PhD in management

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PhD (Doctor Of Philosophy) in management is one of the highest academic degrees awarded in the study of management science. The degree was designed for those seeking academic research and teaching careers as faculty or professors in the study of management at business schools worldwide. [1]

Contents

Ph.D. in management degree

Business doctoral programs

A PhD degree is a doctor of philosophy which can be obtained in many areas of study, while a PhD in management is specific to the study of research questions with potential relevance to the business world. Areas of specialization for the PhD in business often include, but are not limited to the following:

A PhD in management or business is often required for those interested in pursuing an academic career as a professor at a business school. [1] Business schools often require faculty to hold a Ph.D. and to engage in research. [1] Business school rankings are often heavily influenced by the proportion of faculty with Ph.D. degrees or doctorates. [2] Research is fundamental to the integrity of a graduate educational institution. Through research, professors gain the expertise required to teach advanced courses and to ensure that they remain current in his or her chosen field.

Brief history

In the 1950s and 1960s, leading business schools made a transition from vocational training to scientific research, rooted in social sciences, such as economics, psychology, sociology, anthropology, systems engineering, and mathematics. Since then, Ph.D. programs in business prepare candidates to conduct scholarly research based on rigorous methods and applied to business. For example, such research might aim to develop new theory and empirical knowledge about business and management problems by combining methods from economics, psychology and mathematical decision theory. By combining methods from multiple social sciences, business research has developed its own subfields of research, published in business application oriented journals as well as in social sciences journals. [3] [ unreliable source ]

Business research

Research with regard to the study of business encompasses a wide range of activities. There are many research methodologies or "tools" one must learn before being able to conduct research. A Ph.D. program in business will teach one of these various methods. [4] [5] [6]

Research methodologies

Common research methodologies used in studying business are Modeling, Econometrics, Experiments, descriptive and Field Studies.

Program structure

Typically, the PhD in management takes 4–5 years to complete. [1] The structure is usually 2 years of intensive coursework (core courses and seminars) followed by a comprehensive examination. [1] The dissertation phase is typically 2–3 years. [1]

Careers

Becoming a professor of business means investing years of study before obtaining the desired degree, but academia offers many benefits, including attractive salaries, the combination of varied activities in one career, intellectual stimulation as well as professional autonomy. [7] However, following through with a PhD degree can be challenging not only because of the academic rigour but also due to the pressure and stress that comes from conducting research and defending a dissertation. Moreover, once a person obtains a Ph.D., there is no guarantee that even with an offer from a business school, that the Ph.D. student will go on to publish his or her research in a top journal, will be able to teach effectively, or will receive a tenured faculty position.

Still, for those who have the motivation, drive, and stamina to be successful in this field, there are many benefits. The life of a business professor is markedly different from a corporate career. An academic has more time to explore his or her own interests, pursues research, and rarely has a 'nine to five' type of career. Being a professor is much like being an entrepreneur. [8] Success is based on the individual, and faculty are often their own bosses. Beyond being intellectually bright and able to conduct research, professors in business also need to be able to perform in the classroom. Teaching is a fundamental component of being a professor, though most faculty may only teach around 100 hours per year, the classroom setting can be challenging and often involve debate. [9]

Not everyone can be a professor, but for those that have the skills required, it provides an excellent standard of living, with salaries comparable to the corporate world. [8] Consulting, book publishing and speaking engagements can also further add to overall compensation. [8] Academic institutions are often less vulnerable than corporations to forces like global economic downturns. Academia offers much in the way of financial stability. [8]

PhD versus DBA

The PhD in Management is similar to the Doctor of Business Administration (DBA). [10] The PhD is a research doctorate while the DBA is most often considered a professional doctorate or an applied research doctorate for managers. As such, both PhD and DBA programs require students to develop original research leading to a dissertation defense. [11] Furthermore, both doctorates enable holders to become faculty members at academic institutions.

