Online PhD Programs in Business Administration

Online PhD Programs in Business Administration

online phd in business administration studentEarning a Doctor of Philosophy (PhD) in Business Administration degree is a commitment that comes with plenty of upside, but also requires a hefty amount of planning and foresight to pull off properly. Failing to hammer out of the details now could lead to missed opportunities in both your educational and professional careers later on down the road.

To ensure that you don’t face down this less than stellar outcome, let’s take a moment to look over everything that goes into completing a PhD in Business Administration program.

What is a PhD in Business Administration?

Becoming a PhD in Business Administration recipient is all about meeting the demands of both the academic and practical sides of cutting edge business theory. Members of this community aim to push the boundaries of business and management related research.

Generally, demonstrating this kind of expertise requires the completion of 60 credit hours for those who already lay claim to a master’s degree and 90 credit hours for students coming straight out of an undergraduate program. Traditionally, earning a PhD sets up the recipient for a job in academia, with serving as a full-time professor standing as the overarching goal of this process.

List of Online PhD in Business Administration Programs

Below, I’ve included a list of universities offering PhD in Business programs offered online, as well as related programs such as the Doctor of Business Administration.

Northcentral University

Liberty University

Walden University

Difference between a PhD and DBA

When comparing and contrasting PhD and Doctor of Business Administration (DBA) programs, it’s important to understand the end goals of those who pursue these degrees. PhD candidates traditionally work within academia as professors and department adjudicators, while DBA graduates enter or remain in the professional work as administrative executives and managerial supervisors.

According to the Bureau of Labor Statistics (BLS), you can expect to earn around $97,270 annually after completing a DBA program. Those who fall on the PhD side of the fence can earn up to $114,784 as full-time professors. Naturally, these numbers can vary based on the unique requirements of the job in question, but they do serve as strong indicators that point to healthy compensation for both DBA and PhD recipients.

How do you get a PhD in Business Administration?

Earning a PhD in Business Administration is all about figuring out the path that suits your needs and daily demands. Some students stick to the traditional campus-based route – complete with multiple class meetings a day and standard length semesters.

If that kind of learning experience doesn’t sound too agreeable with your current professional and personal schedule, you can always stick to an online PhD program. This approach allows you to work on your coursework and dissertation at your own pace, all while giving you the flexibility needed to balance this experiential learning with all of the other rigors that come with daily life.

Online PhD in Business Curriculum

business man presenting phd dataSpeaking of coursework, earning a PhD requires covering a wide variety of topics and subjects that span virtually every discipline of the business world.

You can expect to encounter the following curriculum during your pursuit of this degree:

  • Theory of Corporate Finance
  • Marketing Management
  • Derivatives
  • Managerial Computing
  • Econometrics
  • Global Strategic Management

Most doctoral programs require a dissertation, but a growing number of accredited universities offer doctoral programs without a dissertation requirement. Instead, you complete a capstone project.

This list should serve as only a small sample of what to expect once classes start up. To garner a complete breakdown of your future curriculum, you’ll want to reach out to a counselor at your target institution and set up a time to come in and review the program’s specific academic requirements.

Degree Program Concentrations

As with most other post-graduate degrees, earning a PhD in Business Administration doesn’t have to be a “cookie cutter” process.

By delving into a concentration – like the examples listed below – you can differentiate yourself from other degree recipients once you’re ready to enter the professional world:

  • Accounting
  • Marketing
  • Information Systems
  • Finance

Again, reaching out to your target school can ensure that you’re up to speed with all of the potential concentration options awaiting you once you’re ready to sign up for classes.

Doctor of Philosophy Admission Requirements

To earn a spot in this kind of PhD program, you’ll need to get a few things in order before you start submitting applications to your preferred schools. Copies of your undergraduate and master’s degree transcripts, as well as an up-to-date resume or curriculum vitae (CV), gets the ball rolling.

From here, earning your university’s minimum required score on either the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT) comes next. In some cases, you might also need to present professional references or letters of recommendation from supporting faculty members to successfully join an inbound PhD cohort.

Career Outlook and Salary Information

According to the BLS, the career outlook for members of this portion of the PhD community is brighter than it has been in a long time. Specifically, job growth over the next several years projects to an above average rate of 19 percent. This means that not only can serving as a professor provide you with ample compensation – between $73,320 and $114,784 annually – you can also except to enter one of the more open and accepting job markets in the economy.

Is a PhD in Business Administration worth it?

However, deciding upon the pursuit of a PhD in Business Administration requires going beyond your projected salary. Is this decision part of a greater employee enrichment program offered up by your current employer? Perhaps you simply want to test your skills and reach the highest academic echelons? Figuring out what truly motivates you now can ensure that you make the right call when the time comes to submit your application and get to work on your PhD in Business Administration.

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