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 candidates deeper insight into the concepts of finance and also enables them to undertake research in 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.
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 candidates 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 PhD in Finance programs are UGC NET, GATE, NMIMS, etc. The average course fee ranges between 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 Business Environment, Cost and Management Accounting, Industrial Growth and Structural Changes, etc
Some of the top PhD Finance Colleges are IIT Madras, Indian Institute of Foreign Trade, New Delhi, and many more. IIMs offer doctoral programs under the name of Fellow Program in Management commonly referred to as the FPM.
Step 1: Registration- The candidates are required to visit the entrance examination authorities' website register themselves with an email or phone number and develop a login ID
Step 2: Fill out the application form - The students will have to fill up the application forms of the respective institutes from where they would like to pursue their PhD in Finance. The application forms can be filled up online. The candidates are required to provide the details of their preferred entrance exam cities and also provide the necessary academic details
Step 3: Upload the various documents- The candidates are required to upload the various documents in their preferred size and format. The candidates are then required to pay the application fees and take out a receipt for future reference.
Step 4: Appear for the entrance test - Candidates are required to appear for the entrance examination. Different Universities conduct their admission tests. Based on their performance in the entrance test, the students are called for the 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 a 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 further admission procedure and they will be allowed to take admission to that respective university.
Course Level | Doctorate |
Full-form | Doctor of Philosophy in Finance |
Duration | 3 years |
Eligibility Criteria | Completed post graduation in courses like Accountancy, Economics, or Mathematics with a minimum of 55% marks. |
Mode of Education | Regular |
Admission Process | Entrance Test |
Course Fee | Notified Soon |
Average Salary | INR 3 LPA - INR 8 LPA |
Job Positions | Stockbroker, Statistician, CFA, Credit Control Manager, Finance Manager, Corporate Banking Executive, etc. |
Top Recruiters | HCL, TATA Consultancy, Accenture, Genpact, Vodafone, Oracle, Accenture, Reliance, Bajaj, Airtel, etc. |
Most programs require a minimum GPA (grade point average) of 3.0 or higher and may have specific course requirements, such as undergraduate courses in finance, accounting, calculus, and statistics.
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Admissions committees may evaluate applicants based on their academic record, test scores, relevant work experience, research interests, and letters of recommendation.
1. Prospective students should consult the website of the institution they wish to apply to for specific application instructions.
2. Generally, applicants must submit an online application, pay an application fee, and provide transcripts, test scores, letters of recommendation, a personal statement, and a writing sample.
3. Some programs may also require an interview or a research proposal.
4. To apply for a PhD in Financial Science with a focus on DCF, prospective students should meet the eligibility criteria, prepare for the entrance exam, submit a complete application, and demonstrate their potential for academic and research excellence.
Prospective students can typically access the application form for a PhD in Financial Science with a focus on DCF online through the institution's website. |
The application form will typically require personal information, academic history, and test scores, as well as letters of recommendation, a personal statement, and a writing sample. |
The syllabus for a PhD in Financial Science with a focus on DCF will vary by institution but will typically cover advanced topics in finance, economics, statistics, and mathematics. Courses may include financial modeling, investment analysis, financial markets, advanced econometrics, and behavioral finance, among others.
Job Profile | Job Description | ||
Assistant Professor | Teaching Finance courses to junior-level (UG, PG, MBA) students. | ||
Professor | Usual work includes researching on ‘financial aspects’ of a society and teaching students. | ||
Stockbroker | Purchasing stocks and offering them to various retail and institutional customers using the stock exchange. | ||
Statistician | Deals with theoretical and applied statistics. | ||
Relationship Manager | A Relationship Manager works to maintain a good relationship with other competitors and clients. | ||
CFA | A CFA analyzes investments, stocks or companies. | ||
Financial Managers | Takes care of the financial health of the companies they work for and creates financial reports and plans. |
Career opportunities for graduates with a PhD in Financial Science with a focus on DCF include positions as professors, researchers, financial analysts, risk managers, quantitative analysts, and asset managers, among others. Graduates can work in academia, government agencies, non-profit organizations, or private sector companies.
PhD in Finance students may look for jobs in both the private and public sectors including accountancy firms and banking sectors as well. After completion of the PhD in Finance course, the students may go for research work or take up jobs in various research labs or may teach at several colleges and universities. A few popular divisions include:
PhD in Finance grads have quite a prosperous future and although the initial salary of the candidates may seem less, their income will increase with experience. The students may also carry out further research in their respective fields.