At the turn of the 20th century, the world was industrializing at a rapid pace. Companies were getting bigger and more complex, with more employees working in more diverse divisions spread across more geographic boundaries.
As a result, the demand grew for people with special training in managing the general operations of a business, which led to the creation and proliferation of the Master of Business Administration (MBA) degree.
More than 100 years later, MBAs have become a commodity that no longer meets the basic needs of organizations.
In today’s age of data and information, knowledge has become the most valuable resource. Companies do not necessarily need more general managers who can assess general trends in several sectors. They need people with deep expertise in specific areas who can analyze data and generate unique insights that lead to better business decisions.
This is why Doctor of Business Administration (DBA) graduates are becoming increasingly valuable in the modern workplace.
DBA is a professional degree representing the highest level of qualification in management. Unlike an MBA, it takes students on a different path to acquiring and using business knowledge.
For an MBA, students spend two years taking a wide range of hands-on courses to learn about several pillars of business, such as accounting, finance, marketing, leadership, operations, strategy, and management. ethics, to help them become effective leaders in many sectors.
In contrast, DBAs spend up to two years studying academic literature in multiple fields and up to two additional years designing and executing an original research project: a field-focused thesis. The main objective of a DBA is to train scholars with in-depth expertise in an area of management.
When seeking leadership positions, “Dr.” titles are likely to help them stand out from their peers. DBAs can also move into high-level positions in areas such as advising by becoming subject matter experts or maintaining ties to academia as full-time or adjunct faculty.
The education of DBAs provides them with various career options. The academic literature they read gives them expertise in understanding management theories that can help them analyze real-life situations and differentiate signal from noise. A DBA specializing in innovation can assess whether new entrants to a market pose a credible threat as a disruptive innovation to an existing business.
Students then learn advanced scientific techniques in quantitative and/or qualitative methodologies, which trains them to analyze data to generate valid inferences that their organizations can use for decision-making purposes. Rather than relying on intuition and charts, database administrators can use powerful techniques such as data sampling to reduce bias, the use of statistical regressions to identify the most important factors that influence a result or the design of an experiment to achieve 100% certainty about the causal relationship between variables. .
Finally, DBAs combine their business knowledge with analytical skills to design and execute original research studies, making them the world’s top experts in particular fields.
DBAs also stand out because they make up only 2% of all people with advanced business degrees. In 2021, more than 250,000 students graduated with MBAs or specialized business degrees; only 5,000 obtained a doctorate.
Although a DBA can be an attractive option that can be very valuable for today’s organizations, it is not necessarily recommended for everyone.
To help you determine if a DBA is right for you, the most important question to ask yourself is whether you are satisfied with the tools and frameworks you use to analyze data and information to make important business decisions. If you’ve ever wondered where these executives came from or if there might be a better way to make decisions, consider applying for a DBA program. These programs are designed to channel deep intellectual interests and passions into the production of business knowledge that is both theoretically new and practically relevant.
DBA training can help you develop deeper knowledge than an MBA program while opening doors to more ambitious careers in industry or academia. While MBA degrees are designed to meet the needs of 20th century businesses, DBAs can help meet the needs of organizations today and tomorrow.
Learn more on how earning a DBA can help accelerate your career.