Ph.D. (Commerce) is a three to five year course. Eligibility for the course is a postgraduate course in Commerce, candidates should have Bachelor’s degree in Commerce/Bachelor in Technology in Commerce from recognized University.
The tuition fees by average for Ph.D. (Commerce) comes between INR 4,000 to INR 2 Lakh for the span of three to 5 years.
Admissions for such course are on the basis of counselling after clearing entrance tests depending on the colleges. Some of them are:
Top institutes which are offering this course are as follows:
Major Job profile and designations for these graduates are Accountant, Chartered Accountant, and Company secretary, Cost Accountant, Finance Analyst, Finance Planner, Finance Manager, Finance Controller, Finance Consultant, Investment Analyst, Stock, Broker, Portfolio Manager and Tax Auditor etc.
Graduates with this degree have opportunity for the industries like Coaching Centres, Commerce Consultancies, Commerce Department, Home Tuitions, Museums, Private Tuitions, Publishing House, Research and Development Agencies and Schools etc.
The average salary for Ph.D. (Commerce) graduates is around INR 4 Lakh to INR 20 Lakh but this can be higher on the basis of experience and other factors.
Listed below are some of the major highlights of the course.
|Duration||3 to 5 years|
|Examination Type||Semester System|
|Eligibility||Post-graduation in Commerce|
|Admission Process||Based on counselling after clearing Entrance Tests like UGC-NET for different colleges.|
|Course Fee||INR 4,000 to 2 Lakh|
|Average Starting Salary||INR 4 to 20 lac per annum|
|Top Recruiting Companies||Coaching Centres, Commerce Consultancies, Commerce Department, Home Tuitions, Museums, Private Tuitions, Publishing House, Research and Development Agencies and Schools|
|Job Positions||Accountant, Chartered Accountant, and Company secretary, Cost Accountant, Finance Analyst, Finance Planner, Finance Manager, Finance Controller, Finance Consultant, Investment Analyst, Stock, Broker, Portfolio Manager and Tax Auditor|
This course aims at training professionals and teachers in the skills and competences related to the systematic investigation of various issues and problems in the area of Accounting & Finance, such as, management of risk, the valuation of financial assets, operations of capital markets, preparation and interpretation of financial and managerial information useful for an understanding of the theory and practice of investment and finance.
At this level, the study is expected to provide new and original insights into the problem or the area under investigation.
|NAME OF INSTITUTE||CITY||AVERAGE COURSE FEES|
|St Xavier’s College||Kolkata||INR 1.96 Lakh|
|Christ University||Bangalore||INR 2 Lakh|
|Theivanai Ammal College for Women||Tamil nadu||INR 50,000|
|Presidency College||Chennai||INR 20,000|
|Lovely Professional University||Punjab||INR 249,500|
|Kalinga Institute Of Industrial Technology||Bhubaneswar||INR 2.50 Lakh|
|THE NEW College||Chennai||INR 27,620|
|Dr Gr Damodaran College Of Science||Coimbatore||INR 67150|
|University Of Rajasthan||Jaipur||INR 45,800|
|K. P. B. Hinduja College of Commerce||Mumbai||INR 50,000|
|Ranchi University||Ranchi||INR 107,000|
|Jagran Lakecity University||Bhopal||INR 2.50 Lakh|
|Rashtrasant Tukadoji Maharaj Nagpur University||Nagpur||INR 60,000|
|Amity University||Gwalior||INR 100,000|
|Shri Ramswaroop Memorial University||Lucknow||INR 100,000|
|Meenakshi College For Women||Chennai||INR 50,000|
|School Of Commerce-Mahatma Jyoti Rao Phoole University||Jaipur||INR 2 lakh|
INR 10 lakh
To pursue a PHD course in Commerce the candidate should have bachelor’s degree in Commerce from recognized university. Also the masters in Biology/Pharmacy and Commerce or the relevant stream with aggregate of 55% marks and also with valid PHD entrance test along with the interview.
For admission to the Ph.D. programme in Commerce department minimum requirements are:
In India universities have rights to set their own procedure and standards for the PHD programme admissions. But the set of requirements for the application are similar. These should include a research proposal, detailing the proposed outline of your PhD project, and explaining the methodology you plan to employ.
