Doctorate of Philosophy (Ph.D.) in Business Economics Course Details, Admission, Eligibility, Syllabus, Colleges, Salary, Career Prospects 2021

Sounak Banerjee's profile photo

Sounak Banerjee

Content Curator

Ph.D. in Business Economics is a doctorate program in the economics of 3-5 years full-time. This degree program offers the students guidance in developing their foundation surrounding the principles and fundamentals of economics, learning the skills which will aid in progressing their career in business.

Check Top Ph.D. Colleges in India here

Ph.D. in Business Economics trains a student to be able to analyze the process of the economy. This course makes students familiar with the economic situations prevalent in present-day India as well as foreign trade policies that affect the economy of our country. It also gives in-depth knowledge about the financial, organizational, market-related, and environmental issues faced by corporations.

PhD Business Economics syllabus includes subjects like Fundamentals of Marketing, Advanced International Business, Fundamentals of Accounting, and Advanced Accounting & Finance, macroeconomic theory, probability and statistics, econometrics, and other specialized topics.

Checkout: Top Colleges offering PhD Business Economics

The interested candidates need to qualify for the Master’s in Business Economics (MBE) or M.Phil with a minimum aggregate of 55% from a recognized university. PhD in Business Economics admissions are not quite complex as it seems to be. The admissions can be done both online and offline methods. Candidates are required to fill the form and submit it before the deadline date. The admission process varies from university to university, some conduct entrance exams which is followed by a round of personal interviews while others take direct admission.

Some of the top universities and colleges offering ­­­­ Ph.D. in Business Economics course in India are:

College Fee Structure Admission Process   Average Salary Package
Delhi University INR 30,000 Entrance test + Personal Interview INR 6-7 Lakhs
Adarsh College of Arts & Commerce INR 62,000 Entrance test followed by an interview INR 2 Lakhs
HKBK College of Engineering INR 90,000 Entrance test followed by a personal interview INR 4.5 Lakhs
Sharda University INR 50,000 UGC/ CSIR (JRF) NET/ GATE or SUAT and personal interview INR 3 Lakhs
Veer Bahadur Singh Purvanchal University INR 60,000 PUCRET conducted by the university followed by an interview round INR 2.2 Lakhs

After finishing Ph.D. in Business Economics course, you can find jobs in the banks, financial institutions, stock exchange, trade centers, etc. and the graduates can get job positions as a marketing agent, zonal business manager, business analyst, business development manager, etc.

There are a plethora of career opportunities available after pursuing Ph.D. in Business Economics course at the postgraduate level. Some popular job profiles include Business Analyst, Editor, Professor, Business Development Manager, etc.

What is the Admission Process of Ph.D. in Business Economics?

What is the Admission Process of Ph.D. in Business Economics? 

Admission to the Ph.D. in Business Economics program begins after the declaration of MBE or M.Phil in Business Studies examination results. The colleges and universities conduct entrance examinations for admission to Ph.D. in Business Economics courses which may be followed by a personal interview round as well and some private institutes grant direct admissions as well. The following are the major pathways through which admissions in Ph.D. in Business Economics course takes place:

Merit-based

Some universities/ colleges offer admission to this program based on the candidate's performance in the graduation examination.

  • In order to get direct admission to Ph.D. in Business Economics course, candidates are required to score good marks in their MBE or M.Phil in Business Studies degree examination.
  • The universities will prepare a merit list on the basis of graduation marks.
  • The shortlisted candidates will be called for document verification.
  • After the successful verification of documents, the candidates will be offered admission to the course.

Entrance-based

Most of the institutes and colleges offering Ph.D. in Business Economics program admit students based on their performance in the entrance examination conducted by the admission authorities followed by subsequent admission rounds.

