program by December 15. To meet the application deadline, we recommend that you take the required test by early October.

    GMAT and GRE scores are valid for five years. Prior coursework or degrees at the graduate level (e.g., MBA or master’s degrees) do not exempt applicants from submitting the GRE/GMAT as part of their application.

  • Official TOEFL/IELTS scores (international applicants only)
  • Transcripts from all institutions attended after high school
  • Two letters of recommendation
  • Resume/CV
  • Essays (topics available in the application)
  • Optional writing sample

If your application is not submitted by the application deadline, it will not be considered for admission.

Application Fee: Waiver Eligibility Requirements and Instructions

Upon submission of an application, applicants will be prompted to pay the $80 processing fee. Some applicants may be eligible to receive an application fee waiver. In order to request a waiver, please review the five categories below to determine if you meet the eligibility criteria. Note that you'll only be able to submit a waiver request within the application. You'll upload the supplementary documentation there as well. Please make sure to wait until you've received a determination before paying the application fee. Application fees are non-refundable, regardless if you're later determined to be eligible for a waiver or not.

Fee Waiver Categories:

Category A: Current University of Chicago student or University of Chicago alumni from degree programs (includes current non-degree visiting students and past non-degree visiting students).
You'll be instructed to upload your transcripts as verification.

Category B: Current University of Chicago Staff (including full-time research professionals).

Category C: Current/recent participants in a qualifying program.

Documentation certifying participation is required. Acceptable forms of documentation include award or acceptance letters, letters from program directors, program completion certificates, etc. Qualifying programs are:

AEA Summer Programs attendees
Big Ten Alliance FreeApp Recipients
Bill and Melinda Gates Millennium Scholars
California Forum on Diversity
Expanding Diversity in Economics (EDE) Summer Institute attendees
Fulbright/IIE Fellowship recipient
GRE fee reduction voucher recipients
IDDEAS participants (IDDEAS@Booth/Kellogg or IDDEAS programs hosted by other schools)
Institute for the Recruitment of Teachers (IRT)
Leadership Alliance
Mellon Mays Undergraduate Fellowship
National Name Exchange
Next-Gen Psych Scholars Program (NPSP)
Peace Corps
PhD Project Annual Conference attendees
Posse Foundation Scholars
Project SHORT
Public Policy and International Affairs Program (PPIA)
Ronald McNair Scholars and/or Post Baccalaureate Achievement Program
Sadie Collective
Summer Institute for Social Science Research Methods
Teach for America
U.S. Armed Forces or uniformed services: Currently serving (active duty or reserves) or honorably discharged

Category D: Current undergraduates receiving need-based financial aid from a U.S. institution:
If you are currently (as of the date of the application deadline for this program, i.e. December 15, 2023) enrolled as an undergraduate student at an institution within the United States and are receiving need-based financial aid from your current institution, you may be eligible for an application fee waiver. A copy of the institution’s financial aid letter or a letter from the institution’s financial aid office is required.

Category E: Individuals experiencing financial hardship:
Applicants who are experiencing financial hardship and are not eligible for a fee waiver under any of the other categories may be considered for a fee waiver. Applicants requesting an application fee waiver on the basis of financial hardship must upload a brief written statement which explains their financial hardship and how they intend to cover their pre-matriculation expenses (e.g. moving expenses) if admitted.

Application fees are non-refundable. If you are requesting an application fee waiver, do not pay the application fee while your request is under review. You should only pay the fee if you receive an email from us indicating that your fee waiver request has been denied. All applicants are automatically prompted to pay the application fee upon final submission of their Stevens Doctoral Program application whether an application fee waiver was requested or not, so please disregard this request for payment unless/until the fee waiver request has been denied. If your request is approved, we will manually waive the fee once we have determined your eligibility.

Application fee payment will not be refunded if:
-You pay the application fee before receiving our fee waiver request decision, and later have your waiver request approved.
-You do not complete the fee waiver request form inside the application and pay the fee, then later realize you were eligible for a fee waiver.

Fee Waiver Decision Notification
You will be notified via email if your request has been granted or denied only after your application to the Stevens Doctoral Program has been submitted. Fee waiver requests are subject to review, are not guaranteed, and are not automated. Because reviews and waivers are done manually, it may take up to several weeks after the submission of your Stevens Doctoral Program application before you receive our decision (fee waiver requests will not be reviewed until the full application has been submitted). Only applicants who select one of the categories above, provide the requested information/documentation, and qualify for the waiver under that category may receive a fee waiver. Fee waiver approvals are subject to the criteria listed above.

Admission to Joint PhD Programs

US Military Personnel

Admitted students who are called to active duty prior to matriculation will be granted a deferral of admission and Chicago Booth financial aid to the following year. Deferrals will be reviewed/extended on an annual basis.

The Stevens Program at Chicago Booth accepts up to three courses in transfer credit from other approved institutions. These credits can only be used toward the coordinated sequence requirement. The Stevens Program does not grant credit for experiential learning or online courses.

For details on readmission, taking a leave of absence, resuming studies, academic grievance policies, and add/drop requirements, please see this Guidebook.

Contact Us

If you still have questions after reviewing our doctorate in business FAQ, please contact us. We look forward to hearing from you!

Phone: 773.702.7298
Email Us