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The demand for professionals skilled in product management has grown rapidly in recent years. Companies have realized that the creation of a successful product is an investment that requires skillful leadership and management. Having a PhD in Product Management gives you an advantage when pursuing desirable, high-paying product management jobs.
A product management PhD can lead to a career as an industry expert. It can also open the door to higher salaries. This guide offers a look at the best PhDs in Product Management as well as what you can expect for a PhD in Product Management salary.
The best doctorates in product management will help students earn an excellent salary following graduation and become great product managers in their chosen fields or enter the world of academia as skilled teachers and researchers.
What Is a PhD in Product Management?
A PhD in Product Management is a postgraduate degree that prepares students to become experts at managing products, usually in retail environments. Students will be required to complete advanced courses in product management before graduating as well as conduct original research in the field and produce and defend a thesis.
How to Get Into a Product Management PhD Program: Admission Requirements
The main requirement to get into a product management PhD program is a bachelor’s or master’s degree from an accredited institution. You would need to prove completion of the degree program and provide transcripts from each institution you previously attended. You will also likely have to present letters of recommendation.
In addition, the majority of PhD in Product Management programs require prospective students to take a standardized test such as the Graduate Record Examinations (GRE) or Graduate Management Admission Test (GMAT). Some graduate schools require students to have work experience so you must provide a resume. International students will also have to submit English proficiency test scores.
PhD in Product Management Admission Requirements
- Bachelor’s or master’s degree from an accredited university or college
- Transcripts from each post-secondary institution attended
- GMAT/GRE scores
- Letters of recommendation
- Resume detailing educational and professional experience
- English proficiency exam scores
Product Management PhD Acceptance Rates: How Hard Is It to Get Into a PhD Program in Product Management?
It is hard to get into a PhD program in product management, especially the ones at prestigious universities. Many well-known and accredited schools have rigid admissions for PhD applicants and are highly selective. Excelling in your undergraduate or master’s degree may give you a better chance of gaining acceptance.
How to Get Into the Best Universities
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Best PhDs in Product Management: In Brief
| School | Program | Online Option |
|---|---|---|
| Arizona State University | PhD in Business Administration with a Concentration in Management | No |
| Carnegie Mellon University | PhD in Operations Management | No |
| Columbia University | PhD in Management | No |
| Duke University | PhD in Operations Management | No |
| Georgia Institute of Technology | PhD in Operations Management | Yes |
| Harvard University | PhD in Technology and Operations Management | No |
| New York University | PhD in Operations Management | No |
| Northwestern University | PhD in Operations Management | No |
| University of South Carolina | PhD in Production/Operations Management | No |
| The University of Texas at Austin | PhD in Information, Risk, and Operations Management | No |
Best Universities for Product Management PhDs: Where to Get a PhD in Product Management
The best universities for product management PhDs have been accredited by a recognized accrediting body. Since PhD programs rely heavily on research and teaching work, the best universities in product management also focus on research. Below are 10 of the top universities to consider if you want to pursue a PhD in Product Management.
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Arizona State University | Tempe, AZ
Arizona State University (ASU) is one of the country’s top universities offering high-quality degree programs. It features over 450 graduate degree programs and certificates and is home to some of the country’s best researchers in various fields of study. ASU is also one of the fastest-growing research institutions in the United States.
PhD in Business Administration with a Concentration in Management
Arizona State University’s PhD program in business administration with a concentration in management will give students a chance to gain current and relevant knowledge on organizational behavior and strategic management. It is offered under ASU’s W.P. Carey School of Business and places emphasis on research and teaching.
