Perhaps there are two groups of candidates seeking to earn their online Doctorate degree in Business Administration. Specifically, a majority of doctorate degree students already are employed and have an established career, however, they may be interested in additional promotions, an increase in salary or just determined to reach a dream goal… to earn their doctorate degree.
The other group of students are typically younger, have no real-world work experience and are earning their degrees one after the other. So, naturally, after earning their master’s degree, entering into an online doctorate degree program is the next logical step.
For most students, they have a career goal in mind already, however, if you are just beginning your educational journey, perhaps you are curious about some potential job opportunities you may find interesting that will be available to you with a graduate degree in business administration. An online Doctorate degree in Business Administration will open many doors for you, particularly, in obtaining a top executive or management position, as well as, a teaching position as a professor at the university level.
The General and Operations Manager is tasked with overseeing the business’s day-to-day operations in every facet of administration, production, sales and marketing, in addition to, human resources. This position is closely related to the one of the Chief Executive Officer, as duties may overlap. The salary for this position can vary greatly depending on experience, talent and job location, however, salaries can range from between $75,000 to upwards of $155,020 annually. In the largest corporate settings, salaries can rise to $234,000 per year.
A Chief Financial Officer will be responsible for the financial well-being of a company’s investments, assets and expenses. They oversee budgets and research future business endeavors, in addition to, securing funds. Again, the CFO’s salary can vary greatly depending on a number of factors, however, it may range from between $243,960 – $395,584 annually, with a median salary of $312,233 per year.
Does your interest lie within the realm of information technology? A Chief Information Officer is responsible for all technological advances and computer systems within a business. They must support company goals and be good problem solvers, as well as, well-versed on computer software and maintenance. The BLS states that in May of 2016, the median salary for this position was $135,800 annually.
If teaching others is your passion, a position as a university Professor will earn you between a range of $58,830 – $121,850 annually. A Professor in the field of business administration may include teaching courses in business fundamentals, accounting, leadership, human resources and marketing, just to name a few. They conduct research and plan curricula while tasked with the responsibility of shaping the minds of their students in the field of business administration.
How would you like to be your own boss? Have you got an idea for a product or service? After earning your online Doctorate degree in Business Administration, this is the time to fulfill your dreams. Your entrepreneurial spirit, along with your degree, will ensure your success. Of course, your salary will depend on it!
We have compiled a list of the Top 20 Online Doctor of Business Administration Programs to help you in your endeavors!