Established in 1976, the department offers a two year Master’s Degree course, one year M.Phil. course and Doctoral programme in Commerce. At present the department is also offering a two-year professional course on finance, namely Master of Finance and Control (MFC) under self-financing mode.
During more than three decades of its existence, the department has contributed significantly for the cause of promoting and developing commerce and business education in the State of Orissa in general and in the southern (tribal) region of the State, in particular.
The department has been offering M.Phil. programme since 1976. In addition to this the department is also actively engaged in various research activities leading to Ph.D. degree. The major thrust area of research is Financial Management, Bank Management, Marketing Management and Institutional Financing.
The department has also organised various seminars, workshops, refresher courses, training camps and conferences at frequent intervals in collaboration with UGC, UNICEF, ICAI, Bhubaneswar Stock Exchange and DIC. Since its inception, the department holds the editorial / registered office of the Orissa Commerce Association and published the Orissa Journal of Commerce till 2008.
The department attracts memorial endowment funds for award of scholarship to the meritorious students. Currently three such memorial funds namely Narasingha Padhi Memorial Fund, Justice Abhimanyu Misra Memorial Fund and Binod Bihari Biswasroy Memorial Fund are in operation.
The experienced faculty members of the department have added significantly to the existing store of knowledge in the field of commerce and business by publishing more than 70 text as well as reference books. Besides more than 300 research articles have been published by the faculty in various leading national and international journals.
Since inception, the Department has already produced more than 100 Ph.D and 155 M.Phil scholars. The department has also organised a large number of seminars, workshops, refresher courses, training camps and conferences at regular intervals in collaboration with UGC, UNICEF, ICAI, Banks and DIC. The Department has also restructured the course curriculum in consonance with the recently issued UGC model syllabus to make the Degree technology savvy and job oriented.