* Ph.D. (Doctor of Philosophy): This is a research-focused degree. The emphasis is on contributing original knowledge to a specific field of study within business (e.g., finance, marketing, organizational behavior). Ph.D. programs generally involve rigorous coursework, comprehensive exams, and a significant dissertation that presents a substantial, original contribution to academic knowledge. The goal is to become a researcher and potentially an academic, contributing to the body of scholarly literature and teaching at the university level.
* DBA (Doctor of Business Administration): This is a practice-oriented degree. While it involves research, the emphasis is on applying research findings to solve real-world business problems. DBAs often involve a significant practical component, such as consulting projects or case studies, alongside coursework and a dissertation. The dissertation typically focuses on a practical problem and its solution, often drawing on existing research but contributing practical insights and recommendations. The goal is to develop high-level business leaders and practitioners who can apply advanced knowledge to strategic decision-making within organizations.
Here's a table summarizing the key differences:
| Feature | Ph.D. (Business) | DBA |
|-----------------|------------------------|--------------------------|
| Focus | Research & Theory | Practice & Application |
| Goal | Advance academic knowledge | Solve real-world problems |
| Dissertation | Original research contribution | Practical problem & solution |
| Career Path | Academia, research | Senior management, consulting |
| Coursework | More theoretical | More applied |
| Methodology | Primarily quantitative/qualitative research | Mix of research methods, including case studies |
In short, a Ph.D. is about *creating* knowledge, while a DBA is about *applying* knowledge. Both are doctoral degrees, representing the highest level of academic achievement, but they cater to different career aspirations.