Is a Doctorate in Business Administration worth it? If you’re a working professional interested in advancing your business career, completing the Doctorate in Business Administration (DBA) program at Saint Mary’s University of Minnesota can be valuable. This program combines high-quality education with Lasallian Catholic principles to prepare students with opportunities for personal transformation and career success. Here, we discuss our DBA program, its benefits, and how it can be worth the investment.
What Is a Doctorate in Business Administration Degree?
A Doctor of Business Administration (DBA) is a terminal degree, which means it’s the highest level of education attainable in business administration. This degree is designed for working professionals who already have a master’s degree, helping them advance their skillset and business acumen. These programs are often offered in flexible schedule options like part-time or hybrid delivery to accommodate busy work schedules. DBA programs teach students how to apply business principles and research to real-world situations, which can help them advance in their careers.
Is a Doctorate in Business Administration Worth It: The Benefits
If you’re wondering whether a doctorate in business administration is worth the investment, explore the following benefits that obtaining it can offer. They include:
Career Advancement
One of the major benefits of earning a doctorate in business administration is the career advancement it offers. DBA degrees are terminal, so students who complete them have a deep understanding of business principles, which is imperative for senior-level roles. Since DBA programs teach students about real-world business problems and how to solve them, people with DBA degrees may be more likely to be considered for leadership roles and high-level positions. People who have doctorate degrees are also more likely to stand out against a sea of MBAs (master’s in business administration) and may be more likely to be hired. Having a high-level degree like a DBA also shows prospective employers that you’re committed to personal and professional growth, which can enhance marketability.
Enhanced Earning Potential
Another main benefit of pursuing a doctorate in business administration is the enhanced earning potential it can offer. Since DBA degrees offer the highest level of education in business administration, it makes sense that people who hold these degrees may earn more than those without them. Although salary ranges can vary depending on position, location, industry, and workplace, the starting salary for people with DBA degrees is often higher than those with lower-level degrees.
Expanded Career Horizons
Another benefit of a DBA degree is the vast range of career roles and positions you can pursue with it. DBA programs provide graduates with business management and decision-making skills that help prepare them for different career opportunities, including senior-level leadership positions. People can move up to executive roles within the company they already work at, like chief executive officers (CEOs). They can also work as a consultant for other businesses, start their own business, or pursue other related careers like analysts, advisors, and even professors.
If you want to enjoy the benefits of a high-level degree like a DBA, then consider pursuing it at Saint Mary’s University of Minnesota today.
DBA Program at Saint Mary’s University of Minnesota
At Saint Mary’s University of Minnesota, we offer a DBA program for working professionals at our Minneapolis campus. Our DBA program helps prepare working professionals to transition into senior or leadership positions by expanding their knowledge, skills, and business strategies. We employ a comprehensive curriculum with a focus on research, innovation, and real-world application to advance intellectual growth and practical skills. Some of the topics covered in our DBA program include:
- Analyzing intricate issues in a global, diverse business context
- Conducting relevant, applied business research
- Developing cutting-edge and adaptive solutions to complex business problems
- Providing adaptive leadership for continual organizational sustainability
- Embodying ethical practices and social responsibility
- Communicating effectively in a variety of methods for different settings
During this four-year program, students will benefit from flexible, part-time schedules, dedicated faculty who work with them every step of the way, and unmatched networking opportunities. The program is also accredited by International Accreditation Council for Business Education (IACBE), which recognizes our dedication to delivering business education aligned with our mission of developing competent and ethical leaders for the evolving business environment. To learn more about this academic program, explore the admission requirements or schedule a campus visit today.
Advance Your Career With a DBA from Saint Mary’s University of Minnesota
If you believe a doctorate in business administration degree is worth the benefits, don’t wait to get started. Apply to the program at Saint Mary’s University of Minnesota, where you’ll get a person-centered education that is grounded in Lasallian Catholic principles. To learn more about our DBA program or the requirements, request more information and connect with a counselor today.
