PhD in Finance: Course Fees, Admission 2025, Syllabus, Top Colleges, Career Scope

Updated on May 19, 2025 12:19 IST

PhD in Finance is a doctorate course that can be completed in three to six years. This course focuses on advanced studies and research in the field of Finance. Students must make sure to have completed a PG degree in Finance or related subjects. Entrance exams that are accepted are UGC NET, GATE, CAT, CSIR NET, etc.

After completing PhD, students can get jobs as Professors, Tax Consultants, Chief Financial Advisors, etc, and earn a salary of around INR 3 LPA - INR 8 LPA.

PhD in Finance Course Details

A PhD in Finance is a research-oriented course that prepares students for academic careers and for positions in research institutes, government agencies and industry. 

The highlights table gives quick information about the course types, duration, course fees and entrance exams for pursuing the course -

Particulars

Details

Course Name

Doctor of Philosophy in Finance

Course level

Doctorate

 Eligibility

Through Fellowship: Master's in a relevant discipline with at least 55% marks

Research Entrance Test: PG degree with at least 55% marks

Duration

3 years and a maximum of up to 6 years

Course Fee

Rs. 15 K - INR 6 L

Top Colleges IIM Visakhapatnam, IIT Madras, Amity University, Noida, VIT Business School Vellore

Average Salary

Rs. 3 LPA - INR 8 LPA

Top Recruiters

Government Departments, Research Institutes, Academic Institutions, Colleges, and Universities

Entrance Exams

UGC NET, GATE, CAT, CSIR NET, etc

Job Positions

Assistant Professor, Associate Professor, Tax Consultant, Chief Financial Officer, Research Advisor, Research Consultant, etc.

Note - This info is taken from various sources and can vary.

Useful Links related to PhD in Finance:

PhD Admission Details

Professional Courses in Finance

 

Q:   What is the duration of PhD in Finance?
Q:   Is pursuing a PhD degree stressful?
Q:   Is it profitable to do Ph.D in Finance in India?
Q:   What is a Ph.D. in Finance course?
Q:   Why to study a PhD in Finance course?
Q:   What is Ph.D in Finance all about?
Table of content
  • PhD in Finance Eligibility Criteria and Admission 2025
  • PhD in Finance Entrance Exams 2025
  • PhD in Finance Syllabus
  • Best Colleges for PhD in Finance
  • Popular Private Ph.D. in Finance Colleges in India
  • PhD in Finance Career Scope: Job Profiles, Salary and Top Recruiters
  • PhD in Finance FAQs
  • Popular Ph.D. in Finance Specializations
  • Course Cutoffs
View More

PhD in Finance Eligibility Criteria and Admission 2025

Students can pursue a PhD course in Finance only if they have completed their PG degree in a similar course/ field in which they want to pursue a PhD.

Given below is the minimum eligibility criteria for a PhD in Finance -

  • Get at least 55% - 60% marks in a PG program in finance or equivalent
  • Some colleges conduct written tests or accept national-level entrance exam scores.

Note - This info is taken from the official website and can vary.

 

PhD in Finance Admission 2025

Here is the general guide for Admission to PhD in Finance Course -
  • Step-1 Choose the program
  • Step-2 Prepare Required Documents
  • Step-3 Fill out the Application Form and Pay the Fees
  • Step-4 Entrance Exams
  • Step-5 Submit Application
  • Step-6 Interview 
  • Step-7 Await Admission Decision
  • Step-8 Confirm Enrollment
  • Step-9 Prepare for the Start of Classes
  • Step-10 Start Classes
Note - This info is taken from the official website and can vary.

Relevant Links of PhD in Finance:

Scope of BBA in Finance

All About Business Finance

Difference between Private Finance and Public Finance

 

Q:   What is the eligibility for Ph.D in Finance?
Q:   What are the minimum eligibility criteria for admission to Ph.D in Finance?
Q:   Can I do PhD after an MBA?
Q:   Is work experience required to pursue Ph.D in Finance?
Q:   What is the duration of Ph.D in Finance?
Q:   What is the process to get admission for Ph.D. in Finance?
Q:   What is the age limit to pursue Ph.D in Finance?
Q:   What is the age limit for PhD in Management?

PhD in Finance Entrance Exams 2025

Some of the common entrance exams or requirements for admission to PhD in Finance may include -

PhD in Finance Entrance Exams Exam Schedule
UGC NET UGC NET Exam Date 2025
GATE GATE Exam Date 2026
CAT  CAT  Exam Date 2025
CSIR NET CSIR NET Exam Date 2025
ICMR JRF 
ICMR JRF Exam Date 2025

Note - This info is taken from the official website and can vary.

