should i get a phd in business

Should I Earn a Doctorate Degree?

Types of Ph.D.s You Can Receive in the Field of Business

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A d octorate degree is the highest level academic degree that can be earned in the U.S. and many other countries. This degree is awarded to students who have completed a doctoral degree program.

Types of Doctorate Degrees

There are four basic types of doctorate degrees:

• Professional Doctorates - These doctorate degrees are awarded to students who focus on a profession over research. An example of a professional doctorate is a DBA ( Doctor of Business Administration .)
• Research Doctorates - Commonly known as a Ph.D. or Doctor of Philosophy , research doctorates are typically awarded in recognition of academic research.
• Higher Doctorates - A higher doctorate is a tiered research degree awarded in several countries including the United Kingdom, France, and Ireland.
• Honorary Doctorates - Honorary doctorate are doctorate degrees awarded by certain universities that want to recognize an individual's contribution to a particular field.

Where to Earn a Doctorate Degree

There are thousands of universities around the world that award doctorate degrees. Business students can often choose between a campus-based program and an online program. Although every program is different, most schools require students to complete at least two years of full-time study before a doctorate degree will be awarded. In some cases, it may take as long as 8 to 10 years to complete the necessary requirements. Prerequisites for business students often include an MBA or a master's degree in a business field. However, there are some schools willing to admit undergraduate students to their doctoral programs.

Reasons to Earn a Doctorate Degree

There are many different reasons to consider earning a doctorate degree in the business field . To start, earning a doctorate degree can significantly increase your earning potential. This degree can also qualify you for more advanced and prestigious career options, such as CEO. Doctorate degrees can also make it easier to obtain consulting or research work and teaching jobs.

DBA vs. Ph.D.

Choosing between a professional degree, such as a DBA, and a research degree, such as a Ph.D., can be difficult. For business students who want to contribute to business theory and management practice while developing professional skills and contributing professional knowledge, the DBA is almost certainly the best academic route to take.

Choosing a Doctoral Degree Program

Finding the right doctoral degree program can be a challenge. There are thousands of schools and degree programs to choose from in the U.S. alone. However, it is essential that you make the right choice. You will be spending several years in the program. You must find a school that offers the type of degree you want to earn as well as the type of professors you want to work with. Some of the most important things to consider when deciding where to earn a doctorate degree from include:

• Accreditation
• Cost/Financial Aid Package
• Degree Options
• Faculty Reputation
• Program Reputation
• Admission Requirements
• Should I Earn a Business Administration Degree?
• Should I Earn a Business Degree?
• Should I Earn an Advertising Degree?
• How to Earn a Doctorate Degree Online
• Should I Earn a Joint JD/MBA Degree?
• Should I Earn a PhD in Business Administration?
• Should I Earn a Project Management Degree?
• Should I Earn a Marketing Degree?
• What Is a Public Administration Degree?
• Should I Earn a Sales Management Degree?
• Should I Earn an Economics Degree?
• Which Degree Is Right for You?
• A Doctor of Philosophy or Doctorate
• Should I Earn a Nonprofit Management Degree?
• Should I Earn a Real Estate Degree?
• Should I Earn a Hospitality Management Degree?

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• Dissertation Areas and Joint PhD Programs
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PhD The Stevens Doctoral Program

Join a community of bold thinkers.

The Stevens Doctoral Program at Chicago Booth is the top destination for analytical, intellectually curious individuals who want to earn a doctorate in business from one of the best business PhD programs in the world.

As a PhD student at Chicago Booth, you will explore and cultivate your research interests from day one—wherever they lead you. In partnership with our distinguished faculty , you will develop your ability to conduct groundbreaking research. You’ll graduate with a business PhD and the tools to achieve academic and professional success.

Video Transcript

Baris Ata (00:00): When I came here, it felt like, "Now I'm in the major leagues." I realized how high the standards are.

Jane L. Risen (00:09): We're the oldest PhD program within a business school, which is pretty extraordinary to think of sort of how long ago the recognition was there that we wanted to be training not just business leaders in practice, but to be training the future leaders of academic discipline.

Ray Ball (00:26): So I arrived in 1966. Oh, it was marvelous. The place just crackled with ideas and open discussion, and I ended up throwing out all the ideas I came with.

Ann L. McGill (00:35): What I especially liked about learning things here is this is an interdisciplinary school, so you didn't have to dive in a silo. You can wrap your arms around huge areas.