PhD in Business Administration with a Concentration in Management Overview
- Program Length: 5 years
- Acceptance Rate: N/A
- Tuition and Fees: $6,457/semester (in state); $12,699/semester (out of state); $15,575/ semester (international)
- PhD Funding Opportunities: Federal financial aid, fellowships and awards, teaching and research assistantships, loans
PhD in Business Administration with a Concentration in Management Admission Requirements
- Bachelor’s or master’s degree from a regionally accredited institution
- Minimum cumulative GPA of 3.00
- Graduate admission application and application fee
- GMAT scores
- Official transcripts from previously attended schools
- 3 letters of recommendation
- Personal statement
- Resume with an employment summary
- Proof of English proficiency (international students)
Carnegie Mellon University | Pittsburgh, PA
Carnegie Mellon University is a private research university with a student body of over 14,500. It offers outstanding graduate and undergraduate education and research via seven schools and colleges. The university has a strong focus on interdisciplinary work, as many of its courses combine multiple disciplines.
PhD in Operations Management
The PhD in Operations Management from Carnegie Mellon University is designed to provide students with the tools they need to develop scientific solutions to the problems currently faced by operations managers. You will be dealing with a broad range of topics, such as supply chain management, new product development, inventory control, and others.
PhD in Operations Management Overview
- Program Length: 2-5 years
- Acceptance Rate: 3-5%
- Tuition: $47,000/year
- PhD Funding Opportunities: The program is fully funded by the university through the William Larimer Mellon Fellowship, except for the annual activity and transportation fees; other fellowship programs and scholarships
PhD in Operations Management Admission Requirements
- Scanned copies of all transcripts from previous institutions attended
- 3 completed Tepper School of Business evaluation forms
- GMAT/GRE scores
- Application fee of $90
- TOEFL, DET, or IELTS (non-native English speakers)
Columbia University | New York City, NY
Located in New York City, Columbia University is one of the most distinguished research universities in the US. This Ivy League university has three undergraduate schools, 13 graduate and professional schools, and more than 100 research centers and institutes.
PhD in Management
Columbia University’s PhD in Management is offered at the Columbia Business School and focuses on basic social science knowledge and research. Doctoral students are trained for academic research careers and select one of three subfields: organizational behavior, organizational theory, and strategy.
PhD in Management Overview
- Program Length: 5-6 years
- Acceptance Rate: Less than 5%
- Tuition and Fees: $38,688/semester (full residence of more than 6 points)
- PhD Funding Opportunities: Doctoral candidates are fully funded for their first four years; merit-based fellowships, assistantships, tuition exemption, research grants
PhD in Management Admission Requirements
- Online application
- Official transcripts
- Essay
- Application fee of $100
- GMAT/GRE scores
- 2-5 letters of recommendation
- Enrollment commitment deposit
- TOEFL/IELTS (international applicants)
Duke University | Durham, NC
Duke University is a private research university in North Carolina. It is home to 16,780 students, including 6,789 undergraduates and 9,991 graduate and professional students. In the Fall of 2021, Duke University conferred 4,007 graduate and professional degrees.
PhD in Operations Management
Duke University’s PhD in Operations Management is offered via the Fuqua School of Business. It focuses on training doctoral students to produce original research in the field. The doctoral program aims to provide the skills and tools necessary to prepare students for academic careers or work as consultant product managers.
PhD in Operations Management Overview
- Program Length: 4-5 years
- Acceptance Rate: 2-8%
- Tuition and Fees: $69,775/year (years 1-3); $17,775/year (years 4-6)
- PhD Funding Opportunities: The graduate school covers the tuition and fees for students’ first five years; full or partial scholarships, fellowship stipends, training programs, and research, graduate, and teaching assistantships
PhD in Operations Management Admission Requirements
- Bachelor’s degree from an accredited institution
- Transcripts from each undergraduate and graduate institution attended
- 3 letters of recommendation
- Statement of purpose
- Resume/CV
- GRE scores
- Undergraduate GPA
- English language proficiency test (nonnative English speakers)
Georgia Institute of Technology | Atlanta, GA
Georgia Institute of Technology started as a trade school. When the school began to focus on advanced technological and scientific research, it changed its name to reflect these efforts to solve real-world problems. Today, Georgia Tech is one of the largest industrial and engineering research agencies in the South, with more than 100 interdisciplinary research units.