Suggested PhD in Finance readings:

Top PhD Entrance Exams

List of Finance Entrance Exams in India

Important Exam Dates

DatesUpcoming Exam Dates
27 Sep ' 25 - 26 Oct ' 25

TIFR GS 2026 Application Process

ONGOING
12 Oct ' 25

TIFR GS 2026 Application deadline for Fee Waiver Requests

19 Oct ' 25

TIFR GS 2026 Application deadline for choice of test center

26 Oct ' 25

TIFR GS 2026 Application deadline for completing REGISTRATION

14 Dec ' 25

TIFR GS 2026 Exam

Jan ' 26

ICAR JRF SRF 2025 Counselling: Online Registration, Fee,

TENTATIVE
Jan ' 26

TIFR GS Final Answer

TENTATIVE
DatesPast Exam Dates
13 Aug ' 25

ICAR AICE JRF SRF 2025 Final Answer Key

Jul ' 25

JEST 2025 Provisional Answer Key

Jul ' 25

JEST 2025 Answer Key Objection

Q:   Is there any entrance exam for Ph.D in Finance?
Q:   When will the GATE 2026 registration start?

PhD in Finance Syllabus

The PhD in Finance coursework is usually spread across six semesters. While the specific PhD in Finance syllabus can differ on the basis of the college and the focus of the program, here is a generalized overview of topics commonly covered -

PhD in Finance Subjects - Semester 1
Quantitative Methods in Finance  Financial Decision Making
PhD in Finance Syllabus - Sem 2
Economics Microeconomic Theory
Ph D in Finance Subjects - Semester 3
Mathematical Economics Theory of Quantitative Methods in Economics
Ph D in Finance Syllabus - Semester 4
Econometrics Empirical Methods in Finance
Ph.D. in Finance Subjects - Semester 5
Fixed Income Advanced Applied Analysis
Ph.D. in Finance Syllabus - Semester 6
Taxation Accounting Theory

 

Q:   What is the curriculum for Ph.D. in Finance?
Q:   Is it hard to get a Ph.D in Finance?
Q:   Can I finish my PhD in four years?
Q:   How can I get a fellowship for PhD?
Q:   Which course is better among MBA and PhD?

Best Colleges for PhD in Finance

These colleges are known for their strong faculty, research facilities and exposure in the field of Finance. Here are some of the top colleges in India known for offering PhD in Finance.

PhD in Finance Government Colleges

Some of the popular government colleges for PhD in Finance are as follows -

PhD Finance Government Colleges Total Fees
IIM Kashipur NA
IIM Udaipur NA
IIM Visakhapatnam NA
IIM, Bangalore NA
IIM, Rohtak NA
IIT Madras INR 15,000
IIM Sirmaur INR 6 Lakh

Note - This info is taken from the official website and can vary.

PhD in Finance Private Colleges

Some of the popular private colleges for pursuing PhD in Finance are as follows -

PhD Finance Private Colleges Total Fees 

Amity University, Noida

INR 3 Lakh - 3.02 Lakh

Chitkara Business School

INR 4.2 Lakh

GITAM School of Business, Visakhapatnam

INR 90,000

Sanskriti University

INR 2 Lakh - 2.85 Lakh

Shoolini University

INR 4.2 Lakh

SOM, BML Munjal University

INR 66,500

Symbiosis University of Applied Sciences

INR 1.8 Lakh

Thiagarajar School of Management

INR 90,000

VIT Business School, Vellore

INR 1 Lakh

Woxsen University

INR 50,000 - 4 Lakh

Note - This info is taken from the official website and can vary.

PhD in Finance links you may be interested in:

List of Top 10 MBA Finance Colleges

PhD Colleges in Delhi/NCR

PhD Colleges in Kolkata

PhD Colleges in Hyderabad

PhD Colleges in Mumbai

12 Courses
1.32 L - 33 L
20 - 34.41 LPA
12.05 L
4.1
75 K - 6.35 L
4.0
Ranked #3 Private University in India. Placement with Fortune 500 Companies
5.15 L - 10.75 L
4.5

Business & Management Studies Applications open till Oct 15, 2025. Apply Now

3 Courses
6.93 L - 24.2 L
26.04 LPA

Business & Management Studies Applications open till Nov 20, 2025. Apply Now

22 Courses
2.4 L - 26.5 L
32.61 - 33.1 LPA
Q:   What is the Ph.D. admission process at Delhi University?
Q:   Do only government universities offer Ph.D in Finance?
Q:   Which IIMs offer Ph.D in Finance?
Q:   Which are the top colleges in India that provide Ph.D in Finance?
Q:   Which are the top colleges for phd finance in india?

