is dba equal to phd

• DBA vs PhD – Differences Explained
• Types of Doctorates

Is a DBA and PhD Equivalent?

A  Doctor of Business Administration  (DBA) is equivalent to a  Doctor of Philosophy (PhD); however, there are fundamental differences between these two doctoral degrees. These differences are nearly always at the centre of DBA vs PhD discussions, and they stem from the intended career path of the student following their degree.

A PhD focuses on the ‘ theory ’ underpinning business management, whereas a DBA focuses on the ‘ practical ’ concepts. Those who complete a PhD in business management usually do so as they wish to pursue a career in research or academia. Those who complete a DBA do so as they want to pursue a more advanced role in the business industry or within their organisation.

What Is a PhD?

A PhD is a doctorate degree and is the highest postgraduate qualification awarded by universities. It involves undertaking original research in a narrow subject field and typically takes 4 years to complete.

A PhD in Business Administration provides an individual with a specialised and research-based background for a topic in the business management field. This is one of the key reasons it’s sought after by those who wish to work in business-related academia or research.

What Is a DBA?

A  Doctor of Business Administration (DBA) is a business-orientated professional doctorate. Like a PhD, it is the highest-level postgraduate qualification which you can obtain from a university.

The degree programme focuses on providing practical and innovative business management knowledge which can apply to any workplace. DBAs are designed for experienced practitioners such as senior managers, consultants and entrepreneurs who want to further their practical abilities.

This form of doctorate was first introduced as a way of allowing a distinction to be made between experienced practitioners and expert practitioners. The doctorate is an equal alternative to a traditional PhD and is an advanced follow-up for a  Master’s in Business Administration  ( MBA ).

Research Scope

A noticeable difference between a PhD and a DBA is the research topic. A PhD candidate selects a research project of theoretical value to the academic environment. A DBA candidate selects a research project which has a practical application to the business environment.

This means that while the research topic for a PhD will centre around a gap in knowledge of existing theories, the topic for a DBA will usually focus on developing a new theory or innovatively improving an existing one.

DBA students typically choose research topics based on real-life scenarios they are facing or have faced. This is contrary to a PhD student where their research topic usually centres around a topic they don’t have first-hand experience in.

Programme Structure

A PhD usually takes 4 years to complete while a DBA degree takes between 4 – 7 years to complete, with most students requiring 6 years.

Due to DBA students being working professionals, nearly all DBA degree programmes are part-time courses carried out under a ‘distant learning’ arrangement. This is opposite to PhD programmes where most are offered as full-time projects which require extensive amounts of physical presence on the university’s campus.

Another difference in the programme between PhDs and DBAs is that PhDs have no taught components, while DBAs have a significant number of taught components .

Due to these taught components, DBA programmes are split into two sections . The first section is 2 years long and covers the taught elements of the degree and involves completing coursework. A wide range of specialist business management topics are covered, such as market theory , resource partitioning , and organisational development . These first two years provide you with advanced business knowledge and develop your research and analytical skills to prepare for your individual research project. The remaining 2 to 5 years is for you to undertake your individual research project; this is the second section.

As part of your research project, you will have to produce a thesis . The thesis will outline your methods and results and include a discussion of your research findings. Although the word count will vary for each university, most use an upper word count of around 60,000 words. Besides this, you will also need to defend your work during an oral examination known as a ‘ viva voce ’.

During your degree, you’ll likely have several opportunities to present your research at conferences, universities and related organisations.

Tuition Fees

To fairly represent the two sections of DBA programmes, universities usually adopt two sets of annual tuition fees. These fees vary widely between universities:

• The first set covers the first two years of the programme and is typically between £13,000 – £30,000 per year.
• The second set of annual tuition fee covers the remaining years and generally is between £4,000 – £9,000 per year.

The reason for this difference in fee is that the first two years will heavily utilise the university’s resources and a professor’s time to deliver the taught modules.

In contrast, the average cost of a full-time PhD is fixed throughout its full duration and is typically around £4,700 per annum. Given this difference in tuition fee and programme duration, a DBA is approximately two to three times more expensive than undertaking a PhD.

Besides having a greater reliance on a university’s resources, another reason DBA programmes cost more than a PhD is because of the differences in the students undertaking them. A PhD student is usually a young individual who has just completed a Master’s degree and has little to no working experience. On the opposite side of the spectrum, a DBA student will be an older individual with up to 10 years of professional working experience, and will likely still be working alongside their studies. As a result, universities can set a higher tuition fee due to DBA students being financially stronger.

Funding Opportunities

Compared to PhD programmes, DBAs don’t have as much access to funding opportunities.

DBA students can apply for Doctoral Loans or try to secure funding from external sources. The most accessible source of these external sources will always be their employer. While their employer may not cover the full tuition fees, they may subsidise part of it and help supply you with data and other resources you may need.

Entry Requirements

As DBAs are intended for experienced practitioners, you will be expected to have significant experience in your field. Although the entry requirements will differ between universities, most business schools will require you to have at least ten years of professional work experience with at least five years in a senior management or leadership position.

Most universities will also require you to have a Master’s in Business Administration (MBA) or an equivalent Master’s degree in a business management subject. Depending on the strength of your bachelor’s degree and the significance of your professional working experience, you could still be enrolled into a DBA programme without a relevant Master’s degree; however, you will need to demonstrate why you are a strong DBA candidate.

As part of your application, most universities will also require you to prepare and submit a short research proposal. A research proposal outlines the ‘what, why and how’ of your intended research project.

Similar to PhD programs, you will need to meet English language requirements should English not be your first language. These requirements are usually:

• a minimum overall IELTS score of 7.0, with no less than 6.5 in each component,
• a minimum overall Pearson Test of English (PTE) of 70, with no less than 62 in each component.

PhD vs DBA Salaries

Typically, DBA graduates earn more than business management PhD graduates. This is because a DBA focuses on the practical applications of business management, and as such, what students learn can be applied in professional practice in their industry.

Due to this practical aspect, a DBA graduate becomes well suited for top leadership positions such as Operation Managers , Managing Directors and CEOs .

On the other hand, a PhD provides graduates with applied research skills and the ability to theorise, understand and develop business management concepts. This makes them better suited for a research or academic career. These positions attract less pay compared to leadership roles in large organisations.

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DBA vs. PhD: What’s the Difference?

You’ve tackled your undergraduate business degree, and now you’re feeling ready to take your business education one step further. You might be wondering, “Where do I even begin?” If this sounds like you, you’ve come to the right place. When it comes to upper-level business degrees, there are a wide variety of options. Two popular options are the Doctor of Business Administration, or DBA, and the Doctor of Philosophy, or PhD. Both options can be an excellent fit for students who are eager to dive even deeper into the world of academia. In this article, you’ll get a better understanding of the difference between the two degrees and gain some insight as to which degree program is the best fit for you.

What Is a DBA?

A Doctor of Business Administration, or DBA degree, is considered a “terminal degree.” This designation simply means that the degree is the highest level of education one can receive in the business world. These degrees are centered around business education with a major emphasis on management. DBA programs often entail a research component that focuses on real-life business problems. Throughout their studies, DBA students learn to apply various theories in solving real issues faced by today’s businesses. This degree is primarily geared toward individuals who currently hold a master’s degree in business or another closely related subject.

What Is a PhD?

PhD programs are another excellent choice for those wishing to further their education. This is also considered a “terminal degree,” and it is the highest-level research degree that one can obtain. These programs involve rigorous research and extensive study. While you’re likely interested in a PhD degree in the business field, nearly any subject can provide this research-based degree, from science, to humanities, to everything in between. While DBA programs are typically intended for students who hold a master’s degree, PhD programs welcome students after completing a bachelor’s or master’s degree in a related discipline. They are the ideal choice for anyone who might be interested in carrying out research or teaching in an academic institution.

Coursework and Duration: Comparing the Curriculum

While both DBA programs and PhD programs give students a deep understanding of the theories that drive the world around us, they do so in different ways. In a Doctorate of Business Administration program, you’ll focus exclusively on business and management from a practical lens. Application of theory is a major focus, and coursework often provides students with opportunities to put their knowledge into practice by solving real-world business problems. Alternatively, PhD programs are offered in just about any subject one can imagine. They take a more theoretical approach with their curricula, teaching students to understand the “why” and “how” behind both business problems and their solutions.

The typical timeline of these graduate programs differs as well. Since DBA programs are intended for people who already have both a master’s degree and significant work experience, they tend to take less time to complete. Many DBA programs are offered on a part-time schedule, and students can expect to complete their Doctorate of Business Administration in about two to four years. While PhD programs don’t always require as much experience prior to enrolling, they tend to require more time to complete. These research-intense programs usually follow a full-time course schedule with an average completion time that ranges from three to five years.

Practical Experience vs. Thesis Research

The major difference between a DBA education and a PhD education can be summed up as practical vs. theoretical. Students entering into a DBA program typically come with a master’s degree in hand and multiple years of relevant work experience under their belt. As such, DBA programs are designed to expand upon their students’ wealth of prior knowledge and experience. These programs teach students to understand relevant theories and principles of business management, but more importantly, they teach students to apply those theories and principles. DBA programs equip students to bring their education and experience to the table when solving real-world problems.

While DBA students focus on using existing knowledge to solve problems, students in PhD programs work to add new knowledge to the business world. Instead of researching the application of existing theories and principles, PhD students are expected to work on original research, unearthing and exploring new ideas. Thus, PhD programs take a much more theoretical approach rather than a practical one. To put their newly gained insights on display, PhD candidates are usually required to complete a dissertation. Through these lengthy research projects, students demonstrate their knowledge, expand upon their ideas, and showcase their experience.

