It is a doctoral-level program specialised in the management discipline. Ph.D. in Management is designed especially for the aspirants who are willing to make their career in academic research, consultancy, corporate organisation, and teaching. The program helps develop different skills in a person as business understanding skills, assessment, analysis, learning, growing leadership qualities, proficient communication skills, cooperation skills, conflict resolution, allocation strategies, decision making, etc. The professionals in this field help the scholars understand the management strategy and supervise the subordinates efficiently and effectively.
To take admission in a Ph.D. program, you must hold a postgraduate degree in management from a recognised University in India with a minimum of 50% marks. This marks requirement may vary from college to college. On average, it takes approx five years to complete a Ph.D. program.
Benefits
After completing a Ph.D. in management, you can get benefit in different ways:
- The degree opens many doors to grow your career in both the education sector and the corporate sector.
- The course helps you to improve your prospects of highly paid employment.
- It helps you to follow and research the subject of your interest.
- It imparts several skills required as a consultant in corporate organisations.
- It helps to learn about the information system, finance, operation management, markets, and dealing with the external world.
- It helps to identify new and innovative techniques that can be used in the day to day business.
- The course also increases the chance to get an opportunity to work abroad.
Scope
This course helps to build a strong foundation for your career growth. You can get a job in both the private or public sectors after completing the program. After completing a Ph.D. program, you can get a job for a variety of job roles.
Management Consultant: These consultants help companies provide business solutions and deal with various issues while taking business decisions. They also help build relationships with the vendors and create programs that help meet business goals. A management consultant helps in advising, consulting, and creating programs with their supervisory and managerial skills by analysing the actual situation, improving the organisation’s performance, achieving customer satisfaction, and motivating its employees.
Business Analyst: They have to analyse the business’s needs and develop strategies as per those needs. They help evaluate the information from different sources and communicate with the final data to the subordinate level staff for the improvement of the business process.
Management Accountant: The analyse of the financial information of the business and helps in increasing the profitability of the business to grow, analysing the financial reports of the business, budget planning, checking cash flows, budgeting, variance analysis, etc.
Human Resource Manager: An HR manager has to improve the quality of an organisation’s human resources by planning, executing, and assessing employee relations as per the human resource policies and practices of the organisation.
After getting a doctoral-level degree in management, you have a choice whether you want to join a corporate organisation or want to pursue any other profession. Some other profiles after completing Ph.d. are Business Development Manager, Chief Executive Officer, Quantitative Analyst, Product Manager, Policy Analyst, Market Research Analyst, Strategic Manager, and University Lecturer, etc.
Conclusion
The research scholars have a bright future in the management line required in both teaching jobs and corporate organisations. The research during the course helps you to explore new and innovative techniques of management. After completing a Ph.D. degree, you can get a rewarding salary in all the managerial fields.