More Information About PhD in Business

What should I know when considering a degree in PhD in Business ?

A PhD in business is the highest degree of education for someone looking to pursue a career in business. It is a useful degree for those who are interested in achieving an upper management business career, a teaching career or a business consulting career. The doctoral degree in business teaches students the detailed aspects of running a business. In order to be considered for a doctoral program in business, an applicant must have already earned a bachelor's and master's degree, preferably also in business.

A graduate of the doctoral program may have lofty goals of upper management with their existing company. The graduate could also be interested in starting his or her own business. A PhD in business will teach the student how to solve complex business problems, expand on leadership skills, examine cost analysis and discover new marketing techniques. These complex business organizational skills will help tremendously for a worker in the business management field.

Where a PhD in Business Can Take You

A PhD in business is rare to find in the field of business, even in upper management. Most business professionals achieve a bachelor's degree or Master's in Business Administration and start work in the field, moving up in a company through their in-house work experience. Those who decide to achieve a PhD in business and pursue a career in the business field may find a higher pay rate and may also be able to move to a higher position within the company faster than those with less education.

Many students who are looking to earn their doctoral in business may want to become teachers in the business field. Once students get to the point of entering a graduate school to achieve their PhD, they generally have a grasp on the aspect of the business field they would like to study. Some of the areas of study that universities might offer include accounting, marketing, finance, economics or technology. They can then concentrate on this area of business and take elective courses that cater to their interests. Once the doctoral degree is achieved in the specific aspect of business, he or she can achieve a teaching certificate. With a doctoral degree in business and a teaching certificate, a graduate will have the requirements to become a business teacher at any level in the education system.

Business consultants can also find it beneficial to achieve their doctoral degree in business. If already employed by a business consultation company, an employee may find that their employer will help financially in their achievement of the degree. An independent business consultant may find pursing a PhD in Business valuable because clients will assume he or she is more qualified to diagnose and solve their business's problems.

Required Education

The curriculum for a PhD in Business is more in-depth and challenging than the courses required to obtain a master's degree. A more hands-on and "case study" approach is taken by most colleges in the Doctoral program. Students are required to do many business simulations, class presentations and real world research.

Earning Potential

While a PhD in business may not be a requirement for a business career, business consulting career or teaching career, a potential job applicant may find it helpful for a higher pay rate and job title. According to the Bureau of Labor Statistics, top executive positions in companies are expected to grow by two percent from the years 2006 to 2016. They are among some of the highest paid corporate workers in the country and in 2006, top executives earned an average of $85,230. Business consulting is also expected to grow in the upcoming years and consultants earned an average salary of $68,050 in 2006. Available jobs in the post-secondary education field are also expected to be on the rise in the coming years and these teachers earned an average salary of $56,120 in 2006.

Article References

U.S. Bureau of Labor Statistics
http://www.bls.gov/oco/ocos066.htm
http://www.bls.gov/oco/ocos012.htm
http://www.bls.gov/oco/ocos019.htm

Stanford Graduate School of Business
http://www.gsb.stanford.edu/research/courses/phd.html
http://www.gsb.stanford.edu/phd/overview/

University of Pennsylvania Wharton
http://www.wharton.upenn.edu/doctoral/

What are the leading schools offering programs in PhD in Business ?

• University of Phoenix - Business Established in 1976, the University of Phoenix is the largest private university in the U.S. to offer degrees in business -- offering Bachelors, Masters, and Doctorate degrees in accounting, administration, finance, marketing, global management, technology management, e-business, and information systems. Most students are able to successfully take classes while they work in part-time or full-time jobs. In post graduate surveys, an astounding 95% of all University of Phoenix students express that their education has had a very positive impact on their career. ( More Info )
• Walden University Walden University, accredited by the Higher Learning Commission, offers Ph.D., master's and bachelor's degrees in management and doctoral and master's degrees in psychology, education and health and human services to meet the specific needs of adult learners. Walden University has over 30 years of experience delivering programs from a distance while maintaining its student-centered focus on quality and integrity. ( More Info )
• Jones International University Founded in 1993, Jones-International University is the first regionally accredited online university providing quality education for busy adults. JIU offers customized degree programs for a Bachelor Degree in Business or an MBA, Masters in Education, and Masters in Business Communication. ( More Info )
• Capella University (Graduate) Capella University offers online graduate degree learning in Education, Human Services, Psychology, Business, and Technology. Students earn master and doctorate degrees while preparing for professional entry-level and advanced career opportunities - all without entering a classroom. ( More Info )
• University of Maryland University College Since 1947, University of Maryland University College (UMUC) has pursued one primary mission: to make higher education more accessible, convenient, and rewarding for busy adults. UMUC offers more than 80 online degree and certificate programs, each designed to offer you a challenging educational experience with maximum flexibility. ( More Info )
• Northcentral University Northcentral University is an accredited online university that offers students graduate degrees in programs including business and technology management, education and psychology. ( More Info )
• Argosy University (Graduate) Argosy University, with 18 metropolitan campus locations throughout U.S., offers Masters, MBA, Doctorate, and Specialized programs in Business, Counseling, Education, and Psychology. ** Not an online school. ( More Info )
• Colorado Technical University - Online Grad Colorado Technical University's online degree programs provide distance online education with MBA and Master's in Management and doctorate degrees with specialized emphasis. Programs can be taken at a flexible pace as either accelerated (2 courses per session) or decelerated (1 course per session). ( More Info )