Career Outcomes of a DBA vs. a PhD in Business Administration

Following completion of their degree, DBA and PhD graduates typically take two different paths when it comes to employment. Much like an MBA, a Doctor of Business Administration prepares students for jobs in both the private and public sector. DBA candidates often go on to work in senior management roles or consulting. Some even choose to open their own businesses. Their practical, hands-on approach ensures that DBA programs leave their graduates well-equipped for these roles.

On the other hand, PhD candidates typically stick to the world of academia following their graduation. They often find work with universities as professors and can even go on to be program directors. Some graduates may also opt to continue expanding upon their research while they teach, sharing their research methods with the next generation of PhD students.

However, as with any degree, the job you’ll find afterward depends on a number of different factors. Your prior work experience and unique strengths gained from both work and the classroom play a big part in determining where you’ll take your talents. Just like your interests and passions will likely guide your choice between DBA and PhD programs, they’ll also guide your job search. External factors do play a role as well. The current job market will decide what specific jobs are available at one time or another, and demand for your specific skill set can determine how well you fit the profile of those available jobs.

DBA or PhD: Which Is Right for You?

Deciding to further your education with a doctorate degree is a huge decision in and of itself. Having to choose between a Doctor of Business Administration and a Doctor of Philosophy might be an even more challenging decision. Each of these programs is considered a “terminal degree,” offering students the highest level of education possible in the field. They provide candidates with advanced training and preparation for high-ranking roles. Whether you opt for a DBA or a PhD program, you’ll be opening doors to a wide range of career opportunities.

To ensure that you make the right choice between the two degrees, you’ll want to take time to think about your career goals. Consider where you are now as well as what you want your career to look like in 5, 10, even 2o years. Do you hope to hold a title as a C-suite executive of a major corporation, calling the shots and leading the teams around you? Or do you hope to be in the classroom, teaching the next generation of business professionals about both new and existing theories in the business industry?

Be sure to spend some significant time weighing out these options, including any accreditation requirements. Once you feel confident in the goals you’ve set, look for programs that are in alignment with the things that are most important to you. Check out the academic career resources and coursework of each program you’re interested in. Give yourself the time and space to carefully consider each of these factors prior to making a decision.

Final Thoughts

Getting a doctorate degree can be an excellent way to take your career to the next level . No matter whether you opt for a DBA or a PhD, these terminal business degrees can make your application stand out among the rest and open doors to previously unattainable job opportunities. DBA programs are a perfect fit for people looking to grow their base of practical knowledge in the field. They prepare graduates to work in upper-level leadership roles within the business environment, solving real problems that companies face on a day-to-day basis. Alternatively, PhD programs are the ideal choice for anyone with an interest in the principles and theories that guide business decisions and outcomes. These programs equip graduates to take on roles in the world of academia, such as research and teaching.

However, before you take the jump into your DBA or PhD, be sure to take time to thoughtfully consider your decision. Use your career goals as a guide, and take the time to research your options thoroughly. Seek out advice from peers in the field, and learn from the stories of others making an impact in the business world, like one Crummer Executive MBA student who has a strong passion for both business and academia.

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DBA vs PhD: What’s the difference in Business Administration?

• April 17, 2024

Table of Contents

Business education landscape is marked by two towering pillars: the Doctor of Business Administration (DBA) and the PhD in Business Administration . These degrees represent the zenith of academic and professional achievement in the business realm, yet they cater to distinct career paths and ambitions. So, let’s compare DBA vs PhD .

While both degrees are terminal , signifying the highest level of educational attainment in the field, they diverge significantly in purpose, structure, and outcome.

The Facts on DBA vs PhD:

• Research Focus : DBAs are for applied business problem-solving; PhDs aim to generate new theories.
• Career Goals : DBAs lead to executive roles; PhDs lead to academic careers.
• Flexibility : DBAs offer part-time options for working professionals; PhDs are full-time.
• Duration and Cost : DBAs are shorter and self-funded; PhDs are longer with potential funding.

DBA vs PhD: Academic Rigor and Research Focus

Both the DBA and PhD involve rigorous research and demand a high level of scholarly work. However, the nature of the research they entail differentiates them. 

The DBA is designed for applied research , focusing on real-world business problems and their solutions. This program is less about generating new theories and more about applying existing knowledge to enhance business practices.

Conversely, the PhD in Business Administration is theoretical and seeks to advance knowledge by developing new theories or refining existing ones. Its curriculum involves research methodologies and academic theory, preparing graduates for academic careers and scholarly research.

The best example of this difference is Doctoral Research Project that culminates the DBA program. This is significantly different from a dissertation, as it allows students to solve specific problems within organizations.

Career Trajectories and Professional Objectives

The career paths of DBA and PhD graduates often reflect the research focus of their respective programs. PhD holders typically pursue academic careers, contributing to the body of knowledge in business and training the next generation of scholars. Their work often involves publishing research and teaching at the university level.

On the other hand, DBA graduates are usually seasoned business professionals who leverage their advanced education to ascend to higher executive roles or consultancy. The DBA equips them with the tools to solve complex business issues, making them valuable assets in the corporate sphere.

DBA vs PhD: Program Delivery and Flexibility

The structure of DBA and PhD programs caters to the distinct needs of their candidates. PhD programs are immersive and full-time , often requiring students to forgo other employment to focus solely on their studies. Many institutions offering stipends and tuition waivers to facilitate this.

In contrast, DBA programs offer greater flexibility . They allow students to balance their studies with work and family commitments. DBA programs at CIU blend learning experiences, as they combine online and on-campus elements to accommodate the busy schedules of working professionals. 

Time Investment and Financial Considerations

If you’re wondering how long does it take to get a DBA , here at CIU, we design our doctorate programs to be completed within 2.5 years .

Typically, you can complete a DBA program in a shorter time frame than a PhD. The latter takes between six to ten years. This difference is partly due to the DBA’s focus on practical, problem-solving coursework relevant to current business practices.

Financially, the two programs also differ. PhD students often benefit from funding through fellowships, whereas DBA candidates are usually self-funded , which reflects the program’s orientation toward working professionals.

DBA vs PhD: Making the Right Choice

Choosing between a DBA and a PhD in Business Administration depends on an individual’s career goals, lifestyle, and personal interests . Those inclined towards academic research, theory development, and teaching might find the PhD pathway more fulfilling. Meanwhile, the DBA route is better for business professionals aiming to enhance their strategic decision-making capabilities and impact practical business operations.

Understanding the commonalities and differences between these two esteemed degrees is crucial for prospective students. Both degrees demand a high level of dedication and intellectual rigor and offer the potential to significantly advance one’s career in business, whether in the academic or corporate sphere.

In conclusion, choosing between a DBA and a PhD in Business Administration is not just about selecting an academic program. It’s about charting a course for one’s future career and impact in the business world. 

When making this pivotal decision, prospective students should consider their long-term career aspirations and preferred research focus. Plus, the balance they wish to strike between professional work and academic study. With thorough research and self-reflection, deciding between DBA vs PhD can be a transformative step towards achieving one’s professional and academic goals.

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PhD vs. DBA: What’s the Difference?

Updated on March 29, 2023.

The Doctor of Philosophy (PhD) in business and the Doctor of Business Administration (DBA) are both doctoral degrees that allow students to engage in advanced study, examinations and research projects surrounding business administration to earn the highest credentials in business education.

Although the PhD and DBA have similarities, each doctoral degree is designed for distinctive target groups and aligned with unique career goals, resulting in varying outcomes.

Marymount University’s online Doctor of Business Administration in Business Intelligence program prepares graduates for real-world problems within their organization and teaches professionals how to lead at the highest level in data analytics.

Request My Free DBA Program Guide

PhD vs. DBA At-a-Glance Comparison

What are the similarities and differences between a PhD and DBA in business? The following chart outlines what you should expect from the two business doctoral programs to help you determine which program’s outcome, format, coursework and requirements align with your profile and goals.

Learn more about the PhD vs. DBA and discover the next step in your professional journey.

How to Choose Between a PhD and a DBA

The first step to determining whether the PhD or DBA degree is right for you is to outline your career objectives. Ask yourself questions that align with the key differentiators above:

• Program focus: Am I interested in applying research to a real-world setting or producing original research for future business models?
• Outcomes: Do I want to work in a business, government or nonprofit setting and solve organizational problems, or do I want to teach business theory to students?
• Student profile: Am I an experienced executive with years of job experience or a business student in the academic setting?
• Program format: Do I prefer to learn online or on campus?
• Coursework: What are the key skills I’m interested in learning?
• Program length: How much time do I want to dedicate to my continued education?
• Requirements: Do I have the necessary prerequisites?

PhD vs. DBA: Salary , Job Opportunities and Outlook

A business professional who has completed an advanced degree can find new and exciting job opportunities, a promising job outlook and a higher earning potential. Consider a few figures concerning the PhD vs. DBA salary range, as well as the job forecast.

Job Opportunities for PhD in Business Graduates

Several career opportunities are open to those pursuing a PhD in business. Some common career trajectories include:

• Business professor
• Management consultant

Job Outlook and Salaries for PhD Graduates

Job forecasts vary for different roles that PhD graduates might pursue. Positions for management consultants , for instance, are predicted to increase by 11% between 2021 and 2031 according to the U.S. Bureau of Labor Statistics (BLS). For postsecondary instructors such as business professors, the BLS predicts 12% growth between 2021 and 2031. While salaries also vary, the median annual salary for those with PhDs in business administration was approximately $103,000 in December 2022, according to Payscale.