  • Candidates must check the eligibility and apply for required exams.
  • Students are required to crack the respective exam of a college/university in order to get admission in the course.
  • After successfully appearing for the test, the college or university announces the result and releases a merit list of shortlisted candidates.
  • Shortlisted students then need to go through the college wise admission process.
  • Allotment of seats to the candidate is the final step, and after that the candidate is required to deposit the fee for the course and enrol for the specific academic session.

What is the Eligibility Criteria for Ph.D. in Business Economics? 

A candidate must qualify the following eligibility criteria in order to pursue the Ph.D. in Business Economics course from any college or university. The eligibility criteria for Ph.D. in Business Economics mentioned below is common to most of the universities and colleges across the country.

  • Candidates should hold their MBE or M.Phil degree in Business Economics.
  • Aspirants should have scored a minimum aggregate of 55% and above in their MBE or M.Phil degree from a recognized university.
  • Candidates should have passed the entrance examination conducted by the university for admission to this program such as PET, NET, and much more.

What are the Entrance Exams for Ph.D. in Business Economics? 

The aspirants of Ph.D. in Business Economics have to prepare for a series of grueling examinations to prove their credentials and gain admission into the top Ph.D. colleges and universities in the nation by dint of merit:

  • UGC NET- The full form of UGC NET is University Grants Commission National Eligibility Test. It is a national-level entrance test conducted by the National Testing Agency (NTA) biannually, on behalf of the University Grants Commission (UGC) to provide admission to an eligible candidate for the posts of Lecturer (LS) and/or Junior Research Fellow (JRF) in various colleges or universities across the nation.
  • SET- Symbiosis Entrance Test [SET] is a university level entrance test conducted by Symbiosis International University, Pune for admission into various Undergraduate and Postgraduate courses.
  • CSIR NET- The Council of Scientific and Industrial Research National Eligibility Test (CSIR NET) is a National Level Entrance Examination conducted to select the eligible candidates for the position of lecturers at colleges and universities, and for awarding the Junior Research Fellowship (JRF).
  • GATE- The GATE 2021 Exam intends to test the comprehensive knowledge of the student in the various subjects of undergraduate or postgraduate engineering courses. It happens to be one of the world's toughest exams to crack.
  • SUAT- SUAT (Sharda University Admission Test) is an All India Entrance examination conducted by Sharda University for candidates aspiring to get admissions into various courses offered by Sharda University.
Exam Name Application Date Exam Date Result date Mode of Exam
UGC NET 16 March 2020 to 30, June, 2020 24-25 September 2020 To be announced Online
SET Last week of January 2021 – Last week of April 2021 1st week of May 2021 The second week of May 2021 Online
CSIR NET 22 August, 2020 – 10 September, 2020 19 November, 2020 and 26 November 2020 To be announced Online
GATE 11 September, 2020 – 8 October, 2020 8-14 February, 2021 22 March, 2021 Online
SUAT Ongoing for next phase – 31 October, 2020 15 October 2020 – 31 October 2020 To be announced Online

Find Out: GATE Practice Paper, Mock Test Papers, and Preparation tips.

How to Prepare for Ph.D. in Business Economics Entrance Exams? 

Students should make a proper plan and timetable and devote their timetable and devote their time in a dedicated manner. A student studying in advance is a major requirement to relieve the stress immediately before the examination. Subjects with a higher level of difficulty and comprehension should be tackled with greater. Referral to previous year question paper to aid comprehension of question paper format and to gauge the importance of each chapter is necessary.

Some of the important course preparation tips are listed below:

  • Make a plan: Make a course plan that can help the students to plan according to the study of the work which enables them to keep both balanced.
  • Connect to the fellow students: Start connecting with peers who can help you to reduce stress at the time of examination.
  • Interact with professors: The interaction with the professors can bring a new insight into the subjects of the course.
  • Practice a lot: Programming and developing a lot of practice and hard work to be put into to expand the horizon of applications learning.
  • Look on to Journals: Since this degree program involves a lot of research-based studies, the candidates can subscribe to weekly journals to keep updated in the fields.

How to Get Admission in a Good College Offering Ph.D. in Business Economics? 

