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Higher studies often encompass the decision of pursuing a bachelor’s, master’s and then, if you feel like delving deeper into your chosen field, a doctorate degree. When it comes to the vast domain of commerce, a PhD is commonly chosen by those wanting to explore the academic arena. Working professionals don’t usually opt for a PhD given the extensive amount of time it demands and also because it has more of academic use. So, if you have recently completed your Master of Business Administration, choosing a PhD might require some thinking to finally arrive at the right decision.
PhD in Psychology: Top Universities
With psychology becoming more and more popular amongst students, top universities across the world, apart from offering bachelor and master level courses, are now offering a PhD in Psychology. Providing world-class facilities and educational infrastructure, listed below are some of the top universities offering this program:
- Monash University
- University of Surrey
- University of San Francisco
- University of Auckland
- Stanford University
- Massey University
- University of Portsmouth
- University of Illinois
- Griffith University
- University of Northern British Columbia
- University of Adelaide
- University of Toronto
- The University of Manchester
Eligibility Criteria: PhD in Psychology
For enrolling in the PhD in Psychology program, a candidate needs to meet certain criteria for eligibility. Although, the parameters may vary from one university to another, listed below are some common prerequisites:
- An undergraduate degree in psychology or any such related course, such as BSc Psychology.
- Usually, for taking admission into PhD programs, it is necessary for the candidates to pursue masters-level courses like MSc Psychology, MSc Clinical Psychology, etc. However, this is not mandated by some universities and one can easily enroll in the PhD program just after completing bachelor degree.
- The candidates must have a good GRE score apart from English language proficiency test scores like IELTS/TOEFL/PTE.
- SOP, LORs, Transcripts, CV, etc form the other essential documents for admission.
PhD After MBA: Specializations Offered
In Business and Management, there is an array of specialised PhD courses that one can choose from. Some of the major areas of specialization for PhD after MBA are enlisted as follows:
| PhD in Entrepreneurship | PhD in Commerce | PhD in Accounting |
| PhD in Management | PhD in Economics | PhD in Commercial Law |
| PhD in Human Resource Management | PhD in Operational Research | PhD in Marketing |
| PhD in Healthcare and Management | PhD in Organizational Behaviour | PhD in Finance |
| PhD in Chemistry | PhD in Computer Science | PhD in Law |
| PhD in IT | PhD in Engineering | PhD in Political Science |
| PhD in Education | PhD in Statistics | PhD in Psychology |
phD after MBA Program Overview
A PhD in Psychology is a doctoral-level program that provides rigorous training in research for the individuals who want to pursue a career as an academician or the ones who want to practice as a clinical psychologist. The course covers various aspects of psychology such as cognition, perception, neuroscience, behaviour, etc. This program typically runs for a period of 4 years for full-time and 7-8 years for a part-time course. While in the initial years, the students undergo theoretical training, the course comes to an end with a dissertation project and thesis. The typical curriculum of this doctorate program in Psychology includes:
- Perception and Reality
- Graduate Research Methods
- Affective Science
- Advanced Statistical Modeling
- Developmental Psychology
- Attitudes and Social Judgement
- Foundations of Cognition
- Advances in Neuroscience
Popular Study Destinations
Apart from selecting a specialization, it is equally important to lay emphasis on choosing the best study abroad destinations and university to pursue a PhD in Psychology. A place that gives you access to world-class facilities and promotes achieving academic excellence. Listed below are the top destinations to study psychology.
- United States of America
- Australia
- Germany
- United Kingdom
- Canada
- Germany
- France
- Japan
Benefits of PhD after MBA
What is a PhD
Ph.D. stands for Doctorate of Philosophy. It’s considered one of the most common and highest degrees of an academic level award for a course of study.
Eligibility criteria for PhD after MBA
Once we have the basic idea of a Ph.D. now let us know what the eligibility criteria are if you are looking to pursue the Ph.D. after your MBA. The first thing is the candidate must complete his/her 2 years MBA degree with good marks in India then he/she needs to appear for UGC-NET or GATE exam. Upon successfully clearing the exam the candidate can get admitted into the top Ph.D. providing universities and various business schools all across the country (India). In India, based upon the rules and regulations of the various universities the candidate can complete the Ph.D. after MBA with the time range of three years to five years.
what kind of PhD after MBA: Specializations for PhD’s in Business
Just now we have discussed the eligibility criteria for Ph.D. If you satisfy these criteria, For sure you can continue with a Ph.D. after your MBA. So now let’s discuss various specializations for Ph.D. in business :
After MBA there are a lot of specializations available for Ph.D. holders in terms of business background here we have mentioned some of the best specializations which can have excellent demand in the market.
- Business Economics
This topic deals with various economic analyses with risk management, business, and various other areas to deal with.
- Accounting
This topic deals to solve the issues based on economics-related statistics and decision theory.
- Finance
Finance deals with research based on asset management, portfolios, etc.
- Operation information & technology
This topic study is based upon the management of systems, networks, and processes in most cases it also covers health-related caring systems and manufacturing, product design, and many more.