PhD in Operations Management
The PhD in Operations Management at Georgia Tech is offered through the Scheller College of Business. It is a research-oriented program that trains students for radical innovation and emphasizes learning outside the classroom. You will be using a wide variety of research methods, including modeling, empirical, and behavioral laboratory experiments.
PhD in Operations Management Overview
- Program Length: 5 years
- Acceptance Rate: 21%
- Tuition: $586/credit (in state); $1,215/credit (out of state)
- PhD Funding Opportunities: Research assistantships, teaching assistantships, fellowships, outside sponsorships, veteran benefits, tuition waivers
PhD in Operations Management Admission Requirements
- Undergraduate (and, if applicable, graduate) overall GPA
- GMAT/GRE scores
- Essay
- 3 letters of recommendation
- Transcripts from previous institutions attended
- Resume
- TOEFL/IELTS (international applicants)
Harvard University | Cambridge, MA
Harvard University is an Ivy League research university established in 1636. It is one of the oldest institutions of higher learning in the United States and one of the world’s most prestigious universities. There are 35,276 students studying at the school but getting into Harvard can be difficult.
PhD in Technology and Operations Management
Harvard Business School’s PhD in Technology and Operations Management offers students the opportunity to pursue their interests in various disciplinary areas. The program is designed to help students develop valuable skills for organizations across various industries. Students are trained in multiple disciplines, including operations research, operations management, and economics.
PhD in Technology and Operations Management Overview
- Program Length: 5 years
- Acceptance Rate: 4%
- Tuition and Fees: $46,200/year
- PhD Funding Opportunities: The program is fully funded for five years
PhD in Technology and Operations Management Admission Requirements
- Online application form
- Resume
- Statement of purpose
- Transcripts
- GMAT/GRE scores
- 3 letters of recommendation
- $105 application fee
- Writing sample (optional, not more than 10 pages)
- TOEFL/IELTS scores (non-native English speakers)
New York University | New York City, NY
Founded in 1831, New York University is one of the most prominent research universities in the world. NYU is home to more than 65,000 students and undertakes nearly $1 billion in research every year. In 2021, it had 18,300 graduate and professional students enrolled in its degree programs.
PhD in Operations Management
New York University’s PhD in Operations Management is offered through the Leonard N. Stern School of Business. Doctoral students will have sufficient training in operations management and operations research and take core courses in optimization theory, stochastic processes, and data science.
PhD in Operations Management Overview
- Program Length: 5 years
- Acceptance Rate: N/A
- Tuition and Fees: Fully funded, except for a small portion of registration fees (currently $275/semester)
- PhD Funding Opportunities: NYU Stern PhD programs are fully funded, The Fred Renwick Doctoral Fellowship Program
PhD in Operations Management Admission Requirements
- Online application
- Statement of purpose
- Essay (optional)
- Resume/CV
- Letters of recommendation
- GRE (preferred)/GMAT scores
- Official transcripts for the institutions included in your online application
- Application fee of $100
Northwestern University | Evanston, IL
Northwestern University is a research university that is home to more than 50 university research centers and 90 school-based centers. It has a total of $893 million in annual research awards in various areas such as neuroscience, nanotechnology, biotechnology, and drug discovery.
PhD in Operations Management
The PhD in Operations Management at Northwestern University is offered through the Kellogg School of Management. Students will be trained to evaluate strategic issues when it comes to operations design and the tactical problems of executing processes so that they can be successful in both business and engineering.
PhD in Operations Management Overview
- Program Length: Approximately 5.5 years
- Acceptance Rate: 13%
- Tuition: $18,689/quarter
- PhD Funding Opportunities: The PhD program is fully funded for five years, teaching and research assistantships, tuition scholarships
PhD in Operations Management Admission Requirements
- Bachelor’s degree from a regionally accredited institution
- Statement of purpose
- Transcripts from each school you attended
- “Courses Taken” form
- Resume/CV
- 3 letters of recommendation
- GRE/GMAT scores
- Application fee of $95
- TOEFL/IELTS (international applicants)
University of South Carolina | Columbia, SC
Founded in 1801, the University of South Carolina is an innovative, inclusive public institution that continues to be recognized as one of the finest research universities in the nation. In 2021, it had 35,388 students enrolled, with 6,726 graduate students and 1,881 professional students. It is recognized by the Carnegie Foundation as an R1 “very high research activity” institution.
