PhD (Banking & Finance): Admission, Eligibility, Entrance, Syllabus

Ayan Dey's profile photo

Ayan Dey

Content Curator | Updated on - Apr 30, 2021

PhD in Banking and Finance is a 3 years research level program that deals with the knowledge of finance and economics. It covers topics related to finance in micro aspects and macro aspects.

The eligibility criteria for a PhD course is a Master’s degree or equivalent relevant to the stream from a recognized university.

PhD admissions are granted through merit in the entrance examinations conducted by the university or college. The entrance exams that a candidate can clear to get admission in PhD program are UGC NET and CSIR UGC NET.

Some of the top colleges for PhD Banking and Finance are R. A. Podar College of Commerce And Economics, Somaiya Vidyavihar University, K. P. B. Hinduja College of Commerce, Nagindas Khandwala College, etc. The average fee charged to pursue PhD in Banking and Finance is INR 80,000 to INR 1, 00,000 per annum. The fee may differ according to the facilities provided by the university or college.

Some of the subjects taught in this course are Asset Pricing Theory, Foundations of Business Research, Econometric Analysis, Microstructure of Markets, etc.

The job roles after pursuing this course are diverse. Students can get various opportunities in the field of banking, stock management, teaching, etc.

The average starting salary for the jobs is INR 2, 00,000 to INR 5, 00,000 per annum. Some of the top recruiters of PhD Banking and Finance scholars are Reserve Bank of India, State Bank of India, National Stock Exchange, Mumbai University and others. 

PhD Banking and Finance: Course Highlights

Course Level Research
Full Form Doctorate Of Philosophy in Banking and Finance
Duration 3 years
Eligibility Post Graduation Degree
Admission Process Either by Entrance Exam or by Merit
Course Fees Up to INR 2,00,000
Subjects Business Research, Econometric Analysis, Asset Pricing, Corporate Finance, etc.
Salary Up to INR 5,00,000 per annum
Recruiting Organizations Reserve Bank of India, State Bank of India, National Stock Exchange, Mumbai University and others
Jobs Teacher, Lecturer, Credit Control Manager, Financial Analyst, Stockbroker and others
Admission Process

PhD Banking and Finance: Admission Process 

Admissions to PhD programs are either based on national level entrance exams or based on the merit in the entrance test conducted by the university or college.

Candidates can apply for PhD courses either by online mode or offline mode.

How to Apply?

How to Apply? 

  • Visit the official website or the Admission Office of the college/university for the admission form.
  • Fill the application form and attach all the necessary documents mentioned over there.
  • Submit the application form and pay the application fee.

After the release of cut-off, final selection is done through interview or GD rounds.

Eligibility Criteria

PhD Banking and Finance: Eligibility Criteria 

The basic eligibility criterion to take admission in PhD (Banking and Finance) is a Master’s degree in the relevant stream or equivalent from a recognized university.

  • Candidates must score more than 55% marks in their post graduation.
  • Candidates must clear the cut-off percentage in the entrance examination as per decided by the university or college.
Entrance Exams

PhD Banking and Finance: Entrance Exams 

Candidates need to qualify the entrance exam and then go through the counseling process conducted by the universities.

Exam Name Application Process Exam Date
UGC NET The first week of February, 2021 The first week of May, 2021- the second week of May, 2021
CSIR UGC NET March, 2021  June, 2021

PhD Banking and Finance: How to prepare for Entrance Exams?

The entrance exam for PhD consists of the following sections:

  • Research Aptitude
  • Teaching Aptitude
  • Logical Reasoning
  • Mathematical Reasoning and Aptitude
  • Data Interpretation
  • You should have some knowledge about the course so that the questions are not completely new to you.
  • Go through the syllabus of the entrance exam and prepare accordingly.
  • Practice previous year’s question papers for a better idea of the exam pattern.
  • Appear for online mock tests conducted by different websites.
  • Prepare for the research ability test for banking and finance.

