About M.Phil. Commerce course:
Master of Philosophy in Commerce equips the students to aspire for methodological competencies and higher disciplinary in research. The course offers the requisite skills, knowledge and abilities for interpreting, designing, planning, engaging and research data for consultancy and problem solving and for corporate, academicians, researchers and practitioners.
The objective of the Master of Philosophy in Commerce is to facilitate the acquisition of specialized knowledge in the area of General Management, HRM, finance & account, Marketing, Banking & Insurance, Entrepreneurship by inculcating the related values and attitudes needed for undertaking high quality research in business.
M.Phil. (Master of Philosophy) in Commerce course is designed for those students who as a postgraduate interested in doing own independent research, but for a Doctor of Philosophy (PhD) course project isn’t extensive enough or interested to study a shorter course.
The average course fees for Masters in Commerce (M.Phil.) Courses range between INR INR 5,000 to 1,00,000.
Masters in Commerce (M.Phil.) Course Admission Process:
Masters in Commerce (M.Phil.) Quick facts
Highlights for Masters in Commerce (M.Phil.) program are provided in the table given below:
| Course Level |
Masters |
| Full form |
Masters in Commerce (M.Phil.) |
| Duration |
2 years |
| Examination type |
Semester |
| Eligibility |
Students must have completed post-Graduation and holding a Master’s degree in Commerce with minimum 55% aggregate marks and 50% marks for reserved category students (SC/ST/OBC) from a recognized board are eligible. |
| Age Limit |
No age limit |
| Course fee |
INR 5,000 to 1,00,000 |
| Average Salary |
INR 5.0-8.0 LPA |
| Job Positions |
Data Scientist, Marketing manager ,Financial Manager, Lecturer |
Masters in Commerce (M.Phil.) Eligibility & Entrance exam
Eligibility Criteria for M.Phil. Commerce course:
The admissions and eligibility conditions to pursue Master of Philosophy in Commerce course vary from one college to another.
Students must have completed post-Graduation and holding a Master’s degree in Commerce with minimum 55% aggregate marks and 50% marks for reserved category students (SC/ST/OBC) from a recognised board are eligible.
To pursue Master of Philosophy in Commerce course age is not at all a barrier.
The above given information is general, students must check the eligibility conditions of the B-schools in which they are applying.
Entrance exam for M.Phil. Commerce course:
Admission process of every college is different from one another. For exact information candidates must visit the college's official websites, in which they want to take admission. The admission process done through online and offline modes.
Few colleges and universities provide admission on entrance tests basis, which is held at national level, or state level such as JNUEE, UGC NET, DUET, GATE etc.
The mode of an entrance exam is either online or offline depends on the conducting body.
All the questions will be of objective in nature (MCQ) and of total 200 marks.
The duration of an entrance exam is approximately 2 hours.
The entrance exam comprises 50% questions on research methodology /aptitude and 50% questions are subject-specific from the following topics:
Marketing
Finance
Organizational Behaviour and Development
Accounting
International Business
There will be reduction of no marks for unmarked questions.
4 marks will be awarded for every correct answer, 1 mark will be reduced for every incorrect answer.
|
Entrance exam
|
Conducting body
|
Exam type
|
|
UGC-NET
|
National Testing Agency (NTA)
|
Online
|
|
JNUEE
|
National Testing Agency (NTA)
|
Online
|
|
DUET
|
National Testing Agency (NTA)
|
Online
|
|
GATE
|
Indian Institute of Science & 7 IIT’s (Roorkee, Madras, Delhi, Guwahati, Kanpur, Kharagpur, Bombay)
|
Online
|
While few colleges and universities provide admission into Master of Philosophy in Commerce course on merit basis. But for that students need to follow the following steps. Admission can be done either online or offline.
Candidates must visit the official website for college in which they want to apply for admission purposes.
Students have to fill the online application form
Incomplete or wrong information will be rejected.
Students can make payment of fee through credit/Debit cards.
The students can also make payments through a bank e-challan.
After successful filling the application form students will receive an email.
The final selection will be done, once the application is received and students are invited for documentation verification round and interview.
Candidates are shortlisted on the basis of documentation, academic performance and interview; college will decide to allot a seat or not to candidate.