Marianne Bertrand (00:46): What is special is that we are part of a business school, training PhD students across a range of disciplines, not just economics or finance, which we deploy in the Economics Department, but also students are doing psychology, operation research.

Ray Ball (00:59): At Chicago, the ideas were the authorities, not the people, and they were all up for grabs.

Amir Sufi (01:06): What we're trying to create here is people who produce knowledge, not just consume it. And that's the real challenge I think of PhD education.

Ana-Maria Tenekedjieva (01:15): I was never told at any point that, "Oh, this is not real finance. This question is too outside of the box." On the contrary, it was always, "You should do what you want to do, and we're going to think about placement once the paper is ready."

Jane L. Risen (01:32): You don't make any assumptions. You question everything.

Pradeep K. Chintagunta (01:35): It's not enough just to know what other people have done. It's also important to know what needs to be done next. To be able to do that, you need to be able to ask questions beyond the questions that have been asked in the previous literature or in the previous knowledge that's already out there.

Jeffrey R. Russell (01:53): When you're going to seminars here, or watching my colleagues talk in the hallways, you'll often see them in what look like very contentious battles. But really, they're just after, "What's the right answer?" When PhD students come here, they are able to sort of bring that into their own souls, and I think that really pushes them then to sort of be the best possible researcher that they can.

Ana-Maria Tenekedjieva (02:12): Chicago Booth is known for its quite aggressive questioning style. I think that we get a little bit of a bad rap. There is a point to the aggressive questioning, and it is to clarify the idea. In Chicago Booth the spirit is be tough on the idea, not on the person.

Amir Sufi (02:30): Throughout the world, we're appreciating more and more how influential research can be. I think our PhD students going forward will increasingly be placed in positions, both in scholarship and in government and in business, where they can have major influence.

Ray Ball (02:48): So the fact that this is the oldest doctoral program in business, that it has been going for 100 years, gives some indication of the commitment of this school to training people. We still have those same values, and so it's always going to generate people who change the world, who change the way we think. I can't tell you at this point how that will happen. That's exactly the idea. New people come in with new ideas, and they learn how to implement them in the school, and they change the way we think about the world. And that's going to keep going.

PhD in Business at a Glance

The Stevens Program is highly competitive—and highly rewarding. Approximately 20–25 new PhD students matriculate each fall from an applicant pool of more than 1,000, and our graduates are highly sought after at the world's most elite institutions of higher learning, in government, and at leading global businesses.

Our program is a full-time program that typically takes about five years to complete. PhD students can apply for one of our seven dissertation areas  or three joint PhD programs.

Explore Our Dissertation Areas and Joint PhD Programs

Our program gives you the flexibility to meet your intellectual and academic goals. We have seven doctoral dissertation areas, as well as three joint PhD programs.

Join Our Research Community

In collaboration with faculty and fellow students, you’ll conduct innovative research and prepare for a successful career.

How to Apply for and Fund Your PhD in Business

Explore phd admissions.

Earn your PhD in one of the best business PhD programs in the world. Here’s how to join our community of bold thinkers.

Attend a PhD Admissions Event

Join us at an information session or recruiting forum to learn more about the Stevens Doctoral Program at Chicago Booth.

Explore Financial Aid

At Chicago Booth, PhD students receive a tuition grant, a stipend, student health insurance, a computer or computer subsidy, and access to research and travel funding.

Meet Our Alumni and Job Market Candidates

Discover our alumni success.

For 100 years, Chicago Booth has been a proven training ground for the next generation of leading professionals in academia, government, and industry.

See Our PhD Job Market Candidates

See the Stevens Doctoral Program's current job market candidates—the next generation of researchers who will shape theory and practice in business and beyond.

On November 1 and 2, 2022, the conference gathered diverse doctoral and postdoctoral students from across the country to present their work virtually. Find more details about the upcoming 2023 Rising Scholars event at the MIT Sloan School of Management.

Celebrating 100 Years of Pioneering Research

Since 1920, our faculty, alumni, and students have been driving the evolution of modern research in a wide range of disciplines.

On April 11, 2024, scholars in financial economics gathered to share ongoing research in a series of alumni and student presentations as part of a commemorative event dedicated to our late colleague, Yiran Fan.

Stories from Our Community

Measuring preferences for privacy.