Popular Private Ph.D. in Finance Colleges in India

5 Courses
90 K - 8.45 L
4.1
2.1 L - 14.5 L
60 K - 3.6 L
15 LPA

Business & Management Studies Applications open. Apply Now

39 K - 8.38 L
3.75 - 7.5 LPA
26 Courses
1.05 L - 2.7 L
3.12 - 4.2 LPA
Best University of Year-North', by ASSOCHAM. Centres of Excellence-BOSCH,CISCO,Google,SAP
4 Courses
1.5 L - 3.9 L

PhD in Finance Career Scope: Job Profiles, Salary and Top Recruiters

Getting a PhD Finance can land you many job options in India in academia, research, industry and government sectors. Students just need to stay updated with the latest developments in Finance and build their skills. 

PhD in Finance Salary in India

The salary for students with a Ph.D in Finance in India can differ on the basis of factors like their specific role, industry, level of experience, location and the company they work for. 

Some of the PhD in Finance Salary along with their job roles are listed below -

PhD in Finance Job Roles

Average Salary 

Stockbroker

INR 2.2 LPA - INR 5.7 LPA

Statistician

INR 3.8 LPA - INR 17.5 LPA

CFA Manager

INR 3.3 LPA - INR 17.1 LPA

Finance Consultant

INR 3.1 LPA - INR 18 LPA

Tax Consultant

INR 2.4 LPA - INR 11.1 LPA

Note - The average salary has been taken from Ambitionbox.com.

Relevant Links for PhD in Finance:

MBA After Class 12 from IIMs

Popular Integrated MBA Programmes in India

Is an MBA an Art or Science?

Popular Finance Courses in India

PhD in Finance Top Recruiters

Some of the PhD in Finance Top Recruiters  in India are listed below -

PhD in Finance Top Recruiters
RBI SEBI
NSE Bombay Stock Exchange
SBI ICICI Bank
HDFC Bank Axis Bank

Students also liked this PhD in Finance links: 

What Should Be the ROI of Your Dream MBA Programme?

What are the Functions of an Entrepreneur?

Career after PhD

 

Q:   What are the career options after PhD in Finance?
Q:   What is the expected salary of a Ph.D in Finance after an MBA?
Q:   Can I do Ph.D in Finance after my MBA?

PhD in Finance FAQs

Here are some Important FAQs related to Ph.D. in Finance.

Q:   What is the duration of PhD?
Q:   Need guidance for Ph.D. in Finance and Accounts.
Q:   Which is more useful to pursue among Ph.D in Finance and an MBA in Finance?
Q:   Can I do PhD after an MBA?
Q:   Can someone provide detailed information about PhD in finance?
Q:   Why should I choose take admission into a Finance related course?
Q:   What is exactly done in a PhD?
Q:   What is a PhD course?

Popular Ph.D. in Finance Specializations

Following are the most popular Ph.D. in Finance Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Course Cutoffs

The cutoffs of popular Ph.D. in Finance colleges is given below:
qna

Student Forum

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Answered 3 weeks ago

Yes, you should definitely pursue MBA in Finance from Chandigarh University. The most interesting part of this course is that 30–40% of the classes are taught by PwC partners. This makes students get practical knowledge, not just theory. The course also allows dual specialisation like investment ban

...Read more

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Preekshit Singh

Beginner-Level 5

Answered 4 weeks ago

Absolutely! MBA in Finance is open to graduates from all the streams including engineering, arts, science, etc. You might need to brush up on basics of accounting, finance, and statistics before joining but your analytical and problem-solving skills from other backgrounds can actually be a huge adva

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A

Aashi Srivastava

Contributor-Level 7

Answered 4 weeks ago

Placement Scenerio in the Top MBA Finance colleges are very strong as Finance MBA is the most sought after specialisation in MBA. For example: IIMs, XLRI, ISB, SPJIMR offer packages ranging from INR 15 LPA to INR 50 LPA in finance roles. Common job roles include: Investment Banker, Financial Analyst

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A

Abhay Dixit

Contributor-Level 7

Answered 4 weeks ago

Interesting question, To make this clear think of it like this, MBA Finance is more of a practical and industry oriented. MBA in Finance degree focuses on corporate finance, investment banking, financial planning, and management skills that companies look for & on the opposite side M.Com in Finance

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Piyush Chatterjee

Contributor-Level 7

Answered 4 weeks ago

After completing their MBA in Finance, students are open to various career options such as investment banking, financial analysis, corporate finance, risk management, asset management, portfolio management and financial consulting. They can also aim for executive roles like Chief Financial Officer (

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Pallavi

Contributor-Level 10

Answered 4 weeks ago

MBA in Finance is a specialised MBA Degree which usually covers core business topics and specialised finance subjects such as Corporate Finance, Financial Accounting and Analysis, Investment Management, Financial Markets and Institutions, Risk Management, Financial Modeling and International Finance

