Ph.D. in Banking and Finance is a Research level program, which is of 3-year duration. Students seeking admission to this course must hold a Master’s degree in relevant discipline or equivalent from a recognized university. Admission to this program will be granted based on Merit in the entrance examination conducted by the college or university followed by Personal Interview.
Some of the top colleges or universities in India offering Ph.D. in Banking and Finance are given below:
- Mumbai University
- R.A. Podar College of Commerce and Economics
- Nagindas Khandwala College of Commerce
- Allahabad State University
- Savitribhai Phule Pune University
Students who want to make a career in the field of Banking and Finance and are interested in learning about the process of banking are well suited for Ph.D. in Banking and Finance. This course is basically formulated to help students in understanding the major areas or domestic and international banking, economics and investment along with practical knowledge of basic concepts and skills.
The career options in this program include employment in various fields such as Colleges and Universities, Stock Exchange, Banks etc. On completion of Ph.D. in Banking and Finance program, students can get jobs of various profiles such as Stockbroker, Analyst, Statistician, Credit Control Manager, Teacher/ Lecturer etc. Students holding Ph.D. degree in Banking and Finance will get an average annual salary ranging from INR 1,80,000 to INR 6,00,000 depending on the experience and knowledge of the candidate.
Top Colleges for Ph.D. (Banking & Finance)
- M.Phil/Ph.D in Commerce in Delhi-NCR
- M.Phil/Ph.D in Commerce in Maharashtra
- M.Phil/Ph.D in Commerce in Chennai
- M.Phil/Ph.D in Commerce in Uttar Pradesh
- M.Phil/Ph.D in Commerce in Telangana
Ph.D. in Banking and Finance: Course Highlight
|Examination Type||Semester System|
|Eligibility||Master’s degree in relevant discipline or equivalent|
|Admission||Entrance Test followed by Interview|
|Course Fee||INR 50,000 to 1,50,000|
|Average Starting Salary||INR 1,80,000 to INR 6,00,000|
|Top Recruiting Organizations||National Stock Exchange, Reserve Bank of India, State Bank of India, Mumbai University etc.|
|Top Recruiting Areas||College and Universities, , Stock Exchange, Banks, Private Companies etc.|
|Top Job Profiles||Stockbroker, Analyst, Statistician, Credit Control Manager, Teacher/ Lecturer, Financial Manager etc.|
Ph.D. in Banking and Finance: What is it about?
Ph.D. in Banking and Finance focuses on the topics of financial and economic theory, stock exchanges, banking etc. This course also concerns with areas like economy at National and International level and investment.
Students desirous of making their career in the banking and financial sector and are ready for doing some kind of research work for the betterment of the banking sector and stock market are well suited for this course. Candidates who wish to seek admission to this program should possess skills such as Managerial skills, analytical and logical thinking.
On completion of Ph.D. in Banking and Finance course, students can opt for jobs in various sectors such as College and Universities, Stock Markets, Banks, Private Companies etc as a Stockbroker, Analyst, Statistician, Credit Control Manager, Teacher/ Lecturer, Financial Manager, Corporate Banking Executive.
Ph.D. in Banking and Finance: Top Institutes
A list of some of the top institutes/ universities across India offering this course is provided in the table given below:
|Name of the Institute||Location||Average Course Fee|
|Mumbai University||Mumbai, Maharashtra||-|
|R.A. Podar College of Commerce and Economics||Mumbai, Maharashtra||-|
|Nagindas Khandwala College of Commerce||Mumbai, Maharashtra||-|
|Allahabad State University||Allahabad||-|
|KPB Hinduja College of Commerce||Mumbai, Maharashtra||INR 12, 000|
|Savitribhai Phule Pune University||Pune, Maharashtra||INR 61,000|
|International School of Business and Research||Bangalore, Karnataka||INR 1,50,000|
Ph.D. in Banking and Finance: Eligibility Criteria
Students seeking admission to Ph.D. in Banking and Finance program must hold a Master’s degree in relevant discipline or equivalent from a recognized university. For admission to this program, candidates have to clear the cut off percentage decided by the college or university in the entrance exam
Ph.D. in Banking and Finance: Admission Procedure
Admission to Ph.D. in Banking and Finance program will be granted strictly on the basis of candidate’s performance in the entrance exam conducted by the respective college/ university followed by Personal Interview. Admission to this course will commence in the month of November. Students who are willing to seek admission to this course can apply for the same either online or offline.