PhD in Production/Operations Management
The PhD in Production/Operations Management at the University of South Carolina prepares students for careers in university teaching and research. It is offered through the Darla Moore School of Business and is designed for students or product managers who want to pursue an academic career in research, business, and government.
PhD in Production/Operations Management Overview
- Program Length: 5 years
- Acceptance Rate: N/A
- Tuition and Fees: $6,867/semester (full time, in state), $572.25/credit (part time, in state); $14,880/semester (full time, out of state), $1,240/credit (part time, out of state)
- PhD Funding Opportunities: 100% tuition coverage for all courses approved on the student’s Program of Study, plus graduate assistantships, PhD Scholars Program, UofSC Rising Star Fellowship program
PhD in Production/Operations Management Admission Requirements
- Online application
- Application fee of $100
- Transcripts
- GMAT/GRE scores
- TOEFL/IELTS/PTEA
- Statement of purpose
- At least 2 letters of recommendation
The University of Texas at Austin | Austin, TX
The University of Texas at Austin is home to over 52,000 students and 3,000 teaching faculty. It offers programs across its 18 colleges and schools. The university has continuously proved itself as a vital component of the state through its leading research, which attracts more than $650 million in funding annually.
PhD in Information, Risk, and Operations Management
The University of Texas at Austin’s PhD in Information, Risk, and Operations Management under the McCombs School of Business focuses on business applications. Students can choose to specialize in data science, information systems, operations management, or statistics. Students in operations management are trained to use analytical and empirical methods for strategic operational issues.
PhD in Information, Risk, and Operations Management Overview
- Program Length: 4-6 years
- Acceptance Rate: N/A
- Tuition and Fees: See school’s tuition tables
- PhD Funding Opportunities: Teaching assistantships, research assistantships, fellowships, special grants, assistant instructor appointment, federal loans
PhD in Information, Risk, and Operations Management Admission Requirements
- GRE/GMAT test scores
- Bachelor’s degree
- 3.0 GPA
- Letters of reference
- Personal statements
- Application fee of $65 (US residents)/$90 (International)
- Resume
- Department application form
- TOEFL/IELTS (non-native English speakers)
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Can You Get a PhD in Product Management Online?
Yes, you can get a PhD in Product Management online. Various schools offer this doctoral degree online, such as Capitol Technology University, Indiana State University, Walden University, Sullivan University, and Bellevue University.
Best Online PhD Programs in Product Management
| School | Program | Length |
|---|---|---|
| Bellevue University | PhD in Business Administration | 3 years |
| Capitol Technology University | PhD in Product Management | 2-3 years |
| Indiana State University | PhD in Technology Management | 4.5 years |
| Sullivan University | PhD in Management | 2 years |
| Walden University | PhD in Management | 2-3 years |
How Long Does It Take to Get a PhD in Product Management?
In general, it takes four to five years to complete a PhD in Product Management. However, this can vary based on the program you choose and whether it is a full-time or part-time program. Your specific school and program may also have requirements regarding how long it takes to complete your degree.
Most people who complete a PhD in Product Management program choose to do so through full-time study over four years, but it is possible to do it part-time over six years. This includes time spent completing coursework, conducting research, writing papers, and preparing for your qualifying exam and dissertation defense.
Is a PhD in Product Management Hard?
Yes, a PhD in Product Management is hard. The requirements for admission to the program are numerous and include a bachelor’s degree from an accredited university, letters of recommendation, a statement of purpose, and standardized test scores. Schools offering PhD programs in product management are very selective and only accept a handful of students.
The program itself requires rigorous training and a significant commitment from students. Students will have to complete unique research on a topic related to their field of study, which requires a lot of focus and time because conducting experiments and analyzing data sets is required.
How Much Does It Cost to Get a PhD in Product Management?
