PhD in Commerce is a three to five year long doctorate course that deals with management and finance theories, entrepreneurship methods to employ in the real time work. The course is a research based course and upon completion there are many job opportunities available to the students. Some of the job roles graduates start with are Associate Professor, Research Consultant, E-Commerce Executive, Accounts Executive.

PhD Commerce Course Details

Degree Doctorate
Full Form PhD in Commerce
Duration Course Duration of Ph.D Commerce is 3 Years.
Age No age limit
Minimum Percentage Minimum 55% of marks in the Master's Degree
Subjects Required Commerce, Accountancy, Economics
Average Fees Incurred INR 50,000 to 2 LPA
Average Salary Offered INR 5 - 7 LPA [Source: Glassdoor]
Employment Roles Associate Professor, Research Consultant, E-Commerce Executive, Accounts Executive
Placement Opportunities State Bank of India, Reserve Bank of India, HDFC Bank, IBM, Mahindra and Mahindra Financial Services

About PhD Commerce

PhD in Commerce duration is three to five years long. Wikipedia defines qualification for PhD in Commerce as, “A Doctor of Philosophy is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is an earned research degree, those studying for a PhD are required to produce original research that expands the boundaries of knowledge, normally in the form of a thesis or dissertation, and defend their work against experts in the field.” The specialization falls under the umbrella of Ph.D.

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Eligibility Criteria for PhD Commerce Course

For PhD admission in Commerce, it is an essential step for the graduates that they fulfill the eligibility criteria. The common eligibility for Ph.D in Commerce is to have completed a master's degree in commerce or accountancy as in M.Com, MPhil, or even MBA with more than 55% aggregate marks. The candidates who are imparted with the knowledge and at least two years of experience in research in any recognizable institutions are also excluded from the entrance test. There is no age limit for admission to the course.

How To Get Admission in a PhD Commerce Course?

For admission for PhD in Commerce, students must ensure that they meet all the eligibility criteria for the course. The applicants selected from the written entrance test are further tested with the round of personal interviews organized by the Departmental Research Committee. The candidates who have cleared the interview round by showcasing their knowledge and skills are admitted into the program. Mentioned below are the details of the admission process in general:

How to Apply?

The PhD Commerce course admission is possible through two means, online methods and offline methods. The top PhD colleges in India for Commerce give admission on the basis of entrance exams and the merit obtained by the students in their postgraduate courses. A merit list is subsequently released, allocating seats to qualifying candidates by the college.

Selection Process

For the selection in the PhD in Commerce course, the candidates who cleared the National Eligibility Test for Junior Research Fellowship such as UGC-NET-JRF, ICMR-JRF, DBT-JRF, DST-INSPIRE, and Council of Scientific and Industrial Research National Eligibility test are excluded from the entrance examination conducted by the institution however they are supposed to attend the consecutive round of interview.

The PhD in Commerce course duration for the students is between three to five years. One of the important steps for the admission process is the entrance exams. The entrance exams are conducted at a national level, state level, or college level. Following are few such entrance exams:

A Quick Glance at the PhD Commerce Entrance Exams

The best Commerce PhD colleges in India consider an entrance exam as an important defining factor when giving admission to the aspirants. The full form of PhD in Commerce is Doctor of Philosophy in Commerce. The PhD duration is three years to five years, spread between six to ten semesters. The duration of the course depends on PhD topics in Commerce and the main research that the aspirants decide to take up. Listed below are the general guidelines for these exams:

  • The entrance test subjects include Mathematics, Commerce, and General Aptitude.
  • The mathematics paper consists of topics such as differential equations, linear algebra, complex and vector analysis, numerical methods, calculus, probability, and statistics.
  • The commerce paper concentrates on the business environment, financial and management accounting, nature of business economics, data processing and business statistics, principles of business management, financial and marketing management, human resources management, banking, and international business.

Top 10 PhD Commerce Colleges in India

The top universities in India for PhD in Commerce provide students with all the important facilities and faculty they need to succeed in their research-based career. There is a list of universities offering PhD in Commerce in India that ensure that the students have access to all the information and faculty that they need. Some of the Best Universities for PhD in Commerce in India are listed below: 

PhD in Commerce Colleges in India

Sl. No.

Name of College

1

University of Delhi

2

Christ University

3

St.Xavier’s College, Kolkata

4

CMR University

5

Gujarat University

6

IGNOU

7

Jamia Millia Islamia

8

NIMS University

9

Loyola College

10

Amity University, Jaipur

Fee Structure for PhD Commerce

The best college for PhD in Commerce in India provides students with scholarships and fundings when they choose to pursue the course. The PhD in Commerce fee is not fixed and can depend on many factors. Some of the factors which influence the fee include, the location, faculty, and facilities available to the students. The annual fee required by notable colleges varies from INR 50,000 to 2 LPA. 

PhD in Commerce Course Fees

Sl. No.

