Update on 16 Jan, 2023
5 min read
The M.Phil Commerce Course duration is around 2 years in some colleges whereas, other colleges and universities have a 1-year course curriculum.
Usually, the colleges that provide the M.Phil Commerce Course in two years have one year as coursework, and the second year for a dissertation which can take up to 4 years sometimes.
M.Phil is itself an advanced postgraduate academic degree that requires students to research the topic at hand. Students of any stream, Commerce, Arts, and Science can pursue M.Phil.
This article is about M.Phil Commerce. In M.Phil Commerce Course, there are five specializations that are provided to the students, out of which they have to choose one.
The five areas of specialization are:
Thus, M.Phil Commerce is a postgraduate academic research program that the students can only apply for after their masters.
Candidates of the course study theoretical as well as practical subjects, and are required to conduct their own research and present their research in a dissertation.
The time period for the dissertation can be extended up to 4 years in some colleges. Colleges like D.U and IGNOU also provide M.Phil Commerce as part of distant or regular programs.
The subject matter in the course of M.Phil Commerce includes the systematic investigation of various issues and problems in the area of commerce. It focuses on planning, designing, engaging, and interpreting data for problem-solving questions.
Candidates who opt for this course generally have diverse career options choices. It is one of the finest and most reputed degrees with high-paying jobs in the private as well as the government sector and the corporate sector as well.
Hence, an M.Phil Commerce is a stepping stone to the arena of self-study. Students, along with the course content also learn various other things that develop their personality, such as self-sufficiency, self-study, developed research methodology, etc.
They also gain a high level of competence due to their ability to focus and concentrate on facts that are worthwhile as opposed to facts that are not that important.
All these qualities boost the confidence level of candidates and help them look inward for answers to questions such as interests and ambitions, etc.
The M.Phil Commerce Course Eligibility criteria must be fulfilled by the candidate in order to gain admission to the course.
The students are admitted into the M.Phil Commerce Course based on the marks they have secured in their Master's course. Those who have obtained fewer marks can also opt for admission through the entrance exam conducted by universities and colleges.
Candidates who qualify for the entrance exam, are then called for an interview session, after which they are given admission to the course.
One of the most common entrance exams is listed below for the benefit of the students.
GATE (Graduate Aptitude Test): The eligibility for this is that candidates must have secured a minimum of 50% marks in their graduate degree.
Candidates who qualify for this entrance exam are eligible for admission to various postgraduate courses.
There are various colleges that are reputed in terms of providing the best postgraduate courses for their enrolled students. Some colleges and universities have a specially designed curriculum that includes a blend of classroom teaching or lectures along with seminars and presentations, research practicals and case studies, tool training, etc in their M.Phil Commerce Course duration.
The main aim of this designed curriculum is to engage the students in the role of active learning rather than passive learners. They study and learn by themselves through planning, designing, and research.
Below we have listed some of the M.Phil Commerce Course Top Colleges along with their average fee:
|M.Phil Commerce Fees Structure 2023|
|Name of the Colleges||Average Fees|
|A.V.C College, Tamil Nadu||Rs. 6,000/-|
|Berhampur University, Orissa||Rs. 10,600/-|
|Christ University, Bangalore||Rs. 33,000/-|
|Gondwana University, Maharashtra||Rs. 13,000/-|
|Fatima College||Rs. 10,000/-|
Many M.Phil Commerce Course Top Colleges and universities also teach their students about problem-solving abilities and conduct various workshops on project writing to help them in their dissertation, and also help the students to build their research aptitude.
The M.Phil Commerce Course syllabus is for one year usually and the second year is all about the student's dissertation. The student learns a variety of topics and subjects during his years in the course.
Below we have listed the topics. However, students should be aware that some of these minor topics are prone to change from college to college:
Apart from these, students also need to attempt the following during their M.Phil Syllabus 2023:
M.Phil Commerce Course Scope is varied and usually, candidates get a variety of job opportunities in both the private and the government sector, corporate firms, educational institutions, banking and finance companies, public accounting firms, etc.
Some of the most sought-after job profiles include, teachers, Accountants, Finance Managers, Lecturers, Financial Advisors, Lecturers, Human Service Workers, Research assistants, Social scientists Worker, Consultants, Assistant professors, Chartered Management accountants, etc.
There are more female candidates than male candidates who opt for this course with an average percentage of 52% of females to 49% of males.
The average salary can range from Rs. 3 lac to Rs.1 crore, depending on the job profile and experience level of the candidate.
The candidates with a minimum experience level of 5 to 9 years receive the most salary since this experience level is considered to be the most ideal.
Some of the job positions and their expected average salary are listed below:
|Assistant Professor, Postsecondary Teacher||Rs. 4 lac per annum|
|Quality Control Analyst||Rs. 2 lac per annum|
|Technical Specialist||Rs. 4 lac per annum|
|High School Teacher||Rs. 2 lac per annum|
|Finance Managers||Rs. 9 lac per annum|
|Consultant||Rs. 12 lac per annum|
|Accountant||Rs. 2 lac per annum|
|Lecturer||Rs. 8 lac per annum|
The M.Phil Commerce Course is a much sought-after course due to its interactive course curriculum and its aid in the Ph.D. program.
Students after completing their M.Phil in Commerce usually start a job alongside pursuing their PhDs.
This gives them an edge over other candidates who are in the same field. Thus the M.Phil Commerce Course Scope is huge and students can choose between working in various sectors to studying for higher degrees.
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