Job Opportunities for DBA Graduates

DBA graduates gain access to a wide range of business roles and job opportunities. Many become management consultants working in professional, scientific and technical services, while others are self-employed. DBA graduates often work in the following roles:

• Business intelligence analyst
• Organizational development director
• Human resources director

Job Outlook and Salaries for DBA Graduates

Outlook and salaries vary according to the position. The BLS predicts that positions for operations research analysts , including business intelligence analysts, will increase by 23% between 2021 and 2031. For training and development managers , including organizational development directors, the BLS predicts a 7% growth between 2021 and 2031. According to Payscale, business intelligence analysts made a median annual salary of approximately $71,900 in February 2023, while organizational development directors made about $123,000 in March 2023.

Why Pursue a DBA in Business Intelligence?

While there are many benefits to earning a PhD, a DBA specializing in business intelligence will expand your understanding of business theory in the context of a digital landscape and allow you to transform organizations for the future. 

Consider some of the main reasons to choose the DBA path:

1. Make Decisions Based on Data

Data-driven decision-making is a top priority for business leaders. An Invesp report noted that 40% of organizations aimed to increase data-driven marketing budgets and 64% of marketing leaders “strongly agree” that data-driven strategies are crucial in today’s economy.

A DBA in Business Intelligence teaches students how to use business intelligence tools to solve problems and gain groundbreaking insights . The hands-on coursework teaches DBA graduates how to:

• Employ statistical methods to optimize business operations
• Use microeconomic and macroeconomic approaches to solve business problems
• Build a sophisticated platform to facilitate data-driven insights for an organization
• Visualize data through industry software
• Advocate for ethical data collection, privacy and transparency

2. Innovate in a Changing Economy

The business intelligence market is projected to grow at a compound annual growth rate (CAGR) of 12% between 2023 and 2038 . The emergence of big data and the introduction of advanced analytics makes professionals with a DBA in Business Intelligence essential for the modern workforce.

Pursuing a DBA in Business Intelligence can prepare you for new challenges and opportunities in business and government by teaching you how to:

• Develop a data-driven plan for implementing change in a government agency, business or nonprofit organization
• Use machine learning tools to create ethically sound applications of AI in a government or business environment
• Use traditional business models for product and service delivery via digital platforms

3. Commit to Ethical Leadership

Governance, privacy and data ethics are top-of-mind for leaders using data to drive organizational decisions. 

Leaders who operate from an ethical foundation create conscious businesses, protect consumers and gain respect and trust as a result. A DBA in Business Intelligence can prepare you to:

• Apply ethical theories to leadership challenges
• Develop an ethical governance strategy in the context of using tools and technologies like AI and data analysis
• Evaluate issues of trust, privacy and transparency from a business and policy perspective
• Research the ethical impacts and potential bias of AI applications

4. Apply Research to the Real World

The DBA in Business Intelligence is concerned with using research to address real-world issues. The final research project is specific and can be transferable in an organizational setting. DBA students completing their final project will select their topic and engage in the following:

• Use scientific thinking to design original business intelligent research
• Evaluate ethical considerations when conducting research and eliminate biases
• Integrate statistics and research methodology
• Communicate their findings verbally and visually, as well as in writing

Benefits of Studying a DBA in Business Intelligence 

Between a PhD and DBA, furthering your education in business intelligence will benefit you and the organization you work for in various areas. Enrolling in a DBA in BI empowers you to:

• Build connections with innovators in your field through an expansive network of alumni
• Upskill to meet the demands of organizational needs in the digital age
• Enter a higher salary bracket, experience faster career mobility and enjoy job security in an industry with a growing job outlook 
• Become an impactful leader in your industry or use your skills to explore new industries
• Prioritize ethics, privacy and moral leadership to create a better future for your team and your consumers

Advance Your Career With a DBA in Business Intelligence

If you believe a DBA is the right fit for you and your career goals, Marymount University’s online DBA in Business Intelligence program is the next step to advancing your career in a modern business landscape.

Marymount University’s online DBA in Business Intelligence program is an interdisciplinary program designed for working professionals that focuses on actionable research, agility in a changing economy and digital integration.

The program allows professionals to acquire theoretical business knowledge, learn management skills, improve their ability to make informed strategic decisions and network with thousands of like-minded professionals worldwide.

As a student, you can:

• Complete your DBA in three years online through a part-time, 36-credit-hour program
• Tailor your coursework to your goals and benefit from an engaged, supportive faculty
• Stay on the pulse of policy development in the digital age and gain direct insight into how government and business interact
• Join the Catholic educational commitment to serve others, commit to global engagement and uphold ethical, socially responsible leadership

Learn more about Marymount University’s online Doctor of Business Administration in Business Intelligence program .

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DBA vs. PhD in Business

Among doctoral degrees in business , prospective students can take two different paths: a PhD in business, or a Doctorate of Business Administration (DBA). To shed some light on just how common each degree is among AACSB-accredited  institutions, out of 251 accredited respondents to our 2014–15 Business School Questionnaire that reported doctoral business programs, 214 schools reported offering only PhDs, while 15 offer only DBAs, and 22 offer at least one of each. That further works out to a total of 883 distinct PhD programs and 54 DBA programs among the participating accredited schools. Clearly the PhD is the dominant doctoral degree type in this case, at about 94 percent.

What’s the Difference?

To gain a bit more perspective on what distinguishes these two degrees, I spoke with Praveen Parboteeah, who holds a PhD and is director of the DBA program at the University of Wisconsin-Whitewater’s College of Business and Economics . He says, “The market still sees PhDs as superior, as the level of in-depth specialization is necessary for more research-oriented institutions. However, DBAs are satisfying a critical niche whereby strong practitioners are trained in the rigors of scientific method and bring both practice and scholarly research to the university.” He believes that “DBAs will get more popular as programs gain more credibility.”

So if you’re among the ambitious souls seeking to go to the next level but aren’t sure which type of program to pursue, Parboteeah helps to provide an overarching distinction between the degrees by noting that DBAs “tend to typically be more practice oriented,” while PhDs are often more research oriented. Another notable difference, he says, is in the doctoral admissions process, where applicants to a DBA program “are expected to have a minimum number of years of high-level work experience.” At Wisconsin-Whitewater, applicants are required to have at least six years of professional experience, but Parboteeah has found that the average number of years of experience among applicants is actually much higher, at 19 years.

“The market still sees PhDs as superior, as the level of in-depth specialization is necessary for more research-oriented institutions. However, DBAs are satisfying a critical niche.”

This further means that applicants to the DBA have typically been out of school for a while, although some may have earned master’s degrees later in life after some career experience and then transitioned directly into the doctoral program. Those who earn PhDs in business tend to have more of a straight degree path, from bachelor’s to master’s to doctoral (or just bachelor’s to doctoral if a master’s isn’t required), without the professional experience, as their goal is often to teach and produce academic research.

As for the curriculum in each program, Parboteeah says, “Based on my experience with our program and the one at Kennesaw State University,” where he is on faculty as a senior global scholar, “I would say that DBAs are much more varied in nature compared to PhDs. Most PhDs offer a standardized curriculum where students are expected to become a specialist in one of the functional areas such as management, marketing, etc. However, DBAs can have a practical curriculum with the executive in mind.”

Doctoral Research: For What Purpose?

While both degree programs generally require a dissertation at the end of the degree, the research completed for each program can differ in nature. Parboteeah provides a couple examples of student research in his DBA program: “For instance, we have an individual whose expertise is on detection and prevention of money laundering. He is finding that there is a lot that has been done in economics that could be extremely useful for his work. We have another individual who is in healthcare administration and who is validating the patient satisfaction measure widely used in hospitals. These two examples show what DBA students bring to the table.” PhD research, on the other hand, is often more theoretical or conceptual in nature. The ideas that result from this work are studied by other professors and doctoral students.

End Goal: The Teaching Connection

What happens after doctoral students graduate from each degree? Because the PhD specifically prepares students for a career in academia, graduates of those programs often seek tenure-track faculty positions at colleges and universities, but other options include researchers or business consultants. DBA graduates have similar aspirations. According to Parboteeah, many of the practitioner-graduates from the University of Wisconsin-Whitewater program “want to have some connection with universities.” That may mean teaching one class per semester, while remaining in the workforce. Parboteeah says that “practitioners see it as a way to give back to their communities.” However, he notes of DBAs, “we also have others who have extensive work experience but want to transition to academia.” He even says that the majority of students in his program want to make that transition.

PhD vs. DBA: Takeaways

• At the completion of both degrees, you get to put that coveted “Dr.” prefix before your name
• PhDs are typically research oriented, while DBAs are practice oriented
• Admission to a DBA program often requires years of professional experience
• Both degrees generally require a dissertation, though the type of research you do may vary greatly
• Both degrees can earn you a faculty position

As always, when searching for a business school program, prospective students should seek as much information as possible—especially from the program itself—in order to make the best-informed decision.

What is the Difference Between a DBA and PhD Degree?

“The DBA is a practitioner's degree, with research focused on finding solutions to current business issues. The PhD is a great fit for academics who want to create original research to expand the field of knowledge in management studies." . – Sara Stivers, Admissions Officer Both DBAs and PhDs involve major commitment: time and financial investment, including years of extensive study and research which eventually lead to the title of doctor. However, there are significant differences between the two, and it is important to distinguish between them to ensure you choose the right program for you.

