mba after a phd

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Is it useful to do an MBA after PhD?

I have heard of people who have gone on to pursue an MBA after their doctorates. What are the advantages/downsides of this?

Wouldn't the companies recruiting them after MBA value their doctorate experience less compared to the experience gained at an MNC? Is there a risk of them being valued as "failed" doctorates?

• graduate-school
• business-school

• 6 MBAs and PhDs are two different things. If you want to run a business, do an MBA. –  Dave Clarke Commented Jun 1, 2012 at 8:24
• It really depends on the degree and what you ultimately intend to do... What do you plan to get your PhD in, and how do you plan to use an MBA as part of your future plans? –  Paul Commented Jun 2, 2012 at 14:13
• 1 Nature just had an article about it: nature.com/naturejobs/science/articles/10.1038/nj7523-523a –  Gimelist Commented Nov 4, 2014 at 22:39

4 Answers 4

There are several cases where PhDs do an MBA. Some of them are:

• Bored of research as a whole.
• Irritation with academia and poor scope in Industry.
• Want to earn money.
• For furthering responsibilities at the university where one is a professor. If you do some looking around, a high amount of Deans to have an MBA along with a PhD.

No degree ever goes waste. Most people with PhD and MBA acquire director positions in companies.

• 26 "no degree ever goes waste" [citation needed] –  JeffE Commented Jun 2, 2012 at 5:43
• 1 "Most people with PhD and MBA acquire director positions in companies." That seems insanely hard to believe. –  xLeitix Commented Jan 4, 2014 at 16:07

A qualification regardless of level and field of study is never a waste, one needs to realize how to use it wisely and appropriately. As we navigate life we shift perspective and interests, our education choices therefore need to reflect this. Ph.D provides sound research focus, MBA provides sound business and leadership focus. The two combined is a great and electrifying combination.

• 4 A qualification regardless of level and field of study is never a waste — [citation needed] –  JeffE Commented Jan 3, 2014 at 17:08
• @JeffE I can indeed think of many examples where a qualification was indeed a waste. However, a (good) MBA is not usually one of those cases. –  xLeitix Commented Jan 4, 2014 at 16:06
• 2 Right. A good MBA is not one of those cases. But many (if not most ) MBAs are not good . –  JeffE Commented Jan 4, 2014 at 20:08

PhD = specialist in a subject, research skills, critical mind MBA = Broad generalist, management, problem solving

The focus and scope is not the same. Also like it was said most researchers who want to climb the ladder need to take the management track which often require an MBA. Put simply an MD is an MD but a hospital manager needs to be an MD and MBA.

Also to teach at a business school other than math or economics you normally need an MBA. Best is a Phd/MBA but while a lowly MBA can teach that is not usually the case for a PhD.

• If a person is smart they will market their experience during the acquisition of their PhD as also providing them with the problem solving and management skill sets. If you are going to be successful in research or business these are good things to have. –  ryetochondria Commented Nov 5, 2014 at 1:10

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Is it Possible to Get My PhD After My MBA?

In academia, numerous accomplishments can be achieved. You can earn a dual degree and have expertise in multiple fields, or further your career potential by going back to school . But what about progressing from an MBA to a PhD? 

In regards to higher education, many consider earning a PhD, or doctorate degree, the pinnacle of success. Usually, due to passion for a particular industry or subject, a PhD candidate will spend years of rigorous research to unpack its intricacies and become a leading expert in the field.  At the end of their studies, they are able to finally see their work come to fruition when they receive their doctorate and join alongside other scholars. However, is it typical for an MBA graduate to move onto pursuing their PhD? And is there a specific purpose? Are there different types of PhD programs? What is the difference between a PhD and DBA?

To answer the budding question: yes, you can pursue your PhD after earning your MBA, and choosing to earn a doctorate is entirely up to you and your aspirations. To help you better understand if getting a PhD is the right choice, we look at the path an MBA graduate can take to earn their PhD, one of the higher purposes of a doctorate, and the different types of academic programs. 

What is a PhD, and What is it Used For? 

By definition, a PhD is a Doctor of Philosophy in a particular discipline, which is why it's also referred to as a doctorate. This focus is typically for individuals highly passionate about a specific subject matter, driven by the pursuit to understand it better through rigorous research. A majority of students seeking their PhD are eager researchers, although there are always exceptions, and each carries out years of highly intensive research to conclude their original thesis and earn their doctorate. 

In terms of translating your education into a career, a doctorate can be used in a plethora of fields, especially if one’s thesis is around a wider subject matter and can be a discipline applied to various industries (take organizational development, for example). For those who are passionate about a career in research, a doctoral degree is a perfect fit. Possibly the most popular field for those with a doctorate is a fruitful career in academia, teaching their subject matter to others interested in the same area. Many graduates become faculty members at business schools upon completing their PhD and provide their expertise to their students. Regardless of which industry you choose, you can be assured that a PhD will provide you with numerous opportunities. 

How Long Does it Take to Progress from an MBA to PhD?

The timeframe for earning your PhD can vary depending on program and location. Many countries have varying timelines of how long the completion of a doctoral program will take. In the United States, the average is around 4-5 years of completion after receiving your Master of Business Administration. 

Do You Need an MBA to Get a PhD?

To be accepted into a doctoral program, you must have a master’s degree. It does not have to be a Master of Business Administration, but it does need to be a master’s of some form. Depending on your area of specialization, it could be advantageous to earn your MBA in pursuit of a PhD if you are planning to embark on a career in business upon completion of your doctorate. Additionally, one important aspect to consider is the program itself. It is important to look into a program’s requirements before applying to meet the eligibility criteria. 

The Difference Between a DBA and a PhD 

For those specifically interested in a career in business, a Doctor of Business Administration (DBA) is a highly beneficial doctoral program. A DBA focuses on a broader spectrum of business disciplines, dedicating research toward multiple corporate facets, and practical implementation. On the contrary, a PhD narrows into a specific area of discipline and research, emphasizing theory, and it’s potential implications. While both are heavily centered around research and implementation, a DBA sets business executives and leaders on a path to discover new possibilities for their organizations and businesses. In a way, it allows established business professionals to “trailblaze” the way for new and innovative ideas that can disrupt the market and set a precedent for the future of business.

Get Your MBA or DBA at Pepperdine Graziadio Business School

At Pepperdine Graziadio, we proudly offer degrees to accommodate business professionals at any stage of their lives and careers. Our full and part-time MBA programs are designed to prepare candidates for a successful career in values-based business leadership. All of our MBA programs offer a personalized learning approach executed by our world-class faculty. Each program is characterized by its top-ranked business curriculum that can be coupled with an academic concentration. 

Our Executive Doctor of Business Administration (DBA) program has been carefully designed for the tenured business leader looking to drive groundbreaking innovations. This rigorous program allows candidates to gain in-depth knowledge and finetune their expertise through applied research. Also, executives enjoy learning alongside changemakers in various industries and participating in exclusive opportunities available only to DBA candidates.

Learn more about which programs fit your career aspirations and academic interests.

Learn more about how to achieve your career goals with a degree from Pepperdine Graziadio Business School.

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Why a Doctorate in Business Administration Is Becoming More Valuable

Sponsor content from upGrad.

