Why Do Individuals Pursue a PhD In Commerce

1. Why Do Individuals Pursue a PhD In Commerce? PhD in Commerce is a research-based highest academic qualification that can be studied after completing a master's degree in the same stream. The duration of the course depends upon the research. Doctor of Philosophy in Commerce takes a minimum of 3 to 6-year duration for completion of the course. It deals with finance and management theories and entrepreneurship processes to employ in real-time work. The following points are the importance of commerce stream-      Commerce boost the wealth and national income Commerce helps during emergencies It tries to satisfy rising human wants Commerce links customers and manufacturers Commerce encourages global trade Eligibility Criteria Following are the primary necessities for PhD in Commerce:  First, students must complete a master’s degree in Commerce or an MPhil degree from any recognised university. They need a minimum of 45-50% marks in their previous study. There are several universities in Bangalore where students clear the UGC-NET entrance exam for admission.   The PhD admission in Bangalore is possible through two methods, offline and online. The best PhD University in Bangalore for Commerce students offers admission on university-based entrance exams and national or state-level tests after completion of postgraduate courses. Syllabus and Subjects for PhD Commerce The PhD in Commerce includes both core and elective subjects. Following are some of the core subjects in the program:      Corporate Finance Theories Basic Economic Concepts Classical Management Theory Accounting Theory Contemporary Management Theory Research Related Specialisations and Topics for PhD in Commerce Degree To excel in the degree, students need to select the research topics they are interested in. Following are some of the topics which they can choose during the course-           International Financial Reporting Business Forensics Market Volatility Capital Markets-based Accounting Approach Business Intelligence Strategic Cost Management Accounting Information Systems Enterprise Risk Management Audit Technology Revenue Management What Are The Career Options After PhD In Commerce?

2. After completing a doctorate degree in commerce, most graduates prefer to work in the education sector. Still, if they do not go into the academic sector, they have several other options to apply to build a strong future. Statistical Research Consultant – They evaluate and implement medical studies to assist worldwide regulatory submissions. Tax Examiner – Tax examiner check identifies taxes owed and tax returns, collects overdue tax payments and conducts audits. Management Accountant - A management accountant analysing and gathers trends within an organisation's finances. Business Development Officer - The business development officer's role is to analyse present and past financial data and provide strategies to increase revenue and cut costs. Mutual Funds Manager - Mutual funds manager's role is to oversee mutual funds or pensions, conduct research, and make vital investment decisions. Market Researcher – They study and collect information about sales trends, products, customers, and services to develop coming marketing plans. Chief Finance Officer - Chief finance officers are responsible for the company's financial, risk management and administrative operations. Finance Controller - The finance controller overlooks all accounting operations, including payroll, A/P, GL, A/R and counsel, cost accounting, billing, inventory accounting, and revenue recognition. Finance Director – The job of the finance director includes implementing and developing financial policies and procedures and financial controls. A PhD in Commerce degree can lead you towards multiple advantages. Aside from the handsome salary and excellent career opportunities, the degree can raise the opportunities for working and studying overseas. If you intend to pursue a PhD in Commerce but feel hesitant about how to go about the whole process, consult your dream college or university experts and take a step towards building a vibrant career option in research.