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Doctorate in Business Management


The Doctor of Business Management degree may be a possible follow-up to the popular Master of Business Degree, but earning an MBA is not typically a prerequisite for a DBM or DBA in Management. A doctorate in business management may be used to help individuals qualify for post-secondary teaching positions as well as enter the research field. This degree may also be useful for those who aspire to pursue leadership positions in business, the corporate world, or non-profit organizations.

PhD programs in business management may also be available through liberal arts universities, but these programs are slightly different in their approach and curriculum. Most doctoral programs typically take three to seven years to complete, which includes two or three years of full-time coursework and time to complete research and a dissertation. Students' research options may include any of the following:

  • Development of strategic alliances
  • Entrepreneurship
  • General management
  • Innovation
  • Leading globally distributed teams
  • Organizational learning
  • Senior teams
  • Transitioning to professional management from Entrepreneurial (in both international and domestic settings)

Students who are not able to attend school full-time may consider enrolling in executive or part-time programs. Additionally, some schools may offer fully online DBM degree programs. Online DBA or DBM degree programs may allow professionals to keep working to support their families as they invest time and effort into achieving such an ambitious academic goal. Some online programs may have annual residency requirements which may be satisfied by attending professional conferences.

Doctor of Business Management Specializations and Coursework

Because business management is a versatile degree and many areas of businesses may require management, schools may offer students the opportunity to specialize. Specializations can be in any number of areas including:

  • Accounting
  • Finance
  • Global business
  • Human resources
  • Management
  • Marketing
  • Operations

The curriculum for Doctorate of Business Management degree programs may vary by institution, but most are designed so that graduates could have a mastery of advanced business knowledge within an area of their choosing. A comprehensive management education may include some of the following courses:

  • Advanced leadership theory
  • Business Modeling
  • Financial valuations
  • Financial management
  • Global economics and theory
  • Inquiry and quantitative research
  • IS strategic management
  • Multivariate data analysis
  • Organizational change and development
  • Qualitative research
  • Statistics

DBM Careers and Salaries

In general, people who earn the Doctor of Business Management degree may either pursue careers in academia or leadership positions within organizations. Professors' earnings may vary by experience, tenure, institution, and geographic location. A 2008-09 American Association of University Professors survey reported that full-time faculty members earned an average of $79,439. Bureau of Labor Statistics (BLS) data from the same time period indicated annual earnings to be $83,840 for professors of business specifically.

According to BLS (May 2010), the following are additional careers to which individuals with a doctorate in business management may qualify:

  • General managers, $114,490
  • Financial managers, $103,910
  • Chief executives, $176,550

Professional Aspirations for Doctors of Management

One particular doctor of business management graduate has received attention since the early 1980s: Dr. Richard Lesher. For more than twenty years, Lesher served as president of the U. S. Chamber of Commerce. As one of the top advocates of American business, Lesher represented more than 200,000 businesses as president. Additionally, he's published more than 1,000 professional articles.

Publishing articles and research as Lesher did is a very good way for professionals to establish themselves in the industry. Relevant journals include:

  • Journal of Business Management
  • International Journal of Business Management
  • African Journal of Business Management
  • KCA Business Journal

Any doctoral degree may be a significant investment, both financially and personally. People who are considering doctorate degrees in business management should investigate the prospective schools and talk to both current students and recent graduates about their academic experiences. Selecting a school that may meet a student's individual needs can be critical to finishing such a rigorous endeavor as a doctoral program.

 




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