Ph.D. AFTER MBA | BENEFITS

PH.D. AFTER MBA: The decision to pursue a bachelor’s, master’s, and, if you feel like going any farther in your chosen profession, a doctorate is generally included in higher education. In the broad field of business, individuals who wish to pursue academic pursuits frequently choose for a PhD. A PhD is typically not chosen by working people due to its lengthy duration and more academic application. In light of this, selecting a PhD may necessitate careful consideration if you have just earned your Master of Business Administration. This blog seeks to expound on the benefits of pursuing a PhD after an MBA and how it might propel one’s professional trajectory.

BENEFITS OF PH.D AFTER MBA

A PhD, or doctorate of philosophy, is the highest degree awarded in theoretical fields and is ideal for individuals who want to learn more in-depth information on a certain subject. There are many reasons why pursuing a PhD after an MBA can be advantageous; a summary of some of them is provided below:

• GAIN A COMPETITIVE ADVANTAGE WITH A PH.D. OVER AN MBA

Despite what many would have you believe, a Ph.D. after an MBA allows you to establish yourself outside of academia. You can look at a variety of opportunities in the corporate sector if you don’t think you’d be a good lecturer or professor. Gaining a doctorate with a focus on business or management gives you a profound understanding of the corporate world. Additionally, an MBA offers you a distinct and useful perspective on this field. The amalgamation of these two may be employed by choosing to serve as an analyst or consultant for start-up companies, industry titans, hedge funds, and investment-related enterprises.

• A PREDISPOSITION FOR THE ACADEMIC SETTING

When graduates intend to pursue a career in academia, they often aim to obtain a PhD following their MBA. You can pursue the profile of an assistant professor at the institution itself while receiving mentorship for your research thesis, as this degree requires years of study. Additionally, getting a Ph.D. would make you eligible for a professorship at an academic institution, while certain colleges or universities may require you to pass a teaching exam.

• GAIN EXPERTISE IN RESEARCH TECHNIQUES AND SKILLS.

First of all, a PhD requires a lot of research, and to graduate, candidates must submit their thesis. It pushes academics to go beyond the surface understanding of their profession and explore more deeply into the specialism they have selected. Consequently, having an MBA before pursuing a PhD would mostly depend on your level of research enthusiasm, natural curiosity, and willingness to commit to a longer thesis writing period.

• Ph.D. AFTER MBA | BECOMING A PROFESSOR

Becoming a professor is the most common professional path following a Ph.D. The primary goal of the majority of Ph.D. candidates in business or management is to become academics. Additionally, the majority of research universities favor hiring PhD holders to teach business school courses. You should pursue a Ph.D. after an MBA if your goal is to work at a prestigious university, especially an Ivy League school. This impressive combination, along with a few years of work experience, can make you a strong contender for a lectureship at a business school or university. In summary, around 80% of business PhD post-MBA graduates work as faculty at business schools, while approximately 20% enter the workforce. You will have one of the greatest educational combinations in the world if you pursue a Ph.D. after earning an MBA. Although it may not be the simplest program to enroll in, the rewards will pay off in the long run for your career.

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