Unlocking Opportunities with a PhD in Finance

1. Unlocking Opportunities with a PhD in Finance A PhD in Finance is not just about getting a degree but about entering the world of financial expertise. Whether to understand the underlying trends of the financial markets, develop corporate financial management solutions, or create configurable economic theories, this degree provides the essential tools for introducing new concepts into finance and changing the world for the better. Starting this revolutionised journey not only gives you exposure to learn about finance, but possibly to reinvent it. What is a PhD in Finance? A PhD in Finance program is an academic and research postgraduate degree program that helps students and scholars build up their careers in the field of finance and economic studies. The course is a branch of Phd in Economics. For one to qualify for this course, he or she should be analytical, logical, and have good managerial skills and leadership qualities. The financial field covers areas like Accounting, Business Finance, Corporate Finance, Economics and other Business-related disciplines. Still, under this program, students explore such areas as statistics, investment, economy, and corporate finance theory to learn the financial markets and products extensively. This course is especially useful for learners who plan to work in research-based or academic fields. Most institutions demand that the candidate has a Master of Business Administration as a prerequisite for entrance, but most universities provide entry directly after the completion of a bachelor's degree. Why Should You Choose PhD in Finance? In general, of course, you can gain multiple opportunities for further careers after completing a PhD in Finance, and you will be promised a bright and successful future. In my opinion, bright people who desire to start as a lecturer or even a research fellow in a B-school in future need this degree. Some of the main reasons as to why one should choose to pursue a PhD in Finance are as follows : High Salary – The standard pay of an individual who possesses PhD in Finance is between INR 4 LPA- and INR 8 LPA. Their salaries rise by experience; as stated by PayScale, a PhD in Finance graduate earns an average of INR 12,50,000 PA. Besides the above, the aspirants are provided with facilities like DA, provident funds, travel expenses, and medical insurance.

2. Career Paths - The students are allowed to have academic or industrial employment after the completion of the course. Rather, both career options are equally prosperous. In their academic career, they have the opportunity to continue the career option of a professor, a lecturer or even an associate professor. In the industrial sector, they can also build a career as a market research analyst, investment banker and so on. Job Security - Most of the PhD Finance graduates find themselves teaching in universities that offer tenures and job security. To the extent of industrial jobs, they are mostly employed at the top management level, mostly as consultants, and are perceived to be more loyal and less likely to turnover. Financial Management as a Project – Through the course, the student will come to know about some of the important topics, starting from Finance. Techniques of learning related to the total management of money in trading and banking form a component of the courses. Finance Awareness - This is because those who do a PhD in Finance or Economics have a very clear vision of today’s world financial challenges and play a part in correcting the defects. PhD in Finance Eligibility The PhD in Finance candidates will have to fulfil the following eligibility criteria: The students must complete his/her post graduation in subjects such as Accountancy, Economics or Mathematics from a recognized University. The MBA Finance Stream candidates are also allowed to apply for the PhD in Finance Course. Candidates must have passed the post-graduation with a minimum of 55% of marks for this course. In the case of SC/ ST/ OBC/ PwD candidates, a 5% mark relaxation is offered. There is no upper age limit for application to the PhD course. Career Options After PhD in Finance Professor Economist Lecturer Researcher Equity Research Analyst Management consultant Entrepreneurship How Can One Have a Chance to Get Enrolled in a Good College?

3. Getting admission to a very good college is not an easy task, and students have to plan to be selected for admission to the right college. Therefore, here is a short list of some things that you should never forget if you dream about getting to a good college – They require you to have a relatively decent mark in their postgraduate degree. At least a passing mark of 55% is expected in the attainment of the course objectives. If your college does conduct an interview round, then you must be prepared for it. Sit for an interview round and be aware of the questions asked A good score in the entrance exams increases your chances of getting a good college Syllabus for PhD Finance The syllabus in Economics Doctorate of Philosophy (PhD) on Macro, Micro, econometrics, health, etc, is quite broad, but the syllabus in finance is narrow and more on business, finance, statistics and marketing. PhD in Finance syllabus deals with the following topics: 1.Business Environment 2.Financial and Management Accounting 3.Business Economics 4.Business Statistics and Data Processing 5.Business Management 6.Marketing Management 7.Financial Management 8.Human Resource Management 9.Banking and Financial Institutions Conclusion Earning a PhD in Finance is not only about having an academic credential but also an opportunity to start your career as a theorist in the sphere of finance. This program combines research, formal academic knowledge, and experience to prepare you for the tasks of designing financial policies, addressing problems in the world economy, and creating new business areas. Whatever your goal is: preparing the pedagogy for leaders of the future, exploring new avenues of financial research, or succeeding in top-manager positions, a PhD in Finance opens the door to a lot of great opportunities with a strong impact factor.