PhD students at IIMU receive a full fellowship that covers the cost of tuition, accommodation, other program expenses and a stipend for a living allowance. IIMU provides ample financial support to PhD students to sustain their living and research expenses and funds international exposure during the program.

• All Ph.D. students will be provided with single accommodation (or equivalent) at no charge. Students will get shared office space on the campus.
• A married hostel is in the planning stage and expected to be ready by 2025. Meanwhile, married students can receive a Rs. 10,000 monthly rental subsidy for off-campus housing with their families.
• The Institute will provide various forms of financial assistance to PhD students:
  • Students will be eligible for a stipend of INR 30,000 per month in the first year with a 10% annual increment up to a maximum of five years.
  • The Institute will provide a one-time allowance of up to INR 50,000 to purchase a laptop/PC.
  • Students will be eligible for a contingency grant to purchase books, research materials, hardware, software, stationery, etc. of INR 50,000 in the first year of the program and INR 25,000 from the second year onwards until the end of the fifth year. All payments would be subject to actuals.
  • Students are eligible for research funds for conducting their dissertation-related research. An amount of up to Rs.1,50,000 can be sought and utilized under the supervision of the advisor for this purpose.
• IIMU encourages PhD students to attend national and international conferences/seminars to present their research papers. For this purpose, students will be eligible for a grant of INR 20,000 per year to attend national conferences/seminars, and a total of INR 2,00,000 over a period of four years to attend international conferences/seminars (outside India) subject to the acceptance of their research papers.
• Students are also eligible to receive an additional funding of INR 2,00,000 to attend another international conference if they co-author a paper with an IIMU faculty member which gets accepted at a FT50/ IIMU A* journal list during the tenure of their PhD program.
• Semester Abroad (Merit-based): The institute will fund an international immersion for up to two students (merit-based) in a year—enabling them to spend four months at an esteemed university abroad. The program will cover travel costs, living expenses, medical insurance (actual) and contingencies for the period. This is a unique offering in IIMU that is not currently available at any other IIM.

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