Why Pursue a PhD in Business?

    Tuesday, December 14, 2021



    If you are considering pursuing a PhD in Business, here are the reasons why you should definitely go for it!

    A PhD, or Doctor of Philosophy degree, is the highest level of education a professional can earn. As such, it demands a lot of effort, time and money. Prospective PhD students should know that going through a PhD not only is a stressful situation, but it also demands a lot of money. 

    Nevertheless, there are so many benefits that come with earning a business PhD that you at least should give it a thought!

    In spite of the fact that PhDs are stressful programs, we can assure you that it is one of the best options in the long run. If you are interested in increasing your understanding of specific topics in business research as well as expanding your potential job opportunities, a PhD is definitely the way to go!

    What to expect from a PhD in Business


    Typically, students who pursue PhDs, any kind of PhD, are required to complete the academic requirements of the university program, write a doctoral dissertation and defend it successfully.

    Business PhD students’ research, in general, focuses on the development of new theories  in management, economics, and related fields. Students work closely with a university faculty adviser who is typically a recognized scholar or practitioner in the field. The student collaborates closely with the faculty mentor on research projects. They meet regularly to design the student’s dissertation theory. PhD programs at the best colleges and universities will usually require their PhD candidates to also gain teaching experience. 

    PhD programs last from 4 to 6 years. Students usually begin with coursework and/or independent study. They complete an exam. Afterwards, they may begin working on the dissertation that they present to the university panel before graduating.

    Why pursue a PhD in Business?


    The following are a few of the reasons why you should consider pursuing a PhD in business:

    Stand out from the crowd

    MBAs provide professionals with great opportunities, but they are pretty common nowadays. On the other hand, a PhD in business is much more rare, which will enable you to stand out.

    Networking opportunities

    “It’s not what you know, it’s who you know”. This phrase is not always true but in the business world, having a wide net of contacts and a good knowledge of how this world functions is a great advantage, and pursuing a PhD will certainly provide you with the opportunity to expand your network. 

    Specializing

    A PhD program gives you the chance to dive real deep into the topics of your choice, anything from corporate social responsibility to non-profit management or business ethics.

    Earning potential

    Many businesses and institutions automatically give out higher salaries to individuals with PhDs, not only because of the expertise they can provide them with, but also as a reward because of their commitment to increase their knowledge and skills.

    Confidence to succeed

    There is a certain kind of confidence that comes from being an expert in your field. Potential employers, interviewers, clients, and investors will appreciate working with someone who is truly an expert.

    Meet role models

    Entering the world of higher education gives you the chance to encounter some of the sharpest minds in the field. You will no doubt get the chance to make connections and learn first hand from these experts.

    Opportunity to teach

    While your main interests might be focused on research, giving teaching a try allows you to explore it as a potential career option. There are several perks that come from working as a professor at a college or university. 

    These are only some of the reasons why you should consider pursuing a PhD in Business.

    If you need more information, please feel free to fill out the form on our website so that one of our advisors can contact you and answer any questions you may have. Also, click here to find the best PhD in Business programs.