Fellowship Program in Management:
* Goal: To provide advanced training and practical experience to mid-career professionals in management. It's focused on enhancing existing skills and knowledge, often specializing in a particular area of management.
* Duration: Typically shorter than a PhD, ranging from a few months to a couple of years.
* Curriculum: Combines coursework, workshops, case studies, and potentially a capstone project or consulting experience. The focus is on application and immediate impact. Research is usually less intensive than a PhD.
* Outcome: Improved managerial skills, enhanced professional network, potential for career advancement within the current field. Doesn't typically lead to an academic career. May result in a certificate or diploma.
* Admission Requirements: Significant professional experience is usually a prerequisite. A master's degree might be preferred but not always required.
PhD in Management:
* Goal: To train researchers and scholars to contribute original knowledge to the field of management through rigorous research.
* Duration: Typically 4-7 years, often requiring completion of coursework, comprehensive exams, and a significant dissertation contributing original research to the field.
* Curriculum: Involves advanced coursework in various management disciplines, research methodology training, and extensive independent research leading to a dissertation. Focus is on generating new knowledge and advancing theoretical understanding.
* Outcome: A doctoral degree (PhD) qualifying the individual for academic positions (professorship, research scientist), advanced research roles in industry, or consulting based on original research.
* Admission Requirements: A strong academic record (typically a master's degree), demonstrated research aptitude (often evidenced by publications or strong GRE/GMAT scores), and letters of recommendation highlighting research potential.
In short: A fellowship is about enhancing *existing* management skills for career advancement, while a PhD is about creating *new* management knowledge through original research and preparing for an academic career or high-level research roles. They cater to very different career goals and require different skill sets and commitments.