A doctorate of philosophy is awarded to students who have the reached the highest levels of academic studies. Students typically pursue PhDs to distinguish themselves as authorities on specialized subjects. For that reason, obtaining a PhD can take many years.

Curious students often ask, what is a PhD in Family Business? Since running a small business requires many different skills, family business curriculums aim to provide students with the tools they need to succeed. Usually, program participants take coursework in budgeting, forecasting, sales, management, and other relevant subjects from faculty members with industry experience. They also typically engage in experiential learning in real-world settings. Finally, students may complete their studies by writing a dissertation, examining novel ideas related to family business.

When pursuing a PhD in Family Business, students acquire skills that they often find immediately useful. Budgeting and forecasting help participants balance their checkbooks and control expenses. Likewise, critical-thinking skills provide students with the mental frameworks they need to solve complex problems.

Determining the exact cost of obtaining a PhD in Family Business is difficult because it depends largely on the school a student chooses to attend. As such, most students choose to research and understand expenses before they decide which PhD program to pursue.

Those who obtain a PhD in Family Business usually decide to use their education and skills to help small businesses grow. Thus, graduates frequently either begin their own entrepreneurial venture or return to a family company. Nonetheless, some graduates choose to work as consultants, giving advice to small business owners or authoring how-to books. Still others choose to work as teachers in academia, instructing future business leaders on the fundamentals of company growth. Since those with PhDs are generally in high demand, they usually expect to command competitive salaries for their professional expertise.

You have a few options for earning a PhD in Family Business. Institutions around the globe offer traditional classroom instruction. Otherwise, you may work on obtaining a degree through an online platform. Search for your program below and contact directly the admission office of the school of your choice by filling in the lead form.