Are you interested in earning a doctoral
degree in finance, but didn't think it was possible due to career or
family obligations? By completing the proper prerequisites, you can now
earn your Doctor of Business Administration (DBA) with a finance
specialization entirely online.
Online Doctor of Business Administration Program Overview
Most schools require that students hold a
Master of Business
Administration (MBA) or business-related graduate degree in order to be
considered for acceptance to a Doctor of Business Administration (DBA)
program. Students should expect coursework to expand on topics covered
in undergraduate and graduate business classes, as well as introduce
more complex theories in finance, accounting, international business
issues and leadership principles.
Graduates often go on to pursue positions of leadership in a variety of business or financial fields.
Program Overview and Requirements
The DBA degree is typically earned within seven years of study.
Successful completion of a dissertation is often required in addition to
completion of classes, as well as a short, in-person colloquia or
residency. Coursework and study materials are offered online via a
school's distance learning website, so students must have access to a
computer with Internet connection. Communication with the instructors
and fellow classmates is accomplished by e-mail, online chat sessions or
message boards.
Common Course Descriptions
Like the MBA, the DBA curriculum includes marketing, accounting and
leadership classes. Students who specialize in finance should expect
additional classes that incorporate finance fundamentals into
management, advanced analysis and international business principles and
theories.
International Financial Management Course
This course compares and contrasts the financial methods and theories
of several nations. Issues that affect financial markets are
discussed, including why exchange rates fluctuate and their subsequent
impact on international business.
Global Marketing Course
The specific challenges of marketing to a global audience are covered
in this class. Topics include market selection, international
communications, distribution channels and cultural issues.
Strategic Business Planning Course
The course curriculum analyzes business strategies from theoretical,
practical and research perspectives. Case studies are used to help
develop the critical thinking skills necessary for effective business
planning. Other topics covered include corporate structure,
financial analysis, competitive environments, talent development and globalization.
Financial Leadership Course
This class focuses primarily on helping students learn to lead
organizations effectively and ethically. Case studies will be utilized
in conjunction with overviews of financial and economic theories and
methods. National and international monetary markets are explored, as
are budgeting and planning techniques.
Business Management Ethics Course
Coursework in this class includes various topics in managerial ethics
from a researcher's point of view. Ethics in education, codes and
business methods are among the topics discussed.
Career Outlook
DBA graduates often seek top-level position titles with companies,
such as Chief Financial Officer (CFO), Chief Operating Officer (COO) or
Chief Executive Officer (CEO). According to the U.S. Bureau of Labor
Statistics (BLS) , top executive jobs of this nature are not expected to
grow significantly between the years 2008 and 2018, and competition is
fierce for the existing positions. However, top executives are among the
highest paid workers in the U.S., with a median annual wage in May 2008
of $158,560. Salaries vary widely by industry. Some top executives earn
more than $1 million annually (
www.bls.gov).
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