Doctor of Philosophy or PhD represents the pinnacle of academic achievement in any discipline. Due to the growing demand for management professionals and excellent career prospects, many students are enrolling in PhD in Business Management. So, if you are planning to pursue this PhD course, here’s the guide for you.
Key Highlights
- PhD in Business Management: A program overview
- Doctor of Business Administration degree vs PhD in Business Management: Key differences
- Best international universities to pursue PhD course in Business Management
- Popular Indian colleges for PhD in Management
- How to get admission to PhD in Management?
- PhD in Management fees
PhD in Business Management: A program overview
PhD in Business Management or PhD in Business and Management or PhD in Management is a doctorate-level course that provides students with advanced knowledge of business functions and their successful operation. This degree fosters the ability among students to understand contemporary business problems through in-depth and original research. It also develops management skills like leadership, negotiation, decision-making, conflict resolution, etc. The curriculum includes coursework, research, and thesis.
Read Also: What aspirants must know before pursuing a PhD in Europe
The duration of the program spans over 3-5 years. Depending on the university, it covers core or compulsory subjects such as Strategic Management, Research Methodology, & Quantitative Techniques and electives (subjects that students can choose as per their interests).
-
Some elective subjects are:
- Human Resource Management
- Emerging Areas in Marketing
- Strategic Information Systems
- Corporate Strategy and Policy
- Supply Chain Management
There’s often confusion between PhD in Management and a Doctor of Business Administration (DBA) degree. However, these two are slightly different.
Doctor of Business Administration degree vs. PhD in Business Management: Key differences
PhD in Business Management focuses on theoretical research aimed at contributing new knowledge to the field of business. On the other hand, DBA emphasises applied research with the intention of solving real-world business problems. The PhD curriculum revolves around developing new theories and conducting original research. Whereas, the DBA coursework is centred on practical application of business theories and strategies.
PhD in Business Management degree is ideal for students willing to pursue their careers in research or academia. On the other hand, the extensive knowledge gained through Doctor of Business Administration degree programs helps aspirants to improve their managerial skills and grab senior leadership roles in organisations. Several universities offer PhD in Management for working professionals as well. Kindly note that management-related programs like a PhD in Business Management, an MBA, or a DBA come with unique merits. Therefore, it is advised to choose a program that aligns with your career aspirations.
Read Also: Everything you must know about PhD in IT Management
Best international universities to pursue PhD course in Business Management
| Universities | Locations |
|---|---|
| Harvard Business School | The USA |
| University at Buffalo | The USA |
| Warwick Business School | The UK |
| Newcastle University | The UK |
| McGill University | Canada |
| University of Technology Sydney | Australia |
| The University of Melbourne | Australia |
| Maynooth University | Ireland |
| IESE Business School | Spain |
| International Business School The Hague | The Netherlands |
Popular Indian colleges for PhD in Management
| Colleges | Location |
|---|---|
| Indian Institute of Technology (IIT) | Delhi |
| Indian Institute of Management (IIM) | Ahmedabad |
| National Institute of Technology | Tiruchirappalli |
| Christ University | Bengaluru |
| Narsee Monjee Institute of Management Studies (NMIMS) | Mumbai |
How to get admission to PhD in Management?
To study in India
To pursue a PhD in Business Management, you must possess a post-graduate degree in Management or a related field from a recognised university. Some colleges offer merit-based admission, whereas others assess applicants’ performances based on scores obtained in a national-level or university-level entrance exam.
Read Also: What students must know before pursuing PhD from Germany
University Grants Commission National Eligibility Test (UGC NET) is one of the most popular national-level entrance exams for PhD in Business Management programs. Some reputed institutes like IIMs accept exams like the Common Admission Test (CAT)/Graduate Record Examinations (GRE)/Graduate Management Admission Test (GMAT) for PhD in Business Management.
To study abroad
To secure a spot in international universities, students need to meet the following eligibility criteria:
- A master’s degree in a related field from a reputed university
- Academic transcripts (degrees and certificates)
- English language proficiency exams like the Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS)
- GRE/ GMAT
- Statement of Purpose (SOP)
- Letters of Recommendation (LOR)
- Work experience (not mandatory)
PhD in Management fees
The total tuition fees for PhD in Business Management courses in Indian colleges range between ∼INR 3,00,000 and ∼INR 18,00,000. On the other hand, the annual tuition fees at international universities can be around ∼INR 12,00,000 to ∼INR 40,00,000.
Read Also: What students must know about post-doctoral fellowship
So, if you are planning to pursue a PhD in Business Management and are facing financial challenges, you can apply for student loans. At Avanse Financial Services, we offer educational loans with multiple benefits like 100% finance, quick loan sanctions, and flexible repayment options. Connect with us today if you have any queries.
