A PhD in business administration is a Doctorat course in business management. It is a three to five-year research-based programme. The goal of the course is to produce individuals who have a highly skilled analytical understanding of business principles. It covers new methodologies in KPIs, management, and quantitative and qualitative techniques.
Business administration encompasses a wide range of topics in business management. Candidates who complete this program are prepared for careers in marketing, education, finance, sales, and government.
Business administrators carry out their department’s or organization’s objectives, policies, and procedures.
They also make products and provide services. Students in the business administration course are taught business administration principles.
PhD Business Administration graduates work in administration, education, finance, sales & marketing, MNCs, and other fields. Associate Managers, Management Professors, Operation Managers, Administration Managers, and other job profiles are available to them. The average annual salary ranges from INR 7 lakh to INR 17 lakh.
World economies are looking for capable entrepreneurs to create jobs and bring useful products to market.
A doctorate degree in business administration contributes to high pay, job satisfaction, and rapid advancement.The course provides a solid methodological foundation, as well as exposure to cutting-edge themes and methods, as well as the ability to develop and implement research projects in business disciplines.
PhD Business Administration is a research-based program that is typically pursued by candidates who wish to conduct research and publish papers. The following is a list of the course’s essential information.
|Level of Course||Doctorate|
|Also referred as||Doctorate in Philosophy – Business Administration|
|Duration of Course||3 to 5 years|
|Type of Examination||Semester|
|Eligibility Criteria||Masters level qualification in relevant fields with a minimum of 55% aggregate in final year examination.|
|Process of Admission||National level exams or University-specific Paper mode Offline entrance examination.|
|Fee for the Course||INR 9,000 to 90,000|
|Average Annual Salary||INR 1,00,000 to 1,30,000|
|Top Hiring Firms||The banking sector, universities, MNCs, Administrative sectors, etc.|
|Positions of Job||Assistant Manager, Administration Manager, Events Executive, Business Administrative Executive, etc.|
|Ph.D. (management Studies)||Ph.D. (marketing)||Ph.D. (operation Management)|
|Ph.D. (business Management)||Ph.D. (finance)||Ph.D. (human Resource Management)|
PhD Business Administration admissions are determined by national entrance examinations such as GATE, UGC-NET, CSIR-NET, ICAR, and others. Some institutes have their own entrance exam, which is followed by a personal interview.
The following is an example of a typical PhD Business Administration admissions process:
|Ranking by NIRF||Name of Institute||Process of Admission||Course Fees||Average Annual Salary|
|1||Indian Institute of Management Ahmedabad||CAT/ GMAT/ GRE||INR 2,300,000||INR 25.83 Lakh per year|
|2||Indian Institute of Management Bangalore||CAT/ GMAT/ GRE||INR 2,300,000||INR 26.28 lakh per year|
|3||Indian Institute of Management Calcutta||CAT/ GMAT/ GRE||INR 2,700,000||INR 26.98 lakh per year|
|4||Indian Institute of Management Lucknow||CAT/ GMAT/ GRE||INR 3,00,000||INR 20.05 lakh per year|
|5||Indian Institute of Management Udaipur||CAT/ GMAT/ GRE||No Fees Charged||INR 13.2 lakh per year|
UGC-NET and ICAR NET are two entrance exams that are taken into consideration for admission to PhD Business Administration programs. If a student has not taken the national level exam, some universities conduct their own entrance exams.
The following are some of the university entrance examinations:
Each of the above-mentioned entrance exams for PhD programs has some aspects in common, as well as some differences. The majority of the exams are conducted online using a multiple-choice format.
The table below lists the best colleges in India for pursuing a PhD in Business Administration. Based on placement, location, and accreditation, these colleges are among the best in the country. These colleges also have a strong infrastructure and a high NIRF 2020 ranking.
