How A Ph.D. Program Can Help You In Your Career?

by Divya S. Content Writer

Ph.D. in Management

Management is one of the areas of study that can help in making a career in any sector. Every single area of work requires management. Whether it is a manufacturing unit, a retail store, a hospital, a hotel, or a bank; management is essential for all organizations. Management professionals who are well-qualified and experienced are in great demand. To get an entry into a management profession, one can do a post-graduate program like an MBA or a pgdm in retail management or any other such specialization. Such programs would help a person enter the management profession.

However, if one wants to excel in the management profession, then one of the qualifications that would be very handy is the Ph.D. This is a post-graduate doctoral program where a candidate does research and is awarded a doctorate degree for having completed the research. Most people feel that doing phd courses in management is only for those who want to take up teaching. This is not the case, as a Ph.D. holder can look forward to excellent career options in business.

Ph.D. for an academic career

If you are interested in pursuing a career in academics, then the Ph.D. program would be perfectly suited for you. To teach management a PG qualification is usually sufficient. A pdgdm in business analytics would allow you to teach this subject. But to teach MBA students and to advance in an academic career, a Ph.D. would be required. New regulations make it mandatory for all University and college teachers to get a Ph.D. by 2021.

If you are serious about a teaching career, where you can also pursue research in management related areas, then you can do a Ph.D. With a doctorate degree, you can look forward to being a professor after some years of experience. Ph.D. holders can advance in aneducational institution and rise to the ranks of the Dean, Director, or even the Vice-Chancellor of the University. The knowledge and the research-orientation that the Ph.D. program imbibes in a candidate, will help in succeeding in academics.

How Ph.D can help in non-academic careers?

Most people feel that management phd programs are useful only for academicians. The corporate sector also welcomes doctoral degree holders. Apart from the regular work in the area of specialization, doctoral degree holders would add value in strategic planning in an organization. A doctoral degree allows a person to acquire problem-solving and analytical skills that are much needed in the management sector at the top levels.

Consulting is another area where Ph.D. holders would be of value to organizations. Consultants play an advisory role and understand the problem areas in a company or a department. They then help in providing solutions for the problems and devising strategies to implement the solutions. Top organizations employ consultant in Information Technology, Business Analytics, Strategic Management, and such areas. A doctoral degree holder in management can also work for a top consulting company, where he/she can get a chance to work in different companies from different sectors. This would be an enriching experience.

The principal benefit of doing a Ph.D. program is that it would give you advanced skills that you can apply in your job and add value to the organization you work for.