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8 Reasons to Go for a Doctorate in Business Administration (DBA)

If you would like to become a business leader or climb to the highest positions in business, you will require the right qualifications. A Doctorate in Business Administration (DBA) degree gives you the right skills that are necessary to succeed at these levels. Although many DBA degrees seek to make you an expert in one area of business management and administration, these degrees also open doors and allow you to get into various leadership roles. In this article, we will look at additional reasons why you should pursue a DBA degree.

It Helps You Stand Out

With a lot more people obtaining Master’s in Business Administration (MBA) degrees, it is getting a lot harder for those with similar degrees to stand out. According to some, the market is starting to get saturated with people who have MBAs and this is why it is no longer enough to just have an MBA degree. A DBA allows you to stand out in a crowd full of people with an MBA.

Also, a DBA shows that you are willing to put in the time and work required to become a business leader. DBA holders also stand out because they have advanced skills that are crucial in positions where strategic planning [1] and difficult decision-making is the norm.

Lastly, human resource (HR) departments will usually hire the person with the highest qualifications. By having a DBA, you naturally help your CV rise to the top.

It Lights a Fire Under You

If you are personally invested in what you are doing and motivated to get into business leadership positions, it gets easier to get into the leadership position you crave. Completing a DBA can help give you the motivation you need to succeed.

Knowing that you get to pick the exact career and positions you are interested in is also a huge motivator for a lot of people. A DBA gives them the chance to do exactly this and this is why a DBA is such a potent tool for helping people work towards the positions and career trajectories they are interested in.

It Opens Up Your Career

Earning a DBA makes you an expert in business and arms you with the skills that make it possible to pursue senior management positions. Additionally, pursuing a DBA can lead to new career opportunities in areas such as consultancy or research.

By understanding the challenges that face different industries and the skills required to craft solutions to these problems, DBA degree holders are better prepared to work in a diverse range of industries and fields including government, non-profit, business and healthcare.

If you are interested in solving problems and can generate new ideas and knowledge, there are also lots of opportunities in academia and academic research.

Higher Salary

A general rule is that the more qualifications and certifications you have, the higher the salary you can earn. With a DBA, you increase your chances of getting into higher or senior management positions which come with a higher salary.

In many companies that hire those with DBA degrees, the salaries tend to be higher than those of people with bachelor’s or master’s degrees. Also, smaller companies are starting to pay higher salaries for DBA holders. This is because they understand the value that DBA holders can provide.

Flexible Options

A major reason why a DBA is an attractive option is that you can earn the degree online if you wish. If you are pursuing a DBA, it is likely that you already have a job and other life commitments that might not allow you to take a traditional course that requires you attend multiple seminars and lectures.

Whether you are working, raising a family or running a business, completing an online DBA degree [2] gives you the flexibility to keep your life moving while you earn the degree. Some institutions also go as far as offering DBA programs that do not require you to complete any in-person coursework, which is a huge advantage.

Professional and Personal Challenge

Earning a DBA is rigorous, challenging and oftentimes extremely difficult. Because of this, earning one challenges you both professionally and personally. Professionally, it challenges you to become a better business leader and the best in your field. Personally, it challenges you to develop the resilience and motivation required to reach a career or personal goal, no matter how challenging that might be.

It Helps You See the Big Picture

The amount of data and information being collected by businesses has grown exponentially. Business leaders are now being forced to learn more than they ever did to take advantage of this data and to have a better understanding of what is going on in the world, business or otherwise.

DBA degrees teach you how to see the big picture [3]. Because of this, DBA holders are better able to work with data analysts and scientists to use the knowledge they get from data and the information to solve business problems, as well as find new and innovative ways to take advantage of and make use of this data.

It Improves Your Credibility

One main difference between an MBA and a DBA degree is that while the MBA is designed to have a broad scope, DBAs are meant to make holders authorities in specific areas. DBA programmes not only teach advanced research, presentation and writing skills, they also arm graduates with advanced research skills that are not taught in MBA programmes. This level of focus helps increase a graduate’s credentials. While earning an MBA might have helped propel you to a senior management position, that is no longer the case. The market is almost saturated with MBAs which means that standing out is getting difficult. Also, businesses are now looking for candidates who have kept up with the latest trends, information, technology and knowledge in the business field. Earning a DBA is a great way to not only stand out but to demonstrate that you have what it takes to hold a business leadership or senior management position.

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