PhD in Management
Encyclopedia
A PhD in management is synonymous with a PhD in business or a business doctorate and is the highest degree awarded in the study of business. 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.
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 business, then segmented into areas of specialization.
Areas of specialization for the PhD often include, but are not limited to:
A PhD in management or business is often required for those interested in pursuing an academic career as a professor at a business school. Business schools often require faculty to hold a Ph.D. and to engage in research. Business school rankings are often heavily influenced by the proportion of faculty with Ph.D. degrees or doctorates. 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.
, 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.
, Econometrics
, Experiments, and Field Studies.
to cover living expenses.
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 (bad link – ). 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.
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. Consulting, book publishing and speaking engagements can also further add to overall compensation. Academic institutions are often less vulnerable than corporations to forces like global economic downturns. Academia offers much in the way of financial stability.
instead of a PhD in management, as PhD graduates are trained with an emphasis on research that helps to understand organizations, more than on actually leading organizations.
Business doctoral programs
A PhDPHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
is a doctor of philosophy
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
which can be obtained in many areas of study, while a PhD in management is specific to the study of business, then segmented into areas of specialization.
Areas of specialization for the PhD often include, but are not limited to:
- Accounting
- Corporate secretaryship
- Decision sciences (decision theoryDecision theoryDecision theory in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision...
and decision analysisDecision analysisDecision analysis is the discipline comprising the philosophy, theory, methodology, and professional practice necessary to address important decisions in a formal manner...
) - EconomicsEconomicsEconomics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
- EntrepreneurshipEntrepreneurshipEntrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
- EthicsEthicsEthics, also known as moral philosophy, is a branch of philosophy that addresses questions about morality—that is, concepts such as good and evil, right and wrong, virtue and vice, justice and crime, etc.Major branches of ethics include:...
and legal studies - FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
- Health care management
- MarketingMarketingMarketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
- Marketing PhD programMarketing PhD Program-Introduction to a Marketing PhD Program:A PhD in Marketing, like many other PhD programs in business, is a Doctoral degree program that primarily prepares its students for scholarly careers at a Business school. Graduates of a PhD in marketing often go on to take up positions in academia as...
- Marketing PhD program
- Organizational behavior
- TechnologyTechnologyTechnology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...
and operations researchOperations researchOperations research is an interdisciplinary mathematical science that focuses on the effective use of technology by organizations... - StatisticsStatisticsStatistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....
- StrategyStrategyStrategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked...
A PhD in management or business is often required for those interested in pursuing an academic career as a professor at a business school. Business schools often require faculty to hold a Ph.D. and to engage in research. Business school rankings are often heavily influenced by the proportion of faculty with Ph.D. degrees or doctorates. 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 economicsEconomics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, psychology
Psychology
Psychology is the study of the mind and behavior. Its immediate goal is to understand individuals and groups by both establishing general principles and researching specific cases. For many, the ultimate goal of psychology is to benefit society...
, sociology
Sociology
Sociology is the study of society. It is a social science—a term with which it is sometimes synonymous—which uses various methods of empirical investigation and critical analysis to develop a body of knowledge about human social activity...
, anthropology
Anthropology
Anthropology is the study of humanity. It has origins in the humanities, the natural sciences, and the social sciences. The term "anthropology" is from the Greek anthrōpos , "man", understood to mean mankind or humanity, and -logia , "discourse" or "study", and was first used in 1501 by German...
, systems engineering
Systems engineering
Systems engineering is an interdisciplinary field of engineering that focuses on how complex engineering projects should be designed and managed over the life cycle of the project. Issues such as logistics, the coordination of different teams, and automatic control of machinery become more...
, and mathematics
Mathematics
Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...
. 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
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, psychology
Psychology
Psychology is the study of the mind and behavior. Its immediate goal is to understand individuals and groups by both establishing general principles and researching specific cases. For many, the ultimate goal of psychology is to benefit society...
and mathematical decision theory
Decision theory
Decision theory in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision...
. 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.
Business research
Research with regards 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 PhD program in business will teach you these various methods .Research methodologies
Common research methodologies used in studying business are: ModelingBusiness model
A business model describes the rationale of how an organization creates, delivers, and captures value...
, Econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
, Experiments, and Field Studies.
