Entrance Exam
The structure of a typical Doctoral degree, be it PhD in Finance or other programs generally run for around 3 to 7 years varying on the destination. The typical structure involves a variety of components so as to prepare a candidate for a solid research career in Finance .
The following are the reasons to pursue PhD in finance:
The following are the skills required for PhD in Finance:
Whether you are planning to apply for PhD in Finance in India or abroad, you will be required to fulfil certain prerequisites in order to be eligible for the course. Though the actual course requirements can differ from one university to another, here are the general eligibility requirements for PhD in Finance in India and abroad:
In order to get admission for PhD in Finance, you need to follow a crucial admission process. Here is the admission process you should follow:
Also Read: MBA in Finance
As stated above, to pursue PhD in Finance in India, candidates need to qualify entrance exams. Majority of the institutions in India provide admission in this course on the basis of GATE score or UGc NET score, what a few institutions also conduct a few entrance exams of their own.
Mentioned below are the popular PhD in finance entrance exams that one must target to pursue this course-
Candidates pursuing or aspiring to study a PhD in Finance can expect to study a range of core, specialised and elective subjects as per their research topic, objective and future research inclinations. These subjects belong to both in core areas of finance such as risk, decision making, financial instruments, economic analysis, information economics, bargaining, auctions, public finance, etc. More subjects perused in this degree are mentioned below.
International Macroeconomics And Finance | Asset Pricing | Behavioural Finance |
Statistical Analysis | Econometric Methods | Portfolio Choice |
Calculus | Corporate Governance | Options Pricing & Credit Risk |
Venture Capital | Corporate Finance | Market Design |
Empirical Methods in Finance | Financial Markets in the Macroeconomy |
There are several specializations in the field of Ph.D. for Finance that you can opt for. Here is a list of them with a brief on each:
Ph.D. in financial economics deals with the study of taxation, macroeconomics, attitude towards risks, and impact of information. It trains students in finance, economics, and quantitative learning.
Also Read: Financial Management
This field of Finance deals with mathematical and quantitative ways to create and disrupt financial practices. This field focuses on enhancing return and reducing risks in the market.
Ph.D. in Finance and Accounting directly focuses on the fundamental aspects of finance and accounting. It perfects you in financial management and understanding the monetary affairs of a nation.
Ph.D. in computational finance looks upon the modelling of financial markets, usage of computational intelligence in making financial decisions. This field takes you to become a portfolio manager, quantitative analyst, etc.
The program focuses on economics and its impact on finance. The specialization areas create a joint curriculum to focus on asset pricing, metrics, macroeconomics, and banking.
Ph.D. in banking and finance focuses on understanding the major section of the domestic and international banking sector through the view of finance and economics.
PhD in Accounting and Financial Management is usually a part of PhD in Business Administration. It is usually chosen for work in analytical, logical and time management. Some of the topics covered are Business Environment, Business Finances, Financial Management, etc.
The course is layered above a strong foundation of financial science in a logically coherent world. In qualifications, a Master’s in Science or a Masters’ in Financial Engineering (MFE) will gear you up towards new quantitative roles such as delivering risk models and trading directly, library control, model validation, risk management, and programming.
Must Read: Financial Engineering Courses
Here are some of the most interesting topics for thesis in PhD in Finance:
Here are some of the top universities in the world that offer PhD in Finance:
A Ph.D. in Finance from London School of Economics requires the following:
MIT offers a Ph.D. in Finance. While they mention the prerequisites, other instructions are mentioned during the application process:
Harvard offers a Ph.D. in Business Economics that includes Finance. The requirements for Ph.D. in Harvard are:
Stanford University has a specific requirement from their students for Ph.D. in Finance. You must fill their online application along with submitting the following documents:
Oxford University offers a D.Phil in Finance. The school expects intellectual people with good academic records. Here are the requirements:
The location of the institution plays a major role in the orientation of the PhD program as well as the career outlook and future prospects. Glance over the following list of universities providing PhD in Finance and its related fields which you must consider before making your decision.
| |||
USA | #3 | PhD in Finance | |
| USA | #1 | , Finance & Accounting PhD in Business-Finance |
USA | #10 | PhD in Business-Finance Joint PhD in Financial Economics | |
USA | #13 | PhD Finance | |
| USA | #27 | PhD in Business Administration- Finance |
USA | #22 | PhD in Finance & Economics | |
Canada | #34 | -Finance | |
USA | #50 | PhD in Business Administration- Finance | |
Australia | #33 | PhD in Actuarial Studies PhD in Decision, Risk and Financial Sciences PhD in Finance | |
| Canada | #47 | PhD Business Administration- Finance |
Note: The admission procedure of universities for a specific program may differ according to university policies and requirements. Students are advised to visit official university websites for further information.