Current PhD student Tesary Lin’s passion for economics and behavioral science has led her to develop a new incentive framework for businesses that want to use consumer data to inform managerial decisions, while respecting consumers’ privacy preferences.

A PhD for Social Impact

A passion for travel, social impact, and wanting to "dig deeper" inspired current student Gülin Tuzcuoğlu to pursue a PhD in operations research.

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Why earning a PhD is an advantage in today’s industry job market

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“Companies don’t want to hire PhDs because they’re overqualified and too independent.”

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Choosing Your Path: The Key Differences Between DBA and PhD Programs in Business

Deciding between a DBA degree and a PhD degree can be a difficult choice for those looking to pursue higher education in business. Though they sound similar, there are some key differences between these business doctorates that you’ll need to consider carefully when plotting your career trajectory. This blog breaks down everything you need to know when choosing between a DBA versus PhD degree.

What is a DBA Degree?

A Doctor of Business Administration (DBA) is a doctoral degree focused specifically on business practice. DBA programs aim to produce graduates with both strong practical business skills and solid research capabilities. The goal is to bridge the gap between academia and the real-world business environment.

What is a PhD Degree?

A Doctor of Philosophy (PhD) is a more traditional, research-focused doctoral degree that delves deep into a subfield or specialization within the business, like marketing, finance, organizational behavior, etc. PhD dissertations require conducting original research that contributes new knowledge or theories to the field. 

Key Differences Between a DBA and PhD

Though they are both terminal degrees in the field of business, there are some notable ways a DBA and a PhD differ:

• Program Focus : DBA programs concentrate on practical business skills and strategy, while PhD programs prioritize research skills and theoretical knowledge.
• Career Outcomes : DBAs most often pursue executive business leadership roles, whereas PhDs tend to take faculty research positions.
• Dissertation Work : DBA dissertations solve real organizational problems; PhD dissertations involve pure academic research.
• Cost : DBA tuition costs less than typical PhD tuition at most universities.

Let’s explore these business doctorate choices and how they impact your career path in more detail:

DBA vs PhD: How They Shape Your Career Trajectory

Choosing between a DBA and a PhD can significantly impact your career path DBA PhD after graduation. It’s essential to thoughtfully weigh your skills, interests, and professional aspirations to determine which business doctorate aligns better with your career objectives.

Career Paths With a DBA

Pursuing a DBA degree is the best choice for working business professionals who want to gain the expertise needed for senior leadership roles. Typical careers include:

• C-Suite Executive Positions – CEO, CFO, CIO, COO
• Functional Leadership Roles – Director of Operations, VP of Marketing, Head of Business Development
• Management Consultancy – Partner, Principal Consultant, Strategy Consultant
• Faculty Positions – Professor of Practice, Executive Professor, Adjunct Faculty

The applied nature of the DBA program curriculum directly prepares graduates to thrive as leaders driving business growth and strategy.

Career Paths With a PhD

Alternatively, the immersive research training of a PhD in business is designed to equip students for academic careers conducting original research and instructing graduate-level business courses, such as:

• Professor – Tenure-Track or Clinical Professor
• Post-Secondary Administration – Dean, Department Chair/Head
• Researcher – Think Tank Scholar, Senior Economist, Quantitative Analyst

While it is possible for some PhDs to transition into industry leadership roles, they generally need more well-rounded practical business education provided in a DBA program.

Tips for Choosing the Right Business Doctorate

As you weigh a DBA versus PhD for your future, keep these tips in mind:

• Reflect deeply on where you see your career in 5-10 years. Let your long-term professional vision guide which rigorous doctoral program makes sense.
• Speak to department heads and professors in each degree program to learn more about the curriculum focus and research opportunities.
• Look for funded PhD opportunities to help offset the higher costs of investing further in your education.
• Leverage your work experience and seek out DBA programs that will count real business projects toward your dissertation.

The Bottom Line

When deciding between investment in a DBA or PhD, moving up the executive ranks or a career shift into academia may come down to following your true passions and talents. If you’re driven by field research and theory, developing seminal thinking as a professor may prove incredibly fulfilling. But if you thrive on strategic decision-making and influencing organizations at a high level, choosing Business Doctorate can fast-track your leadership career.

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DBA vs. PhD: What’s the Difference?

