Holding a PhD in any subject is an extraordinary feeling. A PhD not only makes a person expert in a particular subject but also opens the door for plenty of job options. A master degree in commerce alone may not be enough to make you enable you to stand out in the job market. Some job profiles require in-depth knowledge of candidates. Hence, such job profiles are not offered to those who are holding a masters degree. Therefore, many students prefer to go to universities and pursue a PhD programme in Commerce subject.
If you are one of such candidates, then you are on the right page. This page gives you a glimpse of PhD in commerce, such as course detail, eligibility criteria, how to get admission, career options after completing the course etc. The doctorate programme in commerce is offered by numerous universities/ institutes worldwide for both full time and part-time. However, the students who are not working with any organisation are recommended to pursue a full-time PhD program in commerce.
Who can apply for admission?
Before you proceed to apply for admission to the PhD program in commerce, you must be aware of the eligibility criteria as prescribed by the course offering institute/ university. Generally, the students are expected to have a qualified master degree in Commerce or an M.Phil degree with at least 55% of aggregate marks from a university listed under UGC/AIU. Candidates belonging to SC/ ST categories need to obtain at least 50% marks in the qualifying exam. The students should also have cleared the UGC-NET exam; however, some university/ institute also offers admission to the PhD program in commerce based on their marks in the qualifying exam and personal interview performance.
How to get admission to the PhD program in commerce?
If you are meeting the eligibility mentioned above criteria, you can apply for admission to the commerce PhD program. PhD program admission is made through two exams: NET (National Eligibility Test) or DET (Doctoral Entrance Test). The candidates who have cleared any of these two exams need to apply for PhD Admission on the institute’s official website. Based on marks obtained in the master’s programme and the qualifying exam, the students are shortlisted for Group Discussion or Personal Interview or both. The candidates’ final selection list is prepared based on the candidates’ performance in NET/ DET, GD/PI and marks secured in the degree level exam.
What are the career options after completing a PhD program in commerce?
A PhD in any subject always give students a perspective on the fundamentals related to the subject. During the PhD program in commerce, the students learn evaluation, research and exploring the varied dimensions commerce field. After completing the programme, the students explore the job scopes in this field of business, Accounting, and Operations in government banks such as Reserve Bank of India, State Bank of India, and government finance sectors such as National Insurance Company Income Tax Department, etc. A PhD holder in the field of commerce can receive job offers for the following job profiles:
- Chief Financial Officer: A Chief Financial Officer is responsible for supervising the employees, handling cash address accounting matters and treasury functions, and managing the business activities.
- Chief Executive Officer: Once you become a Chief Executive Officer, you will have to perform the work to manage the business’s workings by implementing your ideas.
- Finance Manager: A finance manager is responsible for monitoring accounts, analysing data and formulating reports.
Besides the profiles mentioned above, you can also opt to become a company secretary or account executive.
