PhD Program is aimed at producing high quality researchers and teachers. The PhD. Program is systematic, meticulous and interdisciplinary with a blend of content, pedagogy and research. The program has four phases, namely, Coursework, Qualifying Examination, Preparation of Thesis Proposal and Thesis Work & Submission of Thesis.

PhD in Management with specializations in Marketing, Finance, Operations and HR

The Full-time PhD Programs are of four years duration. Each academic year comprises two semesters: Semester I and Semester II, each of 6 months duration. During the First year, the students have to go through course work, along with associateship. Immediately following the coursework, the students undertake a Summer Research Project.Towards the end of first year, the students have to appear for the PhD Qualifying Examination.After successful completion of the PhD qualifying examination, a Doctoral Advisory Committee (DAC) is formed and students have to develop their theses proposals and demonstrate their progress by giving research seminars (at least one per semester). By the beginning of Third year, students are required to defend their theses proposals. In the Fourth year, students have to complete the PhD thesis work and submit for evaluation.


The PhD. Program is rigorous and interdisciplinary. It is regularly updated, benchmarking the academic delivery against the best standards. The program has four phases, namely, Coursework, Qualifying Examination, Preparation of Thesis Proposal and Thesis Work & Submission of Thesis.

Prerequisite Courses

Candidates seeking admission for PhD possessing a post graduate degree in disciplines other than management (MBA) are required to attend the 16 courses of MBA program offered during Semester-1 and Semester-2 as well as the Business Strategy course as a pre-requisite to proceed to the course work phase of the PhD Program. The candidate is also required to secure a CGPA of 7.5/10 as well as a grade not less than ‘D’ in all the courses at the end of Semester-2 of MBA. The candidate is also required to complete the 12 weeks summer internship program of MBA.

Course Work

The objective of the coursework is to impart scholarship and to equip the student with the latest developments in the discipline, including the tools of research.

In the first year the student takes 8 courses of 4 credits each spread across two semesters. They consist of Seminar Courses, Inter disciplinary Courses, and Research Methods. Each course is allotted 33 classroom sessions of 1hour 15 minutes each. The number of hours of work to be put in by the student for a particular course depends upon the number of credits allotted for that course. A credit is a convenient unit which denotes the estimated time required to be put in by a student for the course during the week, including classroom sessions.

Students should maintain a minimum GPA of 7.5/10.0 in each semester. However, if the GPA falls below 7.5/10; the performance of student will be reviewed and he/she may be given an opportunity to improve the performance, completely under the discretion of the management. The student is expected to secure a grade ‘C’ and above in all the courses, failing which he/she will be required to repeat the course and improve the grade.

However, in case of consistent low grades, students may be allowed to continue in the Program without stipend and will be given one chance to show an improvement in their performance in order to continue in the Program.

Core courses Research Methodology – I & II, Advanced Strategic Management
Marketing Marketing Theory, Marketing Strategy, Consumer Research, Brand Management and Services Marketing
Specialization Courses
Finance Corporate Finance, Market Microstructure, Asset Pricing, Corporate Governance, Financial Econometrics
Operations & IT Business Information Systems, Management of Technology, Advances in Computing, Supply Chain Management, Business Analytics & Intelligence
HR & OB Organization Theory & Design, Human Behavior in Organizations, Leadership and Change Management, Learning and Development, Strategic Human Resource Management
Economics Topics in Microeconomics, Topics in Macroeconomics, Growth & Development, Theory of Finance, Topics in Public Policy, International Economics, Advanced Econometrics

Summer Research Project (SRP)

Students will do a research project in their area of interest under the guidance of a mentor and will present a research seminar before he/she takes the Ph.D. qualifying exam. The objective of the Summer Research Project is to ensure that the student is exposed to research writing leading to a future publication. This project is evaluated and graded as Satisfactory/ Unsatisfactory

Ph.D Qualifying Examination

Students, who successfully complete the coursework with a minimum CGPA of 7.5 along with a satisfactory grade in the summer research project, are eligible to appear for the PhD qualifying examination based on the completed coursework. The examination will be conducted in the area of specialization and the research methods. The qualifying examination will test the students’ knowledge in the coursework and their ability to apply the same in research. It will consist of written papers followed by a viva voce.

Preparation of Thesis Proposal

Upon successful completion of the Qualifying Examination, the student should work for preparation of the Thesis proposal and defend the proposal at a seminar, prior to its submission, before the faculty members and fellow PhD students in the presence of the Doctoral Advisory Committee. The student is expected to complete and submit the Research Proposal for PhD Thesis within two semesters of passing the Qualifying examination. Students are also expected to present at least one seminar per semester in their respective departments demonstrating their progress.

Visiting Scholar Program

The main objective of the Visiting Scholar Program (VSP) is to sensitize students to the teaching and research environment in an international context. After successful completion of PhD qualifying examination, in the second year of the program, the students are eligible to spend 5-6 months abroad under the VSP on self-supported basis. As many as 60 scholars from various batches have benefitted till date from the VSP. All necessary support in terms of documentations required for VSP will be provided by IBS. The universities with which IBS has tied up are: McCallum Graduate School of Business, Bentley University, MA, USA; Martin J. Whitman School of Management, Syracuse University, New York, USA; Macquarie University, Sydney, Australia; The College of Business Administration, University of Toledo, Ohio, USA; University of Memphis, Tennessee, USA; Spears School of Business, Oklahoma State University, USA and Flinders University, Australia.

Thesis Preparation & Submission

By beginning of third year, students are supposed to defend their theses proposals and in the fourth year, students have to complete the PhD thesis work and submit for evaluation.