If you wish to get admitted to a top-notch Ph.D. in Business Economics College or university in India, then you really need to work very hard. Given below are some of the important guidelines that you must follow to get admitted to one of the top colleges or universities in the country.

  • You need to have really good marks in your MBE or M.Phil in Business Studies degree. Most colleges and universities consider the graduation percentage as an eligibility criterion. Make sure you have scored at least 50% overall score in your graduation degree.
  • Start preparing for the entrance examination at least a year before the date of the examination. This will definitely increase your chances of performing well in the examination and will also increase your confidence level.
  • There are a number of colleges and universities in India which conduct an interview after the entrance test. So, you must be prepared for the interview as well.
  • You must also find out whether the college/university where you wish to get admitted to is good enough for you or not. Check out the course curriculum offered by the college/university. Also, you should get to know about the type of faculties employed by the institution.
  • Get a complete idea about the placement scenario of that particular college or university. This is a very important factor in determining whether your college/ university is up to the mark or not.
Ph.D. in Business Economics: What is it about?
Ph.D. in Business Economics: What is it about?

Ph.D. in Business Economics: What is it about?

  • The Ph.D. in Business Economics degree program integrates the field of Economics with Business concepts emphasizing on the critical aspects of a business.
  • The students get a platform to enhance their knowledge about the corporate world and learn how to strategize solutions for issues that appear frequently.
  • The business economics program provides students with the full training of an opportunity to focus on research questions related to the field of business.
  • Throughout the program, the students get an intrinsic view of the challenges faced in the formation of the business organization and strategies.
  • The doctorate program in business economics renders a comprehensive outlook about the business world to the candidates by enhancing their foundation in the areas of decision making, economic principles, advising concepts related to business as well as studying the essential economic principles with efficiency.
  • The curriculum is devised in a manner which instills the overall understanding of the subject to the students using comprehensive methods as well as practical skills.
Ph.D. in Business Economics: Course Highlights

Ph.D. in Business Economics: Course Highlights 

The major highlights of the Ph.D. in Business Economics course are provided in the table given below:

Course Ph.D. in Business Economics
Level Doctorate
Duration 3 to 5 years
Eligibility MBE or M.Phil in Business Studies
Admission Process Merit based/ Entrance test followed by an interview
Average tuition fee INR 28,000 to 2.50 Lakhs
Job Positions Business Analyst, Bank Manager, Market Research Specialist, Investment Analyst, Director of Finance, Stock Broker, Insurance Underwriter, Risk Manager, Market Analyst etc.
Top recruiting areas Banks, Financial Institutions, Stock Exchange, Trade Centres, etc.
Average salary INR 3 to 17 Lakhs per annum
Why Study for a Ph.D. in Business Economics course?

Why Study for a Ph.D. in Business Economics course?

The Ph.D. in Business Economics course has a lot of career opportunities to offer to the students. Here we have listed for you a few reasons regarding why you should opt for a Ph.D. in Business Economics course:

  • PhD business economics enables students to apply economic analysis and quantitative skills to real-world business and economic policy issues.
  • The students are provided with a platform to enhance their knowledge about the business world and how to strategize the solution for issues related to businesses effectively.
  • Candidates through the program gain an intrinsic view into the issues corresponding to management, business organization and strategize.
  • This course will provide them a more detailed insight into research-based thesis development and also an in-depth study of the specialization fields present in Business Economics and their applications.
  • The graduates who hold a Ph.D. degree are very much entitled to receive many job opportunities with a higher pay scale.

Ph.D. in Business Economics: Course Comparison

Ph.D. in Business Economics vs. Ph.D. in Economics

Both courses are good courses and are postgraduate level courses. Ph.D. in Business Economics and Ph.D. in Economics may seem very similar, but there is a slight difference between them. Below we have compared these two courses and pointed out some common differences between them.

