PhD in Management: What are the Best Jobs in Store?

When you look around at the different disciplines that make students vie for PHD admission in India, you will understand that a PhD program in business is aspiring students like never before. Requiring four years of hard core study for a doctorate program, PhD in management and business typically involves about two years of qualifying exams and formal coursework, which is followed by years of developing, researching, and defending a dissertation.

While the roadmap linked with this program is not easy for most candidates, those who manage to overcome all the hurdles and demands involved with this kind of higher education in India, are not left empty-handed. Over time, they learn all the ins and outs of business by going through numerous topics in detail, especially those including:

Consumer Behavior

Operations Management

Operations Research

Marketing Strategies

Econometrics

Information Systems

Corporate Finance

Apart from gaining adequate levels of knowledge in most aspects of finance and marketing, students of PhD in management also find themselves on the threshold of lucrative, prestigious and coveted career options.

Careers Choices in Business

After seeking PHD admission in India, the long list of careers in store for those holding a doctorate degree in business is quite expansive. The commonest job choices are:

Business Professors

Students who have enjoyed their term in academia may desire to return, however, in a very different role. A PhD holder in business qualifies as an individual who is eligible to teach at a college. Most professors are keen to work on young, fresh minds, even as they continue expanding their own realms of knowledge connected with the business world via research. Professors perform numerous duties while taking a student through the course – from developing and preparing course lessons to grading assignments, from explaining theory to guiding students through real business world examples.

Management Analyst or Business Consultant

The primary work of a management analyst or business consultant is to analyze business data and develop strategies that help improve the working and performance of the company. Business consultants are required by companies in the private sector as well as government agencies. A business analyst needs to have a thorough understanding of not only the company’s business but also of the environment in which it functions. A good business analyst can help the company save money and grow by restructuring the methods and policy, or by increasing its efficiency through carefully planned programs. While most consultants work on a contractual basis with companies, now there is a trend of hiring business analysts on a full time basis.

Financial Manager

Responsible for the financial aspects of the company, the financial manager’s duties cover documentation related to financial issues, developing and planning financial strategies and budgets, as well as working towards saving money to offer increasing profits for the company. A financial manager could be a treasurer, a finance controller, an insurance manager – whatever the role, the common factor is his/ her working with numbers to ensure the financial well being of an organization.

Last Word

Pursuing a PhD in business prepares a student for administrative positions also. Administrative staffs are an integral part of most organizations and their requirement ranges in all departments of business. Salaries for administrative positions depend on the complexity and nature of the business. However, you can be sure that with a PhD in business, there are a large number of high paying and high quality jobs available to you.

All the best.