In the business world, where innovation and strategic thinking drive success, the pursuit of knowledge is endless. Your skills must follow suit as the corporate world and commercial sphere continue to evolve. Enter the doctorate in business administration (DBA), a program designed to propel seasoned professionals to new heights in their careers. While plenty of these programs are available online, knowing which is the right fit for your goals can be challenging.
To help students find their ideal DBA degree program, Intelligent.com compiled this list of the best online doctorate in business administration for 2023. The research team reviewed dozens of programs based on cost, rankings, faculty, retention, and graduation rates and found these to be the highest quality.
Furthermore, Michelle Pickett, Director of the Academic Advising Center at Northern Illinois University, provides insights and guidance to students interested in pursuing an online doctorate of business administration. With considerable knowledge, she addresses questions about the value of a DBA, program costs, duration, admission prerequisites, and the many career opportunities available to graduates with this degree.
Online Doctorate in Business Administration Program Overview
What can you do with a doctorate in business administration?
A doctorate in business administration (DBA) prepares graduates with advanced business strategy, leadership, and decision-making expertise. With a DBA, students can pursue high-level roles such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), or Chief Marketing Officer (CMO), leading organizations with strategic vision. They can also excel as management consultants, helping companies solve challenges and improve performance.
DBA degrees frequently offer specialization options like marketing, finance, entrepreneurship, and international business, enabling graduates to tailor their careers to their unique interests. Whether launching their own ventures, driving innovation within corporations, or contributing to academia as professors, DBA holders are equipped with the skills to excel in dynamic business environments and shape the future of industries.
How long does it take to get a doctorate in business administration degree?
Online DBA programs typically take two to four years of full-time study to complete, but prior education in business or a related field may reduce the program duration. Additional factors influencing the completion timeline include program structure and whether students study part-time or full-time.
Asynchronous vs. Synchronous Learning
Online DBA programs frequently offer a mix of asynchronous and synchronous learning. Asynchronous learning allows students to access course materials and complete assignments on their schedule. Synchronous components, such as live virtual classes or discussions, promote real-time engagement.
While this mixed format is more common, finding fully asynchronous or synchronous programs is still possible. Some students prefer asynchronous learning for its independent nature, while individuals prioritizing real-time interaction may seek synchronous options.
Part-Time vs. Full-Time
The choice between part-time and full-time study can also affect program length. Full-time students might complete the program in two to three years, while part-time students may take three to four years. Both options have their advantages. For example, full-time students will graduate sooner. Still, part-time study often allows students to balance their education with other responsibilities — like having a full-time job or being a parent.
How much does an online doctorate in business administration degree cost?
For the 2020-2021 academic year, tuition averaged $19,749 for all graduate programs in the United States — including DBA programs. However, this figure can vary significantly depending on the institution, the program’s reputation, the student’s residency status, and whether you enroll full- or part-time.
Enrollment Status
Full-time students typically complete the program faster but may have higher annual tuition costs. On the other hand, part-time students can spread the costs over a more extended time, which may make the program less expensive in the long run. Still, it can also quickly lead to a higher bill if a student needs to retake a course or if other circumstances intervene and complicate the completion timeline.
Residency Status
State residency often affects tuition rates for public universities. In-state residents usually pay lower tuition than out-of-state students, as public schools receive funding from state governments to support their operations and educational programs. Out-of-state students may see tuition costs equivalent to full-time programs in the private sector, which can increase costs by $10,000 or more.
What are the admission requirements for an online doctorate in business administration degree?
Admission requirements for online DBA programs can vary depending on the institution and the specific program. However, many universities share the exact standard requirements — including the following:
- Master’s Degree: Most DBA programs require applicants to hold a master’s degree, often in business or a related field. Some programs may accept candidates with graduate degrees in other disciplines if they have relevant work experience.
- Work Experience: Many DBA programs prefer applicants to have significant professional experience, typically several years in a managerial or leadership role. This experience helps ensure students can contribute valuable insights to discussions and projects.
- Test Scores: Some programs may require standardized tests such as the GMAT or the GRE. However, some schools may waive these requirements due to the nature of online DBA programs and the focus on professional experience.
- Transcripts: You must provide official transcripts from all institutions you’ve attended. These transcripts demonstrate your academic history and confirm your eligibility for the program.
- Letters of Recommendation: Programs often ask for two or more letters of recommendation from people who can speak to your academic abilities, professional experience, and potential for success in a doctoral program.
- Resume or CV: A current resume or curriculum vitae (CV) is required to illustrate your work experience, educational background, skills, and accomplishments.
It’s crucial to carefully review the admissions requirements of each program you’re considering, as they can differ significantly. Additionally, some programs may have specific prerequisites or expectations, such as completing certain courses, submitting a research proposal, or participating in an interview process.