What is a PhD? ‘PhD’ stands for Doctor of Philosophy. Simply put, it is a postgraduate doctoral degree and, in most countries, the highest level of degree a student can achieve. Typically, a PhD student will demonstrate they have made an original contribution to their area of study through conducting their own independent research. With this research, the PhD student produces a dissertation with the intention of their work being published in an academic journal. To qualify for a PhD program, you will need to have obtained both a bachelor’s and master’s degree. The exact requirements will differ, however, depending on the institutions you apply for. What is a DBA? ‘DBA’ stands for Doctor of Business Administration. A DBA student is usually an already experienced business professional looking to strengthen skills in leadership and their selected business profession as a whole. A DBA student conducts research with the aim of advancing practice in their field. For example, if a marketing manager wanted to know how the rise of online shopping will shape the future of consumerism, they would conduct research on this topic, use their findings to create a dissertation, and apply findings to their profession. Requirements for a DBA program also include both a bachelor’s and master’s degree, and will differ dependent on the institution. Benefits of a PhD There are many benefits to obtaining a PhD:

• A PhD is the highest possible degree you can achieve.
• The extensive training involved to achieve a PhD prepares you to tackle challenging situations both professionally and personally.
• As a proficient researcher, you will acquire the skills to source information efficiently and effectively.
• You will vastly develop your analytical skills, organization abilities and confidence.
• You will be recognized as an expert in your chosen field, in addition to being respected for making a meaningful contribution to it.
• You will open up an array of job prospects in academia, research and other fields which require a doctorate.
• Most importantly, you will have the opportunity to further pursue, explore and discover a field you are passionate about.

Benefits of a DBA Achieving a DBA has similar benefits to that of a PhD, and many of its own:

• A DBA is one of the highest possible degrees you can achieve.
• Your expertise and contribution to business theory will be widely respected in the professional world.
• You will become a more empowered professional, developing leadership skills in a variety of areas in business.
• A DBA will expand your employability, allowing you to pursue many career paths in business, research, management and academia.
• Salary potential will increase with future employers as they recognize the commitment you have made to achieve your DBA.
• A doctorate degree in business is highly valued, giving you an advantage in a competitive job market.
• As with a PhD, you will give yourself the opportunity to pursue your dream career while developing exceptional skills in the process.

How long does it take to get a PhD? The time required to complete a PhD can differ dependent on the institution, and whether you choose part-time or full-time study. Full-time PhD students can complete their studies in four years, while a part-time or distance learning program can take up to six years. How long does it take to get a DBA degree? A DBA degree will also vary depending on the institution and whether a student decides to study on a full, part-time or distance learning basis. Similarly to a PhD, full-time DBAs may also be completed in up to four years, while a part-time DBA takes up to six years. What can I do with a PhD? It is often assumed that a PhD will strictly lead to a career in the educational sector. Indeed, if academia is your desired path, a PhD will give you the degree necessary to become a professor or educational researcher. However, there are many graduates who move into different professions. Students with a PhD degree can achieve careers in fields beyond education, where there is a need for highly skilled and analytical scholars. These fields include the science and pharmaceutical industry, or financial and business industry, working as either a researcher or writer. PhD students might also pursue a career as a competitive intelligence, quantitative or market research analyst. What can I do with a DBA degree? As a Doctor of Business Administration, you will hold a degree which enables you to progress as a leader in your current field of business. You will have developed high-level business skills and techniques, with the capability to formulate and bring executive solutions to your practice. Further, job opportunities for graduates who acquire a DBA, include management or market research analyst, and prospects to work as a professor or an economist. Doctorate degrees are recognized as a prestigious accomplishment worldwide. You can find out more about the International School of Management’s PhD program here and DBA program here .

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Doctor of business administration, dba programs vs. phd programs.

Paper on Business Professional Doctorates

Typically, business PhD programs are focused on students who seek to become full time (tenure earning) academics. The best of these programs are full-time, take four or five years, and are focused on building the research skills necessary for publication in journals. DBA and other executive doctoral programs are generally designed for working professionals, take about three years to complete and are designed to help working professionals acquire research skills that can be applied directly to business.

Similarities to our PhD program

The USF Doctor of Business Administration was designed as a variation on our existing academic PhD program. As such, it builds upon the common core of these programs, including:

• Research Emphasis: A focus on building and demonstrating rigorous research skills
• Core Requirements: Requiring the same core of research methods courses that constitute the common thread of all our PhD concentrations
• Faculty: Faculty members who are all active researchers themselves
• Credit Hours: Credit hour requirements consistent with USF standards for doctoral programs (72 credit hours)
• Dissertation: The student's dissertation activities (see below) are supervised by the same type of major professor and four-person committee, just like existing PhD candidates.

Differences from our PhD program

To meet the needs of students, all practicing executives, the USF Doctor of Business Administration program also differs from  existing academic PhD programs in some important ways:

• Outside Employment Policy: Unlike a PhD program, which limits outside activities of students, the Doctor of Business Administration generally expects students to pursue the degree while working in an executive capacity
• Distance Learning: The Doctor of Business Administration reduces residency time requirements by making extensive use of distance learning capabilities, with participating faculty receiving specialized training in the use of these tools
• Cohort Based: The Doctor of Business Administration is pursued as a cohort, so students cannot individually choose electives. As an alternative, the cohort as a whole is given considerable voice in selecting those course topics to be covered in the final year of the program.
• Interdisciplinary Focus: Whereas the existing PhD program requires students to choose a disciplinary concentration—such as marketing, finance, accounting or MIS—the Doctor of Business Administration is effectively a concentration built around interdisciplinary offerings such as business analytics, business strategy, and creativity and innovation.
• Flexibility in Dissertation Form: While the existing PhD program requires a traditional dissertation or collection of related publications, the Doctor of Business Administration allows candidates to pursue alternative project options that might not lead to journal publications—provided the candidate can convince his committee that the proposed projects are grounded in rigorous research.

Doctorate: Is DBA or PhD better?

Maciej Kapron July 28, 2022

Now that we answered the question as to what is the difference between a PhD and DBA , it’s time to tackle the next one: “which one should I get?” and “is DBA or PhD better”? Perhaps the first important point to remember is that it is not about choosing a program that has a higher value, it’s about something completely different.

DBA or PhD – not a question of value, but of personal career status

PhD is probably the most commonly known type of research degree, offered by thousands of institutions around the world. For many years, it was the golden standard for research degrees and became almost synonymous with doctoral studies. PhD is therefore generic and can be completed in areas as broad as business, life sciences, linguistics or engineering. DBA on the other hand, is a business focused degree and due to this specialization, it’s not as common.

If you are working in business management, you can of course choose either one and their value is equal. DBA also grants a doctor title and for example in the program run by Munich Business School in collaboration with Sheffield Hallam University , your doctor title does not require to specify whether you have completed a PhD or a DBA.

Therefore, the question of “Is DBA or PhD better?” cannot be answered in relation to the value of the program or the perception about it. PhD degrees are often more suited for students who have only just finished their master’s studies, whereas DBA is a solution for those who have already acquired a number of years with work experience. This means that as a product, the DBA is targeted at a completely different customer segment and should not be confused with a PhD. Your choice will most likely depend on where you currently are in terms of your career.

DBA – The ideal doctoral opportunity for working professionals

So then “Is DBA or PhD better?” becomes a redundant question, unless, you are about to graduate from your master’s studies and can chose between going straight into a PhD or entering professional career and then going on to complete your doctoral studies. If you are already on the job market, chances are that the DBA is the best way to gain a doctor title. This is because most programs are offered part-time and therefore offer flexibility to continue full-time work. Businesses face problems and the DBA is an opportunity to come up with “products” that solve issues and have wider impact. At PhD, you are often assigned a topic but the goal is to produce a more theoretical solution, contributing or filling gaps within the literature.

Summarizing, your decision to study for a doctoral degree is more dependent on your professional situation and where you are rather than “is DBA or PhD better?”. In both cases, although the methods differ, outcome is similar, in that both PhD and DBA candidates earn a doctoral degree that’s of equal value. What matters more is where you currently are, as this may determine the degree that is more suitable to your own circumstances.

Would you like to scientifically research a current economic issue within the framework of a doctorate without having to leave your professional career? The part-time Doctor of Business Administration (DBA) program at Munich Business School and Sheffield Hallam University (SHU) is just right for you! See for yourself: Doctor of Business Administration

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DBA vs. PhD: What’s The Difference?

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What is a phd, what is a dba, phd vs dba: research orientation, dba and phd: academic vs professional focus, dba vs phd: program structure, phd vs dba: target audience, dba vs phd: time commitment, phd vs dba: salary, choosing between a phd and a dba, taking the first step forward.

If you are planning to get a terminal degree, your research may lead you to two solutions: PhD and DBA. When it comes to the level of education, a Doctor of Business Administration is equivalent to a Doctor of Philosophy. However, there are a few differences that can have a significant impact on your career.

When you think about DBA vs PhD, you compare theory to application. PhD focuses on theoretical input and academic contributions while DBA is geared toward practical solutions to real-life problems.

A PhD is the highest academic degree you can get in many different fields of study, including business, engineering, education, and computer science. The process of getting this type of degree involves conducting research to contribute to a body of knowledge. The type of knowledge depends on the subject and specialization you choose when entering the program.

During your studies, you will be focusing on conducting research and completing a doctoral thesis or a dissertation. All the work you do during your years with the program can become highly valuable for relevant industries.

The goal of a PhD program is to teach you how to conduct independent research. While you may already have some experience and even publications related to the field, during your studies you will gain robust critical thinking skills and learn how to analyze complex programs.

Doctoral candidates work with mentors and supervisors not just to learn how to conduct original research. But also improve their data collection methods, experiment, and find solutions to pressing real-world problems.

The duration of a PhD program can vary. Factors that may influence it include the field of study and the chosen research topic. However, the student’s ability to dedicate sufficient time and effort to the program is also important. Some candidates can complete their PhD in two years while others take as long as seven or eight years.

Since many PhD students already have jobs and families, they often can’t provide as much dedication to their studies as they did when getting bachelor’s and master’s degrees. After earning a PhD, you can pursue several careers, including academia-related positions.

It’s worth noting that PhD program duration, structure, and outcomes vary from program to program and from university to university. It’s possible to get a PhD online in many disciplines.

A DBA is also a professional doctorate. However, unlike a more general PhD definition, a Doctor of Business Administration has a narrow focus. While getting this degree, you will be learning how to apply business theory and research to real-world business challenges.