It costs an average of $19,314 per year in tuition and fees to get a PhD in Product Management, according to the National Center for Education Statistics. However, this number will depend on the grad school you attend. A PhD in Product Management offered by public schools typically costs $12,171 per year, while private institutions’ annual tuition and fees average $25,929.
How to Pay for a PhD in Product Management: PhD Funding Options
The PhD funding options that students can use to pay for a PhD in Product Management include teaching and research assistantships, tuition scholarships, fellowship programs, or loans. Many universities offer full tuition and fees funding for part or all of the PhD program, and sometimes even cover students’ housing costs.
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What Is the Difference Between a Product Management Master’s Degree and PhD?
The difference between a product management master’s degree and a PhD is the education offered and the career options available for students after graduation. Graduates of both programs will have the opportunity for a successful career in product management in the corporate world, with additional opportunities in academia for PhD holders.
A Master’s Degree in Product Management is intended for those seeking a career outside of academia. Graduates can become product managers and will have a considerable advantage in the job market.
A PhD in Product Management does not necessarily prepare students for a product manager role. It focuses on the experimental methods for the product development process, managing innovative products, and other strategic operations. The program will prepare you for a research or teaching career through independent study.
Master’s vs PhD in Product Management Job Outlook
Master’s Degrees and PhDs in Product Management will help you gain a competitive edge in the job market. Those with a master’s degree can find jobs as product managers, economists, and instructional coordinators in different industries.
Those with a PhD in Product Management can land top executive roles, such as business managers, in which they will develop strategies and oversee budgets. However, most PhD graduates in product management have positions in the academic world as professors. You can also become a researcher for various industries and organizations.
Difference in Salary for Product Management Master’s vs PhD
A doctorate holder in product management can expect to earn about $121,000 annually, according to PayScale. Jobs for these graduates include chief executive officer, vice president of operations, and director of a department or team. Meanwhile, students who graduate with a product development master’s degree earn an average of $94,000 a year and work in positions such as senior manager or program manager.
Related Product Management Degrees
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Why You Should Get a PhD in Product Management
You should get a PhD in Product Management because you will gain a competitive edge to become a leader in the field of product management. This advanced degree will help your career, especially if you want to switch from the corporate world to the academic world. Below are five reasons why you should get a PhD in Product Management.
Reasons for Getting a PhD in Product Management
- Develop your critical thinking capabilities. The vast amount of research involved in earning a PhD in Product Management will help you think independently and intensively. A PhD encourages active learning so that you can apply new and exciting methods and solutions for organizations.
- Hone your skills and expertise. A PhD in Product Management will teach you new skills and strategies for managing and developing products. This includes new and advanced statistical methods for analyzing relevant factors such as consumer behavior in order to build strong market strategies.
- Become a scholar-practitioner. A PhD will help give you the authority and confidence to become a leader in your field. This may happen through writing a doctoral dissertation and other research-based articles and getting them published in academic journals and being invited to present at academic conferences.
- Access higher salaries. Becoming more skilled and knowledgeable in your field will bring you more opportunities for a higher salary. Many businesses do not hesitate to pay higher wages to individuals with postgraduate degrees, and you can be confident in asking for better compensation too.
Getting a PhD in Product Management: Product Management PhD Coursework
Getting a PhD in Product Management requires rigorous training and coursework. Doctoral degree programs require that students take advanced core courses and electives. Aside from this, some schools will require you to attend doctoral seminars and conferences. Below are some of the more common requirements when pursuing a PhD in Product Management.
Research Writing
For many students, their thesis or dissertation will be the most taxing, complex piece of writing they ever undertake. Through a focus on the mechanics of writing, with tips for research-based papers, this course helps students turn months’ or even years’ worth of research into a compelling piece of writing ready for publication.
Stochastic Foundations
This course teaches stochastic foundations and processes for application in the business field. Students learn about various modeling concepts for financial investments. They are trained in completing competitive analyses of queuing systems and other analysis processes to help business stakeholders make sound decisions.
