Ph.D in Commerce Eligibility, Entrance Exam, Fees, and Career Opportunities

What is Ph.D in Commerce:

The Ph.D. in Commerce is a three- to five-year doctoral program that covers management and financial theories, as well as entrepreneurship techniques that may be applied in the real world. The program is research-based, and students will have a variety of professional prospects upon completion. It is one of the highest academic qualifications, delving into the intricate details of the fields of Commerce and Business, Management and Finance, Actuarial Science and Taxation, and all in between. This program covers a broad range of business topics, including Accounting and Taxation, Business and Finance, Entrepreneurship, Marketing Management, Forecasting, Budgeting, etc. Ph.D. in Commerce program at Usha Martin University provides students with a high-quality education that meets the needs of business and industrial management. A Ph.D. in Commerce’s sole function is to conduct research and develop new findings in the field of commerce. Since the Ph.D. is a research-based program, it is extremely extensive and in-depth. A candidate pursuing this course will be required to do individual research in one of these areas and submit a thesis after the course. A candidate who completes this course will find jobs in the areas of business, marketing, and education. Lecturer, Professor, CEO, and other similar positions are among the most popular jobs available for such people.

Who Should Study Ph.D. Commerce?

• Students interested in pursuing a career as a university-level Commerce professor.
• Students with a master’s degree in commerce or an MPhil in commerce.
• Candidates who want to work in the field of research.
• Students interested in pursuing academic research and teaching careers as professors or lecturers in commerce universities worldwide.
• Students who want to work at a higher level and earn higher salaries.

Eligibility Criteria for Ph.D. in Commerce –

• Candidates must hold a master’s or PG degree in Commerce/equivalent or an M. Phil degree.
• The candidates must have a Master’s Degree with a minimum of 55% marks or an equivalent grade from a recognized university or equivalent institution in the particular domain of study.
• Relaxation shall be granted to applicants belonging to the SC/ST/OBC (Non-Creamy layer)/Differently-Abled and other categories as determined by the UGC and the Government of India.
• To be eligible for the benefits available to reserved category students, they must present their reservation certificates issued by the relevant authorities.
• Candidates who have already passed the UGC (JRF) Examinations, NET, SET, or SLET, or who hold an M. Phil degree, are eligible to appear directly to the interview.

Part-Time vs. Full-Time Ph.D. in Commerce: Which Path is Right for You?

Students can pursue a PhD in Commerce admission at Usha Martin University as a full-time or part-time program, according to their interests. We’ve gone over both of these alternatives in great depth below.

• Full-time Ph.D. in Commerce

A full-time Ph.D. in Commerce is a three- to five-year doctoral degree that can be pursued after earning a master’s degree in commerce. The Ph.D. in Commerce program intends to give students the skills to identify and conduct research on complicated issues in the specialized commercial industry. Students will gain a methodological basis, exposure to cutting-edge issues and approaches, and the ability to organize and implement research projects in various business disciplines through this program. The curriculum fulfils the academic demands of working executives, managers, faculty members, researchers, and entrepreneurs. At the end of the program, students must submit a thesis based on a comprehensive and original investigation of the topic they have chosen. Admissions are made through UMU’s Ph.D. Admission Tests and interviews, which are done in accordance with the University’s Ph.D. Regulations and UGC Guidelines.

• Part-time Ph.D. in Commerce

A part-time Ph.D. in Commerce degree is also available at Usha Martin University. It is helpful for people who wish to work and study at once. If you’re a working professional who wants to get a Ph.D. without quitting your job, a part-time Ph.D. in Commerce is the best option. Students who enrol in a part-time Ph.D. program can continue working while pursuing their degrees. Classes are held two to three times a week, typically on weekends. The program’s structure, process, and length are similar to a full-time Ph.D. program. A part-time Ph.D. is just as valuable as a full-time one. In some ways, it’s even better because you’ll be able to gain more professional experience while working toward your Ph.D.

Which Path is Right for You?

Choosing between a part-time and full-time Ph.D. in Commerce ultimately depends on your career aspirations, financial stability, time management abilities, and personal circumstances. A full-time Ph.D. offers an immersive, focused experience, ideal for those looking to make a career in academia or research. On the other hand, a part-time Ph.D. is well-suited for working professionals who wish to enhance their academic credentials while maintaining their job and income.

Carefully assess your goals, resources, and commitments before making this important decision. Whether you choose part-time or full-time, a Ph.D. in Commerce is an excellent way to deepen your knowledge, advance your career, and contribute to the growth and development of the field.

Fees for Ph.D. in Commerce –

The fees for the Ph.D. in Commerce program at Usha Martin University (UMU) are ₹291,000.00 for the entire duration of the course. This fee includes registration, tuition, research-related expenses, and other academic services. Interested candidates should check the university’s website for detailed information on payment schedules and available financial support.

Ph.D. in Commerce Course Subjects & Syllabus –

A Ph.D. in Commerce can take three to five years to complete, with six to ten semesters covering various facets of the business. The Ph.D. in Commerce syllabus is designed to help students learn about commerce in great depth. It provides students with a comprehensive understanding of the course and subject. The core subjects are topics that are considered fundamental and foundational to a student’s education. Since it is a research-based program, it does not have a set academic syllabus. The course’s syllabus is strongly influenced by the topic that the candidate chooses for his/her research. Ph.D. in Commerce program at UMU focuses on all aspects of commerce, finance, business, and entrepreneurship. Introduction to Research Methodology, Data Analysis for Research Methods, and Data Collection and Sampling are all topics covered in the Ph.D. in Commerce program. They also build intellectual and interpersonal abilities that are useful in the workplace. The Ph.D. Commerce syllabus will cover the following topics:

Research Methodology

• Theory of Research
• Research Methodology
• Analysis of Data and Statistical application in research

Ph.D in Commerce Specialization course/Research areas

The study of trade and commercial activities such as the exchange of products, and services from the producer to the final consumer is known as commerce. Finance, accounting, taxation, marketing, business, economics, human resources, and various other topics are the key research fields.

