Gear Up for the Evolving Time with a PhD in Business Administration
Almost every person has a vague idea about what being in a business requires. You are likely familiar with terms such as market analysis, human resources, accounting, CEOs, IT, and many more. The people who work in these areas are all business administrators who use their abilities and knowledge to keep a company running profitably and smoothly.
Studying a business management programme can be a thriving first step towards personal development, professional growth, and a lucrative career. You should study this programme for endless reasons, and it offers outstanding further study opportunities. There are several courses to choose from, ranging from bachelor’s to master’s degrees to doctorate degrees. Following are some of the most pursued degrees in business administration –
- BBA
- BA
- MBA
- Post Graduate Diploma in Management (PGDM)
- PhD Business Administration
The most pursued and highest degree after bachelor’s and master’s level is PhD in Business Administration. The degree offers in-depth knowledge and could be a pathway to enter various fields such as accounting, finance, management, marketing, human resources, etc.
PhD Business Administration – An Overview
A Doctorate in Business Administration is a three-five year higher level programme that prepares students to conduct and publish scholarly research in the fields of organisational behaviour, strategy, human resource management and entrepreneurship.
PhD Business Administration is one of the smartest choices for securing a thriving future, as it can open up doors to endless career options. The programme helps students obtain roles that have long-term prospects.
By pursuing this degree, students can develop career-specific skills and knowledge that develop their employability and can help them enter several fields, from corporate to academia. Have a look at the listed reasons why pursuing this degree is the best option –
- Good promotion prospects
- Attractive starting salary
- Networking
- Plenty of diverse job opportunities
- Practice-oriented studies
- Leadership skills
- Learning project management
- Developing essential communication skills
Eligibility for PhD in Business Administration
It is true that the business world is becoming competitive and also needs the young mind to think differently to progress and innovate. This has created a demand for bright business leaders. Applicants want to become role models for the upcoming generation; they just need to do one thing. They need to apply to a dream university from where they can start their doctorate-level education. For that, they just need to know about eligibility for PhD in Business Administration.
Numerous students select PhD Business Administration to gain deep knowledge. There are more than 300+ Indian institutions that offer this course. So, it is difficult for students to check every university’s eligibility for PhD in Business Administration.
Following is the eligibility for PhD in Business Administration that is common in most universities –
- As per the university’s demand, students need to complete a bachelor’s and master’s degree with minimum 45-50% marks.
- Some universities depend upon national and state-level entrance exams. Also, some examinations are based on the university you are applying to.
- Famous entrance examinations for the courses are R-MAT, UGC NET, BITSAT, XAT, etc.
- Some universities also ask for work experience.
- The age limit varies from one university to another.
Scope of PhD in Business Administration
In today’s world, the scope of PhD in Business Administration gives students a chance to stand out from the crowd. It allows them to gain high-salary positions in top-notch organisations.
The scope of PhD in Business Administration boosts candidates’ chances of high salaries if they have good working experience. As per the report, the global management market was valued at $1.25 trillion in 2020 and is predicted to reach $3.43 trillion by 2030, rising at a CAGR of 10.7% from 2021 to 2030.
Almost every PhD Business Administration degree holder pursues this programme to become an excellent researcher and professor. But they can select many other scopes of employment after completing this programme.
Following are some of the best scope of PhD in Business Administration, which will help them earn a five-digit salary easily.
- The Management Consultant’s role is to work with organisation business leaders to identify and tackle new challenges.
- A Chief Executive Officer is responsible for expanding the organisation and driving profitability.
- The Strategy Manager’s responsibility is to determine the organisation’s strengths, weaknesses and opportunities.
- A Market Research Analyst’s responsibility is to collect essential data from several sources and also to predict where the market will go in the future.
- A Quantitative Analyst’s responsibility is to apply statistical and mathematical methods to risk management and financial issues.
As a student pursuing the highest degree, understand the necessary skills and knowledge to work in your dream organisation. Some top organisations are – TATA, CISCO, Microsoft, DELL, Wipro, and many more.
Conclusion
Business administration refers to managing and planning responsibilities for a company, organisation or business. This includes long-term plans, daily operations and projects of a business. The job description of a business administrator may include handling business finances, negotiating, recruiting staff members, dealing with public relations, conducting meetings, and more.
In short, if you want to build a career in academia or corporate, you need to pursue PhD Business Administration. A PhD in Business Administration is an advanced research-based degree program that aims to equip students with the knowledge and skills necessary to conduct rigorous research in the field of business. Students will explore various topics, including management theory, strategy, organisational behaviour, and entrepreneurship. Therefore, it will take you toward rewarding career options.