Schools offering a PhD in management
There are many schools offering business doctoral degrees, some of them are:- Arizona State UniversityArizona State UniversityArizona State University is a public research university located in the Phoenix Metropolitan Area of the State of Arizona...
- Adamson UniversityAdamson UniversityAdamson University is a private university Catholic university in Manila, Philippines, founded on June 30, 1932 by Greek immigrant George Lucas Adamson as the Adamson School of Industrial Chemistry...
- Bocconi
- Boston UniversityBoston UniversityBoston University is a private research university located in Boston, Massachusetts. With more than 4,000 faculty members and more than 31,000 students, Boston University is one of the largest private universities in the United States and one of Boston's largest employers...
- Carnegie Mellon UniversityCarnegie Mellon UniversityCarnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
- Case Western Reserve UniversityCase Western Reserve UniversityCase Western Reserve University is a private research university located in Cleveland, Ohio, USA...
- City University of New YorkCity University of New YorkThe City University of New York is the public university system of New York City, with its administrative offices in Yorkville in Manhattan. It is the largest urban university in the United States, consisting of 23 institutions: 11 senior colleges, six community colleges, the William E...
- Claremont Graduate UniversityClaremont Graduate UniversityClaremont Graduate University is a private, all-graduate research university located in Claremont, California, a city east of downtown Los Angeles...
- Drucker School of Management - Clemson UniversityClemson UniversityClemson University is an American public, coeducational, land-grant, sea-grant, research university located in Clemson, South Carolina, United States....
- Columbia Business SchoolColumbia Business SchoolColumbia Business School is the business school of Columbia University in Manhattan, New York City. It was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students...
- Conservatoire National des Arts et MétiersConservatoire National des Arts et MétiersThe Conservatoire National des Arts et Métiers , or National Conservatory of Arts and Crafts, is a doctoral degree-granting higher education establishment operated by the French government, dedicated to providing education and conducting research for the promotion of science and industry...
- De La Salle Araneta University
- Sant'Anna School of Advanced StudiesSant'Anna School of Advanced StudiesThe Sant'Anna School of Advanced Studies of Pisa is a special-statute public university located in Pisa, Italy, operating in the field of applied sciences....
- Cornell UniversityCornell UniversityCornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...
- ESADEESADEThe Escuela Superior de Administración y Dirección de Empresas is a college associated with the Ramon Llull University located in Barcelona, Spain. ESADE is composed of three departments; the ESADE Business School, the ESADE Executive Language Center and the ESADE Law School...
Business school, Barcelona - ESSECESSECESSEC is one of the foremost business schools and Grandes Écoles in France and one of Europe’s top business schools. It was created by Jesuits in 1907 and was originally located in the heart of Paris, next to the University of Paris II: Panthéon-Assas, rue d'Assas...
Business School,Paris - ESC Rennes School of BusinessEcole Supérieure de Commerce de RennesESC Rennes School of Business or École Supérieure de Commerce de Rennes is a French business school located in Rennes, the capital of Brittany. This modern international business school was founded in 1990 by the Chamber of Commerce and Industry of Rennes and cooperates closely with the local...
- Georgia Institute of TechnologyGeorgia Institute of TechnologyThe Georgia Institute of Technology is a public research university in Atlanta, Georgia, in the United States...
- George Washington UniversityGeorge Washington UniversityThe George Washington University is a private, coeducational comprehensive university located in Washington, D.C. in the United States...
- Grenoble Ecole de ManagementGrenoble école de managementGrenoble Ecole de Management also known as Grenoble EM or Grenoble School of Management, was founded in 1984 by the local chamber of commerce...
- Haas School of BusinessHaas School of BusinessThe Walter A. Haas School of Business, also known as the Haas School of Business or simply Haas, is one of 14 schools and colleges at the University of California, Berkeley....
- Harvard Business SchoolHarvard Business SchoolHarvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
- ESCP Europe
- IE Business School
- Innsbruck University School of Management
- INSEADINSEADINSEAD is an international graduate business school and research institution. It has campuses in Europe , Asia , and the Middle East , as well as a research center in Israel...
- International Academy of Management and EconomicsInternational Academy of Management and EconomicsInternational Academy of Management and Economics or I/AME is a private, non-sectarian, degree-granting business school in Makati City, Philippines.-History:...