Apart from these, here are the top universities offering PhD in Finance in India:
Being a multidisciplinary field, you can find employment opportunities as a researcher or a full-time role upon completing a PhD in Finance in government and private sectors, international organizations like World Bank , International Monetary Fund, World Trade Organisation, etc. Here are some popular profiles in which you can work:
PhD in Finance is a great career option as it offers several high-paying jobs. Here are some of the jobs and their respective salaries in the field:
Lecturer | INR 18 LPA |
Bank Manager | INR 10 LPA |
Economist | INR 8 LPA |
Quantitative Researcher | INR 26 LPA |
Senior Financial Analyst | INR 6.3 LPA |
As stated in the above mentioned section, it is vital for the candidates to have a thorough knowledge about the quantitative foundations of finance, thus, one shall aim at collecting study material that can help them with this. Mentioned below are some of the important books for this course-
The Econometrics of Financial Markets | Andrew W Lo |
Managing Credit | Robert Mckinley |
Options, Future and Other Derivatives | John C. Hull |
Research Methods: Accounting and Finance | Robert Macintosh |
Financial Markets and the Real Economy | John H. Cochrane |
Credit Risk Manager for Indian Banks | Vaidya Nathan K. |
A PhD in Finance can take anywhere between 3-7 years to complete. In the initial years, theoretical knowledge is provided through diverse subjects. In the culminating years, you will spend time in industrial projects.
Yes, you can pursue a PhD after an MBA in Finance. It is an excellent option, specially for those, who want to establish a career in Research or want to delve deeper into a particular domain of Finance.
1. Complete your Masters in Finance or a related discipline. 2. Obtain a good score in GMAT/GRE exam. 3. Obtain a minimum percentile in English proficiency tests like IELTS/TOEFL. 4. Write a Statement of Purpose. 5. Collect essential documents like transcripts, LORs, etc. 5. Apply to the university of your choice.
Pursuing a PhD in finance or in any other field of interest is a difficult decision to make, especially taking into account the number of years that you will be devoted to as well as the rigorous nature of the study. Take the assistance of Leverage Edu ’s AI-enabled tool which suggests course and university combinations based on your personalized skills and abilities and assist you in finding an ideal degree and institution to pursue your PhD from.
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PhD in Banking and Finance is a 3 years research level program that deals with the knowledge of finance and economics. It covers topics related to finance in micro aspects and macro aspects.
The eligibility criteria for a PhD course is a Master’s degree or equivalent relevant to the stream from a recognized university.
PhD admissions are granted through merit in the entrance examinations conducted by the university or college. The entrance exams that a candidate can clear to get admission in PhD program are UGC NET and CSIR UGC NET.
Some of the top colleges for PhD Banking and Finance are R. A. Podar College of Commerce And Economics, Somaiya Vidyavihar University, K. P. B. Hinduja College of Commerce, Nagindas Khandwala College, etc. The average fee charged to pursue PhD in Banking and Finance is INR 80,000 to INR 1, 00,000 per annum. The fee may differ according to the facilities provided by the university or college.
Some of the subjects taught in this course are Asset Pricing Theory, Foundations of Business Research, Econometric Analysis, Microstructure of Markets, etc.
The job roles after pursuing this course are diverse. Students can get various opportunities in the field of banking, stock management, teaching, etc.
The average starting salary for the jobs is INR 2, 00,000 to INR 5, 00,000 per annum. Some of the top recruiters of PhD Banking and Finance scholars are Reserve Bank of India, State Bank of India, National Stock Exchange, Mumbai University and others.
Table of Content
3.1 How to Apply?
3.2 Eligibility Criteria
3.3 Entrance Exams
4.1 College Comparison
5.1 Important Books
7.1 Future Scopes
Course Level | Research |
---|---|
Full Form | Doctorate Of Philosophy in Banking and Finance |
Duration | 3 years |
Eligibility | Post Graduation Degree |
Admission Process | Either by Entrance Exam or by Merit |
Course Fees | Up to INR 2,00,000 |
Subjects | Business Research, Econometric Analysis, Asset Pricing, Corporate Finance, etc. |
Salary | Up to INR 5,00,000 per annum |
Recruiting Organizations | Reserve Bank of India, State Bank of India, National Stock Exchange, Mumbai University and others |
Jobs | Teacher, Lecturer, Credit Control Manager, Financial Analyst, Stockbroker and others |
There are a lot of reasons to study a PhD in Banking and Finance. There is always a need of good researchers to study the fields of banking and finance. Most of the students prefer doing PhD because of the following reasons:
After doing PhD, one can earn up to INR 5,00,000 per annum.
