Here's a breakdown:
* Ph.D.: A doctoral degree demonstrates a high level of scholarship, research ability, and critical thinking skills. It's often a requirement or strong preference for positions such as deans, provosts, vice presidents, presidents, and other senior administrative roles. A Ph.D. also often opens doors to teaching opportunities alongside administrative duties.
* Master's Degree (MA or MBA): A master's degree provides a solid foundation in relevant fields like higher education administration, business administration, or a related subject matter. It's usually sufficient for roles like program coordinators, assistant directors, admissions officers, and other mid-level positions. Many institutions are willing to hire individuals with significant experience in lieu of a doctorate, particularly if it's in conjunction with a strong master's degree.
In short: While a Master's can get your foot in the door, a Ph.D. significantly expands career opportunities and opens doors to higher-level positions and greater influence within a higher education institution. The best choice depends on your career aspirations. If you aim for the highest levels of leadership, the Ph.D. is the stronger option.