DBA vs MBA: key differences
Although both are graduate degrees, there are still differences when comparing the rating of DBA vs MBA.
- MBA: If you enroll full-time, you can expect an MBA to last two years. Alternatively, you can enroll in an accelerated program which may take a year. Enrolling in an online program gives you the flexibility to study at your own pace.
- DBAs: The duration of DBAs varies but usually lasts between three and five years.
Why do people choose to do a PhD?
If it’s easier to get a job with two masters than with a doctorate, why do people still do doctorates? The obvious answer is that many people do a PhD without even achieving it. I think that’s only part of the story. There is much more to it than that. In fact, when you talk to people about why they chose a PhD, you get a mix of answers. There are as many unique responses to follow as a graduate student as there are people following them.
- An important reason is that people study something they like. They are willing to take a pay cut for this luxury.
- Many people do a PhD because they like a challenge. I think I’m more in this camp. For me, it’s quite difficult, but this challenge is fun because it never ends.
- Another reason people choose a doctorate over another master’s is that academics are family oriented. Like most professions, people follow what their parents did. Why? They just know more about these options and are therefore more likely to choose the academic path in life.
- I think for a group, people, they see that the reward is far in the future. You see the many great possibilities as you continue to pursue your dream. There are many opportunities available to you when you do a PhD. Probably less because you are different, but because others see you differently. For example, it is much easier to have a conversation with a senior executive at a company if you say that Dr.
- If you come from another country, you can significantly increase your mobility with a good promotion. For example, I was able to move from Canada to the United States because of my studies.
Why you should do an MBA after your PhD
Most PhD students choose to stay in academia and pursue a career at a university. However, a doctorate does not limit you to academia. There are many research-oriented jobs in the industry. Most of the skills acquired by doctoral students believe that their doctoral program is an asset to companies. For example, students learn how to conduct research (research and development jobs), data analysis, technical writing, teaching, etc.
Although not always necessary, an MBA can ease your transition from academia to industry. The skills acquired through an MBA are industry focused. In addition, an MBA gives you the experience of working in a team and being a leader.
MBA Salary Statistics
Let’s talk PhD. and MBA salary and who earns more – MBA or Ph.D I want you to take this statistical information on salary and who earns more with a grain of salt. Because an average number should only be interpreted as the average of a large number of MBAs or PhDs.
Some MBAs and PhDs earn more and change average, but others earn less. You have to understand that the media, academia and everyone else interprets the numbers in their own selfish way.