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PhD Business Economics is the 3 to 5 year doctorate degree one can achieve in the field of economics. It involves specialized research in the topic related to the subject chosen and study of an extensive syllabus that includes fundamentals of research methodology, fundamentals of international business, fundamentals of accounting, etc.
PhD Business Economics can be pursued by those students who have successfully completed their PG Degree in Business Economics or similar subject. Some colleges and universities offer merit-based admission to students, but most of them require students to mandatorily pass their respective entrance examinations to gain admission into this course.
Top colleges and universities offering PhD Business Economics are University of Delhi, HKBK College of Engineering, Sharda University and Veer Bahadur Singh Purvanchal University. The overall course fee for this doctorate degree ranges between INR 28,000 to INR 2.5 lakhs.
Employment opportunities can be found in most of the banks, stock exchange, trade centers, financial institutions, etc. after successfully completing PhD in Business Economics. The degree-holders can acquire job positions such as marketing agent, business analyst, business development manager, zonal business manager, professor, editor, market research specialist, director of finance, insurance underwriter, market analyst, risk manager, stock broker, investment analyst, bank manager, etc.
Table of Content
PhD Business Economics Course Highlights
| Course Type | Doctorate Degree |
| Course Duration | 3 to 5 Years |
| Course Examination Type | Yearly System |
| Course Eligibility | Minimum aggregate marks of 55% in the related postgraduate stream or M. Phil. from a recognized university or board. |
| Course Admission Process | Entrance exam-based or merit-based |
| Course Fee | INR 28,000 to INR 2,50,000 |
| Course Average Salary | INR 3 to INR 17 lakhs per annum |
| Top Recruiting Companies | Banks, Stock Exchange, Trade Centers, Financial Institutions, etc. |
| Job Position | Business Analyst, Market Research Specialist, Director of Finance, Insurance Underwriter, Market Analyst, Risk Manager, Stock Broker, Investment Analyst, Bank Manager, etc. |
About the PhD Business Economics Course
- PhD Business Economics is a doctorate specialization degree that unites both the fields of business and financial matters for a more detailed investigation of both and furthermore for a basic focus on the field of business.
- Putting the corporate world as the center, the students figure out how to handle the issues in the field by proposing conceivable arrangements in an innovative way.
This course centers around a research-based study in the field. The candidates are acquainted with different degrees of business association and systems and the difficulties faced here. - PhD Business Economics helps in fostering the dynamic abilities, advising ideas, monetary standards, and so on of a person.
- Both comprehensive techniques and practical abilities are utilized in this course to all the more likely to furnish the students with important ranges of abilities needed for the job.
PhD Business Economics Admission Process
The admission process to this doctorate degree is based either on the results of various entrance examinations conducted by institutes or colleges or universities that offer this course or on the results of the qualifying examination.
Many of the universities and colleges in India that offer this doctorate degree in business economics have started their admission process to this course. There are universities and colleges that offer admission to students based on their performance in the entrance examinations and others that offer seats to candidates on the basis of merit. The following procedures are generally involved in the admission process of various universities and colleges:
Eligibility
- Candidates with a recognized Masters in Business Economics or MBE or an M. Phil. degree, who have passed with an aggregate mark of 55% or more are eligible for the course.
- Candidates who have obtained the pass marks for the entrance examinations conducted by various universities and colleges for gaining admission to this course.
Entrance Exams
| Exam Name | Registration Date | Exam Date |
|---|---|---|
| UGC NET | March 2022 – April 2022 | June 2022 |
| SET | 18 February 2022 – 30 June 2022 | 10 July 2022 – 13 July 2022 |
| CSIR NET | 3 December 2021 – 2 January 2022 | 29 January, 5 and 6 February 2022 |
| GATE | 2 September 2021 – 30 September 2021 | 5, 6, 12 and 13 February 2022 |
| SUAT | January 2022 – May 2022 | April 2022 |
PhD Business Economics Syllabus
The syllabus of this doctorate degree in business economics covers a wide variety of topics that enable the learners to apply quantitative skills and economic analysis to world business and economics and the challenges faced by these fields. The students gain a comprehensive understanding of the issues and challenges faced by the areas of management, business organization and strategies.
While the topic might differ from university to university, a general understanding of the following topics is required for a study of PhD in Business Economics:
| Fundamentals of Research Methodology | Fundamentals of International Business |
| Fundamentals of Accounting | Advanced Accounting and Finance |
| Advanced International Business | Advanced Research Methods – International Business, Accounting and Finance |
| Fundamentals of Organizational Behaviour and Development | Fundamentals of Marketing |
| Dissertation or Thesis | Seminar |
| Project | - |
Top Colleges in India
| College Name | Average Annual Fees |
|---|---|
| Delhi University | INR 30,000 |
| HKBK College of Engineering | INR 4,50,000 |
| Veer Bahadur Singh Purvanchal University | INR 2,20,000 |
| Adarsh College of Arts and Commerce | INR 2,00,000 |
| Sharda University | INR 3,00,000 |
| Maharaja Sayajirao University of Baroda | INR 76,000 |
| Lovely Professional University | INR 2,45,000 |
| Madras School of Economics | INR 28,000 |
| SRM University | INR 2,50,000 |
| Awadhesh Pratap Singh University | INR 1,25,000 |
PhD Business Economics Jobs
| Job Profile | Average Annual Salary |
|---|---|
| Business Development Manager | INR 8,13,000 |
| Business Analyst | INR 6,25,000 |
| Business Finance Associate | INR 7,75,000 |
| Zonal Business Manager | INR 5,99,000 |
| Brand Manager | INR 4,81,000 |
| Business Analyst | INR 6,00,000 |
| Researcher | INR 6,80,000 |
| Market Analyst | INR 4,60,000 |
| Risk Analyst | INR 5,16,000 |
PhD Business Economics: FAQs
Ques. What is the scope of a PhD in Business Economics?
Ans: It is one of the most sought-after doctorate degree programs. There is a high chance that one can obtain a highly paid job after this course. There is also the prospect of developing research abilities in this field and safeguarding future issues and challenges in the fields of business and economics. It can also find you research jobs in academia. Moreover, the skills you learn are also in high-demand nowadays.
Ques. What are some of the important books to be studied for a PhD Business Economics Course?
Ans: Sahitya Bhawan’s ‘Business Economics’, Ranjit Kumar’s ‘Research Methodology’, ‘Principles of Marketing’ by Philips T. Kotler, Gary Armstrong and Prafulla Agnihotri are some of the important books in this area.
Ques. What exactly is a PhD in Business Economics?
Ans: The PhD in Business Economics is a full-time program that ends with an award of the doctorate degree to the candidates. The candidates specialize in specific subfields of their choice and conduct researches in those fields.
Ques. What is the average salary of a person who has been awarded with a PhD in Business Economics?
Ans: The average salary of a PhD holder ranges between INR 3 lakhs and INR 17 lakhs per annum.
Ques. What is the job description of a business development manager?
Ans: A business development manager is required to contact potential clients and build connections with them so that meetings can be arranged to plan businesses together. They are also asked to supervise new initiatives and innovations in the field of business.
Ques. What is the duration of a PhD in Business Economics degree?
Ans: Normally, three to five years is the course duration of a doctorate degree in Business Economics.
Ques. What are the major entrance exams that are to be passed for admission into a PhD in Business Economics course?
Ans: UGC NET, SET, CSIR NET, GATE and SUAT are the various entrance exams conducted for admission into this course.
Ques. What is the eligibility for a PhD in Business Economics?
Ans: Students are required to have obtained a minimum of 55% or more aggregate marks in their Master of Business Economics (MBE) course or an M. Phil. course.
Ques. What are some of the topics covered in the syllabus of a doctorate degree in business economics?
Ans: Fundamentals of Research Methodology, Fundamentals of International Business, Fundamentals of Accounting, Advanced Accounting and Finance and Advanced International Business are some of the topics covered in the syllabus of this course.
Ques. Which job after PhD Business Economics is provided the highest salary?
Ans: A business development manager is given a salary of around INR 8,13,000 while a business finance associate has an average salary of INR 7,75,000. These are some of the highly paid jobs a PhD Business Economics graduate can hope to achieve.
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