ONLINE PhD IN FINANCE
A doctorate in Philosophy in Finance or simply PhD in Finance is a doctorate course that is offered by several top institutes or Universities in India. It is a research-oriented course that offers the students deeper insight to the concepts of finance and also enables them to undertake research in the relevant fields.
The minimum time frame to complete the course is 3 years which can be extended up to and not more than 5 years.
In order to pursue a PhD in Finance, one must clear either of the entrance examinations held at the national and university level followed by several rounds of interviews. The students also need to pass their relevant master's degree with a minimum aggregate score of 55% or more. Some of the popular entrance tests for admission into the PhD in Finance programs are UGC NET, GATE, NMIMS etc. The average course fee ranges from INR 2000 -INR 5,00,000
PhD Finance syllabus deals with the advanced study of the Valuation of Shares, Privatization, and Globalization, Meaning and definition of the Business Environment, Cost and Management Accounting, Industrial Growth and Structural Changes, etc.
Some of the top PhD Finance Colleges are IIT Madras, the Indian Institute of the Foreign Trade, New Delhi, and many more. IIMs offer doctoral programs under the name of Fellow Program in the Management or commonly referred to as the FPM.
PhD in Finance: Course Highlights
The following is the list of course highlights that the aspirants must keep in the mind about opting for PhD in Finance
Doctor of Philosophy in Finance
Completed post graduation in courses like Accountancy, Economics or Mathematics with a minimum 55% marks.
Mode(s) of Education Regular
INR 5,000- INR 5,00,000
INR 3 LPA – INR 8 LPA
Stockbroker, Statisticians, CFA, Credit Control Manager, Finance Manager, and Corporate Banking Executive, etc.
HCL, TATA Consultancy, Accenture, Genpact, Vodafone, Oracle, and Accenture, Reliance, Bajaj, Airtel, etc.
Why Study a PhD in Finance?
A PhD in Finance course can give you multiple career opportunities and will lead you to a bright and prosperous future. Those who wish to seek a job in the academic sector (i.e. lecturer or research fellow in b-school) absolutely need this degree.
Some of the main reasons why one should choose to pursue the PhD in Finance are as follows :
High Salary – The average salary earned by the PhD in Finance graduate ranges between INR 4 LPA- INR 8 LPA. This salary increases on the basis of experience, according to the website PayScale the average salary of a PhD in Finance graduate is around INR 12,50,000 PA. Apart from these, the aspirants are offered perks and other benefits such as the DA, Provident Funds, Travelling expenses and medical insurance.
Career Options – The candidates may pursue either an academic or an industrial career upon completion of the course. Both the career options are equally prosperous. In the academic career, they have the option to pursue the career option as that of the professor, lecturer or associate professor. In the industrial sector, they have the option to pursue a career as a Market research analyst, Investment banker, etc.
Job Security – Most of the PhD Finance graduates tend to work in academia which provides tenure and job stability. In the case of industrial jobs, they are mainly hired in the top-level positions mainly as consultants are considered to be stable and have a lower attrition rate.
PhD in Finance Admission 2022
Step 1: Registration- The students are required to visit the entrance examination authorities' website and register themselves with an email or phone number and develop the login ID
Step 2: Fill the application form – The students will have to fill up the application forms of the respective institutes from which they would like to pursue their PhD in Finance. The application forms can be filled up online. The candidates are required to provide the detail of their preferred entrance exam cities and also the provide the necessary academic details
Step 3: Upload the various documents- The candidates are required to upload the various documents in the preferred size and format. The candidates are then required to pay the application fees and take out the receipt for future reference.
Step 4: Appear for the entrance test – candidates are required to appear for the entrance examinations. Different Universities conduct their own admission tests. Based on their performance in the entrance test, the applicants are called for an interview.
Step 5: Appear For the interview – After the results of the entrance test are declared, the selected students are called for an interview. The interview may take place in multiple rounds. The candidates are required to provide the presentation of their thesis and the areas where they will work during their PhD study.
Step 6: Admission to the college – The students who clear the interview will be called for the further admission procedure and they will be allowed to take admitted to that respective university.
COLLEGES PROVIDE THIS COURSE: