A Doctor of Business Administration (DBA) program is a field of study that offers high-level training to professionals seeking senior management positions in their chosen business fields. Similar to a PhD in other areas of study, a DBA is the highest educational degree you can attain in the field of business administration.
Why Get a DBA?
A Master’s in Business Administration (MBA) is valuable, no question about that, but a DBA is even better for the following reasons:
Learn high-level business skills and techniques
A doctoral degree in business administration trains you for senior leadership roles such as C-level and organizational management positions in corporations, nonprofits, and government agencies. The field of business is multidisciplinary, and DBA programs allow students to specialize in specific areas. DBA courses are offered in niches like financial management, engineering and technology, public administration, project management, marketing, and many more.
Stand out from the crowd
Gone are the days when the MBA was the coveted degree. In an ever-expanding community of MBA degree holders, your doctorate in business administration will make you shine, particularly when going against other business professionals for the same executive position.
Better compensation and benefits potential
Because your DBA trains you in advanced business study and research necessary for strategic planning and decision-making, you can bring long-term value to an organization. This may translate to handsome remuneration packages that include better benefits and higher wages.
Top DBA Job Opportunities
DBA programs offer rigorous, hands-on training in various fields of specialization and career interests. The career paths you can pursue with a DBA are numerous, but here are some of the most notable:
Also referred to as “management consultants,” management analysts advise managers on how to improve the bottom line through cost reduction and increased revenue generation.
According to the Bureau of Labor Statistics, the career outlook for this position from 2016 to 2026 is 14%, which is faster than average.
High-level executives oversee the operational direction of an organization. They design policies and strategies to make sure their companies meet their business objectives.
Data from Indeed.com shows that the average annual salary for CEOs in the U.S. is $107,000.
Market research analyst
This profession explores which products or services people are looking for and at what price. Salary.com pegs the median annual salary for market research directors at $152,000.
If you’re looking to pursue a career in academia, the postsecondary teaching profession, according to the Bureau of Labor Statistics, is projected to grow 15% from 2016 to 2026.
Economists conduct research, monitor economic trends, and perform data analysis to understand how society distributes resources. According to an analysis of past and present job ads on Indeed.com, the average annual salary for an economist in the U.S. is $97,000.
Dr. Christine Benz earned a DBA with an emphasis in Organizational Leadership from NCU in 2015. As the head of the Training & Development for a global technology firm, she has this to say about her DBA:
According to Dr. Christine Benz, “My DBA from NCU has been a significant career booster for me. Since my graduation from NCU in 2015, I have been promoted to Training & Development Manager of a leading, international manufacturing company. In this role, I am responsible for the continuous learning and development efforts of our over 1,000 employees in North America and the technical training of our service personnel worldwide.
A DBA degree affords you the opportunity to fine-tune your knowledge, explore emerging business trends and technologies, formulate and execute solutions, and learn from the experiences of your mentors and colleagues.
Click here for a full list of NCU’s DBA degree offerings.