Deciding Whether a Business PhD is Right for You
Pursuing a doctoral degree in business requires exceptional effort. A doctoral program is a full-time commitment. There typically are not opportunities to earn your PhD on a part-time basis, especially if you want a full, research intensive doctorate degree. Why? It is due to the rigor of the courses, need to work closely with faculty, and obligations doctoral candidates have to teaching. Programs require many hours on campus working close with faculty in your discipline. PhD programs also include extensive coursework, challenging exams, in-depth data collection, research, and analysis, and detailed reporting. The objective of a doctoral program is to challenge you to your intellectual limits, and fully immerse you in a research environment.
Measure Your Interest in Research and Academia
Business doctoral candidates are inspired by the process of discovery. Most enjoy solving problems and creating correlations between theories and ideas. Here are a few questions you might ask yourself if you are considering a doctoral program in business:
- Are you interested in research?
- Do you enjoy learning and innovating?
- Do you want to teach at a university?
- Do you wish to consult at a higher level?
- Are you able to draw conclusions from data?
- Can you solve complex problems?
If you said yes to one or more of these items, a doctorate in business could be a challenge you might want to consider.
Is a Master's Degree Required to Pursue a Doctoral Degree?
In most instances, no. However, if you do not hold a master's you will likely need a bachelor's degree in a related field, a very high grade-point average in your undergraduate coursework, and a high GMAT/GRE score. Therefore, if you are currently an undergraduate student and know you want to pursue a doctorate in business, you may want to explore whether or not a master's degree is required from your list of preferred schools.