PhD Scholarship for the Cologne Graduate School in Management, Economics and Social Sciences

    Each year CGS awards up to 10 scholarships to excellent students (among the top 10% of their year) with a Master/Dipl. degree or close to finishing their degree. These students will enter a focused, intensive three-year program leading to a PhD (Dr. rer. pol). It is the expressed purpose of this intensive program to educate excellent researchers and teachers who, after obtaining their degree, will mainly stay in academia.
    Note “EWI-Scholarship”: If your doctoral research focus lies in the field of applied industrial economics (theoretical or empirical), regulatory economics, modelling of energy markets (optimization, methods of numerical simulation), environmental economics, or energy trading, you may also apply for a scholarship at the Institute of Energy Economics at the University of Cologne (EWI). After the first year at the CGS you will join the second and third year at the EWI ( The rest of the program, the qualifications needed, the procedure and the scholarship itself are the same as mentioned below.
    Scholars will work closely with their individual academic supervisor from the very beginning of their studies, participate in research seminars that enable them to discuss their ongoing projects and have ample opportunities to attend international summer schools and conferences. Furthermore, CGS provides them with office space and administrative support.
    Scholarships amount to EUR 1.200 a month for the duration of three years and are limited to a three-year period.


    To be admitted, students must hold a Master’s Degree or a Diploma in a discipline relevant to the curriculum and research interests of CGS. Relevant disciplines are Economics, Management, Finance, Social/Political Sciences, Energy Economics/Policy, Econometrics/Statistics and related fields. Candidates must have a proven record of academic excellence and belong to the top 10% in their respective field.


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    Fellows receive a monthly stipend of EUR 1.200 for three years. No tuition is charged. Note: Please note that fellows are required to pay for their health insurance out of this sum. Following a successful evaluation after the first year, fellowships will be extended for another two years. A full PhD program runs for three years. Extension of fellowships beyond this period is not possible. Fellowships are tax-free. Students will have office-space within the CGS department, full access to all libraries and other university institutions and additional funds for participation in conferences, summer schools, etc.

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