PhD Accountancy Jobs, Scope, Salary in India

Duration: 3 Years
Avg Fees: ₹2 LPA

PhD Accountancy jobs are available for graduates in a wider and more diverse variety of roles. Graduates will have job opportunities in both the private and public sectors. The employment options are very wide and diverse, due to the flexibility of the coursework that the students obtain. Some of the PhD Accountancy job lists include Associate Professor, Risk Analyst, etc. 

Career Prospects and Job Scope for a PhD Accountancy Graduate

Jobs for PhD Accountancy graduates are available to students at ease. Students can explore various career options based on the specialization chosen them. The PhD Accountancy scope of work for an individual is comprehensive and varies over a large number of working areas and sectors. The PhD Accountancy course aims to ensure that the students have access to all the vital and key information they need to succeed in their careers. Listed below are some of the popular PhD Accountancy jobs that are undertaken by students:

  • Associate Professor
  • Risk Analyst
  • Business Analyst
  • Corporate Analyst
  • Investment Banker
  • Research Associate
  • Operations Manager

Areas of Recruitment for PhD Accountancy

There is a large scope of PhD Accountancy jobs for graduates in both the private and public sectors. The future of PhD Accountancy is promising, with reputable professional options and chances in practically every field. Some of the fields of recruiting for PhD Accountancy graduates are listed below:

  • Banking Sector
  • Insurance Industry
  • Financial Institution
  • Research and Development
  • Economic Consultancy
  • Commercial Sectors
  • Customs Department
  • Financial Firms
  • Indian Economics Services(IES)
  • Indian Statistical Services(ISS)

PhD Accountancy Salary

As per Payscale, the average PhD Accountancy job income in India is INR -14 LPA. The salary that an individual receives when they start a new job is influenced by a number of factors. Experience in the field, interpersonal skills, area of specialization, and knowledge in the area of specialization are some of the factors that influence income after PhD Accountancy.

The placement opportunities provided by a college/university can have a significant impact on a graduate's salary pay.

Both the government and the private sector provide PhD Accountancy opportunities for good income positions. A table of salary packages for various job positions after PhD Accountancy is provided below:

PhD Accountancy Salary in India

The average PhD Accountancy salary in India for graduates is around INR 7-14 LPA [Source: PayScale]. The table below shows the salary breakdown of PhD Accountancy graduates in India:

PhD Accountancy Salary

Amount

Highest Salary

INR 14 LPA

Lowest Salary

INR 5 LPA

Average Salary

INR 6-8 LPA

Source: Payscale

The table below contains the list of PhD Accountancy job profiles and their average salaries per annum:

Designation

Salary

Associate Professor

INR 7.2-12 LPA

Risk Analyst

INR 5-7 LPA

Business Analyst

INR 8.5-11 LPA

Investment Banker

INR 9-11 LPA

Corporate Analyst

INR 8.5-11 LPA

Source: Payscale

PhD Accountancy Salary Abroad

For students pursuing this course, salary abroad includes a wide range of opportunities. It is a hands-on course that provides students with the opportunity to excel in their skills. The following is a list of salaries for PhD Accountancy graduates working abroad:

Job Profile

Salary

Chief Financial Officer

USD 165,246

Corporate Controller

USD 130,058

Dean, Business School

USD 155,344

Financial Controller

USD 82,314

Research Fellow

USD 55,416

Source: Payscale

Career Scope of PhD Accountancy

Candidates after completing the PhD Accountancy programme can pursue a variety of careers. After completing the course, students can either seek a job or pursue higher education. The PhD Accountancy scope is rapidly expanding and will continue to do so in the near future. PhD Accountancy graduates can work in a variety of fields in both the private and public sectors. 

Career Options after PhD Accountancy

There are numerous opportunities and professional options available after completing PhD Accountancy. Students can pursue higher studies or pursue a job. It all depends on whether the student wants to work after finishing their PhD in Accountancy or continue their education. Students can make decisions based on their skills and interests. Following are some of the most popular post-PhD Accountancy career options:

  • Risk Analyst: Risk analysts examine the firm's investment portfolio and make recommendations on how to reduce investment risk and find the best investment. 
  • Corporate Analyst: Corporate analysts examine and assess the organization's finances and assets, as well as design new sales strategies.
  • Investment Banker: Assisting customers with mergers and acquisitions decisions, providing investment ideas, and providing financial advice on investments are all part of the job.
  • Research Associate: A research associate works in an investment bank's research department, an asset management firm's research department, or another financial service firm's research department to collect, organize, and synthesize data to assist decision-makers in the firm's sales and trading function.

Government Jobs for PhD Accountancy Graduates

Soon after completing a PhD in Accountancy, students are eligible to apply for various government jobs. According to Payscale, the average PhD Accountancy job income in India is INR 7-14 LPA. In government organizations, some of the PhD Accountancy employment roles include:

Top Government Hiring Roles

Salary

Associate Professor

INR 7.2-12 LPA

Risk Analyst

INR 5-7 LPA

Research Associate

Depends on the project

Business Analyst

INR 8.5-11 LPA

Source: Payscale

Private Jobs for PhD Accountancy Graduates

PhD Accountancy graduates can find various opportunities in the private sector. The average salary after PhD in Accountancy is INR 7-14 LPA (Source: Payscale). Some of the private jobs for PhD Accountancy graduates are listed below, along with their salaries:

Job Roles

Average Salary

Corporate Analyst

INR 8.5-11 LPA

Investment Banker

INR 9-11 LPA

Operations Manager

INR 7-9 LPA

Money Manager

INR 12-16 LPA

Source: Payscale

Job Opportunities Abroad for PhD Accountancy Graduates

PhD Accountancy is one of the most popular degrees among Indian students who wish to study abroad. Not only is the PhD Accountancy course curriculum good and aligned with the current financial needs of the world, but a PhD Accountancy degree from abroad also gives students a good possibility of working and residing abroad.

Top Companies for PhD Accountancy Graduates

Below is a list of the top organizations that hire PhD Accountancy Graduates:

  • Deloitte
  • PwC
  • KPMG
  • BDO
  • Grant Thornton
  • RSM
  • Crowe Global
  • Nexia International
  • Baker Tilly

Best Countries for PhD Accountancy Graduates

Below is the list of top countries offering job opportunities to PhD Accountancy Graduates:

  • USA
  • UK
  • Canada
  • The Netherlands
  • Australia
  • New Zealand
  • Ireland
  • Singapore

Various Career Designations Abroad for PhD Accountancy Graduates

Here is the list of exciting job roles that attract PhD Accountancy graduates to work abroad:

  • Chief Financial Officer
  • Corporate Controller
  • Financial Controller
  • Dean, Business School
  • Research Fellow
  • Accountant Manager

Famous PhD Accountancy Graduates

There are many influential people in the world in the field of Accountancy who have become famous for their contributions. Some of such famous personalities are listed below:

  • Joe Adams
  • Al Anderson
  • Luca Pacioli
  • J.P. Morgan
  • Josiah Wedgwood
  • Michael Bernard

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