A PhD is a doctor of philosophy (abbreviated Ph.D., D.Phil., or DPhil) degree that can be earned in one of several areas of study. The PhD in business management is specific to the study of management of businesses, organizations and corporations. A PhD in business management is the same thing as a PhD in business, PhD in management or a doctorate in business administration (DBA). A PhD in business management is considered the highest business related degree that can be awarded. The degree was originally designed for academics seeking to pursue research and teaching careers at the university level but it has also become a popular degree among aspiring business professionals that are looking to position themselves as experts in the disciplines of business administration and management.
Since many business professionals these days possess MBAs, one way to set yourself apart from the competition for senior-level management positions is to earn a Ph.D. in business and management. As the economy becomes more globalized, more employers are seeking individuals with the knowledge and training to oversee key business operations in a competitive marketplace. Those earning doctorate degrees in business administration (DBAs) will not only improve their job opportunities, but they will also increase their earning potential. During 2008, the median salary for Chief Executive Officers (CEOs) was a little more than $140,000 a year. Because these jobs are so coveted, competition is very intense.
A convenient and affordable way to earn a PhD in business management or DBA is through an online program. This is also a great option for those who want to continue acquiring work experience while earning a doctorate degree. Most students enrolled in online DBA programs are required to complete courses in business technology, business and risk management, and management theories. Earning a DBA will not automatically qualify someone for a high paying job, but those earning doctorate degrees improve their job opportunities and earning potential.
Business Managment PhD Degrees and Programs