EDUKRAFT INSTITUTE OF DISTANCE LEARNING PhD in Finance Admission 2024-25, Ranking, Application Fees, Merit List

PhD in Finance About 

A Ph.D. in Finance is a three- to five-year finance doctoral degree program. A PhD in finance is a research-focused academic degree that is designed to prepare students for careers in research, teaching, and other academic pursuits. The program typically involves advanced coursework in finance and related fields, as well as independent research and the completion of a dissertation.

The coursework in a finance PhD program typically covers topics such as corporate finance, investments, financial markets and institutions, asset pricing, and financial econometrics. Students are also often required to take courses in related fields such as economics, mathematics, and statistics.

In addition to coursework, finance PhD students are expected to conduct independent research and produce original scholarship. This involves identifying research questions, designing and executing research studies, analyzing data, and disseminating findings through academic publications and presentations.

Upon completion of a finance PhD program, graduates typically pursue careers in academia, working as professors, researchers, or consultants in universities, research institutions, or other educational settings. They may also work in government or industry, applying their research expertise to inform policy or business decisions.

PhD in Finance Highlights

Some of the key highlights of a PhD in finance include:

Advanced knowledge: A PhD in finance provides students with an in-depth understanding of financial theories, concepts, and practices. This advanced knowledge prepares graduates to pursue careers in academia, research, and consulting.

Research skills: Finance PhD programs emphasize independent research, providing students with the opportunity to develop their research skills and gain experience in designing, conducting, and analyzing research studies.

Professional network: Finance PhD programs provide students with opportunities to network with other researchers, faculty members, and industry professionals. This network can be valuable in pursuing academic or professional opportunities after graduation.

Career opportunities: Graduates of finance PhD programs have many career opportunities, including academic positions at universities and research institutions, as well as consulting roles in industry and government.

Prestige and recognition: A PhD in finance is a prestigious academic achievement that demonstrates a high level of expertise and dedication to the field. Graduates of finance PhD programs are recognized as experts in their field and are often sought after for their expertise.

Flexibility: Many finance PhD programs offer flexible schedules and research topics, allowing students to tailor their education to their specific interests and career goals.

PhD in Finance Entrance Exam and Eligibility Criteria

Educational Qualification of PhD Finance includes that the candidate must have a passed degree of graduation and masters from a relevant subject from a recognized institution and board.

Graduation and Masters Marks should be qualified with a minimum mark of 50%-60% or more depending on the institution and also should have related subjects like Mathematics, Finance, Statistics, Accounting or Economics.

Candidates with MBA in other subjects can also apply for this course on the basis of their post-graduation marks and subjects.

PhD in Finance Admission and Selection Criteria:

The admission process for a PhD in finance program typically involves submitting an application, transcripts, test scores, letters of recommendation, a statement of purpose, and a writing sample. The application process may also include an interview.

Selection criteria vary by institution, but typically include a review of the applicant's academic record, test scores, research interests, writing sample, and letters of recommendation. Some programs may also consider the applicant's work experience and career goals.

PhD in Finance Duration:

The duration of a PhD in finance program varies, but most programs take 4-5 years to complete. During this time, students typically take advanced coursework, conduct independent research, and write a dissertation.

PhD in Finance How to Apply:

To apply for a PhD in finance program, applicants should research the requirements and deadlines for each institution they are interested in. They should then prepare their application materials, including transcripts, test scores, letters of recommendation, a statement of purpose, and a writing sample.

Applicants should submit their application materials by the deadline specified by the institution. Some programs may require an application fee.

Overall, applying for a PhD in finance program requires careful research, preparation, and attention to detail. Applicants should be sure to follow the requirements and deadlines of each institution they are interested in to maximize their chances of being accepted.

PhD in Finance Admission Process:

The application process for a PhD in finance typically involves completing an online application form, submitting transcripts, test scores, letters of recommendation, a statement of purpose, and a writing sample. Some programs may also require an interview.

Applicants should research the requirements and deadlines for each institution they are interested in and carefully prepare their application materials. They should also be prepared to pay an application fee, which varies by institution.

Please fill out the application form on the website of the research institution to which you wish to apply. Applications can be completed online or offline.

Please take the entrance exam depending on the educational institution of your choice. After passing the entrance test and achieving at least the required number of points, you can proceed to the next process.

Next is the interview. You will be invited only if you pass the entrance test. There may be more than one interview process.

During your interview, you may be asked about your doctoral thesis plans and why you want to obtain a doctoral degree. If you pass these interviews, you will receive a confirmation letter from your institution.

PhD in Finance Fee Structure

The application fee for a PhD in finance program varies by institution but can range from $50 to $150.

PhD in Finance Syllabus:

The syllabus for a PhD in finance program typically includes advanced coursework in finance, economics, mathematics, and statistics. Specific courses may include corporate finance, investments, financial markets and institutions, asset pricing, and financial econometrics.

In addition to coursework, students are also required to conduct independent research and write a dissertation.

Job Profiles After Completed PhD in Finance

Graduates of PhD in finance programs have many career opportunities, including academic positions at universities and research institutions, as well as consulting roles in industry and government.

According to PayScale, the average salary for a finance professor is $106,791 per year, with a range of $64,000 to $193,000 per year depending on experience, location, and institution.

PhD in Finance Career Opportunities:

Career opportunities for graduates of a PhD in finance program include:

• Academic positions at universities and research institutions
• Consulting roles in industry and government
• Investment banking
• Hedge fund management
• Private equity
• Risk management
• Financial analysis and modeling
• Portfolio management

PhD in Finance Top Colleges:

Some of the top colleges for a PhD in finance program include:

• Massachusetts Institute of Technology (MIT)
• University of Chicago
• Harvard University
• Stanford University
• New York University (NYU)
• University of Pennsylvania (Wharton)
• Columbia University
• Northwestern University (Kellogg)
• University of California, Berkeley (Haas)
• University of Michigan, Ann Arbor (Ross)

These institutions are highly selective and have rigorous academic standards, but offer excellent resources and opportunities for students pursuing a PhD in finance.

PhD in Finance Admission Procedure

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

Documents Required For PhD in Finance

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

FAQs About PhD in Finance Program

Q.1 - What is the procedure for Ph.D.? 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.