PhD in Economics and Finance Admission 2024-25, Books, IIRF Ranking, FAQs

PhD in Economics and Finance About

A PhD in Economics and Finance is an advanced academic degree that focuses on the theory, application, and research of economic and financial concepts. It typically takes four to six years to complete and requires students to have a strong foundation in economics and finance.

During the program, students will take courses in microeconomics, macroeconomics, econometrics, financial theory, financial markets, and corporate finance, among others. They will also conduct independent research and write a dissertation that makes an original contribution to the field of economics and finance.

The career opportunities for those with a PhD in Economics and Finance are diverse and include positions in academia, government agencies, financial institutions, and consulting firms. Graduates can work as economists, financial analysts, investment bankers, professors, policy analysts, and researchers, among other roles.

Overall, pursuing a PhD in Economics and Finance can be a rigorous and rewarding academic journey that can open up many career opportunities and help individuals contribute to advancing the field of economics and finance.

PhD in Economics and Finance Course Highlights

PhD in Economics and Finance Entrance Exam

The entrance exam for a PhD program in Economics and Finance may vary depending on the institution. Typically, it will include an evaluation of the candidate's knowledge of economics and finance concepts and their ability to conduct research. Some institutions may also require GRE scores or other standardized test scores.

PhD in Economics and Finance Admission Process

• To be admitted to a PhD program in Economics and Finance, candidates must have a bachelor's or master's degree in economics, finance, or a related field, and have a strong academic record.
• They may also be required to submit transcripts, letters of recommendation, a statement of purpose, and a writing sample.

PhD in Economics and Finance Eligibility Criteria

• The eligibility criteria for a PhD program in Economics and Finance may vary depending on the institution.
• Generally, candidates are expected to have a strong background in economics, finance, or a related field, and meet the institution's minimum academic requirements.

PhD in Economics and Finance Duration

1. A PhD program in Economics and Finance typically takes four to six years to complete, depending on the institution and the student's progress.
2. During the program, students will take courses, conduct research, and write a dissertation.

PhD in Economics and Finance Selection Criteria

• The selection criteria for a PhD program in Economics and Finance may vary depending on the institution.
• Generally, institutions will evaluate a candidate's academic record, research experience, letters of recommendation, statement of purpose, and other relevant factors.
• Some institutions may also require an interview as part of the selection process.

PhD in Economics and Finance How to Apply

PhD in Economics and Finance Application Form

The application form for a PhD program in Economics and Finance can usually be found on the institution's website. Candidates will need to fill out personal information, education history, work experience, and other relevant information. They will also need to provide transcripts, letters of recommendation, a statement of purpose, and a writing sample.

PhD in Economics and Finance Application Process

• The application process for a PhD program in Economics and Finance typically involves submitting an application form and supporting documents, paying an application fee, and sometimes taking an entrance exam.
• After the application is submitted, candidates may be invited for an interview or asked to provide additional information.

PhD in Economics and Finance Fee Structure

The application fee for a PhD program in Economics and Finance varies depending on the institution. Typically, the fee ranges from a few hundred to several thousand rupees.

PhD in Economics and Finance Syllabus

PhD in Economics and Finance Salary and Jobs

The salary and job opportunities for graduates of a PhD program in Economics and Finance are generally very good. Graduates can work in academia, government, and the private sector as professors, economists, financial analysts, investment bankers, policy analysts, and researchers. The starting salary for graduates can vary depending on the job and location, but it is generally in the range of several lakhs per year.

PhD in Economics and Finance Career Opportunities

PhD in Economics and Finance Top Colleges in India

Some of the top colleges in India offering PhD programs in Economics and Finance include Indian School of Business (ISB), Indian Institute of Management (IIM), Delhi School of Economics (DSE), Indian Statistical Institute (ISI), and Indian Institute of Technology (IIT).

PhD in Economics and Finance Admission Procedure

1. Application for the entrance exam 
2.  Result declaration
3. Entrance pass scholar calling for the interview and document verification
4. Provisional registration for pre Ph.D. course work classes
5. Coursework classes shall be attended as scheduled by University
6. Course work examination
7. Result declaration of coursework
8. Submission of synopsis ( 2 spiral bound copies with soft copy of synopsis)
9. Departmental research committee meeting scheduled by University
10. A registration letter shall be issued
11. Research work started by scholar
12. 6 progress reports shall be submitted
13. Soft copy thesis submit
14. plagiarism report check by the university
15. Final after the plagiarism report soft copy thesis shall be sent to experts for evaluation
16. After the consent of experts pre-submission, one set spiral binding shall be submitted
17. After the successful presentation of the pre-submission thesis 3 copies of hard bound thesis shall be  submitted
18. Viva shall be conducted as scheduled by University, Degree Awarded.

PhD in Economics and Finance Documents Checklist 

1.  Documents (10th onwards)
2. Aadhar Card/Pan Card, Caste Certificate
3. Migration Certificate (Original)
4. NOC (From Organization/ Institute/ University)
5. Affidavit (undertaking)
6. Guide Willing
7. Assignments
8. Synopsis (3 copies), Progress Report
9. Library No Dues
10. Lab Letter
11. Thesis Hard copy (Spiral binding)
12. No Dues, Thesis (6 hard copies)
13. Affidavit -Submission (on Rs 100 Stamp and Notary Attested)
14. C.D Soft copies (Thesis & Synopsis)
15. Conference Certificate - 2
16. Research Papers -2 (with ISSN No.)
17. summary (page limit 20-30) -3 Copies 
18. Plagiarism Report Below 10%

FAQs About PhD in Economics and Finance

Q.1 - What is the procedure for PhD Admission to the University?

