M.Phil. (Commerce) is a two-year post-graduation course. M.Phil. i.e. Master of Philosophy is an advanced postgraduate research degree. Philosophy is idea about human nature and the nature of reality we live. M.Phil. is taken only after completing Master’s degree.
Following is the list of some institutes that offer this course:
- Alagappa Government Arts College, Tamil Nadu
- Annamalai University, Tamil Nadu
- Berhampur University, Orrisa
- Christ University, Karnataka
- Dibrugarh University, Assam
The basic eligibility criteria for getting admission in this course is a Master’s degree in relevant discipline from recognized university with minimum 55% marks.
Some of the reputed colleges conduct a written test which is comprised of objective type questions followed by personal interview and knowledge in particular subject.
The course fee of this course in India starts between INR 1 to INR 3 Lac. This course fee is different for different institutes.
Those who have successfully completed this course can start earning anything between INR 1 to 5 Lac per annum.
Such candidates are hired in positions such as:
- Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, Research Assistant
Top Colleges for M.Phil. (Commerce)
M.Phil. (Commerce): Course Highlights
The following table shows the major highlights of the course.
|Course Level||Advanced Post Graduate|
|Examination Type||Semester system/ Year wise|
|Eligibility||Completed masters or equivalent degree in relevant field from a recognized university with minimum 55% marks.|
|Admission Process||Merit Based/ Entrance Test|
|Course Fees||INR 1 to 3 Lacs|
|Average Starting Salary||INR 1 to 5 Lacs|
|Top Recruiting Areas||Consultancy, Educational Institutes, Human Services Industry, Law Firms, Magazines, Newspapers, Publishing House, Research and Development Institutes|
|Job Positions||Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, Research Assistant|
M.Phil. (Commerce): What is it About?
The M.Phil. includes the area of studies such as Accounting, Finance, International Business, Marketing and organization, behaviour and development. This course prepares students to achieve methodological competencies in the selected field.
The course curriculum comprised of classroom teaching, seminars, presentations, research colloquia, case studies, tool training etc. the students would teach knowledge skills such as Planning, Designing, Engaging, and interpreting data for problem-solving questions.
Such graduates may work in job roles such as Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, and Research Assistant.
Applicants enrolled in this course are taught to:
- Understand problem towards identification and troubleshooting.
- Workshop on project writing helps build research aptitude in students.
M.Phil (Commerce): Top Institutes
The following table shows the list of top institutes that offer this course:
|Name of the Institute||City/ State||Average Fees|
|ADM College for Women||Tamil Nadu||-|
|Annamalai University||Tamil Nadu||-|
|AVC College||Tamil Nadu||INR 6000|
|Berhampur University||Berhampur, Orissa||INR 10, 595|
|Bharath College of Science and Management||Tamil Nadu||-|
|Bhavnagar University||Bhavnagar, Gujarat||-|
|C. Abdul Hakeem College||Vellore, Tamil Nadu||-|
|CBM College of Arts and Science||Tamil Nadu||-|
|Christ University||Bangalore, Karnataka||INR 32, 500|
|CMS College of Science and Commerce||Coimbatore, Tamil Nadu||-|
|Dibrugarh University||Dibrugarh, Assam||-|
|DKM College for Women||Vellore, Tamil Nadu||INR 9200|
|Dr. Ambedkar Government Arts College||Chennai, Tamil Nadu||INR 7, 165|
|Dr. Zakir Hussain College||Tamil Nadu||-|
|Erode Arts and Science college||Chennai, Tamil Nadu||-|
|Fatima College||Madurai, Tamil Nadu||INR 10, 000|
|Gondwana University||Maharashtra||INR 12, 800|
|Government Arts College||Salem, Tamil Nadu||-|
M.Phil (Commerce): Eligibility
For getting admission in this course students are advised to check the below-mentioned eligibility once:
- Students must have passed Post Graduation degree from recognized university with minimum 55% marks and 50% marks must be secured by SC/ ST category candidates.
- Those students who have completed entrance test will also be eligible to apply for particular course
M.Phil. (Commerce): Admission Process
Student’s admission in the course is done on the basis of marks secured by them in master’s degree. Those who have obtained less than 55% marks are not eligible to get admission in the course. Some of the reputed colleges conduct an entrance exam followed by an interview for student’s admission in particular course.
Shortlisted candidates will be called for an interview. Following is the list of some entrance exam conducted for getting admission in this course:
GATE – It is abbreviated as Graduate Aptitude Test in Engineering. After qualifying this course students can get admission in postgraduate programmes. Every year, the exam will be held on February.
M.Phil. (Commerce): Syllabus and Course Description
The following table shows the syllabus of this course:
|Financial and Cost Accounting|
|Financial and Computer Application Management|
|Written test in each theory paper|
|Practical examination and viva voce|
|Workshop on Research Paper Writing|
|Workshop on Research Project Writing|
|Workshop on Data Analysis|
|Workshop on Case Development and Analysis|
M.Phil. (Commerce): Career Prospects
Qualified M.Phil (Commerce) candidates can apply for various job sectors. They can find a job in Government and Private sectors, corporate firms, educational Institutions, banking and finance sectors, and public accounting firms. Applicants can find the jobs such as Accountants, Finance Managers, Lecturers, Financial Advisor, and Chartered Management Accountant etc.
The following table shows the various job positions and its description along with their corresponding salaries:
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Lecturer||Their job responsibility is job planning, preparation and research. They also checking and assessing students work.||8, 00, 000|
|Consultant||Consultants are hired to help clients improve upon an area of business||12,0,0000|
|Finance Managers||Their duties include reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecast. They also investigate to improve profitability, analyze opportunities etc.||9, 56, 578|
|Accountants||They prepare asset, liability, and capital account entries by compiling and analyzing account information.||2, 34, 080|
|Financial Advisor||Their job is to help clients plan for their short term and long term financial goals. Financial advisors may provide Investment, Tax and Insurance Advice.||3, 62, 193|