This degree is specifically for people who want to gain new knowledge and hone their expertise in the field of business management.

When you enter a DBA program, you will see a strong emphasis on practical application. The faculty will help you develop managerial skills and improve your leadership abilities. More often than not, people looking to earn a DBA are professionals who want to take the next step in their careers. This step generally requires more leadership skills and a deeper understanding of the industry.

Depending on the specialization, DBA programs can offer coursework on such business disciplines as finance, strategy, marketing, and entrepreneurship. Similar to PhD studies,  DBA students need to complete a doctoral project or a dissertation. The focus of the project is usually a real-world business problem. To demonstrate your right to hold the degree, you would need to conduct rigorous research, apply business theories, and develop a practical solution to this problem.

Since candidates who are entering DBA programs are usually working professionals, universities often accommodate the studying format to suit their busy schedules. It can take between three and six years to complete a DBA program. Some students may require more time.

Once a student completes the program, they obtain a degree and the title of “Doctor.” This allows pursuing various career options, including executive leadership and entrepreneurship.

Key Differences Between DBA and PhD

While both a Doctor of Philosophy (PhD) and a Doctor of Business Administration (DBA) are doctoral degrees, they are hardly similar. To understand how they differ, you need to consider the following factors.

While in a PhD program, students focus their efforts on research. They create new knowledge and contribute to an academic discipline of their choice. Meanwhile, the DBA program focuses mostly on practice. In the program, students gain skills that they can use to apply existing research to solving real-world business challenges.

Simply put, a PhD provides the theory while a DBA puts the theory into practice.

PhD is an academic degree. In most cases, students who earn this degree have the opportunity to pursue a career in academia. However, they aren’t limited to research or teaching. They can use this academic knowledge to fill business roles as well.

Meanwhile, DBA is a professional doctorate that focuses on managerial and leadership skills. After earning this degree, students can apply the newly found skills in a business landscape.

Program structures for the two degrees can differ significantly. During your PhD studies, you will learn research methodologies, explore theoretical frameworks, and read academic literature. The program is structured around conducting original research.

The coursework for DBA students focuses on practical application. While in the program, you will learn business disciplines, and hone your managerial abilities.

When choosing which degree to pursue, you need to ask yourself what the goals are. PhD programs are designed for people who plan a career in academia or want to advance their careers with scholarly expertise.

Meanwhile, DBA programs attract people who already have experience in business administration and need an opportunity to enhance their knowledge. These students usually already have jobs in the desired industry and want to fill relevant leadership roles.

DBA programs are usually shorter than PhD programs. The average time to earn a PhD is around three years. Meanwhile, it usually takes four to seven years to complete PhD studies. The duration of PhD programs usually varies according to the specialization.

PhD students are often more willing to commit the majority of their time to research and studies. Meanwhile, DBA candidates are generally working professionals for whom time is of the essence.

It can be hard to compare PhD and DBA salaries because you can get a PhD in different fields while DBA is much more focused.

For fairness purposes, it’s possible to compare the salaries of professionals with a PhD in Business Administration and professionals with a DBA. The average annual salary for professionals with a PhD in Business Administration is around $100,000. Meanwhile, the average annual salary of those who have a DBA is around $80,000.

If you are wondering whether to pursue a PhD or a DBA, you need to ask yourself the following questions:

•  Do I see myself in academia, conducting research, and teaching, or am I more interested in applying business knowledge and assuming a leadership position?
• Am I passionate about conducting original research or do I prefer focusing on applying existing theories to real-world business challenges?
• How important is developing advanced managerial skills to me?
• Am I seeking to enhance my leadership abilities?
• How comfortable am I with a longer time commitment and a heavier focus on research and academia?
• Am I willing to dedicate several years to conducting research and writing a dissertation?
• Am I ready to commit to a rigorous program that demands self-motivation, discipline, and the ability to work independently on research projects?

Before making the choice, consider speaking to professionals in the field of your choice. Find out how their degrees helped them achieve similar goals.

After learning the differences between a PhD and a DBA and asking yourself relevant questions, you are ready to make a choice. Remember, when you apply to a program, make sure to check how long studies are expected to take. This way, you can juggle your time commitments.

To simplify the process of getting a terminal degree, consider online doctorate programs. They can help you achieve professional and personal goals simultaneously.

PHD in Economics, Associate Professor, Department of Business Process Management, Faculty of Market Technologies IOM

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• January 31, 2022

DBA vs. Ph.D. in Business Administration: Which One to Choose?

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So you’re interested in pursuing an advanced degree in business administration but still, keep wondering what the difference between a DBA and a Ph.D. is? While they’re very similar, they both have distinguishing features that may fit you better than the other, depending on what your goals are with your future or current career.

That said, let’s dive into the first section, where we’ll go over what exactly a Doctor of Business Administration (DBA) entails.

What Is a Doctor of Business Administration?

A DBA prepares college students for managerial roles in non-profit organizations, government agencies, or a senior-level occupation, such as CEO. In addition, upon graduation, students can pursue being a development director or specialize in specific areas of the business, like accounting, HR, or project management.

A DBA is versatile, and this door opens to many career paths after years of hands-on training and gathering knowledge in a variety of areas. People who have a DBA might be considering running a business, furthering their profession, or instructing the next generation. With a DBA, you’re presented with a wide range of possibilities.

Here are some general facts about the DBA program:

• Online and part-time options are available
• A typical DBA program includes the course requirements, electives, a research component, and a final project
• A Master’s degree is required before you apply

Candidate profile

In the program, the student would read and study theories about, for example, employee motivation and engagement. They would then identify resources from articles or literature and create a program that addresses the issue they studied. If it wasn’t solved, they would make changes, provide additional research, and try again.

They would need to have good research skills when addressing issues in the workplace. Furthermore, they’d have to communicate clearly while asking questions, apply what they’ve learned, and use research to help solve real-world problems.

The cost is dependent on what state you reside in and technology fees (especially for the online program). You can expect to pay between $27,000 to $60,000 in total.

Career outcomes

Once you have a DBA, the median annual salary is about $100,000, and you can choose from various job opportunities, ranging in interest and rigor:

• Corporate executive – CEO
• Consultant – helps businesses solve problems and maximize profits
• Economist – collaborates with policy-makers and business leaders; helps them understand through research evidence
• Logician – informs the company of the lifecycle of their product; sells and campaigns
• Professor, entrepreneur, HR director, and more.

DBA benefits

You learn more about finance, leadership, economics, international business, decision-making, contemporary issues, and business ethics. In addition, the program teaches you about international companies, data mining, predictive analysis, generating capital, and managing innovation for a well-rounded educational experience in business administration.

How long does it take to earn a DBA?

The online DBA programs typically require between 54 and 60 credits , meaning that it takes 3-5 years to complete.

What Is a Doctor of Philosophy in Business Administration?

So, what is a Ph.D . in business? This program revolves more around research and academia. These degrees are tailored for those who want to get extensive research experience and then teach at universities or colleges.

They research their area of expertise and pass their knowledge to equally enthusiastic students who want to learn more about business concepts that interest them. Having a Ph.D. is beneficial when applying yourself in the workplace and starting a company, but a DBA would suit you better if those are your specific goals.

Graduates with a Ph.D. in business learn a lot about customer behavior, how businesses operate regularly, and how certain business practices work in the real world. A Ph.D. in business administration is ideal if you’re looking to help managers or executives make good decisions that positively impact their company.

Students have solid skills in economics and math to assist governments or corporations. They analyze the information they’re presented with and come up with their theories. Candidates pursuing a Ph.D. apply what they’ve learned to situations they encounter and help identify problems, making changes to ensure more profit and efficiency.

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Ph.D. costs

The average cost for a doctorate of philosophy is about $112,000, but that price range depends on what type of school you intend, whether it’s public or private, and where it’s located. Additionally, the type of doctorate alongside the length of the program can make it costly. Regardless, financial assistance is available.

Having a Ph.D. is just as versatile as its cousin, the DBA, and many career opportunities open up once you graduate. Here are a few examples of some areas of interest:

• Management analysts
• Top executives
• Budget analysts
• Postsecondary business teachers
• Financial managers

Ph.D. benefits

With a Ph.D., you’re able to collect data and rank highly in a business, making a direct impact on future operations. Developing new goals, procedures, and policies becomes easier, thus lowering costs overall. You’re able to explore a wide variety of jobs and collaborate with ease.

Your research skills help uncover new ways to solve problems within the business world, and you can teach the same skills to future generations. Overall, a Ph.D. helps you and your company become more effective while analyzing trends and profits.

How long does it take to earn a Ph.D.?

A Ph.D. takes 4-5 years total , in addition to obtaining a Bachelor’s degree. The first two years include core courses, such as organizational theory and microeconomics. Then, the remainder of your education includes finance, marketing, strategic management, and more. Your final year includes a teaching assignment or dissertation to present to your professors and fellow students.

What Is the Difference Between DBA and Ph.D.?

There are subtle differences between DBA and Ph.D.

The easiest way to think about this would be to remember that a DBA is more application-oriented while a Ph.D. is more research-oriented. For example, a Ph.D. would have students develop a theory that answers questions in a larger picture. In contrast, a DBA would have you solve practical problems in a company currently. A Ph.D. develops the theories, and a DBA applies them.

You’re given the title of doctor no matter what program fits you better, and that conveys an advanced understanding of the business field that would undoubtedly impress any employer or customer.

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What a DBA Degree Is and Why You Might Want One

Students in a Doctor of Business Administration program usually conduct practical research, experts say.

What to Know About a DBA Degree

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"A DBA is about learning the theory of business and applying it to solve real world business problems."

