While pursuing your subject on the undergraduate and postgraduate level, have you ever thought about pushing the academic boundaries in your chosen field of specialization and getting yourself enrolled in a PhD program? So, if you are from an accounting and finance background and look forward to making your name in the field of research or striving to become an academician, then, a PhD in Accounting would be a perfect course for you. Through this blog, we’ll help you understand the scope of PhD courses.
|Course type||Doctorate Degree|
|Course Duration||3 years|
|Course Examination Type||Semester System|
|Course Eligibility||Post-Graduation with relevant subjects (M.Com or M.Phil.) requiring a minimum of 55% marks along with Qualifying the National and State level Exams such as NET/ SET/ PET, etc.|
|Course Admission process||Either Merit-based or Entrance test.|
|Course Fee||INR 15,000-1,50,000|
|Course Average Salary||INR 7-14 LPA|
This Blog Includes:
PhD in Accounting: Overview
Being a research-oriented course that involves robust training and critical judgement of knowledge, PhD in Accounting begins with advanced and specialised courses that emphasise dissertation research. With a focus on Economics, Business, Finance, Accounts, Statistical, and research, a doctoral degree in Accounting would conclude with the submission of a thesis and research work developed over the course of 3 to 6 years. As the subject has a wide varied curriculum, some of the courses on a foundational level include Mathematical Modelling, Research Methods, Econometrics, Capital Market Research, Decision Models, etc. In this program, students learn the employment of quantitative techniques and research methods in understanding and contributing to the field of Accounting. After completing your preparation classes in subjects like Mathematics, Economics and Capital Markets Research, you can work in Taxation, Auditing, Financial Accounting, etc.
Why Study PhD in Accounting?
There are many good reasons to pursue a PhD in accounting. Good research on accounting, finance, and commerce is required in India. The following benefits influence the student’s decision to enrol in this course:
- It opens up a wide range of employment opportunities in the educational, financial, share market, and commercial sectors.
- Updating their knowledge and skills and opening up better career opportunities gives the student an advantage over other Commerce graduates.
- Students become proficient in accounting and other business subjects, discover connections between them and use them in practical settings.
- With the world going online and good research being more important than ever in the wake of the pandemic, candidates with strong PhD theses will be in high demand. They can also write a book about their research or publish it in a prestigious magazine, and they might even be awarded grants to continue their research.
To enter into the rigorous curriculum of a PhD in Accounting, you will be required to fulfil certain eligibility requirements as per the university that you are seeking admission to. Some of these generalised eligibility conditions are:
- If you are planning for an Integrated PhD program you are required to have completed your bachelor’s degree in a relevant field from a recognised institution.
- In the case of a general PhD in Accounting, students should have a master’s degree like MCom/MPhil in Accountancy/Finance from an accredited university.
- GRE score
- English Language Proficiency Tests – IELTS, TOEFL or PTE.
- Some universities require you to have minimum work experience in the related field.
Admissions to PhD programmes in accounting are granted by colleges and universities either on the basis of applicants’ performance in the relevant qualifying entrance test or on the basis of merit. Colleges and universities publish merit lists.
Some colleges and universities conduct counselling following the entrance exam, during which GD and PI are conducted to evaluate the candidates’ thesis proposals and abstracts. NET is the most widely used entrance exam used to admit students to PhD programmes in accounting.
|Semester I||Semester II|
|Fundamentals of Accountancy, Accountancy in Global Trade and Finance.||Advanced Financial Accountancy, Advanced Cost Accountancy.|
|Semester III||Semester IV|
|Advanced Auditing, Direct and Indirect Taxes.||Research Methodology|
|Semester V||Semester VI|
|Dissertation/ Thesis||Seminar and Project|
Top Universities to Pursue a PhD in Accounting
A doctoral course requires intensive research and hard work to delve deeper into the subject of interest in order to find out the desired results. So, it is beneficial if one gets enrolled in one of the top universities around the world where there are the world’s best facilities in terms of research material, labs, and faculty. So, a few of the popular universities renowned for PhD in Accounting are:
- The University of Melbourne
- Australian National University
- The University of Manchester
- The University of Queensland
- University of Bristol
- University of New South Wales
- University of Glasgow
- Lancaster University
- University of Sussex
- University of Birmingham
|College Name||Average Fees(INR)|
|Rajiv Gandhi Institute of Petroleum Technology – [RGIPT] , Rae Bareli, Uttar Pradesh||10,000 INR|
|NMIMS University, School of Business Management – [SBM], Mumbai, Maharashtra||40,000 INR|
|BML Munjal University, School of Management, Gurgaon, Haryana||60,000 INR|
|Gautam Buddha University, Uttar Pradesh||40,000 INR|
|Hemchandracharya North Gujarat University (HNGU), Gujarat||1,00,000 INR|
|BPHE Society’s Ahmednagar College, Gujarat||60,000 INR|
|Times Business School (TBS), Ahmedabad||1,20,000 INR|
|Bengaluru School of Management Studies (BSMS), Bengaluru||1,50,000 INR|
|Vinayaka Missions University (VMU), Tamil Nadu||1,40,000 INR|
Must Read: Accounting Concepts
Jobs and Salary
With a plethora of opportunities after a PhD in Accounting, you can look for jobs in both the government as well as the private sector in the domain of Accountancy. Some of the most sought-after profiles with a PhD in Accountancy, along with their average salaries are given below:
|Job Profile||Average Annual Salary(INR)|
|Investment Banker||9-11 LPA|
|Research Associate||Depends on the project|
|Money Manager||12-16 LPA|
|Operations Manager||7-9 LPA|
|Business Analyst||8.5-11 LPA|
|Risk Analyst||5-7 LPA|
|Associate Professor||7.2-12 LPA|
|Corporate Analyst||8.5-11 LPA|
A three-year doctorate programme in accounting (commerce), the PhD in accounting covers topics like cost and financial accounting. In M.Com, the total percentage of candidates should be at least 55%.
The programme focuses on using decision theory, statistical analysis, and economics to address accounting-related problems. Students prepare to develop the framework and abilities required to conduct their original research through a foundational series of economics, finance, and econometrics courses.
The humanities, social sciences, and education are typically regarded as the most accessible academic fields.
Hopefully, we would have provided you with ample information on PhD in Accounting. With a doctoral degree, you would be able to earn your way to top-notch firms around the world and give your career a boost. So, if you need help in identifying which universities to aim for, then, get in touch with our experts at Leverage Edu.