Associateship is one of the important components of the PhD curriculum in developing professional competencies among the students. During the program, the students will be associated with faculty members who will act as Mentors to the students and provide them continuous guidance. The nature of associateship is normally in the areas of teaching, research, case development and institutional development with an objective that each student is thoroughly exposed to the nuances of these areas.

Fellowship/Stipend for Full-time PhD Program

All students (Pre-PhD) admitted into the first year of the MBA program will be given a fellowship of Rs. 20,000 (Rupees Twenty thousand only) per month and free on-campus accommodation.

All students admitted into the Full-time PhD program will be given a fellowship of Rs. 25,000 (Rupees Twenty Five Thousand only) per month and free on-campus accommodation in the first year.

After passing the PhD qualifying examination, the students will be paid a fellowship of Rs. 35,000 (Rupees Thirty Five Thousand only) per month till the student defends the thesis proposal.

Stipend of Rs. 40,000 (Rupees forty Thousand only) per month will be paid to the student, after successful defense of their thesis proposal and up to the completion of four years of PhD Program. Stipend would be paid for only 48 months (4 years) from the date of commencement of the Program or till completion of PhD Program, whichever is earlier. In lieu of this fellowship, the students may be required to provide support for teaching / research / administrative activities of the University for up to 10 hours a week

A professional development grant of Rs. 20,000 per annum is also given to the students for the four years, for attending conferences, workshops and seminars. On successful defense of the PhD thesis by the students, they can pursue their career in any organization of their choice. However, such candidates may also opt to apply to IFHE or any of its sponsor/ constituent/affiliate/ associate organizations and their request may be considered for a position of faculty at a suitable pay package, under a separate offer of appointment based on their educational background, performance in the PhD Program and availability of vacancies.

In the event, the student withdraws from the program, the student is liable to refund the stipend and the program fee provided as financial assistance by IBS. To this end, the student is required to execute a financial assistance agreement along with a guarantor for the financial assistance provided by IBS and submit the same on the day of registration.

Selection Process for the PhD programs is conducted online for the candidates shortlisted based on (IBSAT2020/GMAT/CAT 2020/ NMAT by GMACTM 2020 scores). The admission decision is based on the overall performance of the candidate. A composite score is computed for each candidate based on his/her past academic record and performance in the Aptitude Test in Research Methods, Micro Presentation Technical cum Personal Interview.

Selection Process Schedule

Selection Process Schedule (Activity and Timings) will be Communicated through email

Registration for the Selection Process

All the candidates are required to register for the Selection Process 2 days prior to the date of interview confirmed by you.

Submission of Documents

Candidates are required to upload the following documents.

  • Application form(duly filled in with photo affixed)
  • Self attested photocopies of marks sheets of Graduation and Post Graduation.

Candidates will not be permitted to attend the selection process if they do not upload the above documents. Please upload the certificates by using the ibsat2022 if you have not already done.

Application Form

Candidates should give a complete and true picture of themselves as the details provided are carefully reviewed and the admission decision is made only after assessing all the information provided.

Selection Process

The Online Selection Process comprises of an Aptitude Test in Research Methods, Micro-presentation and an Interview.The aptitude test in Research Methods is to assess the candidates fundamental understanding in statistics.The judging panel for the micro-presentation will assess the candidate’s communication and presentation skills.The candidates are expected to prepare a power point presentation on a topic of their interest from their area of specialization and the duration should be limited to 15 minutes.The interview panel will attempt to understand the candidate’s profile and the commitment to opt for an academic career.The purpose is also to assess the intellectual abilities and the research aptitude and will focus on in-depth knowledge of the domain area that the candidate wishes to specialize in.

The results of the Selection Process will be declared in the1st week of April, 2022.


  • Graduation (any discipline) with 50% and above marks with medium of instruction as English and
  • Post graduation in Management ( full time with specialization in Marketing/ Finance/ Human Resource Management/ Operations from an UGC approved University) with 55% and above marks or
  • A professional qualification like CFA/ CA/ CWA/ CS with 55% and above marks.
  • All applicants should have completed a minimum of 17 years of education (on 10+2+3+2 or 10+2+4+2 basis)

Candidates not meeting the eligibility criteria of English medium in graduation and/ or post graduation have to submit theTOEFL/ NELT/ IELTS score by May 31, 2022.

Eligibility criteria will be checked from August, 2022 onwards. Hence, the onus of ensuring that they satisfy the eligibility criteria rests solely with the candidates.

Registration and commencement of classes

Program will commence from June 01, 2022.
The selected candidates are mandatorily required to report at the campus on June 01, 2022 and complete the registration formalities.


For any clarification on program, eligibility and admission, the candidates may contact Dr Sindhuja Menon on the email ID Correspondence sent to any other address may not elicit any response.

How to apply

  • Application form can be downloaded from the website ( PhD Application.pdf) and filled in form along with the application fee of Rs.1800 (non-refundable) by Demand Draft in favour of "ICFAI Foundation for Higher Education- phdecon fee A/c" payable at Hyderabad).
  • Applicants can also avail of online payment facility: The ICFAI Foundation for Higher Education Fee collection Account, A/c No.7311285584, Kotak Mahindra Bank, Somajiguda, IFSC Code : KKBK0000552.
  • The completed application form must be sent by registered post to The Head, Department of Economics, IBS Hyderabad, Dontanapalli, Shankarpalli Road, Hyderabad-501 203.

Admission Procedure

The candidates seeking admission to Ph.D program in Economics have to appear for an entrance test and an interview.

Fee for Full-time Ph.D Program

The selected candidates have to pay an Admission fee of Rs.40,000, on or before April 22, 2022. The Program fee is Rs. 60,000 per Semester. The Program fee is provided as financial assistance by IBS and is waived off, subject to meeting minimum academic requirements as specified by IBS.