M.Phil Commerce: Course Details, Eligibility, Admission, Fees

Updated on - Jan 4, 2023

M.Phil in Commerce is a two-year-long postgraduate course that deals with Accounting, Finance, International Business, Marketing and organization behavior, and development in the field of the corporate world. The students have a wide variety of job roles, providing them the M.Phil in Commerce job opportunities as Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, and Research Assistant, etc.

M.Phil Commerce Course Details

Degree	Masters
Full Form	Master of Philosophy in Commerce
Duration	2 Years
Age	No Age Limit Specified
Subjects Required	Completed M.Com / MIB / MHROD / MFC / MBA / M.Sc / MA or equivalent
Minimum Percentage	50%
Average Fees	₹2K - 70K PA
Average Salary	INR 5.11 LPA [Source: Glassdoor]
Employment Roles	Assistant Professor, Research Scientist, Quality Control Analyst, Project Manager, High School Teacher, Technical Specialist, Editor, Analytics Manager, Academic Coordinator etc
Top Recruiters	Schools, Colleges, Universities, Consultation Firms etc

About M.Phil in Commerce

M.Phil in Commerce makes use of instructional material, special instructional methodology, learning-teaching assistive devices of this type that make it easier for the students to grasp the concepts of accounting and finance to help the corporate world. The course falls under the umbrella of M.Phil. According to Wikipedia, "The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, and the moral obligations that pertain to it."

Table of Contents

M.Phil in Commerce Eligibility Criteria
M.Phil in Commerce Admission Process
Popular M.Phil in Commerce Entrance Exams
Top M.Phil in Commerce Colleges
Fees Structure for M.Phil in Commerce
Syllabus and Subjects for M.Phil in Commerce
Why Choose M.Phil in Commerce?
Preparation Tips for M.Phil in Commerce
Scope of Higher Education after M.Phil in Commerce
M.Phil in Commerce Salary
Career Options After M.Phil in Commerce
Skills To Excel

Eligibility Criteria for M.Phil in Commerce

M.Phil in Commerce admission is offered to students who successfully achieve the minimum criteria for the eligibility requirements. The M.Phil in Commerce eligibility demands the students to have pursued a Master's degree examination from a recognized institute. There is no age limit for this course.

How To Get Admission in M.Phil in Commerce?

The M.Phil course in Commerce process to get admission does not differ according to the specialization students choose to pursue. For pursuing the degree M.Phil in Commerce, students must satisfy the eligibility criteria which can be found out by both online and offline methods. Below are some questions regarding the details of the admission process in general:

How to Apply?

M.Phil in Commerce course details for admissions are available on the official websites to which the students want to apply. After checking the M.Phil in Commerce admission 2021, course eligibility, registration can be carried out through online and offline methods.

Selection Process

Mostly the selection process for M.Phil in Commerce in India is based on the student's entrance exam marks. The selection for the course is also based on the merit obtained by the students in their postgraduate marks. Students are made aware of their result through a brisk professional email or they can visit the official website of the university.

Popular Entrance Exams for admission in M.Phil in Commerce

Almost all the M.Phil in Commerce best colleges in India have primarily been conducting an entrance exam-based admission. Some of the top M.Phil in Commerce entrance examinations are:

A Quick Glance at the Entrance Exams for M.Phil in Commerce

The entrance exam gives a glance at the entire course, thus giving an overview of the topic. Given below is the general exam patterns:

In the application form, the mode of examination is given for the examinee to attend to, which can be online as well as offline.
Only the questions are based on the specific course selected by the student.
Both the online and offline consist of the 100 questions based on the specialization 6selected.
120 minutes or 2 hours given to the students for solving the paper

Top 10 Colleges for M.Phil in Commerce in India

The best colleges for M.Phil in Commerce India are located all around the country. Students must enroll in the best colleges solely based on their merit and specialization needed. Some of the top universities in India for M.Phil in Commerce are listed below:

M.Phil Commerce Colleges
Sl. No.	Name of the Institute
1	AVC College
2	Berhampur University
3	Bharath College of Science and Management
4	Bhavnagar University
5	C. Abdul Hakeem College
6	CBM College of Arts and Science
7	Christ University
8	CMS College of Science and Commerce
9	Dibrugarh University
10	DKM College for Women

Fee Structure for M.Phil in Commerce

M.Phil in Commerce fees for various M.Phil in Commerce universities in India is around INR 5,000 - 40,000 PA while the fee could vary due to the facilities, location, and faculty.

