DBA vs MBA vs PhD - explaining the differences
Often, managers realize that they have only few options to advance in their career - they can work hard and smart for many years and climb up the ranks of the company, switch their employer to find better challenges or try to get a postgraduate degree. However, in today's business world, many managers have already earned a postgraduate degree - likely a Master or most probably the worldwide known MBA.
Thus, a manager might find him- or herself left without a new challenge ahead. One, that gives the edge to pursue new heights, conquer the top management circle or maybe just focus on a real business problem from an academic view point - as this might have been a passion before.
Here, the DBA offers a once-in-a-lifetime experience and solution. It is the highest possible academic achievement for a manager, who does not wish to pursue an academic career necessarily. Compared to a PhD, which requires students to make a significant contribution to the world of academia and to drop out from the management career for many years, the DBA asks students to contribute to professional practice, while staying on the job.
Both research degrees confer the title "Dr" and hence managers receive the highest form of credibility as part of their name (please be aware that certain local or national, legal restrictions still apply).