M.Phil

It is good to become a lecturer. It will be much better, if one can become a government Lecturer, getting UGC scale, from the beginning. You can improve yourself intellectually and at the same time, you can enjoy the company of young people.

There is so difference in the course structure, only the format of classes would be different and of course you would not get internship exposure in the distance program.

Tentative dates of Entrance Exam:
Online Application Process: February 2017, 2nd week.

There is only one institute that I am aware of HL Institute of Commerce (HLIC), Navrangpura, Ahmedabad. You can search out the details and maybe more that offer the same.

The various job types after completing M.Phil in English-
University or College Lecturer
Content Writer or Editor
Journalism
Translator
Copyeditor
Copywriter
Author
Account Executive
Account Supervisor
Assistance Editor/Production Editor
Broadcast Advertisement Manager
Columnist
Communication Skills Trainer

Hi,
Most of the Universities require minimum 55% in Master's degree as eligibility for M.Phil and few require minimum 60% in Master's degree.
All the best.