How a PhD in Commerce changes the narrative for your future career

1. How a PhD in Commerce changes the narrative for your future career PhD in Commerce is a three to five-year-long doctorate course that deals with finance and management theories and entrepreneurship methods in real-time work. It is a research-based course, and upon completion, there are many job options available to the students. Some of the job roles start with Research Consultant, E-Commerce Executive, Accounts Executive, Associate Professor, etc. Critical Highlights for PhD in Commerce Full-Form: Doctor of Philosophy in Commerce Duration: Minimum three-year, maximum of six years (depends on the length of the research and college or university) PhD Admission Process: Entrance Exam followed by Interview. Top Entrance Exam: UGC NET Top Colleges for PhD: Bangalore, Chennai, Coimbatore, Mumbai, Pune, and Tiruchirappalli. Distance Education or Correspondence: The PhD is generally research-based and involves negligible classroom learning. So, it can be completed by distance learning more efficiently. Top Career Prospects: Professor, Business Analyst, CEO, Financial Manager. Subjects and Syllabus for PhD Commerce The course duration is up to two years which probably gets extended because of the research work given to the students. The PhD course is a prestigious course as it honours the students with the post-nominal initial ‘Dr’. Below mention list are some of the core subjects in the course:  Basic Economic Concepts  Accounting Theory  Corporate Finance Theories  Contemporary Management Theory  Classical Management Theory Job Profile After completing the program, the students will have the required skills to explore their job scopes. Lecturer– Lecturers are subject experts who design, develop, and deliver material using various methods and platforms. Business Finance Analyst– The role includes evaluating financial reports, analysing reports and predicting business activity with the assistance of the sales team and developers.

2. Chief Financial Officer– The job involves:  Overseeing personnel  Discussing accounting and treasury roles  Handling cash and controlling business operations Finance Manager– Research involves account control, data review and report creation. They are investigating current market trends and building techniques for enterprise development. Business Consultant– Their role is to analyse the market, product lines and the overall profitability of the business. Investment Bankers– Investment Bankers help their customers raise money in the capital market by issuing debt or selling their equity in the companies. Finance Consultant– Through counseling them on tax preparation, savings, retirement plans, etc., they help their customers achieve their short and long term goals. Accountants– They plan assets, liability, and capital account entries by collecting and analysing account information. Chief Executive Officer- The job involves handling the company activities in collaboration with the management and the board of directors that is, implementing innovations and managing the firms’ finances. Research Topics While the topics chosen by a PhD in Commerce candidate may differ as per his inclinations, here are a few broad topics or specialisation choices you can expect to explore during your course:  International Financial Reporting  Strategic Cost Management  Business Forensics  Accounting Information Systems  Audit Technology  Capital Markets-based Accounting Approach  Revenue Management  Business Intelligence  Enterprise Risk Management  Market Volatility Key Skills Required for PhD Commerce Students There are many skills that PhD Commerce students need to have to ensure that they succeed in their careers. Some of these skills are listed below:  Flexible Temperament  Ability to Work Under Pressure  Time Management Skills

3.  Quantitative Ability Skills  Logical Reasoning Skills In addition, Commerce involves: Many moving parts demand that you possess strong leadership skills.  Problem-solving abilities.  Strategising abilities.  Communication skills.  Analytical decision-making abilities. The Commerce field provides the students with many opportunities in different areas like LLB, Human Resources, Accounts Management, Statistics Analysts, etc. Closing With a country’s economic or cultural development hinging on Commerce specialisation, it is one of the most sought-after files today. As an experienced commerce professional, you can focus on strategies to drive conversions and sales. You can also develop good relationships with manufacturers and enhance the client experience. This also involves retailers and wholesalers, who directly make a deal with the clients. Therefore, experts in Commerce are required to up-skill themselves to gain a comprehensive understanding of how Commerce deals with problems. This is possible through experience from solving real-life issues, which can be sought from working on commerce projects. We hope all the details we mentioned above will help you enhance your job-relevant skills or knowledge, which can serve as catalysts to landing your preferred job. So, we wish you the best of luck!