PhD in Commerce: Requirements, Salary, and More

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PhD in Commerce: Colleges, Requirements, and More

Diving into the intricate technicalities of the fields of Commerce and Business, Management and Finance, Actuarial Science and Taxation, and everything in between, a PhD in Commerce is one of the highest academic qualifications. The duration of a PhD in Commerce is 3 years and the basic eligibility is a master’s degree in a closely related discipline and some university might also ask for scores of certain entrance exams like UGC-NET. The major universities and colleges for PhD in Commerce in India include the University of Delhi, IGNOU, Jamia Milia Islamia, etc. while you can explore top universities abroad as well. Read this blog to know all about a doctorate in Commerce, its eligibility, specialisations and topics, subjects, top universities, salary, jobs and more.

DegreeDoctorate Level
Duration3 years
Basic EligibilityA master’s degree
Entrance ExamUGC-NET, SLET, GATE, GRE, etc.
Average Fees
(India & Abroad)
INR 20,000 to upto 50 Lakhs
Salary₹979,592 (Payscale)
JobsBusiness Analyst
Operations and Research Analyst
Chief Financial Officer
Technical Writing

About PhD in Commerce

Counted amongst the popular courses for commerce students, as a candidate for PhD in Commerce, you can choose a subfield including, but not limited to Accounting, Marketing, Taxation, Human Resources, Strategy, IT Management, Consulting, and Finance. Furthermore, since these commerce subjects are quite vast in themselves, you are required to pick a deep-lying and relevant topic of research that accentuates their strong points. While the duration of a PhD varies according to the country of an institution, most have an average length of 3-8 years. Important components in this respect include:

  • Research Projects
  • Relevant Coursework
  • Teaching Practicum
  • Examinations
  • Fieldwork
  • Surveys, which together contribute towards the preparation of a long and comprehensive dissertation.

Must Read: PhD After MCA

PhD in Commerce Specializations

While the topics chosen by a PhD in Commerce student may differ as per his inclinations, here are a few broad topics/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

PhD in Commerce Colleges in India

PhD in Commerce is a popular course in India and is offered by many top colleges and universities such as the University of Delhi, IGNOU, Rama University, and more. Let’s first take a look at the popular universities and colleges for PhD in Commerce in India:

  • University of Delhi
  • Indira Gandhi University of Open Learning (IGNOU)
  • Delhi School of Economics
  • Amity University, Jaipur
  • SRM University, Delhi
  • Gujarat University, Ahmedabad
  • St.Xavier’s College, Kolkata
  • Loyola College
  • Christ University, Bangalore

PhD in Commerce Abroad

Owing to widespread interest in commerce and its related subfields of accounting, management, business, marketing, etc the specializations or tracks, if offered, may vary drastically. Here we list down a few of the top universities offering a PhD in Commerce apart from the seven Ivy League institutions, the University of Cambridge and the University of Oxford, which have been recurrently recognised for their quality of education, expert faculty, bright career prospects and more.

Top Universities for PhD in Commerce Abroad

Here are the top universities for PhD in Commerce abroad:

UniversityLocationPhD in Commerce Courses
University of California, San DiegoUSAPhD in Management
The University of MelbourneAustraliaPhD in Accounting
PhD in Actuarial Studies
PhD in Management
PhD in Marketing
The University of British ColumbiaCanadaPhD in Business Administration in Accounting
PhD in Business Administration in Finance
PhD in Business Administration in Management Information Systems
The University of Hong KongHong KongPhD {Faculty of Business & Economics}
King’s College LondonUKPhD Management Research
Georgia Institute of TechnologyUSAPhD in Management
University of ManchesterUKPhD in Business & Management
PhD in Developmental Policy & Management
PhD Fashion Marketing & Management
Erasmus University RotterdamNetherlandsPhD in Management
University of New South WalesAustraliaPhD in Management
PhD in Accounting
PhD in Banking & Finance
PhD in Marketing
PhD in Risk & Actuarial Studies
PhD in Taxation & Business Law

PhD in Commerce Abroad Requirements

Here are the major requirements for PhD in Commerce in India:

  • The student must have completed a master’s degree in Commerce or an MPhil with a minimum of 55% marks from a recognised university.
  • Many universities in India also require applicants to qualify for the UGC-NET exam for admission into a PhD in the specialisation of Commerce.
  • Work experience of 2-4 years is also preferred thought not mandatory.

In order to study abroad in a PhD in Commerce program, one is required to follow a few steps.

  • If the university requires, you may have to get in touch with the prospective supervisor or professor beforehand whom you intend to work with.
  • In addition to that, preparing a strong research proposal that underlines your future research inclinations is also important.
  • Official GRE or GMAT and IELTS or TOEFL scores along with copies of official transcripts, CV, SOP, and LOR may also be required.
  • If you are planning to pursue a dual degree, then you can read our blog on Integrated Ph.D. to know more.

PhD in Commerce Career and Salary

From Academia to Private companies, the employment opportunities after obtaining a PhD in Commerce largely depends on the specialisation you choose. Some of the popular work areas and profiles have been given a rundown below:

Areas of Employment

  • Commercial Banks
  • Insurance Companies
  • Financial Institutions like SIDBI, EXIM Banks, etc.
  • Brokerage Firms
  • Stock Exchanges
  • Regulatory Bodies
  • Insurance Corporations
  • FMCGs
  • International Organisations like World Bank, IMF, Asian Development Bank, etc.

Jobs Roles

  • Business Analyst
  • Lecturer/Professor/Academician
  • Operations and Research Analyst
  • Chief Financial Officer
  • Technical Writing
  • Big Data Analyst
  • Investment Banker
  • Portfolio Management Specialist
  • Financial Analyst
  • Statistician
  • Risk Analyst
  • Equity Research Analyst


The average salary of a PhD in Commerce graduate is ₹979,592, i.e. around 9.8 Lakhs approx. per annum in India. While the average stipend for PhD abroad is INR 35-45 Lakh per annum.

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PhD in Singapore for Indian StudentsCSIR NET Syllabus
Find the best PhD in Europe to studyPhD Scholarships in India


Can we do PhD in commerce?

Yes, you can do a PhD in commerce which is a 3-8 years long course. It gives you a deeper knowledge of commerce and accounting.

What are the subjects for PhD in commerce?

You can select any specialization offered by the university/organization. Some of the popular ones are as follows:

Project Management
Business Administration
Management, Organization & Leadership
Public Administration

Can I do PhD after MCOM?

Yes, you can do PhD in Commerce after MCom, provided your academic qualifications match the criteria set by the university you plan to join.

Is UGC NET compulsory for PhD?

Yes, if you want to pursue a PhD course in India, then UGC NET is mandatory. However, no such requirement is there if you want to pursue this course from abroad.

If you intend to pursue a PhD in Commerce but feel hesitant as to how to go about the whole process, consult our team of experts. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad

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    1. Hello Rohit,
      We are delighted to know that you are considering to pursue your PhD in one of the best studyabroad destinations for international students, Canada! We would first like to wish you all the best for your future success and plans. Coming onto the question that you have asked, we feel that it could be best handled and answered by our experts and student counsellors at Leverage Edu. You just have to call on 1800572000 and they will guide you hunt the best universities in Canada which is ideal for PhD in commerce, so that you can kickstart your study abroad journey in no time!

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    1. Hi Umesh,

      If you wish to do a PhD in Commerce from abroad, you can connect to our experts at 1800-572-000 who will guide you.