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PHD in Finance And Accounting F A at Indian Institute of Management Nagpur

Indian Institute of Management Nagpur, established in 2015, is a premier autonomous management institution located in Maharashtra. Ranked 31st by NIRF in 2024, IIM Nagpur offers flagship MBA and other programs from its 132-acre campus. The institute is recognized for academic rigor and promising placements, attracting top recruiters.

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Nagpur, Maharashtra

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About the Specialization

What is Finance and Accounting (F&A) at Indian Institute of Management Nagpur Nagpur?

This Finance and Accounting PhD program at Indian Institute of Management Nagpur focuses on developing rigorous researchers and academicians capable of contributing to the financial and accounting domains. Rooted in strong theoretical foundations and empirical methods, the program addresses complex challenges relevant to the Indian and global financial markets. It emphasizes original research that impacts industry practices and policy-making within the dynamic Indian economic landscape.

Who Should Apply?

This program is ideal for aspiring scholars with a strong academic record, particularly those holding a Master’s degree in business, economics, finance, or a related quantitative field. It attracts fresh graduates keen on a research-intensive career in academia or think tanks, as well as working professionals from financial services or corporate accounting seeking to transition into research and teaching roles. Candidates should possess a keen analytical mind and a passion for in-depth inquiry.

Why Choose This Course?

Graduates of this program can expect to secure positions as faculty in premier business schools and universities across India, research economists in financial institutions, or consultants in corporate finance. India-specific career paths include roles in RBI, SEBI, Niti Aayog, or leading private sector banks and financial consultancies. Entry-level academic salaries for PhDs in India typically range from INR 10-20 LPA, with significant growth potential. The program aligns with the demand for highly skilled researchers in India''''s rapidly evolving financial sector.

Student Success Practices

Foundation Stage

Master Research Methodologies- (Coursework phase (Year 1-2))

Dedicate significant effort to understanding the nuances of quantitative and qualitative research methods. Actively participate in classroom discussions, complete all assignments thoroughly, and seek clarification on complex statistical concepts. This stage is crucial for building a robust foundation for future research.

Tools & Resources

Statistical software like R, Python (Pandas, NumPy), Stata, SPSS, Academic journals like ''''Journal of Finance'''', ''''The Accounting Review''''

Career Connection

A strong grasp of research methodologies is fundamental for any academic or research role, enabling effective study design and data analysis, which are core skills for a PhD.

Cultivate Academic Writing Skills- (Coursework phase (Year 1-2))

Focus on developing clear, concise, and persuasive academic writing. Practice structuring literature reviews, crafting compelling research proposals, and adhering to ethical research practices. Seek feedback on all written work from peers and faculty to refine your writing style and scholarly voice.

Tools & Resources

Grammarly Premium, Mendeley/Zotero for citation management, IIM Nagpur Writing Center (if available)

Career Connection

Proficient academic writing is essential for publishing in top-tier journals and for effectively communicating complex research findings, critical for academic career progression.

Engage with Faculty Research- (Coursework phase (Year 1-2))

Proactively identify faculty members whose research aligns with your interests. Attend their seminars, discuss their ongoing projects, and volunteer to assist with minor research tasks. This early engagement helps in identifying potential thesis supervisors and understanding active research fronts in Finance and Accounting.

Tools & Resources

IIM Nagpur faculty profiles, Research papers published by IIMN faculty

Career Connection

Early faculty engagement can lead to co-authorship opportunities, mentorship, and a clearer direction for your dissertation, significantly impacting future academic placements.

Intermediate Stage

Develop Specialization Expertise- (Post-coursework to Thesis Proposal (Year 3-4))

Beyond compulsory courses, delve deeply into specialized Finance and Accounting topics relevant to your research interests. Attend workshops, seminars, and webinars on specific sub-fields like corporate finance, financial markets, behavioral finance, or auditing. This helps in identifying a unique research niche.

Tools & Resources

Online courses (Coursera, edX) in advanced finance/accounting topics, Bloomberg Terminal/Refinitiv Eikon (if available at IIMN)

Career Connection

Specialized expertise is crucial for developing a unique and impactful dissertation, making you a more attractive candidate for specialized academic and industry research roles.

Prepare for Comprehensive Viva- (End of Coursework Phase (End of Year 2 / Start of Year 3))

Systematically review all coursework material and core concepts in your specialization. Form study groups with peers and conduct mock vivas to practice articulating your understanding and defending your arguments under pressure. This prepares you for the rigorous oral examination.

