A PhD in Banking and Finance is a doctoral program that helps students learn about banking and financial systems. The PhD in Banking and Finance curriculum covers subjects like Principles of Banking, Investment Analysis, Corporate Finance, etc.
Students interested in the Doctor of Philosophy in Banking & Finance course must have completed their postgraduation studies in a relevant field. Admission to the PhD in Banking & Finance is typically based on merit or entrance exams like UGC-NET. Jindal School of Banking & Finance, K J Somaiya Institute of Management, and R.A. Podar College of Commerce and Economics are a few Doctor of Philosophy in Banking & Finance colleges.
PhD in Banking & Finance graduates can explore diverse career options in the finance and banking sectors. Some job roles that a PhD in Banking & Finance professional can pursue include Financial Analyst, Financial Manager, Budget Analyst, etc. The PhD in Banking and Finance average package for freshers ranges between INR 5 LPA and INR 10 LPA.
Table of Contents
- PhD in Banking and Finance Course Highlights
- What is a PhD in Banking and Finance?
- Why Study a PhD in Banking and Finance?
- Who should pursue PhD in Banking and Finance?
- PhD in Banking and Finance Admission Process
- PhD in Banking and Finance Eligibility
- PhD in Banking and Finance: Entrance Exam
- PhD in Banking and Finance Syllabus
- Colleges in India for PhD in Banking and Finance
- PhD in Banking and Finance VS PhD Finance
- PhD in Banking and Finance Job Opportunities
- PhD in Banking and Finance Future Prospects
- PhD in Banking and Finance FAQs
PhD in Banking and Finance Course Highlights
The table below shows the Doctor of Philosophy in Banking & Finance course highlights:
What is a PhD in Banking and Finance?
A PhD in Banking and Finance is a professional degree that helps students gain knowledge about finance and economics. Its curriculum deals with subjects such as financial management, according to finance, quantitative finance, etc. Students pursuing a PhD in Banking and Finance gain a deep understanding of financial theory, which helps them address financial issues.
PhD in Banking and professionals are in high demand because of their expertise in financial analysis and forecasting. The graduates of a PhD in Banking and Finance have adequate theoretical and practical knowledge that helps them work in financial institutions or the banking industry.
Why Study a PhD in Banking and Finance?
A Doctor of Philosophy in Banking & Finance opens diverse career options for candidates. Professionals can explore careers in the banking and finance sector. A few reasons to pursue this course are listed below:
- Those with a Doctor of Philosophy in Banking & Finance get the opportunity to work in top organisations like the World Bank, Goldman Sachs, and JPMorgan Chase.
- A PhD in Banking and Finance helps candidates enhance their knowledge in investment strategies and corporate finance, which enables them to develop new economic policies.
Also Read: PG Diploma in Banking
Who should pursue PhD in Banking and Finance?
Mentioned below are the points of who can pursue this course:
- Candidates who wish to build a career in finance and are interested in financial systems, banking regulation, risk management, and economic modeling.
- Applicants who would like to work on original research contributions to areas such as financial markets, fintech, or monetary policy.
- Individuals with good quantitative, analytical, and mathematical ability and who have an interest in teaching at the university level in finance or banking.
- Candidates who are interested in taking up senior positions in financial institutions based on research-based knowledge.
PhD in Banking and Finance Admission Process
PhD in Banking and Finance admission is merit/ entrance-based. The admission to this course is mostly the same for all institutions; however, the admission process of R.A. Podar College of Commerce and Economics is mentioned below:
Step 1: Fill out the Application form available in the College Office
Step 2: The filled application form must be submitted to the Registrar of the College and appear for the entrance test
Step 3: Students who have passed the NET/ M.Phil./ SET/ JRF Examination are exempted from the entrance exam
Step 4: The merit list will be published on the official website and the selected candidates must appear for the interview and document verification process
Step 5: After selection, candidates must submit the Research Proposal to the respective committee.
PhD in Banking and Finance Eligibility
PhD in Banking and Finance eligibility criteria can vary for different institutions. Aspirants with a graduate degree are eligible for the Doctor of Philosophy in Banking & Finance. The eligibility criteria for the Doctor of Philosophy in Banking & Finance at K J Somaiya Institute of Management are mentioned below:
- Candidates must have a MBA in Banking or related.
- A minimum of 55% marks in aggregate
- Students awaiting their final results are also eligible to apply
- Candidates having a Master’s degree from a recognised foreign institution are also eligible
PhD in Banking and Finance: Entrance Exam
The table below shows the entrance exam that is accepted for admission to the course:
PhD in Banking and Finance Syllabus
The syllabus for this course is similar across colleges in India. However, the year-wise syllabus of the Doctor of Philosophy in Banking & Finance at Pondicherry University is mentioned below:
Colleges in India for PhD in Banking and Finance
The table below shows the list of PhD in Banking and Finance colleges along with their annual course fee:
PhD in Banking and Finance VS PhD Finance
Mentioned below is the comparison between a PhD in Banking and Finance and a PhD in Finance:
PhD in Banking and Finance Job Opportunities
After completing the Doctor of Philosophy in Banking & Finance, graduates can explore a variety of job prospects such as Investment Banker, Financial Consultant, Economist, and much more. Some of the PhD Banking and Finance job roles, along with the average package, are mentioned below:
PhD in Banking and Finance Future Prospects
Candidates with this course have diverse job opportunities in the banking and finance sector. A Doctor of Philosophy in Banking & Finance graduate can work as a Market Research Analyst, Risk Manager, and Chief Financial Officer. The other options that are available for a Ph D in Banking and Finance graduate are mentioned below:
- Entrepreneurship: PhD Banking and Finance professionals can begin their entrepreneurial journey by establishing consulting firms that provide financial or risk management advice.
- Short-term Courses: The PhD in Banking and Finance graduates can pursue online courses in risk management or financial modelling.
PhD in Banking and Finance FAQs
Is work experience required for a PhD in Banking & Finance?
Work Experience is not mandatory for a PhD in Banking & Finance. However, it is beneficial to have work experience as this helps to add some insights during the research work.
Can one pursue a PhD in Banking and Finance without a finance background?
Candidates having a finance background are preferred by universities offering a PhD in Banking & Finance. However, many institutes accept applications from candidates in the related field and with strong analytical skills.
What salaries can PhD candidates expect in banking and finance roles?
PhD candidates in banking and finance roles in India can expect salaries depending on their experience, role, and sector. Entry-level positions, including research or academic roles, usually start around INR 3 to 8 lakh per annum. Mid-level professionals with a few years of experience can earn between INR 12 to 26 lakh annually.
Does PhD increase salary?
Yes, a PhD generally increases salary potential, especially in academia, research, and specialized industries. PhD holders in India can earn from ₹8 to ₹24 lakhs annually on average, depending on the field and experience. It also opens access to higher-level roles with better pay and benefits.