Masters in Commerce (M.Phil.) Duration & Fees
M.Phil. Commerce course duration:
The duration required to complete Master of Philosophy in Commerce course is two years which is further divided into four semesters.
Course structure and curriculum of Master of Philosophy in Commerce are Financial and Cost Accounting, Research Methodology, Financial and Computer Application Management, Seminars, Internal Assessment, Written test in each theory paper, Practical examination and viva voce, Sessional Marks, Workshop on Research Paper Writing, Dissertation, Workshop on Research Project Writing, Workshop on Data Analysis, Qualitative Research, Workshop on Case Development and Analysis and many more.
M.Phil. Commerce course fees:
The fees required to pursue Master of Philosophy in Commerce course vary from one university to another depends on infrastructure, qualified professors, facilities etc. Management and government sometimes decide quotas on fee structure.
The average course fees to pursue Master of Philosophy in Commerce course is around INR 5,000-1,00,000 lacs depending on the college/university in which you are taking admission.
Masters in Commerce (M.Phil.) Jobs,Scope,Salary after course
Scope of M.Phil. Commerce course:
After completion of Master of Philosophy in Commerce course, there are wide range of job opportunities available in areas such as Research and Development Institutes, Educational Institutes, Consultancy, Human Services Industry, Magazines, Law Firms, Newspapers, Publishing House, etc.
They are assigned to job roles of Speaker, Marketing manager, Lecturer, Financial Manager, Consultant, Assistant Professor, Human Services Worker, Scientist, Research Assistant, Social Service Workers and many more.
The average salary offered to fresher after completing Master of Philosophy in Commerce course is INR 5.0-8.0 LPA.
|
Job type
|
Job description
|
Approximate salary per year
|
|
Data Scientist
|
The duty of Data Scientist is to develop automated systems, programming skills which enhance business operations of companies.
Responsible for creating new studies, collecting raw data, analysing results under law or regulation.
|
6,00,000 lacs
|
|
Marketing manager
|
The responsibility of Marketing manager is to create business strategy with business development managers, public relations managers, art directors, product team whether traditional or digital. A marketing manager also responsible for organizing marketing campaigns across globe based on demographics, region, gender, social behaviour, income for advertising campaigns and digital marketing.
|
7,50,000 lacs
|
|
Financial Manager
|
The duty of Finance Manager is to distribute financial resources of a company, supports executive management responsible for the budget planning, provide financial advice results in best business decisions needed for the company.
|
7,00,000 lacs
|
|
Lecturer
|
The duty of Lecturer is to maintain class records, reporting department head and assesses student coursework.
Collaborating with staff related to curricular activities and research interests.
Duties also involved grading student essays and tests, answering student queries, tracking student progress.
|
5,00,000 lacs
|
Masters in Commerce (M.Phil.) Top colleges offering course
Top Colleges for M.Phil. Commerce course:
The Master of Philosophy in Commerce course requires few skills such as Negotiation skills, Business Awareness, Commercial Awareness, Sound Technical and Numeracy skills, Presentation and Communication skills, Problem-Solving skills, etc.
After completion of Master of Philosophy in Commerce course post-graduates can go for further studies such as MBA, PhD. At the time of admission students are required to bring following documents to ensure candidates academic performance.
Mark sheets of the class 10, class 10+2 examinations.
Graduation level certificates and Mark sheets.
Post-Graduation level certificates and Mark sheets.
Date of Birth proof (Certificate issued at time of birth).
Aadhaar Card
Caste certificate (if required) and Domicile Certificate
Two passport size photograph photos.
For the exact information candidates must visit the official website of colleges.
|
Name of college
|
Location
|
Approx. fees per year
|
|
DKM College for Women
|
Vellore
|
9500
|
|
AVC College
|
Tamil Nadu
|
6500
|
|
Gondwana University
|
Maharashtra
|
14,000
|
|
Christ University
|
Bangalore, Karnataka
|
35,000
|
|
Berhampur University
|
Berhampur, Orissa
|
12,000
|
Ponnaiyah Ramajayam Institute of Science and Technology
VELS University Vels Institute of Science, Technology and Advance Studies
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Dr. C. V. Raman University
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