PhD in Management: Admission, Subjects, Eligibiliity, Scope and Salary

PhD in Management stands for Doctor of Philosophy in Management, it is a doctoral-level degree which generally spans 3-5 years, and focuses on advanced research and study in various aspects of management theory and practice. It prepares individuals for careers in academia, research, and leadership roles in business, government, or nonprofit organizations.

This program typically involves rigorous coursework, seminars, and original research, culminating in a dissertation that contributes new knowledge to the field of management.

PhD in Management Course Details

A PhD in Management is a rigorous academic program designed to equip individuals with advanced knowledge and research skills in the field of business administration.

Key Features of a PhD in Management Program:

• Advanced Coursework: Involves a comprehensive study of core management subjects like strategic management, organizational behaviour, operations management, marketing management, financial management, and human resource management.
• Specialized Research: Focuses on a specific area of management, allowing for in-depth exploration and original research.
• Dissertation: A significant research project that contributes to the body of knowledge in management.
• Teaching and Research: Provides opportunities to engage in teaching and research activities.

Eligibility Criteria:

PhD in Management Subjects

A PhD in Management program typically covers a wide range of subjects, often tailored to the specific research interests of the student. However, some core subjects are commonly included:

Please note that the specific subjects and course structure may vary across different universities and programs. It's essential to check the curriculum of the specific program you're interested in.

PhD in Management Eligibility

General Eligibility:

• Master's Degree: A master's degree in management, business administration, or a related field from a recognized university.
• Minimum Percentage: A minimum aggregate score of 55-60% (or equivalent CGPA) in the master's degree.
• Entrance Exam: Some institutions may require candidates to qualify in entrance exams like CAT, GMAT, XAT, or university-specific tests.

Additional Requirements:

• Research Aptitude: Strong research skills and a keen interest in academic research.
• Statement of Purpose (SOP): A well-written SOP outlining your research interests, motivation, and career goals.
• Letters of Recommendation (LORs): Letters from academicians or professionals who can vouch for your abilities and potential.
• Research Proposal: A detailed proposal outlining your proposed research topic, methodology, and expected outcomes.

Note: Specific eligibility criteria may vary across different universities and programs. It's essential to check the official website of the institution you're interested in for accurate and up-to-date information.

PhD in Management Entrance Exam

The specific entrance exams required for a PhD in Management can vary depending on the university and program. However, some common entrance exams include:

• UGC-NET (National Eligibility Test): This is a national-level test conducted by the University Grants Commission (UGC) to determine eligibility for lectureships and research fellowships.
• CAT (Common Admission Test): Although primarily for MBA programs, a good CAT score can enhance your profile for PhD programs, especially in top-tier institutions.
• GMAT (Graduate Management Admission Test): This is an international standardized test often required by foreign universities for PhD programs.
• TRAT: Teerthanker Mahaveer University (TMU) often conducts a research aptitude test as part of its PhD admission process.

PhD in Management Admission Process

The admission process for a PhD in Management typically involves the following steps:

1. Submit Application:
• Complete the application form provided by the university.
• Pay the application fee.
• Submit required documents like transcripts, research proposals, letters of recommendation, and statements of purpose.
2. Entrance Exam:
• Take the required entrance exam(s) like CAT, GMAT, GRE, or university-specific tests.
• Some universities may conduct their written tests or interviews.
3. Research Proposal Evaluation:
• Submit a detailed research proposal outlining your research topic, methodology, and expected outcomes.
• The proposal will be evaluated by a committee of experts.
4. Interview:
• If shortlisted, you may be invited for an interview to assess your research aptitude, communication skills, and motivation.
5. Final Selection:
• The final selection is based on your academic record, research proposal, performance in entrance exams, and interview.

Best University for PhD in Management in Moradabad

When considering the best university for a PhD in Management in Moradabad, Teerthanker Mahaveer University (TMU) is a prominent choice. It is a recognized university with a strong academic reputation and offers a well-structured PhD program in Management.

Reasons to Choose TMU:

• Established Reputation: TMU is a well-established university with a strong track record in academic excellence.
• Experienced Faculty: The university boasts experienced faculty members who can guide and mentor PhD students.
• Research Facilities: TMU provides adequate research facilities and resources to support PhD research.
• Diverse Research Areas: The PhD program offers a wide range of research areas within management, allowing students to specialize in their interests.
• Industry Exposure: The university often collaborates with industry partners, providing opportunities for practical exposure and industry-relevant research.

PhD Scholarships in India

There are several scholarships available for PhD students in India, offered by both government and private organizations. Here are some of the most prominent ones:

Government Scholarships:

• Prime Minister's Research Fellowship (PMRF): This fellowship is offered by the Ministry of Education, Government of India, to highly motivated students pursuing PhD in Science, technology, engineering, and mathematics.
• University Grants Commission (UGC) Fellowships: UGC offers various fellowships for research, including Junior Research Fellowships (JRF) and Senior Research Fellowships (SRF).
• Council of Scientific and Industrial Research (CSIR): CSIR provides fellowships for research in various scientific disciplines, including engineering, technology, and medicine.
• Indian Council of Social Science Research (ICSSR): ICSSR offers fellowships for research in social sciences, including history, sociology, economics, and political science.