Advanced Optimization
The advanced optimization course will help students gain an extensive array of optimization techniques for complex decision-making and problem-solving. Students will be using modeling concepts and applications of linear, nonlinear, and dynamic programming models.
Economics or Microeconomics
Economics or microeconomics will help product managers analyze the relationship between businesses and the markets with which they interact. This course trains PhD students in consumer psychology and psychological processes so that businesses and internal stakeholders can make informed decisions regarding the innovation of their products or services.
Dynamic Programming
This course teaches PhD students how to simplify decision-making regarding complex problems by turning them into a series of smaller, simpler problems. Students will study examples that follow a general optimization framework and then think creatively to apply that framework to other problems affecting businesses.
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How to Get a PhD in Product Management: Doctoral Program Requirements
In order to get a PhD in Product Management, you have to satisfy all of the doctoral program requirements. Many PhD programs are fully funded but require you to maintain good academic standing. You will also be required to complete advanced coursework, teach at the undergraduate level, take a comprehensive exam, conduct original research, and write and defend a thesis.
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Good Academic Standing
Doctoral students are expected to maintain a minimum grade point average in order to remain in good academic standing and receive program funding. You also have to complete all coursework, both courses core and electives, and other degree requirements by the deadlines provided.
Teaching Requirement
Doctoral students are often required to serve as teaching or research assistants while pursuing their PhD in Product Management. Most postgraduate students are preparing for an academic career, and this requirement provides great training to help them learn the teaching skills they will need.
Comprehensive Examination
Students will be required to take a comprehensive exam once they have completed the core coursework in product management. The exam will focus on course content and will measure students’ overall knowledge of the field.
Research Paper
Some programs, like the one at Northwestern University, require the submission of a research paper before the dissertation. You will be responsible for consulting with an advisor throughout the process who will also approve the paper. This will help prepare you to write your dissertation.
Dissertation Proposal
You will be required to present a thesis or dissertation proposal usually by the end of your third year. This is the first step to publishing an original and significant piece of research, which is one of the most important requirements of a PhD program in product management.
Thesis for PhD in Product Management
The most important requirement in order to get a PhD in Product Management is a thesis or dissertation. This is a publishable research paper that requires the approval of the department. You will have to successfully defend your thesis in an oral exam.
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Potential Careers With a Product Management Degree
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PhD in Product Management Salary and Job Outlook
With a PhD in Product Management you have a good chance of making a six-figure salary shortly after graduating. The degree also gives you access to the highest-ranking jobs in a company, like CEO, with an average salary of $179,520, according to PayScale. The job outlook is also good for doctoral degree holders in this field, with higher-than-average growth expected for most positions.
What Can You Do With a PhD in Product Management?
With a PhD in Product Management, you can have a successful career in the academic world or in business. You can become a scholar or professor or a product manager or top executive in various industries. Below are the best jobs for those with a PhD in Product Management.
Best Jobs with a PhD in Product Management
- Chief Executive Officer
- Finance Manager
- Economist
- Professor
- Researcher
What Is the Average Salary for a PhD in Product Management?
The average salary for a PhD in Product Management is $121,000, according to PayScale. You can work as a professor or researcher in the academic world, or you can pursue high-paying jobs in the industry like chief executive officer, economist, or financial manager.
Highest-Paying Product Management Jobs for PhD Grads
| Product Management PhD Jobs | Average Salary |
|---|---|
| Chief Executive Officer | $179,520 |
| Financial Manager | $131,710 |
| Economist | $105,630 |
| Social Scientist | $80,890 |
| Professor | $79,640 |
Best Product Management Jobs with a Doctorate
The best product management jobs with a doctorate are high paying. While some of these jobs do not necessarily demand that someone have a PhD, getting one will open many more doors of opportunity. Below are five of the highest-paying jobs in product management and related fields.
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Chief Executive Officer | PhD Salary: $179,520
The chief executive officer (CEO) of a company is the highest-ranking executive in the organization. The CEO is responsible for managing company operations and serves as a spokesperson for the company. They represent the interests of stakeholders to outside parties such as investors and customers.
