For every business that succeeds there are five more that don’t. These business failures turn out to become great learning opportunities for aspiring entrepreneurs and business leaders. While getting an MBA teaches you a lot about business fundamentals and core business concepts, that is not enough. If you want to succeed as a business leader, you need to learn from practical experience and research.
This is where a Doctorate in Business Administration program can help you. Unlike other business programs that focus on business theory, a DBA program can offer you the chance to get more hands-on knowledge. You will learn about the contemporary business state and better understand the world of business.
If you are interested in getting a DBA but have your doubts, here are some benefits of the degree that you might not have thought of:
Most business professionals go as far as getting their MBA degree. Very few pursue the educational path further and go for a Doctorate. So pursuing a DBA degree will help you stand out from the crowd and give you a competitive edge in the business world.
For instance, if you are applying for the role of CEO in a top organization and your competitors happen to be MBA professionals, you will have an advantage over them. Not only will you have more relevant work experience but you might also have better knowledge and insights into the current business environment that make you a better fit.
Similarly, you will have the most advantage in skills and knowledge in other roles such as Management Consultant, Head of Business Development, International HR Manager, and more.
With a DBA degree, the sky is the limit. You will gain valuable skills, experience and understand various businesses in a deeper sense. This program will help you gain advanced business knowledge, research skills, strategic and critical thinking skills, informed decision-making, and more. This will help you create a space for yourself in any domain that interests you.
You will be the most desirable candidate for almost any leadership position you can think of. If you wish to start a career in academics, you would be able to do that too. Similar to a PhD in Business, a DBA degree will allow you to pursue a career as a Business Professor and pass your knowledge on to the next generation of business professionals.
Your DBA degree helps you hone your research skills and learn new research techniques and methodologies. This becomes extremely helpful later in your career as applied research can help you tackle real-world problems in business.
This might be one of the most obvious benefits. But getting a Doctorate degree earns you the Dr. title. This is one of the highest honors and levels of achievement in the academic sphere.
Not only will you be highly recognized by the Dr. title followed by your name but you will also immediately capture the attention in any room you are introduced to.
It’s no surprise that with all this honor, recognition, and opportunities, you will also see a significant increase in your earning potential. According to BLS data, top management roles make a median salary of anywhere between $101,280 to $206,680 per year. As a Business Consultant, you can charge anywhere from $50 per hour to $500 per hour depending on your experience and expertise. You will have the best negotiation tool available and the skills you gained during your DBA will be an invaluable asset to any organization.
A DBA degree program will also provide you with great networking opportunities. During your 2-3 years of studying, you will get the chance to connect with other successful business leaders, meet with aspiring leaders such as yourself, and even gain mentors along the way.
This network can turn out to be one of the best benefits of a DBA. These connections can help you get great opportunities in your career, connect you with investors for your business, help you find a business partner, and more.
The research you would conduct during your time as a DBA student can become significant enough to contribute to the business world. You can find a solution to a complex business problem or discover a new business technique or theory that can take the world by storm; the opportunities are endless.
You can also contribute to the business world by pursuing a career in academics. Sharing your knowledge and learnings with others, whether that is through publishing journals, or papers, or teaching a batch of students, can be extremely beneficial for the future development of the business domain.
If you want to make a name for yourself in the business world, you are anyway going to keep on learning by yourself and conducting your research. If you pursue the DBA degree online with UniAthena, in the next 3 years, you will graduate with a Doctorate. Think about that!
You can head over to UniAthena and try out the DBA program for free with a 3-day trial. If you find it interesting you can enroll online and start your journey immediately. After your course is complete, you will be honored with the DBA degree from UCAM, Spain. This is the business degree of 2025!