At the turn of the 20th century, the world was industrializing at a rapid pace. Businesses were growing larger and more complex, with more employees working in more diversified divisions spread across more geographical boundaries.

As a result, demand grew for people who had special training in managing the general operations of a business, which led to the creation and proliferation of the Master of Business Administration (MBA) degree.

More than 100 years later, MBAs have become a commodity that no longer serve organizations’ core needs.

In today’s age of data and information, knowledge has become the most valuable resource. Companies don’t necessarily need more general managers who can assess broad patterns across multiple industries—they need people with deep expertise in specific domains who can analyze data and generate unique insights that lead to better business decisions.

That’s why Doctorate in Business Administration (DBA) holders are becoming increasingly valuable in the modern workplace.

DBA is a professional degree representing the highest level of qualification in management. In contrast to an MBA, it takes students on a different path toward acquiring and using business knowledge.

For an MBA, students spend two years taking a broad range of practical courses to learn about several pillars of business—such as accounting, finance, marketing, leadership, operations, strategy, and ethics—to help them become effective leaders across many industries.

By contrast, DBAs spend up to two years studying academic literature across several domains and up to two additional years designing and executing an original research project: a dissertation focused on one domain. The primary goal of a DBA is to produce scholarly individuals who have deep expertise in a field of management.

When seeking executive-level positions, DBAs’ “Dr.” titles are likely to help them stand out from their peers. DBAs can also pursue high-level positions in areas such as consulting by becoming subject-matter experts—or maintain ties with academia as full-time or adjunct professors.

DBAs’ training gives them diverse career options. The academic literature they read gives them expertise in understanding management theories that can help them analyze real-world situations and differentiate the signal from the noise. A DBA specializing in innovation can assess whether newcomers to a market pose a credible threat as a disruptive innovation to an existing company.

Students then learn advanced scientific techniques in quantitative and/or qualitative methodologies, which trains them in analyzing data to generate valid inferences that their organizations can use for decision-making purposes. Rather than relying on gut feel and graphs, DBAs can use powerful techniques such as sampling data to reduce bias, using statistical regressions to identify the strongest factors that influence an outcome, or designing an experiment to gain 100% certainty over the causal relationship between variables.

Finally, DBAs combine their business knowledge with analytical skills to design and execute original research studies, making them the world’s leading experts in particular domains.

DBAs also stand out because they represent only 2% of all people who hold higher degrees in business. In 2021, more than 250,000 students graduated with MBAs or specialist degrees in business; only 5,000 graduated with doctorates.

While a DBA may represent an attractive option that can be highly valuable to organizations today, they are not necessarily recommended for everyone.

To help you determine whether a DBA is right for you, the most important question to ask yourself centers on whether you’re satisfied with the tools and frameworks you use to analyze data and information to make important business decisions. If you’ve ever found yourself wondering where these frameworks come from—or whether there might be a better way to make decisions—consider applying to a DBA program. These programs are designed to channel deep intellectual interests and passions toward producing business knowledge that’s both theoretically novel and practically relevant.

DBA training may help you develop deeper knowledge than an MBA program will while opening doors to more ambitious careers in industry or academia. While MBA degrees are designed to meet the needs of 20th-century businesses, DBAs can help meet the needs of organizations today—and well into the future.

Learn more about how earning a DBA can help you step up your career.

Should you do an MBA after PhD?- Best Career Options

Can you do an mba after phd.

Yes, nothing is restricting you from pursuing an MBA after a PhD. A PhD is the highest degree of education someone can achieve in a particular field. But, even if you have completed a PhD, you might still want to pursue additional degrees. An MBA can boost your career journey. For example, it can help you get a promotion, migrate from academia to industry, or change industries altogether.

Why should you get an MBA after PhD

Work in the industry.

Even though it is not always necessary, an MBA can help you make the transition from academia to industry. The skills learned through an MBA are geared toward the industry. Also, an MBA gives you the necessary experience to work in teams and become a manager.

Gain a Promotion

Change industries, best strategies to get an mba after phd, program structure and length, related articles:.

GRE vs GMAT for MBA – Which test should I take?

Find the Right Ph.D. Program: Main Considerations (including funding)

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Doing A PhD After MBA: Universities, Programs, Benefits

• Updated on  
• Jun 3, 2024

Higher studies often encompass the decision of pursuing a bachelor’s, master’s and then, if you feel like delving deeper into your chosen field, a doctorate degree.

When it comes to the vast domain of commerce, a PhD is commonly chosen by those wanting to explore the academic arena. Working professionals don’t usually opt for a PhD given the extensive amount of time it demands and also because it has more academic use.

So, if you have recently completed your Master of Business Administration, choosing a PhD might require some thinking to finally arrive at the right decision. This blog aims to elaborate on what a PhD after MBA entails and how it can advance you further in your career journey.

This Blog Includes:

Phd after mba in india, benefits of phd after mba, top phd programs after mba, eligibility, phd after mba abroad – admission process & entrance exams , phd after distance mba, phd after mba in finance, top universities for phd after mba abroad, top countries to study phd after mba, career scope & employment sectors.

Want to pursue PhD after MBA in India? There are colossal benefits of PhD after an MBA that can equip you with a competitive edge in the management and business world as well as the research and professional exposure you need to aim for high-salary managerial profiles in India and abroad.

Here’s what you need to know about PhD after MBA in India:

• Eligibility : You must have completed a 2-year MBA degree to apply for PhD in India along with qualifying for UGC-NET or GATE exam to gain admission at top business schools and universities in India.
• Duration : In India, you can complete your PhD after MBA in 3-5 years depending upon the program and university.
• Requirements : For PhD after MBA in India, you must have GATE/ UGC-NET / CSIR-NET scores, a research proposal ready along with letters of recommendation and optional work experience to increase your chances of admission.
• PhD in Management
• PhD in Organizational Behaviour/Management
• PhD in Behavioural Finance
• PhD in Applied Statistics
• PhD in Information Technology/Data Analytics
• PhD in Market Analysis and Research
• Faculty of Management Studies, University of Delhi
• Benaras Hindu University
• Indian Institutes of Management Studies (IIMs)
• Indian Institutes of Technology (IITs)
• National Institute of Management, Calcutta

Also Read: PhD Scholarships in India

As the highest academic degree in theoretical disciplines, a PhD or Doctorate of Philosophy is perfect for those seeking a greater depth of knowledge in a specific area of interest. Going for a PhD after MBA can be beneficial for a plethora of reasons, some of which are given in a rundown below:

• Get a Competitive Edge over MBA
• Master Research Skills and Methodologies
• Inclination Towards Academic Arena
• Chance to Become a Professor
• Become an Academician at Business School

Also Read: Research Institutes in India

The average duration of PhD after MBA is approximately 5-7 years where the 1st year is more theoretical but from the beginning of the second year, you can pick specializations as per your choice. In Business and Management, there is an array of specialised PhD courses that one can choose from. Here are the top specialisations to pursue PhD after MBA:

• PhD in Entrepreneurship
• PhD in Commerce
• PhD in Accounting
• PhD in Economics
• PhD in Commercial Law
• PhD in Human Resource Management
• PhD in Operational Research
• PhD in Marketing
• PhD in Healthcare and Management
• PhD in Organizational Behaviour
• PhD in Finance
• PhD in Chemistry
• PhD in Computer Science
• PhD in Engineering
• PhD in Political Science
• PhD in Education
• PhD in Statistics
• PhD in Psychology

Though the specific prerequisites might vary from one university to another, there are some general criteria for PhD after MBA or any other postgraduate program that every candidate needs to fulfil.

