M.Phil. (Commerce): Course Details, Admissions, Eligibility, Syllabus, Top Institutes 2023

Content Curator

M.Phil. (Commerce) is a two-year post-graduation course. M.Phil. i.e. Master of Philosophy is an advanced postgraduate research degree. Philosophy is idea about human nature and the nature of the reality we live. M.Phil. is taken only after completing a Master’s degree.

Note: Students who wish to pursue their education in the Management field or get a career boost, can check MBA course.

Following is the list of some institutes that offer this course:

Alagappa Government Arts College, Tamil Nadu
Annamalai University, Tamil Nadu
Berhampur University, Orrisa
Christ University, Karnataka
Dibrugarh University, Assam

The basic eligibility criteria for getting admission in this course is a Master’s degree in relevant discipline from recognized university with minimum 55% marks.

Some of the reputed colleges conduct a written test which is comprised of objective type questions followed by personal interview and knowledge in particular subject.

The course fee of this course in India starts between INR 1 to INR 3 Lac. This course fee is different for different institutes.

Those who have successfully completed this course can start earning anything between INR 1 to 5 Lac per annum.

Such candidates are hired in positions such as:

Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, Research Assistant

Top Colleges for M.Phil. (Commerce)

M.Phil. (Commerce): Course Highlights

The following table shows the major highlights of the course.

Course Level	Advanced Post Graduate
Duration	2 years
Examination Type	Semester system/ Year wise
Eligibility	Completed masters or equivalent degree in relevant field from a recognized university with minimum 55% marks.
Admission Process	Merit Based/ Entrance Test
Course Fees	INR 1 to 3 Lacs
Average Starting Salary	INR 1 to 5 Lacs
Top Recruiting Areas	Consultancy, Educational Institutes, Human Services Industry, Law Firms, Magazines, Newspapers, Publishing House, Research and Development Institutes
Job Positions	Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, Research Assistant

M.Phil. (Commerce): What is it About?

The M.Phil. includes the area of studies such as Accounting, Finance, International Business, Marketing and organization, behaviour and development. This course prepares students to achieve methodological competencies in the selected field.

The course curriculum comprised of classroom teaching, seminars, presentations, research colloquia, case studies, tool training etc. the students would teach knowledge skills such as Planning, Designing, Engaging, and interpreting data for problem-solving questions.

Such graduates may work in job roles such as Lecturer, Speaker, Teacher, Assistant Professor, Consultant, Human Services Worker, Scientist, Social Service Workers, and Research Assistant.

Applicants enrolled in this course are taught to:

Understand problem towards identification and troubleshooting.
Workshop on project writing helps build research aptitude in students.

M.Phil (Commerce): Top Institutes

The following table shows the list of top institutes that offer this course:

Name of the Institute	City/ State	Average Fees
ADM College for Women	Tamil Nadu	-
Annamalai University	Tamil Nadu	-
Assam University	Assam	-
AVC College	Tamil Nadu	INR 6000
Berhampur University	Berhampur, Orissa	INR 10, 595
Bharath College of Science and Management	Tamil Nadu	-
Bhavnagar University	Bhavnagar, Gujarat	-
C. Abdul Hakeem College	Vellore, Tamil Nadu	-
CBM College of Arts and Science	Tamil Nadu	-
Christ University	Bangalore, Karnataka	INR 32, 500
CMS College of Science and Commerce	Coimbatore, Tamil Nadu	-
Dibrugarh University	Dibrugarh, Assam	-
DKM College for Women	Vellore, Tamil Nadu	INR 9200
Dr. Ambedkar Government Arts College	Chennai, Tamil Nadu	INR 7, 165
Dr. Zakir Hussain College	Tamil Nadu	-
Erode Arts and Science college	Chennai, Tamil Nadu	-
Fatima College	Madurai, Tamil Nadu	INR 10, 000
Gondwana University	Maharashtra	INR 12, 800
Government Arts College	Salem, Tamil Nadu	-

M.Phil (Commerce): Eligibility

For getting admission in this course students are advised to check the below-mentioned eligibility once:

Students must have passed Post Graduation degree from recognized university with minimum 55% marks and 50% marks must be secured by SC/ ST category candidates.
Those students who have completed entrance test will also be eligible to apply for particular course

M.Phil. (Commerce): Admission Process

Student’s admission in the course is done on the basis of marks secured by them in master’s degree. Those who have obtained less than 55% marks are not eligible to get admission in the course. Some of the reputed colleges conduct an entrance exam followed by an interview for student’s admission in particular course.

Shortlisted candidates will be called for an interview. Following is the list of some entrance exam conducted for getting admission in this course:

GATE – It is abbreviated as Graduate Aptitude Test in Engineering. After qualifying this course students can get admission in postgraduate programmes. Every year, the exam will be held on February.

Latest M.Phil. (Commerce) Admission Alert

M.Phil. (Commerce): Syllabus and Course Description

The following table shows the syllabus of this course:

Research Methodology
Financial and Cost Accounting
Financial and Computer Application Management
Internal Assessment
Seminars
Written test in each theory paper
Sessional Marks
Practical examination and viva voce
Dissertation
Workshop on Research Paper Writing
Workshop on Research Project Writing
Qualitative Research
Workshop on Data Analysis
Workshop on Case Development and Analysis

M.Phil. (Commerce): Career Prospects

Qualified M.Phil (Commerce) candidates can apply for various job sectors. They can find a job in Government and Private sectors, corporate firms, educational Institutions, banking and finance sectors, and public accounting firms. Applicants can find the jobs such as Accountants, Finance Managers, Lecturers, Financial Advisor, and Chartered Management Accountant etc.

The following table shows the various job positions and its description along with their corresponding salaries:

Job Position	Job Description	Average Annual Pay Scale in INR
Lecturer	Their job responsibility is job planning, preparation and research. They also checking and assessing students work.	8, 00, 000
Consultant	Consultants are hired to help clients improve upon an area of business	12,0,0000
Finance Managers	Their duties include reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecast. They also investigate to improve profitability, analyze opportunities etc.	9, 56, 578
Accountants	They prepare asset, liability, and capital account entries by compiling and analyzing account information.	2, 34, 080
Financial Advisor	Their job is to help clients plan for their short term and long term financial goals. Financial advisors may provide Investment, Tax and Insurance Advice.	3, 62, 193