There is a stereotype that the education after the Master or Doctor of Philosophy program is necessary only for those who are engaged in research of the science field and going to teach at the academy. However, the business sector no less needs specialists who have received a doctoral education. Especially such experts are in demand in business consulting, analytics, financial sector, and the stock market.
Why are they needed there? The fact is that the owners of doctoral degrees possess qualities that masters don’t always have:
- deep knowledge of the specifics
- ability to work with big data and complex information
- gained leadership skills or advanced soft skills
- research experience
- creative thinking
- ability to solve complex problems
Thus, the business sector needs PhD specialists as qualified and competent employees. The thing is that they can make responsible decisions and apply a scientific approach to tasks.
Why a doctoral degree more profitable than a master’s.
Qualification is a must-have for an employee. And the higher it is, the more valuable an employee is for an enterprise. This is one of the reasons why many professionals are interested in obtaining a Doctor of Philosophy after Master’s education:
- high qualification
- great career prospects
- respectable salary
At least, these are general advantages, for which masters become applicants for a doctoral degree. In fact, with increased income and prestigious status, the holder of a PhD receives:
- opportunity to travel to attend conferences
- communication of competent and high-qualified colleagues
- participation in research studies, seminars, as well as the possibility of publications
- worldwide recognition
The last point is not an exaggeration, because such specialists are always visible in the professional field, through publications, that consecrate for science, conferences and international programs. In addition, such a specialist is always aware of all the innovations in his/her sphere. And accordingly, these candidates are valued much higher than master or bachelor.
High qualification.
One of the main arguments in favor of a Doctor of Philosophy against Master is competence. A candidate for a doctoral degree in any science, whether Sociology, Economics or Business Administration, has to study a huge volume of stuff and steadily be familiar with the newest publications. In addition, writing dissertation involves research work, which means the analysis and use of acquired knowledge in practice. After this challenging path, the specialist receives a certificate, which indicates that he/she has passed the hard path of education and became a true master of his or her craft. Therefore, employers are interested in such employees. A highly proficient worker can perform more serious and responsible projects. Thus, business experts with a doctoral degree think through solutions to multifactor problems, develop business schemes and cases, analyze a specific situation on the market, and much more.
Doctor of philosophy prospects
Career path PhD also opens up various opportunities, which are not available for masters. If to speak schematically, the owner of a doctoral degree has four options for career development:
Academic. This is direct work in institute, which implies the position of lecturer for bachelors and masters, supervisor, tenured professor. By the way, education it’s a very honorable and paid career way.
Alternative academic. You can work in the educational field, outside of your diploma specialty. For example, in academic administration, career consulting or you can be entrusted with the management and staff training.
Professional. The main thing here is not your field of science, but your certificate and acquired skills. This adds to your chances of getting higher and more important positions, even if you are engaged in other science.
Research, publishing, and consultancy. The Doctor of Philosophy can work on the specialty outside the university. In this case, you can engage in consultations or publish articles on your specialty.
Which way to choose depends on the preferences and lifestyle of the owner of the Doctor of Philosophy diploma. Each of these options has specific capabilities and difficulties.
Competitiveness.
Very few people get a doctor’s degree. Several years ago, only 3% of the US population had a Doctor of Philosophy degree, and today the situation has not changed much. Of course, for many people, a Master’s degree or even an undergraduate is enough for a full education. Those decide to become Doctor of Philosophy who wants to devote themselves to the development of science or technology. But in areas such as business, economics, and personnel management, doctoral experts have priority demand not less than masters.
In fact, the benefits of postgraduate education are obvious. Together with a certificate of degree, the Doctor of Philosophy also earns a high social status, respect, possibilities, and high qualifications in the chosen field of science. In addition, a doctoral degree is much more challenging than a master education, which adds significance to such an applicant.
How long it takes to get a PhD.
It is clear that getting a doctorate is much more difficult than to complete a master’s program. Doctrine involves a long hard work on science, with writing researches and dissertations. On average, obtaining additional education, after the master, takes from 5 to 6 years. But it mainly depends on the science and the program. Some programs may be accelerated, while others may be delayed due to marriage, health or family reasons.
What science you can study for a doctor’s degree.
According to Admission-Writers, admissions to a doctoral program are possible for any field of science. If we are talking about business, here a student can choose from such areas as:
- Economy
- Personnel Management
- Marketing and Management
- Philosophy
- Psychology
- Legal disciplines
Duration and requirements for the candidate depending on the institution and level of education. Thus, the rules from Northcentral University are differing from Stanford, for example.
How to get an education in the doctoral program.
To begin, the candidate must have a master’s degree and pass the required exams before request. However, some schools allow bachelors to try it. The process of entering the doctoral program is also not an easy task, and there is also high competition in prestigious universities. Each academy has specific requirements for the candidate and mentions it in info for applicants. As a rule, motivational letters, test results, and recommendations are significant factors.
How the doctor degree program goes.
The tuition on the doctoral program takes several years. The program includes attendance at specialized courses, exams and, of course, research and dissertation preparation. There are certain subtleties for each school and discipline. Technical skills often take longer and require full-time student employment. Humanitarian, like specialists of psychology or sociology, can allow remote sensing as well as for getting a Master degree.
Dissertation.
Perhaps the most exciting and challenging stage in obtaining a doctoral education. The thesis is written for several years, with constant editing and proofreading, updating of information and analysis of research. When the work is done, the candidate must defend it, and this is a serious challenge. Much depends on various factors.
Final words.
A doctoral degree is a great achievement for a graduate and an open road to prospects. A Doctor of Philosophy can count on a far greater salary than a master. Those specialists have more status and respectability they considered an expert in a particular science. When a person graduates from such a school, he/she gets huge chances for prestigious positions if this is a business discipline. Hence, many have such an interest in science degrees.
However, it’s not easy to obtain such a program of education. A doctoral degree requires a great deal of knowledge at the time of admission, and a great deal of effort while receiving an education. Not to mention the fact that you need to write and defend the most complex science project in the life of students, namely a dissertation. It often happens that at this stage there are serious difficulties and one cannot do without consultation and assistance.
Here you will have qualified help and help to make the best dissertation on any programs and sciences. With us, you will save your time, money and nerves, and getting the desired position will not seem an unattainable task.
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