Are you wondering what career options await you after completing your Doctorate in Business Administration? Well, wonder no more! This article will dig into the career path and business administration jobs available for those who have completed their DBA in the United States.
Let’s explore what positions are out there and how much money people are making in order to help you make a well informed decision about your career. That’s why we are here to provide essential career advice on what job opportunities and salaries you can look forward to after completing your business education.
But first, let’s start with a better understanding of what a doctorate in business administration is all about.
What is DBA?
A Doctorate of Business Administration (DBA) is an advanced academic degree designed to give students the knowledge and skills needed for a successful career in business. It focuses on developing your abilities to lead, manage, innovate, and make decisions at a higher level within organizations.
The program equips you with the tools to become effective problem-solvers by allowing you to apply theoretical principles and research methods to real-world business situations. You also gain specialized knowledge in organizational behavior, operations management, strategic planning, and business analytics.
Upon completion of this degree program, you will be well equipped with the necessary knowledge and skill set required for success in various fields related to business administration.
How is a DBA Different From an MBA?
An essential difference between a Doctor of Business Administration (DBA) and a Master of Business Administration (MBA) is that the former is research-focused. At the same time, the latter has more career-oriented aspects.
An MBA program usually prepares career professionals for management positions by providing them with business skills such as finance, accounting, marketing, and operations management.
On the other hand, DBA programs focus on research-based topics, such as strategic management and organizational behavior, that are applicable to business career paths. Also, a DBA is more specialized than an MBA and typically requires more years of study and research.
A DBA lands you with better job opportunities and career paths in the business sector. Let’s delve into that next.
What to Expect After a DBA Degree?
Upon completing a Doctorate in Business Administration, you will be well-rounded and have the necessary knowledge and skills to pursue career paths in business. You may find yourself in high demand as there is an increasing need for highly trained professionals who are knowledgeable about business concepts and strategies.
The career opportunities available include executive positions in corporations or government organizations, higher education teaching roles, consultancy positions, or even starting your own business!
Also, the average salary for those with a DBA is very competitive, and you can expect to earn anywhere from $90,000 to $150,000 a year. In the US, career opportunities are abundant in the business sector, and with a DBA, you can expect to be well-equipped for a successful career.
Career Paths After Completing your DBA
Now that we’ve established what a DBA is and how it differs from an MBA, let’s explore some career paths for those with a Doctorate in Business Administration.
- Consultant
A business consultant typically helps companies identify their strengths and weaknesses and provides advice on how to improve operations or increase revenue. This career path is ideal for those who have a strong understanding of organizational strategy, business analytics, financial management, and marketing. The salary ranges from $70,000 – $100,000.
- Professor
Becoming a professor is a career path for those with solid research aptitudes and teaching abilities. Professors may teach at universities or colleges and have the ability to conduct research in areas of their expertise, such as finance, operations management, and business analytics. Salaries can range from $60,000 – $100,000.
- Business Analyst
A business analyst is someone who helps companies identify areas of improvement and cost-effectively implement solutions. This career path requires strong analytical abilities and problem-solving skills combined with excellent communication and presentation skills. Business analysts can earn anywhere from $40,000 to $80,000 per year.
- Executive Leadership
After completing your DBA degree program, you can pursue executive leadership positions within organizations. These positions involve developing strategies to ensure the growth of the company as well as making decisions about resources and personnel. The salary range for this career path is $80,000 – $150,000.
- Academic Research & Teaching
With a DBA, you can pursue career opportunities as a researcher or professor at academic institutions. This career path involves conducting or overseeing research projects related to business administration and teaching courses at the graduate level. Moreover, you can expect an annual salary of $60,000 – $100,000.
- Entrepreneurship
People who have completed their DBA are often well suited for entrepreneurship because they have an in-depth understanding of business strategies. The knowledge attained through this degree program provides a strong foundation for launching your own business venture. This is a great career option for those looking to make their mark and be their own boss. The salary range for this career path is unlimited, depending on the success of your business.
With a Doctorate in Business Administration degree job, you will have opened up a world of career possibilities. From management consulting to finance and audit positions, your career path options are diverse and varied. You can use your business administration degree to work in an executive capacity, leading teams and organizations in their business-related initiatives.
Doctoral in Business Administration Jobs and Salary
Now that we’ve discussed career paths available after obtaining a Doctorate in Business Administration let’s look at some specific jobs available in the field and their salaries.
- Business Development Manager
A business development manager identifies new business opportunities and strategies to boost sales. The average salary of a business development manager in the US is $90,000 per year. Can you believe that?
- Business Intelligence Analyst
A business intelligence analyst is responsible for gathering data, analyzing it, and providing insights on trends in the market. This career requires strong analytical and problem-solving skills as well as knowledge of software analysis tools. The average salary for this position is $87,000 per year.
- Chief Operating Officer
A chief operating officer (COO) is the executive responsible for overseeing an organization’s daily operations and managing its resources. The average salary of a COO in the US is around $160,000 per year.
- Data Scientist
A data scientist develops models and algorithms to analyze large datasets and develop insights that can be used later to inform business decisions. The average package of a data scientist in the US is upwards of $120,000 per year.
- Marketing Manager
A marketing manager oversees activities related to marketing and advertising campaigns. The average salary of a marketing manager in the US is around $92,000 per year.
- Government Contract Manager
After completing doctoral studies in business administration, you can pursue career opportunities as a government contract manager. This career requires excellent knowledge of the legal and policy aspects of governmental contracts. A government contract manager helps organizations negotiate and manage contracts with the federal government. This career requires strong project management skills as well as the ability to understand legal documents. The average salary for this career path is $92,000 per year.
- Sports Operations manager
After a DBA, you can pursue career opportunities as a sports operations manager. This career path involves managing the day-to-day business operations of a sports team. It is interesting to handle sports business operations that involve managing schedules, contracts, and personnel. The average salary for this career is around $80,000 per year.
- Human Resources Manager
After a DBA, you can pursue career opportunities as a human resources manager. This career requires excellent knowledge of labor laws and HR policies. A human resources manager is responsible for recruiting, interviewing, hiring, and training new employees. The average salary for this career path is $80,000 per year.
The career opportunities available after completing your DBA are diverse and lucrative! With the knowledge and skills gained through this degree program, you can pursue any number of career paths within business administration.
It’s important to consider what career path interests you the most before deciding which type of doctorate in a business administration program is the best fit for you. So go ahead and explore all the career possibilities that await with a Doctorate in Business Administration!
Conclusion
A Doctorate in Business Administration can open the door to many career paths and opportunities. From business development managers to human resources managers, there are a variety of career paths available for those with a DBA.
With its diverse career options and lucrative salaries, it is no wonder that more and more individuals are pursuing doctorates in business administration. Have you decided what type of career path you’re interested in? Start exploring your career options today!
Moreover, obtaining a Doctorate in Business Administration can be a great way to jumpstart or advance your career. After completing the program, graduates have access to job titles like business development manager, chief operating officer, and data scientist, which offer attractive salary packages and an excellent reputation. With this degree, you will be well-equipped for career success!