Business professionals who earned an MBA degree , or a Master of Business Administration, occasionally decide to pursue further education in their field through a DBA degree. A Doctor of Business Administration program allows them to gain greater expertise in business.

Cindy Young, who has a DBA degree and previously served as an officer in the U.S. military, says she pursued the degree in order to make herself more marketable.

"I'm in a competitive industry, and most people that come out of the military at the rank I did and doing the job I did come out with master's degrees, so I had to do something to set myself apart after I retired" from the military, says Young, a curriculum developer and instructor with Leidos, a defense contractor.

What's Taught in a DBA Program

DBA faculty and administrators say the programs are designed to build upon the knowledge gained via a master's degree in business.

DBA programs typically enroll "accomplished executives" who have master's degrees "and transform them into better problem-solvers and business leaders," Louis J. Grabowski, director of the executive doctorate in business program at Georgia State University's J. Mack Robinson College of Business , wrote in an email.

"This is accomplished through coursework teaching rigorous qualitative and quantitative research methods and current business theory in areas such as leadership, global change, and decision-making," he says.

Another way that a strong DBA program can help its students, Grabowski suggests, is by allowing them to "combine scientific research methods, theory, and professional experience to write and successfully defend a dissertation that casts new insights and solutions on practical problems."

Susan Davis, program director of the DBA program at Walden University , an online academic institution, describes the DBA as a "terminal degree." Davis, who has an MBA and a Ph.D., notes that DBA students often conduct research that has clear business applications.

"Traditionally, a PhD leads to an academic career and is seen as adding to the body of knowledge while a DBA is more focused for working professionals who have practical experience in their field and wish to apply existing theories and knowledge to current business problems," she wrote in an email.

How to Choose a DBA Program

Grabowski, who has an executive business doctorate from Georgia State, cautions that DBA programs vary widely in quality, so it's important to thoroughly research programs before choosing one.

"Currently there are no rankings of DBA programs by credible organizations as there are with MBA programs," he warns. "The rankings that appear on the Internet are usually self-serving or not rigorous in their methods."

Grabowski advises prospective students to investigate whether DBA programs are accredited by one or more of the following accreditation organizations: the Association to Advance Collegiate Schools of Business, or AACSB International; the Accreditation Council for Business Schools and Programs, or ACBSP; or the International Accreditation Council for Business Education, also known as IACBE.

It is also prudent to find out if the academic institution is a member of the Executive Doctorate in Business Administration Council, or EDBAC, he adds.

DBA hopefuls who have a strong preference about how much in-person interaction is required for a program should ask about that factor, since B-schools sometimes require differing amounts of face time vs. online time, Grabowski says. "If networking with other executives is an important criterion or conversely if traveling is out of the question, check to see the number of face-to-face residencies required each year."

Webinars and informational sessions can be valuable, and so can conversations with students and alumni, Grabowski says. "In short, pursuing a DBA is very beneficial, but candidates need to research very closely the various programs offered because they vary considerably in cost, structure, reputation, and rigor and unfortunately there are some very weak programs in the marketplace today."

DBA Degrees vs. Ph.D. and MBA Degrees

Young says she chose to pursue a DBA rather than a Ph.D. in business because a practice doctorate aligned better with her career goals than a research doctorate.

"I did choose a DBA over a Ph.D., because I do not want to go into academia," she says, noting that although she has taught night courses as a part-time adjunct, she would prefer to do the bulk of her work in the private sector. She says she hoped that a DBA would equip her with the skills necessary to solve difficult business problems that were facing her employers.

"A DBA is about learning the theory of business and applying it to solve real world business problems," Young wrote in an email. "Students of a DBA program most likely already work in industry and do not want to teach full-time in academia, although they may teach as adjunct professors."

In contrast, Young says, "A Ph.D. in business is about identifying and closing the gaps in the theoretical literature and the associated research." Ph.D. students typically hope to become university professors, she says.

DBA programs are intended to be more rigorous than MBA programs, experts say.

"It's very different in one simple way: an MBA is where one learns 'recipes' for management, whereas the DBA is where one 'writes the recipes,'" Michelle Mielly, academic director of the DBA program and an associate professor at the Grenoble Ecole de Management, a French graduate business school, wrote in an email. "It requires a thesis and original research, so there is a lot more intense independent study in a DBA in comparison to an MBA focused often on groupwork and the case method of teaching and learning."

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• DBA vs PhD Differences: Doctorate of Business Administration

DBA vs PhD Differences: Doctor of Business Administration

Published: 3 january 2020 | by thomas graf.

Both, the PhD in Management and the DBA, are doctoral degrees and as such have similarities. Nevertheless there are important differences that can be captured by:

• Target groups
• Access to data
• Qualification and career goals
• Knowledge creation
• Teaching mode
• Recognition

1. Doctorate of Business Administration target groups: young graduates vs. senior professionals

PhD in Management and DBA programs address different target groups. Although there may be exceptions, the general rule is: People study a PhD program when they aim at a career in social sciences and eventually want to become a fulltime professor at a business school. Their goal is to become an academic and do research. These people often come directly from the university and start the PhD after graduating. Accordingly, they often are still in their 20s and do not have much work experience.

In contrast, people do a DBA when they are already successful in business for many years and look for a new intellectual challenge. These people often have an MBA already and want to further distinguish themselves from others by doing a doctoral degree. At the same time, they are interested in management research and may have a practical research question in mind - a specific problem from their work environment for instance - that they can approach in their dissertation and that provides benefits to their companies at the same time.

Hence, these people usually are older than PhD students, some of them in their 30s, some in their 40s, some even older. They have many years of work experience, good positions, a decent salary, and tons of ambition and motivation.

2. Motivation: career perspective vs. personal challenge

A difference between PhD in Management and DBA program is often the motivation behind the studies. For PhD students the PhD is the path to a career as an academic. Their degree qualifies them as scholars and the overall goal is to start a career as a fulltime professor at a business school.

DBAs in contrast are driven primarily by the search for a personal challenge. They already have achieved a lot in their business career and some of them have an MBA. The DBA provides them with a new challenge that goes beyond the practical knowledge that they learnt in business or in the MBA. It challenges them as potential researchers.

3. Access to data: having or not having

Central for any research is the data. Data is what analyze to find support for or against your hypotheses - whether qualitative data or quantitative data. Every scholar needs to work with data over time (unless he or she only wants to publish theoretical papers) and having access to or having built up a unique database can be an important advantage when it comes to publishing in top journals.

One of the greatest advantages of many DBA students is their access to data in their own businesses. This data often is unique and sometimes can only be used for their dissertation under serious confidentiality clauses. PhD students, in contrast, often need to build up their database from the scratch, for instance by an online survey or by collecting, coding, and processing publicly available data.

4. PhD and DBA qualification and career Goals: fulltime vs. part-time academic

PhD in Management students aim at a career in academia. They apply for positions as fulltime professors after graduating or go for a Postdoc for some years. Their key activity is doing research, publishing in academic journals or books, and teaching. And this is what PhD in Management students become qualified for – at least at top schools.

In contrast, DBA graduates usually stay working professionals in their companies and want to stay in the business world even after their graduation. However, their doctoral degree qualifies them for doing research as well. They may teach as guest professors, invited or adjunct faculty occasionally and publish in practitioner or academic journals. Also, the doctor title may open some doors for them in their company's hierarchy.

5. Knowledge creation: Differences among doctoral programs in management

Another difference may be that PhD students primarily aim at developing new theory, particularly if they want to publish in top management journals. The starting point of their research often are existing theories and their knowledge gaps – those phenomena that our existing theory does not explain so far.

• The core idea here is: PhD in Management students work on research questions that are considered as important gaps by the academic community.

DBA students, on the other hand, are less required to extend existing theory. Instead, their great contribution is rather the combination of research with concrete business problems. Their starting point, for example, may be a business problem from their companies and the DBA dissertation may generate a theoretical model that explains that specific problem and at the same time abstracts from it so that the model can be applied in other contexts as well. Hence, the DBA dissertation uses often a case-study approach rather than an empirical research approach.

• The core idea here is: In the center of a DBA dissertation is a practical problem from the business world that is considered as relevant from both sides, business managers and scholars.

6. Teaching mode: fulltime vs. part-time

Although some business schools offer PhD programs also on a part-time base and although some DBA programs can be studied fulltime, the general rule is: PhD programs are fulltime programs and DBA programs can be studied part-time.

Since DBA students do not want to give up their work during the program, doctorate of business administration (DBA) programs are often organized as so-called blended programs and mix distance or online learning with residential periods. By this, the students can communicate online with professors and their peer group and only have to come together for some weeks per year. In general, DBA programs offer their students a lot of flexibility and once the coursework is over it is up to the advisor how often the DBA student needs to show up physically.

7. Financing your Doctorate in Business Administration

PhD in Management students, particularly at top schools, often get financial support during the studies, either by a scholarship or through a position as research assistant. DBA students on the other hand often pay for their education even though some schools may provide scholarships for them as well.

This makes a lot of sense given that PhD students do not work in business and hence depend on a solid financing plan. DBA students, in contrast, keep on earning money and may have some savings by which they can pay the tuition fees. They may also be able to tax-deduct their DBA expenses and most likely increase their salary once they have achieved their doctoral degree by gaining better positions. Some companies even fund DBA students, especially when they use data from their employers and when their research is relevant for their companies.

PhDs on the other hand are sponsored by their universities because the university has an interest in them. More precisely it has an interest in their future publication. If the PhD student finally becomes a fulltime professor at a renowned business school and publishes in top journals, the university's reputation increases. Hence, the investment pays off for the university in that case.

8. Recognition: established degree vs. gaining recognition

Clearly, the Doctor of Philosophy (PhD) is a worldwide recognized academic degree. It is the traditional qualification for a researcher and it is accepted internationally. In contrast, the Doctor of Business Administration (DBA) is a relatively young degree and may not be, yet, as much known and recognized as the PhD.