- Marketing
Marketing deals with the research of various marketing strategies to grow the business, Solve various marketing problems. Along with all this decision-making, statistics of the company, data management, and economy of the firm are to be taken in research.
- Organizational behavior
This topic is based upon psychology, sociology, and the common behaviors of the various people of organizations and other similar topics.
All these mentioned topics have their demand and a lot of topics which you need to complete during your Ph.D. academics to gain your Ph.D. degree.
Benefits of PhD after MBA
From the above sections, we have gained enough information about Ph.D. after the MBA. So now let’s finally discuss what are the benefits of Phd after MBA.
As you complete the Ph.D. means you become a specialist in that certain subject. So Ph.D. holders are always preferred before normal MBA holders so you gain a competitive advantage. The salary which a normal MBA candidate gets is always less than yours, which means you will be paid high. As you become among the top educated people you have a high salary along with much respect in the society. You can also have enough chances to lead a firm as their entrepreneurial ventures.
PhD Courses after MBA offer an opportunity to specialise and research in a particular topic and to pursue a career in academia and research as well as in corporates. While there are only a handful of students who take up this route, it is highly rewarding both in terms of remuneration and designation. Further, owing to the research-oriented expertise in a particular fields, PhD holders are also offered positions in various research organisations, think tanks, government departments [in policy making], etc. In this article, we shall present and elaborate in brief, the several PhD courses after MBA available for candidates.
PhD Courses after MBA: Key Points
The following table lists the key fundamental points related to the PhD Course for MBA.
| Course | Doctorate in Philosophy or PhD in Management |
| Level of the Course | Doctorate |
| Eligibility | Masters [recommended] |
| Duration | 3-6 years |
| Types | Regular, Distance, Online, Dual Degree, Integrated, Professional Doctorates, Accelerated, etc. |
| Admission Process | Abroad: Individual University Admissions [case by case] India: PhD Entrance Tests like UGC NET-JRF, GATE, etc. |
| Funding | Typically fully funded |
| Scholarships | Available |
| Further Degrees | Post-Doctorates, Research Fellowships, etc. |
- PhD Programs for MBA Graduates are undertaken under a supervisor/professor who belongs to the same field and holds expertise in the area the student wishes to pursue his/her PhD.
- Typically, PhD Courses For MBA Students takes anywhere between 3-6 years to be completed, it may extend beyond that as well.
- The structure of PhD Courses For MBA Students consists of rigorous coursework in the first 2 years, after which the candidate focuses on preparation of his thesis and dissertation. In the earlier stage, the candidate also performs literature review, research and analysis, etc.
- During the latter phase, he may be required to perform field work, laboratory experiments, case studies, surveys, etc.
- Throughout PhD Programs for MBA Graduates, the candidate may have gain expertise over research methodologies, statistical and mathematical tools, probability, software, etc.
PhD programs after MBA Finance
- Course offerings of PhD courses after MBA Finance:
| Course | University | Location |
| PhD in Finance | Stanford University, USA | USA |
| MRes/PhD Finance | London School of Economics and Political Science | UK |
| PhD in Economics, Finance & Accounting | MIT | USA |
| PhD in Business Administration-Finance | University of California-Berkeley | USA |
| PhD Finance and Management | SOAS University of London | UK |
| PhD in Finance | University of Pennsylvania | USA |
- PhD courses after MBA Finance dives deep mechanics of the finance field concerning themes such as risk management, insurance, stock markets, regulatory practices, international markets, trends in financial markets of countries, different financial instruments, etc.
- Career options of PhD after MBA Finance include positions on Financial Advisory Boards, Financial analyst, academia and research organisations, think tanks, consultancies, public accounting firms, amongst others.
- The curriculum of a Finance PhD course for MBA students involves a good blend of theoretical knowledge and practical implementation through case studies, research projects, etc.
- PhD Subjects after MBA in Finance: Here are a few PhD Subjects after MBA in Finance you must take note of-
| Privatisation & globalisation | Financial Markets in India | International Markets |
| Insurance | Derivatives | Regulatory Practices |
| Risk Management | Legal Aspects of Financial Trading | Share Valuation |
| Financial Statements Analysis | Liquidation and Winding Up | Cost and Management Accounting |
| Probability & Statistics | Software-STRATA, SPSS, Python, R, etc. | Game Theory |
| Economic Analysis | Computer Applications | Corporate Governance |
PhD programs for MBA graduates
| Course Level | Doctorate |
| Duration | 3 to 5-Years |
| Eligibility | Postgraduate degree with relevant subjects. |
| Mode of Education | Regular and Distance |
| Admission Process | Entrance Tests |
| Average Fee | INR 5,000 – INR 5,00,000 |
| Job Profiles | Finance Manager, Managing Director, Market Research Analyst, Customer Services Manager, Professor, Chief Operating Officer, etc. |
| Average Salary | INR 2,00,000 – INR 14,00,000 |
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