The primary requirement is that of a master’s degree in the related discipline (from a recognised institution) in which one is applying for a doctoral degree, if you are applying for a PhD in Business Administration, you need to have completed a postgraduate course like, MBA, MIM, amongst others.

Along with these, you will be required to submit the following documents:

• GATE/CSIR-NET/UGC-NET Scores for Indian universities
• Research Proposal
• Letters of Recommendation (Academic and/or Professional)
• GRE, English proficiency test scores such as IELTS , TOEFL , etc. and SOP and LOR s to apply for PhD after MBA abroad
• An Updated Resume or CV
• Academic Transcripts

Also Read: Part Time PhD

If you are planning to pursue PhD after MBA from abroad then the following points will guide you through the application process and entrance exams: 

• The application process for global universities is very different from Indian universities. You don’t have to give any entrance exam to pursue a PhD after MBA from abroad, rather, you need to submit a GMAT / GRE score. 
• LORs, SOPs and previous projects and research work matter a lot when you are looking to pursue PhD abroad. They make your profile strong and increase the chances of getting selected. 
• Most universities have a 3-5% acceptance rate for PhD programs. Thus, it is essential to make your application strong, if you need any help regarding the same, get in touch with Leverage Edu experts.
• The PhD curriculum more or less remains the same, you need to work on your thesis and submit it in the provided duration to complete your PhD after MBA.

Also Read: How to Get PhD Funding?

Yes, it is possible to apply for PhD after distance MBA but if you are aiming for a doctoral course, you must pursue your MBA from a UGC-accredited university or college. To apply for a PhD after a Distance MBA, you must be able to provide valid transcripts as well as mark sheets from your MBA thus it is essential to check the certification of the institution before studying for an MBA.

MBA in Finance professionals often opts for a PhD to pursue a career in research or academia. Finance is one of the most popular specialisations for PhD after MBA and students can choose from various subjects like Financial Management, Financial Analysis, Financial Modelling, etc. To pursue PhD in Finance in India, you will have to qualify for UGC NET , NMIMS or NIPER JEE while you will have to qualify GRE for universities abroad. Let’s take a look at the universities for PhD after MBA in Finance:

• Indian Institute of Foreign Trade , New Delhi
• National Institute of Technology, Silchar
• Department of Management Studies-IIT Madras
• Alliance School of Business, Bangalore
• Ahmedabad University
• Shailesh J. Mehta School of Management

Here are the major careers for PhD after MBA in Finance:

• Statistician
• Financial Analyst
• Chartered Financial Analyst
• Stock Broker
• Budget Analyst
• Financial Researcher

Numerous renowned business schools and universities across the globe offer specialised PhD programs in varied fields of Business, Commerce and Management. To help you further in your research, we have listed down some of the major academic institutions that are internationally popular for their offered specialised courses for those aspiring to pursue a PhD after MBA:

Many study destinations like the UK, USA, Australia and Canada are renowned for their research doctoral courses so selecting the right country to study PhD is an important decision you must carefully take. Let’s take a look at the top countries to study PhD after MBA and their popular research universities:

PhD after MBA in the UK

Here are the major universities to study PhD in the UK:

• University of Bradford
• SOAS University of London
• Cardiff Metropolitan University
• University of Birmingham
• Queen’s University Belfast
• University of Kent
• Hult International Business School

Also Read: PhD Scholarships in the UK

PhD after MBA in the USA

Popular for its STEM courses as well as top-ranked business schools, the top universities for PhD in the USA are:

• Harvard University
• Stanford University
• University of California, Berkeley
• University of Columbia
• University of Wisconsin
• Cornell University
• Kellogg School of Management

PhD after MBA in Canada

Canada is another renowned destination for PhD programs and offers a plethora of specialisations in business and management. Here are the popular universities for PhD in Canada :

• University of Toronto
• University of British Columbia
• McGill University
• McMaster University
• University of Montreal
• University of Alberta
• University of Ottawa
• University of Calgary

Also Read: PhD in Canada with Scholarship

PhD after MBA in Australia

The land of Kiwis is internationally lauded for its focus on research education and high-ranked entrepreneurial programs. Check out the top universities for PhD in Australia :

• The University of Queensland  
• The University of Western Australia  
• University of Wollongong 
• Queensland University of Technology  
• Swinburne University of Technology  
• University of Tasmania 
• University of Sydney

PhD after MBA in New Zealand

If you are looking for affordable PhD courses after completing MBA, New Zealand is the best place for you. Take a look at the popular universities for PhD in New Zealand :

• The University of Otago
• University of Canterbury
• Lincoln University
• The University of Auckland
• Victoria University of Wellington

Adding the renowned academic degree of PhD to your list of qualifications, there are a plethora of career opportunities awaiting you. Since a doctoral degree in business-related disciplines provides you with an insightful acumen into the commercial arena, you will be equipped with the knowledge of data analysis and business trends and organisational problems.

Further, you will be skilled with research methods such as econometrics, experimental methods, field studies, modelling etc. So, with a PhD after MBA, you will not only be a perfect candidate for academic profiles but you can also explore plentiful prospects in the corporate world.

Here are the top job profiles you can explore after pursuing PhD after MBA:

• Research Analyst
• Business Analyst
• Management Consultant
• Business Development Consultant
• Entrepreneur
• Professor /Lecturer
• Academician
• Chief Financial Officer (CFO)
• Chief Executive Officer (CEO)

The salary of PhD after MBA in India is somewhere between INR 7 Lakhs to 17 Lakhs per annum depending upon whether you work in the corporate sector or explore the academic domain working as a lecturer or academician.

We have elucidated upon the major employment sector for graduates with a PhD in Management and Commerce-related specialisations below:

Also Read: Branches of Chemistry

Anyone with an MBA degree can pursue a PhD. In fact, it’s a good idea to do PhD after MBA if you are interested in exploring the arena of academics or research and you can also pursue opportunities in consulting firms in the corporate sector. Also, the top B-Schools such as Columbia University, Yale University, Harvard University, INSEAD, and London Business School have most professors with a PhD degree. So, if you aim to teach at top business schools in the world, pursuing PhD after MBA is indeed a good decision.

The exact duration of PhD depends on the specialization as well as the university, the fact whether it’s part-time or full-time, and other factors. Doing a PhD after MBA usually takes 4-5 years but relying upon varied factors, be it your chosen course or institution, it can take less than 3 years and as long as 7-8 years to complete.

Yes. You can do a PhD in Psychology after MBA. However, you will need 55% marks in your MBA discipline to qualify for a PhD in Psychology after MBA.

A PhD in Business is often referred to as a DBA (Doctor of Business Administration) which is usually considered as the sequel of the MBA and is the highest form of management degree. Pursuing a doctorate in Business or its related specializations would provide you with an enhanced insight into the commercial arena after which you can target higher-level career profiles ranging from a business analyst to a consultant or you can pursue academic positions which is another beneficial route to take.

