byGaganDeep
Updated on - 23 May, 2024
Ph.D. (Banking & Finance) is the academic title of a program that is at the doctoral level and offers the candidates the opportunity to learn advanced research and study in banking, financial markets, financial institutions, and monetary policies. The period set for completion of a Ph.D. (Banking & Finance) may take between 3 and 5 years on average. These areas of study are the advanced courses for the students in financial economics, investment analysis, and international finance, and the facility of the financial modeling, econometrics, and financial risk management and the development of a thesis with supervision of a professor based on the adequate research.
The admission for the Ph.D. (Banking & Finance) programme is done on the basis of the Common Entrance tests: UGC NET / SET or GATE or any other equivalent examination with a valid score. The other indispensable qualification is that the candidate must possess at least a master’s degree in economics, finance or any other related field with a minimum of 55% marks.
| Feature | Details |
|---|---|
| Full Form | Doctor of Philosophy (Banking & Finance) |
| Duration | 3-5 Years (Full-Time) |
| Course Level | Doctoral |
| Eligibility | Master's Degree in Banking & Finance, Finance, Economics, or related field with Minimum Marks Requirement (varies by college) |
| Top Colleges (India) | Indian Institute of Management Ahmedabad (Ahmedabad), Indian Institute of Management Calcutta (Kolkata), Indian Statistical Institute (Kolkata, Bangalore), Madras School of Economics (Chennai), Delhi School of Economics (University of Delhi) |
| Entrance Exam (Examples) | UGC NET, CSIR UGC NET, Institute Written Exams & Interviews |
1. The candidate must have obtained master’s degree in any discipline with at least 55% of marks from a recognized university.
2. Minimum scores obtained in the National level Tests like UGC NET/SET/GATE etc.
3. Industry experience in banking and finance could be preferred by some institute
4. The student has provided good marks throughout his academic tenure and has also shown aptitude towards carrying out research.
5. Through written examination and interview.
6. Admission to the doctorate programme will be given on the basis of availability of the prospective supervisor and availability of the research facility for the candidate
1. UGC NET: Assesses competencies in teaching and research including in the fields of management and finance.
2. CAT: Some of the B-schools that take admissions through CAT include IIMs and many other business schools that recruit through quantitative section, verbal section and DI-LR skills.
3. GATE: Used to assess the quantitative aptitude, verbal skills and analytical reasoning of the engineering graduates intending to apply for admission into the Schools of Engineering.
4. XAT: Used for the assessment of the quantitative and DI-LR scores, Verbal score, and the decision making skills of the candidates seeking admission to Xavier University.
5. CSIR UGC NET: Scientists use research ability in science graduates to offer Junior Research Fellowship positions.
| Subject | Important Topics |
|---|---|
| Financial Theory | Portfolio Theory, Capital Asset Pricing Model (CAPM), Efficient Market Hypothesis, Arbitrage Pricing Theory (APT), Behavioral Finance |
| Banking Theory and Regulation | Commercial Banking Functions, Risk Management in Banking, Bank Capital Adequacy, Financial Regulation, Banking System Stability |
| Financial Econometrics | Time Series Analysis, Panel Data Analysis, Financial Forecasting Techniques, Empirical Asset Pricing Models |
| Corporate Finance | Capital Budgeting, Cost of Capital, Dividend Policy, Mergers & Acquisitions, Corporate Restructuring |
| Financial Markets and Institutions | Stock Markets, Bond Markets, Derivatives Markets, Financial Intermediation, Role of Central Banks |
| Research Methodology | Research Design & Methods, Data Collection Techniques, Statistical Analysis Techniques, Econometric Modeling, Research Paper Writing |
| Elective Courses (Indicative) | Fintech & Blockchain Applications in Finance, Financial Inclusion & Development, International Finance, Behavioral Economics & Finance |
1. Research potential eligibility criteria set by different universities for the Ph.D. In Banking & Finance.
2. Some tips that can be followed while shortlisting universities and research areas of interest.
3. Inform the relevant faculties in the shortlisted universities about one’s intentions to seek their supervision
4. This is because the preparation of research proposal and statement of purpose for applications involves coming up with a clear and concise thesis statement in relation to the area of study.
5. Take entrance tests if the university to be attended has entrance tests .
6. Request your letters of recommendation, send in your applications early.
| University (City, State) | Fees (Annual Approx.) |
|---|---|
| Delhi School of Economics (University of Delhi) | ₹10,000 |
| University of Mumbai (Mumbai, Maharashtra) | ₹15,000 |
| Madras School of Economics (Chennai, Tamil Nadu) | ₹20,000 |
| Indian Statistical Institute (Kolkata & Bangalore) | ₹8,000 - ₹12,000 (varies by location) |
| Jawaharlal Nehru University (New Delhi) | ₹20,000 |
| Banaras Hindu University (Varanasi, Uttar Pradesh) | ₹12,000 |
| University of Calcutta (Kolkata, West Bengal) | ₹8,000 |
| University of Hyderabad (Hyderabad, Telangana) | ₹15,000 |
| Anna University (Chennai, Tamil Nadu) | ₹10,000 |
| University (City, State) | Fees (Annual Approx.) |
|---|---|
| Indian Institute of Management Ahmedabad (Ahmedabad, Gujarat) | ₹1,20,000+ |
| Indian Institute of Management Calcutta (Kolkata, West Bengal) | ₹1,00,000+ |
| Indian Institute of Management Bangalore (Bangalore, Karnataka) | ₹1,30,000+ |
| Indian Institute of Management Indore (Indore, Madhya Pradesh) | ₹80,000+ |
| Shiv Nadar University (Delhi NCR) | ₹1,50,000+ |
| Symbiosis International University (Pune, Maharashtra) | ₹1,00,000+ |
| Career Path | Average Salary (LPA) |
|---|---|
| Professor (University/Business School) | 8-20+ |
| Research Fellow (Think Tank/Research Institution) | 6-12 |
| Financial Analyst (Research-Oriented Role) | 7-10 |
| Consultant (Financial Regulation/Policy) | 8-15 |
| Government Economist (Financial Sector) | 8-12 |