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Doctor of Philosophy (PhD) in Commerce Admission, Top Colleges, Syllabus, Scope and Salary 2023

Doctor of Philosophy (PhD) in Commerce Admission, Top Colleges, Syllabus, Scope and Salary 2023

Doctor of Philosophy (PhD) in Commerce Admission, Top Colleges, Syllabus, Scope and Salary 2023

Let us enter the thrilling world of a PhD in Commerce and Management! This amazing three-year PhD path can be extended to six years if necessary. To board this train, you must have a masters degree in Commerce or a closely connected field. Don't forget to sparkle with a least of 55% from a recognised university mentioned under UGC/AIU. Some colleges spice things up by offering entrance-based admissions, which can be via national hotshots like NET or their own in-house entrance examinations.

Now comes the big reveal: if you make the shortlist, you'll get to perform on stage during Group Discussion and Personal Interview sessions. 🗣️ The red carpet to entrance will be rolled out when you've impressed them. This program's heart and soul is all about research. The coursework is like clay in your hands, which you can shape according to your subject of study. So buckle up for a thrilling trip that is also geared to your academic interests!

The PhD in Commerce is like a cosmic journey that lasts anywhere from 3 to 5 years! 🚀 It's all about cultivating top-notch experts in realms like academia, research, consulting, and even the entrepreneurial universe. 🎓✨ And here's the cherry on top: once you've conquered this academic Everest, a world of exciting opportunities opens up. You can step into roles like Assistant Professor, Finance Analyst, Trading Manager, and who knows what else! 📈

A PhD in Commerce represents the peak of academic performance in the complicated worlds of Commerce and Business, Management and Finance, Actuarial Science and Taxation, and all in between. A PhD in Commerce takes three years to complete and requires a core master's degree in a closely related discipline. In some cases, specific universities may also require passing results on entrance exams such as the UGC-NET. Renowned universities such as the University of Delhi, IGNOU, and Jamia Millia Islamia, among others, serve as important centres for obtaining a PhD in Commerce in India.

There are also prestigious international institutions that provide top-tier programmes for those with an adventurous attitude. Explore this article to gain a full understanding of a PhD programme in Commerce: its prerequisites, areas of specialisation, disciplines covered, prestigious global universities, potential salary, career options, and a variety of other enlightening elements.

PhD In Commerce: Course Highlights

The following is a list of course highlights that candidates should consider before pursuing a PhD in Commerce.

Level Doctor of Philosophy
Course PhD in Commerce & Management
Course Fees INR 30,000 to 3,00,000 Per Annum
Course Duration 3 to 6 years
Eligibility Must have a qualifying Master's degree in Commerce, MBA, or M.Phil or equivalent with a minimum aggregate of 55% or higher.
Colleges Calicut University, Manipal University, Apex University, SRM University, West Bengal State University
Admission Merit-based or Entrance Based
Entrance Exams NET/DET or University Based Exams
Job Profiles Business Analysts, CFO, CEO, Finance Manager
Average Salary INR 6,00,000 to INR 40,00,000
Top Recruiting Sectors Public Sectors, Market Sectors, Finance Sectors, Business Sectors.

Ph.D. in Commerce and Management: What is it about?

The PhD programme in Commerce and Management is aimed to provide students with a thorough understanding of the fundamental ideas of business and management. These professions have remained popular over the years and are expected to stay so in the future. By leveraging research efforts, the fundamental purpose of this programme is to encourage the progress and expansion of Commerce, Management, and related areas.

  • The programme integrates principles from Commerce and Management in its study.
  • Students who complete the PhD in Commerce and Management programme will be equipped with the necessary management abilities as well as a working grasp of corporate law.
  • Doctorates will be able to conduct their own research as well as pursue lucrative work in finance, marketing, research, business, and other areas after completing the course.
  • Business law encompasses all areas of business law, including ethics and managerial tools.
  • Human resource management, marketing management, research technique, and organisational behaviour are among the topics covered by students.
  • Students must choose a field of emphasis and write a dissertation/research thesis in their last year of study.

Why study PhD Commerce And Management?

A PhD in trade and Management entails delving deeply into the realm of business and trade. Consider it a treasure quest for knowledge in these areas! 🕵️‍♂️ This PhD is similar to a specialised research journey. You'll learn about numerous management strategies, services, human resource management, and other fascinating disciplines such as agriculture, retailing, product production, tourism, hospitality, and even science, medicine, and engineering. These themes are currently selling like hotcakes in the market; everyone wants to learn more about them! 🌟 Obtaining a PhD in this profession entails being an expert explorer in these in-demand industry areas.