You’ve tackled your undergraduate business degree, and now you’re feeling ready to take your business education one step further. You might be wondering, “Where do I even begin?” If this sounds like you, you’ve come to the right place. When it comes to upper-level business degrees, there are a wide variety of options. Two popular options are the Doctor of Business Administration, or DBA, and the Doctor of Philosophy, or PhD. Both options can be an excellent fit for students who are eager to dive even deeper into the world of academia. In this article, you’ll get a better understanding of the difference between the two degrees and gain some insight as to which degree program is the best fit for you.

What Is a DBA?

A Doctor of Business Administration, or DBA degree, is considered a “terminal degree.” This designation simply means that the degree is the highest level of education one can receive in the business world. These degrees are centered around business education with a major emphasis on management. DBA programs often entail a research component that focuses on real-life business problems. Throughout their studies, DBA students learn to apply various theories in solving real issues faced by today’s businesses. This degree is primarily geared toward individuals who currently hold a master’s degree in business or another closely related subject.

What Is a PhD?

PhD programs are another excellent choice for those wishing to further their education. This is also considered a “terminal degree,” and it is the highest-level research degree that one can obtain. These programs involve rigorous research and extensive study. While you’re likely interested in a PhD degree in the business field, nearly any subject can provide this research-based degree, from science, to humanities, to everything in between. While DBA programs are typically intended for students who hold a master’s degree, PhD programs welcome students after completing a bachelor’s or master’s degree in a related discipline. They are the ideal choice for anyone who might be interested in carrying out research or teaching in an academic institution.

Coursework and Duration: Comparing the Curriculum

While both DBA programs and PhD programs give students a deep understanding of the theories that drive the world around us, they do so in different ways. In a Doctorate of Business Administration program, you’ll focus exclusively on business and management from a practical lens. Application of theory is a major focus, and coursework often provides students with opportunities to put their knowledge into practice by solving real-world business problems. Alternatively, PhD programs are offered in just about any subject one can imagine. They take a more theoretical approach with their curricula, teaching students to understand the “why” and “how” behind both business problems and their solutions.

The typical timeline of these graduate programs differs as well. Since DBA programs are intended for people who already have both a master’s degree and significant work experience, they tend to take less time to complete. Many DBA programs are offered on a part-time schedule, and students can expect to complete their Doctorate of Business Administration in about two to four years. While PhD programs don’t always require as much experience prior to enrolling, they tend to require more time to complete. These research-intense programs usually follow a full-time course schedule with an average completion time that ranges from three to five years.

Practical Experience vs. Thesis Research

The major difference between a DBA education and a PhD education can be summed up as practical vs. theoretical. Students entering into a DBA program typically come with a master’s degree in hand and multiple years of relevant work experience under their belt. As such, DBA programs are designed to expand upon their students’ wealth of prior knowledge and experience. These programs teach students to understand relevant theories and principles of business management, but more importantly, they teach students to apply those theories and principles. DBA programs equip students to bring their education and experience to the table when solving real-world problems.

While DBA students focus on using existing knowledge to solve problems, students in PhD programs work to add new knowledge to the business world. Instead of researching the application of existing theories and principles, PhD students are expected to work on original research, unearthing and exploring new ideas. Thus, PhD programs take a much more theoretical approach rather than a practical one. To put their newly gained insights on display, PhD candidates are usually required to complete a dissertation. Through these lengthy research projects, students demonstrate their knowledge, expand upon their ideas, and showcase their experience.

Career Outcomes of a DBA vs. a PhD in Business Administration

Following completion of their degree, DBA and PhD graduates typically take two different paths when it comes to employment. Much like an MBA, a Doctor of Business Administration prepares students for jobs in both the private and public sector. DBA candidates often go on to work in senior management roles or consulting. Some even choose to open their own businesses. Their practical, hands-on approach ensures that DBA programs leave their graduates well-equipped for these roles.

On the other hand, PhD candidates typically stick to the world of academia following their graduation. They often find work with universities as professors and can even go on to be program directors. Some graduates may also opt to continue expanding upon their research while they teach, sharing their research methods with the next generation of PhD students.

However, as with any degree, the job you’ll find afterward depends on a number of different factors. Your prior work experience and unique strengths gained from both work and the classroom play a big part in determining where you’ll take your talents. Just like your interests and passions will likely guide your choice between DBA and PhD programs, they’ll also guide your job search. External factors do play a role as well. The current job market will decide what specific jobs are available at one time or another, and demand for your specific skill set can determine how well you fit the profile of those available jobs.

