What exactly does a Business PhD in Business entail? The doctoral program for business students trains students to carry out highly specialized academic research into business problems and issues. Most graduates with a Master of Business Administration (MBA) in business go on to lead research departments at large corporations and universities, or serve as senior researchers or professors in various disciplines related to business. The programs offered by the University of Michigan School of Business generally cover a variety of areas, including finance, economics, human resources, marketing, operations, strategic management, and other related academic disciplines.
The program for those wanting to do research in business is called a Masters in Business Administration (MBA). The curriculum is quite extensive and includes topics such as accounting, business ethics, entrepreneurship, financial planning, marketing, organizational behavior, and leadership. Students are taught how to analyze business problems and issues.
Graduates of the MBA program typically get their first job within four years after graduation and have an average salary of $75K per year. The program also trains them to be managers, educators, executives, or salespersons.
On the other hand, a Bachelor's degree in business is a more general degree that usually has more practical value. Many of the Bachelor's degree programs available through business schools also offer minors and certificates in order to further specialize in a certain area of business. A Bachelor's degree in Business Administration (BSBA) is usually taken two years after high school. Many students are able to complete the program in three years.
The Bachelor's degree in Business Administration program will typically allow students to focus on three areas of study: business law, business economics, and management. Students who choose this program often become business managers. Those who choose a Bachelor's degree in Business Administration (BSBA) can specialize in a particular area of business. In most cases, they will then pursue a Master's degree in Business Administration or another related field.
Some Business Schools, especially the well-known University of Michigan School of Business offers a Master's Degree. in Business Administration. While some programs take longer than others to complete, these programs provide students with many opportunities for career advancement. There are also a number of online MBA programs available for those who don't have a lot of time to attend a traditional business school. There are many Business schools to choose from – and each one offers different degrees.