Ph.D. in Business Economics is a 3-year full-time doctorate program in Economics. The eligibility for the program is qualifying Master’s in Business Economics (MBE) or M.Phil with a minimum aggregate of 55% from a recognized university.
Some of the top colleges who offer the program of Ph.D. in Business Economics are as follows:
- University of Delhi - Delhi
- HKBK College of Engineering - Karnataka
- Awadhesh Pratap Singh University – Madhya Pradesh
- Veer Bahadur Singh Purvanchal University – Uttar Pradesh
- Maharaja Sayajirao University of Baroda - Gujarat
Admission to Ph.D. in Business Economics course is offered on the basis of Merit obtained in the qualifying examination. However, candidates will have to pass the entrance examination conducted for Ph.D. programmes in state and national level followed by a personal interview conducted by the respective universities and colleges. Candidates are required to submit a thesis proposal which would be evaluated by the faculty at the time of interview. The course highlights the issues and problems pertaining to economics related to the field of business.
Ph.D. in Business Economics study which offers the students guidance in developing their foundation surrounding the principles and fundamentals of economics, learning the skills which will aid in progressing their career in business. Candidates having a general knowledge of economic issues and political problems related to Business are deemed to be suitable for the program. In addition, they should have an analytical mind, as well as the skill of gathering, interpreting and presenting the data explaining them with a logical pretext.
The average college fee charged for the program in India ranges from INR 28,000 to 2.50 lacs. Doctorates of Ph.D. in Business Economics program has wide prospects in areas associated with Business Economics such as Banks, Stock Exchange, Business Parks, Trade Centres and much more. The average salary earned by the students ranges from INR 3 to 17 lacs per annum.
Top Colleges for Ph.D. (Business Economics)
- 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 Business Economics: Course Highlights
|Duration||3 to 5 years|
|Eligibility||Qualifying MBE or M.Phil in Business Studies with 55% from a recognized university/ Entrance examinations conducted by universities/ personal Interview.|
|Admission process||Merit and Entrance Based|
|Course Fee||INR 28,000 to 2.50 lacs|
|Average salary||INR 3 to 17 lacs per annum|
|Top Recruiting Companies||Banks, Financial Institutions, Stock Exchange, Trade Centres, etc.|
|Job Positions||Marketing Agent, Zonal Business Manager, Business Analyst, Business Development Manager, etc.|
Ph.D. in Business Economics: What is it About?
The Business Economics is the field surrounding the study pertaining to managing of business with scarce resources. Ph.D. in Business Economics integrates the field of Economics with Business highlighting the important aspects of business with more precision. The students are provided with a platform to enhance their knowledge about the business world and how to strategize the solution for issues related to businesses effectively.
Candidates through the program gain an intrinsic view into the issues corresponding to management, business organization and strategize. The doctorate program in business economics renders candidates a comprehensive outlook about the business world by building their foundation in the areas of economic principles, decision making, advising concepts related to business as well as learning the essential principles with efficiency. Candidates are polished in their skills of research, analysis as well as in sharpening their interpersonal skills.
The curriculum is designed in a manner which instills in students the overall understanding of the subject using comprehensive methods as well as practical skills. Students have to go through intensive classroom theory as well as practice in the form of projects, field study, case studies, and discussions. In the final year of Ph.D. in Business Economics course, candidates are required to generate their thesis surrounding the topic surrounding their field of study.
Ph.D. in Business Economics prepares candidates to become proficient businessmen as well as effective economics interpreter by developing in them the skills of analysis, interpretation, and understanding of business policies. The course enables them to choose their career in the areas of Banks, Business Parks, Stock Exchanges, Trade Centres and much more. The overall aim of the course is to imbibe in students the intricacies of becoming proficient economists who can build their career surrounding managing of business resources and take it to greater heights.