DBA or PhD: Which Is Right for You?

Deciding to further your education with a doctorate degree is a huge decision in and of itself. Having to choose between a Doctor of Business Administration and a Doctor of Philosophy might be an even more challenging decision. Each of these programs is considered a “terminal degree,” offering students the highest level of education possible in the field. They provide candidates with advanced training and preparation for high-ranking roles. Whether you opt for a DBA or a PhD program, you’ll be opening doors to a wide range of career opportunities.

To ensure that you make the right choice between the two degrees, you’ll want to take time to think about your career goals. Consider where you are now as well as what you want your career to look like in 5, 10, even 2o years. Do you hope to hold a title as a C-suite executive of a major corporation, calling the shots and leading the teams around you? Or do you hope to be in the classroom, teaching the next generation of business professionals about both new and existing theories in the business industry?

Be sure to spend some significant time weighing out these options, including any accreditation requirements. Once you feel confident in the goals you’ve set, look for programs that are in alignment with the things that are most important to you. Check out the academic career resources and coursework of each program you’re interested in. Give yourself the time and space to carefully consider each of these factors prior to making a decision.

Final Thoughts

Getting a doctorate degree can be an excellent way to take your career to the next level . No matter whether you opt for a DBA or a PhD, these terminal business degrees can make your application stand out among the rest and open doors to previously unattainable job opportunities. DBA programs are a perfect fit for people looking to grow their base of practical knowledge in the field. They prepare graduates to work in upper-level leadership roles within the business environment, solving real problems that companies face on a day-to-day basis. Alternatively, PhD programs are the ideal choice for anyone with an interest in the principles and theories that guide business decisions and outcomes. These programs equip graduates to take on roles in the world of academia, such as research and teaching.

However, before you take the jump into your DBA or PhD, be sure to take time to thoughtfully consider your decision. Use your career goals as a guide, and take the time to research your options thoroughly. Seek out advice from peers in the field, and learn from the stories of others making an impact in the business world, like one Crummer Executive MBA student who has a strong passion for both business and academia.

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12 Career Paths You Can Pursue With a Doctorate in Business Administration

If you are considering earning your DBA online to increase your career possibilities and salary potential, a good starting point is to do a deep dive into the jobs you can get with an advanced business administration degree. 

Online DBA degree programs can enhance the careers of many professionals by equipping them with marketable, high-level skills like data-driven decision making, business intelligence, and ethical leadership. 85% of surveyed professional doctorate graduates say that their degree facilitated a promotion or career change. Additionally, 97% of DBA graduates report receiving a full-time job offer within six months of graduation.

Post-graduate education in business administration can equip you for greater success in your field. Consider 12 of the jobs that a business administration program can prepare graduates to fill. 

Request My Free Marymount DBA Program Guide

Business Consultant

Business consultants — also called management consultants or management analysts — work with corporations and organizations to achieve their specific goals. A consultant may be retained in order to work on a specific company project, such as a reorganization or expansion. Consultants will request and review data and information about the organization then make recommendations for best practices based on what they observe. 

The consultant’s job is often split into two parts that work together: reviewing past information and presenting future plans. Therefore, consultants need to be skilled both in data analysis and in effective communication, so that they can empower their clients to make informed, clear decisions. Graduates of doctorate in business administration degree programs will especially excel at these dual responsibilities.

The Bureau of Labor Statistics projects that management analyst roles will grow by 14% between 2020–2030 , which is faster than the average rate for all occupations. They list a median annual salary of $87,660, however, that is based on bachelor and master’s level management analyst roles as well. The highest 10% of earners in these roles earned over $156,840 per year. 

C-Suite Executive

Professionals who hold a doctorate-level degree in business administration and have many years of relevant experience in their field are equipped to enter c-level roles such as chief executive officer, chief administrative officer, or chief operations officer. These professionals are typically responsible for oversight of many major aspects of a company, including employee teams, budgeting, and projects. 

Executive leadership roles such as c-suite positions are increasingly technical as the marketplace shifts toward higher prioritization of data and metrics. In fact, artificial intelligence, data science, and machine learning technologies are the top three technical skills that are in-demand for C-suite executives. Business administration degrees that emphasize business intelligence are a perfect fit.