ANSWER: - The Ph.D. and M.Phil. programs of prestigious Universities are conducted and guided strictly as per the provisions and regulations dictated by the UGC (Minimum Standards and Procedure for Award of Ph.D./M.Phil. Degrees) (1st Amendment) Regulations, 2018 and subsequent amendments. The entire procedure for admission to the research programs encompasses a Research Entrance Exam (RET) and then an Interview/Viva Voce. The performance of a candidate in the RET is given 70% weightage, and the remaining 30% weightage is given to his/her performance at the Interview.

Q.2 - What are the modes of pursuing M.Phil. & Ph.D. programs at the University?

ANSWER: -Both the full-time and part-time modes are available at University for pursuing its Ph.D. programs and only the full-time mode is available for M.Phil. program in the desired subjects/fields. These highly-qualitative and prolific research programs are available in a rather broad range of fields/subjects. At University, the minimum time duration of the M.Phil. and Ph.D. programs is 1.5 Years and 3 Years, respectively, in general.

Q.3 - Are the Ph.D. and M.Phil. Degrees granted by any University valid abroad?

ANSWER: -Yes, of course. If the University is properly recognized under section 2(f) of the UGC Act of 1956 and is a prestigious member of the AIU (the Association of Indian Universities). It is an M.Phil. and Ph.D. degrees granted in various fields/subjects are duly valid across India and the world.

Q.4 - What are the main eligibility criteria for participating in the University Research Entrance Exam (RET)?

ANSWER: -The following are the main eligibility conditions for participating in the RET: - A rigorous Master’s Degree in the proposed subject/field obtained from any recognized university/institution located in India or abroad, with a minimum 55% marks in aggregate or an equivalent grade. Candidates belonging to SC/ST/OBC/Differently-abled categories are given a 5% relaxation in respect of this eligibility criterion. Candidates with an M.Phil. degree in the proposed field/subject, or have qualified for the UGC (JRF) Examinations/ NET/ SET/ SELT, etc., will be allowed to appear directly for the interview, without appearing in the RET. Impressive academic records, and any prior experience in research work, will be given additional advantages.

Q.5 - What relaxations are granted to the reserved categories for Ph.D.? Admission to the University?

ANSWER: - Candidates belonging to the categories of SC/ST/OBC (Non-Creamy layer)/Differently-Abled, and so on, are given all relaxations prescribed by the Govt. of India and the UGC. These relaxations are provided in form of 5% reduced marks for them at post-graduation, and also in the minimum qualifying marks at RET. Thus, candidates belonging to these categories only need to score a minimum of 45% marks at RET, to qualify for the final interview.

Q.6 - How will be the pattern of RET?

ANSWER: - The syllabus or pattern of RET consists of subject-specific matters, research methodology, and aptitude (covering logical reasoning, numerical ability, analytical reasoning, statistics, etc.).Thus, RET will contain a total of 70 multiple-choice questions (MCQs).

Q.7 - Are M.Phil. Holders/UGC- NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE exempted from appearing at RET?

ANSWER: - Yes. The holders of M.Phil. degrees in their respective fields/subjects are made exempt from appearing in RET. The same is the situation in cases of aspiring candidates who have qualified exams like UGC-NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE, etc.

Q.8 - How is the application fee paid?

ANSWER: - The Application Fee (i.e. the fee for getting participated in RET) can be paid online or offline, like the Application Form. Payment Modes: DD (in Favor of the University) / NEFT/ Cash Deposit.

Q.9 - Do working candidates require to obtain NOC from employers for pursuing research at any University?

ANSWER: - Yes, necessarily. Working Professionals who are interested in research at any University are required to obtain the NOC (No Objection Certificate) from their respective employers, in order to avert any intrusion ever during the entire doctoral course.

Q.10 - Does an M.Phil. holder require to undergo Ph.D. coursework?

ANSWER: - Yes. M.Phil. holders are again required to undergo the coursework in Ph.D. at some Universities. However, their prior knowledge in the field/subject will be very supportive to them for learning and performing efficiently during the Ph.D. program.

Q.11 - Can I pay the yearly program/course fee in installments?

ANSWER: - Yes, you can pay the yearly course fee as many as in two installments, but well within the yearly session.

Q.12 - Does Any University provide any scholarship or stipend to pursuing scholars?

ANSWER: - Yes, of course. Many Universities offer scholarships as well as stipends to meritorious and talented candidates who undertake research studies at the University. Scholarships are granted to those candidates who come under the top 21 by scoring higher marks in RET and interviews. And, stipends are provided to those scholars who also give lectures to UG or PG students at the University, in addition to doing their Ph.D. coursework. The amount of the monthly stipend will be commensurate with the candidate’s qualifications and capabilities and may go up to Rs. 20,000.

Q.13 - What other many facilities are provided to research scholars at the University Campus?

ANSWER: - All necessary and constructive resources, amenities, and facilities are offered by well-established and prestigious universities to research scholars in various streams/subjects. These facilities include the following - spacious and peaceful study rooms, erudite and well-experienced academicians and research experts, Wi-Fi and diverse IT devices, state-of-the-art laboratories, well-stocked libraries, lavish R&D amenities, separate amenities for lodging and foods for male and female candidates, peaceful and constructive environment within the university campus, and many other comforting and convenient facilities and services.