Course Ph.D. in Business Economics Ph.D. in Economics  
Level Doctorate Doctorate
Duration 3 to 5 years 3 to 5 years
Overview The Ph.D. in Business Economics degree program integrates the field of Economics with Business concepts emphasizing on the critical aspects of a business. Ph.D. in Economics course typically covers macroeconomics and microeconomics.
Eligibility MBE or M.Phil in Business Studies Post-graduation in Economics
Admission Process Merit-based/ Entrance test followed by an interview Based on counseling after clearing Entrance Tests like UGC-NET for different colleges
Average tuition fee INR 28,000 to 2.50 Lakhs INR 80, 000 to 6 Lakhs for three years
Job Positions Business Analyst, Bank Manager, Market Research Specialist, Investment Analyst, Director of Finance, Stock Broker, Insurance Underwriter, Risk Manager, Market Analyst etc. Accounting, Auditor, Banking and Finance, Insurance Investment, Marketing, Stock Broker, Media Analyst, Management, Manufacturing, Advertising, Communication, Actuarial etc.
Top recruiting areas Banks, Financial Institutions, Stock Exchange, Trade Centres, etc. Bank of India, Bharath forge, Bharat Petroleum Corporation Limited, BSNL, Cognizant, Ericsson India, Flipkart, Future Group, Goldman Sachs, Grasim Honda Two Wheelers, Indian Oil etc.
Average salary INR 3 to 17 Lakhs per annum INR 2 to 8 Lakhs per annum
What are the Top Colleges of Ph.D. in Business Economics?

What are the Top Colleges of Ph.D. in Business Economics?

The table below gives a list of top colleges and universities in India, where one can take admission for Ph.D. in Business Economics course. Find the details related to fees, admission process, accreditation, and location for these colleges and average annual package offered by the institute:

College Fee Structure Admission Process   Average Salary Package
Delhi University INR 30,000 Entrance test + Personal Interview INR 6Lakhs
Adarsh College of Arts & Commerce INR 62,000 Entrance test followed by an interview INR 2 Lakhs
HKBK College of Engineering INR 90,000 Entrance test followed by a personal interview INR 4.5 Lakhs
Sharda University INR 50,000 UGC/ CSIR (JRF) NET/ GATE or SUAT and personal interview INR 3 Lakhs
Veer Bahadur Singh Purvanchal University INR 65,000 PUCRET conducted by the university followed by an interview round INR 2.2 Lakhs
Maharaja Sayajirao University of Baroda INR 76,000 Entrance test followed by a personal interview INR 4.5 to 5 Lakhs
Awadhesh Pratap Singh University INR 1.25 Lakh Entrance test followed by a personal interview INR 5 Lakhs
Lovely Professional University INR 2.45 Lakhs Entrance test followed by a personal interview INR 4-5 Lakhs
SRM University INR 2.50 Lakhs Entrance test followed by a personal interview INR 3.63 Lakhs
Madras School of Economics INR 28,000 Entrance test followed by a personal interview INR 40,000

Read More:  Lovely Professional University Admission Process 

Fee and Salary
 

Ph.D. in Business Economics: College Comparison

Parameter Delhi University Maharaja Sayajirao University of Baroda Lovely Professional University
Overview Being one of the premier universities of the country, DU has become the role model and trendsetter for other universities. The University has around 80 Departments with 7 Lakhs students in the university over the decades. MSU Baroda campus has a vast area with 275 acres of land with facilities like Library, Health center, Computer center, Centre for Lifelong Learning and Extension, Department of Physical Education, University Press, Hostels, etc. Lovely Professional University [LPU] is located in Jalandhar, Punjab and it has a mammoth ultra-modern vast campus. LPU is one of the most prestigious universities in India devised under Punjab State Private University.
Location New Delhi, Delhi NCR Gujarat Punjab
Admission process Entrance test + Personal Interview Entrance test followed by a personal interview Entrance test followed by a personal interview
Average annual fees INR 30,000 INR 76,000 INR 2.45 Lakhs
Average annual package INR 6-7 Lakhs INR 4.5 to 5 Lakhs INR 4-5 Lakhs
Top recruiters TCS, Trident, Wipro, Times Internet, Tata Power-DDL, Tata Teleservices, Smart Cube, Sapient, Wave Infra, Royal Bank of Scotland, Novartis, Newgen Software   CEAT, TCS, Dabur India Ltd, SPCL, Healthcare Informatics, Quanta Process Solutions, Reliance Industrial Ltd, The Linde Group, Persistent etc. Google, ITC, KPMG, Morgan Stanley, SAP, IBM, TCS, Hindustan Unilever Ltd, Yahoo, Amazon, IBM, Ashok Leyland, Accenture, Capgemini etc.
What is the Ph.D. in Business Economics Syllabus?

