The Ph.D. in Commerce program at USTM offers research opportunities in various areas of commerce, including Finance, Accounting, Marketing, Human Resource Management, Corporate Governance, General Management, Organisational Behaviour, International Business, and Entrepreneurship.

Thrust areas in Finance include Banking, Investment Analysis, Risk Analysis, Taxation, and Business Law. Accounting thrust areas include International Financial Reporting, Strategic Cost Management, and Financial Statement Analysis. Marketing thrust areas include Product and Pricing Decision, Brand Management, and International Marketing. Human Resource Management focuses on areas such as Employee Engagement, Industrial Relations, and International Human Resource Management. General Management and Strategy cover topics like Strategic Management, Project Management, and Tourism Management. Organisational Behaviour focuses on Organizational Ethics and Corporate Governance. International Business covers topics like Foreign Direct Investment and Role of International Financial Institutions. Entrepreneurship covers areas like Business Plan and Feasibility Analysis and Role of Government in Promoting Small Industries.

Overall, the Ph.D. program in Commerce aims to equip students with advanced research skills and knowledge in various aspects of commerce, preparing them for leadership roles in academia, research institutions, and the corporate world.