Doctor of Philosophy in Commerce, or simply PhD in Commerce, is a research-based doctorate programme that may be undertaken following a master’s degree. The duration of the course is determined by the study. PhD Commerce requires a minimum of three years to complete and may be finished in as little as six years.
This course covers a wide range of business topics, including accounting, finance, forecasting, management, and budgeting. A candidate following this course will be required to do research in one of these topics and submit a thesis at the conclusion of the semester. This programme is open to candidates who have completed a Masters in Commerce, MBA, or MPhil degree with a minimum aggregate of 55%.
Course Highlights:
| Degree | Doctorate Level |
| Duration | 3 years |
| Basic Eligibility | A master’s degree |
| Entrance Exam | UGC-NET, SLET, GATE, GRE, etc. |
| Average Fees | INR 20,000 to upto 50 Lakhs |
| Salary | 10 Lacks (Payscale) |
| Jobs | · Business Analyst · Operations and Research Analyst · Chief Financial Officer · Technical Writing · Academician |
Eligibility Criteria:
In India, the following are the major criteria for a PhD in Commerce:
- The student must have earned a minimum of 55 percent in a master’s degree in commerce or an MPhil from a recognised university.
- For admission to a PhD programme in Commerce specialty, several Indian institutions require applicants to pass the UGC-NET test.
- Work experience of 2-4 years is also desirable, but not required.
Admission Process:
Students must verify that they fulfil all of the course’s eligibility requirements before applying for a PhD in Commerce. The Departmental Research Committee conducts a round of personal interviews with the applicants who have passed the written admission exam. Candidates who have demonstrated their knowledge and skills throughout the interview process are accepted into the programme. The following are the specifics of the admissions process.
Syllabus:
The length of a PhD in Commerce is up to two years, however this is likely to be prolonged due to the thesis work required of applicants. This doctoral programme is notable since it confers the post-nominal initial ‘Dr’ on graduates, and it covers management and finance theories, as well as entrepreneurial approaches that may be used in real-world situations. The programme lasts between three and five years. Both core and optional disciplines are included in the programme. The essential subjects must be completed. Elective subjects are chosen from among the electives. The following are some of the course’s main topics:
- Corporate Finance Theories
- Contemporary Management Theory
- Classical Management Theory
- Basic Economic Concepts
- Accounting Theory
Business doctoral programs:
As a candidate for a PhD in Commerce, you can pick from a variety of subfields, including but not limited to Accounting, Marketing, Taxation, Human Resources, Strategy, Information Technology Management, Consulting, and Finance.
Business research:
- International Financial Reporting
- Strategic Cost Management
- Business Forensics
- Accounting Information Systems
- Audit Technology
- Capital Markets-based Accounting Approach
- Revenue Management
- Business Intelligence
Top Entrance Examinations:
Students should expect to spend three to five years on their PhD in Commerce programme. The entrance tests are an important part of the admissions process. The admission tests are held at three levels: national, state, and college. A few examples of such entrance tests are as follows:
Council of Scientific and Industrial Research National Eligibility Test
- DBT-JRF
- DST-INSPIRE
- UGC-NET-JRF
- ICMR-JRF
Cutoff:
| General | 78-61 |
| OBC | 60-57 |
| SC | 60-54 |
| ST | 53-52 |
| PH | 75-50 |
Skills Required:
PhD Commerce graduates must possess a variety of talents in order to be successful in their employment. The following are some of these abilities:
- Time Management Skills
- Quantitative Ability Skills
- Logical Reasoning Skills
- Flexible Temperament
- Ability to Work Under Pressure
Scope:
The following are the most prevalent jobs for degree holders:
- Tax Examiner
- Finance Controller
- Management Accountant
- Mutual Funds Manager
- Market Researcher
- Statistical Research Consultant
- Business Development Officer
- Chief Finance Officer
- Financial Accountant
- Finance Director
Top Recruiters:
- State Bank of India
- Reserve Bank of India
- HDFC Bank
- IBM
- Mahindra
- Mahindra Financial Services and many more.
Annual salary:
The remuneration for a PhD in Commerce is not set in stone and might vary depending on a variety of circumstances. Graduates with a PhD in Commerce may anticipate a very lucrative pay from their employers since the occupations following a PhD in Commerce are quite fulfilling and diversified.
Location, designation, and experience are all factors that might affect the PhD Commerce income. PhD in Commerce graduates may expect to earn between INR 5 and 7 LPA on average.
Benefits of Studying :
After completing a PhD in Commerce programme, graduates will have a wide range of career prospects and opportunities for advancement. Candidates with a PhD in Commerce can work in government finance sectors such as the Reserve Bank of India, State Bank of India, and various government finance sectors such as the Income Tax Department, National Insurance Company, and so on as E-Commerce Executives, Accounts Executives, Consultants, and so on.
Employers have a high demand for graduates of the PhD in Commerce programme. This doctoral programme is notable since it confers the post-nominal initial ‘Dr’ on graduates, and it covers management and finance theories, as well as entrepreneurial approaches that may be used in real-world situations.
Top Institutes:
University of Delhi
Christ University
St.Xavier’s College, Kolkata
CMR University
Gujarat University
IGNOU
Jamia Millia Islamia
NIMS University
Loyola College
Amity University, Jaipur
St. Joseph’s College of Commerce, Bangalore
St. Xaviers College, Jaipur
Jyoti Nivas College, Bangalore
FAQ’s:
Is the UGC NET required for a PhD?
If you want to pursue a PhD in Commerce but aren’t sure how to get started, contact our team of specialists at Leverage Edu for a free 30-minute consultation and take the first step toward a rewarding career in research.