Hampton University Hampton University recently started a PhD program in Business (and a few others). It takes 2 years to complete coursework and costs $40k total, I believe. It does require a residency of 4 weeks each summer (in July, 2 year program means 2 residencies). I recently applied and was accepted, I think I had a pretty strong application package, but I don't know how competitive they are. Hampton is supposed to be a pretty decent school. It's one of the top HBCU (Historically Black Colleges and Universities). Not being black, I'm not sure how the culture is regarding those who aren't black, but from what I've read it doesn't seem to be an issue.