Doctorate of Management: Degree OverviewThe Doctorate of Management Degree program is a challenging, highly rewarding experience for students, providing an interdisciplinary and globally oriented perspective for leaders.
A doctorate degree is considered to be a terminal degree. In the U.S., colleges and universities reward three different types of doctorate degrees: honorary, professional, and research/terminal. The term 'Doctor' previously only referred to research doctors, but it is now used as a _title_ in corporate settings as well.
Students who are interested in professional management or a research position should pursue a Doctor of Management degree. A Doctor of Management Degree is an interdisciplinary program that stresses the application of management research to real-world situations. It is much more professional in nature than the PhD, which is a theoretical discipline-oriented research degree with a narrow focus, and is for people who are looking to become a tenured faculty or researcher within the university.
A Doctor of Management Degree will still allow you to teach at institutions that require a doctorate from an accredited institution, but tenure-track positions usually require a more specialized degree, so if you have an intensely academic focus, you may be better off with the Ph.D. A Doctor of Management is the top available degree for professionals or researchers who are interested in becoming an effective manager, as well as learning the psychological, sociological, and business-oriented demands of management.
Curriculum
A Doctor of Management helps prepare students to think deeply about issues of economics and employee care, and use their imagination to apply their new knowledge to the profession and society. The Doctor of Management degree program is one of the best ways for students or mid-career professionals to understand the ins and outs of a company and its operations.
The Doctorate of Management program generally provides students with an interdisciplinary program that prepares students to become leaders in management. There are many focuses within the Doctorate of Management program; you may research International Operations Management, Organizational Processes Management, Technological Systems Management, Information Technology Management, Security Management, and more depending on your school of choice.
Curriculum and original research may pertain to the following fields:
Organizational Leadership Human Capital Strategy Formulation Operational Planning Business Acquisition Technology ManagementTypically, students will have seven years to complete a Doctorate program. Upon graduation students will have a firm understanding of managing organizations in a global economy.
Career Related Information
Good leaders engage in thinking and analysis _base_d upon a global perspective and have finely tuned identification and resolution skills. Whether inside the organization or among suppliers and manufacturers, they should maintain an active network of peers in and out of the organization.
According to
www.bls.gov, the national average compensation for a junior consultant is $40,000 a year. Senior consultants average for $61,000 to $80,250 a year in earnings. Principal consultants and Senior Executive Vice Presidents are compensated in the range of $107,000 to $235,135. As in most industries your earnings will be higher in metropolitan areas with the top 10% of executive managers making well over $120,000 annually.
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