What can be more exciting than studying abroad to get a PhD in Business? Just imagine all of the opportunities that could come your way! While certainly not an easy feat, thousands of students annually compete for PhD Business programs all around the country—many with high ambitions and concrete reasons for doing so. Have you ever thought about the benefits of studying abroad to obtain your PhD? It’s very possible with hard work and good test scores. And how fun would it be to be referred to as a doctor?
Manhattan Review counsels hundreds of PhD applicants towards getting into the school of their dreams. After all, they know the GMAT, GRE, and application process more so than any of their competitors. The benefits of having a PhD in Business supersede the fancy title, too. Not only are there post-graduation employment opportunities for those with such a high degree, but also scholarship opportunities to fund your education, as well. Let’s take a look at the factors that play into this process.
Advantages of a PhD in Business
Thankfully, with the advent of quality b-schools all around the world, business professors are in high demand. If you’re looking to ultimately teach full or part-time with your PhD in Business, the onslaught of b-school applications in addition to the retirement of existing professors gives way for remarkable opportunities at fantastic institutions. If you’re looking for opportunities outside of higher education, you’re in luck, as well, because you’re not just limited to academia with a doctorate degree. Many PhDs in Business go on to work for investment banks, consulting firms, and other arenas of the private industry. Governmental organizations such as the International Monetary Fund and the World Trade Organization also prefer many of their employees to have PhDs. Thankfully, this hard-earned degree can open a lot of doors and lead the way to fruitful and lucrative post-graduate careers.
Difference between DBA & PhD
When researching PhD programs in Business, you will most certainly come across the viable choice between two degrees: A PhD and a DBA. While similar in nature, these two types of degrees focus on different things. A PhD, for instance, is centered around thought leadership, the cultivation of new theories, as well as expanding on existing theories. A DBA, on the other hand, is practitioner-based and utilizes current research and theories for hands-on, day-to-day solutions to problems that arise in the workplace. While both degrees give way to consulting, teaching, and publishing upon completion, they do have slight variations and purposes. A PhD, for example, has a specialization in business management, whereas a DBA is a doctor of business administration, focusing on applied research and leadership within business organizations. Both are exciting opportunities for a real proficient understanding of the business world, but must be selected carefully, depending on post-grad aspirations and goals.
Scholarships for PhD Students
Many PhD Business programs around the world are funded partially or entirely by scholarships, which is certainly good news for prospective students! In many cases, not only is tuition covered, but so is a small stipend for living expenses for the four to six-year period or duration of the student’s doctoral studies. Not all universities provide this service, however, so before applying, it’s important to find out exactly what scholarship opportunities are offered and where. Some prominent universities that offer full funding to all admitted students include: Duke University Fuqua School of Business, London Business School, Stanford Business School, University of Southern California Marshall School of Business, Rice University Graduate School of Business, as well as Ohio State University Fisher College of Business.
You would be surprised the funding opportunities available, which hopefully serves as encouragement to pursue that PhD in Business you have always dreamed of!
Whether you’re seeking admissions counseling from Manhattan Review Bangalore or another esteemed preparatory firm, chances are you have your sights set on an elite school for PhD consideration. Studying abroad is an exciting time for any student, particularly at such venerated and top tier institutions as the ones in the United States and Europe. Begin your PhD application process right away and know that you have advantages and benefits awaiting for you on the other side of that degree.