The Top 50 Online Doctorate in Business Administration Programs
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How We Rank Schools
This list features some of the best online business administration programs at top colleges nationwide. Each school featured is a nonprofit, accredited institution — either public or private — with a high standard of academic quality for post-secondary institutions. The programs on our list are available at accredited institutions, including the Association to Advance Collegiate Schools of Business (AACSB) and the Accreditation Council for Business Schools and Programs (ACBSP), both reputable organizations that assess business programs for educational excellence and a commitment to quality education.
We evaluated each school’s program on tuition costs, admission, retention and graduation rates, faculty, reputation, and the student resources provided for online students. Then, we calculated the Intelligent Score on a scale of 0 to 100. Read more about our ranking methodology.
Next, we compared this comprehensive list of online business administration programs to a list of aggregated college rankings from reputable publications like the U.S. News & World Report, among others, to simplify a student’s college search. We pored through these rankings so students don’t have to.
Business Administration Degree Concentrations
Is a specialized doctorate in business administration degree better than a general doctorate in business administration degree?
The short answer is — it depends. Both degrees have advantages, but whether a specialized DBA is better than a general DBA will depend on your career goals, interests, and the specific skills you aim to acquire while earning your education.
For example, a specialized DBA focuses on a specific area, such as finance, marketing entrepreneurship, or international business, which can provide targeted expertise and make you a highly competitive job candidate in industries requiring specialized knowledge.
On the other hand, a general DBA provides a broader understanding of business fundamentals and strategy, allowing for versatility across various roles and industries. It can prepare you with skills in leadership, critical thinking, and problem-solving that are valuable in multiple contexts.
If you have a clear direction and want to excel in a particular field, a specialized DBA might be the right choice. A general DBA can offer a well-rounded foundation if you value adaptability and wish to pursue diverse career paths. Ultimately, the best decision depends on aligning your educational path with your long-term career objectives.
What are some common doctorate in business administration degree concentrations?
Strategic Management
Natural problem solvers with an organizational mindset will thrive in a strategic management concentration. This field focuses on developing skills to formulate and execute business strategies, analyze competitive environments, and make effective strategic decisions. Graduates often pursue top executive-level roles at major corporations or act as management consultants, corporate strategists, or general managers.
Marketing
Individuals with a knack for storytelling may enjoy a concentration in marketing. Students explore advanced marketing strategies, consumer behavior, branding, digital marketing, and market research to gain in-depth marketing expertise. Post-graduation, students may embark on careers as marketing managers, brand directors, or market research analysts.
Finance
Money-savvy students interested in economics are often well-suited to pursue a concentration in finance. This sector delves into corporate finance, investments, risk management, financial markets, and mergers and acquisitions. Graduates can secure employment as financial analysts, hedge fund managers, corporate treasurers, and more.
International Business
Curious, open-minded students with an aptitude for global business will excel in an international business concentration. This field concentrates on global business strategies, cross-cultural management, international trade, global marketing, and multinational operations. After graduation, students can begin careers as global strategy consultants, global marketing managers, and international supply chain managers.
Entrepreneurship
Independent students with an innovative mindset may be well-equipped to pursue a concentration in entrepreneurship. This concentration focuses on creating, managing, and growing new ventures, emphasizing innovation, opportunity recognition, and business development. Many students begin their ventures directly after graduation but are also well-suited to pursue careers as business consultants, innovation strategists, or product managers.
Career Opportunities for Doctorate in Business Administration Degree Graduates
Career trajectories
- Management Analyst: Also known as management consultants, individuals in this field assess an organization’s operations, processes, and strategies to identify areas for improvement and efficiency enhancement. They gather and analyze data, conduct interviews with employees, and assess financial and operational data to provide recommendations for streamlining processes, reducing costs, and achieving organizational objectives. Average median salary: $93,000
- Marketing Manager: Marketing managers develop and implement strategies to promote a company’s products or services. They oversee market research, analyze consumer trends, and collaborate with creative teams to plan and execute marketing campaigns across various channels. Average median salary: $133,380
- Financial Manager: Tasked with overseeing an organization’s financial health and operations, individuals in this sector analyze financial data, create budgets, and develop strategies to manage investments, cash flow, and financial risks. They may collaborate with other departments to ensure fiscal responsibility and make informed decisions that align with the organization’s financial objectives. Average median salary: $131,710
- Supply Chain Manager: Supply chain managers coordinate the end-to-end flow of goods, services, and information within a company’s supply chain network. They oversee procurement, production, distribution, and logistics to ensure efficient and cost-effective operations. Average median salary: $77,030
- Public Relations Manager: Public relations managers are responsible for building and maintaining a positive public image for an organization or individual. They develop communication strategies, craft press releases, and manage relationships with the media. Average median salary: $119,860
Is a doctorate in business administration degree worth it?
“Yes,” Pickett says, “Completing the doctorate in business administration is valuable for those looking to earn a terminal degree in business administration and becoming a skilled practitioner in business management. It is a great opportunity to further your education if one has completed an MBA.”