Tools & Resources

Course notes and textbooks, Past comprehensive viva questions (if shared by seniors)

Career Connection

Successfully clearing the comprehensive viva is a major milestone, validating your command over the field and allowing progression to the dissertation phase, essential for timely completion.

Begin Thesis Proposal Development- (Mid-to-Late Year 3)

Start formulating your research questions, identifying relevant literature, and outlining your proposed methodology for your doctoral thesis. Work closely with your chosen supervisor to refine your ideas, ensuring originality and feasibility. Present your preliminary ideas in internal seminars.

Tools & Resources

Scopus/Web of Science for literature search, Academic databases (JSTOR, EBSCOhost)

Career Connection

A well-structured and impactful thesis proposal is the blueprint for your entire PhD, directly influencing the quality of your research output and your eventual career prospects.

Advanced Stage

Focus on High-Quality Research Output- (Thesis Writing and Defense (Year 4-5))

Dedicatedly work on your dissertation, aiming for publishable quality research chapters. Actively seek opportunities to present your ongoing work at national and international conferences. Incorporate feedback from peers, faculty, and conference attendees to refine your arguments and methodology.

Tools & Resources

LaTeX for thesis typesetting, Academic conferences in Finance & Accounting (e.g., India Finance Association)

Career Connection

Publishing research papers during your PhD significantly enhances your academic job market profile, demonstrating your capability as an independent researcher and improving institutional visibility.

Network and Build Professional Connections- (Throughout Thesis Writing & Job Search (Year 4-5))

Attend academic conferences, workshops, and seminars not just to present, but also to network with senior scholars, potential collaborators, and recruiters. Build relationships with faculty from other institutions. These connections are vital for job market intelligence and future collaborations.

Tools & Resources

LinkedIn Scholar, Professional associations (e.g., American Finance Association, Indian Accounting Association)

Career Connection

A strong professional network is invaluable for job search, post-doctoral opportunities, and long-term career growth in academia or research-intensive roles.

Prepare for the Academic Job Market- (Final Year of PhD (Year 5))

Develop a strong academic CV, teaching statement, and research statement. Practice job talks and mock interviews. Tailor your applications to specific universities and research institutions. Be proactive in your job search, leveraging career services and faculty guidance.

Tools & Resources

University career services for CV/resume reviews, Online platforms for academic job postings (e.g., Chronicle of Higher Education, HigherEdJobs)

Career Connection

Thorough preparation for the job market ensures that you can effectively showcase your research and teaching abilities, leading to successful placement in desired academic or research positions.

Program Structure and Curriculum

Eligibility:

  • A Master’s Degree or a 5-year Integrated Master’s Degree in any discipline with at least 60% marks in the Bachelor’s and Master’s degrees OR equivalent academic qualification. OR Professional qualifications like CA, CS, CMA, and minimum 60% marks in B.Com/graduation OR equivalent academic qualification. OR B.E./B.Tech./B.Arch. with 6.5 CGPA or equivalent OR equivalent academic qualification. OR Any other professional qualification along with a Bachelor’s degree obtained after 4 years of schooling with at least 60% marks. Valid test scores in CAT/GMAT/GRE/GATE/JRF-NET. The test score should be valid on the application deadline. Candidates with PGP from IIMs or equivalent programmes from institutions of national importance with a minimum CGPA of 6.5 (out of 10) or 60% are exempt from submitting test scores.

Duration: 4-5 years

Credits: Minimum 45 credits (for coursework) Credits

Assessment: Assessment pattern not specified

Semester-wise Curriculum Table

Semester 1

Subject CodeSubject NameSubject TypeCreditsKey Topics
Research Methods I (Quantitative)Compulsory3Quantitative Research Design, Survey Methods, Experimental Design, Data Collection Techniques, Statistical Software Applications
Research Methods II (Qualitative)Compulsory3Qualitative Research Design, Case Study Methodology, Ethnography and Grounded Theory, Interview Techniques and Focus Groups, Qualitative Data Analysis
Writing for ResearchCompulsory3Academic Writing Principles, Literature Review Construction, Research Proposal Development, Thesis Structure and Formatting, Avoiding Plagiarism
Philosophy of ScienceCompulsory3Epistemology and Ontology, Scientific Method and Paradigms, Ethics in Research, Positivism and Interpretivism, Theory Building
Advanced Statistics for ResearchCompulsory3Multivariate Analysis, Regression Analysis, Structural Equation Modeling (SEM), Panel Data Analysis, Hypothesis Testing
PedagogyCompulsory3Teaching and Learning Theories, Curriculum Design, Assessment Strategies, Classroom Management, Instructional Technologies
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