Name of the Institute

Average Annual Fees

1

St. Joseph's College of Commerce, Bangalore

INR 1.3 LPA

2

St. Xaviers College, Jaipur

INR 63,000 PA

3

Jyoti Nivas College, Bangalore

INR 30,000 PA

Syllabus and Subjects for PhD Commerce

The PhD in Commerce duration is up to two years which probably gets extended because of the thesis work given to the candidates. This doctorate course is a prestigious course as it honors the graduates with the post-nominal initial ‘Dr’ and the course deals with management and finance theories, entrepreneurship methods to employ in real-time work. The course has a duration of three to five years. Part of the curriculum includes both core and elective subjects. The core subjects are compulsory subjects. The elective subjects are decided based on the electives. Listed below are some of the core subjects in the course:

  • Basic Economic Concepts
  • Accounting Theory
  • Corporate Finance Theories
  • Contemporary Management Theory
  • Classical Management Theory

Read More On PhD Commerce Syllabus and Subjects

Why Choose PhD Commerce?

Students often wonder about PhD in Commerce course details before choosing the course. Before deciding on a career, students come across queries like, "What is a PhD in Commerce Course?" and "Why choose a PhD Commerce degree?”. To clearly understand answers to these questions and know more about PhD Commerce course, we have framed the following three pointers:

What is PhD Commerce All About?

PhD in Commerce in India is a doctoral program that aims to help students learn about commerce, finance, business studies in great detail and depth. Commerce is all about trading and exchanging commodities and services all around the world and managing a business successfully in all aspects.

The Ph.D topics in Commerce include business economics, information management, accounting, entrepreneurship and finance, financial markets, logistics management, labor relations, and supply chain management. The PhD course duration is between three to five years, spread across six to ten semesters.

What Does a PhD Commerce Graduate Do?

The main role of a PhD in Commerce is to research and create new findings in the world of commerce. The PhD is a research-based course, which makes the course very detailed and in-depth. The students are expected to work on independent research projects when undertaking this course.

Researcher: Researchers are responsible for using various methods and techniques to conduct research. Some of the techniques include collating resources such as journals, newspapers, and internet searches. They can work as specialists in market research, medical research, scientific research, or public policy.

Reasons Why PhD Commerce Can Fetch You a Rewarding Career?

There are many job opportunities and scope available to the graduates after the completion of a PhD in Commerce course. The candidates who have completed their PhD in Commerce can work as E-Commerce Executive, Accounts Executive, Consultant, etc in government finance sectors such as Reserve Bank of India, State Bank of India, and various government finance sectors such as Income Tax Department, National Insurance Company, etc. 

Demand: There is a demand for graduates of the PhD in Commerce course amongst the employers. This doctorate course is a prestigious course as it honors the graduates with the post-nominal initial ‘Dr’ and the course deals with management and finance theories, entrepreneurship methods to employ in the real-time work.

Read More On PhD Commerce Jobs

Preparation Tips for PhD Commerce

When pursuing a PhD in Commerce course, it is an essential requirement for the students to prepare themselves for the course and the exams. Listed below are some of the essential tips that the students should take: 

Get to Know the Basics: Getting to know the basics lays a strong foundation for any course of study. This makes it easy for any candidate to start the course with ease.

Reference books: Some of the books for Ph.D Entrance exam in Commerce available in the market are Objective Commerce written by Dr. Sima Kumari, Research Methodology written by N.Arumugam, and UGC NET Commerce written by Kataria Parveen.

Start early: Candidates should start early to prepare for entrance exams and starting early to know the concepts and modules of the course could help a candidate graduate the course.

Salary of a PhD Commerce Graduate

The PhD in Commerce salary is not fixed and can vary according to many factors. The jobs after PhD in Commerce for graduates are very rewarding and diverse, due to which the graduates can expect a very rewarding salary from their employers.

Some of the factors which can influence the PhD Commerce salary include location, designation, and experience. The average salary for PhD in Commerce graduates is around INR 5 - 7 LPA [Source: Glassdoor].

Read More on PhD Salary

Career Options After PhD Commerce

There are many job opportunities available to PhD in Commerce graduates. Job opportunities are available in both the public and private sectors. The graduates of this course are exposed to many important research and commerce-related topics and skills. The most common roles the graduates work as are:

  • Business Development Officer
  • Chief Finance Officer
  • Financial Accountant
  • Finance Director
  • Tax Examiner
  • Finance Controller
  • Management Accountant
  • Mutual Funds Manager
  • Market Researcher
  • Statistical Research Consultant

Skills That Make You The Best PhD Commerce Graduate

There are many skills that PhD Commerce graduates need to have to ensure that they succeed in their careers. Some of these skills are listed below:

  • Flexible Temperament
  • Ability to Work Under Pressure
  • Time Management Skills
  • Quantitative Ability Skills
  • Logical Reasoning Skills

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