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PhD Finance or Doctorate in Philosophy in Finance is a doctorate course of a minimum of 3 years and can be extended upto 5 years. It is a research-oriented course that provides in-depth knowledge and understanding of finance and its related terminologies and concepts.
Candidates after completing PG Degree in relevant subjects or MBA in Finance from a recognized institution are eligible to apply for Ph.D. Finance course. Admission is provided through national and university-level entrance exams conducted by different institutions.
Some of the institutions that provide Ph.D. in Finance are IIMC, Woxsen University, IIT Madras, and many more. After completing the course, there are several opportunities available for a Ph.D. candidate in the business world and also in a research field.
PhD Finance graduates can work in different finance companies with different job profiles like Stockbrokers, Statistician, and Finance Manager and so on. An average salary of around INR 6 lakhs per annum to INR 9 lakhs per annum or more is generally provided to such professionals.
PhD Programme
Table of Content
PhD Finance Course Details
| Course type | Doctorate |
| Course Duration | 3 years- 5 years |
| Course Examination Type | Annual Examination |
| Course Eligibility | Masters in relevant subject from a recognized university with relevant subjects |
| Course Admission process | Entrance Based |
| Course Fee | INR 5,000 – INR 5,00,000 |
| Course Average Salary | INR 6 Lakhs per annum- INR 9 Lakhs per annum |
| Top Recruiting companies | Oracle, IBM, Accenture, TATA Consultancy, HDFC, ICICI, and so on. |
| Job Position | Finance Manager, Statistician, Stockbroker, Corporate Banking Executive, Professor, Researcher, and so on. |
About the PhD Finance Course
- PhD Finance deals with the understanding of the scope of research of finding new dimensions in Finance.
- These findings involve the knowledge and understanding of previous graduation and master level areas of Finance and economics studies.
- It involves topics like Investments, Corporate Finance, Statistics, Economics, and other related topics as well.
- Candidates involved in this course can further continue to work as a researcher or scientist and earn upto INR 6 lakhs per annum to INR 9 lakhs per annum.
- PhD Finance course provides a demanding job for different sectors like Accounting, Finance, Healthcare, e-Business, Management, Marketing, and other fields as well where there is a scope of Finance management.
PhD Finance Admission Process
Admission in Ph.D. courses is provided by the Entrance tests conducted at the national and university levels by different institutions. The entrance examination is followed by a personal interview. Some of the institutions may have a different process for selection including a Written examination and then a group discussion and a personal interview for final selection.
PhD Finance Eligibility
- Educational Qualification of PhD Finance includes that the candidate must have a passed degree of graduation and masters from a relevant subject from a recognized institution and board.
- Graduation and Masters Marks should be qualified with a minimum mark of 50%-60% or more depending on the institution and also should have related subjects like Mathematics, Finance, Statistics, Accounting or Economics.
- Candidates with MBA in other subjects can also apply for this course on the basis of their post-graduation marks and subjects.
PhD Finance Entrance Exams
| Exam Name | Registration Date | Exam Date |
|---|---|---|
| UGC NET | July 2022 | To be announced |
| JNUEE | July 2022 | August 2021 |
PhD Finance Syllabus
| Semester I | Semester II |
|---|---|
| Business Environment | Financial and Management Accounting |
| Planning Policy | Ratio Analysis |
| Industrial Policy | Partnership Accounts |
| Economic Policy | Financial Statements |
| Consumer Protection | Valuation of Shares |
| Privatization and Globalization | Basic Accounting Concept |
| Competition Policy | Responsibility Accounting |
| Legal Environment of Business in India | Advanced Company Accounts |
| Semester III | Semester IV |
| Business Economics | Business Management |
| Utility analysis | Planning Process |
| Demand analysis | Organizing |
| Laws of Returns | Decision Making |
| Price Determination in different market conditions | Staffing |
| Elasticity of Demand | Principles of Management |
| Concept of Profit | Business Ethics and Corporate Governance |
| Semester V | Semester VI |
| Marketing Management | Human Resource Management |
| Marketing Environment | Role and Function of HRM |
| Concepts of Marketing | Industrial Relations |
| Product Decision | HR Planning |
| Marketing Mix | Compensation |
| Pricing, Distribution, and Promotion | Training and Developing |
| Evolution of Marketing | Succession Planning |
PhD Finance Top Colleges in India
| College Name | Average Fees |
|---|---|
| Shailesh J. Mehta School of Management | INR 24,000 |
| Department of Management Studies- IIT Madras | INR 33,600 |
| Amity University | INR 450000 |
| National Institute of Technology | INR 550000 |
| Sharda University | INR 600000 |
| Alliance School of Business | INR 106000 |
| Woxsen University | INR 100,000 |
| Narsee Monjee Institute of Management Studies | INR 100,000 |
| Gitam University of Management | INR 900000 |
| Ahmedabad University | INR 450000 |
| Kalinga Institute of Technology | INR 600000 |
| Indian Institute of Foreign Trade | INR 180000 |
| Loyola Institute of Business Administration | INR 1,80,000 |
| K J Somaiya Institute of Management | INR 115,000 |
| Manipal Academy of Higher Education | INR 59,000 |
| Dayananda Sagar University | INR 72,000 |
| Presidency University | INR 70,000 |
PhD Finance Jobs
| Job Profile | Average Annual Salary ( INR) |
|---|---|
| Human Resource Manager | INR 7.5 Lakhs per annum |
| Credit Analyst | INR 5.7 Lakhs per annum |
| Bank Manager | INR 4.5 Lakhs per annum |
| Relationship Manager | INR 7.6 Lakhs per annum |
| CFA | INR 4 Lakhs per annum |
| Statistician | INR 3.5 Lakhs per annum |
PhD Finance FAQs
Ques. Is there any university that provides PhD Finance courses from Distance mode?
Ans. Most of the universities in India provide PhD Finance courses through regular mode. Only a few universities like Indira Gandhi National Open University provide this course through Distance mode.
Ques. What is the eligibility criteria for PhD Finance from Distance mode?
Ans. PhD Finance from Distance Mode has the same eligibility criteria as it is for Regular mode. Candidates should have passed masters or MBA with 50% marks.
Ques. What are the other specializations available under Ph.D.?
Ans. Other Specializations available under Ph.D. are Ph.D. HR, Ph.D. Accounting and, Ph.D. marketing.
Ques. What are the job profiles available after completing PhD Finance?
Ans. The job profiles available after PhD Finance are Business Analyst, Bank Manager, Finance executive, Accounting officer, Relationship Manager and so on.
Ques. What is the average fee for PhD Finance?
Ans. The average fee for PhD Finance is INR 2 Lakhs per annum to INR 10 Lakhs per annum.
Ques. Who should go for Ph.D.?
Ans. Ph.D. should be opted by those candidates who are interested in a long-term research field of finance, management and have skills like accounting skills, interest in corporate finance, business law and rules, and so on.
Ques. Name some of the recruiting companies that recruit Ph.D. candidates?
Ans. Some of the sectors like Government offices, Corporation offices, Consultancies, Budget Planning Departments are interested in recruiting Ph.D. candidates.
Ques. Mention some recruiting areas that provide jobs after completing a MBA in Finance?
Ans. Some of the recruiting areas are Healthcare, Fashion, Accounting, IT Management, Airlines, Banking, Tourism, and so on.
Ques. What is the future score after completing Phd Finance?
Ans. After completing a Ph.D., one can either go for future research work or work as a researcher or scientist in the same field. Other option can be the job availability in different sectors like Hospitality, Healthcare, Airlines, Accounting, Finance, Banking, and Management, etc.
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