The BLS projects 8% growth rate in top executive roles between 2020 and 2030. They list a median annual wage for chief executives of $185,950. 

Economists study data, trends, and economic issues in order to understand various aspects of resource production and distribution. They may conduct surveys, perform statistical analysis, and use various technological tools and software programs to evaluate economic trends. 

Professionals in the economics field will find that a doctorate of business administration enhances their capacity to make interpretations and forecast trends in the marketplace. Their degree program will also strengthen their leadership skills, further empowering them to share their forecasts and predictions with key stakeholders of businesses, organizations, government agencies, or even individuals in order to assist them in making economic decisions.

The BLS lists a median annual wage of $108,350 for economists . However, this estimate includes economists with master’s degrees. Economists with doctoral degrees may have a higher earning potential that is closer to the top 10% of economist’s salaries listed by the BLS, which is higher than $198,230.

Professors who hold a doctorate of business administration are likely to teach classes in a college or university’s business school, and to cover topics like business practices, management skills, or ethical leadership. The day-to-day work of a professor may include meeting with a student to discuss a paper or exam grade, making lesson plans, and conducting a survey that will inform an upcoming scholarly article. 

The BLS projects a 12% growth rate for postsecondary teachers between 2020 and 2030. The median annual wage for these professionals was $80,560 in May 2020. The top 10% earned more than $179,540.

Organizational Development Manager

Organizational development managers determine what types of training and development could help the organization and its employees reach their goals. An organizational development manager may work with both teams and individuals in order to make development plans. Professionals with experience as human resources generalists or training managers who graduate from a doctorate of business administration degree program will find themselves well-suited for roles in organizational development management.

Organizational development managers are responsible for selecting training opportunities that align with the company’s objectives, creating and managing staff development budgets, and evaluating training programs and those who lead them. 

The BLS projects that roles for training and development managers will grow 11% between 2020–2030 , which is faster than the average for all occupations. These professionals earned a median salary of $115,460 in May 2020, with the top 10% of earners receiving over $200,210.

Director of Human Resources

A director of human resources (HR director) may work in any number of business fields. The HR director develops and implements policies, plans and coordinates activities, and oversees various components of organizational staffing. This professional will be responsible for recruitment, hiring, and training of staff members, delivery of performance evaluations, and, when necessary, disciplinary issues including termination. 

HR directors, who typically have years of experience in human resources or a requisite role, often work closely with senior leaders to ensure that the company culture is aligned with the organization’s goals and objectives. They are also involved in various dynamics of company procedures such as compensation, benefits, leave, and occupational health and safety. 

The BLS does not project a growth rate or list an average salary for Directors of Human Resources. However, they project a growth rate of 9% between 2020–2030 for human resources managers, which may shed some light on the subject. According to Built In , the average base salary for an HR director is $140,493 with an average of 432,770 in additional cash compensation, totaling $173,713.

Government Program Manager

Across all branches of the military and dozens of government agencies, skilled leaders with experience and education in workforce planning and leadership are needed to manage people and programs. A program manager in the federal government, for example, may work for the Environmental Protection Agency to develop training programs and conduct strategic planning. A program manager who works for the Equal Employment Opportunity Commission may advise commission leaders, oversee nation-wide programs, and direct policy development.

At the local level, program managers may work for a city or state. They might, for example, be responsible for designing and implementing programs that lead a city’s decarbonization efforts. A program manager in such a position may collaborate with other leaders to create a plan for increasing their area’s use of green energy.

At the federal level, many program manager jobs are ranked as GS-15 according to the General Schedule Pay Scale. That means a salary range of $110,460 - $143,598 per year. As far as the state and local level, Payscale lists the average government program manager salary as $91,657 .

Nonprofit Executive Director

Nonprofit executive directors are the primary leaders of charitable organizations. They are responsible for overseeing programs that align with the organization’s mission and industry best practices. Oftentimes, their roles entail fundraising, strategic planning, and advising the board of directors. Nonprofit directors may have worked in the field for decades, or they may be transitioning from a public or private role into the philanthropic sector. Skills like leadership, strategic planning, and financial management may transition well to a nonprofit executive director role when combined with a doctorate of business administration degree.

The ability to understand the needs of the population the organization serves both through data and relationships are invaluable for such a leader — and makes a doctorate in business administration a great asset. These leaders need to be able to put together and activate staff teams who can accomplish great things with limited resources.