Admissions to PhD programs are either based on national level entrance exams or based on the merit in the entrance test conducted by the university or college.
Candidates can apply for PhD courses either by online mode or offline mode.
Submit the application form and pay the application fee.
After the release of cut-off, final selection is done through interview or GD rounds.
The basic eligibility criterion to take admission in PhD (Banking and Finance) is a Master’s degree in the relevant stream or equivalent from a recognized university.
Candidates need to qualify the entrance exam and then go through the counseling process conducted by the universities.
Exam Name | Exam Date |
---|---|
UGC NET (June Session) | June 10-21, 2024 |
CSIR UGC NET | To be Announced |
ICAR AICE JRF/SRF | To be Announced |
The entrance exam for PhD consists of the following sections:
College Name | Average Annual Fees |
---|---|
NA | |
INR 11,940 | |
INR 1,00,000 | |
INR 80,000 | |
NA |
K. P. B. Hinduja College of Commerce Vs Somaiya Vidyavihar University Vs Shyam University
Parameter | K. P. B. Hinduja College of Commerce | Somaiya Vidyavihar University | Shyam University |
---|---|---|---|
Overview | The college has been awarded Best College Award from University of Mumbai. It has been declared as College with Potential for Excellence by the University Grants Commission [UGC]. It has also been accredited by NAAC and awarded with A+ grade. | The university has been ranked 56 by NIRF. It has also been ranked 2 in India and 1 in Mumbai by Times B School. | Shyam University is one of the top universities in Rajasthan. It is approved by UGC, BCI, Government of Rajasthan, AICTE, PCI and NCTE. |
Location | Mumbai, Maharashtra | Mumbai, Maharashtra | Dausa, Rajasthan |
Admission Process | Entrance Exam | Entrance Exam | Entrance Exam |
Average Annual Fees | INR 11,940 | INR 1,00,000 | INR 80,000 |
Average Annual Salary | INR 4,00,000 | INR 10,00,000 | INR 3,70,000 |
Year 1 | Year 2 |
---|---|
Asset Pricing Theory | Microstructure of Markets |
Empirical Asset Pricing | Continuous Time Finance |
Foundations of Business Research | Research Methods in Finance 1 |
Corporate Finance Theory | Research Methods in Finance 2 |
Empirical Corporate Finance | NA |
Empirical Corporate Governance | NA |
Econometric Analysis OR Stats for Business Research OR Research Project Seminar | NA |
Name of the Books | Author’s Name |
---|---|
Managing Risk in Financial Institutions: A comprehensive approach | P.hD Roberto Salomon |
Winning at Collaborations Commerce: the next competitive advantage | Heidi Collins |
PhD Banking and Finance vs PhD in Economics
Parameters | PhD (Banking and Finance) | PhD in Economics |
---|---|---|
Overview | It mainly covers topics related to business research, corporate finance, asset pricing, etc. | The main focus is on microeconomics and macroeconomics. |
Duration | 3 years | 3 to 5 years |
Eligibility | Post Graduation in Banking & Finance or equivalent | Post Graduation in Economics |
Average Annual Fee | Up to INR 2,00,000 | Up to INR 6,00,000 |
Average Salary Offered | Up to INR 5,00,000 per annum | Up to INR 8,00,000 per annum |
Job Roles | Stockbroker, Credit Control Manager, Teacher, Lecturer, etc. | Accounting, Media Analyst, Marketing, Auditor, etc. |
A PhD in Banking and Finance is beneficial for the students who are interested in learning about the latest reforms in the banking sector.
There are a lot of career options available for students pursuing PhD in Banking and Finance like Lecturer/ Teacher, Stockbroker, Finance Manager, Statistician, etc.
Job Profile | Job Description | Average Annual Salary (INR) |
---|---|---|
Lecturer/ Teacher | The role of a Teacher or a Lecturer is to teach students about the fields of banking and finance in universities and colleges. | INR 3,50,000 |
Stock Broker | The role of a Stock Broker is to buy and sell stocks and other securities in a stock market. | INR 3,90,000 per annum |
Financial Analyst | Their role is to analyze the market trends and to help the company grow economically. | INR 4,10,000 per annum |
Credit Control Manager | Credit Control Manager is responsible for controlling the payments of an organization. | INR 5,00,000 per annum |
Statistician | Statistician is a person involved in theoretical or applied statistics. They analyze the data and supplement the knowledge in public and private sectors. | INR 5,30,000 per annum |
The job roles after a PhD course are diverse. Students can find stability in their career within a few years. The finance and banking sectors are always open for new generations to show their skills and help improve the economy of the country. Students can easily find jobs in both private and public sectors. The salary increases with experience.