The essential prerequisite for a PhD is to have a master’s degree along with the minimum marks specified by the academic institution you are applying for. With an MBA, you are eligible to pursue a PhD in commerce-related disciplines while opting for a doctorate in other domains might depend on the criteria provided by the particular university.

The answer to this question is explained well in the points given below: 1. Yes, you can do PhD after a distance MBA 2. Your degree must be from a UGC-recognized institution 3. The application process remains the same as for the regular degree holders 4. Make sure you meet all the eligibility requirements 5. Some universities prefer candidates with regular MBA degrees.

Related Reads

Going for a PhD after MBA will equip you with one of the best educational combinations in the world. It might not be the easiest of programs to pursue but the benefits are going to be fruitful for your professional journey.

If you are planning to pursue a doctoral degree and don’t know how to go about it, sign up for a 30-minute career counselling session with our experienced team of mentors and experts at Leverage Edu and we’ll guide through the process of choosing the right PhD program and university that fits your interests and aspirations and can provide you with extensive exposure and opportunities to soar ahead in your career.

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14 comments

I like your article great content. Thank you

Hi Akash, we are glad to know that you liked our blog. If you need any further assistance regarding the admission process to any PhD course abroad, get in touch with our experts and we will help you build an awesome career.

Great post.

We are glad to know that you liked our work! Don’t forget to share it with your friends who are looking for PhD courses after MBA.

I have done MBA. My specialization is marketing (major) & human resource(minor).I want to know which specialization should I choose for PhD or Can I choose other specialization like social work, political science,etc.

Hi Abhishek, to know which PhD specialization would suit you the best, reach out to our experts at – 88262 00293. You can also register for a free career counselling here – https://leverageedu.com/admissions/study-abroad-admission/ .

Nice blog thanks for sharing.

Hi Thomas, thanks for your feedback! Check out our blog on PhD entrance exams to know more about the ways for pursuing this course – https://leverageedu.com/blog/phd-entrance-exams/ .

Very good article. In my opinion, having a PhD will make you more likely to earn a higher salary over someone with just a Master’s degree. Nowadays more professionals are doing PhD research programs for a better career.

Thank you for the feedback and for sharing your opinion, Rohan!

Thank you very much for your elaboration on Ph.D. after MBA. I would like to know which specializations are available here in the USA.. Thank you.

Hi George, To know about the specializations of your choice, get in contact with our experts at 1800572000.

Hello I’m Amir I done MBA 3.5year and I want to study PhD directly after MBA can u guide me forther I continue which subjects

Hi Amir, To get our profile evaluated for pursuing a PhD after MBA, give us a call on 1800572000 and our experts will guide you about the same.

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The 21st Century will be the century of transformational discoveries in the life sciences. To bring these discoveries to patients, the world needs business leaders working at the intersection of science and society, with deep understanding of biotechnology, life sciences, and management. To meet this need, the MS/MBA Biotechnology: Life Sciences Program at Harvard University builds upon students’ existing biotech and life sciences knowledge and equips them with the latest business and scientific insights. This empowers them to lead transformative organizations that will advance new drug discoveries and therapeutics.

The curriculum emphasizes developing effective business models in the life-sciences, leading life sciences companies, understanding the ethical implications of new therapeutics, and the importance of equitable access to these discoveries. It leverages the entire resources of Harvard University and works closely with the Greater Boston area, one of the largest biotech clusters in the world.

Key organizations comprising the Harvard health and life science community include, the HBS Health Care Initiative (HCI), HBS Blavatnik Fellowship in Life Science Entrepreneurship, the Harvard Biotech Club, the HBS Health Care Club (HCC), the Harvard Health Innovation Network (HHIN), and the Pagliuca Harvard Life lab, among many others. Watch this webinar to learn more about the joint degree program.

Overview  

Curriculum  , faculty & advisors  , admissions & financial aid  , frequently asked questions  .

The MS/MBA Biotech program is part of a larger community of health care interested students, faculty and alumni at HBS; around the University; and in the greater Boston area, which is one of the largest biotech clusters in the world. Through courses like the Life Sciences, Ethics, and Management seminar, students interact with industry leaders, who discuss challenges they have faced in their various roles.

Key organizations comprising the health and life science community at Harvard include:

• HBS Health Care Initiative (HCI) – The Initiative fosters and promotes faculty research, supports the development of high-impact educational programs and creates an interconnected HBS health care community.
• HBS Blavatnik Fellowship in Life Science Entrepreneurship - The Fellowship offers HBS alumni and Harvard-affiliated postdocs the opportunity to create new ventures around promising life science technologies while developing their leadership talents.
• Harvard Biotech Club – This student organization is on a mission to bridge the gap between industry and academia and provide the education, skills, and network for students to become future leaders in biotech.
• HBS Health Care Club (HCC) – One of the largest student clubs at HBS, the HCC plans an annual conference and numerous networking events for students interested in all industries in this sector.
• Harvard Health Innovation Network (HHIN ) – HHIN’s mission is to promote health care innovation and entrepreneurship across the Harvard ecosystem including its schools and hospitals.
• Harvard i-Lab and Pagliuca Harvard Life Lab – Harvard i-Labs are part of an innovation ecosystem that exists to support Harvard students and select alumni in their quest to explore the world of game-changing entrepreneurship.
• HBS Health Alumni Association (HBS HAA) – The equivalent of the HCC, but for alumni, the HBS HAA has regional programing around the world to help alums stay connected with the school and each other.

Prospective students should be fascinated by the intersection of biotech, pharma, and business. Successful candidates for the program will hold an undergraduate degree in biology (or another life science) and/or have significant workplace experience in biotechnology or life sciences. Candidates with advanced degrees such as an MS, MD, or PhD are warmly welcomed to apply.

If you are unsure whether your background has prepared you sufficiently, consider your familiarity with the topics covered in Molecular Biology of the Cell by Alberts et al. Students are expected to be knowledgeable with that level of material. Additionally, students should be comfortable engaging with primary scientific literature.

MS/MBA News  

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• 12 Dec 2023
• MBA Admissions Blog

African American Student Union Spotlight on Joint Degrees

• 09 Mar 2023

Q&A with the HBS Armed Forces Alumni Association, MBA Class of 2023

• 27 May 2022

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Pursuing a PhD After an MBA in the USA: What You Need to Know

May 15, 2023

If you’re considering pursuing a PhD after completing an MBA in the USA, there are a number of factors to take into account. Not only will you need to choose the right program, but you’ll also need to balance work and study, secure funding, and explore career opportunities once you’ve completed your degree. In this article, we’ll take a closer look at what you need to know when pursuing a PhD after an MBA in the USA.

The Advantages of Combining an MBA and a PhD in the USA

Top universities in the usa for mba-phd joint programs, how to choose the best mba-phd joint program in the usa, the application process for mba-phd joint programs in the usa, the importance of research experience for mba-phd joint programs in the usa, funding options for mba-phd joint programs in the usa, balancing work and study: tips for pursuing an mba-phd joint program in the usa, career opportunities after completing an mba-phd joint program in the usa, potential salary increase with an mba-phd combination in the usa, future trends and growth opportunities for phds with an mba in the usa.

