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Ph.D. (Finance & Accounts) is a Doctorate level course being designed specifically for students interested in the research and study in the areas of finance, accounting, taxation, auditing and other related areas. Ph.D. (Finance & Accounts) course usually takes 3-5 years to complete the degree. It comprises of course work that starts with the first year that includes quantitative techniques, research methodology, financial econometrics, financial markets and instruments, International finance etc, after which a written and comprehensive examination is set to test conceptual understanding of the subjects. The next level is to prepare a research proposal and to undertake research independently or with supervision. The last document produced is a doctoral thesis, which is reviewed by scholars, and if they find it reasonable, one is awarded a Ph.D.
The recognized central entrance tests for admission in Ph.D. (Finance & Accounts) are UGC-NET, SET, GATE, CAT, GMAT, and CSIR-NET. Some universities also have their own written tests and interviews as part of the process too. Academic achievement in post-graduation, experience in national level examinations, research aptitude, and work experience are some of the factors taken into consideration during admission. Additionally, most of the programs require the candidate to be proficient in English and the basic understanding of statistical tools. The method of recruitment is intense and geared towards determining ability in research through tests and interviews.
| Feature | Details |
|---|---|
| Full Form | Doctor of Philosophy in Finance & Accounts |
| Duration | 3-5 years |
| Course Level | Doctorate |
| Eligibility | Master's degree in Finance, Accounting, or a related field with a minimum required percentage |
| Top Colleges | Indian Institutes of Management (IIMs), Delhi School of Economics, University of Delhi, Symbiosis Institute of Management Studies (SIMS), Xavier Labour Relations Institute (XLRI) |
| Entrance Exam | CAT, GMAT, XAT, or institute-specific entrance exams |
1. You must have a postgraduate degree in commerce or finance with minimum 55% aggregate marks for this course. Certain universities may demand more percentage or other conditions like the UGC/CSIR NET qualification.
2. Candidates who have done their Master’s degree in Economics, Mathematics, Statistics and Management (Finance & Accounts, Banking, etc.) are also eligible to apply for a Ph.D. in the same stream at many institutes.
3. It is common to find universities requiring work experience, especially in finance, accounting, banking, etc. in the admission of Ph.D. students. Most programs require the candidate to have 2-3 years of work experience in the related fields.
4. You have to give an entrance test like RET/PET and then go through an interview if you are seeking admission into Ph.D. at most of the Institutes. It is possible that some universities allow students admission directly from postgraduate score/percentage.
5. Your field of research is among the factors considered during the interviewing session, together with your proposal. You must have a clear focus on a research question or focus area as related to the departmental fields of specialization.
| Subject Area | Important Topics |
|---|---|
| Financial Management | Corporate finance, investment analysis, risk management, financial modeling, financial institutions |
| Accounting | Financial accounting, managerial accounting, auditing, taxation, accounting theory |
| Economics | Microeconomics, macroeconomics, econometrics, financial economics |
| Quantitative Methods | Statistics, probability, operations research, econometrics, data analysis |
| Research Methodology | Research design, data collection, data analysis, research ethics |
| Specialization | Job Roles | Average Salary (INR Lakhs per annum) |
|---|---|---|
| Finance | Financial Analyst, Investment Banker, Risk Manager, Financial Consultant | 10-20+ |
| Accounting | Financial Accountant, Management Accountant, Auditor, Tax Consultant | 8-15 |
| Economics | Economist, Economic Analyst, Policy Analyst | 8-15 |
| Finance & Accounting | Finance Manager, CFO, Controller | 12-25+ |
| Research & Academia | Professor, Research Fellow, Consultant | 6-15+ (varies widely) |