How to Get Admission in a Good College?

  • Most of the good colleges take admission through entrance exams.
  • So, if you want to get admission in a good college, you must prepare for the entrance exams.
  • Your final scores in your Master's degree also matter as admission in some colleges is merit based.
  • Prepare well for the Group Discussion and Personal Interview because it will test your knowledge about the subject.
  • Make sure to apply to your selective colleges before the deadline.
Why Study ?

Why Study PhD Banking and Finance? 

There are a lot of reasons to study a PhD in Banking and Finance. There is always a need of good researchers to study the fields of banking and finance. Most of the students prefer doing PhD because of the following reasons:

  • It gives a lot of job opportunities in various fields.
  • It opens a door for students to become professors and to teach in universities. There is always a need for professionals and researchers.
  • It enhances administrative skills of students.
  • There is always a need for PhD students in banks.
  • Students become good researchers and an expert in the field of Banking and Finance.
  • PhD in Banking and Finance helps students in enhancing their leadership and communication skills.
  • After doing PhD, one can earn up to INR 5,00,000 per annum.

Course Comparison

PhD Banking and Finance: Course Comparison

PhD Banking and Finance vs PhD in Economics

Parameters PhD (Banking and Finance) PhD in Economics
Overview It mainly covers topics related to business research, corporate finance, asset pricing, etc. The main focus is on microeconomics and macroeconomics.
Duration 3 years 3 to 5 years
Eligibility Post Graduation in Banking & Finance or equivalent Post Graduation in Economics
Average Annual Fee Up to INR 2,00,000 Up to INR 6,00,000
Average Salary Offered Up to INR 5,00,000 per annum Up to INR 8,00,000 per annum
Job Roles Stockbroker, Credit Control Manager, Teacher, Lecturer, etc. Accounting, Media Analyst, Marketing, Auditor, etc.
Top Colleges

PhD Banking and Finance: Top Colleges 

PhD Banking and Finance: College Comparison 

K. P. B. Hinduja College of Commerce Vs Somaiya Vidyavihar University Vs Shyam University

Parameter K. P. B. Hinduja College of Commerce Somaiya Vidyavihar University Shyam University
Overview The college has been awarded Best College Award from University of Mumbai. It has been declared as College with Potential for Excellence by the University Grants Commission [UGC]. It has also been accredited by NAAC and awarded with A+ grade. The university has been ranked 56 by NIRF. It has also been ranked 2 in India and 1 in Mumbai by Times B School. Shyam University is one of the top universities in Rajasthan. It is approved by UGC, BCI, Government of Rajasthan, AICTE, PCI and NCTE.
Location Mumbai, Maharashtra Mumbai, Maharashtra Dausa, Rajasthan
Admission Process Entrance Exam Entrance Exam Entrance Exam
Average Annual Fees INR 11,940 INR 1,00,000 INR 80,000
Average Annual Salary INR 4,00,000 INR 10,00,000 INR 3,70,000
Syllabus

PhD Banking and Finance: Syllabus 

Year 1 Year 2
Asset Pricing Theory Microstructure of Markets
Empirical Asset Pricing Continuous Time Finance
Foundations of Business Research Research Methods in Finance 1
Corporate Finance Theory Research Methods in Finance 2
Empirical Corporate Finance -
Empirical Corporate Governance -
Econometric Analysis OR Stats for Business Research OR Research Project Seminar -

PhD Banking and Finance: Important Books 

Name of the Books Author’s Name
Managing Risk in Financial Institutions: A comprehensive approach  P.hD Roberto Salomon 
Winning at Collaborations Commerce: the next competitive advantage Heidi Collins 
Job Prospects

PhD Banking and Finance: Job Prospects and Career Options 

A PhD in Banking and Finance is beneficial for the students who are interested in learning about the latest reforms in the banking sector.

There are a lot of career options available for students pursuing PhD in Banking and Finance like Lecturer/ Teacher, Stockbroker, Finance Manager, Statistician, etc.

