In the past, if you were to explore most successful businesses, you would have likely found a "type A", typical bull-headed individual leading the charge for an organization. Change occurred at a slower pace and usually those who had good contacts, and manufactured their products along a rigid business model would do just fine.
However, these days are long past and businesses have been forced to reassess the type of individuals who are needed at the helm of their organizations. Business models need to be constantly re-evaluated for flaws and for areas where the competition has advanced. Employees need to be able to adapt for continuously changing job descriptions and they also need to be able to be heavily relied upon to self-regulate their own changing duties. As a result, business leaders need to know how the work environment affects the nature of the worker.
The list of necessary leadership mental tools and skills is long and growing. PhD programs in business psychology provide students with the skills required to either teach the psychology of successful business leadership to organizations, or to take over the roll themselves. Opportunity for business leaders educated with the fundamentals of psychology is on the rise and shows no signs of slowing down.
What you will learn
Specifically, a PhD program in Business Psychology will provide you with knowledge in the following areas:
PhD in Business Psychology Concepts
- Team performance enhancement
- Issues associated with diversity
- Ethics and legal issues
- Organizational and industrial psychology concepts
- Adult psychopathology
- Techniques of group counseling
- Business relevant statistics and psychometrics
- Research methodology and design
- Objective personality assessments
- Market research issues & methodology
- Human creativity, team synergy and breakthrough thinking
- Leadership development
- Business workplace culture and consequential performance
Below is a table created by May of 2014 Occupational Employment Statistics from the Bureau of Labor and Statistics (BLS)1:
|Career||Median Salary||Average of top 10%|
|Training & Development Managers||$111,030||$178,360|
|Human Resources Managers||$114,140||$183,590|
Bureau of Labor and Statistics