- Krannert School of ManagementKrannert School of ManagementThe Krannert School of Management is Purdue University's school of management. The school was established in 1962 as the Krannert School of Industrial Administration with a $2.7 million endowment from Herman & Ellnora Krannert....
- Mines ParisTech
- London Business SchoolLondon Business SchoolLondon Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
- London School of Economics and Political Science
- Manchester Business SchoolManchester Business SchoolManchester Business School is the largest department of the University of Manchester in Manchester, England. According to Bloomberg Business Week's ranking of the world's best business schools the MBS MBA is ranked third in the world...
- McGill UniversityMcGill UniversityMohammed Fathy is a public research university located in Montreal, Quebec, Canada. The university bears the name of James McGill, a prominent Montreal merchant from Glasgow, Scotland, whose bequest formed the beginning of the university...
- New York UniversityNew York UniversityNew York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
- Northwestern UniversityNorthwestern UniversityNorthwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
- Paris Dauphine University
- Queensland University of TechnologyQueensland University of TechnologyQueensland University of Technology is an Australian university with an applied emphasis in courses and research. Based in Brisbane, it has 40,000 students, including 6,000 international students, over 4,000 staff members, and an annual budget of more than A$750 million.QUT is marketed as "A...
- Rotterdam School of ManagementRotterdam School of ManagementRotterdam School of Management, Erasmus University is the international business school of the Erasmus University Rotterdam located in Rotterdam, Netherlands...
- Simon Fraser UniversitySimon Fraser UniversitySimon Fraser University is a Canadian public research university in British Columbia with its main campus on Burnaby Mountain in Burnaby, and satellite campuses in Vancouver and Surrey. The main campus in Burnaby, located from downtown Vancouver, was established in 1965 and has more than 34,000...
- Solvay Brussels School of Economics and ManagementSolvay Brussels School of Economics and ManagementThe Solvay Brussels School of Economics and Management is an economics and management school and a Faculty of the Université libre de Bruxelles, in Brussels, Belgium.-History:...
- Stanford UniversityStanford UniversityThe Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
- University at Buffalo,The State University of New YorkUniversity at Buffalo, The State University of New YorkUniversity at Buffalo, The State University of New York, also commonly known as the University at Buffalo or UB, is a public research university and a "University Center" in the State University of New York system. The university was founded by Millard Fillmore in 1846. UB has multiple campuses...
- University of Twente
- UCLA Anderson School of Management
- University of California at Berkeley
- University of ChicagoUniversity of ChicagoThe University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
- University of Edinburgh Business SchoolUniversity of Edinburgh Business SchoolThe University of Edinburgh Business School is the business school of the University of Edinburgh, Scotland. The university has offered business education since 1918, and the MBA degree since 1980...
- University of Houston, Bauer College of BusinessBauer College of BusinessThe C.T. Bauer College of Business is the business school of the University of Houston and is fully accredited by the AACSB International. It offers B.B.A., M.B.A., MS Accountancy, MS Finance, and the Houston metropolitan area's only Ph.D...
- University of BallaratUniversity of BallaratThe University of Ballarat is a dual-sector university in Ballarat, Victoria, Australia. It was formed by the passage of an Act of the Victorian Parliament in 1994, from the Ballarat College of Advanced Education...
- University of LausanneUniversity of LausanneThe University of Lausanne in Lausanne, Switzerland was founded in 1537 as a school of theology, before being made a university in 1890. Today about 12,000 students and 2200 researchers study and work at the university...
- University of ManitobaUniversity of ManitobaThe University of Manitoba , in Winnipeg, Manitoba, Canada, is the largest university in the province of Manitoba. It is Manitoba's most comprehensive and only research-intensive post-secondary educational institution. It was founded in 1877, making it Western Canada’s first university. It placed...
- University of Maryland, College ParkUniversity of Maryland, College ParkThe University of Maryland, College Park is a top-ranked public research university located in the city of College Park in Prince George's County, Maryland, just outside Washington, D.C...
- University of Maryland, University College
- University of MichiganUniversity of MichiganThe University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
- University of Nebraska at Lincoln
- University of Texas, Dallas
- University of Texas Pan American
- University of North TexasUniversity of North TexasThe University of North Texas is a public institution of higher education and research in Denton. Founded in 1890, UNT is part of the University of North Texas System. As of the fall of 2010, the University of North Texas, Denton campus, had a certified enrollment of 36,067...
