M.Phil. (Commerce) - Course Overview




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Pranjal Singhal Pranjal Singhal
Content Curator

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

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:

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 LevelAdvanced Post Graduate
Duration2 years
Examination TypeSemester system/ Year wise
EligibilityCompleted masters or equivalent degree in relevant field from a recognized university with minimum 55% marks.
Admission ProcessMerit Based/ Entrance Test
Course FeesINR 1 to 3 Lacs
Average Starting SalaryINR 1 to 5 Lacs
Top Recruiting AreasConsultancy, Educational Institutes, Human Services Industry, Law Firms, Magazines, Newspapers, Publishing House, Research and Development Institutes
Job PositionsLecturer, 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 InstituteCity/ StateAverage Fees
ADM College for WomenTamil Nadu-
Annamalai UniversityTamil Nadu-
Assam UniversityAssam-
AVC CollegeTamil NaduINR 6000
Berhampur UniversityBerhampur, OrissaINR 10, 595
Bharath College of Science and ManagementTamil Nadu-
Bhavnagar UniversityBhavnagar, Gujarat-
C. Abdul Hakeem CollegeVellore, Tamil Nadu-
CBM College of Arts and ScienceTamil Nadu-
Christ UniversityBangalore, KarnatakaINR 32, 500
CMS College of Science and CommerceCoimbatore, Tamil Nadu-
Dibrugarh UniversityDibrugarh, Assam-
DKM College for WomenVellore, Tamil NaduINR 9200
Dr. Ambedkar Government Arts CollegeChennai, Tamil NaduINR 7, 165
Dr. Zakir Hussain CollegeTamil Nadu-
Erode Arts and Science collegeChennai, Tamil Nadu-
Fatima CollegeMadurai, Tamil NaduINR 10, 000
Gondwana UniversityMaharashtraINR 12, 800
Government Arts CollegeSalem, 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
Written test in each theory paper
Sessional Marks
Practical examination and viva voce
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 PositionJob DescriptionAverage Annual Pay Scale in INR
LecturerTheir job responsibility is job planning, preparation and research. They also checking and assessing students work.8, 00, 000
ConsultantConsultants are hired to help clients improve upon an area of business12,0,0000
Finance ManagersTheir 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
AccountantsThey prepare asset, liability, and capital account entries by compiling and analyzing account information.2, 34, 080
Financial AdvisorTheir 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



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