What Are The Advantages Of Completing Phd Courses In Management?
by Divya S. Content WriterThere are many benefits of completing phd courses
in management. You can
pursue a doctorate degree in a wide range of disciplines in management
including business analytics and retail management. There is almost always a
shortage of management professors, creating career opportunities in a wide range
of fields. It is not just academia, you can also pursue lucrative career
opportunities in other areas.
Explore the benefits of completing management
phd programs for your
future career prospects.
1. Teacher
& Research
This is one of the most readily open and obvious
career options for these completing a PhD program in management. You can seek
career opportunities at both university and college levels. As a PhD student in
various management disciplines, you will have to conduct original research that
enhances knowledge in the specialized field. Among these benefits, you can
expect some of the best remunerations in the industry.
You can pursue research and open up teaching opportunities
for yourselves in different areas including:
·
Human
resources
·
Finance
·
Accounting
·
Quantitative
analysis
·
Information
systems
·
Operations
management
·
Retail
management
And much more.
One of the advantages of pursuing this career
field is that your annual teaching schedule lasts for 9 to 10 months. The rest
of the time comprises of long breaks that can be used for pursuing other areas
of interests. As an educator holding a PhD degree in your specialized field of
management, you will be considered an expert.
2. High
Demand for Management Educators
Not only is a career as a management professor lucrative,
as mentioned above, it also ensures job stability. Management educators are
always in high demand. And the contributing reasons are far more and far reaching
than you can fathom:
·
The economy
continues to grow at a fast pace. As business grows, there is increased demand
for management educators and specialists across the board.
·
More students
are enrolling in management courses than ever before. Most of these students
are seeking to pursue lucrative careers in private sector, especially fueled by
MNCs.
·
There is already
shortage of management faculty, and a significant percentage of it is retiring
at a regular rate.
All these factors have significantly increased
the demand for doctorate degree holders in specialized management fields.
3. Higher
Average Income
There is shortage of management professors and
research academicians. Besides, there is growing demand from different areas of
the economy. Both these factors contribute to higher average salaries for PhD
holders who want to pursue a career in academia or in the commercial employment
sector.
You shouldn’t be surprised to find manage
management professors beginning their career with six figure salaries. Besides,
there are additional opportunities that further increase your income, with examples
including seasonal teaching positions, authorships, consulting, and guest
appearances among others.
4. Career
Opportunities in the Commercial World
As already mentioned, the opportunities for
post-graduate management degree holders lie in many sectors. This includes the
business world too, where specialization in different fields is in high demand.
For example, having pgdm in
retail management can create
endless opportunities for you in an ever-evolving retail sector. Having a
post-graduate qualification in specialized management field can open up opportunities
for you in areas like consulting and investment banking among others. You can
also find the doors getting opened for you in government and international
organizations such as the IMF, WTO, and various planning bodies.
Thus, there are many reasons for completing a
post-graduate degree and pursuing a doctorate degree in management. It is
highly recommended to choose a specialized field such as pgdm in
business analytics that is in
greater demand. It can help you choose more lucrative career opportunities.
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Created on May 13th 2019 01:04. Viewed 431 times.