One of the main advantages of pursuing both an MBA and a PhD is that it can give you a competitive edge in the job market. You’ll have the practical business skills offered by an MBA, as well as the research and analytical expertise provided by a PhD. This unique combination can be highly attractive to employers, particularly those in industries that require both business acumen and technical expertise, such as finance, healthcare, and technology.

Another advantage of combining an MBA and a PhD is that it can open up a wider range of career opportunities. With an MBA, you may be limited to certain roles within a company, such as management or consulting. However, with a PhD, you can pursue careers in academia, research, or even entrepreneurship. This versatility can be especially valuable in today’s rapidly changing job market.

Additionally, pursuing both degrees simultaneously can save time and money compared to pursuing them separately. Many universities offer joint MBA/PhD programs that allow students to complete both degrees in less time than it would take to complete them separately. This can also result in cost savings, as students may be eligible for scholarships or other financial aid that would not be available if they pursued the degrees separately.

If you’re interested in pursuing an MBA and a PhD, there are a number of top universities in the USA that offer joint programs designed for students like you. Some of the best schools to consider include the Wharton School at the University of Pennsylvania, the Kellogg School of Management at Northwestern University, and the Stanford Graduate School of Business. Each school offers a slightly different focus, so it’s important to research each program carefully to determine which one is the best fit for your goals and interests.

One benefit of pursuing a joint MBA-PhD program is the opportunity to gain both practical and theoretical knowledge in your field of study. These programs often combine coursework with research opportunities, allowing students to apply what they’ve learned in the classroom to real-world problems. Additionally, many joint programs offer funding and resources for students to conduct their own research, which can be a valuable experience for those interested in pursuing careers in academia or research.

Also read: Pursuing a PhD in mechanical engineering in USA

When choosing an MBA-PhD joint program in the USA, there are a number of key factors to consider. These include the program format (e.g. full-time, part-time, online), the curriculum and course offerings, the faculty and research opportunities, and the program’s reputation and rankings. It’s also important to consider the program’s location and any networking or internship opportunities available, as these can be key to securing post-graduation employment.

Another important factor to consider when choosing an MBA-PhD joint program is the program’s focus and specialization. Some programs may have a specific focus, such as entrepreneurship or healthcare management, while others may offer a more general business education. It’s important to choose a program that aligns with your career goals and interests.

Additionally, it’s important to consider the program’s cost and financial aid options. MBA-PhD joint programs can be expensive, so it’s important to research the cost of tuition, fees, and living expenses. Many programs offer financial aid, scholarships, and assistantships to help offset the cost, so be sure to explore these options as well.

The application process for MBA-PhD joint programs can be detailed and time-consuming. Typically, applicants must submit a range of materials, including transcripts, letters of recommendation, a statement of purpose, and GRE or GMAT scores. It’s important to carefully review the application guidelines for each program you’re interested in and to meet all deadlines to ensure your application is considered.

In addition to the required materials, some MBA-PhD joint programs may also require applicants to complete additional essays or interviews. It’s important to research each program thoroughly to understand their specific requirements and expectations. Additionally, it’s recommended that applicants have relevant work experience and a strong academic background to increase their chances of being accepted into these highly competitive programs. Finally, it’s important to note that the application process for MBA-PhD joint programs can take several months, so it’s important to plan accordingly and stay organized throughout the process.

Research experience is highly valued in MBA-PhD joint programs because it helps prepare students for the rigorous research demands of a PhD program. Students with research experience are often better equipped to handle the complex research challenges they’ll face, and may be more likely to secure research assistantships and other funding opportunities.

Furthermore, research experience can also help MBA-PhD joint program students develop critical thinking and problem-solving skills, which are essential for success in both academia and industry. Through research projects, students learn how to analyze data, identify patterns, and draw conclusions, skills that are highly valued in the business world. Additionally, research experience can help students build a strong network of contacts in their field, which can be invaluable when seeking job opportunities or collaborating on future research projects.

There are a number of funding options available to students pursuing MBA-PhD joint programs in the USA. These include scholarships, grants, fellowships, teaching assistantships, and research assistantships. It’s important to research each funding option carefully to determine which ones you are eligible for and to apply for as many as possible to help offset the cost of tuition and expenses.

One popular funding option for MBA-PhD joint programs is through employer sponsorship. Many companies offer tuition reimbursement or financial assistance for employees pursuing advanced degrees. This can be a great way to gain valuable work experience while also furthering your education.

Another funding option to consider is taking out student loans. While this should be a last resort, it can be a viable option for those who are unable to secure enough funding through scholarships or other means. It’s important to carefully consider the terms and interest rates of any loans before accepting them, and to have a solid plan for repayment after graduation.

One of the biggest challenges in pursuing an MBA-PhD joint program is balancing work and study. It’s important to prioritize your time and stay organized, setting aside dedicated time for both work and study. Consider taking advantage of flexible work arrangements, such as telecommuting or flexible hours, to help manage your workload. And don’t forget to take care of yourself by getting enough sleep, eating well, and exercising regularly.

Another important tip for balancing work and study in an MBA-PhD joint program is to build a support system. This can include family, friends, colleagues, and classmates who can offer encouragement, advice, and assistance when needed. It’s also helpful to connect with alumni and professionals in your field who have gone through similar experiences and can provide valuable insights and guidance. By building a strong support system, you can stay motivated and focused on your goals, even during the most challenging times.

Graduates of MBA-PhD joint programs are well-positioned for a variety of exciting career opportunities. Some go on to work in academia, conducting research and teaching courses related to business and management. Others may work in consulting, finance, or technology, using their unique blend of business and analytical skills to solve complex problems and drive innovation.

Additionally, graduates of MBA-PhD joint programs may also pursue careers in government or non-profit organizations, where they can apply their knowledge and skills to make a positive impact on society. They may work in areas such as public policy, international development, or social entrepreneurship. The interdisciplinary nature of the MBA-PhD joint program equips graduates with a diverse set of skills and perspectives, making them valuable assets in a wide range of industries and sectors.

Studies have shown that students who combine an MBA and a PhD can earn significantly higher salaries than those with just an MBA or just a PhD. This is because the combination of business and research skills is in high demand in a number of industries, including healthcare, finance, and technology. While salaries may vary depending on the industry and location, the potential for higher earnings is certainly a draw for many students considering this path.

Furthermore, the combination of an MBA and a PhD can also lead to more job opportunities and career advancement. Graduates with this dual degree are often sought after for leadership positions in their respective fields, as they possess a unique set of skills that allow them to effectively manage teams, conduct research, and make strategic business decisions. In addition, many companies offer tuition reimbursement or other incentives for employees who pursue advanced degrees, making it a financially feasible option for those looking to further their education and career.

The future looks bright for PhDs with an MBA in the USA. As technology continues to advance and industries become more complex, employers are increasingly looking for candidates with a unique blend of business and technical skills. This trend is expected to continue long into the future, meaning that graduates of MBA-PhD joint programs are well-positioned to take advantage of a wide range of exciting career opportunities and contribute to meaningful and impactful research.

One area where PhDs with an MBA are particularly in demand is in the field of healthcare. With the aging population and the increasing prevalence of chronic diseases, there is a growing need for professionals who can navigate the complex healthcare landscape and develop innovative solutions to improve patient outcomes. Graduates of MBA-PhD programs with a focus on healthcare management are well-equipped to meet this demand and make a real difference in the lives of patients.

