Pursuing a PhD or doctorate degree is a significant undertaking

However, these advanced degrees can lead to increased opportunities in both academia and industry.

In this blog post, we will explore the pros and cons of pursuing a PhD or doctorate degree and provide guidance on how to choose the option that is right for you. 

A PhD (Doctor of Philosophy) is a specific type of doctorate degree that is focused on academic research and requires the completion of a dissertation.

On the other hand, a doctorate degree is a general term that encompasses all types of doctoral-level degrees, including professional doctorates such as a Doctorate of Business Administration (DBA). While a PhD is a type of doctorate, not all doctorates are PhDs.

Want more detail on how a PhD differs from a doctorate degree? Read our handy guide:

PhD and doctorate: Key differences ❯

Pursuing a PhD or doctorate degree is a significant investment of time, money, and effort. While both offer a high level of respect and recognition in your field, they also come with their own set of pros and cons:

Pros and cons of pursuing a PhD

Pros Cons
  • Can help you make significant contributions to your field of study.

  • Develops advanced analytical and research skills.

  • Opens up career opportunities in both academia and industry.

  • Provides a high level of respect and recognition in your field.

  • Potential for higher earning potential over time.

  • Requires a significant time commitment.

  • The cost can be substantial.

  • The job market for individuals with PhDs can be highly competitive.

  • The process can be mentally and emotionally taxing.

  • The focus on one subject area may limit your future career options.

Pros and cons of pursuing a doctorate

Pros Cons
  • Offers an opportunity to become an expert in your field.
  • Develops your ability to challenge current thinking in your workplace.

  • Can allow you to apply research directly to your work.

  • Typically requires less time than a PhD.

  • May be more affordable than a PhD.

  • Provides a high level of respect and recognition in your field.

  • The job market for individuals with doctorate degrees can be competitive.

  • The process can be mentally and emotionally demanding.

  • The cost can still be substantial.

  • A doctorate may require a significant time commitment.

How to choose the option for you  

Choosing between a PhD and a doctorate degree can be difficult. When making this decision, it is important to consider your career goals and interests. If you are interested in pursuing a career in academia, a PhD may be the best option.

If you are interested in a career in industry, a doctorate degree may be more appropriate. Additionally, consider the time and cost of the programme and your ability to balance work, study, and personal responsibilities.

Get more advice on how to select the right type of degree for you:

PhD or doctorate: How to choose ❯

Other factors to consider

When choosing between a PhD and a doctorate degree, there are other factors to consider. For example, consider the reputation of the programme and the faculty, the support services offered by the institution and the potential for networking and collaboration with other professionals.

With the University of Portsmouth’s Global DBA you can study 100% online, alongside other professionals from around the world. You’ll have access to a range of support services throughout your studies, such as IT support, study skills training and the Library.

The course is part of the Faculty of Business and Law. Our research delivers solutions to pressing global issues, and we collaborate with businesses, SMEs, and public sector organisations to achieve this.

Our teaching is renowned for its excellence, receiving accreditation from professional bodies such as the European Foundation for Management Development (EFMD). Our expertise in law, business, and management enables us to make a meaningful contribution to society and industry.

Conclusion 

Pursuing a PhD or doctorate degree is a significant decision that requires careful consideration. While both options offer benefits and drawbacks, choosing the option that is right for you depends on your career goals, interests, and personal circumstances.

If you are interested in pursuing a Global Professional Doctorate in Business Administration, the University of Portsmouth offers an online programme that could help you gain recognition in your field:

Show me Global DBA details  ❯

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