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What is PhD in Management?
PhD in Management is a professional and the highest degree in Business Administration and Management. It is a Doctoral Program in Management. The degree helps you gain a doctoral title with your research work. It is designed for individuals who want to contribute their original research in the field of management.
PhD in Management eligibility for working professionals depends on different universities. But it usually requires a master’s degree in management, economics, commerce and related fields. Along with that, it is mandatory to have a minimum of 5 years of working experience, depending on the university. Some universities also require an examination like CAT, UGC NET, GMAT or the university exam. Along with that, there’s another round of interview for individuals who clear all the prior rounds, this determines their final selection.
The duration for PhD in Management working professionals is 4-6 years depending on different universities. Along with that, classes are held in hybrid, online, and selective campus visits. This ensures the working professional further that they can pursue it along with their jobs. It is similar to a part time PhD in management.
Types of PhD in Management
PhD in Management is an academic degree which focuses on research and study within the field of management. There are various PhD in commerce subjects in management, with different specializations. Some of them which acts as a bifurcation are mentioned below:
- PhD in Human Resource Management
PhD in Human Resource Management is 3-6 years professional, doctoral degree which helps gain organizational skills, training and development skills, communication skills and much more. The eligibility criteria for this program are master’s degree in the fields of MBA, PGDM and related fields with an aggerate of 60% marks. It is followed by an entrance exam and a personal interview (PI) round. The annual fee ranges from INR 30,000 to 1 lakh annually.
2. PhD in Business Management
PhD in Business Management or PhD in Business Administration is a three-year doctoral level course which is focused on the field of business and management. The eligibility criteria for the same is master’s degree in the fields like MBA, PGDM and related fields with an aggregate of 55-60% marks. It is followed by an entrance exam like BITS Pilani PhD Entrance Exam, UGC-NET, XIMB-RAT and much more depending on the university. An interview around is also taken as a final round. The annual fee for this program ranges between 9,000 to 18 lakhs depending on different universities.
3. PhD in Marketing Management
PhD in Marketing Management is a 3-to-5-year doctoral degree which is suitable for professionals and researchers who are interested in marketing theory, consumer behavior, and marketing strategy. The eligibility criteria are like the above bifurcations, master’s degree in the fields like MBA, PGDM and related fields with an aggregate of 55-60% marks. This is also followed by an entrance exam and a personal interview round. The annual fee for the program ranges between INR 60,000 to 6 lakhs annually.
Universities for PhD in Management in India for working professionals
As India is slowly working its way forward in terms of conducting online, and part-time courses for especially the working professionals, there are only a few universities which have introduced PhD courses for working professionals. Below are some of the universities who provide PhD courses especially with respect to the working professionals:
- Various IIMs including IIM Ahmedabad, Bangalore, Indore, and many more
- MDI Gurgaon
- SPJIMR Mumbai
- BITS Pilani
- NMIMS Mumbai
- Symbiosis International University Mumbai
Benefits of PhD in Management for Working Professionals
- Working professionals who want to pursue PhD research courses like Management can now enroll in various universities and avail several benefits as mentioned below:
- Career Opportunities: An individual willingly pursues PhD in Management can excel above their current designation. It is famously said how with an addition to your degree, you belong to the upper hierarchy in any organization. One can be a policy advisor or Strategy Head with their degree.
- Teaching Opportunities: The field of teaching is often known to us for so many opportunities and giving back to society. Interested researchers can opt for teaching opportunities, being a guest faculty, professor or anything that suits them. With UGC NET and PhD in hand, you become exceptionally qualified.
- Problem Solving: PhD in Management is a professional hand-on training experience wherein researchers solve the problems of the real world in focus. It requires an evidence-based research study, using your skills.
- Networking and Collaboration: While gaining a doctoral title before your name gives a prestigious title but alongside, you can also create networks as more people would want to connect with you. Along with that, you can equip yourself with conferences, publishing and research networks.
Job Opportunities after PhD in Management
With PhD degree, one can look forward to making a career in many fields. And even as a working professional, one can climb the higher stairs with their doctoral degree. PhD courses in India are difficult to complete but at the same time provide you with a good career and salary. Below mentioned are some of the desired and upgraded job opportunities with PhD degree:
- Academic Role: Whether it be an assistant professor, researcher, or even dean of the university, one gains access to a higher position and a better job circle with a PhD degree in their specialized management field.
- Chief Strategic Officer: A CSO is a high-level executive who develops and executes a company’s strategic plan to achieve its goal.
- Strategy Consultant: A professional who advice company on developing and implementing a company’s plan to achieve the desirable goals.
- Policy Analyst: Policy Analyst investigates the current and potential policies using their research in a company, to propose a solution to the faces social problems.
- Digital Transformation Lead: A digital transformation lead is responsible for guiding a company through the process of adopting digital technologies. They drive the company to the path of a digitalized world.
Conclusion
It is usually two times harder for working professionals to pursue a course even if it interests them. India is slowly becoming exclusive in accepting working professionals to pursue their dreams. It has not been easy but worthwhile.
PhD in Management is suitable for individuals who want to be a researcher or a teacher as it avails them with better benefits. With an entrance exam and a personal round of interview, one can now manage a degree alongside their 7 to 5 work schedules. It is an easier and more relaxed way of earning a degree. Grab your seat soon to be the future doctorate holder!
While DBA is considered the highest degree in the field of business. But one can pursue PhD in Management after that if you want to switch into the field of academia or research.
PhD in Management is eligible for researchers who hold a master's degree in management, economics, commerce and related fields. Along with that, it is mandatory to have a minimum of 5 or less years of working experience, depending on the university.
HCL, Microsoft, Wipro, Reliance, and Tata Motors are some of the recruiters of PhD in Management.
PhD in Business Management is of 3 years.
Every university is best when it comes to pursuing any field, especially for working professionals. But IIMs are considered one of the best to pursue any degree including PhD in Management.