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Mohit Mishra

Contributor-Level 7

Answered a month ago

MBA graduates in South Korea secure roles in management finance, marketing and technology sectors. Beginning salaries of graduates range from approx USD 30,000 - USD 55,000 which depends on industry and company. This shows the demand for skilled professionals who are capable of global business chall

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Shreya Basu

Contributor-Level 10

Answered a month ago

Yes, Graphic Era Hill University Bhimtal BCom students are eligible for Finance domain jobs. Students enrolled in the programme learn about various concepts of Accountancy and Finance. Students who wish to land a job can check below to learn some job positions that BCom graduates can pursue:

  • Accounta

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Shailja Rawat

Contributor-Level 10

Answered a month ago

The MSc International Banking and Finance degree is taught within Middlesex University's Business School where university deliver high-quality teaching and research, and provide a supportive learning environment, helping students to achieve excellent academic resultsWith immense power to affect orga

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Shreya Basu

Contributor-Level 10

Answered a month ago

Institutions in Durgapur providing MBA in HR and Finance may be willing to accept the support received from the Guruji Student Credit Card scheme through its acceptance as an eligible institute approved by the Jharkhand Government. Although there is not a specific list of the colleges in Durgapur, s

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ABHINAV SRIVASTAVA

Contributor-Level 10

Answered a month ago

With B.Com, MBA, and B.Ed (Economics), you cannot directly become a TGT Maths teacher in most government schools.

 

But with additional Maths qualification + TET/CTET, it is possible.

 

Private schools and coaching centers are more flexi

ble.

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Manish Rawat

Beginner-Level 5

Answered a month ago

The highest package offered to MBA finance at Universal AI University placements 2025 was INR 40.32 LPA. Check out the table for reference:

MBA Specialisations

the highest Packages (2025)

MBA Finance

INR 40.32 LPA

M

Meitankeisangbam Vasundha

Contributor-Level 10

Answered 2 months ago

Hi, it can be observed that pursuing a diploma in Banking, Finance and Insurance in Mumbai can be quite inexpensive as most of the colleges have an average tuition fee of less than INR 1 lakh.

A

Aneena Abraham

Contributor-Level 10

Answered 2 months ago

The average course fees at the best government MBA in Finance colleges in Mumbai are given in the table below:

College Name

Average Fees

Shailesh J. Mehta School of Management, IIT Bombay Admission

INR 10 Lakh

BSE Institute Limited, Mumbai Admission

INR 7.02 Lakh- 7.29 Lakh

Disclaimer: This information is sourced from the official website and may vary.

M

Muskan Chugh

Contributor-Level 10

Answered 2 months ago

The average course fees at the best private MBA in Finance colleges in Mumbai are given in the table below:

College Name

Average Fees

S.P. Jain Institute of Management and Research Admission

INR 14.5 Lakh- 24 Lakh

K J Somaiya Institute of Management Admission

INR 21.34 Lakh

Prin. L. N. Welingkar Institute of Management Admission

INR 14 Lakh

NMIMS School of Business Management Admission

INR 25 Lakh

N.L. Dalmia Institute of Management Studies Admission

INR 16.5 Lakh

Disclaimer: This information is sourced from the official website and may vary.

M

Muskan Chugh

Contributor-Level 10

Answered 2 months ago

Yes, it is definitely worth pursuing a degree from the best MBA in Finance colleges in Mumbai if the students are interested in building a career in the field of Finance. Students can also measure the financial worth of pursuing a degree from these colleges by comparing their fees and placement sala

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Muskan Chugh

Contributor-Level 10

Answered 2 months ago

SIMS Pune has good record of placements for its MBA in Finance specialisation. In 2025, the highest package was offered to the students of the MBA Finance, which stood at INR 21 LPA.  The specialization-wise the highest packages offered to the MBA Class of 2025 are tabulated below: 

Specialization

the highest Package (2025)

Marketing

INR 20 LPA

Finance

INR 21 LPA

HRM

INR 16 LPA

Operations Management & SCM

INR 15 LPA

Data Analytics

INR 16 LPA

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Shoaib Mehdi

Contributor-Level 10

Answered 2 months ago

To obtain the admission form for MBA Finance course from Parle Tilak Vidyalaya Association's Institute of Management, you can do so from the official website of the institute. Institute usually accepts admissions for the MMS program, which can have finance specialization, through an online form. You

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ABHINAV SRIVASTAVA

Contributor-Level 10

Answered 2 months ago

The tuition fee for BCom in Accounting and Finance at Loyola College is around INR 84,520 to INR 84,640 per semester. The BCom in Accounting and Finance course is only available in Shift 2, hence the aforementioned fee is applicable to those respective candidates. The total tuition fee for BCom in A

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Saurabh Khanduri

Contributor-Level 10