"Thank you for your interest in being associated with the Somaiya Vidyavihar University as a prospective Ph.D. scholar. In view of the ongoing COVID-19 pandemic and lockdown situation and as per the UGC guidelines, all the postgraduate examinations are now being scheduled on Oct 2020. The last date of receiving completed Ph.D. applications has been extended until Nov 15, 2020. Please visit our website for the latest updates on the Ph.D. programs. Ph.D. Entrance Test (PET) dates will be announced by the end of Nov 2020. The candidates who fulfill all the selection criteria will begin their Ph.D. programs from January 2021".


Finance is one of the preferred areas of Ph.D. under Management Studies. Finance specialization covers wide range of topics which are relating to finance in micro aspects as well as macro aspects. Under micro aspects areas like financial problems of a business unit are covered. Under macro aspects financial markets and policy issues are covered. Major topic of research will be relating to issues of raising of the funds by a firm. This activity involves so many topics which can be researched. Here the management perspective also comes. Raising of the right amount of funds from right source and at right cost involves lot of research. The other aspects of research could be, once the funds are raised, how to use it in an optimum way. The distribution of surplus by a business and use of internal source can also be covered here.

The macro aspect of finance includes topics like financial markets, financial institutions, financial instruments, micro finance, Government finance and various policy issues relating to these components. Under financial markets research areas can be relating to capital markets, money markets, credit markets, foreign currency markets, Government security markets etc. There is a lot of scope to cover in the research, various financial instruments. Apart from traditional finance instruments, now a day there is lot of research required for structured products and products which are used for risk management like derivatives. In India and in the world, there are many issues relating to management, solvency, restructuring of various financial institutions in innovative ways. The other areas are relating to NBFCs, private equity, venture capital, micro finance and Government finance. All these topics are highly dynamic because there is continuous change in policy relating to them by Government to make the financial system robust. Hence, it gives ample opportunity of research to a researcher.

Specilizations in this Area
  • Banking
  • Finance Markets & Management
  • International Finance
  • Commercial and Central banking
  • Financial Management
  • Financial Markets
  • Corporate Finance
  • Microfinance 

Consultancy Offered
  • Cost Control Strategies
  • Profit Optimisation
  • Budgeting
  • Investment Management
  • Financial Education Design and Control
  • Financial Literacy
  • Contract Management
  • Diversity and Inclusive Growth
Connect with us
  • phone (91-22) 672 83181
  • mail research@somaiya.edu

Researchers in this Area

Recent publications

  • DEEPAK MORE.(2010).Two photon absorption in Mn2+-doped ZnSe quantum dots.Optics Communications, 283(2010): 2150–2154.

  • Shailaja Mahamuni.(2010).Two photon absorption in Mn2+-doped ZnSe quantum dots.Optics Communications, 283(2010): 2150–2154.

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