Have you already completed your master’s degree in commerce and ever wondered about advancing your career in the same field? If not, now is the time to delve deep into the intricate world of commerce. But how? You can think of a Doctorate in Commerce. With this degree, you will have an opportunity to explore and excel in new horizons of economics. 

In this era, there is a massive need for people with a PhD in Commerce, as these experts are proficient in subjects like economics, finance, and business management. This highly recognised degree focuses majorly on areas like research, teaching, etc. There is a high demand for PhD holders in universities, research centres and schools. This blog will discuss the overview of Phd in Commerce. it’s worth, eligibility and fee structure.

PhD in Commerce – An Overview

A Doctorate of Philosophy (PhD) in Commerce is a pinnacle of academic achievement. This highest level of education degree provides students with a deep understanding of commerce and skills to critically analyse and contribute to the field of commerce. The duration of the PhD programme is generally 3 to 5 years. With this degree, students gain a deeper understanding of the commerce field. This helps them to develop the skills and knowledge which are essential to conducting advanced research in this specific field. 

Is PhD in Commerce Worth It?

A PhD in Commerce holds significant value in today’s competitive job market. PhD in commerce holds influential value. With this advanced and valuable degree, students will gain expertise in various aspects of commerce. Some benefits of pursuing this degree are mentioned below:

• Get a competitive advantage: This course will boost your job, help you stand out from the competition, and make you a valuable asset in the market. 
• Hone your skills: A PhD in Commerce will teach you how to lead people in a more interconnected, global society. 
• Make a statement in the crowd: This degree will make you stand out in the market.
• Gain expertise as a scholar-practitioner: PhD will give you the skills and assurance needed to join and present at scholarly conferences. 
• Become a more critical thinker: A syllabus of PhD commerce will certainly enhance your skills by showing you the best understanding.
• Make progress for the greater good: PhD programmes strongly emphasise on performing well and positively impacting your company and the community.

PhD Commerce Eligibility

The eligibility criteria for enrolling in a PhD programme in commerce may vary depending on the institution and country of study. However, some common requirements for PhD Commerce eligibility include the following:

• Applicants must have a PG degree in commerce or a related field, and a minimum of 60 % marks are required.
• Some universities also require the candidate to have a valid score in national-level research aptitude tests such as UGC-NET, GATE, etc.
• PhD programmes require applicants to submit a detailed research proposal outlining their intended area of study, research objectives, methodology, and expected outcomes.
• PhD admission in commerce is often based on written tests followed by an interview at the respective university.

Career Opportunities 

After PhD in commerce, graduates have numerous career opportunities. Some job roles are mentioned here:  

• Academia 
• Research and Consultancy
• Corporate Leadership 
• Policy Analysis and Development
• Investment Banker
• Portfolio Management Specialist
• Financial Analyst
• Statistician
• Risk Analyst
• Equity Research Analyst

PhD Commerce Fees

The PhD Commerce fees may vary from university to university depending on factors such as the institution’s location and programme duration. In general, PhD programmes are known for being expensive due to the extensive research facilities, faculty expertise, and academic resources they offer. Normally, fees are divided into three sections: 

• One-time registration fee: INR 10,000/-
• Tuition fee: INR 40,000 per annum [completely waived as part of the scholarship]
• Thesis evaluation fee: INR 10,000/ [at the time of thesis submission]

Additionally, students are typically required to cover expenses related to research materials, conference attendance, and publication fees. 

Conclusion 

This write-up has discussed the PhD in commerce degree details, fees, and eligibility criteria. We know the importance of a PhD professional. They contribute to the education sector and have various opportunities to work in different sectors. Everyone in society sees them with honour and respect because of their deep knowledge of the specific subject.