Ph.D. in Business Administration Career Opportunities
Master’s in business administration (MBA) is a popular degree among students who are interested in the fields of management and entrepreneurship. However, it’s not alone. Students can also pursue a Ph.D. in Business Administration for diverse and high-level career growth paths. This blog will explore the potential of a PhD in business administration. So that you can process your admission application for 2024 at the University of Central Punjab (UCP).
Ph.D. in Business Administration at UCP
Many students pursue Ph.D.s in the various fields. However, a Ph.D. in Business Administration is different from a Ph.D. in humanities or sciences. With technological advancements, and global exposure, the dynamics of business have been shifted from traditional ways and methods to new way-outs.
This change and progression have changed the way how business administration is different today from other subjects and from the business administration of a couple of decades ago.
Hence, today’s Ph.D. in Business Administration could be your best decision for that futuristic learning and outlook to become a beacon of light for the entrepreneurs tomorrow.
But, how to know which university’s Ph.D. is worth Pursuing?
One answer! Look at their objectives & learning paths before admissions. Let’s explore why it is important!
Analyse the Value of Ph.D. in Business
Before you choose a degree, do some critical thinking about the value it will add to your life and learning capacity. The need to do this analysis multiplies when you are talking about a Ph.D. in Business Administration. Some of the factors to look at are listed below.
Earlier, an MBA was sufficient for managerial positions and exposure in the market around the globe. Harvard University was the first academic institution to initiate a Ph.D. Business Administration in the 1950s. However, now business is more complex, diverse, and potentially rich than ever.
Hence, leading journals like Harvard Business Review claims the need for more specialised and learned professionals in business administration is more than even in recent times, this age, because of various advancements.
This increases the need and value of a well-drafted Ph.D. in Business Administration more than ever today.
Objectives to Pursue Ph.D. Business Administration
Coming towards a well-designed degree programme. To ensure the optimal benefits from enrolling in any professional degree, your principal focus must be on the program objectives for the same. This practice will enable you to think critically about whether the academic goals of the university are aligning with your learning goals.
University of Central Punjab (UCP) discusses the learning objectives of a Ph.D. in Business Administration. The crux of those objectives is available below.
UCP puts a Ph.D. in Business Administration forward with the following aims to meet.
- Producing graduates dedicated to excellence in research and teaching.
- To instil a solid understanding of research philosophy in management studies.
- To prepare students to do independent scientific inquiry and provide superior results.
Ph.D. Business Administration has coursework and supervised thesis research to be completed with exams in the drafted time outline. More details can be seen on the website.
Eligibility Criteria
Candidates interested in a Ph.D. in Business Administration must fulfil the eligibility criteria for admission to Ph.D. Business Administration. The same is available below.
- A minimum of 3.00 CGPA (or 60% in the case of an annual system) in MS/M.Phil. or a related discipline. The GAT – Subject must be completed with at least 60% of the possible points, or the candidate must receive 70% on the UCP in-house admission test and interview.
- A comprehensive entrance exam with a 70% qualifying score will be used to narrow down the candidates for further consideration.
- OR
- To pass the GAT Subject Test, which is administered by NTS, candidates must receive at least 60% of the possible points.
A thorough interview will be held to narrow down the potential applicants for admission.
Career Paths for Ph.D. Business Administration Holder
Once you complete your PhD in Business Administration, you will be able to undertake any of the major career responsibilities in the corporate sector. You can also go for independent ventures and entrepreneurial journeys. Potential career options are listed below. However, they are not the only options.
Business Consultant
Being a business consultant means you will work with the top management. You can join a business consultation firm, or you can also undertake your independent business consultancy.
A business consultant is someone who can guide whether to start any business, and how to do the expansion, growth and networking. Therefore, you should know the trends, market dynamics, and a futuristic approach for the best advice!
Ph.D. Business Administration can be your magic book for the acquisition of these skills.
C-Suit Executive
High-ranked professionals in the corporate world are also known as the C- Level Executives. With a Ph.D. in Business Administration, you can join any corporate body with relevant experience for any of the suitable C-Level positions.
However, the rank and scope of C-Suit entirely depend upon the size or corporate body you may consider joining.
Become an Economist
Another massively popular position for a Ph.D. in Business Administration could be that of the learned economist. Overall, the job of an economist, regardless of the sector or industry, is an invaluable asset. The following are the main duties of an economist:
- Gathering financial information
- Making economic projections
- helping to prepare a budget
- Economic topics explained in a meaningful and realistic manner
- Disseminating studies and data-driven initiatives to emphasize financial patterns
Be a Dynamic Professor
Another viable option for a Ph.D. scholar is to join academia and become a blood of this prophetic bloodline. The opportunities, exposure, and connection with newcomers and old lads define the massive scope of this role.
Join Research, Development & Think Tanks
Next on the list is the chance to join the think tanks and research & development. The critical thinking abilities of Ph.D. holders are best utilised in the role of a researcher at the think tank.
Support Entrepreneurs
Furthermore, a Ph.D. in Business Administration can become an entrepreneur if he or she has identified a problem in society. With the ability to see the gaps and critical thinking, the graduates of Ph.D. Business Administration can become successful with originality and solution-oriented stances.
Otherwise, you can also help other entrepreneurs to sort their hurdles out.
Serve Government Bodies
Last but not least, governments around the globe are always in search of professionals to add value to their latest ventures or public programs. Some of the possible areas could be that of the following.
- Risk Management
- Financial Ventures
- Use of Human Resource
- Increase in Operational/Production Efficiency
Explore the Geographics Acceptance for Ph.D. in Business Administration
Ph.D. in Business Administration can enjoy worldwide acceptance because of the changing dynamics of work and factors of production. However, the more skilful you are, the you have more opportunities around the globe. Hence, invest in a university with high ranks, goodwill, and learning potential.
Earn Your Ph.D. Business Administration from UCP Lahore
It’s your time to pursue a Ph.D. in Business Administration in Lahore at UCP. With a rich learning outlook and industry-oriented research opportunities, UCP also offers state-of-the-art on-campus facilities and once-in-a-lifetime learning opportunities. You can apply online for PhD Business Administration through online admission portal. Spring admissions 2024 are in full swing.