In some cases, as in that of Harvard University, the distinction is solely administrative (Harvard Business School is not authorized to issue PhDs; only the Faculty of Arts and Sciences may do so). [12] In most cases, however, the distinction is one of orientation and intended outcomes. The Ph.D. is highly focused on developing theoretical knowledge, while the DBA emphasizes applied research leading to the practical application of theoretical knowledge. [11] Upon completion, graduates of PhD programs generally migrate to academia, while those of DBA programs reemerge in industry as executives in leading organizations often teaching part-time in undergraduate and graduate programs.

PhD versus Doctor of Management

The Doctor of Management (D.M., D.Mgt.) is a research intensive degree - including coursework, a comprehensive examination, and a research dissertation - which additionally, is "focused on developing the talents, skills and abilities of management-level staff." [13] It is sometimes positioned as "an applied research degree within the study of management," [14] and its coursework thus connects theoretical knowledge and practice, through cognitive, professional, and peer learning. [13] Similar to both the Ph.D. and DBA, a D.M. enables holders to become faculty members at academic institutions." [14] The D.M. was introduced at Case Western Reserve in 1995.

Doctor of Project Management

The Doctor of Project Management (DPM) is a research-oriented professional doctoral degree previously offered by some Australian universities, such as RMIT University in Melbourne. [15] That program was subsumed into the RMIT PhD program around 2012. The DPM had a coursework and thesis components with the coursework being advanced project management topics to prepare candidates for their thesis work. The thesis (monograph) expectation was consistent with that expected of the PhD. Thus, the DPM is of the same academic level as traditional PhD with a research focus on industry practice rather than theoretical framework.

See also

Related Research Articles

Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization.

<span class="mw-page-title-main">Postgraduate education</span> Phase of higher education

Postgraduate education, graduate education, or graduate school consists of academic or professional degrees, certificates, diplomas, or other qualifications usually pursued by post-secondary students who have earned an undergraduate (bachelor's) degree.

A doctorate or doctoral degree is a postgraduate academic degree awarded by universities and some other educational institutions, derived from the ancient formalism licentia docendi.

<span class="mw-page-title-main">Thesis</span> Work by academic candidate

A thesis, or dissertation, is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings. In some contexts, the word thesis or a cognate is used for part of a bachelor's or master's course, while dissertation is normally applied to a doctorate. This is the typical arrangement in American English. In other contexts, such as within most institutions of the United Kingdom and Republic of Ireland, the reverse is true. The term graduate thesis is sometimes used to refer to both master's theses and doctoral dissertations.

The Doctor of Education is a research or professional doctoral degree that focuses on the field of education. It prepares the holder for academic, research, administrative, clinical, or professional positions in educational, civil, private organizations, or public institutions. Considerable differences exist in structure, content and aims between regions.

A Doctor of Science is a science doctorate awarded in a number of countries throughout the world.

The Doctor of Business Administration (DBA) or (DrBA) is a terminal degree in business administration. The DBA is classified as a research doctorate or professional doctorate depending on the granting university and country where the degree was awarded. Academically, the DBA is awarded based on advanced study, examinations, project work, and advanced research in the field of business administration.

Business education is a branch of education that involves teaching the skills and operations of the business industry. This field of education occurs at multiple levels, including secondary and higher education

A Master of Philosophy is a postgraduate degree. An MPhil may be awarded to postgraduate students after completing taught coursework and one to two years of original research, which may also serve as a provisional enrolment for a PhD programme.

The Doctor of Public Administration (D.P.A.) is a terminal applied-research doctoral degree in the field of public administration (a part of public service). The D.P.A. requires significant coursework beyond the masters level and a dissertation that contributes to theory or practice. Upon successful completion, the title of "Doctor" is awarded and the post-nominal letters of D.P.A. or DPA can be used.

A terminal degree is the highest-level university degree that can be achieved and awarded in an academic discipline or professional field. In other cases, it is a degree that is awarded because a doctoral-level degree is not available nor appropriate. The two main types of terminal degrees are academic or professional.