It is very likely though that the value of the degree depends on the reputation of the institution where it has been achieved. If the DBA comes from an established and renowned institution also the DBA degree itself may gain acceptance and the respective person may profit from a higher recognition than if the degree was obtained from a no-name school. In general, the DBA seems to gain recognition and DBA programs can be considered as an emerging market for business schools.

Further links and information on professional doctorates in management

• Please read our article Similarities between the PhD and the DBA
• Read the Wikipedia DBA article that also lists "notable persons" with a doctoral degree in business administration (DBA)

By Thomas Graf

• DBA Coaching: How you find the right DBA for you!
• Doctorate of Business Administration Similarities: DBA vs PhD
• DBA degree and the MBA: Differences
• Online DBA: online programs or blended mode
• Executive Doctorate: Executive PhD vs. Online PhD Programs
• Accreditations for Doctor of Business Administration (DBA) programs
• Faculty: Assess the Doctorate in Business Administration quality
• DBA Programs: Assess the reputation and teaching experience
• TBS Education, Toulouse Cedex 7, France
• Georgia State University (GSU), Robinson, Atlanta, USA
• ISM - International School of Management, Paris, France
• Florida International University, Miami, USA
• Business Science Institute (BSI), Château de Wiltz, Luxembourg
• Grenoble Ecole de Management, Grenoble & Paris, France; California, USA, France
• Durham University Business School, Durham, UK
• Audencia Business School, Nantes, France

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Is a DBA equivalent to a PhD?

Demystifying the Dichotomy: PhD vs. DBA – Unveiling the Paths to Business Mastery

In the realm of higher education, doctoral degrees stand as beacons of academic excellence, signifying a profound level of knowledge and research proficiency. Within the domain of business administration, two highly regarded doctorates, the Doctor of Philosophy (PhD) and the Doctor of Business Administration (DBA), often spark debate about their equivalence and suitability for aspiring business professionals. While both degrees represent the highest level of academic achievement in business, they differ significantly in their focus, structure, and intended outcomes. Understanding these distinctions is crucial for making an informed decision about your educational path.

PhD: The Path to Theoretical Excellence

The Doctor of Philosophy (PhD) in Business is a research-intensive degree designed to equip individuals with the skills and expertise to conduct original research and contribute to the advancement of knowledge in the field of business. PhD programs in business typically focus on theoretical exploration, testing existing theories, and developing new ones. Students delve into rigorous research methodologies, mastering statistical techniques, data analysis, and literature review. The culmination of a PhD in Business is a groundbreaking dissertation, a comprehensive piece of original research that significantly advances knowledge in the chosen field.

Career Trajectories for PhD Holders:

DBA: Bridging the Gap between Theory and Practice**

In contrast to the PhD’s theoretical focus, the Doctor of Business Administration (DBA) is a professional doctorate that emphasizes practical application of business knowledge to solve real-world organizational challenges. DBA programs are designed for experienced business professionals seeking to advance their careers in senior executive positions, entrepreneurial ventures, or consulting firms.

Key Features of a DBA:

Career Prospects for DBA Holders:

Making the Informed Choice: PhD vs. DBA

The decision between a PhD and a DBA ultimately depends on individual aspirations and career goals. If you are passionate about contributing to the academic world through groundbreaking research and theory development, a PhD in Business is the ideal choice. However, if you aim to apply business knowledge to solve practical problems and advance in a senior executive or consulting role, a DBA is the more suitable path.

Table: Key Differences between PhD and DBA

Both PhDs and DBAs represent significant achievements in the realm of business education. The choice between the two lies in aligning your academic pursuits with your professional ambitions. Whether you seek to make groundbreaking contributions to the field of business or apply your knowledge to drive organizational success, both paths lead to a rewarding and fulfilling career.

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DBA vs PhD.: Difference and Comparison

Doctorates are an esteemed degree for anyone to have in any industry. DBA and PhD are different types of doctoral degrees that teach and prepare you for different occupations.

They both have identical standing and recognition, just in different fields. 

Key Takeaways A DBA, or Doctor of Business Administration, focuses on practical business applications, while a PhD, or Doctor of Philosophy, is more research-oriented and theory-based. DBA graduates pursue management, consulting, or entrepreneurship careers, while PhD graduates work in academia or research institutions. Both DBA and PhD programs require original research and a dissertation. Still, the DBA emphasizes practical solutions to business problems, while a PhD focuses on contributing new knowledge to the field.

DBA vs PhD.  

A Doctor of Business Administration (DBA) degree is a professional doctorate focusing on applying business theories and practices to real-world business problems. A Doctor of Philosophy (PhD) degree is a research-focused academic degree emphasising original research.

A Doctor of Business Administration (DBA) is a professional doctorate in business. It is the highest-level postgraduate qualification available from a university, similar to a PhD.

The degree program is designed to provide practical and innovative business management knowledge that can be applied in any industry.

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DBAs are intended for experienced practitioners, such as senior managers, consultants , and entrepreneurs, who want to expand their practical knowledge. 

A PhD is the highest postgraduate qualification, and universities award a doctorate.

It entails conducting original research in a certain topic area and normally takes four years. PhD candidates conduct research, develop ideas, and test them, whereas DBA candidates apply those theories and methods to solve difficult real-world business challenges. 

Comparison Table

What is dba  .

‘DBA’ is an abbreviation for Doctor of Business Administration.

A DBA student is an established business professional who wants to improve their leadership skills and their chosen business career as a whole.  

The development of DBA programs within universities arose from the requirement for top managers and professionals to receive official recognition of their significant abilities and expertise in the business field. 

DBA programs run for three to six years. The DBA is primarily concerned with practical research that attempts to meet the needs of industry and the economy. 

This type of doctorate was initially introduced to distinguish between experienced and expert practitioners.

The doctorate is an advanced follow-up to a Master’s in Business Administration and an equal option to a standard PhD. 

The DBA program is meant to provide advanced research skills and resources to business professionals and executives for them to excel in their careers. 

DBA has several advantages, including that it is one of the most highly regarded degrees. Your professional knowledge and contribution to business theory will be greatly regarded.

You will grow as a more empowered professional, gaining leadership abilities in various business domains.  

A DBA will increase your employability and enable you to explore a variety of career pathways in business, research, management, and academia.

As future employers notice your dedication to earning your DBA, your salary potential will rise.

A doctorate in business is highly valued, offering you a competitive advantage in the employment market. 

What is PhD?  

The PhD (also known as a PhD Doctor of Philosophy) is the highest postgraduate degree that may be obtained at a university. Ph.D. recipients are permitted to hold a teaching post at a university.  

A PhD in Business Administration provides a specialized and research-based grounding for a topic in the field of business management.

This is one of the primary reasons it is highly sought after by anyone seeking to work in business-related academia or research. 

To be eligible for a PhD program, you must have a bachelor’s and a master’s degree. However, the specific qualifications will vary based on the institutions you apply to. 

There are numerous advantages to obtaining a PhD, including the fact that it is the highest degree that can be obtained.

The substantial training required to obtain a PhD enables you to deal with difficult situations professionally and personally.  

You will learn to source information efficiently and effectively as a skilled researcher. You will greatly improve your analytical ability, organizational skills, and self-confidence.

You will be acknowledged as an expert in your chosen field and admired for contributing significantly.  

You will have access to many work opportunities in academia, research, and other industries that require a PhD.

Most importantly, you will have the opportunity to pursue, investigate, and discover a field in which you are interested. 

Main Differences Between DBA and PhD.  

• DBA stands for Doctor of Business Administration, while PhD stands for Doctor of Philosophy. 
• For a DBA, you do research directly relevant to real-life business issues, whereas, for a PhD, you do research to address existing problems or answer questions. 
• The career opportunities after getting a DBA degree are related to higher management jobs or consulting jobs, whereas a PhD helps direct you in an academic career. 
• DBAs take longer to finish because most people prefer to have a job while completing it, whereas a PhD takes a shorter time. 
• DBA can be full-time or part-time for people doing it along with a job, whereas a PhD is mostly full-time. 
• It is more expensive to finish a DBA degree, while a PhD is more affordable. 
• A person with a DBA degree has a higher average salary than a PhD. 

References  

• https://www.tandfonline.com/doi/abs/10.1080/08832323.2018.1438983  
• http://www.proceedings.informingscience.org/InSITE2006/IJDSv1p035-044Fink14.pdf  

Last Updated : 13 July, 2023

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14 thoughts on “dba vs phd.: difference and comparison”.

Having a DBA degree will not only expand your professional knowledge, but also help you excel in your career. It is a great opportunity to invest in personal and professional growth.

Absolutely! DBA is a fantastic option to develop the leadership abilities and get a competitive advantage in the employment market.

ADBA can be a great option for experienced practitioners who want to expand their practical knowledge and increase their employability in various career pathways. The value of a doctorate in business cannot be underestimated.

Indeed, a DBA degree can offer a competitive advantage in the employment market.

DBA and PhD are two degrees designed for different career aspirations. A person must choose between them based on their professional goals and aspirations.

Indeed. The choice between a DBA and a PhD depends on the individual’s career prospects and their interest in practical applications or research.

Yes, the career opportunities and the time and cost commitment are crucial factors to consider.

Getting a PhD offers extensive training that really allows you to excel in your analytical abilities and be recognized as an expert in your field. If you are interested in pursuing, investigating and discovering a field, then a PhD might be the better choice.

It is a good point, but the cost and time commitment are important factors to consider. A PhD is not for everyone, as it requires a great deal of dedication and effort.

I completely agree. The PhD path is intended for those who want to dive deep into research and excel in academia or industry, without worrying so much about the cost and time commitment.

