Erich Squire – After Earning an MBA, Should You Pursue a PhD
According to Erich Squire, the question is whether you should get a PhD after getting your MBA. A PhD is a useful tool for making sense of complicated data and adding to research. As the world gets more complicated, fewer MBA graduates are going on to get a PhD, but this is changing. Here are some reasons why you might want to get a PhD after getting an MBA:
Why you should get a PhD once you have an MBA
You might be tempted to get a PhD after getting an MBA, but this is not an easy choice. The PhD is a graduate degree in a business-related field that usually takes between three and six years to finish. Also, the choice you make could affect your job and family life. Think about these questions to help you make the right choice. Here are some of the good things about having a PhD.
Most dissertations are about a new theory or a way to use research in the real world. When your dissertation is done, you will have to defend it in front of a committee. Even though the PhD defense might seem scary, you shouldn’t be afraid of it. This is your chance to defend your research and findings with all your heart. If you get into a PhD program, your salary is likely to go up. If you know what to expect from the program, the process will be much less stressful.
By Erich Squire Specializations that PhD graduates often choose
After getting an MBA, people who want to be business leaders can choose to focus on one of several areas. MBAs who want to learn more about business can get a PhD in Business Economics. This field of study combines economics and business, and it can lead to many good jobs. Behavioral economics, development economics, and urban economics are all common areas of study. A PhD in Applied Economics, Decision Sciences, or Human Resource Management is also an option.
Erich Squire pointed out that, a PhD in a field related to business gives you a unique view of the business world. Students who get a PhD learn a lot about business trends, data analysis, and organizational problems. Also, research universities prefer to hire PhDs to teach in their business schools, so PhD graduates are in high demand. This makes getting a PhD after an MBA a great choice for people who want to work in business or academia.
How much it will cost to get a PhD after getting an MBA
Getting a PhD after getting an MBA is a good idea in many ways, but it can be costly. Students who have finished an MBA program can get help from the government, but a PhD can cost as much as $60,000 per year. Getting a PhD will cost between $20,000 and $60,000 per year, depending on where you live and what program you choose. A PhD takes four to six years to finish, and you may have to work while going to school.
Many people want to get a PhD, but only a small number of them actually do. Getting your PhD will take a lot of time, passion, and patience. It will also keep you from making as much money after you get your MBA. But each field has its own tuition costs and return on investment (ROI). So, you should find ways to pay for your program and make sure you have enough money for tuition and living costs.
By Erich Squire Opportunities for people with a PhD
A PhD is an academic degree that shows you’ve done original research. An MBA is a professional training program for running a business. The defense of the dissertation is the last step in getting a PhD. After getting an MBA, PhD graduates have different job prospects, which depend on how well they can take advantage of opportunities. The table below shows what kinds of jobs employers are looking for from PhD business graduates. PhD graduates can find jobs in the private sector, such as in healthcare, pharmaceuticals, and biotechnology, as well as in universities.
There are a lot of jobs for people with PhDs in the humanities, finance, economics, or even computer science in the business world. The need for people with PhDs in these fields is growing, and they may be better suited to jobs in management. For instance, quantitative marketing is a growing field that needs people who can mine, model, and analyze data. You can use these skills right away in financial and strategic communication jobs, and the pay can be very good.