M.Phil Commerce Course Details

Degree Masters
Full Form Master of Philosophy in Commerce
Duration Course Duration of M.Phil. (Commerce) is 2 Years.
Age No Age Limit Specified
Minimum Percentage 50%
Subjects Required Completed M.Com / MIB / MHROD / MFC / MBA / M.Sc / MA or equivalent
Average Fees Incurred INR 2000 - 70,000 per annum
Similar Options of Study M.Phil (English), M.Phil (Mathematics), M.Phil (Chemistry), M.Phil (Economics) etc.
Average Salary Offered INR 5.11 L per annum
Employment Roles Assistant Professor, Research Scientist, Quality Control Analyst, Project Manager, High School Teacher, Technical Specialist, Editor, Analytics Manager, Academic Coordinator etc.
Placement Opportunities Schools, Colleges, Universities, Consultation Firms etc.

About Master of Philosophy [M.Phil.] (Commerce):

  • Master of Philosophy [M.Phil] is a masters course which includes one year of coursework and one year for a dissertation which can be extended up to four years from the date of admission.

  • The course offers five areas of specialization in M.Phil:-

    • Accounting

    • Finance

    • International Business

    • Marketing

    • Organization, behavior, and development.

  • Eligibility in M.Phil Commerce is to have a bachelors degree in philosophy (Commerce) with a minimum of 50% in the respective subjects.
  • The M.Phil Commerce syllabus consists of some of the finest subjects mentioned below:-

    • Research Methodology
    • Financial and Cost Accounting

    • Financial and Computer Application Management

    • Internal Assessment
  • The applicants can opt for the online courses through universities like IGNOU where the applicants can learn about the subjects via the Internet.

What is Master of Philosophy [M.Phil.] (Commerce)?

What is Master of Philosophy [M.Phil] (Commerce)?

  • Its a one year course which is completely based on the subjects regarding the commercial and trade-related activities across the nation.

  • The eligibility criteria for the course is to complete one's masters in any stream with a minimum of 50% in the former course.

  • Below mentioned are the top M.Phil Commerce colleges /Universities which offer the course:-

    • Loyola College, Chennai

    • Presidency College, Chennai

    • IGNOU, New Delhi

    • Ethiraj College for Women, Chennai

  • Below mentioned are some of the M.Phil commerce subjects included in the syllabus:-

    • Research Methodology

    • Financial and Cost Accounting

    • Financial and Computer Application Management

  • The applicant has to go through ceratin Entrance exams conducted by Different Universities/Colleges in accordance with the admission procedure.

Why Choose Master of Philosophy [M.Phil.] (Commerce)?

 Why Choose Master of Philosophy [M.Phil] (Commerce)?.

  • You can become a lecturer with this degree qualification.

  • Below mentioned are some of the M.Phil Job opportunities:-
    • Lecturer

    • Consultant

    • Finance Manager

    • Accountants

    • Financial Advisor

  • It will act as a great support for your Ph.D. program.

  • It will help you to assess your interest fields.

  • It will boost your confidence in a certain field.

  • The graduates post-graduation will understand the value of M.Phil (Commerce) course when the professionals will be working in some of the elite organizations.
  • It will be a great learning opportunity as self-study and intense concentration are required.

Top Colleges for Master in Philosophy [M.Phil.] (Commerce):

Sl. No.

Name of the College


Loyola College, Chennai


Christ University, Bangalore


Presidency College, Chennai


Madras Christian College, [MCC] Chennai


Indira Gandhi National Open University, [IGNOU] New Delhi


Ethiraj College for Women, Chennai


DKM College for Women, [DKMCW] Vellore


Presidency College, Chennai


Dibrugarh University, Dibrugarh


Arignar Anna Government Arts College, [AAGAC] Thiruchirapalli

Eligibility Criteria for Master of Philosophy [M.Phil.] (Commerce):

Eligibility Criteria for Master of Philosophy [M.Phil] (Commerce)

  • The minimum qualification for admission to the M.Phil program will be at least 55% marks in the aggregate in M.Com / MIB / MHROD / MFC / MBA and other such degrees which are equivalent to the MBA degree of the University of Delhi and other Indian Universities.

  • However, the candidates with degrees other than M.Com / MIB / MHROD / MFC / MBA would be required to furnish an equivalence certificate from the Association of Indian Universities/ Delhi University or any other competent authority.

  • The onus of producing the relevant equivalence certificate lies on the candidate.

  • Candidates who have appeared for the examination in the above-mentioned postgraduate program can also apply.

  • Their applications will be considered subject to submission of their final results within a prescribed time stipulated by the Department and fulfillment of the minimum eligibility requirements.

Admission Procedure for Master of Philosophy [M.Phil.] (Commerce):

Admission Procedure for Master of Philosophy [M.Phil] (Commerce)

  • Admission to M.Phil Commerce program is through both entrance examination and merit-based.

  • Certain universities offer both direct admission and entrance based admission to the program. However, few Universities require candidates to have given any of the applicable Entrance Exams for M.Phil Commerce.

  • Candidates who are applying for the M.Phil Commerce program should beforehand have their results from the respective Entrance Exams required by the selected/opted Universities.

  • Applications for admissions can be availed either from the University website or by visiting the Admissions Office of the same. Candidates will have to fill out the required details in a match with the existing documents.

  • Candidates are advised to have a look at the list of Entrance Exams applicable for M.Phil Commerce, for various Universities. Candidates should also make sure they qualify in the Education Eligibility criteria with the minimum required marks.

  • Students are admitted to this course through a two-layered selection procedure, comprising a written test and a personal interview.

  • The written test covers five areas namely Quantitative methods for Research, Accounting Finance & Tax, International Business & Marketing, Human Resource Management & Law, and Economics.

  • Written Test generally consists of objective type questions with negative marking. The written test is usually held in the month of July or August.

  • The personal interview of the candidates qualifying the written test is usually held after one month from the date of written test. 

See Various M.Phil. (Commerce) Colleges in India

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