  • Develop Management Skills:It focuses on developing, advertising, and selling products and services; establishing connections or partnerships; dealing with difficult situations; and keeping the company's finances in excellent order. Industry data is acquired and used to create reports.
  • New Job Opportunities:This programme will lead to better jobs and opportunities in the Commerce and Management sectors in the future.
  • Ability to have Quality Research:Candidates get the ability to do research in a range of business disciplines by studying areas such as Human Resources, Operations, Productions, and Business Principles.
  • Job Scopes:Doctorates with the necessary abilities to pursue careers in business, accounting, operations, and management have finished the programme. One advantage is that they can function as Business Analysts, Finance Managers, CFOs, CEOs, and Company Secretaries, among other things.

PhD in Commerce and Management Salary and Jobs

Salary after obtaining the degree ranges from INR 3 to INR 40 lakhs per year, depending on the type of employment area you pick. You can work as a Business Development Manager, Business Analyst, Finance Manager, Company Sector, and other jobs in reputed firms.

Top Recruiters

Following the completion of your PhD in Commerce and Management, you will be able to be recruited by a variety of private and international firms for a variety of job descriptions, including the following:

  • iNurture Galileo India Pvt Ltd.
  • Flipkart Internet Pvt Ltd.
  • Universities & Institutes
  • Delhivery Pvt Ltd.
  • IBM Pvt Ltd.
  • Amazon Development Centre
  • Vedantu Innovations Pvt Ltd.

Job Profile

Job Profile Job Description Salary
Chief Executive Officer Work includes coordinating the operations of the company with top-level management and the board of directors. Implementation of concepts and financial management for businesses. INR 29 to 30 lacs
Business Analysts Collecting data, evaluating, recording, and preparing reports for business development are all part of the job. INR 5 to 6 lacs
Finance Manager Accounts must be monitored, data must be analyzed, and reports must be written. Investigating current market trends and developing business development tactics. INR 9 to 10 lacs
Business Development Managers Identifying sales leads, formulating fresh theories to pitch sales, analyzing data, and writing reports are all part of the job. INR 5 to 6 lacs
Chief Financial Officer Supervising staff, dealing with accounting and treasury issues, handling currency, and managing corporate activities is all part of the job. INR 30 to 40 lacs
Account Executive Work entails handling accounts and overseeing the company's administrative functions. INR 3 to 4 lacs
Company Secretary Meetings are held, and reports on the current state of the firm are presented by liaising with the board and top-level management. Procedures and management systems are being implemented. INR 4 to 12 lacs

List of Top 10 Phd In Commerce Engineering Colleges In India

Manav Rachna International Institute of Research and Studies, Faridabad

Manav Rachna International Institute of Research and Studies, Faridabad, Haryana

  • 084838 85525
  • Manav Rachna Campus Rd, Gadakhor Basti Village, Sector 43, Faridabad, Haryana 121004

Private Manav Rachna University is located in the Indian city of Faridabad, Haryana. In 2004, it was established as Manav Rachna College of Engineering, and in 2014 it changed its name to a university.

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Sri Krishna Arts and Science College, Coimbatore

Sri Krishna Arts and Science College, Coimbatore, Tamil Nadu

  • 0422 267 8400
  • Sri krishna arts and science college, BK Pudur, Sugunapuram East, Coimbatore, Kuniyamuthur, Tamil Nadu 641008

The V.L.B. Trust founded Sri Krishna Arts and Science College, better known as SKASC Coimbatore, in 1997. It is a school with a unique certification called ISO where boys and girls both study there. SKASC includes dedicated science rooms with IBM computers and access to the internet 24/7.

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Bangalore Institute of Technology, Bangalore

Bangalore Institute of Technology, Bangalore

  • 08026613237
  • Krishna Rajendra Rd, Parvathipuram, Vishweshwarapura, Basavanagudi, Bengaluru, Karnataka 560004

Engineering students attend Bangalore Institute of Technology. It provides engineering bachelor's and master's degrees. It's in Bangalore and connected to Visvesvaraya Technological University in Belgaum. Rajya Vokkaligara Sangha in Bengaluru assisted in the establishment of this college in August 1979.

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New Horizon College of Engineering, Bangalore logo

New Horizon College of Engineering, Bangalore

  • 080662 97777
  • Outer Ring Rd, near Marathalli, Kaverappa Layout, Kadubeesanahalli, Kadabeesanahalli, Bengaluru, Karnataka 560103

Bangalore, India is home to the private New Horizon College of Engineering. It's not under government jurisdiction, and it's close to Marathahalli. This institution was established in 2001 and is a part of the New Horizon Educational Institution, a larger network of colleges that dates back to 1970.

