PhD after MBA in India is a doctoral degree that an individual can pursue in various MBA specializations. It can be pursued by individuals who hold a master’s degree in management like MBA, MSc in Management or Finance, PGDM, PGPM, and others. There is an array of specialization that can be pursued, including Ph.D. in Management, PhD in Finance, PhD in Human Resource Management, PhD in Supply Chain Management, PhD in Operations, PhD in Marketing, PhD in Analytics, PhD in Business Administration, PhD in Economics, PhD in Banking, PhD in International Business and others. In this article you will learn about PhD after MBA in India Admission, Entrance Test , Top Universities etc.
Phd After MBA India Highlights
MBA (Masters of Business Administration) is a post-graduate course that many students in India wish to pursue.Every year thousands of students sit for management entrance exams like CAT, XAT, MAT, TISS-NET, SNAP, NMAT, IIFT, and others to secure seats in the top-management colleges in India like IIMs, IITs, XLRI, TISS Mumbai, Symbiosis Institute, NMIMS, IIFT, FMS, JBIMS, and various others. This shows that the demand for management graduates in India and abroad will keep on increasing.
Benefits of a Doctorate Degree After MBA
After completing MBA, many students pursue a Ph.D and land high-paying management jobs and academic jobs. So, if you have completed your MBA and are looking to get a bump in your salary or position, you should surely opt for a PhD after MBA in India. It is a doctoral course with duration of 3 years to 5 years that you can pursue in various specializations. You can either pursue it in a full-time format, complete in 3 years, or in a part-time mode, which gets completed in 3 years to 5 years, depending on your speed.
PhD (Doctor of Philosophy) is a research-oriented doctoral course that can be pursued by students who hold a valid master’s degree from a government-recognized university. Its duration is three years to 5 years, and it can pursue both full-time and part-time. While pursuing the course, the student has to conduct individual research in a field related to the specialization. Based on that research, the student has to submit his/ her doctoral thesis to the university. The student gets the PhD degree on the basis of his/ her research thesis submitted; the student is awarded a PhD degree. If you opt to study PhD after MBA, you will have to perform individual research in your specialization and submit your thesis to the university. After obtaining your PhD, you will get various job opportunities in numerous sectors, including the government and foreign sector.
Many universities in India offer a PhD after MBA, including some top-ranking universities like IIMs, IITs, XLRI, FMS (DU), NMIMS, MDI, IMT, TISS, CU DU, JNU, and various others. You will get various specializations and many cutting-edge research topics to choose from according to your interest.
Why Pursue a Doctorate Degree After MBA?
Several reasons point to why you should pursue Ph.D. after MBA. Some of them are mentioned below:
- You will get the chance to conduct individual research in the field of management as per your interest. During your research, you will learn various new topics and get the time to dive deep into those concepts and aspects of management.
- As mentioned above, the demand for management (MBA) graduates is growing rapidly across the globe. If you hold an MBA from a good college, you will get good career options, but you will be offered fantastic and lucrative job offers from some of the biggest firms globally if you obtain a Ph.D. after MBA.
- If you wish to start a business of your own, obtaining a Ph.D. after MBA will be an excellent option to gain all the necessary knowledge and skills to start a successful business.
- While pursuing your PhD after MBA, you will get the chance to collaborate with industry experts and academic experts in the field of management and various other sectors.
- You will be exposed to interdisciplinary learning methods and the integration of modern techniques and cutting-edge technologies like artificial intelligence and machine learning.
- If you want to become a professor in one of the best colleges for management, you should opt for a PhD after MBA. Professors in the top management colleges of India receive 7-digit annual salaries.
- You can work in management research, finance research, economic research, business research, and various other studies.
- Candidates who hold a PhD after MBA get to work as top consultants in the biggest consultancy firms globally.
- If you hold a PhD after MBA, you have a better chance to be appointed as the CEO, president, or director of a company.
- Many government agencies recruit individuals who hold a PhD after MBA as economic & financial consultants. It is one of the most sought-after job profiles after obtaining a PhD after MBA.
- IIMs (Indian Institute of Management).
- IITs (Indian Institute of Technology).
- Jawaharlal Nehru University.
- Tata Institute of Social Sciences (TISS, Mumbai).
- Indian School of Business Etc..
If you wish to pursue a PhD after MBA, you will have to fulfill the eligibility criteria mentioned below:
- You need to hold a valid & full-time bachelor’s degree from a government-recognized university.
- You need to hold a master’s degree in management (MBA/ PGDM/ PGPM/ M.Com./ M.Sc./ MTech) from a government recognized university.
- You should have secured at least 55% marks or equivalent CGPA in your master’s degree. Depending on the university, you will be allowed a 5% or 10% relaxation in minimum marks if you belong to the reserved category (SC/ ST/ OBC/ PwD).
- You have to clear an entrance test like UGC NET, CAT (Common Admission Test), GRE, GMAT, UGC JRF, or others. Various universities have their mandated entrance tests, so you should check the details of the entrance exam on the university’s official website.
- Few universities also require you to have specific work experience before applying.
Universities have slightly varying eligibility criteria, so you should check the university’s eligibility criteria before applying.
The average fee for PhD after MBA in India ranges from INR 5,000 to INR 2,00,000 annually, depending on the university. Government universities generally have a low tuition fee for PhD after MBA as compared to private universities. Before applying, make sure that you check the fees on the official website of the university.
Follow the step-by-step admission process mentioned below to apply for a PhD after MBA:
- Step 1: Visit the official website of the university and check the eligibility criteria.
- Step 2: If you fulfill the eligibility criteria, fill the online application and make sure all the details are correctly mentioned.
- Step 3: You need to sit for the entrance exam and score qualifying marks as required by the university. Almost all universities require you to pass an entrance test.
- Step 4: If you clear the entrance test, the university will call you for an academic interview at the university. Your combined performance in the interview and entrance exam will determine your admission status..
- Step 5: The university will send you an invitation letter if you secure a seat.
The admission process of universities differs from each other. It is recommended that you check the admission process on the university’s official website.
All the universities have a mandated entrance examination for admission to PhD after MBA. You will have to secure the mandated marks in the entrance test as required by the university to secure a seat for PhD after MBA.
Some of the entrance exams for PhD after MBA are mentioned below:
- UGC NET.
- Common Admission Test (CAT).
- UGC JRF.
Finance is one of the most sought-after specializations in PhD after MBA. You can conduct your research in the field of asset management, stocks, international finance, fintech, etc. It is also one of the specializations that offer relatively high-paying career opportunities.
It is a lucrative specialization in PhD after MBA. You will get the chance to solve marketing management problems faced by organizations. It will offer you ample opportunities to either research old marketing methods or develop modern marketing techniques.
Business Economics is a field where you will get the chance to study Behavioral Economics, Corporate Economics, Development Economics, Urban Economics, etc. It is also one of the fields and finance where new technologies like AI & ML are making their mark. If you wish to work as a consultant in a government organization, business economics is one of the best options.
Organizational Behavior deals with the psychological and sociological workings within organizations and their impact. If you wish to pursue a non theoretical field with less analytics, organizational behavior will be a good choice.
Accounting deals with studying accounting methods and also developing new standards for organizations. If you belong to a CA or CMA background, the accounting will be a good option for you.
If your area of interest is import, export, and foreign trade, international business will be a good option. It deals with foreign exchange, and you will get the chance to research topics like trade policies, trade deficit, customs duty, international logistics, etc.
Conclusion: We hope this article about PhD after MBA in India.We welcome your feedback and suggestions.
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Part- Time PhD in India