The degree provides you the way to become lecturer in commerce. M.Phil. stands for master of philosophy and no need to say you will understand the philosophy of commerce and will be much benefited. It is the second highest degree one can obtain in the commerce field.

The objectives of PhD in commerce are:

To explain the recent trends in business administration.
To Explain the inter relationship between various concepts & practices in Administrative sciences.
To Study the contemporary issues related with business administrative theories
It is a gateway to become a teacher, professor, researcher in a particular field