PhD in Management- For a Successful Career in Industry and Academia

Posted by Jindal Business on March 11th, 2020

If you wish to obtain the education to become a university business lecturer or possibly become a well-known writer of business books, then consider doing a PhD in management. In today’s educationally challenging world, Obtaining higher academic position or faculty is cumbersome without a doctorate. With the advent of PhD programs, students can research to maintain the integrity and uniqueness of the program.

The students go for PhD in Management admission to acquire business knowledge with specialization in accounting, economics, ethics and legal studies, marketing, entrepreneurship etc.  The doctorate in management demands about 4 to 5 years to complete and has a usual structure of 2 years of intensive coursework and a comprehensive examination along with 2 to 3 years period of the dissertation.

What is the Eligibility for PhD in Management?

Students wishing to uplift the skills with the higher degree like PhD in management must apply with their master’s degree in the top universities of India. The students with master’s degree from any discipline can apply for the course all over the country.

Scope of PhD in Management in India

It’s a typical myth that PhD is a practice-based study module to become a university professor. Yes, it is right to an extent but the scope of PhD goes beyond academia. The balance of PhDs joining academia is not very large as compared to the number of students having PhD degrees. The employment scenario in India and other international countries is shifting drastically, leading to the reshuffling of the objective of PhD students.

Career Prospects

In the first place, you need to know that the value of a PhD degree is measured in terms of knowledge and skills. You need to have both these traits to shine in the career of your choice. Let’s take a look at some of the career options after doing PhD in Management program:

• Business Professor

A PhD in Management qualifies an individual for teaching students in business at the university level via not only lectures but also the development of proper exercises and the practice of regular assessments.

• Management Consultant

 Business Consultants build relationships with vendors and create plans that can meet a company's business aims. Consultants can be brought in to deal with a variety of organization issues, but they will regularly need to be both logical in their access to the data and collaborative in dealing with people.

• Policy Analyst

Some of the skills required via doctoral work in management are interchangeable to the public policy field. Policy analysts examine current policies and collaborate with multiple stakeholders in the development of new programs

• Organizational Change Manager

Change managers work inside an organization to expedite changes that improve business methods. These experts are responsible for devising and executing a variety of changes. 

Usually, a degree in management gives knowledge in the field of business. A doctorate in the field puts one on an inevitable path to be a specialist in organizing, planning, forecasting, examining the nature of business models and market forces.