Salaries for nonprofit executive directors tend to vary based on the size of the organization and its budgets. The BLS does not track nonprofit executive director salaries or job projections specifically, but they do state that the average mean salary for top executives in social advocacy organizations was $164,010 as of May 2020 .

Strategic Planner

Strategic planners work to innovate and implement projects, systems, and strategies that improve a company or organizations. They may create and present various plans, or stages of plans, that project years into the company’s future — and outline the steps to take along the way. Graduates of doctorate of business administration degree programs who also have experience in management and analysis are strong candidates for strategic planner roles.

Strategic planners need to have a varied skill set that includes the ability to analyze data, design plans and strategies that address weaknesses, and communicate concepts with key stakeholders.

While it is not an exact match, the management analyst projections and salary listed by the Bureau of Labor Statistics are useful for understanding the possible range for strategic planners. The BLS lists an average median salary of $87,660 for management analysts in May 2020 and a projected job growth rate of 14% from 2020–2030.

Market Research Analyst

Market research analysts monitor and forecast marketplace trends. They work in most fields of industry studying and projecting sales and marketing trends so that the companies they work for can make strategic, data-driven decisions about the products and services they offer. Marketing assistants and account representatives will be strong candidates for a market research analyst career path when they combine their professional experience with a doctorate of business administration degree.

These professionals explore everything from consumer demographics to product demand in order to provide research-based recommendations for marketing, advertising, and sales efforts. They employ statistics, visualizations like charts and graphs, and research methods such as polls, surveys, and focus groups to inform their recommendations. 

The BLS lists an average median salary of $65,810 for market research analysts with 10% of senior market research analyst professionals earning over $127,410. Market research analyst job positions are projected to grow by 22% from 2020–2030.

Project Manager

For graduates of a business administration degree program who enjoy empowering others to learn, grow, and work together effectively, the role of project manager is a great profession to consider. 

A project manager may work as a consultant or work at a company full time to oversee various company projects. Professionals in these positions are often responsible for setting project goals and milestones, collaborating with teams to ensure progress, and assessing projects at various stages. They oversee the timeline and budget, allocate resources, and update key stakeholders.

The BLS lists an annual median salary of $77,420 for project management specialists and business operations specialists, with the top 10% earning $135,220 or more. The BLS expects 9% job growth for management occupations between 2020–2030. 

Logistician

Logisticians analyze data, current events, and company performance to coordinate their company’s supply chain . They typically manage the full life cycle of a product, allocate needed materials, and work with suppliers and customers to create positive outcomes for all involved. The skills developed in a doctorate of business administration degree program can enhance and build upon the abilities of logisticians.

Logisticians may design strategies to improve efficiencies, perform troubleshooting tasks, and work to reduce costs for their company. While most logisticians work in manufacturing, they also find employment in the government, professional services, private corporations, and more. 

The BLS projects a 30% growth rate between 2020–2030 for logisticians , which is much faster than the rate for all occupations. They list a median annual wage of $76,270 for this position, with the highest percent earning more than $122,580. 

Accelerate Your Career with an online Doctorate of Business Administration from Marymount University 

The marketplace needs data-savvy leaders. Through the online Doctor of Business Administration (DBA) in Business Intelligence program at Marymount University Online you can prepare for high-level business management.

Our 100% online DBA program takes less than three years and focuses on applied research that directly correlates to the real-world. Prepare to lead with a DBA in Business Intelligence .

Out-of-State Students

Clinical placement requirements are unique for each state. Please see our list of program offerings by state or contact us to determine whether our programs fulfill your state requirements.

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The baccalaureate degree program in nursing at Marymount University is accredited by the Commission on Collegiate Nursing Education, 655 K Street, NW, Suite 750, Washington, DC 20001, 202-887-6791.

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To proceed with either the BSN to MSN FNP or the BSN to DNP FNP or the BSN to DNP PMHNP or the MSN PMHNP, you are required to have a bachelor’s degree and hold your RN license.

To proceed with either the PMC-FNP or the PMC-DNP or the PMC-PMHNP, you are required to have a master's degree and hold your RN license.

To proceed with the ABSN, you are required to have a bachelor's degree.

If you don’t meet these requirements but would still like further information, please contact us .

To proceed with the EdD in Educational Leadership and Organizational Leadership degree, you are required to have a master’s degree.

If you don’t meet this requirement but would still like further information, please contact us .