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Sri Venkateswara College, Delhi

Sri Venkateswara College, Delhi

  • 1800 180 5522
  • Moti Bagh II, Dhaula Kuan Enclave I, Dhaula Kuan, New Delhi, Delhi 110021

The University of Delhi includes Sri Venkateswara College. It was developed in India's New Delhi in 1961. It is managed by the Tirumala Tirupati Devasthanams and the UGC, and it awards degrees that have been endorsed by the University of Delhi.

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Amrita Vishwa Vidyapeetham, Coimbatore logo

Amrita Vishwa Vidyapeetham, Coimbatore, Tamil Nadu

  • 044 4813 3323
  • Amritanagar, Ettimadai, Coimbatore, Tamil Nadu 641112

Private Amrita Vishwa Vidyapeetham, also known as Amrita University, is located in India. This institution provides a variety of courses and has several campuses. Its headquarters are located at Ettimadai, Coimbatore.

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Kalinga Institute of Industrial Technology, Bhubaneswar

Kalinga Institute of Industrial Technology, Bhubaneswar

KIIT University, formerly known as the Kalinga Institute of Industrial Technology, is a private institution of higher learning in Bhubaneswar, Odisha, India. This university primarily focuses on engineering and scientific instruction and research.

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Visvesvaraya National Institute of Technology, Nagpur

Visvesvaraya National Institute of Technology, Nagpur, Maharashtra

  • 0712 654 7325
  • S Ambazari Rd, Ambazari, Nagpur, Maharashtra 440010

Visvesvaraya National Institute of Technology Nagpur is a public technical university in Nagpur, Maharashtra. It started in 1960 and is one of 31 National Institutes of Technology in India.

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Motilal Nehru National Institute of Technology Allahabad Logo

Motilal Nehru National Institute of Technology Allahabad

  • 0532 254 5404
  • Barrister Mullah Colony, MNNIT Allahabad Campus, Teliarganj, Prayagraj, Uttar Pradesh 211004

Motilal Nehru Regional Engineering College was the previous name of the Motilal Nehru National Institute of Technology. It is one of India's 31 National Institutes of Technology, and it is located in the Prayagraj region of the Indian state of Uttar Pradesh.

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Saveetha Institute of Medical and Technical Sciences, Chennai Logo

Saveetha Institute of Medical and Technical Sciences, Chennai, Tamil Nadu

In Chennai, Tamil Nadu, India, there is a private institution called the Saveetha Institute of Medical and Technical Sciences. The government also regards it as a university. Dentistry, Management, Law, Arts and Sciences, Engineering, Physiotherapy, Nursing, and Medicine are the nine fields of study they offer. While the last three are in Thandalam, the first three are in Poonamalle. Students enter the Anna University-affiliated Engineering College after passing the board examinations in their 12th grade.

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Eligibility for Ph.D. in Commerce

  • Candidates must have earned a postgraduate degree in Commerce/equivalent or an M.Phil. degree from a UGC/AIU-accredited university with a minimum aggregate of 55% or higher.
  • Some reputable institutes and universities will also host group discussions and personal interviews.
  • If you have 4 years of relevant professional experience in either teaching or administration, you will benefit from the programme.

PhD in Commerce and Management Skill

A PhD in Commerce and Management is a research-based degree programme. The programme needs students to have an analytical mindset as well as the ability to carry out research. Students must be dedicated and motivated because the programme demands a significant time commitment and effort to complete. Some of the abilities are listed below:

  • Research Skills
  • Management Skills
  • Solution-Oriented Mindset
  • Time Management
  • Critical Thinking
  • Practical Approach
  • Ability to take initiatives
  • Independent Approach

How to Prepare for the Commerce And Management Entrance Exam?

A applicant must prepare well for the entrance exam in order to perform well on it. Because a PhD is regarded the highest degree attestation, applicants may require additional educational instruction to pass the exam.

Here are a few things you should bear in mind while you study for the exam.

  • Before beginning your preparation, review the most recent entrance syllabus. Always consult the proper websites.
  • Begin your preparations as soon as possible. A year before the exam is usually deemed optimum. You can effortlessly arrange your day.
  • Do not begin with a large number of resources. It causes perplexity. Stick to one or two solid and trustworthy sources.
  • Analyse last year's article and make a list of relevant issues.
  • Examine your own abilities and shortcomings. Work on your strategies as needed.
  • Take an online mock test and maintain a record of your results.
  • Continue reading to learn more about your topic.
  • Use past years' question papers to get a sense of the types of questions they ask.
  • Examine the syllabus for the UGC's qualification test or NET/DET.

