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Does a Doctorate in Business Management have a good ROI?

Compiled and Written By Staff

Many business professionals who become interested in a top Doctorate in Business Management usually have years of professional experience added to the graduate degree they have acquired, usually a Master of Business Administration. As Emad Rahim of Colorado Technical University states, "a [Doctorate of Management] program prepares you to think and act strategically, while enhancing your ability to make positive management contributions in your chosen career path. As you advance into senior level executive roles, the knowledge you gain from a D.M. degree equips you with advanced research skills and tools needed to confront complex problems within your industry. Of course, the degree also prepares those who prefer to pursue a career in higher education, fulfilling roles of faculty or an administrator." Thus, the motivation for some is to continue researching an issue in business or management that will result in a dissertation project that, after its publication, has a good chance of addressing a real-world problem in business.

Some students are attracted to the reality of a salary increase upon completing a DBA as students' business abilities have increased and they are set apart from other professionals who may only have received an undergraduate or graduate-level degree. Business professionals with a Doctorate degree can expect annual earnings of $50,000-$120,000. But even with a strong salary, how can a DBA student know if they can expect good return on the investment of education, making the rigorous program worth their efforts? The following business schools offer high quality programs featuring exemplary business accreditations and other features potential doctorate students will be interested in.

The University of Florida's Warrington College of Business in Gainesville, Florida features a 60-credit hour Doctorate of Business Administration as a track within its Ph.D. program. "The DBA program aims to integrate the theory and practice of business with the context of current issues that the business world faces. The DBA is a professional doctorate that emphasizes the application of theory to actual business issues. The DBA program will help candidates develop proficiency in applied research by improving their methodological and analytical skills." While the Warrington Business School has a long history of national recognition, it has recently been named the 37th best in the United States by U.S. News & World Report at #47 among the nation's best by the Princeton Review. Most impressive is how the doctorate program at the business school has revealed an average early career salary of $78,800 and a mid-career salary of $112,000. Graduates of the Warrington Business School have also reported a satisfaction rating of 64% upon beginning work within their career choice. This degree is offered as a hybrid experience requiring online coursework and several on-campus residencies each term.

Another highly respected Doctor of Business Administration that features a high return on investment is offered at the prestigious Harvard Business School at Harvard University in Cambridge, Doctorate degree in Business Management have a good ROIMassachusetts. This full-time DBA offers specializations in Accounting and Management, Management, Marketing, Strategy, and Technology and Operations Management. This degree is divided between two years of in-class coursework, followed by a field exam, two years of dissertation research and writing, and one full academic year of a teaching assignment. While 79% of doctoral graduates report a strong sense of meaningful work upon completing their degrees, an average early career salary of $95,600 and a mid-career salary of $137,000 has been reported by some graduates of the Harvard Business School.