Ph.D. in Business Economics: Top Colleges and Institutes
|Name of Institution||Location||Average Course Fee (in INR)|
|Maharaja Sayajirao University of Baroda||Gujarat||NA|
|Veer Bahadur Singh Purvanchal University||Uttar Pradesh||NA|
|Awadhesh Pratap Singh University||Madhya Pradesh||1,25,000|
|University of Delhi||Delhi||NA|
|Adarsh College of Arts and Commerce||Maharashtra||62,000|
|HKBK College of Engineering||Karnataka||90,000|
|Lovely Professional University||Punjab||2,45,900|
|Birla Institute of Technological Studies (BITS Pilani)||Rajasthan||NA|
|Madras School of Economics||Chennai||28,000|
|Delhi School of Economics||Delhi||NA|
Ph.D. in Business Economics: Eligibility
The minimum eligibility criteria for Ph.D. in Business Economics are as follows:
- Candidates should have completed their MBE or M.Phil degree in the Business Economics with a minimum aggregate of 55% and above from a recognized university.
- They should have passed the entrance examination conducted by the university for admission to the program such as PET, NET and much more
Ph.D. in Business Economics: Admission Process
Admission to Ph.D. in Business Economics is done solely on the basis of Merit. The eligibility criteria for admission is qualifying Master’s degree in Business Economics or M.Phil in Business Economics with a minimum of 55% of aggregate from a recognized university. However, the eligibility criteria are subject to vary for different colleges. In addition to this, candidates are also required to pass the various state and national level examinations held for Ph.D. programs. This may be followed by Personal Interview and group discussion conducted for understanding the personality traits of the students. The cumulative marks obtained in qualifying tests and entrance exams is calculated to obtain the merit percentage which may differ for different universities.
Some of the entrance examinations held for Ph.D. in Business Economics are as follows:
- NET – National Eligibility Test
- DET – Doctoral Entrance Test
- SET- State Eligibility Test
- PET – Ph.D. Entrance Test
Candidates can apply for Ph.D. in Business Economics course both online as well as offline. All important information pertaining to admission dates, counseling and selection of the candidate will be notified through email or listed on the official website of the college.
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Ph.D. in Business Economics: Syllabus and Course Description
The course syllabus in Ph.D. in Business Economics imparts to the students in maximizing their understanding of the subject. The course lays emphasis on the aspect of managing resources in business as well as economic issues related to management, and business strategy. They are rendered the skills of analyzing, interpreting and organizing skills related to the business world and issues surrounding economic policies.
Following is the tentative study of subjects followed by most of the universities and colleges mentioned below:
|Subjects of Study|
|Fundamentals of Research Methodology|
|Fundamentals of Marketing|
|Fundamentals of International Business|
|Fundamentals of Organizational Behavior and Development|
|Fundamentals of Accounting|
|Advanced Research Methods – International Business, Finance and Accounting|
|Advanced Accounting & Finance|
|Advanced International Business|
** The Syllabus of the program may differ for different colleges.
Ph.D. in Business Economics: Career Prospects
Students of Ph.D. in Business Economics after the successful completion of the program have a wide range of opportunities in the field concerning Business Economics. They have opportunities in areas of Banks, Financial Institution, Research and Development, Stock Exchanges, Trade Centres, Finance Departments, Business Parks, Universities and much more. They can become Business Development Manager, Brand Manager, Business Analyst, Zonal Business Manager, Marketing Agent, Economist, Business Management Trainee, Business Finance Analyst, Brand Manager, Business Finance Associate and much more.
Enlisted below are some career options for candidates to choose from:
|Job Profile||Job Description||Average Salary (in INR) per annum|
|Economist||Role includes conducting research, analyzing economic issues using mathematical models and statistics to zero in on a solution.||INR 6.5 to 9 lacs|
|Business Finance Analyst||Role includes evaluating financial reports, analyzing reports and predicting business activity with the assistance of the sale team and developers.||INR 4 to 6 lacs|
|Business Development Manager||Role includes developing, coordinating and implementing plans for increasing the business sales and build new opportunities.||INR 5 to 7 lacs|
|Zonal Business Manager||Role includes handling sales, distribution for maximizing sales through coordination with zonal teams and partners.||INR 8 to 17 lacs|
|Marketing Agent||Develop and design strategies to increase the sales of the organization.||INR 6.5 to 8 lacs|
|Business Finance Associate||Prepare budgets, coordinate with the project team, evaluate and maintain finance systems.||INR 3 to 6 lacs|