PhD in Commerce & Management Admission Process

Admission to a PhD programme is normally based on entrance examinations, while merit-based admission is sometimes an option. Students are evaluated by universities based on their performance in PhD entrance exams relevant to the institution or qualifying exams such as NET/DET. Prior to enrollment, those who are admitted on merit generally have an interview with a professor.

Selection Procedure: There are two methods to be admitted:

  • The following is a list of the entrance exams for the PhD programme:
    • NET (National Eligibility Test)
    • DET (Doctoral Entrance Test)
  • The alternative option is to pass the university's PhD entrance exam, such as DAT (Department Aptitude Test) or MET (Manipal Entrance Test).

Shortlisted candidates must attend group discussions and personal interviews at their respective colleges/departments. The total number of points obtained in the admission exam, GD/PI, and degree level. Are taken into account in making the final judgement.

PhD In Commerce Entrance Exams

Most universities offering PhD Commerce And Management in India, conduct an entrance test for admitting students to the course. Only those who successfully clear the entrance examination are later asked to appear for an interview.

Although a huge number of institutions in India offer admission into PhD through their own selection tests, most universities offer acceptance into the program through the UGC NET. A few popular entrance tests for the PhD in Commerce course are as follows:

  • UGC NET Exam:The NET (National Eligibility Test) is given twice a year. The exam is divided into 84 subjects. The entrance exam has been rescheduled owing to the Covid 19 epidemic.

PhD in Commerce & Management Courses

Let's get started with the program's curriculum! We've planned classroom learning, compelling case studies, interesting coursework, and hands-on project work for you. This thorough curriculum has been deliberately created to guarantee that as a student, you not only master the program's essentials but also nurture a deep comprehension of the subject matter. These foundations form the bedrock of the areas we'll be exploring: Economics, Finances, Commerce, and Business Management.

When it comes to PhD programmes, there's a unique twist: there's no set curriculum! It's like a puzzle customised to your research interests. You will be able to select courses that are completely relevant to your subject of study.

Here's a little insider information! Most applicants take the following courses before beginning their thesis journey:

Courses Description
Course 1 Research Methodology: To induct on the students an in-depth knowledge of Research Methodology and to enable them to carry out research in a scientific manner
Course 2 Business Research: To enable students to pursue research in the various fields of commerce and management.
Course 3 Research Gap and Methodological Design: To equip the Ph. D students with the fundamental concepts, theories and issues in the various fields of the study. This is to enable the students to develop concepts in various advanced areas by studying seminal research papers published in noted journals both national and international.
Course 4 Synoptic Outline Writing: The objective of this course is to judge the competency developed in the students to write an appropriate synoptic outline in their respective field of pursuing PhD. 
Course 5 Research and Publication Ethics

Ph.D. in Commerce & Management: Syllabus

The general curriculum followed by most universities and colleges throughout the programme is as follows:

  • Research Methodology
  • Creative Thinking and Design Innovation
  • Fundamentals of Management in Business
  • Principles of Management
  • Organizational behaviour
  • Marketing and Operations Management
  • Human Resources and Business Ethics
  • Project Work
  • Dissertation /Seminar/ Research Thesis

Ph.D. in Finance: Job Prospects and Career Options

Finance PhD candidates are business-oriented and seek a more professional job. Jobs at numerous finance firms are also possible. Popular job titles include statistician, stockbroker, finance manager, and so on. The average yearly salaries range between INR 4 LPA and INR 8 LPA.

Job Profile  Job Description Average Annual Salary
Assistant Professor Teaching Finance courses to junior-level (UG, PG, MBA) students. INR 5,75,000
Professor Usual work includes researching on ‘financial aspects’ of a society and teaching students. INR 11,88,000
Stockbroker Purchasing stocks and offering them to various retails and institutional customers by means of the stock exchange. INR 3,25,000
Statistician Deals with theoretical and applied statistics.  INR 3,68,671 
Relationship Manager A Relationship Manager works to maintain a good relationship with other competitors and clients. INR 5,95,478
CFA A CFA analyzes investments, stocks or companies. INR 1,157,000
Financial Managers Takes care of the financial health of the companies they work for and creates financial reports and plans. INR 9,56,578

PhD in Commerce And Management Scope

  • PhD in Commerce and Management students are prepared to gain a deep understanding of the field's fundamentals.
  • Students are qualified to study numerous facets of business and commerce using their research and assessment skills.
  • Candidates get the ability to do research in a range of commercial fields by studying areas such as Human Resources, Operations, Productions, and Business Principles.
  • Doctorates with the necessary abilities to pursue careers in business, accounting, operations, and management have finished the programme.
  • They could be Business Analysts, Finance Managers, CFOs, CEOs, or Company Secretaries, among other things.