• Accounting & Taxation
• Banking and Finance
• Marketing Management
• Entrepreneurship and Small Business Management
• International Business

Entrance Exam & Last Date for Application form Ph.D. in Commerce –

The last date for Ph.D. in Commerce applications at Usha Martin University is 16th December 2024. The entrance exam is scheduled for 22nd December 2024. Interested candidates are advised to submit their applications before the deadline and prepare for the exam accordingly.

Why Study Ph.D in Commerce?

• Through research and self-study, the PhD in Commerce program builds a deep and broad understanding of the basics as well as thorough knowledge in the topic chosen.
• It’s an opportunity to become an expert on your selected topic and contribute to academic and practical learning.
• A PhD in Commerce degree allows a candidate to apply for top-level positions in the job market, such as CEO and CFO.
• It increases your chances of landing a well-paying job and offers up a world of possibilities.
• Students learn to do quality research in a wide variety of commerce fields by studying Human Resources, Operations, Productions, and Business Principles.
• Not only that, but the candidate will have no trouble finding jobs as a professor in any reputable college or university.
• It earns you more money and respect, as well as expanding your professional network and opportunities.

Ph.D. in Commerce Admission Process 2025 –

A candidate (Indian or foreign) will be considered for admission only after passing the University’s Entrance Examination.

Entrance Exam

The Entrance Examination question paper will be divided into two halves, each worth 50 marks. There will be 100 multiple choice questions covering l Logical Reasoning, Numerical Ability and Language Competence (50%), and subject domain knowledge (50%). Candidates with an overall score of 50% or higher in the General category and 45 percent or higher in the SC/ST/OBC category will be eligible for an interview.

NOTE: Candidates having an M. Phil degree or who have passed the JEST (Joint Entrance Screening Test) of DAE, UGC-NET, or GATE-IIT will be exempted from the Entrance Examination but must register with the university and be interviewed by a committee formed by the university for the purpose, as per UGC Guidelines.

Interview

Every eligible candidate interested in pursuing a Ph.D. in Commerce degree will be required to appear in an interview conducted by the University’s Committee. All of these candidates will apply to the university and be scheduled for an interview. The interview will be worth 50 marks, and the final merit list will be decided by the linear sum of the entrance exam and interview scores.

Successful candidates will have the option to pursue research either full-time or part-time. Normally, candidates who are awarded a fellowship by a university or other organization are required to work full-time on their research projects. Part-time students may be able to register if they are employed by an educational or research institution. Furthermore, they would work and be present on the University Campus in Ranchi as needed for their research.

Career Opportunities After Ph.D. in Commerce –

There are numerous career opportunities available for Ph.D. in Commerce graduates both in India and overseas. Students who pursue a Ph.D. in Commerce receive a research-based higher education program. The course enables students to learn a wealth of in-depth information and critical skills in the field. Students who complete the Ph.D. program can work as consultants for multinational corporations (MNCs) or pursue research projects and become researchers. After completing the Ph.D. in Commerce program, the candidate will be equipped with the necessary skills to pursue career opportunities in business, accounting, operations, and management. Here, we’ve compiled the most common job profiles:

• Lecturer/Professor/Academician
• Zonal Business Manager
• Investment Banker
• Business Consultant
• Business Finance Analyst
• Chief Financial Officer
• Finance Consultant
• Finance Manager
• Accountants
• Chief Executive Officer
• Statistician
• Risk Analyst
• Equity Research Analyst
• Big Data Analyst
• Portfolio Management Specialist
• Technical Writing

Job Profile & Areas of Employment after Ph.D in Commerce –

• Commercial Banks
• Regulatory Bodies
• Insurance Companies
• Financial Institutions
• Brokerage Firms
• Insurance Corporations
• FMCGs
• International Organisations like World Bank, IMF, Asian Development Bank, etc.
• Stock Exchanges

Top Recruiters after Pursing Ph.D In Commerce –

• Universities & Institutes
• Accenture
• Delhivery Pvt Ltd.
• IBM Pvt Ltd.
• E&Y
• Genpact
• Tech Mahindra Ltd.
• Amazon Development Centre
• HDFC Bank
• National Stock Exchange
• Vedantu Innovations Pvt Ltd.
• Flipkart Internet Pvt Ltd.
• Reserve Bank of India

Ph.D. in Commerce Salary –

The employment prospects after earning a Ph.D. in Commerce, which range from academia to private firms, are mostly dependent on the specialization you choose. Location, designation, and experience are all factors that can affect the Ph.D. Commerce salary. A Ph.D. in Commerce graduate can expect to earn between INR 7 to 9 LPA on average.

Conclusion –

A Ph.D. in Commerce is a powerful qualification that opens a wide range of career paths in academia, research, business consultancy, entrepreneurship, and corporate leadership. The eligibility criteria, entrance exam, and fees are manageable for those passionate about making significant contributions to the field of commerce. Moreover, the career opportunities for Ph.D. graduates are vast, offering roles with high earning potential, job satisfaction, and the chance to make a real impact on businesses and society.

Pursuing a PhD in Commerce is a strategic move for those who aspire to become experts in their field, lead organizations, or contribute to academic and policy research. If you are ready to take the next step in your career and enhance your expertise in commerce, a Ph.D. in Commerce can undoubtedly be a life-changing decision.