The PhD Program in Finance and Accounting Area at IIM Udaipur aims to equip its students with relevant tools for an impactful career as researchers and teachers at top-tier management schools in India and abroad. During the program, students go through a thoughtfully curated list of research methods and topical research seminar courses in finance, followed by a guided thesis development phase. The area’s research spans topics such as climate finance, corporate governance, corporate finance, market microstructure, asset pricing, and accounting quality.
To help PhD students develop their research skills, the Area offers regular brown bag seminars where students get opportunities to interact with and learn from other researchers working on impactful research projects across areas such as climate finance, corporate governance, corporate finance, market microstructure, asset pricing, accounting quality, etc.
These interactions and the guidance by their advisor(s) help students develop their ideas in close collaboration with research-active faculty from the Area. The students also interact with reputed scholars in the field during research seminars and have access to funding to attend international and national conferences. These interactions allow students to receive feedback from the global research community.
Another addition to the list of enablers for students is an upcoming Center For Financial Research, which aims to provide actionable insights to policymakers and practitioners. This center will provide opportunities for our students to do impactful academic research that contributes to practice. Overall, the PhD Program in the Finance and Accounting Area is among the best programs for scholars interested in doing impactful academic research.
If you are interested in applying to the PhD program in Finance & Accounting at IIMU, we encourage you to go through the profiles of faculty affiliated to the department to understand their respective research areas to gauge an alignment with your own research interests.
Area Faculty
“As a PhD student, I can confidently attest to the exceptional quality of the course work and the invaluable support from our esteemed faculty at IIM Udaipur. The coursework offered here is specifically formulated to be highly relevant to our research interests, providing a solid foundation. What truly sets my academic experience apart is the unwavering support and mentorship of the distinguished faculty members. Their expertise, dedication, and willingness to engage in meaningful discussions have enriched my research pursuits and inspired me to push the boundaries of knowledge. The nurturing and collaborative environment fostered by the faculty here has been instrumental in shaping my academic journey.” - Kriti Bhargava, PhD Student in Finance & Accounting
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A 1-year/2-semester master's degree programme after a 4-year/8-semester bachelor’s degree programme or a 2-year/4-semester master’s degree programme after a 3-year bachelor’s degree programme or qualifications declared equivalent to the master’s degree by the corresponding statutory regulatory body, with at least 60% marks in aggregate or its equivalent grade in a point scale wherever grading system is followed. This cutoff is 55 percent marks for applicants from SC, ST and PwD categories.
or
A five-year Integrated Master’s degree (obtained after completing higher secondary schooling in 10+2 pattern) in any discipline with at least 60% marks in aggregate or its equivalent grade in a point scale wherever grading system is followed.This cutoff is 55 percent marks for applicants from SC, ST and PwD categories.
A professional qualification (completed) such as CA (ICAI), ICWA, CS with a Bachelor's degree with at least 60 percent marks. This cutoff is 55 percent marks for applicants from SC, ST and PwD categories.
A 4-year/8-semester Bachelor's degree with equivalent of 75 percent marks in aggregate or its equivalent grade on a point scale wherever the grading system is followed. This cutoff is 70 percent marks for applicants from SC, ST and PwD categories.
These criteria are higher than the minimum threshold suggested by UGC guidelines on "Minimum Standards for Ph.D. admissions" as of November 7th, 2022, to ensure consistency with the minimum eligibility criteria of pre-PhD qualifications for the role of Assistant Professor at IIMs.
The Master's degree or equivalent qualification/Bachelor's degree or equivalent qualification required for IIM PhD eligibility should be: (a) from any of the Universities incorporated by an act of the central or state legislature in India or other educational institutions established by an act of Parliament or declared to be deemed as a University under section 3 of UGC Act, 1956; or (b) recognized by the Ministry of HRD, Government of India or (c) possess an equivalent qualification from an institution approved by AICTE. The Bachelor's degree or equivalent qualification obtained by the candidate must entail a minimum of three years of education after completing Higher Secondary schooling (10+2) or equivalent.
Final year candidates who have not yet completed their respective degrees (Bachelor's or Master's) by the date application is due are eligible to apply for IIM PhD program at IIM Udaipur and can receive provisional acceptance. According to IIM PhD criteria, with their initial application, they must submit a bonafide certificate (on the day of registration) signed by the head of their current department/institution indicating that they have completed all examinations/submissions required for obtaining the degree. No later than December 30th, of the year of application, they must submit the final mark sheets/certificates related to the completion of the degree indicating the minimum cut-off has been met.
*Valid CAT /GMAT/GRE/NET-(JRF to be mentioned in application, if applicable/qualified) in relevant discipline for Finance and Accounting Area. The validity of the test scores is shown in the table below. It should be noted that the scores should be valid at the time of the application deadline.
Please note that a candidate can apply to only one area. In the case where candidates submit multiple applications in more than one area, the application received on the latest date will be considered and the previous application/applications will be summarily rejected.
Along with the completed application form, the following documents are mandatory:
*Candidates in the final year of the program or awaiting their results can upload the Mark Sheet of the previous term(s)/semester/year.
Scanned copies of all academic mark sheets, certificates, qualifying examination score cards, category certificates, and research proposals must be uploaded, along with the online application form.
**There is an application fee waiver for the PhD program.
For application-related queries please contact- phdadmission@iimu.ac.in or Call- 0294-2477251 (Monday to Friday) 9.00AM to 5.30PM
The selection process will be a two-stage process.
In Stage 1, faculty members from the area (or a panel thereof) will make a shortlist of applicants found suitable for Stage 2 based on an assessment of the applicant’s academic performance, research/ work experience, letters of recommendation, and statement of purpose. Only the shortlisted candidates will be eligible to appear in stage 2 of the process.
In Stage 2, faculty members (or a panel thereof) from the Area will judge the suitability of applicants through in-person interviews at IIMU Campus. In the interviews, the candidates will be evaluated on their research aptitude and domain knowledge, motivation and preparedness for the Ph.D. program, long-term career plans, and communication skills. The research aptitude might be evaluated based on research papers assigned by the panel to the candidates at least 7 days prior to the date of the interview.
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