Doctorate in Small Business Management degree program provides students with in-depth knowledge of various theories of business, financial management, business and corporate systems, leadership, economics, accounting and business strategy. In addition to this, the doctoral in small business management degree program also introduces students to various successful business models, corporate concepts and global business practices.
This doctoral program integrates coursework with student thesis and is research based in addition to classroom studies.
Typically, students successfully complete their doctoral in small business management degree program in four to five years.
PhD in Small Business Management degree program may be offered as an online only, on campus or as a hybrid degree program, depending upon the college or university the student chooses to attend.
How to get enrolled in a PhD in small business management degree program?
If you choose to pursue a PhD in small business management degree program, the university or college that you intend to apply to may ask you to fulfill certain requirements before they consider giving you admission. These requirements normally serve as basic eligibility criteria for the program. These prerequisites may vary from university to university but normally include the following:
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A master’s degree from an accredited college or university
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GRE or GMAT test scores may not be required by some universities
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Letters of recommendation
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Personal statement
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Official transcripts from all previous academic institutes attended
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An acceptable GPA, a GPA of 3.0 or above is preferable
During the admission process, some colleges or universities may give preference to students with previous coursework in related subjects such as accounting, financial management and business studies. To make your admission application stand out, make sure you include previous professional work experience related to this field in your application.
What will you learn from PhD in small business management degree program?
The curriculum of the PhD in small business management degree program has been designed in such a way that it builds a core foundation for the students in the principles of business management. In addition to this, the curriculum teaches the students to conduct qualitative research to further their knowledge and understanding of the subject. The curriculum also introduces students to emerging trends and latest technologies in reference to small business management.
Coursework may vary from institute to institute but normally includes the following core courses:
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Practices and theories in business management
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Management theory creation
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Applied qualitative research
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Applied multivariate modeling
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Principles and practices of business marketing
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Economics in global environments
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Financial management
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Principles and practices of business accounting
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Quantitative research techniques
Most colleges and universities require students to complete a research thesis or a dissertation project as a part of the curriculum.
Related career outlook and statistics
There are several careers related to this field such as post secondary teachers, management or business consultant, post secondary education administrator or dean of a business program.
According to the US Bureau of Labor Statistics (BLS), the annual median salary of post secondary business teachers was $73,660 in 2012. BLS also projected that the number of professionals working as post secondary teachers would rise by 19 percent from 2012 to 2022.
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Post Secondary Education Administrators
The department of labor calculated that the annual median salary of post secondary education administrators was $86,490 in 2012. The United States Labor Department also estimated that the demand for these professionals would increase by 15 percent from 2012 to 2022.
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Business consultants or management analysts
The annual median salary of Management Analysts was $78,600 in 2012 (BLS). The department of labor also estimated that the demand for these professionals would see an increase of 19% from 2012 to 2022.