Why do business schools offer PhD programs?
The purpose of PhD program is to produce researchers who expand scientific knowledge. The hope is that with good research, both the researcher and the alma mater will become famous. Also, a school’s responsibility is not limited to disseminating old knowledge. Updating knowledge base is another of its responsibility, especially if it wants to be a pioneer. That will happen when a continuous pool of researchers enter the researcher community. Many business schools make an investment in research. They do this by
- Hiring researchers
- Providing them incentives and a conducive environment to do academic research
- By producing research scholars (with PhD programs)
What does a PhD degree in Management cost?
A full time PhD program usually doesn’t cost any money to the student. In fact the school pays the student some stipend/scholarship amount. In most cases the stipend is enough for a single student to survive. There is a significant opportunity cost of doing a PhD though.
What are the various disciplines in Management in which you can do PhD?
There are many disciplines. The most common are:
- Information Systems
- Organizational Behavior
- Operations Management
- Quantitative Methods/Statistics
Why do people get a PhD in Management?
The job prospect as a professor in business school is attractive to many. The job gives continued intellectual stimulation as well as freedom (academic and otherwise). B-School professors not only do teaching and research but also consult with businesses. Many professors establish good reputation in industry and join executive board level positions.
Is it worth spending 5 or more years doing a PhD in Management?
The positive aspects of PhD cause many people to consider doing a PhD program sometime in their career. Yet, a PhD is not right choice for everyone. Doing PhD is a decision that is life changing and more or less a one way street. A very careful decision needs to be made, and no one else except you should make that decision.
What is the purpose behind this site?
This site exists to share all the aspects of a PhD in Management and to help you make a choice that is best for you. If you do decide to go for a PhD, you will find a lot of material that will help your life as a PhD student. If you decide that a PhD is not for you, even then you will find a lot material that will teach you the essence of scientific thinking.