To fill the application form online, students have to visit the official website of the college/ university and enter all the necessary details correctly in the application form. On successful registration, the admission authorities will contact you after which you are required to visit the college/ university campus in person will all the documents required such as PG degree Mark Sheet, Graduation Mark Sheet, Degree, ID proof and Photographs to complete the admission process. Candidates who wish to apply offline are required to visit the university/ college and purchase the application form and submit the same after filling it correctly.
The list of colleges offering Ph.D. in Banking and Finance program along with their admission procedure is given below:
|Mumbai University||Entrance Test + Interview|
|R.A. Podar College of Commerce and Economics||Entrance Test + Interview|
After receiving the application forms of students, the above-mentioned institutes releases its cut-off marks in the entrance exam for admission to Ph.D. in Banking and Finance program. Admission to this course will be granted only to those candidates who clear the cut-off marks decided by the respective colleges/ universities and also on meeting the other necessary admission requirements decided by the admission authority.
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Ph.D. in Banking and Finance: Syllabus and Course Description
Students have to study the subjects mentioned below while pursuing Ph.D. in Banking and Finance course from any of the colleges or universities mentioned above. The details of the subjects that students have to study while pursuing this program are provided in the table given below:
|Year I||Year II|
|Foundations of Business Research||Continuous Time Finance|
|Stats for Business Research|
Research Project Seminar
|Microstructure of Markets|
|Empirical Asset Pricing||Research Methods in Finance 2|
|Asset Pricing Theory||Workshops in Finance 1|
|Empirical Corporate Finance||Workshops in Finance 2|
|Corporate Finance Theory||-|
|Empirical Corporate Governance||-|
Ph.D. in Banking and Finance: Career Prospects
Ph.D. in Banking and Finance is a job-oriented program the duration of which is 3 years. This course can be pursued by students holding a Master’s degree in relevant discipline from a recognized university. Admission to this program will be granted based on candidate’s performance in the entrance examination conducted by the college/ university followed by Personal Interview.
This course is beneficial for students as it helps them in learning about the latest reforms in the banking sector so that they can also contribute towards the betterment of economy and financial sector of the nation. It also helps students in enhancing their communication skills and improves the personality of the student on the whole. This program also helps in enhancing the administrative skills of students. Numerous opportunities exist for students holding Ph.D. degree in this field. Several jobs exist for Ph.D. degree holders in Banking and Finance such as in College and Universities, Government Organizations, Banking Sector, Stock Market etc.
A person holding Ph.D. in Banking and Finance could work in the following profiles on completion of this course:
- Credit Control Manager
- Teacher/ Lecturer
- Financial Manager
- Customer Relationship Executive
Ph.D. in Banking and Finance Top Recruiters
- Mumbai University
- Govt. Organizations
- Ministry of Finance
- State Bank of India
- Reserve Bank of India
Ph.D. in Banking and Finance: Salary Trends
Ph.D. in Banking and Finance is a popular course in the field of Banking and Finance. Nowadays, this course is flooded with students as this course helps them in enhancing their communication and leadership skills. The average salary offered to students holding Ph.D. degree in Banking and Finance ranges from INR 15,000 to INR 50,000 per month and this salary totally depends on the college, degree, experience, and knowledge of the student. One can choose this course as one’s career option as there are several opportunities in front of candidates to choose from.
|Job Profile||Job Description||Average Annual Salary (INR)|
|Customer Relationship Executive||A Customer Relationship Executive is responsible in maintaining a healthy relationship between a customer and the client||INR 1,80,000 to INR 2,40,000 per year|
|Stock Broker||A Stockbroker is a person who maintains the buying and selling of stocks and also maintains other securities through a stock market.||INR 3,00,000 to INR 6,00,000 per year|
|Statistician||A Statistician is a person who uses theoretical or applied statistics. He plays and important role in applying the theory of Statistics in performing market research.||INR 2,40,000 to INR 5,00,000|
|Credit Control Manager||A Credit Control Manager is responsible in managing all the debit or credit of a firm.||INR 3,00,000 to INR 6,00,000|
|Lecturer/ Teacher||The role of a Teacher/ Lecturer is to teach students in Colleges and universities about the concepts of Banking and Finance.||INR 4,00,000 to INR 6,00,000|