For many Master of Business Administration (MBA) graduates in South Africa, choosing to pursue a doctoral degree is a major career achievement. A doctoral degree not only offers the potential to advance one’s career but also to remarkably improve earning potential. However, the decision to begin this academic journey is complex, involving various considerations such as the type of doctoral degree to pursue and the difficulties of managing studies alongside work and personal duties, especially for individuals unable to study on a full-time basis.
In this article, we will compare whether a PhD or a doctorate is the better option after completing an MBA and provide tips on how to choose the best academic path for your career.
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Can An MBA Graduate Pursue A PhD Or DBM?
You can definitely continue on to a PhD or DBM after finishing an MBA if you meet the minimum academic requirement, typically around 65%. Many academic institutions may also require you to partake in research that builds upon your master’s studies. It is important to have a clear understanding of the differences between a PhD and a DBM in terms of scope, goals, and prerequisites in order to make a well-informed choice. Let’s take a look at the nature of PhD and Doctorate:
The Nature of a PhD
The Doctor of Philosophy (PhD) degree is a research-intensive qualification requiring original research in a specific field of study. Usually lasting between four and six years, the PhD programme is intended for those who want to become experts in their field and help progress knowledge in their area of study. The PhD programme is ideal for individuals interested in academic or research-focused careers with a strong focus on theoretical concepts.
The Nature of a DBM
The Doctorate of Business Management (DBM) is also a research-based terminal degree and is widely acknowledged worldwide. However, unlike the PhD, the DBM focuses on addressing practical industry challenges through the combination of research, theory, and practice. The DBM typically takes three to six years to complete and is designed for those who want to enhance their expertise, gain recognition as influential thinkers, and make a positive impact on the advancement of creative business strategies and theories. This programme allows scholars to gain a deep understanding of different areas of business, such as human resource development, organisational theory, and strategic management, as well as improve their leadership skills.
PhD VS Doctorate: Which Is Better?
When deciding whether to pursue a PhD or a Doctorate in Business Management (DBM), it is crucial to have a clear understanding of your career objectives. Every degree has specific career uses and advantages. Therefore, it’s important to choose the one that aligns with your future plans.
PhD: Researchers and Academics
- Research Focus: Individuals who have a passion for conducting research and enhancing understanding within their field will find a PhD programme to be ideal.
- Academic Careers: A PhD is very advantageous if you want to pursue a career in academia. It prepares you for positions such as college professor, scholar, and educational counsellor.
- Industry Research: If you are looking to work in research positions in the industry, achieving a PhD will give you the skills required to create innovative solutions and drive major progress.
DBM: Business Leaders and Practitioners
- Practical Application: A DBM is designed for individuals who want to become key-opinion leaders and develop new business practices. It emphasises applying business theories to solve real-world problems.
Note: Key Opinion Leaders (KOLs) are experts in their fields who influence public opinions of various topics, products, or services. They can include celebrities, authors, speakers, or influencers renowned for their ability to shape public opinion.
- Management and Entrepreneurship: If you aim to pursue a career in management or entrepreneurship, a DBM is a better choice. It equips you with advanced skills and knowledge to lead organisations and drive business success.
- Industry Leadership: A DBM prepares you for top leadership roles in various industries, allowing you to influence business strategies and operations at a higher level.
Your choice between a PhD and a DBM depends on your career vision. If you see yourself dedicating your career to research, teaching, and academic contributions, a PhD is the right choice. However, if you are passionate about implementing business strategies, leading organisations, and innovating in the business world, a DBM would be a better fit for your goals.
Tips To Select The Right Doctorate Programme After An MBA
Selecting the right doctoral programme after completing your MBA is a critical choice that can greatly influence your academic and professional path. This process involves carefully considering various factors like matching your research interests with programme offerings, evaluating faculty qualifications, and assessing the institution’s reputation. Let’s look at some practical tips to help manage this decision-making process effectively and find a doctoral programme that fits your career aspirations perfectly.
Research Your Options
Before making a decision, it’s important to thoroughly research universities offering doctoral programs in your field of interest and with good industry reputations. It’s critical to identify a programme that matches your career goals and interests. Additionally, review the eligibility criteria, such as previous academic achievements and research experience, to ensure that you meet the admission requirements for the programme.
Factors to Consider
Beginning a doctoral programme requires a substantial commitment of time and effort, usually extending for six years or more. This involves carrying out extensive research, composing, disseminating, and showcasing discoveries, all of which can be demanding and time-consuming. It is important to consider how you will manage these commitments alongside your professional and personal responsibilities. Getting support from family and employers is essential, as their backing can assist you in effectively handling these duties.
Applying for a Doctorate in Business
The application process for a doctorate in business necessitates an excellent academic background, noteworthy research experience, and the submission of a well-defined research proposal. Prospective candidates must be prepared to invest considerable time and effort into the application process, showcasing their readiness and commitment to furthering their academic studies.
The Level of Time and Effort Needed
Pursuing a doctorate in business management demands time, effort, and dedication, even before the programme starts. It is vital to maintain a clear sense of purpose and motivation throughout the journey, particularly during challenging periods. By fostering the right mindset and focusing on your academic and career objectives, you can achieve your goals and establish yourself as a key opinion leader in your field.
Conclusion
Deciding to pursue a doctoral degree after completing an MBA is a momentous decision that requires careful consideration of your career goals, the nature of the programmes available, and the personal and professional commitment required.
The Doctorate of Business Management programme provided by Regenesys Business School South Africa is a beneficial chance for professionals to progress in their business careers and improve their skills and leadership abilities. By carefully considering your choices and getting ready for the obstacles ahead, you can make a well-informed choice that fits with your future career goals.
PhD vs DBM FAQs
What’s the difference between a PhD and a DBM?
A PhD involves extensive research and focuses on theory and academic careers. A DBM combines research with practical applications to solve real business challenges and improve strategies.
How long does it take to complete a PhD or DBM?
A PhD usually takes 4 to 6 years, while a DBM can take 3 to 6 years, depending on the programme and your progress.
What kind of jobs can I get with a PhD?
PhD holders often work as professors, researchers, or in research roles in industries where they help create new ideas and knowledge.
What are the career options with a DBM?
DBM graduates are prepared for leadership roles in different industries, focusing on applying business strategies, leading teams, and being influential thinkers.
How do I decide between a PhD and a DBM?
Choose a PhD if you love research and want an academic career. Pick a DBM if you prefer using business theories to solve real-world problems and aim for leadership positions.