What is the Ph.D. in Business Economics Syllabus? 

While the names of the subjects could change from university to university, Ph.D. in Business Economics students learn through the following domain.

The table below gives a detailed syllabus of the Ph.D. in Business Economics course. The syllabus is a comprehensive presentation. Individual universities and colleges may add some more sections as may be applicable.

  S.No.   Subjects of Study  
1. Fundamentals of Research Methodology
2. Fundamentals of Marketing
3. Fundamentals of International Business
4. Fundamentals of Organizational Behaviour and Development
5. Fundamentals of Accounting
6. Advanced Research Methods – International Business, Finance and Accounting
7. Advanced Accounting & Finance
8. Advanced International Business
9. Dissertation/ Thesis
10. Seminar
11. Project

https://collegedunia.com/courses/phd-business-economics

What are the Books for Ph.D. in Business Economics? 

If you want really good grades in your Ph.D. in Business Economics course, you must know which books you must read. Here is a list of some of the most important books for the Ph.D. in Business Economics course.

Name of the Book Author
Business Economics Sahitya Bhawan
Principles of Marketing Philips T Kotler, Gary Armstrong and Prafulla Agnihotri
International; Business Charles W.L. Hill, G. Thomas M. Hult, Rohit Mehtani
Accounting and Finance in Business M Bendrey, R Hussey, C west
Research Methodology Ranjit Kumar
What are the Job Prospects after Ph.D. in Business Economics?

What are the Job Prospects after Ph.D. in Business Economics?

Students of Ph.D. in Business Economics degree program after the successful completion of this course have a very wide range of opportunities in the field concerning Business Economics. They have opportunities in many years such as banks, financial institutions, research and development, stock exchanges, trade centres, finance departments, business parks, universities and much more. 

Some of the popular job profiles that candidates can pursue after completing their Ph.D. in Business Economics course are listed below:

Job Position Description Average Salary
Business Development Manager Business development managers are responsible for contacting potential clients to establish rapport and arrange meetings, planning and overseeing new marketing initiatives, researching organizations, and individuals to find new opportunities. INR 8.13 Lakhs
Brand Manager The responsibilities of the brand managers are to analyze the success of the marketing campaigns and creating reports, to supervise advertising, product design, and other forms of marketing, and to maintain consistency in branding. INR 4.81 Lakh
Business Analyst A business analyst reviews analyze and evaluate business systems and user needs, they identify user needs from user requests and develop strategies by which to meet those needs. INR 6.25 Lakhs
Zonal Business Manager Zonal Business Managers are responsible for making strategy and business plan for sales growth in his zone and work to implement it at the ground level by instructing, motivating, and inspiring his team members. INR 5.99 Lakhs
Business Finance Associate A business finance associate’s responsibilities are to work cohesively with a financial team, to provide an analysis of integral business decisions, to support and help to reach long and short term financial goals, to implement procedures to improve on various financial and business processes. INR 7.75 Lakhs
Salary and Jobs
What is the Future Scope after Ph.D. in Business Economics?

What is the Future Scope after Ph.D. in Business Economics?