To proceed with the Doctor of Business Administration - Business Intelligence degree, you are required to have a master’s degree.

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Is it Possible to Get My PhD After My MBA?

In academia, numerous accomplishments can be achieved. You can earn a dual degree and have expertise in multiple fields, or further your career potential by going back to school . But what about progressing from an MBA to a PhD? 

In regards to higher education, many consider earning a PhD, or doctorate degree, the pinnacle of success. Usually, due to passion for a particular industry or subject, a PhD candidate will spend years of rigorous research to unpack its intricacies and become a leading expert in the field.  At the end of their studies, they are able to finally see their work come to fruition when they receive their doctorate and join alongside other scholars. However, is it typical for an MBA graduate to move onto pursuing their PhD? And is there a specific purpose? Are there different types of PhD programs? What is the difference between a PhD and DBA?

To answer the budding question: yes, you can pursue your PhD after earning your MBA, and choosing to earn a doctorate is entirely up to you and your aspirations. To help you better understand if getting a PhD is the right choice, we look at the path an MBA graduate can take to earn their PhD, one of the higher purposes of a doctorate, and the different types of academic programs. 

What is a PhD, and What is it Used For? 

By definition, a PhD is a Doctor of Philosophy in a particular discipline, which is why it's also referred to as a doctorate. This focus is typically for individuals highly passionate about a specific subject matter, driven by the pursuit to understand it better through rigorous research. A majority of students seeking their PhD are eager researchers, although there are always exceptions, and each carries out years of highly intensive research to conclude their original thesis and earn their doctorate. 

In terms of translating your education into a career, a doctorate can be used in a plethora of fields, especially if one’s thesis is around a wider subject matter and can be a discipline applied to various industries (take organizational development, for example). For those who are passionate about a career in research, a doctoral degree is a perfect fit. Possibly the most popular field for those with a doctorate is a fruitful career in academia, teaching their subject matter to others interested in the same area. Many graduates become faculty members at business schools upon completing their PhD and provide their expertise to their students. Regardless of which industry you choose, you can be assured that a PhD will provide you with numerous opportunities. 

How Long Does it Take to Progress from an MBA to PhD?

The timeframe for earning your PhD can vary depending on program and location. Many countries have varying timelines of how long the completion of a doctoral program will take. In the United States, the average is around 4-5 years of completion after receiving your Master of Business Administration. 

Do You Need an MBA to Get a PhD?

To be accepted into a doctoral program, you must have a master’s degree. It does not have to be a Master of Business Administration, but it does need to be a master’s of some form. Depending on your area of specialization, it could be advantageous to earn your MBA in pursuit of a PhD if you are planning to embark on a career in business upon completion of your doctorate. Additionally, one important aspect to consider is the program itself. It is important to look into a program’s requirements before applying to meet the eligibility criteria. 

The Difference Between a DBA and a PhD 

For those specifically interested in a career in business, a Doctor of Business Administration (DBA) is a highly beneficial doctoral program. A DBA focuses on a broader spectrum of business disciplines, dedicating research toward multiple corporate facets, and practical implementation. On the contrary, a PhD narrows into a specific area of discipline and research, emphasizing theory, and it’s potential implications. While both are heavily centered around research and implementation, a DBA sets business executives and leaders on a path to discover new possibilities for their organizations and businesses. In a way, it allows established business professionals to “trailblaze” the way for new and innovative ideas that can disrupt the market and set a precedent for the future of business.

Get Your MBA or DBA at Pepperdine Graziadio Business School

At Pepperdine Graziadio, we proudly offer degrees to accommodate business professionals at any stage of their lives and careers. Our full and part-time MBA programs are designed to prepare candidates for a successful career in values-based business leadership. All of our MBA programs offer a personalized learning approach executed by our world-class faculty. Each program is characterized by its top-ranked business curriculum that can be coupled with an academic concentration. 

Our Executive Doctor of Business Administration (DBA) program has been carefully designed for the tenured business leader looking to drive groundbreaking innovations. This rigorous program allows candidates to gain in-depth knowledge and finetune their expertise through applied research. Also, executives enjoy learning alongside changemakers in various industries and participating in exclusive opportunities available only to DBA candidates.

Learn more about which programs fit your career aspirations and academic interests.

Learn more about how to achieve your career goals with a degree from Pepperdine Graziadio Business School.

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