The service sector is constantly shaping capitalism and moulding the world into a money-making machine. And there is nothing wrong with that. Who doesn’t like taking it to the next level of success with a little bit of finance on the side? Everybody does. And choosing the right career path plays a significant role in that. Once you start treading on the path of making a career in business, BBA and MBA are definite paths to follow. But if you get bitten by the curiosity bug, then going for PhD in management is harmless too.
What is PhD in Management
It is simply the Doctor of Philosophy, not necessarily a doctor in the subject of philosophy. The word “philosophy” is Greek for the 'lover of wisdom'. So when a business or management enthusiast is keen on pursuing a doctorate in their relevant field, it simply means they want to chase their love for the discipline.
Scope of PhD in Management
The domain of management is vast when it comes to establishing a career in the same. And one tends to get confused when a number of options are served on a silver platter. Hence we brought you a list of some of the top career choices that you can opt for after your management PhD. Go through it.
1. Project Management
If you are looking forward to building a career in the management of a project, don’t think twice. This is a go-to specialisation for those who possess the expertise of handling any project and also want to hone their skills in the field. Under this discipline, you learn to manage your time, resource endowments, and cost at large. The process starts with planning, continues with overcoming roadblocks and achieving success at last.
2. Public Speaking
Being a management student, you are expected to be a good speaker, and that too be a people person when speaking among a large audience. In addition to that, if you are going to get into teaching and academics after your PhD in management, then a skill like public speaking is an essential aspect. This way, you will be able to convey your ideas and thoughts, more clearly.
3. Get into PSU
There are 13 Maharatna companies in India that come under the public sector unit (PSU). They are always seeking professionals from management backgrounds who could look after everyday operations and processes of the organisation. Some of these PSUs include Steel Authority of India Limited (SAIL) and Bharat Heavy Electricals Limited. Others that follow the lead are Indian Oil Corporation Ltd (IOCL) and Coal India Limited.
4. Management Consultant
It is a management consultant’s job to train all the professionals under his or her wing and groom them. It is done to make them the best talent in the industry and a better version of themselves. One of the main requirements is also to recruit the best talent from across the globe. So they can be retained to make the organisation successful. Companies usually point you in a direction, where you will have to be on your feet to come up with strategies and solutions.
5. Policy Analysis
You can try your luck and interest in the field of policy analysis and advocacy as they hold the ability to strengthen any organisation as well as bring it close to catastrophe. With this role, you hold the power to sway a decision in your favour regarding business regulation, economic development, and corporate governance, to name a few.
Conclusion
So you can look for the best management college in Dehradun or a premium management institute in Delhi, where your management dreams can come true. Put all your heart and soul into your research for the right one and get started with your doctoral dream.
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