Students can go for jobs in the sectors like banking, stock broker, finance manager, lecturer, etc.
Ques. What is the average fee of PhD (Banking and Finance)?
Ans. The average fee for pursuing PhD (Banking and Finance) ranges between INR 80,000- INR 2,00,000
Ques. Which college in India offers PhD in Banking and Finance?
Ans. There are very few colleges in India that offer PhD in Banking and Finance. Two of them are:
Ques. Is it necessary to do a PhD in Banking and Finance to get a job in banks?
Ans. No, it is not necessary to do a PhD to get a job in banks. But, if you want to get a higher post in the bank, doing a PhD will be a good option.
Ques. Is it necessary to do a PhD in Banking and Finance to become a professor in Finance?
Ans. Doing a PhD opens a lot of doors in the field of teaching. If you want to be a professor in Finance, a PhD degree in Banking and Finance will be a good choice.
Ques. Is it worth doing a PhD in Banking and Finance?
Ans . Yes, PhD in Banking and Finance is worth it. You can get numerous jobs that will pay you well. Also, you can do research in your field of study.
Ques. What are some of the main entrance exams for PhD in Banking and Finance course?
Ans. The main entrance exams for PhD in Banking and Finance courses are UGC NET, CSIR UGC NET, GATE, SET, NET, etc.
Ques. How long does it take to complete a PhD in Banking and Finance?
Ans. PhD in Banking and Finance is of three years. You can complete your research in these three years and get your Doctorate degree or you might go for further research.
Ques. What is the age limit for a PhD in Banking and Finance?
Ans . PhD in Banking and Finance is of three years. You can complete your research in these three years and get your Doctorate degree or you might go for further research.
Ques. Is it necessary to clear the PET exam to get admission to PhD in Banking and Finance course in K. P. B. Hinduja College of Commerce?
Ans. No, it is not necessary to clear the PET exam if you have qualified the GATE/ SET/ NET/ JRF Examination or any other national level examinations.
Ques. What is the maximum duration to complete PhD in Banking and Finance?
Ans. Usually, the course is to be completed within 3 years. But, some colleges offer more time to complete the research work and it can be a maximum of 4 years
M.phil. (commerce), ph.d. (statistics), ph.d. (commerce and management), ph.d. (business economics), ph.d. (banking & finance) colleges in india.
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Curriculum & coursework.
Our programs are full-time degree programs which officially begin in August. Students are expected to complete their program in five years. Typically, the first two years are spent on coursework, at the end of which students take a field exam, and then another three years on dissertation research and writing.
Students in the Accounting and Management program must complete a minimum of 13 semester-long doctoral courses in the areas of business management theory, economic theory, quantitative research methods, academic field seminars, and two MBA elective curriculum courses. In addition to HBS courses, students may take courses at other Harvard Schools and MIT.
Students in accounting and management begin research in their first year typically by working with a faculty member. By their third and fourth years, most students are launched on a solid research and publication stream. In Accounting and Management, the dissertation may take the form of three publishable papers or one longer dissertation.
Recent questions students have explored include: the ways in which managers use retail-level marketing actions to influence the timing of consumer purchases in relation to their firms’ fiscal calendars and financial performance as well as those of their competitors; the role of accounting information in strategic human resource decisions; the evolution, consequences and institutional determinants of unregulated financial reporting practices; the effects of adopting rolling forecasts on forecast quality.
“ I’m constantly inspired to look into new research angles by the brilliant people I run into on campus every day. ”
Recent placement, yaxuan chen, 2024, hashim zaman, 2022, wei cai, 2020, matthew shaffer, 2019, botir kobilov, 2024, patrick ferguson, 2021, jihwon park, 2020, wilbur chen, 2022, alexandra scherf, 2021, jody grewal, 2019.
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PhD in Accountancy is a full- time course, IGNOU offers a distance learning course for PhD in Commerce. The average fee ranges from INR 15,000 to INR 50,000 whereas the average annual starting salary can be around INR 7-14 LPA in India based on the candidates' capacity and their previous experiences. Table of Content.