- University of PennsylvaniaUniversity of PennsylvaniaThe University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
- University of Southern CaliforniaUniversity of Southern CaliforniaThe University of Southern California is a private, not-for-profit, nonsectarian, research university located in Los Angeles, California, United States. USC was founded in 1880, making it California's oldest private research university...
- University of St. GallenUniversity of St. GallenThe University of St. Gallen is a public research university located in St. Gallen, Switzerland. It is specialized in the fields of business administration, economics, law, and international affairs. The University of St. Gallen is also known as HSG, which is an abbreviation of its former German...
- Washington State UniversityWashington State UniversityWashington State University is a public research university based in Pullman, Washington, in the Palouse region of the Pacific Northwest. Founded in 1890, WSU is the state's original and largest land-grant university...
- Washington University in St. LouisWashington University in St. LouisWashington University in St. Louis is a private research university located in suburban St. Louis, Missouri. Founded in 1853, and named for George Washington, the university has students and faculty from all fifty U.S. states and more than 110 nations...
- Walden UniversityWalden UniversityWalden University is a private, for-profit, specialized distance learning institution of higher education. Headquartered in the Mills District in Minneapolis, Minnesota, Walden University offers Bachelor of Science, Master of Science, Master of Business Administration, Master of Public...
- Virginia Polytechnic Institute and State UniversityVirginia Polytechnic Institute and State UniversityVirginia Polytechnic Institute and State University, popularly known as Virginia Tech , is a public land-grant university with the main campus in Blacksburg, Virginia with other research and educational centers throughout the Commonwealth of Virginia, United States, and internationally.Founded in...
- Shanghai Jiao Tong University
- Sharif University of TechnologySharif University of TechnologySharif University of Technology is a university of higher education in technology, engineering and physical sciences in Tehran. Sharif University of Technology is one of the most prestigious universities in the country, and is considered Iran's MIT...
- University of MindanaoUniversity of MindanaoThe ' is the largest private, non-sectarian university in Mindanao located in Davao City on the Southern Philippine island. Established in 1946, the University of Mindanao has ten branches spread over thirteen campuses in Southern Mindanao. It is currently an Autonomous Status per CEB Resolution...
- University of Management and TechnologyUniversity of Management and TechnologyThe University of Management and Technology is a modern private-sector university located in Lahore, Pakistan. UMT is a government-chartered university and is recognized by the Higher Education Commission and Pakistan Engineering Council . UMT is a project of ILM Trust...
- Tamil Nadu Agricultural UniversityTamil Nadu Agricultural UniversityTamil Nadu Agricultural University came into being on June 1, 1971. However, it had its genesis from establishment of an agricultural school at Saidapet, Chennai, Tamil Nadu, in 1868 and was later relocated at Marudamalai Road in Coimbatore....
Program structure
Typically, the PhD in management takes 4–5 years to complete. The structure is usually 2 years of intensive coursework (core courses and seminars) followed by a comprehensive examination. The dissertation phase is typically 2–3 years.Funding and scholarships
Most PhD programs will offer accepted candidates a tuition waiver along with a stipendStipend
A stipend is a form of salary, such as for an internship or apprenticeship. It is often distinct from a wage or a salary because it does not necessarily represent payment for work performed, instead it represents a payment that enables somebody to be exempt partly or wholly from waged or salaried...
to cover living expenses.
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. 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 PhD, there is no guarantee that even with an offer from a business school, that the PhD 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 (bad link – ). 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.
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. Consulting, book publishing and speaking engagements can also further add to overall compensation. Academic institutions are often less vulnerable than corporations to forces like global economic downturns. Academia offers much in the way of financial stability.
PhD versus DBA
Prospective students interested in a career in industry (non-academic) should consider a DBADoctor of Business Administration
The degree of Doctor of Business Administration, abbreviated, or and equivalent to , is a research doctorate in business administration. The D.B.A...
instead of a PhD in management, as PhD graduates are trained with an emphasis on research that helps to understand organizations, more than on actually leading organizations.
External links
- Docnet: a consortium of business doctoral programs aimed at creating awareness about schools offering the degree, admissions and career advice for prospective students and general information on becoming a business professor.