PhD Banking and Finance: Job Profiles

Job Profile Job Description Average Annual Salary (INR)
Lecturer/ Teacher The role of a Teacher or a Lecturer is to teach students about the fields of banking and finance in universities and colleges. INR 3,50,000
Stock Broker The role of a Stock Broker is to buy and sell stocks and other securities in a stock market. INR 3,90,000 per annum
Financial Analyst Their role is to analyze the market trends and to help the company grow economically. INR 4,10,000 per annum
Credit Control Manager Credit Control Manager is responsible for controlling the payments of an organization. INR 5,00,000 per annum
Statistician Statistician is a person involved in theoretical or applied statistics. They analyze the data and supplement the knowledge in public and private sectors. INR 5,30,000 per annum

Salary Graph Trend 

Future Scopes

PhD Banking and Finance: Future Scopes 

The job roles after a PhD course are diverse. Students can find stability in their career within a few years. The finance and banking sectors are always open for new generations to show their skills and help improve the economy of the country. Students can easily find jobs in both private and public sectors. The salary increases with experience.

  • Students may go for further research work or for jobs in various fields.
  • Students can continue their research work in macro finance or micro finance fields.
  • Students can go for jobs in the sectors like banking, stock broker, finance manager, lecturer, etc.

FAQs

PhD Banking and Finance: FAQs

Ques: What is the average fee of PhD (Banking and Finance)?

Ans: The average fee for pursuing PhD (Banking and Finance) ranges between INR 80,000- INR 2,00,000

Ques: Which college in India offers PhD in Banking and Finance?

Ans: There are very few colleges in India that offer PhD in Banking and Finance. Two of them are:

  • R.A. Podar College of Commerce and Economics, Mumbai

  • Nagindas Khandwala College of Commerce, Mumbai

Ques: Is it necessary to do a PhD in Banking and Finance to get a job in banks?

Ans: No, it is not necessary to do a PhD to get a job in banks. But, if you want to get a higher post in the bank, doing a PhD will be a good option.

Ques: Is it necessary to do a PhD in Banking and Finance to become a professor in Finance?

Ans: Doing a PhD opens a lot of doors in the field of teaching. If you want to be a professor in Finance, a PhD degree in Banking and Finance will be a good choice.

Ques: Is it worth doing a PhD in Banking and Finance?

Ans: Yes, PhD in Banking and Finance is worth it. You can get numerous jobs that will pay you well. Also, you can do research in your field of study.

Ques: What are some of the main entrance exams for PhD in Banking and Finance course?

Ans: The main entrance exams for PhD in Banking and Finance courses are UGC NET, CSIR UGC NET, GATE, SET, NET, etc.

Ques: How long does it take to complete a PhD in Banking and Finance?

Ans: PhD in Banking and Finance is of three years. You can complete your research in these three years and get your Doctorate degree or you might go for further research.

Ques: What is the age limit for a PhD in Banking and Finance?

Ans: PhD in Banking and Finance is of three years. You can complete your research in these three years and get your Doctorate degree or you might go for further research.

Ques: Is it necessary to clear the PET exam to get admission to PhD in Banking and Finance course in K. P. B. Hinduja College of Commerce?

Ans: No, it is not necessary to clear the PET exam if you have qualified the GATE/ SET/ NET/ JRF Examination or any other national level examinations.

Ques: What is the maximum duration to complete PhD in Banking and Finance?

Ans: Usually, the course is to be completed within 3 years. But, some colleges offer more time to complete the research work and it can be a maximum of 4 years

Ph.D. (Banking & Finance) Fee Structure in India


2.40 L (Minimum Fee)PUBLIC COLLEGES2.40 L  (Maximum Fee)
2.40 L (Average Fee)
30.50 K (Minimum Fee)Private COLLEGES7.41 L (Maximum Fee)
2.91 L (Average Fee)

Comments



NO COMMENTS TO SHOW