byGaganDeep
Updated on - 21 May, 2024
M.Phil. or Master of Philosophy Degree (Commerce) is a postgraduate program in commerce which is usually a 1-2 year course. The program is designed to provide for the acquisition of higher-order learning competencies and higher-order thinking to tackle difficult problems in fields of specialization such as accounting, finance, economics, marketing, human resource management, and management. The students are taught on research tools, methods of statistical analysis, and academic writing to prepare them to work on an independent research project and thesis under faculty supervision.
The entrance exams like UGC NET, SET, CAT, XAT, MAT, ATMA, CMAT etc. may be accepted for admission for M.Phil. Description of commerce programs in different campuses. Exam notifications and filling up of application forms are carried out around November-December, the exams are arranged in the period of February-May and results are declared in the month of June-July suitable for classes which are to be started in the session of July-August.
| Feature | Details |
|---|---|
| Full Form | Master of Philosophy (Commerce) |
| Duration | 2 Years (Full-Time) |
| Course Level | Postgraduate Research |
| Eligibility | Master's Degree in Commerce (M.Com) or a related field with a minimum percentage (often 50-55%) |
| Top Colleges (India) | Delhi School of Economics (DSE) - University of Delhi, Jamia Millia Islamia University, Banaras Hindu University (BHU), University of Mumbai, Indian Institute of Management Calcutta (IIM Calcutta) (Fellow Programme in Management - FPM) |
| Entrance Exam | University Entrance Exams, UGC-NET |
1. Graduate in Commerce or related subjects like Economics, Statistics, Management with minimum 55% of aggregate results.
2. Others may even accept applicants with a Master’s in Commerce and related fields.
3. Age restriction- There are no restrictions as far as age is concerned.
4. University follows the process that includes the entrance test followed by personal interview that will be conducted by the universities.
5. A past work experience in related fields may be accepted also by some institutions.
6. It is advisable for candidates to establish their eligibility according to the eligibility criteria established by the particular university or institution that they intend to apply.
1. UGC NET: This Test is designed to assess the candidates teaching and research aptitude in commerce subjects and is qualifying test for eligibility for Assistant Professor posts and JRF awards.
2. CUET PG: Scholastic Assessment Test assesses the domain knowledge in commerce and the ability of the candidate for research; it is used to select candidates for the M.Phil programme in central universities.
3. Delhi University Entrance Test: Helps to identify the commercial subject knowledge level for the M.Phil admission in the various departments and colleges of Delhi University.
4. JNU Entrance Examination: Assesses research eligibility concerning commerciality for M.Phil. admissions to Jawaharlal Nehru University.
5. Pondicherry University Entrance Exam: Commercial paper for M.Phil admission test at PU.
| Subject | Important Topics |
|---|---|
| Research Methodology | Research Design, Literature Review, Quantitative & Qualitative Research Methods, Data Analysis Techniques, Hypothesis Testing |
| Advanced Accounting Theory | Financial Reporting Standards (IFRS), Accounting Standards in India, Management Accounting, Auditing & Assurance Standards |
| Advanced Business Economics | Econometrics, Microeconomic Theory, Macroeconomic Theory, Game Theory, Behavioral Economics |
| Advanced Financial Management | Investment Management, Portfolio Management, Risk Management, Financial Modeling, Security Analysis |
| Advanced Marketing Management | Consumer Behavior, Marketing Research Techniques, Marketing Strategy & Planning, Digital Marketing |
| Elective Courses (vary by specialization) | Taxation, International Business, Human Resource Management, Banking & Insurance, Entrepreneurship |
| Ph.D. Qualifying Course (may vary) | Focuses on preparing students for Ph.D. entrance exams or research proposal development. |
1. Admission Requirements: Master’s degree in commerce or allied subjects and at least a 2nd class/upper division or a B+ grade or equivalent required with a minimum of 55% marks.
2. List potential universities and colleges that offer M.Phil. The program line in the School of Commerce, and examine programs based on research area of interest.
3. Research how to apply and the application dates for the programs. Process for the application must be accompanied by the needed documents such as transcripts, statement of purpose and letters of reference.
4. Apply for entrance tests and interviews organized by universities and colleges.
5. Check the admission list to see if the selection has been made for him or her. Successful candidates pay fees to confirm their written admission.
6. Ensure that the program enrollment procedures and registration to courses is complete prior to the commencement of the program.
| University Name | Location |
|---|---|
| Delhi School of Economics (DSE) - University of Delhi | Delhi |
| Jamia Millia Islamia University | Delhi |
| Banaras Hindu University (BHU) | Varanasi |
| University of Mumbai | Mumbai |
| University of Calcutta | Kolkata |
| Lucknow University | Lucknow |
| Osmania University | Hyderabad |
| Annamalai University | Annamalainagar |
| Gujarat University | Ahmedabad |
| University Name | Location | Estimated Fees (1st Year) (INR) |
|---|---|---|
| Christ (Deemed University) | Bangalore | 0.75 Lakh - 1.00 Lakh |
| Symbiosis International (Deemed University) | Pune | 1.00 Lakh - 1.25 Lakh |
| Shiv Nadar University | Noida | 1.00 Lakh - 1.50 Lakh |
| SP Jain Institute of Management and Research (SPJIMR) | Mumbai | 1.25 Lakh - 1.75 Lakh (FPM Program) |
| Amity University | Various Locations | 0.50 Lakh - 0.75 Lakh |
| KIIT Deemed University | Bhubaneswar | 0.75 Lakh - 1.00 Lakh |
| Jain (Deemed-to-be University) | Bangalore | 0.75 Lakh - 1.00 Lakh |
| Woxsen School of Business | Hyderabad | 1.00 Lakh - 1.25 Lakh |
| Xavier Institute of Management & Entrepreneurship (XIME) | Bangalore | 0.75 Lakh - 1.00 Lakh |
| Specialization | Average Salary (Lakhs) |
|---|---|
| Accounting | 4.0 - 6.0 |
| Finance | 5.0 - 8.0+ |
| Marketing | 4.0 - 7.0 |
| Human Resource Management (HRM) | 3.5 - 5.5 |