M.Phil. Commerce Top Colleges, Syllabus, Scope and Salary

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Pranjal Singhal

Content Curator | Updated on - Dec 31, 2020

Alert: MPhil will no more be a bridge between Master’s and PhD in India, as it is going to be discontinued as per NEP 2021

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.

Note: Students who wish to pursue their education in Management field or get a career boost, can check MBA course.

Following is the list of some institutes that offer this course:

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

M.Phil. (Commerce): Course Highlights

The following table shows the major highlights of the course.

Course Level Advanced Post Graduate
Duration 2 years
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 -
Assam University Assam -
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:

Research Methodology
Financial and Cost Accounting
Financial and Computer Application Management
Internal Assessment
Seminars
Written test in each theory paper
Sessional Marks
Practical examination and viva voce
Dissertation
Workshop on Research Paper Writing
Workshop on Research Project Writing
Qualitative Research
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:

M.Phil. (Commerce) Annual Salary
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

M.Phil. (Commerce) Fee Structure in India


260 (Minimum Fee)PUBLIC COLLEGES160K  (Maximum Fee)
29K (Average Fee)
1.5K (Minimum Fee)Private COLLEGES100K (Maximum Fee)
38K (Average Fee)

M.Phil. (Commerce) Fee Structure By state


Tamil Nadu

260PUBLIC COLLEGES61K
16K
1.5KPrivate COLLEGES72K
27K

Madhya Pradesh

21KPUBLIC COLLEGES60K
36K
65KPrivate COLLEGES75K
69K

Gujarat

9KPUBLIC COLLEGES61K
45K
21KPrivate COLLEGES59K
40K

Rajasthan

70KPUBLIC COLLEGES70K
70K
15KPrivate COLLEGES100K
58K

Karnataka

16KPUBLIC COLLEGES80K
42K
45KPrivate COLLEGES45K
45K

Orissa

1.4KPUBLIC COLLEGES42K
17K
10KPrivate COLLEGES10K
10K

Haryana

4KPUBLIC COLLEGES60K
26K
10KPrivate COLLEGES80K
45K

West Bengal

8.3KPUBLIC COLLEGES30K
16K
35KPrivate COLLEGES35K
35K

Chhattisgarh

30KPUBLIC COLLEGES75K
53K
75KPrivate COLLEGES75K
75K

Delhi NCR

4KPUBLIC COLLEGES13K
8.3K
25KPrivate COLLEGES25K
25K

Punjab

60KPUBLIC COLLEGES160K
110K
18KPrivate COLLEGES18K
18K

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