Quantitative Techniques, also known as Quantitative Methods in the West, are the evaluative methods that help in the decision making process by analyzing a number of factors instrumental in the effective running of a business organization or an educational institution. These are scientific methods based on data collection that go a long way in problem solving as well as decision making by the management. Quantitative technique is an effective tool in achieving an organization's set objectives. Based on these techniques, the decision makers in an organization are able to explore its policies and bring about the required changes.
Eligibility and course duration
A master's degree, preferably in statistics, commerce or business administration with at least 55% marks in aggregate. Need to appear for the written test as well as a round of interview. It takes around 3-5 years to complete the entire duration of the course.
More about the course
PhD in Quantitative techniques is a prestigious research oriented program that is valued a lot by research, academic as well as the business organizations. For researchers with a background in business and commerce, it is an effective course for learning the fundamentals in decision making and problem solving. Just like every other PhD, one has to apply to the research committee of a university with a unique research proposal. Once accepted, one can get going with the coursework and research work under the supervision of an able guide. The focus of the research work is on evaluative methods and measurement techniques that have a high impact on the decision making process of any big business. Depending upon these techniques they are classified into three diverse categories. The three being: Mathematical, Statistical and Programming Quantitative techniques.
With a PhD in Quantitative Techniques, avenues open up both in the field of research as well as academics. Many opt for a career in the business world itself in managerial roles and in decision making. Some of the top companies from sectors such as IT, pharmaceuticals, FMCG, construction, manufacturing and finance hire the services of professionals with advanced degree in Quantitative Techniques. Multinational companies as well as companies based abroad and into research in this field, provide suitable opportunities. One may even serve as a consultant in applying advanced techniques. At colleges and universities, you may teach topics on evaluation, measurement, assessment, data analysis and research methods.
Ph.D Quantitative techniques Admissions for 2020 - 2021 Academic Year
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