A DBA or PhD degree requires a great deal of hard work and dedication without a doubt. They both offer unique career paths and opportunities to grow professionally.

Absolutely, the decision between the two should be based on the individual’s career and research aspirations.

The PhD offers extensive research training and avant-garde knowledge in a niche area. It is an ideal choice for those with a keen interest in research and academia, although the DBA also has its unique advantages.

Absolutely, a PhD offers in-depth research opportunities and a chance to contribute to a field.

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Is an Executive Doctorate Right for Me?

Business doctorate vs. phd.

What distinguishes an Executive DBA from a PhD or a traditional MBA program?

While both programs develop research skills, an Executive Doctor of Business Administration is directed at research that advances business practice, while a PhD is directed at research that contributes first and foremost to theory. DBA research examines critical contemporary questions within their broader organizational and economic context with a focus on practical implementation. An Executive DBA differs from our MBA programs through its focus on research: whereas our MBA programs aim to develop strong leaders through existing business knowledge, students in the DBA program will be creating new knowledge.

What are the primary benefits of an Executive Doctor in Business Administration?

Upon completion of the Executive Doctor of Business Administration program, you will have earned a terminal business degree that uniquely qualifies you in an area of expertise thereby opening up opportunities to publish, speak, consult, and transition to faculty positions at applied business schools, and you will have earned the title of doctor. An Executive DBA will develop learning agility through the practice of applied research skills and develop confidence that is rooted in defensible knowledge.

How would you describe the experience of studying for a doctorate?

The Executive Doctor of Business Administration program requires a commitment to regular study and dedication to your research project. A minimum commitment of 20 hours a week on coursework and research is recommended for success. As your study progresses, you may want to devote dedicated blocks of time for research and writing. Because this is a significant commitment, make sure you have a solid network of friends and family who will support you through the program. Your cohort can also be a great resource—be sure to lean in to your learning community .

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Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond

Kasey Chatterji-Len and Anna Kovner

Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting started in the field can be daunting if you don’t know much about the preparation you’ll need and the available job opportunities. If you’re wondering what it means to be an economics researcher or how to become one, please read on. We’ll review how to prepare for a career in economics research, what an economics PhD program entails, and what types of opportunities it might bring. Economic education is a core component of the Federal Reserve Bank of New York’s mission to serve the community. To empower would-be economists, this post provides information for students who seek a career in economics research. We hope this information will be helpful to students interested in economics, regardless of their background and economic situation.  This information is most applicable to students applying to programs in the United States.  

The Breadth of Economics Research  

Academic disciplines conduct research in different ways, so it’s important to have a basic understanding of the types of questions economists ask and how they approach answering them. There are many definitions of economics, but a broadly useful one is the study of how people, organizations, and governments make decisions under different constraints, and how those decisions may affect their outcomes. 

When answering these questions, economists seek to ground their analyses in models and to be quantitatively precise about the effects they assign to any given cause. The range of topics economists can study is wide, but the accepted approaches to answering questions are stricter. Some examples of what economists might ask: 

• How do different public housing programs affect the children who live there? 
• Does a certain type of law encourage businesses to innovate? 
• How will a change in the interest rate affect inflation and unemployment rates? 
• How much does affordable health insurance improve people’s health? 
• How can poor countries eradicate poverty? 

There are many different subfields within economics, including, but not limited to behavioral, econometrics, energy/environmental, development, financial, international, monetary, public, and urban economics. You can familiarize yourself with the latest work in economics by subscribing to working paper series, such as NBER’s New This Week or the New York Fed’s Staff Reports . To get an idea of the breadth of questions economists can answer, you could listen to Stephen Dubner’s “ Freakonomics Radio ” podcast. You may also want to explore the Journal of Economic Perspectives , the New York Fed’s Liberty Street Economics blog, VoxDev , or VoxEU .  

What Is a PhD Program Like?    

Economics PhD programs typically last five to seven years. Unlike masters programs, they are often fully funded with a stipend, though most require students to complete teaching assistant and/or research assistant (RA) work as part of their funding package. In the first two years, students take classes, many of which are mathematically demanding. The rest of the program can include additional classes but is primarily devoted to original research with the aim of producing publishable papers that will constitute the dissertation.  

Faculty advisors are a central part of PhD programs, as students look to them for guidance during the research process. Economics PhD programs are offered within university economics departments, but there are similar programs in public policy and business schools. You can look at their websites to understand any differences in coursework and subsequent job placements. 

What Can You Do with an Economics PhD?  

Upon graduation, students can obtain jobs in a variety of industries. Many PhD students hope to become university professors. Governments and public policy-related institutions such as the Federal Reserve System, the U.S. federal government, the World Bank, and the International Monetary Fund (IMF) also hire economists to work on policy, lead programs, and conduct research. Finally, economics PhD graduates can also find employment at a variety of private sector companies, including banks, economic consulting firms, and big tech companies. The pay for these different positions can vary. According to the American Economics Association (AEA), the average starting salary for economics assistant professors in 2022-23 was approximately $140,000 at PhD granting institutions and $98,000 at BA granting institutions. 

Programs often publish the placements of their PhD graduates, so you can look online to see specific employment outcomes. See, for example, the University of Maryland’s placements . Ultimately, economists are highly regarded as authorities on a variety of topics. Governments, nonprofits, philanthropic foundations, financial institutions, and non-financial businesses all look to economists to answer important questions about how to best achieve their goals. Thus, earning an economics Ph.D. can potentially help you to influence issues that are important to you. 

Preparing for an Economics PhD Program  

There are several components to an economics PhD program application: college transcripts, GRE scores, letters of recommendation, and personal statements. Please download the Appendix linked below to learn more about transcripts and letters of recommendation. The Appendix details ways in which you can select coursework, obtain research experience, and develop relationships to position yourself for success as a PhD applicant.  

If you feel that you are too far along in your academic career to take enough of the classes described in the Appendix, this does not necessarily preclude you from pursuing an economics PhD. For example, it’s possible to take some of these classes through a master’s program, or through a pre-doctoral RA job. Some pre-doctoral RA jobs, such as the one here at the New York Fed , may enable you to take classes in preparation for graduate school. If you are concerned about your transcript, reach out to an economist at your university for advice; program standards for coursework and grades vary, and it’s a good idea to get more personalized advice. 

Research Experience   

If you’re interested in becoming an economics researcher and applying to PhD programs, it’s best to get research experience as soon as possible. Working as an RA is a great way to learn how to conduct research and get a better idea of whether it’s the right career path for you. Additionally, it can help you obtain a letter of recommendation for graduate school applications and improve your qualifications.  

All types of academic research can be enriching, but it’s beneficial to gain experience working directly with an economist. To find a position, you can reach out to professors whose work you find interesting or find an RA program at your school. Typical RA tasks may involve data collection and cleaning, as well as running analyses and creating charts to represent results. This is where coding skills become crucial; having taken math, statistics, and econometrics courses will also enable you to take on more responsibilities. 

You may also have the opportunity to conduct your own research, possibly under the supervision of a professor at your university. This research could be self-initiated or part of a course such as a thesis workshop. Self-directed research is a great opportunity to learn about all stages of the research process. It’s also an excellent opportunity to create a writing sample for graduate school applications. Ultimately, though, your motivation for conducting your own research project should be that you want to answer a question.  One thing economists have in common is a love of answering questions using data and theory. 

Research experience is also often obtained after completing an undergraduate or master’s degree. Taking on a full-time RA position before applying to PhD programs is very common and can make you a more competitive applicant. You may either get an RA job working for a professor or participate in a pre-doctoral RA program.  

Research assistant programs are more structured than positions with individual professors or projects, which could be helpful. Universities, parts of the government, think tanks, research organizations, and the Federal Reserve System are all good places to look for research assistant programs. To help you decide which opportunities are most desirable, you may want to ask potential employers : Where do people in this program tend to go afterward? Will I be working directly with an economist? How much of my time will be spent on academic research work? Will I be able to take classes as part of this program? Considering whether an economist will be able to evaluate your performance is an important factor for recommendation letters. The ability to take classes, either through tuition reimbursement or waivers, can also be an important benefit. 

The Research Analyst program here at the Federal Reserve Bank of New York is one example of these programs and you should check it out here . The Federal Reserve Board of Governors also has a large program, and many other regional Federal Reserve Banks have similar programs. In addition, the PREDOC website and the  NBER post listings of RA opportunities. J-PAL and IPA also tend to recruit RAs for economic development projects. Another source of RA opportunities is the @econ_ra account on X. 

Who Should Get a PhD in Economics?  

A PhD may not be for everyone, but it is for anyone—people of all genders, religions, ethnicities, races, and national origins have PhDs in economics. Many economists majored in economics, but others majored in math, physics, or chemistry. Because economics is such an integral part of policymaking, it is important that economists come from a wide range of backgrounds so policy can be stronger and more effective. The inclusion of differing perspectives helps ensure that the contribution of economists to work in public policy, academia, and beyond effectively serves the broadest range of society. 

• Coursework Appendix

Kasey Chatterji-Len is a research analyst in the Federal Reserve Bank of New York’s Research and Statistics Group.

Anna Kovner  is the director of Financial Stability Policy Research in the Bank’s Research and Statistics Group.

How to cite this post: Kasey Chatterji-Len and Anna Kovner, “Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond,” Federal Reserve Bank of New York Liberty Street Economics , May 31, 2024, https://libertystreeteconomics.newyorkfed.org/2024/05/thinking-of-pursuing-a-phd-in-economics-info-on-graduate-school-and-beyond/.

You may also be interested in: AEA: Resources for Students

PREDOC: Guidance for Undergraduates

RA Positions-Not at the NBER

Disclaimer The views expressed in this post are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author(s).

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The editors are Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar, all economists in the Bank’s Research Group.

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