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MBA has been a gold standard for business and management professionals to seek for a long time. But, is there any degree that would add more value to an MBA graduate? Have you ever thought of a PhD after MBA?
Yes, you can take your career a step further in the world of business and management by enrolling yourself in a PhD in management. Whether pursuing a role in academics, research, or simply adding more value to your resume, a PhD in management would be an indispensable qualification one can undertake. If you are wondering what you would gain by enrolling in a PhD after MBA, keep reading.
Importance of Business Leaders in Africa
Africa has always had the potential to become the next global super continent, and the day of success is yet to come. Strong business leaders and innovators are pivotal in the growth of any country. One cannot overstate the importance of good leaders as they will utilize the resources and human potential to churn out productivity and goodwill. With nearly 420 million youth aged 15-35 from over 54 countries. One-third are still unemployed. It is estimated that almost 10 million managers must manage these working-class people to effectively improve the continent’s growth.
With rising global needs and the need to reduce reliance in a single country, many multinational conglomerates are looking to base on other countries to diversify their dependence. Good leaders are needed now more than ever to run these companies and suffice the mutually beneficial opportunities.
A PhD in management is a pathway to specialization or even sub-specialization, depending upon the candidate’s MBA. PhD after MBA would allow professionals to tackle specific research areas and answer questions with the potential relevance to the business world. Here are some of the fields of PhD after MBA specializations:
- Decision and analysis sciences
- Ethics and legal studies
- Organizational behavior
- Health care management
- Human resource
- Operations research and management
- Information technology management
Business schools are always in need of highly qualified and tenured business professionals who have a PhD. They require them to engage in research as their school rankings are highly influenced by the number of PhD-qualified faculty. Though a PhD in management is sought after by those interested in an academic or a research career, it is also beneficial to other business and management sectors.
Why Should You Consider a PhD After MBA?
Now you know that you can pursue a PhD after MBA now. You might ask us what the benefits of PhD are after MBA. In that case, let us explain as there are various benefits of PhD after MBA.
- Gain a Competitive Edge over Your Peers
Be it an on-campus or an online PhD in management degree; it becomes an immediate marketable qualification that will give you a competitive edge among your peers in the modern workforce. A PhD will add a layer of credibility which bolsters your expertise in the eyes of a potential or your current employer. A PhD will also help you achieve your career goals irrespective of teaching, research, consulting, or anything else entirely.
- Hone Your Skills and Specialize
With a PhD in management, candidates will be able to hone in on their skills and specialize in the field they are interested in. The degree can also empower you to impact your current role by giving you expertise outside of your organization by providing research projects that may tackle various aspects in other industries. The time and the vast opportunities at hand will allow candidates to define themselves as they see fit.
- Meet Role Models and Network with Specialists
While pursuing a PhD in management, you will have the chance to meet and interact with many industry professionals with similar views, leading to many future collaborations and mutually beneficial business and academic endeavors.
Your classmates will also be your competition and colleagues in the future. Excellent opportunities will present themselves to you via academic conferences, which provide ideal opportunities to meet new like-minded professionals and scholars to expand your network.
- Become a Scholar
Pursuing a PhD is the pinnacle of learning in any given discipline. Students often work with the fringes of understanding and develop on it for others. A PhD will allow one to truly become a thinking man’s scholar beyond the specific knowledge of the discipline, paving the way for other thinkers to lay their foundation in the future.
The scholarly works are not merely limited to transferable knowledge but also research that can transcend many lifetimes. One would write decorations, reviewing articles, and publish in your field’s journals. A PhD in management can aid you places you never conceived possible, advancing you as much a scholar in the most real sense.
- Move up in the Career Ladder
As a PhD graduate, you get the chance to switch to different specialties and move up the career ladder if you are inclined. Many executive board level positions open up to specialized professionals who have the appropriate qualification and experience. Candidates will also serve as prominent consultants of the industry to help organizations develop a definitive well through strategy.
As one can see, the benefits of doing a PhD in management are in abundance; one only has many to gain by opting for a PhD in management as PhD management jobs in the academic and research sector are not the only options on offer to the graduates but also others such as;
Why Should You Consider an Online Management Course?
