The Indian Institute of Management Calcutta (IIM Calcutta) offers a full-time Doctoral Programme (PhD) in Finance & Control as part of its Doctoral Programme in Management. The PhD program prepares students for research and academic careers in finance-related areas of practice, and it prepares individuals for roles in academia, government, industry, and research organizations. IIM Calcutta's PhD program in Finance & Management is demanding and is usually completed within four to five years, with an emphasis on building analytical and research capability.

To be eligible for the PhD in Finance & Control, applicants should have a first-class Master's degree or any discipline post-graduate diploma with at least 50% aggregate marks, or equivalent professional qualifications such as CA, CS, or CMA with specified minimum marks, or a B.Tech degree with a minimum CGPA of 6.5. Final year students who meet these criteria can also apply conditionally.

The program will provide a monthly stipend of between INR 30,000 - INR 35,000 plus additional contingency and computer grants for research and academic activities for the first year. This financial support is available for four years, with the possibility of an additional year for satisfactory progress. Students can also supplement their income from the program with teaching assistantships and receive full funding for an international conference and workshop, in addition to regular funding from the grant.

IIM Calcutta is India's oldest of the IIMs, with a history of excellence and scholarship, and is located on a beautiful campus in Kolkata. The doctoral program with a Finance & Control specialization focuses on producing research of the highest quality and the opportunity to be part of and contribute to the global academic conversation on the knowledge frontiers in Finance and Control. The program is supported by faculty with expertise in this area and is based on collaborative learning with a quality cohort of students.

However, the candidate can also pursue an online DBA(Doctor of Business Administration). This program is offered by the top-ranked foreign universities, and it is equivalent to a PhD. After the completion of this course, the learner will get the Dr title in their name. An online DBA gives Indian students the flexibility to pursue advanced business education without limiting their location. The flexibility of an online DBA program allows students to easily work, study, and balance personal and family commitments. This course is generally more affordable than a traditional DBA program because it avoids unnecessary travel costs, housing costs, and the commitment to move to another country. Learners are exposed to a global network of peers and educators from all over the world, and it gives students access to the institutional advantages of research, digital, and leadership skills in preparation for the dynamic, competitive landscape of leadership positions within India. 

For Indian students, an online Doctor of Business Administration (DBA) program usually lasts for a duration of 3 to 5 years. While many universities have a standardized duration of about 3 years, students may require an additional 2 years or less, depending on the complexity of their research and the structure of their program.