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To succeed in the PhD application process, you should give yourself ample time to prepare. As we will detail in the following section, there are numerous parts of the application. Some parts can be done relatively quickly – such as finding and uploading a transcript – and other parts require serious time commitment – such as doing research with faculty members.
In the below section, we outline an ideal timeline for an applicant. Of course, we recognize that most people will not follow this timeline exactly, and many will be able to complete some steps in this timeline more quickly. Rather, this timeline should serve as a benchmark as you go along your PhD application journey. For reference, most programs have application deadlines that range from early December to early January.
Some quick notes on the timeline. We include a section that involves “Assist faculty member with research.” Though this is not 100% necessary, our experience indicates that research experience gives your application a strong edge in the selection process. The reason for this is three-fold: 1) prior research experience shows that you know what you are getting into and demonstrates your commitment to academia, 2) research experience signals some degree of preparation which may make you more successful in the PhD program, and 3) if you work on research specifically in a business school this can give you an “in” to the research community you are hoping to join. Notably in our survey, we found that 44 of our 46 surveyed admitted students had some form of research experience before applying. We will discuss this step in more detail in the section on the “the RA path to the PhD.”
We do not include your graduate or undergraduate studies as part of the timeline, though they remain important in the application. Broadly, the expectation is that you perform well during both of those periods. Of the admitted students we surveyed, the average GPA was roughly a 3.85 with a standard deviation of .12. However, we saw GPAs in the survey range from 3.5 to 4.0. In general, the common wisdom is that a strong GPA is necessary but not sufficient for a successful application.
We recommend that applicants get ahead of the schedule for applying. One faculty member at HBS, who completed their PhD at Stanford in 3 years, advised that you should be done with almost all parts of the application by August or September (which is even more aggressive than our timeline above). Front-loading your application efforts provides more ample time for revision and can reduce the stress during the final few weeks of submission.