Other Scholarships:

• Tata Institute of Fundamental Research (TIFR): TIFR offers fellowships for research in various scientific disciplines, including physics, chemistry, biology, and mathematics.
• Indian Institute of Science (IISc): IISc offers fellowships for research in various scientific and engineering disciplines.

TMU PhD Fellowship Programme: A Detailed Overview

Teerthanker Mahaveer University (TMU) offers a well-structured PhD Fellowship Programme to foster research and innovation across multiple disciplines. This initiative provides financial aid and professional development support, enabling scholars to focus solely on their academic goals.

Fellowship Benefits

1. Monthly Stipend

• Medical Discipline Scholars
• Fields: Anatomy, Pharmacology, Microbiology, Biochemistry, Physiology.
• Stipend: Up to ₹30,000 per month.
• Other Discipline Scholars
• Stipend: Up to ₹25,000 per month.

2. Experience Letter

• Scholars receive an experience letter post-completion of the fellowship, which adds value to their professional profiles.

Eligibility Criteria

• Interview Round:
• Candidates must clear the interview to qualify for the fellowship.
• Exemption from TMU Research Aptitude Test (TRAT):

Candidates holding NET, SLET, GATE, GPAT, or MPhil qualifications are exempted from taking the TMU TRAT exam, simplifying the admission process.

Career Scope in PhD in Management 

A PhD in Management opens up a wide range of career opportunities, both in academia and industry. Here are some of the most promising career paths:

Academic Career

• University Professor: Teach courses in management, conduct research, and guide doctoral students.
• Research Fellow: Work on research projects at universities, research institutions, or think tanks.

Corporate Career

• Management Consultant: Provide strategic advice to organizations on a range of issues.
• Corporate Trainer: Conduct training programs for employees on leadership, management, and other business skills.
• Business Analyst: Analyze business data to identify trends and opportunities.
• Strategic Planner: Develop and implement strategic plans for organizations.
• Executive Roles: Advance to senior leadership positions in corporations.

Government and Public Sector

• Policy Analyst: Develop and implement public policies related to business and industry.
• Civil Servant: Work in government agencies and departments.
• Think Tank Researcher: Research public policy issues.

Other Opportunities

• Entrepreneur: Start your own business or venture.
• Freelance Consultant: Offer consulting services to various clients.

Salary of a PhD in Management

The salary of a PhD in Management in India can vary significantly based on factors like:

• Institution: The prestige and reputation of the institution can influence the starting salary.

• Specialization: Salaries can vary depending on the specific area of specialization within management.

• Experience: Post-doctoral experience and industry experience can significantly impact the salary package.

• Role and Responsibilities: The specific role and responsibilities within an organization will determine the salary.

• Location: Salaries in metropolitan cities tend to be higher than in smaller cities and towns.

However, on average, a PhD in Management holder in India can expect a starting salary in the range of INR 6-12 lakhs per annum.

For academic roles:

• Assistant Professor: INR 6-10 lakhs per annum

• Associate Professor: INR 10-15 lakhs per annum

• Professor: INR 15-30 lakhs per annum or more, depending on experience and reputation.

For corporate roles:

• Management Consultant: INR 10-20 lakhs per annum

• Business Analyst: INR 8-15 lakhs per annum

• Corporate Trainer: INR 6-12 lakhs per annum

Remember that these are average figures, and actual salaries may vary.

To maximize your earning potential as a PhD in Management, it's crucial to focus on building a strong academic reputation, gaining practical experience, and developing strong networking skills.

Conclusion

A PhD in Management offers a rewarding academic and professional journey. By delving deep into the intricacies of business administration, individuals can acquire specialized knowledge and skills that are highly valued in both academia and industry.

The program's rigorous curriculum, coupled with opportunities for original research, empowers graduates to contribute to the advancement of management theory and practice. Whether pursuing a career in academia, industry, or the public sector, a PhD in Management provides a strong foundation for success.

Frequently Asked Questions (FAQs)

Q1: Is a PhD in Management worth it?

Ans: A PhD in Management is worth it for those passionate about research and academic pursuits. It opens doors to prestigious academic positions, high-level corporate roles, and consulting opportunities. However, the decision ultimately depends on your individual career goals and aspirations.

Q2: How many years is a PhD in Management?

Ans: A PhD in Management typically takes 3-5 years to complete. The duration may vary depending on the specific program, research requirements, and individual progress.

Q3: What is the salary of a PhD in Management?

Ans: The average salary of a PhD in Management holder in India ranges from INR 6-12 lakhs per annum. However, salaries can vary based on factors like experience, specialization, and the specific role and organization.