|Ranking by NIRF||Name of Institute||Place||Tuition Fees for the first year||Average Annual Salary|
|1||Indian Institute of Management||Ahmedabad||INR 23,00,000 (complete fee taken together)||INR 25,83,000|
|2||Indian Institute of Management||Bangalore||INR 23,00,000 (complete fee is taken together)||INR 26,28,000|
|3||Indian Institute of Management||Kolkata||INR 27,00,000 (complete fee is taken together)||INR 26,98,000|
|4||Indian Institute of Management||Lucknow||INR 3,00,000||INR 20,05,000|
|6||Indian Institute of Management||Kozhikode||INR 2,22,000||INR 26,69,000|
|7||Indian Institute of Management||Indore||INR 50,000||INR 22,92,000|
|9||Xavier Labour Relations Institute||Jamshedpur||INR 2,12,500||INR 15,42,000|
|10||Management Development Institute||Gurgaon||INR 2,33,000||INR 22,05,000|
|12||Department of Management Studies, IIT R||Roorkee||INR 14,680||INR 9,18,000|
|17||Indian Institute of Management||Udaipur||No tuition fees charged, since the PhD students receive full fellowship that cover the tuition fees.||INR 13,20,000|
The minimum prescribed syllabus for a PhD-level business administration course is listed in the table below. Add-on courses, guest lectures, projects, and seminars are all possible for this course. These extracurricular activities are designed to improve the student’s practical understanding and approach. However, these elective subjects would differ from one university to the next.
|First Semester (Compulsory Subjects)||Second Semester (Compulsory Subjects)|
|Strategic Management||Research Methodology|
|Quantitative Techniques||Case Work|
|Financial Accounting for Managers||Research Paper|
|Human Resource Management||Literature Review|
|Computer Applications||Ethics of Research Proposal Management|
|Social and Economic Environment||–|
|Third Semester||Fourth Semester|
|Submission of Research Proposal||Submission of Research Thesis|
|Human Resource Management||Financial Management|
|Managerial Leadership||Mergers & Acquisitions|
|International Human Resource Management||International Finance|
|Training and Development||Portfolio Management & Security Analysis|
|Marketing Management||Operations Management|
|Product Management||Supply Chain Management|
|Service Marketing||Business Engineering|
|Internet Marketing||Technology Management|
A comparison of PhD Business Administration and PhD Finance can be found in the table below. Management students are particularly interested in these two courses. A few of the distinctions are listed below.
|Basis of Comparison||PhD Business Administration||PhD Finance|
|Also referred as||Doctorate of Philosophy in Business Administration||Doctorate of Philosophy in Finance|
|Focus||Business Analytics, Financial Management, Applied Econometrics,HR and IT Management, and Emerging Issues in Organizational Behavior are all areas of study.||Accounting, Economics, Corporate Finance Theory, Statistics, Financial Management,and Investments are all covered in this course.|
|Type of Degree||Doctorate||Doctorate|
|Process of Admission||Entrance Exams||Entrance Exams|
|Eligibility Criteria||A master’s degree with a minimum of 55 percent in management, business administration, or statistics courses||A master’s degree with a minimum of 55 percent in courses related to accounting, economics, and mathematics is required.|
|Fee For the Course||INR 27 lakh||INR 30 lakh|
|Average Salary in the beginning||INR 12 lakh – INR 16 lakh per annum||INR 4 lakh – INR 8 lakh per annum|
|Top Employing Firms||The banking sector, universities, MNCs, Administrative sectors, etc.||Apple, Citigroup, Deloitte, Amazon, Facebook, Accenture, Bain & Company, etc|
|Career options for Job||Assistant Manager, Events Executive, Administration Manager, Business Administrative Executive, Associate Manager.||Stockbroker, Statistician, CFA, CA, Corporate Banking.|
The following are some of the books that students can use while pursuing a PhD in Business Administration:
|Book Name||Author’s Name|
|Business Research Methods||Cooper, D.R., Schindler, P.S. and Sun, J.|
|Rethinking the Process of Operational Research & Systems Analysis.||Tomlinson, R. and Kiss, I.|
|Business Data Analysis using Excel.||Whigham, D|
|The Economic History of India under early British Rule||Dutt, R.C., 2013|
|Game Theory for Applied Economists.||Gibbons, R.S.|
A comparison of the top two colleges for PhD business administration is shown in the table below. IIM Ahmedabad and IIM Bangalore are the two colleges. The comparison is based on ranking, admission process, course fees, salary, and other factors.