The Doctor of Engineering is a research doctorate in engineering and applied science. An EngD is a terminal degree similar to a PhD in engineering but applicable more in industry rather than in academia. The degree is usually aimed toward working professionals.

The Doctor of Health Administration (D.H.A.) is a doctoral degree focused with the development of theoretical knowledge in health administration and on the applied application of the said knowledge in the field of health administration. The D.H.A. requires significant coursework beyond the master's level and often requires a dissertation or capstone project that contributes to knowledge or practice.

A magister degree is an academic degree used in various systems of higher education.

The Doctor of Management is an applied research doctorate with a degree focus in management, leadership, and organizational topics."

A Doctor of Philosophy is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the degree is most often abbreviated PhD, pronounced as three separate letters.

<span class="mw-page-title-main">University of Western Australia Business School</span>

The University of Western Australia Business School is a business school at the University of Western Australia (UWA). UWA first began teaching Economics in 1912, and the Business School is now home to over 4,929 students. The school has four disciplines: Accounting and Finance; Economics; Management and Organisations; and Marketing.

<span class="mw-page-title-main">Doctor of Law</span> Doctorate in legal studies

A Doctor of Law is a doctorate in legal studies.

The Doctor of Criminal Justice (D.C.J.) is a doctoral degree in the field of criminal justice. As a terminal degree, it prepares the holder for administrative, research, academic or professional positions in the criminal justice field at both public and private institutions.

References

  1. 1 2 3 4 5 6 "Becoming a Business Professor" (PDF). AACSB International. June 2007. Archived from the original (PDF) on July 11, 2009. Retrieved March 25, 2024.
  2. ↑ "Global MBA Rankings 2010". Financial Times. 2010. Archived from the original (PDF) on September 2, 2011. Retrieved March 25, 2024.
  3. ↑ "What is a Ph. D.?" (PDF). The Ph.D. Project. Archived from the original (PDF) on June 11, 2014. Retrieved March 25, 2024.[ unreliable source ]
  4. ↑ "Academic Experience in the PhD Program". Graduate School of Stanford Business. Retrieved March 25, 2024.
  5. ↑ "PhD Course Structure: 2023-2024" (PDF). INSEAD . August 29, 2023. Retrieved March 25, 2024.
  6. ↑ "Management". Columbia Business School . Retrieved March 25, 2024.
  7. ↑ "FAQs". The Ph.D. Project. Archived from the original on December 19, 2014. Retrieved March 25, 2024.
  8. 1 2 3 4 "Quality of Life". Havard Business School. 2009. Archived from the original on August 2, 2009. Retrieved March 26, 2024.
  9. ↑ "Why Academia?". Havard Business School. 2009. Archived from the original on August 2, 2009. Retrieved March 26, 2024.
  10. ↑ "Structure of the U.S. Education System: Research Doctorate Degrees". USNEI. June 2020. Archived from the original (DOC) on July 8, 2023. Retrieved March 26, 2024.
  11. 1 2 "Doctoral (PhD) Programs in Business Administration (DBA)". aacsb.edu. Archived from the original on October 9, 2015. Retrieved March 26, 2024.
  12. ↑ "Admissions & Financial Support: Frequently Asked Questions". Havard Business School. Retrieved March 26, 2024.
  13. 1 2 Burrell, Darrell Norman. "A Degree of Difference: A Doctorate in Management". AASA . Spotlight. Archived from the original on October 2, 2022. Retrieved March 26, 2024.
  14. 1 2 "Which Doctorate Degree Should I Pursue? Ph.D. vs. D.M." Colorado Technical University . Retrieved March 26, 2024.
  15. ↑ Walker, Derek H. T. (April 2008). "Reflections on developing a project management doctorate". International Journal of Project Management. 26 (3): 316–325. doi:10.1016/j.ijproman.2008.01.006. eISSN   1873-4634. ISSN   0263-7863. LCCN   88647684. OCLC   9500603. S2CID   109035015.
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