Seize Control With a PhD in Management
Getting a PhD in management can help you build a successful career. In today’s business world, having experience as your only knowledge base is not enough. Earning a PhD in business can help you get ahead of the competition and into a six-figure salary.
Reasons to Get a PhD in Management
Statistics show that the average salary of a CEO was $140,350 in 2004. The competition is tight among professionals for these high-paying jobs. There are many benefits to obtaining a PhD in management that many people are not aware of. This degree is designed to provide students an opportunity to delve into research regarding business management.
Like the MBA, the PhD in business includes courses on:
- International business
- Human resources
- Business law
While the MBA uses case studies to teach future entrepreneurs how to manage a corporate department, the PhD requires in-depth knowledge of business theory, cross-analysis, and research into specific practices. A PhD in management also is an excellent choice for those who want a career in teaching and research at the university level.
Many corporations prefer to hire professionals who have a PhD, and earning this degree can help you discover new strengths as well as learn to use your creative side to develop a successful business or take an existing company to new heights. Consulting companies seek ambitious people with excellent problem solving skills and the ability to lead others.
Business and Management PhD Degree Programs
As a student, you will need to select courses from one or more specialized areas of management, including information technology management, human resources management, and marketing. Upon completion of this program, you will be qualified to consult, lead, or teach in the field of management from a strategic viewpoint.
Increasingly, more universities are offering online doctoral programs in business and management, allowing you to learn at your own pace while working in your current job.
Students can specialize in one of the following areas:
- Production and operations management
- Finance and control
- Corporate strategy
- Information systems and quantitative methods
- Social sciences and economics
- Organizational behavior
In order to enroll in a PhD in management program, you will need to hold a Master’s degree. Most programs require one-week residencies per year, for three years. A PhD in management will teach you what it takes to become an outstanding leader and find innovative solutions to complex problems. Studying for a doctorate in business involves examining theory as applied to finance, management, accounting and other fields.
Business school rankings are highly influenced by the proportion of faculty with doctorates. This doctoral program prepares candidates for management positions in business, industry, or government. If you are interested in achieving a top-level business or academic career, a PhD in management is a viable option.