|Name of the Institute||Indian Institute of Management Ahmedabad IIMA||Indian Institute of Management Bangalore – IIMB|
|Highlight||After IIM Calcutta, IIMA was the second IIM to be established. It is a nationally significant institution. It was founded in 1961.||The Institute of Management and Business Administration (IIMB) was founded in 1973 and is a public business school. It was India’s third IIM to open its doors.|
|Ranking by NIRF||1||2|
|Average Annual Fees||INR 23 lakh||INR 23 lakh|
|Admission process||CAT, GMAT, etc||CAT, GMAT, GRE, and NET|
|Average Annual Salary||INR 25.83 lakh per annum||INR 20 lakh per Annum|
|Top Hiring Firms||Accenture, PwC, JP Morgan Bank, HSBC Bank, Hindustan Unilever Limited, Microsoft, The Boston Consulting Group,FinIQ, ABG, Aditya Birla Group, American Express, Bajaj Finserv, etc.||Deloitte USI, Deloitte India, AT Kearney, Boston Consulting Group, Accenture,Bain & Company, Strategy, EY-Parthenon, McKinsey & Co, etc.|
For successful candidates, a PhD in Business Administration opens doors to high-level positions with high responsibility and pay.
The table below lists some of the jobs, along with their descriptions and salaries:
|Profile of Job||Description of Job||Starting Average Salary|
|Associate Manager||Associate Managers serve as a bridge between Project Managers and the rest of the team. They primarily create project plans, budgets, team resources, team direction, and responsibility distribution.||INR 12,21,861 per year|
|Administration Officer||They are in charge of the organization’s operations, forecasting business growth, supervising, and supporting employee needs.||INR 4,98,973 per year|
|Business Development Manager||BDMs are in charge of managing customer expectations and developing business solutions for businesses. They’re also in charge of expanding revenue streams, increasing brand loyalty, and improving customer satisfaction.||INR 6,01,685 per year|
|Chief Executive Officer – CEO||As the CEO, the employee is in charge of the entire company. They are in charge of strategic planning, financial operations, and so on. They also form new connections with business leaders.||INR 30,44,733 per year|
|Vice President / CFO||Oversees the management of company finances and is responsible for strategic forward-thinking. Make connections with current and potential investors, participate in audits, and so on.||INR 36,51,736 per year|
A PhD in Business Administration, also known as a DBA, qualifies a candidate as a domain expert and consultant. Candidates will have the opportunity to work in both academic and practical areas of applied research. In the industry, these are in high demand.
PhD Business Administration programs range from three to five years in length at various Indian universities.
When it comes to reserving seats for candidates from underrepresented groups, each university adheres to government regulations. Seats for reservation category candidates can be found in admission notifications.
An MBA is one of the prerequisites for pursuing a PhD in Business Administration. While an MBA concentrates on current business knowledge, a PhD concentrates on new concepts and improving business statistics and strategies. While there are other Masters programs that can lead to a PhD, an MBA can be earned as a second degree after completing a PhD in Business Administration. The PhD, on the other hand, covers all aspects of an MBA.
Financial Market Operations introduces the concepts of economic development, capital market structure, securities, and the Securities and Exchange Board of India, as well as other fundamentals. One of the most important aspects of business administration is financial management.
Game Theory Applications are concerned with a company’s pricing and output strategy. The Nash equilibrium is the foundation for these. It aids in the proper positioning of a company in the market, allowing it to gain assets and reduce liabilities.
In India, there are numerous PhD programs. PhD Operation Management is one option in the PhD Management domain. PhD Marketing and PhD Business Management are two other excellent options.
A candidate who earns a PhD in Business Administration can begin their career with a strong foothold in high-level positions. Starting as an Associate Manager, the candidate can advance quickly to Directorship. The candidate has the potential to become a company’s CEO or CFO.
Eligible students can take a variety of national level entrance exams, such as the GATE and the UGC-NET. They can also give SLETs that are state-specific.
Seat reservations in various colleges are available according to government regulations.
In Maharashtra, there are seven colleges that offer PhD Business Administration programs.
Many colleges in Delhi offer full-time PhD Business Administration programs.
GRE is an international qualifying exam for PhD Business Administration that is accepted by some Indian colleges.
The Doctor of Philosophy (PhD) in Business Administration is an internationally recognized research degree that enables professionals, managers, and academicians to use advanced research skills and techniques to scientifically describe, explain, and improve existing management practices.
Although the DBA is an in-demand degree, it is unlikely to overtake the MBA in terms of number of graduates. However, the DBA is a highly regarded degree that, when combined with your own unique skills and experiences, can help you stand out among your MBA-educated peers.
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