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Message: <blockquote data-quote="TraderJoe" data-source="post: 43166" data-attributes="member: 1961">It will NOT help your application at all if you offer to pay your way for a Finance PhD. ALL the Finance PhD students pay $0 tuition and get a stipend of $25K - $30K per year. There is no exception. The only two universities which allow the students to enter the first year of the Finance PhD program by paying full tuition are Stanford University and Boston University. At the end of the first year, Stanford may select one or two of the smartest students who are paying their way and allow them to continue in the PhD program with full support ($0 tuition + $30K per year stipend). The remaining students are given MS degree and then dropped from the PhD program.  They are not going to spend six years working with you unless they feel that you have exceptional intellectual capability to do high quality productive research for the next forty years. Admission rate is usually less than 2%.</blockquote>