Another area where PhDs with an MBA can make a significant impact is in the field of sustainability. As concerns about climate change and environmental degradation continue to grow, businesses are under increasing pressure to adopt sustainable practices and reduce their carbon footprint. Graduates of MBA-PhD programs with a focus on sustainability can help companies develop and implement effective sustainability strategies, while also conducting research that advances our understanding of the complex environmental challenges we face.

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The MBA vs PhD Debate

• By Grace M.
• August 14, 2020

If there’s one question that seems to get business university professors flinching at, it’s the all-to-often “ what’s better – an MBA or a PhD? ”

The reason for this is clear – asking such a question seems to suggest that the result of obtaining an MBA or PhD is the same. This couldn’t be any further from the truth.

Let us first quickly break down what an MBA and a PhD is.

MBA is short for  Master of Business Administration , while PhD is short for  Doctor of Philosophy . Just from the first word of both types of degrees, we can already see that there’s an obvious difference between the two, but let’s proceed.

In terms of the required time commitment, an MBA will usually take two years to complete full time. On the other hand, getting a PhD can take four years (unless you decide to undertake it part time or enrol into an accelerated online PhD degree programme). So if time is your primary concern, then an MBA would be the obvious path for you.

As an MBA student, you’ll find that much of the learning curriculum is closely related to a professional environment. In fact, this is why some universities mandate at least one year of actual work experience as an entry requirement. As a result of the masters degree being so closely related to business in practice, an MBA student will usually research a broad range of subjects. Each of these subjects would focus on a unique business aspect such as accounting, consulting, economics, marketing, finance, leadership, management, ethics and trading.

On the other hand, a Business PhD student will only focus on one subject and do so in much greater detail. On top of this, the PhD student will usually also be expected to support lecturers with teaching classes and leading tutorial sessions.

The reason for this difference is because a doctorate is an advanced degree which aims to make you an expert in a specialised field. Because of this, a PhD is regarded as the higher professional qualification of the two.

MBA vs PhD Entrance Requirements

Due to the amount of funding available, a high number of applicants and a few available positions, the competition for entry into MBA and PhD programmes can be very high.

The specific requirements depend on the country you intend to study in; however, most MBA programmes require you to sit Graduate Management Test ( GMAT ) or Graduate Record Examinations ( GRE ). Regardless of whether you need to undertake a pre-qualification exam or not, most universities prioritise applicants who already have a level of professional experience.

The reverse is true for PhD programmes. For PhDs, you will require a relevant undergraduate or postgraduate degree (usually with a 2:1 or 1st), but you will not be expected to sit any pre-entrance exams nor will you be expected to have working experience. As a result, most students who do a business PhD are younger than those who do an MBA.

Earning your MBA or Doctorate Online

As if the MBA or PhD debate wasn’t enough, the online versions of these degrees are starting to get thrown into the comparisons. With the fast-developing rate of the internet and a general trend towards online global connectivity, higher education is experiencing a significant transformation.

Not only is it possible to get a doctorate online , MBA programmes and Masters in Project Management are also much more widely available online from top-ranking universities compared to several years ago.

While online learning may not be for everyone, many adult students, including myself, favour online degrees due to the flexibility they provide to on-campus or distant learning programmes. As someone who used to dedicate several hours a night on a university campus in a neighbouring area, take it from me, being able to study from your home office isn’t only easier, it’s much less stressful.

MBA vs PhD Career Options

So what gives a better return on investment in terms of career options, an MBA or a PhD?

The MBA is a specialised business degree, and as such, anyone who holds it is a valuable asset for any business. Industries are all about using employee abilities to the organisation’s benefit, and an MBA isn’t something an organisation should or will ignore.

Having a Masters in Business Administration is usually associated with greater career prospects. This is reflected in the speed that an MBA degree holder can climb the corporate ranks compared to an individual who doesn’t hold the specialised degree. Not only can they progress faster, but MBA holders typically also achieve higher positions during their career. This can include highly sought after positions such as associate directors and senior executives (assuming the student is ambitious and dedicated enough). Another benefit of getting an MBA is surrounding earning potential. It’s not unusual for those with an MBA from the London Business School, Oxford University or Imperial College London to receive starting salaries in excess of £50,000 a year .

In comparison, most business PhD holders won’t follow the same path as their MBA colleagues. Instead, most PhD graduates will enter into either a research or academic career. Because of this significant difference in the typical career path, which of the two types of degrees is better suited for you will depend on exactly what it is you want to do after completing your studies.

Finding a PhD has never been this easy – search for a PhD by keyword, location or academic area of interest.

PhD after MBA

Hopefully, it should be clear by now that an MBA and a PhD are two very different degrees, and because of that, it should also start to become clearer regarding which degree is for you.

If this isn’t the case, it may be useful to know that some business students, after completing their undergraduate degree, obtain an MBA and then move onto a PhD. This actually makes a lot of sense since the two forms of professional qualifications cover different stages of a student’s learning, and on that basis, there’s no reason why you couldn’t do both.

In fact, a few universities offer programmes that combine both degrees as a PhD-MBA dual degree. They are better known as PhD-MBA Integrated Degrees (or PhD-MBA Joint Degrees in US Graduate Schools) and can be the perfect option for anyone who wants to get the best of both qualifications. You don’t necessarily need an MBA for PhD eligibility, but they can prove beneficial as the transition from MBA to PhD will usually be less arduous than from Bachelors to PhD.

So what’s Better, a PhD or MBA?

The final answer depends on you. If you’re an individual who enjoys going up against others or the market, then an MBA will probably be the right option for you. On the other hand, if you prefer the realms of researching business theories, challenging yourself mentally and being able to pass on knowledge to others, then a PhD could be the better option. If both options sound interesting to you, then you may find a PhD-MBA dual degree of interest.

In the end, then, the question isn’t about whether an MBA is better than a PhD, but which one is personally better for you.

Choosing a good PhD supervisor will be paramount to your success as a PhD student, but what qualities should you be looking for? Read our post to find out.

This post explains where and how to write the list of figures in your thesis or dissertation.

Impostor Syndrome is a common phenomenon amongst PhD students, leading to self-doubt and fear of being exposed as a “fraud”. How can we overcome these feelings?

Join thousands of other students and stay up to date with the latest PhD programmes, funding opportunities and advice.

Browse PhDs Now

There are various types of research that are classified by objective, depth of study, analysed data and the time required to study the phenomenon etc.

The purpose of research is to enhance society by advancing knowledge through developing scientific theories, concepts and ideas – find out more on what this involves.

Danny is a third year PhD student at the John Innes Centre and the University of East Anglia, working with Pseudomonas bacteria to understand how they infect their hosts.

Dr Griffith gained her PhD in Neuroscience from Northwestern University in 2015. She is now a neuroscientist and children’s book author and will be opening her own lab in the Department of Physiology and Membrane Biology at the University of California Davis later this year (2020).

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MBA after PhD?

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Mba to phd: what is the recommended path.

Dr. Nick Dahan, Professor and Director, Online MBA California State University at Monterey Bay College of Business

As you are planning out your education and career, you may be considering furthering your education beyond an MBA with a doctorate degree in a business-related field. This is a big decision, given that it is likely a three- to six-year commitment that would affect your career and your family, both emotionally and financially. Be sure to make this decision after taking some time for careful consideration.