The PhD Program in Finance and Accounting Area at IIM Udaipur aims to equip its students with relevant tools for an impactful career as researchers and teachers at top-tier management schools in India and abroad. During the program, students go through a thoughtfully curated list of research methods and topical research seminar courses in ...
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Check out list of top Ph.D in Accountancy colleges in India with courses, fees, cut-off, admission, placement, reviews, ranking, latest news, and more on careers360.com. Browse by Stream. Engineering and Architecture. Exams. JEE Main Exam; GATE Exam; ... Ph.D Accounting and Finance.
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Top PhD Finance and Accounting Colleges in India 2024 - Check here the list of top and best 14 PhD Finance and Accounting colleges in India along with their fee structure, cut off, admission process, ranking, brochure, placements and eligibility details.
Ph.D PROGRAMME About The Programme The Ph.D. programme at Jindal School of Banking & Finance (JSBF) is designed to prepare future professionals for challenges that require an integrated view of the innerworkings of financial markets and institutions. In addition, students can expect to gain a thorough understanding about financial decision‑making and its modelling. Students will develop the ...
Several prestigious institutions in India offer a PhD in Finance program, which is a research-oriented course that provides a deeper understanding of financial concepts. To pursue this program, candidates must pass entrance exams and have a minimum overall score of 55% in their relevant master's degree.
Explore the Ph.D Financial Management (Full time & Part time) program and make your dream a reality. Get fees, eligibility, and admission details. ... Phd In Accounting and Finance; Ph.D Finance and Accounting. ... India. 080-28098000 / 07 9108514034, 9108514028. Contact Bengaluru campus. Get Directions.
Prof. Dr. Swati Godbole. Ph.D. (ITM University Raipur, 2017) Behaviour Finance, Corporate Governance, Consumer Behaviour. Ph.D in banking and finance covers areas like financial problems of a business financial markets and policy issues. K J Somaiya Institute is one of best colleges for banking and.
To be eligible for the Ph.D. in Finance program offered by a number of institutions, students must have a master's degree in finance and complete the following criteria. A master's degree in finance ( M.Com. or MBA in Finance) from a recognised university is required. It is necessary to have a master's degree with a minimum of 50 per cent marks.
PhD Accountancy: About the Course. PhD Accountancy is a 3-year long PhD program in Accountancy (Commerce), and it is related with the aspects of Accountancy such as Cost and Financial Accountancy. PhD or doctorate in Accounting begins with advanced and specialized courses that emphasize dissertation based research.
The PhD Accountancy fee is not fixed and depends on many factors. Some of the factors which affect the PhD Accountancy fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average PhD Accountancy course fee in India is around INR 15,000 - 1.5 LPA. 1.
In the case of a general PhD in Accounting, students should have a master's degree like MCom/MPhil in Accountancy/Finance from an accredited university. GRE score. English Language Proficiency Tests - IELTS, TOEFL or PTE. Some universities require you to have minimum work experience in the related field.
Eligible candidates can apply for IIT Madras M.Tech admission 2025 from August 28 to September 26 at goaps.iitr.ac.in. The exam will be conducted on Feb 1, 2, 15, and 16, 2025. IIT JAM 2025 exam date is Feb 2, 2025 for MSc courses. The registrations will be open from Sept 3 to Oct 11, 2024.
1 of 1. Find exclusive scholarships for international PhD students pursuing Accounting studies in India. Search and apply online today.
The PhD Program in Finance and Accounting Area at IIM Udaipur aims to equip its students with relevant tools for an impactful career as researchers and teachers at top-tier management schools in India and abroad. During the program, students go through a thoughtfully curated list of research methods and topical research seminar courses in ...
Africa Asia Europe Latin America North America Oceania. Find the list of all PHD Programs in Accounting And Finance with our interactive Program search tool. Use the filters to list programs by subject, location, program type or study level.
To apply for PhD in Finance in India, you might be required to qualify PhD entrance exams. ... PhD in Accounting and Financial Management is usually a part of PhD in Business Administration. It is usually chosen for work in analytical, logical and time management. Some of the topics covered are Business Environment, Business Finances, Financial ...
Some of the top colleges for PhD Banking and Finance are R. A. Podar College of Commerce And Economics, Somaiya Vidyavihar University, K. P. B. Hinduja College of Commerce, Nagindas Khandwala College, etc. The average fee charged to pursue PhD in Banking and Finance is INR 80,000 to INR 1, 00,000 per annum. The fee may differ according to the ...
Accounting & Management - Doctoral