This is a demanding curriculum based on surveys of business economists who were asked to list courses they have found valuable, wish they had taken, and/or look for in the people they hire.

  • PhD Business Economics graduates can find jobs in the government sector, one may try for Indian Economic Services, jobs in Reserve Bank of India, PSUs, and other public sector banks as well; all these jobs have wonderful career options.
  • Graduates may choose to enter one of the areas of business or industry for which your degree has prepared you, start your own business, or pursue careers with local, state, or federal government.
  • Just a few of the many business economics career options that often begin with a Ph.D. in Business Economics include business Analyst, bank manager, market research specialist, investment analyst, director of finance, stock broker, insurance underwriter, risk manager, market analyst.
  • The graduates can also upgrade their skills by doing many online certification courses on topics such as Tally, Financial Management, etc.
  • With some initial struggle, high-end jobs with good work experience are a very high possibility, and thus big scope in the future for career growth for PhD Business Economics graduates.
Ph.D. in Business Economics: FAQs

Ph.D. in Business Economics: FAQs

Ques.  What is Business Economics?

ANS: Business economics provides an analysis of the behavior of private firms operating in the different types of market structures.

Ques.: What are some of the subjects taught in Ph.D. in Business Economics degree programs?

ANS: The subjects taught under this degree are Fundamentals of Marketing, Advanced International Business, Fundamentals of Accounting, and Advanced Accounting & Finance, etc.

Ques.: What are the job prospects after Ph.D. in Business Economics?

ANS: The job opportunities for graduates in the field of Business Economics are huge in financial fields. The graduates can work as financial analysts or managers in organizations like RBI, SEBI, FICCI, etc.

Ques.: What is the eligibility criterion to pursue Ph.D. in Business Economics?

ANS: The interested candidates need to qualify for the Master’s in Business Economics (MBE) or M.Phil with a minimum aggregate of 55% from a recognized university.

Ques.: What is the average fees required to pursue Ph.D. in Business Economics?

ANS: The average fee to pursue Ph.D. in Business Economics is around INR 28,000 to 2.5 Lakhs per year.

Ques.: What are some of the posts offered to the graduates of Ph.D. in Business Economics?

ANS: Many job offers are made and the profiles offered are Business Analyst, Bank Manager, Market Research Specialist, Investment Analyst, Director of Finance, Stock Broker, Insurance Underwriter, Risk Manager, Market Analyst etc. in industries like Banks, Financial Institutions, Stock Exchange, Trade Centres, etc.

Ques.: Where can I pursue a Ph.D. in Business Economics program in India?

ANS: Some of the top universities and institutes offering Ph.D. in Business Economics program in India are provided in the table below:

Delhi University
Adarsh College of  Arts & Commerce
HKBK College of Engineering
Sharda University
Veer Bahadur Singh Purvanchal University

Ques.: What is the average salary for jobs after a Ph.D. in Business Economics degree?

ANS: A Ph.D. in Business Economics candidate receives an average salary of INR 3 to 17 Lakhs per annum.

Ques.: How can I crack the entrance exam to take admission in a Ph.D. in Business Economics degree course?

ANS: You have to upgrade observation & visualization; you should improve your speed and try to solve maximum mock test papers and previous year’s papers.

Ques.: What are the top entrance exams for a Ph.D. in Business Economics course?

ANS: NET, DET, SET, PET etc.

Ph.D. (Business Economics) Fee Structure in India


47.17 K (Minimum Fee)PUBLIC COLLEGES2.25 L  (Maximum Fee)
1.36 L (Average Fee)
16.68 K (Minimum Fee)Private COLLEGES2.25 L (Maximum Fee)
1.25 L (Average Fee)

Ph.D. (Business Economics) Fee Structure By state


Maharashtra

47.17 KPUBLIC COLLEGES47.17 K
47.17 K
16.68 KPrivate COLLEGES32.09 K
24.39 K

Comments



NO COMMENTS TO SHOW