Here are a few key questions to ask in order to help with the MBA to PhD decision process.

Why Do You Need a Doctorate?

This is the most important question.

If you have substantial executive experience and you are interested in teaching in higher education, you may be eligible for the Association to Advance Collegiate Schools of Business’ (AACSB) “bridge” program , which helps executives become effective instructors. This program is designed for highly seasoned business leaders who are only interested in teaching, not pursuing research. They can teach in business schools either part-time or full-time in a contractual teaching-focused position (called non-tenure track, or clinical, or professor of teaching). In that case, a doctorate is not needed at all.

If the only reason to pursue a doctorate is to study a business discipline or to deepen your quantitative skills beyond what is possible in an MBA (even one with a concentration), you may want to consider a graduate certificate or a master of science (MSc). They offer the opportunity to take three to 12 courses with a narrower focus, such as data analytics, human resources management, project management, digital marketing, etc. A certificate or MSc is a great complement to an MBA, especially if your MBA consisted of, say, 10 courses covering 10 different business disciplines, with little opportunity to go deeper on any particular subject.

It must also be stressed that boosting earnings is rarely a strong reason to pursue a doctorate in business if you already hold an MBA or MSc in a business subject. As careers in the private sector are more lucrative and typically do not require a doctorate (other than a few corporate economist and financial positions where a PhD is a must), the financial return on the investment into a business PhD may actually be negative if you plan to go into academia compared to a private-sector career with an MBA. As an example, through a successful career in the private sector, a business executive may well earn more than $200K annually five or 10 years after completing their master’s degree in business, whereas it is highly unlikely that a business academic with a PhD will ever reach that salary level. However, while significantly increasing your earnings may not be the main reason, there are obviously plenty of other valid reasons for pursuing a doctorate.

Valid reasons to go from an MBA to a PhD include:

• Ensuring you achieve the deepest level of expertise on a subject matter, which can then be leveraged in the private sector, public sector, and consulting. Sometimes a graduate certificate or even an MSc is not enough for the kind of career you seek out
• Getting the opportunity to teach in higher education, either part-time as an adjunct while keeping your full-time job in business, or full-time by switching from a business career to academia. If the latter, the choice is often motivated by seeking a second career that allows more freedom and flexibility (stable employment and great benefits are important perks).
• For marginalized populations , it may be an important way to be given the respect they deserve. And business doctorate programs face a serious underrepresentation of minorities, in part because many programs do not offer scholarships and assistantships (instead, they are money-making programs for the universities), which decreases the likelihood of minority enrollment . Fortunately, there are initiatives to redress the situation and grow a pipeline of minority PhDs that can ultimately join academia, such as McNair fellowships in business , and The PhD Project .

Which Kind of Doctorate?

Not all doctorates are created equal. You have to choose one that matches your career goals:

Doctorate in Education (EdD)

This is not a doctorate in business per se. As such, it is very unlikely to lead to a full-time position at a four-year college nowadays. However, it can be useful in consulting, in specialized areas of Human Resource Management (adult education/training), or to pursue a leadership career in education (high school and school district, or on the administrative side of higher education such as Dean of students, Vice-Provost, etc.).

Doctorate in Business Administration (DBA)

In business fields, there are DBA and Executive Doctorate in Business Administration (EDBA) (EDBA/DBA) programs.

DBA programs are more practically oriented, focusing on conducting applied research. For example, a project the DBA student investigates in their professional context, as “action-research” that can be implemented quickly and deliver concrete benefits to their organization. Because the focus is on research that can be implemented in organizations, rather than published in academic journals to promote knowledge in the discipline, the DBA is well-suited for a career as a consultant. It could also be used to land a full-time position as an academic or a leader at a community college, where there is no expectation of conducting and publishing academic research.

Doctor of Philosophy (PhD)

PhD programs are more academic in content, typically providing even deeper training in research skills and subject matter, which often implies that they take longer to complete. A PhD first and foremost prepares students for a career in academia, specifically to be a professor or an academic leader, such as executive director, academic dean, provost, or president.

PhD programs focus on unique, theory-based research and publication of the findings of that research in academic journals and scientific books. If you are interested in a full-time academic career at a four-year college or university, a PhD is the degree for you. Of course, a PhD can also be leveraged in other careers such as consulting.

What Kind of Program?

Residential or online? Full-time or part-time? Every option exists.

If you aspire to mostly focus on teaching and therefore want to work at a college with a teaching emphasis, your PhD program options are broader than if you want to ultimately work at a business school where research expectations are more central. You have to select a doctoral program that will prepare you for the kind of academic career you aspire to: mostly teaching? A mix of teaching and research? Mostly research? Typically, the more prestigious the business school, the more emphasis is placed on research in its doctoral program.

If you want to be an academic, the more traditional route is to join a full-time residential PhD program where you can focus entirely on your studies and priming your research pipeline in order to prepare for a full-time academic position. Typically, seats are scarce at these PhD programs as it is extremely costly for universities to run these programs; they have to pay their most experienced professors to teach doctoral seminars to a very small number of students (often five to 10) who often have their tuition fully covered and get a scholarship or assistantship on top of that (often earning around $20K annually). If you are aiming to be hired as a faculty at a premier accredited school (AACSB-accredited for North America 1 , while in Europe EQUIS is another accreditation that is also prestigious), earning a PhD from a similarly accredited business school would be helpful (although outside of the USA there are quite a few prestigious business schools that are not AACSB or EQUIS accredited).

Some PhD and almost all DBA programs are part-time, offering students the option to keep working in parallel to their studies, but in that case, students have to pay tuition, which can add up to very substantial amounts over three to six years.

Finally, some programs are online rather than in person. In that category, a lot of DBA programs are either hybrid (each course has both an online and an in-person component) or mostly online with a small residency requirement (e.g., one weekend every semester). While it is not impossible to get a full-time academic position at a four-year college with a doctorate from a non-AACSB accredited business school, it is significantly harder, at least in North America. So, it is important to note that so far only one AACSB-accredited business school offers a fully online PhD program—University of North Carolina at Greensboro.

Start with Your Online MBA

Many roads lead to a doctorate in business, and upon completion it paves the way to a variety of careers. Therefore, this must be a personal decision based on your professional aspirations and work/life constraints. It is highly advisable to get in touch with professionals who successfully leveraged their doctorate in their careers, such as consultants or academics, in order to better understand the risks, challenges, and rewards of pursuing a doctorate, and the latest trends in their field.

Before moving on for a doctorate, however, you will want to pursue your MBA. Create the career and the life you want with the Responsible Business Online MBA from California State University, Monterey Bay. Keep advancing your career work as you earn your MBA with our 100% online curriculum which focuses on the increasing role and importance of responsible business .

About the Author

Dr. Nicolas (Nick) Dahan is a Full Professor of International Business and Strategy, and Director of the MBA program at CSUMB, College of Business.

He has worked as a full-time faculty at a number of institutions, both in the USA (most recently prior to CSUMB at Temple University-Fox School of Business) and France. He also has extensive adjunct teaching experience with American institutions, including George Washington University, Tulane University, Baruch College-CUNY, as well as top French business schools (ESSEC, ESCP Europe, Sciences Po), and executive education.

His scholarly work has been published in journals such as Business & Society, International Business Review, Journal of Business Ethics, Journal of Business Research, Human Relations, Long Range Planning, and Strategic Organization.

He has worked at several French firms, and has acted occasionally as a consultant for multinational enterprises as well as trade associations in either public affairs or international entrepreneurship/marketing.

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• Published: 25 May 2016

Education: Degrees of success

• Chris Woolston 1  

Nature volume  533 ,  pages 569–570 ( 2016 ) Cite this article

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An MBA can unlock progress to the higher ranks of a company — and many firms are willing to pay for one.

Life-science PhD graduates who wish to leave academia often find rewarding careers in the laboratories of biotechnology and pharmaceutical companies. But some find that the lab isn't enough. Researchers who choose to move beyond the bench to the upper levels of the company often decide to add three more letters to their CV: MBA.

Investing time and money in another degree may seem an unappealing prospect for many PhD holders, but that's the reality of the competitive job market: sometimes you have to go beyond the usual training to get the job. An MBA (master of business administration) can open up career possibilities for a biotechnology or drug-development researcher and help them to stand out from the crowd. Those who decide to take the plunge face key questions: how and when to pursue an MBA (see 'When to go for an MBA'), and where to go from there. Many who have travelled this path say that the extra effort to get the degree has paid off by taking their career to the next level.

An MBA can help industrial researchers to move to a higher position and earn more. Jane Rhodes, now a manager for new high-tech initiatives at Biogen, a biotechnology company in Cambridge, Massachusetts, had spent ten years at the company working on drugs for neurological disorders such as Parkinson's and Alzheimer's disease. She felt hemmed in by the lab, but she realized that she didn't have the business or management skills to move up the company ladder. “I came through the British education system, which is very focused,” she says. “I wanted to learn more about the business side of biotech.”

To fill that gap, Rhodes embarked on a two-year MBA programme at Babson College in Wellesley, Massachusetts. Specifically designed for mid-career professionals, the programme took up to 30 hours a week, a big commitment for a researcher who already had a full-time job and a family. The programme would have cost her about US$75,000, but Biogen paid the bulk of the tuition bill, a sign of how much the company values the degree and the person.

boxed-text Rhodes used her MBA to get her job at Biogen overseeing new company initiatives, a position that would have been off-limits without the extra training in the business side of science. “I can now move to multiple different positions across the company,” she says. “The combination of PhD and MBA is very valuable.” She enjoys thinking beyond the confines of research — and that's only one benefit of her revitalized career. “Without an MBA,” she says, “I don't know if my salary would be anywhere close to what it is now.”

An MBA could give industrial researchers the insight they need to help turn a business around. Looking back, Oréda Boussadia wishes that she'd had that insight in addition to her research skills. She was one of only a few people in the world who knew how to create a certain type of transgenic mouse, thanks to her PhD and postdoctoral training in France and Germany. But she knew nothing about turning mice into profits, which was a problem at the small French biotech company that she joined after her postdoc. “We had very good results, but we had trouble making sales,” she says. The company failed within a year, forcing Boussadia to quickly ponder her next step. “I really wanted to continue in biotech, but I had to refine my management skills,” she says. “I knew how to design a research project, not how to develop a company.”

Boussadia jump-started her career by enrolling in the MBA programme at the Institut Français de Gestion in Nantes, France. Like other MBA schemes, it focused on the practical aspects of business: product development, market analysis, pricing and return on investment, using real-life examples as learning tools. Degree in hand, she soon got a job managing the production and sales of transgenic mice at a branch of Charles River Laboratories in Lyon, France. After holding that job for five years, she is now the European head of business development and strategy for EpiVax, a biotech company in Lyon. She's happy with the course of her career. “I enjoyed research, but it wasn't enough,” she says. “I wanted to be a decision maker.”

New horizons

Armed with an MBA, many can leave the lab without leaving science. As a postdoc, Kyle Rasbach investigated potential therapies for muscular dystrophy at the Dana–Farber Cancer Institute in Boston, Massachusetts. But thanks to the MBA that he'd pursued along with his PhD, he was snapped up after his postdoc for a job studying investment opportunities at investment management firm T. Rowe Price in Baltimore, Maryland. Much of his remit involves evaluating the research taking place at drug companies, from the giants of the business to small start-ups. His lab background helps him to spot blockbuster drugs in the making. “Sixty to seventy per cent of my job is science-based,” he says. “You can't do this job and be excellent at it without a PhD or an MD.”

I enjoyed research, but it wasn't enough. I wanted to be a decision maker.

That's also true for Moritz Fischer, director of international marketing for Fresenius Medical Care in Hessen, Germany. After earning his medical degree at the Ludwig Maximilian University of Munich in Germany, he realized that he did not want a career as a physician or clinician. He took a job at Fresenius as a lower-level marketing manager, but soon recognized that he could go much further with advanced business skills. So he pursued an MBA at Danube University Krems in Austria. The company covered his tuition, which he estimates would have cost him at least €20,000 ($22,500). It was a reasonable investment for the company, he says, because he has made money for them. “They were able to capitalize on my training,” he says.

Success stories of researchers with MBAs in biotech and drug development have caught the attention of early-career researchers who are still plotting their careers. Jeffrey Zahratka, a postdoc at the Cleveland Clinic in Ohio, says that he could see himself working at a biotech firm, perhaps one that makes implantable devices to treat neurological disorders. “I could act as a go-between for the research side and the business side,” he says. He still has to weigh up the pros and cons of another degree, but he thinks that he could bring a lot of value to a company. “People with a research background have a lot of tenacity,” he says. “They are battle-tested.”

If he decides to go down the MBA route, he won't be alone. But for now, PhD–MBA remains a relatively rare combination — that factor alone can help a person to stand out and move forward. It's a matter of degree.

Box 1: When to go for an MBA

Timing matters for junior researchers who see an MBA in their future. Although you don't need a PhD to enrol in a programme, many scientists have found that it pays to finish their research training first. “Having a PhD makes it easier to get accepted into an MBA programme,” says Jane Rhodes, a director of new initiatives at biotech firm Biogen in Cambridge, Massachusetts. “And non-PhDs who get an MBA have been less successful.”

Linh Gilles, director of admissions for the Carlson School of Management at the University of Minnesota in Minneapolis, confirms that applicants to the school's MBA course who already have PhDs are more likely to be accepted. Recruiting more PhD scientists to the school is a priority, she says. “Students with a research background have that analytical component,” she explains. “It allows them to hit the ground running that much more quickly.”

Rhodes says that PhD holders who are interested in an MBA should get some industry experience first. “I wouldn't recommend doing it straight out of an academic postdoc,” she says. “You have to have some sort of business context.” And, as was true for her, scientists who already work in industry might be able to get their employer to pay for some or all of the tuition.

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Chris Woolston is a freelance writer in Billings, Montana.,

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Woolston, C. Education: Degrees of success. Nature 533 , 569–570 (2016). https://doi.org/10.1038/nj7604-569a

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Published : 25 May 2016

Issue Date : 26 May 2016

DOI : https://doi.org/10.1038/nj7604-569a

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