Recent statistics support this, with the U.S. Bureau of Labor Statistics (BLS) reporting that the demand for top-tier business positions is projected to grow by 11 percent from 2021 to 2031. Management analysts, a rose often pursued by DBA graduates, show a significant 46% holding advanced degrees, highlighting the value of higher education in this field.
When assessing the worth of a DBA, Return on Investment (ROI) comes into play. The BLS data indicates that top business executives who frequently hold advanced degrees earn a median annual wage exceeding $200,000. This substantial earning potential, coupled with the projected job growth, underscores the potential return on the investment in pursuing a DBA.
Moreover, a DBA equips graduates with advanced knowledge in leadership, strategic thinking, and decision-making skills, all highly transferable across industries. This versatility enhances the likelihood of securing and excelling in top-tier positions.
With the business landscape becoming increasingly competitive, the combination of a projected increase in demand for business leaders and the strong earning potential makes a DBA a promising investment. It’s not just a degree; it’s a strategic move that can significantly elevate career trajectories and offer a substantial return on time, effort, and tuition investment.
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How to Choose a Doctorate in Business Administration Degree Program
Choosing the right doctorate in business administration (DBA) program is pivotal for prospective students seeking to advance their careers in the corporate world or academia. Pickett advises, “When investigating programs, be sure to gather sufficient information about the program to make a sound decision.” A well-informed approach in selecting your ideal DBA program is essential to ensure that your chosen program aligns with your career objectives.
To help you make a confident choice, we’ve broken down the journey to earning your online DBA into five essential steps. Each step will guide you through decision-making, ensuring you choose a program that perfectly fits your professional goals and aspirations.
5 Steps to Earning an Online Doctorate in Business Administration Degree
1. Make sure it’s the right choice
Obtaining a DBA is generally a lucrative career move that can benefit you for years, but learning in a virtual environment may be better for some students than others.
By considering your learning style, schedule, and career goals, you can ensure that earning your degree online is the right choice. Online learning requires self-discipline, time management, and staying motivated. Pickett recommends asking yourself: “‘Can I learn best in an online or in-person classroom environment?'” She adds, “Pursuing a degree in-person or online is a personal choice. Individuals need to know the type of learning environment best for them.”
Evaluating the time commitment each program will require is crucial, as some online degrees may provide opportunities for asynchronous learning and accelerated pathways. In contrast, others may focus more on real-time, synchronous learning that can take more time to complete and effort to schedule. Connecting with current or past online students can offer insights into the online learning experience.
2. Research schools and programs
Many reputable DBA programs are available online, but how can you know the best option? “In general,” Pickett says, “The keyword is fit. Factors when considering fit include — but are not limited to — cost, length of the program, networking opportunities, job placement, and the alumni network.” Look for institutions with a strong reputation in your intended field, and consider alum success rates and program rankings. Review the curriculum to ensure it aligns with your career goals, offering relevant coursework to support your interests or opportunities for specialization in the field you plan to enter.
Lastly, Pickett adds, don’t hesitate to contact admissions offices to gather information. She encourages prospective students to “…talk with an admissions representative or faculty member from the program to learn more.” This additional step can help you gain insights into the program’s culture and structure and lend firsthand perspective.
3. Prepare for tests and applications
Once you’ve narrowed your options and selected the programs you’d like to apply to, you can focus on creating a solid application and studying for any required standardized tests.
Consider test prep courses to enhance performance for standardized tests like the GRE or GMAT. These courses focus on practical strategies to approach different question types and manage time efficiently while acquainting students with the test structure and time constraints.
When it comes to your application, tailor your personal statement to each program, illustrating how your attributes align with their values while highlighting your uniqueness and potential contributions. Address your career goals, experiences, and enthusiasm for the field.
Through diligent test prep and a thoughtfully crafted personal statement, you’ll present a strong case for admission, displaying your academic readiness and commitment to making a meaningful impact in your chosen DBA program.
4. Determine how you’ll pay for your degree
Earning your doctorate can be expensive, but it doesn’t have to be. Creating a comprehensive financial plan can help alleviate the financial burden of pursuing higher education. When reviewing programs, Pickett recommends that students “…compare costs of different programs to determine the best return on your investment. Look at the cost of tuition, technology or online learning/technology fees, book costs, and any required software for the program.” Investigating each program’s expense beyond the tuition price gives you a better idea of how much your education will cost in the long term.
Then, look at scholarships and grants that may be a good fit for business-oriented students seeking advanced degrees. These forms of financial aid can ease the debt burden as they don’t require repayment. Completing the FAFSA is essential, as it assesses eligibility for federal loans with lower interest rates and flexible repayment options.
5. Select your program
Once your acceptance letters have arrived, you should carefully compare program offerings, the faculty on staff, and each curriculum’s alignment with your goals. Next, finalize your financial plan — considering tuition, fees, and potential sources of funding like scholarships, grants, and loans — to evaluate how the program aligns with what you have planned to spend. Weigh these factors against the program’s reputation and long-term career benefits to confidently choose the DBA program that aligns with your aspirations and financial resources.