If you’re feeling stuck in your current position, you might consider going back to school. For professionals in business and management, there are several degree options to consider. You may choose to work toward a Master of Business Administration (MBA), for example, or a Doctor of Philosophy (PhD) in a business and management field.
Alternatively, you might consider a Doctor of Business Administration (DBA). A DBA is an ideal choice for those who already hold an MBA, although it’s not strictly necessary to earn an MBA before pursuing a DBA. The DBA degree is also a good choice for professionals who intend to stay in the corporate world rather than transitioning to academia.
Become a Leading Authority in Your Field
A Doctorate in Business Administration is a terminal degree. In other words, there is no higher level of academic achievement. By earning a DBA degree, you set yourself apart from the crowd, demonstrating your advanced knowledge and skills.
To understand the potential impact of a DBA degree more fully, it’s helpful to take a look at the statistics. According to the United States Census Bureau, the overall education level of Americans has risen steadily in recent years. Doctoral degree holders still comprise a very small percentage of Americans compared to those who have a bachelor’s or a master’s degree. It’s clear that doctoral degree holders, such as those with a DBA, have distinguished themselves from the rest. Having earned this degree establishes a unique level of professional standing and authority. A doctoral degree instantly commands respect because of the effort and competence required to earn it.1
Gain Real-World Skills and Knowledge
Now that you understand the potential impact of doctoral degrees in general, it’s time to take a closer look at why a DBA, in particular, is well worth the investment of time and resources. One of the main reasons professionals choose to earn a DBA is that it teaches them effective skills and strategies that are immediately applicable in real-world settings.
The other business doctoral degree option—a PhD—also establishes graduates as authorities in their fields. However, a PhD program emphasizes conducting original research that contributes to the field’s understanding of some specific topic.
In contrast, the DBA is a professional doctorate that explores business and management theories and empowers professionals to apply them in real-world situations. As a result, graduates are fully prepared to tackle the varied challenges that modern organizations face with respect to growth and revenue, leadership, human resources and similar areas.
Expand Your Career Options
Earning a DBA will identify you as a top candidate for a wide range of career opportunities. Many DBA graduates go on to join the distinguished C-suite in a major corporation. Others launch their own business ventures. Whether you choose the public, private or nonprofit sector, the possibilities are vast. Here’s a look at some of the career opportunities you might choose to pursue after graduation:
- Chief executive officer
- Chief innovation officer
- Management analyst
- Market research analyst
- Senior management consultant
These are only a few examples. Throughout the course of your studies in business school, you are likely to identify new interests and opportunities that you may wish to pursue upon graduation.
Increase Your Earning Potential
Not only can a DBA help you get your foot in the door to the C-suite—it can also enhance your earnings potential.2 There is no question that professionals who have achieved advanced degrees have greater earnings potential than those who have not.
When you’re ready to take your career to the next level, Grand Canyon University is here to help you succeed. Explore our many DBA programs, including the Doctor of Business Administration: Data Analytics (Qualitative Research) and Doctor of Business Administration: Marketing (Quantitative Research) programs. Get the details about our business and management degrees by clicking on Request Info above.
1United States Cenus Bureau, Number of People with Master’s and Doctoral Degrees Doubles Since 2000 in October 2020.
2U.S. Bureau of Labor Statistics, Learn more, earn more: Education leads to higher wages, lower unemployment in October 2020.
The views and opinions expressed in this article are those of the author’s and do not necessarily reflect the official policy or position of Grand Canyon University.