This is referred to as the National Eligibility Test (NET) and is administered by the University Grants Commission (UGC) for most subjects, with the exception of Science and Engineering which are covered by the Council of Scientific and Industrial Research (CSIR).
Entrance Exams are:
Syllabus of Ph.D. in Commerce is designed as per the latest needs of industry and revised accordingly to keep it updated. The course aims to train students to identify problems in Accounting & Finance and come up with solutions apply their skills.
Core courses, electives and practical experience form part of its syllabus. The delivery method of this course offers a balanced approach by incorporating classroom learning along with workshops.
At different institutions, the syllabus may differ. Some subjects stay the same in syllabus of all institutes. Some of these subjects are briefly described in the table below:
|PAPER 1||PAPER 2|
|Research Methodology||Thesis Work and Dissertation|
|Area Specific basic paper|
Since, the significance of commerce has increased manifolds, post Liberalization, Privatisation and Globalization (LPG) era, the experience and knowledgeable candidates are getting handsome salary.
It’s challenging but is also quite scoring. So, if you have the knack for it, the sky is the limit.
Earlier, choosing the commerce stream would get you a few hand-picked commerce careers, like one in banking. That is no longer the case as the sector grows at an unbelievably fast pace.
With the positive changing scenario around the world in the realm of economic activity, selecting Commerce as a career option is one of the best to grab. Your pay package will lie somewhere between INR 3 to 8 lac per annum.
Some career options in Commerce for your reference as below:
The commerce is one of the three basic and broad fields of the education. You can join the government sectors or the private sectors. Some major industries where commerce graduates can find jobs are Banking, Accounts, Insurance, Management, Investments and many others. “By holding a good position and work experience in the respective field, you can earn beyond the limits”.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Lecturer/Professor||The NET is conducted to determine the eligibility for Junior Research Fellowship Award or Assistant Professor. A lecturer’s job provides a stable salary and gives you a chance to constantly increase your knowledge.||295,493|
|Banker||Bankers give their customers a wealth of services. They assist in initial banking requests such as setting up certificates of deposit and opening a checking or savings account as well as handling trusts, investment accounts, deposits, lines of credit and much more.||467,000|
|Human Resource Development Management||Human resource (HR) managers are involved with recruitment, training, career development, compensation and benefits, employee relations, industrial relations, employment law, compliance, disciplinary and grievance issues, redundancies etc.||455,286|
|Legal Adviser/Attorney||Legal advisors are lawyers specialized in a specific field of the law and are employed to prevent their clients from any legal implications or consequences. They must also know how to apply the law to their clients' circumstances. Legal advisors work in law firms where they supply legal advisory services to clients. They are a type of in-house lawyer, so they have the same educational requirements as a regular lawyer, which includes completing college, law school and the bar exam.||261,669|
|Chief Accountant/Chief Internal Auditor||The position of chief internal auditor exists for the purpose of evaluating accounting, financial, credit and other operational activities as an independent appraisal function. Nature and scope of the position reports to chief executive officer. Supervises. This position leads the Internal Audit Department in the accomplishment of its mission to provide assurance and consulting services to the University and to assist in the management of University risks. The CAO manages a current staff of four professional auditors who along with CAO make up the Internal Audit department.||243,264|
|Certified Management Accountant (CMA)||As a CMA, your duties and responsibilities may include dealing with financial strategies set forth by your employer. You may be asked for advice on issues involving taxes, risk and cost management, financial planning, and forecasting. Management accountants are key figures in determining the status and success of a company.||295,493|
|Market Researcher||The work of a market researcher is to study the market trend, market competitors before launching any new product. Analysing and interpreting data to identify patterns and solutions, including surveys and focus group transcript. A role in market research is all about data.||467,000|
|Account director||Responsibilities: Overall growth and development of accounts in his group. Typical activities|
– Taking a lead in clients’ marketing and advertising strategies
– Promoting the expansion of business with existing clients
– Working with other senior managers to generate new accounts
– Completing projects to a specific schedule and within an agreed budget
– Using your skills to push clients, and the agency, creatively and strategically
|Overseas Commerce Consultant||The overseas Commerce consultants will help you which country to choose for your overseas Commerce. This will be obviously decided bearing in mind your choice of stream/course of study.||455,286|