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Do You Really Need to Get a Doctorate of Business Administration Degree?
A doctorate is always considered a terminal qualification, which means that it is the highest degree that anyone can get in a particular subject/division. Therefore, the respect factor that comes from holding a DBA is undeniable.
However, is there any utility to it beyond bragging rights? It would make more sense if you were an academic, but in the hardcore business world, is the time, energy, and money necessary to pursue a Doctorate of Business Administration certificate really worth it? Well, the answer may surprise you because it’s a big yes.
A DBA is Not the Same as a PhD
They may sound similar, and there is no denying that both are terminal degrees, but getting a Doctorate of Business Administration degree is not the same as getting a Ph.D. in Business Administration.
While there are several differences between the two, the most important one is in their utility or application. A Ph.D. in Business Administration is an academic degree, which is perfect if you are pursuing your career as a business school professor or if you wish to do so later on in your career.
The Doctorate of Business Administration course, on the other hand, is designed for business leaders, business owners, high-level executives, entrepreneurs, and highest-level managers.
For example, the Online Doctorate of Business Administration (DBA) in Business Intelligence is a special course exclusively designed for experienced business executives and business owners to build on their formidable knowledge and experience while honing their applied skills to perfection.
At the top, bragging rights will often decide whether you manage to land a client or lose them to someone more qualified than you. Prestige and reputation are decisive factors in business, and a DBA certificate most certainly helps add to an experienced business executive’s repertoire.
It’s not just superficial either. When you compete against someone who really does have more knowledge and training in business tactics than you, you will be at a practical disadvantage. On the other hand, when you are the one with the psychological, tactical, and academic advantage over the competitors, your chances of winning will always be better.
Get a Doctorate of Business Administration: You Will Still be Able to Teach After Retirement
If you decide to join a DBA course, who are the people to teach you? They must also be DBAs by default, which is where the additional career option comes in post-retirement. Whether you decide to become a guest lecturer, a full-time professor at a business school, or a specialist business mentor after a few years, your doctorate in business administration will prove to be handier than a Ph.D.
This is only natural because you will have both the respect of an academic and the experience of a real businessman. Especially since a Doctorate of Business Administration can now be completed online and without taking a break from work, you will essentially be preparing for a career after retirement while simultaneously working to build up your current company.