Online management courses have become the norm in recent times as more and more reputed business schools worldwide have started to offer online management courses for students worldwide.
One can also take up PhD courses in management online from your home’s comfort at a predefined flexible phase. Online PhD in management programs offer students a comprehensive program often based on in-class programs to help students get the most out of their sessions. The classes are set up as per the student’s agreed schedule and the board, allowing them to pursue their PhD in management courses without compromising their job or business.
Careers for Graduates with a PhD in Management
A doctoral degree program in management imparts several skills that can be utilized as a part of a corporate organization, autonomously as a consultant, or even working in the public policy field with the government or an NGO. These are a few of the jobs you might want to pursue following the completion of your program.
After completing your program, you will be well-equipped to become an instructor in the business or management field yourself. You could also enter the private market as a member of a company or as an external consultant brought in to improve processes.
- Management Consultant
Companies seldom need to look for experts who can help them drive further success as they hire business consultants to collaborate with the organization to identify the appropriate business solutions. They may also build relationships with vendors and create programs that can meet a company’s business goals. Consultants can deal with various organizational issues. Still, they will routinely need to be both analytical in their approach to the data and collaborative in dealing with people.
- Business Professor
Business professors work at university level business schools and are typically expected to lecture students in their area of expertise. Professors are also often called upon to perform their independent research to publish in academic journals. A PhD in Management qualifies an individual for instructing students in business at the college level through lectures and the development of appropriate exercises, and the use of regular assessments.
- Policy Analyst
Some of the skills acquired as a part of doctoral work in management are transferable to the public policy field, like data analysis and setting business policies. As a policy analyst, you will be tasked to review, collaborate, and provide feedback with policies and aid in developing new proposals. This role requires analysts to perform an in-depth analysis of both quantitative and qualitative data during policy development.
- Chief Executive Officers
Developing strategic plans for organizations is the prime purpose of the executives. These professionals consider the time required to implement change, the processes involved, and the overall costs. Executives also oversee various departments and cultivate positive relationships throughout the organization to enhance performance.
One of the advantages of the doctorate in management is the ability to enter a wide variety of fields after completing your program. This flexible degree suits both the independent-minded who want to act as consultants or prefer a consistent corporate environment.
- Organizational Change Manager
Many organizations are now hiring change managers. These professionals are innovators who analyze and implement practical and critical organizational changes to improve the business. Change managers are also responsible for helping transition an organization to a new process, technical system, or an entirely new business model.
These professionals are accountable for researching, planning, and implementing a variety of changes. Usually, they organize critical meetings composed of organizational leaders and present their findings backed up by factual research data outlining the benefits the organization will receive if they proceed with the change.
In an academic partnership with the University of Central Nicaragua, Texila American University (TAU) offers an acclaimed online PhD in management. This online PhD course is provided on a par with the regular program. It blends online learning flexibility, coupled with hands-on training to help students meet their professional goals and grow as a thought leader in your chosen field of work.
Why Choose Our Online PhD in Management Course?
Choosing our online PhD in management course is a solid decision on any front. Learn more by reading further:
- The program is crafted to help students develop both professional and personal skills.
- More emphasis is given to developing enhanced scholarly skills through research, publishing articles, and book reviews.
- TAU utilizes and implements various new teaching methodologies and tools that will enhance the student’s learning capacity and abilities.
- Gain the proficiency to become an excellent decision-maker and a thought-leader.
- TAU offers a well-structured, international standard curriculum that is internationally recognized.
- A unique, well-thought-out block-based learning methodology known as BRICS-backed up by a state-of-the-art learning and management system.
- Complete the PhD courses in management with ease with the support of our highly experienced global faculty, student mentors, and academic heads.
- Access to a complete repository of course and supporting materials accessible virtually anywhere or anytime.
- Students are also offered thesis and dissertation support as well as access to e-journals throughout their program duration.
With that, we hope that you now will be able to see what’s next after an MBA and how it can be valuable to your career as a business and management professional. Good luck!