M.Phil Commerce Course Fee
Sl. No.	Name of the Institute	Average Annual Fees
1	DKM College for Women, Vellore, Tamil Nadu	INR 9,200 PA
2	Dr Ambedkar Government Arts College, Chennai, Tamil Nadu	INR 7,165 PA
3	Christ University, Bangalore, Karnataka	INR 32,500 PA
4	AVC College, Tamil Nadu	INR 6,000 PA
5	Berhampur University, Berhampur, Orissa	INR 10,595 PA

Syllabus and Subjects for M.Phil in Commerce

M.Phil in Commerce course duration is two years of two semesters. The syllabus and subjects are designed to provide unique and futuristic skills & training to the students about accounting and finance problems. The best colleges for M.Phil in Commerce in India degree syllabus equips students with the knowledge of accountancy and finance and philosophy about the corporate world. Some of the main subjects are given below:

Accounting
Finance
Research Methodology
Philosophy

Read More About M.Phil in Commerce Syllabus and Subjects

Why Choose M.Phil in Commerce?

Students often wonder about the various M.Phil in Commerce details before choosing the course. Before deciding on a career, students come across mundane questions like, "What is M.Phil in Commerce?" and "Why choose M.Phil in Commerce?”. The following questions are answered to answer all your queries:

What is M.Phil in Commerce All About?

M.Phil in Commerce is a course that requires the students to complete a two-year study. It is a full-time postgraduate course that focuses on accounts and finance with regards to offices and their philosophy. The main objective of M.Phil in Commerce in India is to educate students in the way of finances regarding the corporate world.

What Does a M.Phil in Commerce Graduate Do?

M.Phil in Commerce offers career options that are available in both private and public organizations. M.Phil in Commerce jobs in government offices like Lecturer, Speaker, Teacher, Assistant Professor. While also, in the private sector jobs like Consultant, Human Services Worker, Scientist, Social Service Workers, and Research Assistant are available.

Finance Managers: Financial managers oversee the finances of major companies, agencies, and everything in between according to their responsibilities. They coordinate accounting and produce financial reports, cash-flow statements, and profit projections.

Reasons Why M.Phil in Commerce Can Fetch You a Rewarding Career?

M.Phil in Commerce can be a rewarding career for graduates as it prepares students for the treatment of mental health patients for the betterment of society.

Career Scope and Options: Students who may apply for this course include a wide variety of careers for students who are opting this. Finance Managers work in offices and have a variety of job titles, such as Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, and Research Assistant.

Read More About M.Phil in Commerce Jobs

Preparation Tips for M.Phil in Commerce

M.Phil in Commerce is an upcoming career option, and students should be well prepared before continuing with the course. Some of the important tips for students seeking admission to the topmost M.Phil in Commerce colleges in India are:

Course Research: An overview look at the course to understand the course more coherently. Analyzing the course thoroughly makes the student decide their way of education.

Improvise Your Skills: Improving various cooperative and problem-solving skills can make a huge difference that affects the course decision heavily.

Internship - Indulging in an internship gives the student a face-to-face experience in the field.

Scope For Higher Education

An M.Phil in Commerce is a postgraduate course that students pursue after their Master’s degree in order to learn more about finance and accountancy. Below are some of the most popular higher education options available for students after completing an M.Phil in Commerce:

Salary of a M.Phil in Commerce

The average salary for a M.Phil in Commerce graduate is around INR 5 - 7 LPA (Source: PayScale) which increases gradually due to the experiences and skills of the student. Students can further increase this salary through higher education or work experience.

Read More About M.Phil in Commerce Salary

Career Options After M.Phil in Commerce

M.Phil in Commerce graduates can work as Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, and Research Assistant in the different private and public sectors. Some of the vacancies offered to graduates are: