Doctor of Business Administration (DBA) Degree Programs (PhD) in Chicago
What Is a DBA degree?Business management students near Chicago who wish to achieve the highest level of academic success work toward a Doctor of Business Administration (DBA) or a PhD in Business Administration degree program. Learners in business doctoral programs often study management theory and its practical applications. In tandem, students work to build strategic and sustainable decision and analytical skills through extensive research for independent projects. A Doctor of Business Administration or DBA degree is a terminal business focused degree program which typically includes a real world dimension to ready students as change agents, innovators and though leaders.
written by Rana Waxman
An Applied DoctorateFor this reason, DBA programs are sometimes called ‘applied doctorates’ and many schools offer specific concentrations along with the degree. This might enable a student to develop a broader grasp of business administration concepts AND more narrow expertise in an area such as (but not limited to) management, marketing, homeland security, or non-profit leadership.
DBA vs PhD in Business Administration in ChicagoHow does a DBA degree differ from a PhD in Business Administration? While it is true that both are terminal degrees with a focus in business, a DBA degree and PhD in Business Administration are quite different.
- A PhD in Business Administration is a research-oriented doctoral degree. With less of an ‘applied’ nature, it may appeal to those who want to contribute to academia through an input of new concepts, information and business knowledge
- By contrast, while Doctor of Business Administration degree students often conduct substantive research, they might not have to come up with a radically new concept. Instead, students might examine the latest theories and conduct tests to assess the results when principles are practiced in organizational contexts
MBA or DBA?In many universities, students in both the Master of Business Administration (MBA) and Doctor of Business Administration (DBA) programs may have substantial relevant work experience along with academic qualifications. Generally, though DBA students tend to be more senior than their MBA counterparts as an MBA (or other masters-level management degree) is usually a pre-requisite for enrolling on a DBA course. The appeal of a Doctorate degree in business administration could be to distinguish oneself in terms of knowledge and skills from peers and to potentially rev up one’s professional value.
DID YOU KNOW? Per O’Net, 66% of Business Administration Professors have a Doctorate degree.
What Is an Executive DBA Program?Executive DBA programs are part-time Doctor of Business Administration Programs built to equip executives and senior managers with methods to address complex industry and organizational challenges.
Credit for ExperienceIn some schools, students could arrange credit for experience and so, they may be able to complete their DBA degree in as little as 2.5 years – though this is a variable. Also, as they presume students are busy with their careers, Executive DBA programs might be available in a blended (hybrid) delivery. On-campus residencies and online virtual modules may make it easier to achieve the work-study balance.
Inside a Doctor of Business Administration Program near ChicagoA Doctor of Business Administration program is often planned-out for experienced professionals. Students may examine the finer points of executive decision-making, corporate leadership and employee performance evaluation from the lens of domestic and global business markets.
DBA Courses and CurriculumWhile the actual nitty gritty of course content, credits and requirements varies from one program to the next, at the heart of a DBA program are the core (compulsory) topics. Frequently these are delivered in seminar format along with writing and presentation courses. Research methods in the form of case study analysis, quantitative and qualitative frameworks are designed to help participants think in an action-oriented manner and make evidence-based decisions. Their ideas and insights are brought together in a final dissertation. A sample DBA degree course plan might include some of the following topics.
- Finance for Managers
- Global Economics
- Marketing Strategy & Consumer Behavior
- Business Intelligence & Information Systems
- Management Strategy for Performance
- Leadership, Ethics and Corporate Governance
- Organizational Behavior and Theory
- Global Business Initiative
- Business Strategy
- Technology Concepts for Managers
- Statistics for Business
- Managerial Economics
Cultivate Your Skills Through a DBA ConcentrationThere are many graduate schools with DBA programs, and discerning students could scout available concentrations within them to help with their choice. See below for a few examples, then check out some of our partner schools. DBA in Accounting: Participants might examine concepts such as revenue forecasting and cost prediction methods with the goal to boost rational decision-making. Other coursework could include corporate governance and cost allocation. Applied research methods in foreign exchange rates, controlled economies, social responsibility reporting, inflation accounting, and international taxation could harness skills in managerial accounting. DBA in Information Technology: Students might explore new ways to use technology to cut costs, increase customer satisfaction, and create new business opportunities. Other course topics might help participants form and implement IT policies and processes with an eye to global operations, marketing and finance. DBA in Finance: Managers who want to maximize their firm’s value could study concepts such as valuation, capital budgeting and structure, working capital management, multinational concepts, and Capital Asset Pricing Model (CAPM). In tandem, participants could explore advanced theories such as option pricing, derivatives, and hedging.
Application InformationAdmission to a DBA program typically requires a bachelors degree or its equivalent completed at an accredited post-secondary institution as well as a either a Master of Business Administration degree or the evaluated equivalency in a related field from a regionally accredited university. A range of other requirements could include a minimum GPA (E.g. 3.0), recommendations, personal essay, professional resume and interview.
AACSB DBA Programs: A Note on AccreditationDoctorate in business administration programs are usually nationally or regionally accredited. The program itself may also be individually accredited by an organization. One way to select a professional doctorate in business administration such as the DBA is to evaluate a school that is accredited by an internationally recognized accreditation agency. Accreditations do not guarantee that the respective program is the perfect one for you, however they do indicate that the school has met some standards. The Association to Advance Collegiate Schools of Business (AACSB) is one such agency. The Accreditation Council for Business Schools and Programs (ACBSP) is another.
Inside a PhD in Business Administration Program near ChicagoPhD programs in Business Administration are terminal research degrees. Students who strive towards a PhD in Business Administration (PHDBA) usually focus on thought leadership as they work to develop new theories or improve upon existing knowledge. As such, PhD candidates conduct original research on topics that have not been previously explored or examine new aspects of existing research.
PhD in Business Courses and CurriculumThere may be some overlap in coursework within PhD and DBA programs. PhD students could have the opportunity to learn problem-solving processes, research methods, leadership and business theories, planning strategies, and global business practices.
Research A Topic of InterestA series of research courses and academic writing seminars could sharpen students’ ability to form hypotheses, test and record data within their chosen discipline. Ultimately, to complete their final dissertation. Some universities also give students a choice of three seminars that zoom in on key practices used to teach, consult or apply in executive leadership. A sample PHDBA degree course plan might include some of the following elements.
- Applied Multivariate Modeling
- Business Principles and Practices
- Research Processes, Theories, and Practices in Global Business
- Management Theory Creation
- Economics in Global Environments
- The 21st-Century Organization
- Quantitative Research Techniques
Application InformationTo apply into a PhD in Business Administration program requires a minimum of a bachelors degree, though some grad schools may prefer persons with a masters degree as well. Other requirements might include a minimum GPA, current GMAT or GRE scores, statement of purpose, resume and references.
Inside a Doctor of Management ProgramA Doctor of Management (DM) is a terminal degree for mid and senior professional managers. Through applied research and analysis of real-world management issues, students work to gain sophisticated knowledge for the executive level of management.
DM Courses and CurriculumMany DM programs highlight management theory and strategic thinking, organizational leadership and change, research and innovation, and sustainability in the global business environment. Through a Doctorate degree in Management course plan, graduates might take away a deeper sense of how today’s manager could appraise, analyze, apply, and assess information to make data-driven decisions. A sample DM degree course plan might accent some of the following topics.
- Translating Management Theory
- Research as a Tool for Managerial Decisions
- Designing Evidence-Based Management Solutions
- Strategic Leadership
- Systems and Design Thinking
- Complex Project Management
- Organizational Development
- Strategic Consulting
Application InformationApplicants to a Doctor of Management degree program are generally required to have a graduate degree, earned at an accredited college or university with a minimum GPA set by each school. Some grad schools also stipulate that students must have completed at least seven years of full-time, management-level, professional work, so GRE and GMAT scores may not be required. A CV, essays, references, and an interview may be required. That stated, a DM program might appeal to professionals from a range of backgrounds. Business, education, engineering, human resources, organizational science, or an earned academic/professional degree in a domain such as but not limited to law, healthcare/medicine and design.
Should I Pursue a DBA Degree Online or On-Campus?Busy executives and adults who want to work towards a PhD, DM or DBA credential might find there are programs in different shapes and sizes. The one that is convenient to you is a program that you could commit to, whether this means it is walkable from work or accessible on your laptop.
- Online DBA programs may include brief residencies but other than that, students may be able to log into courses on the time table that best suits their schedules as long as deadlines are met
- On-campus DBA programs could encourage team work and networking with other professionals. Universities often set class times in the evenings and weekends to provide the busier adult some flexibility and minimal disruption to a current career
Which Doctorate in Business Administration Should I Choose?If applying existing research and knowledge to solve business problems interests you, you might consider a DBA or DM degree. If contributing to the body of knowledge on business management interests you, you might consider a PhD. It may also be helpful to hash things out with an academic advisor at any of the schools on your list.
|State||Employment||Annual Mean Wage|
|District of Columbia||20,010||$135,970|
|Metro Area||Annual Mean Salary||Employment|
|San Jose-Sunnyvale-Santa Clara, CA||$148,700||4,200|
|San Francisco-Oakland-Hayward, CA||$147,270||11,980|
|California-Lexington Park, MD||$145,620||490|
Top 2 Graduate Schools with Doctor of Business Administration Programs in Chicago
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University of Illinois at Chicago