DBA or PhD: Which one should you have and why?
The decision on whether to pursue a DBA or a PhD in Business is an important one that may determine your whole career. Its essence boils down to either theory or practical effect. Making a wrong choice may result in time wastage, an inappropriate career choice, and an insufficient payoff.
DBA is created to work with working professionals and executives. It is application research-oriented and you can use it in solving real business issues, enhancing strategies and being able to lead organizations and still maintain your career.
By comparison, a doctorate in Business is a type of academic degree that focuses on theoretical research, and prepares individuals to work in teaching, publishing, and scholarship.
The difference is clear:
DBA: Applied, flexible, industry-oriented, accelerated (2-4 years) results.
PhD: Research, full-time, long-term, theoretical (47 years) outcomes.
A DBA makes more sense to industry professionals. It enables you to put learning into practice, develop in your organization and have a more accelerated career growth in terms of promotions, consulting and leadership.
A PhD is an honorable degree but one that should be used by anyone wishing to pursue a career in academia or research and not in fast-paced business.
Final Thought
A DBA is not a lesser degree it is a strategic alternative. A DBA provides a shorter, more realistic route to the top, to becoming an innovator and an entrepreneur who can make a difference in business. A PhD develops knowledge; DBA puts it into a practice.
Comments
Post a Comment