- Salary with a Product Management PhD: $179,520
- Job Outlook: 8% job growth from 2020 to 2030
- Number of Jobs: 247,100
- Highest-Paying States: District of Columbia, Hawaii, Washington, South Dakota, Massachusetts
Financial Manager | PhD Salary: $131,710
Financial managers control the finances of a business or organization. They are responsible for analyzing data and advising senior managers on certain company decisions such as ways to maximize profits. They are often known as advisors to top executives, who rely on them for advice on how to spend company funds.
- Salary with a Product Management PhD: $131,710
- Job Outlook: 17% job growth from 2020 to 2030
- Number of Jobs: 64,200
- Highest-Paying States: New York, Delaware, New Jersey, Colorado, District of Columbia
Economist | PhD Salary: $105,630
Economists study and analyze the production, distribution, and consumption of goods and services. Economists research economic issues for businesses, governments, and individuals. They may also be called upon to conduct surveys and collect data, analyze data using mathematical models, statistical techniques, and software, and make policy recommendations.
- Salary with a Product Management PhD: $105,630
- Job Outlook: 13% job growth from 2020 to 2030
- Number of Jobs: 1,600
- Highest-Paying States: New York, District of Columbia, California, New Hampshire, Illinois
Social Scientist | PhD Salary: $80,890
Social scientists can work for a variety of different companies and educational or governmental institutions. The goal of their work is to discover new information about the way humans behave. They analyze data using software and summarize it using tables, graphs, and factsheets.
- Salary with a Product Management PhD: $80,890
- Job Outlook: 4% job growth from 2020 to 2030
- Number of Jobs: 1,200
- Highest-Paying States: District of Columbia, Maryland, New York, Idaho, Iowa
Professor | PhD Salary: $79,640
Professors are typically employed by colleges, universities, and other institutions of higher education. They instruct students in a variety of academic subjects beyond high school, and they may also conduct research and publish papers based on their findings.
- Salary with a Product Management PhD: $79,640
- Job Outlook: 12% job growth from 2020 to 2030
- Number of Jobs: 139,600
- Highest-Paying States: California, Rhode Island, New Hampshire, New York, Maryland
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Is a PhD in Product Management Worth It?
Yes, a PhD in Product Management is worth it. A Doctoral Degree in Product Management is a great investment for professionals who want to become product managers. You will learn and practice new skills, which will help you get ahead in your field. In addition, having a PhD can help open the door to careers in research or in teaching at the postsecondary level.
Pursuing this degree requires a lot of hard work and dedication on your part, which means that by the time you finish, you will be prepared to take on leadership roles in product management within your company or organization.
A PhD in Product Management will also give you more opportunities for employment than someone without one. You will likely be able to earn more money with this advanced degree because employers will be willing to pay more for someone with such extensive experience and knowledge in their field.
Additional Reading About Product Management
[query_class_embed] https://careerkarma.com/careers/product-management/ https://careerkarma.com/blog/how-to-get-a-job-in-product-management/ https://careerkarma.com/blog/how-to-become-a-product-manager/
PhD in Product Management FAQ
No, it is not necessary to get a master’s degree before pursuing a PhD in Product Management. However, earning a master’s degree first could give you a chance to finish the PhD faster if the school allows you to apply some of the credits you earned during your master’s program toward the PhD.
Many product managers work in tech companies. Some of the top companies hiring product managers are Google, Adobe, Microsoft, and Cisco Systems.
Yes, product management is a good career path. According to Glassdoor, product manager is one of the top 10 jobs for 2022. It scores a four-out-of-five job satisfaction rate, which makes it a very rewarding career.
Earning a PhD will help you gain effective problem-solving skills along with very extensive research skills. You will also become familiar with advanced marketing and finance skills and knowledge, which is beneficial if you wish to become a product owner or do other product management for a business organization.
The post Best Doctorates in Product Management: Top PhD Programs, Career Paths, and Salaries appeared first on Career Karma.
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Yen Cantiga
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