When you think of pursuing a doctorate, you might think of the prestige that comes with it. You might also think about how much time and money it takes to earn one. While there are some benefits to getting a Ph.D. in business, there are also plenty of reasons to consider getting an online DBA. In this blog post, we’ll discuss some of those reasons so you can make an informed decision about your education path.
More Flexibility
You can pursue DBA online from anywhere, which gives you the flexibility to live in any location. You can manage your time better, and if you have kids or a family, you won’t need to worry about missing out on important events.
You can also take breaks whenever you want, which is excellent for people who travel often and want to continue working while they’re away from home. Or maybe it’s just that some days are more important than others; maybe there are certain times when playing with your kids or spending time with friends is more important than studying online.
Practical Focus
In most cases, a DBA is designed to help you develop practical skills that you can apply directly to your current job. The DBA will not be focused on theory and research but on developing a practical business plan based on your current job.
A Ph.D. program will focus more on the theoretical side of the business and may require some time away from your current job while working on it. It means that when you finish your Ph.D. program, it’s unlikely that any new opportunities will come up at your company unless they hire for higher-level positions (which doesn’t happen often).
When you complete a DBA program online instead of pursuing a Ph.D. in Business Administration, or another advanced degree in business, several things are likely to happen. You’ll graduate with specific knowledge about how companies work, learn how different industries operate and gain expertise in accounting procedures and financial management strategies.
Lower Tuition
The cost of tuition for an online program is much lower than that of an on-campus program and is reason enough to pursue a DBA online instead of a Ph.D. According to College Board data, the average annual in-state tuition at public four-year colleges was $10,740 in 2021-2022. An online degree may be even less expensive than that and more affordable for students who live far away from their desired university or have other financial obligations such as families or full-time jobs.
In addition to being cheaper overall, pursuing an online degree will allow you to keep your current job while earning your degree. You won’t need to quit work and relocate so you can attend classes on campus. Instead, you’ll be able to work remotely during this period while still making progress toward completing your education.
Maximum Networking Potential
The networking potential of the DBA program is also worth mentioning. Most people think of networking as something that happens at conferences or on social media, but you can network with anyone and everyone in the online world. It is especially important for those preparing for their career after graduation because there are so many ways to use your newfound expertise in business administration to help others.
Whether it’s reaching out to someone who may be able to offer some advice or just sharing your knowledge by answering questions from other students, there are countless ways for you to grow professionally through this medium. For example, you can find a mentor who is very knowledgeable about the particular field and can guide your studies and beyond graduation.
Finishing Faster
The fact that you can finish your DBA faster than a Ph.D. is another one of the primary reasons to pursue it. In addition, you will be able to start working sooner, which means that you can make more money earlier in your career and spend more time with family or traveling.
It’s not just that online courses are offered at a much faster pace than in traditional universities, but they also allow students to work on assignments whenever they want. For example, if an assignment is due during your vacation time, then all you have to do is complete it ahead of time so as not to fall behind schedule.
Bottom line
There are many great reasons to choose an online DBA over a Ph.D. An online DBA may be the perfect fit for you if you’re looking for convenience and flexibility. If you want to finish faster, or your finances aren’t as flexible as they once were, then an online degree could provide relief. Many students can finish their degrees within one or two years by taking courses at their own pace while still working full-time jobs.
We hope you’ve found this post enlightening and that you now know why online DBA programs are such an excellent option for up-and-coming business professionals. The best part about these programs is that they allow students to maintain their current jobs while studying at their own pace from anywhere in the world, making them ideal for anyone who wants more flexibility in their educational experience.
