PhD after MBA is a doctorate level programme offered in various MBA specialisations including PhD Finance, PhD Marketing, PhD Operation Management, PhD Human Resource and others. The minimum requirement for this programme is a 2 year MBA degree with qualifying in either UGC NET or GATE exam. It generally takes about 5 years to pursue this course in India. This programme equips you with research oriented business topics providing you with a vast scope in teaching & research professions. Among the top management institutions in India FMS New Delhi, IIMs, BHU, IITs, are some of the most renowned ones.
Top Specializations
A list of some of the top specializations along with their description has been provided below for a better understanding:
Specialisation
Description
Business Economics
Combination of Economic analysis with business & other areas of focus are Development Economics, Behavioral Economics
Accounting
Solving issues related to accounting using economics.
Finance
Prime focus points: International finance, Asset pricing, Portfolio Management, Corporate Finance, Macroeconomics
Operations, Information and technology
Study of management of systems, networks and processes
Organisational Behavior
Focuses on psychology, sociology and their impact on behavior within an organisation.
Marketing
Focuses on solving marketing management issues faced by the firms.
Salary Overview
A salary breakdown based on an individual’s position in the organisation has been given below:
Job position
Salary
Entry Level
INR 8,00,000-10,00,000 per year
Mid Level
INR 10,00,000-20,00,000 per year
Senior level
INR 20,00,000 per year
Salary based on the specialisations
A salary breakdown based on the different specialisation along with the best institutions to pursue them from is given below:
Specialisation
Best Institution
Average Salary
FInance
DOMS IIT Madras, IIFT New Delhi, AU Bangalore, Amity University, Noida
INR 5,00,000-14,00,000
Marketing
KIIT Bhubaneswar, NU Ahmedabad, IIFT Kolkata, AU Bangalore, Amity University, Mumbai
INR 2,00,000-10,00,000
Operation Management
IIM Kolkata, IIT Bombay, IIT Madras, IIM Kashipur, LIBA Chennai
INR 7,00,000-10,00,000
Organisation Behavior
DU New Delhi, SJMSOM Mumbai, MDI Gurgaon, IIFT New Delhi
Tripura University, Tripura, SIMATS Chennai, Jamsetji Tata School of Disaster Studies, Mumbai, Amity Institute of Disaster Management, Noida
INR 2,50,000-12,00,000
Banking & Finance
MU Mumbai, PRSU Allahabad, KPB Mumbai, SPPU Pune, ISBR Business School Bangalore
INR 1,80,000-6,00,000
A breakdown of the several factors which influence the range of these salaries is given below:
Factors
Influence
Industry
Industries which require both business acumen and research expertise are the ones which highly value this combination of PhD after MBA.
Location
Major cities and areas with higher cost of living tend to have higher salaries.
Work experience
Work experience before and after MBA specifically in the field related to Phd can highly boost the salary potential.
Skills
A PhD usually improves an individual’s skills of research methodologies, analytics, and data interpretation which are generally important for roles that require business acumen.
Reputation of college
Top tier business schools(MBA) and Research Intensive Universities(PhD) can influence salary prospects and career opportunities.
Benefits of PhD after MBA are as Follow
Higher Earning Potential: Gives an individual to earn a salary which is more than what an individual with just an MBA earns.
Career Advancement: A Phd can open direct doors to higher level positions and specialized roles.
The research element in PhD allows an individual to gain new business insights and the upcoming trends worldwide.
It also opens the world of careers in academia with positions such as professorship and directorship.
Employment Sectors and Job opportunities
A breakdown of employment sectors and job opportunities which should be taken into account by a PhD after MBA graduates is given below:
Employment Sector
Jobs
Education
A PhD degree essential to get a job as a professor or researcher in universities
Consulting Firms
PhD holders find lucrative positions in consulting firms and help these organisations in solving complex problems.
Corporate Sector
A PhD graduate often moves to the position of a CEO or a COO where they can directly influence the company’s decisions.
Government & NGO’s
The graduates can work as policy analysts thus providing insights on business policies and regulations
Research & Development Sectors
They focus on innovation & strategic development.
Therefore, the prospect of pursuing a PhD after an MBA can be considered a highly strategic and forward looking long term investment particularly for those who wish to achieve influential positions in the academic world. This level of academic improvement equips an individual with the skills and knowledge that generally surpasses that acquired in an MBA. Also the practicality from the MBA degree and the rigorous academic research from the PhD creates a unique blend of strategic thinking and theoretical insights.
This academic progression enhances an individual's academic credibility as well as professional esteem making them experts in their chosen field. This is a path that can set a student apart from their peers and consequently opens global opportunities including academic appointments, senior research positions in think tanks and policy institutions as well as high paying consulting roles. Moreover, the credentials of a PhD can also improve the individual’s earning capacity offering them higher salary brackets and long term growth prospects on a global scale. It has become one of the most sought after programs for those seeking to enhance their skills grow professionally and get better income opportunities.
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