PhD in Business Administration with Emphasis in Business

About the Doctorate in Business Administration

The PhD program is designed to prepare graduates for careers as effective university researchers and teachers or for senior research positions in business or government. A primary objective of the program is to train PhD candidates to become proficient researchers. Therefore, course work involves research activities such as literature review and critique, theoretical modeling, research design, computer-assisted empirical analysis and preparation of proposals and research papers. Another objective is to train students to become high-quality teachers. PhD candidates are provided the opportunity to teach undergraduate courses in their specialty area. In addition, students are expected to participate in national and regional academic conferences and are encouraged to work with faculty in developing individual research and teaching skills.  The PhD in Business Administration offers three concentration areas: Finance, Management and Marketing. (Concentrations will not appear on diplomas or transcripts.)

Degree Requirements - all PhD students

1. Before enrolling in concentration area courses, all PhD students in Business Administration must take (or be able to have waived) the below general courses.  Students with an MBA typically will have these requirements waived.

ACCTCY 7310Accounting for Managers3
FINANC 7440Managerial Finance3
MRKTNG 7460Managerial Marketing3
ECONOM 7332Microeconomics for Managers3
And one of the following:3
Organizational Behavior and Management: The Individual
Strategic Human Resource Management
Organizational Design
Total Credits15

2. An in-depth major concentration in the area of finance, management (organizational sciences) or marketing (minimum of 15 hours of 8000/9000-level courses).

3. Two support areas of at least nine credit hours each, one of which must be taken outside the School of Business, or one support area of at least 12 credit hours. These supporting areas offer the student considerable latitude in identifying a course of study that can be tailored to the individual’s interests and goals. If two support areas are selected, the student must also satisfy a 12-hour analytical tool requirement; if one support area is selected, the analytical tool requirement is 18 hours.

4. Collateral requirements emphasizing analytical tools (proficiency in a foreign language does not fulfill the collateral requirements). This is a research methods and analyses sequence of at least 12 hours (at least 18 if only one support area), including appropriate courses in economics, mathematics, psychology, sociology, statistics or other areas deemed appropriate by the program committee.

5. An ongoing seminar experience (each semester until successful completion of comprehensive examinations) that acquaints the student with current literature and research in his/her major area of interest. This seminar is in addition to other seminars offered departmentally (4 hours minimum).

6. Dissertation (minimum 12 hours of 9090 credit).

These requirements are independent of one another; courses taken to satisfy one requirement may not be used to satisfy any other requirement. Previous graduate work taken before admission to the PhD program may be used to satisfy these requirements if it is deemed appropriate by the student’s program committee.

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Concentration in Finance

The PhD program with a concentration in Finance emphasizes university level research and teaching skills.  The program of study is flexible to meet individual needs and interests, but all students take advanced classes in Finance, Economics, and Statistics.  Students admitted on a full-time basis normally work as research or teaching assistants.

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Degree Requirements - Finance Concentration

Prerequisites typically needed for Finance program of study:
ECONOM 7351Intermediate Microeconomics3
MATH 1500Analytic Geometry and Calculus I5
MATH 1700Calculus II5
STAT 2500Introduction to Probability and Statistics I3
Required courses:
FINANC 9100Seminar in Corporate Finance3
FINANC 9200Research in Corporate Finance3
FINANC 9300Financial Economics3
FINANC 9400Seminar in Investment Analysis3
FINANC 9001Advanced Topics in Finance3
FINANC 9101Topics Seminar in Finance (taken for 1 credt hour each semester while taking other course work)1-3
ECONOM 7370Quantitative Economics3
ECONOM 8451Microeconomic Theory3
ECONOM 8472Econometric Methods I3
ECONOM 9473Econometric Theory II3
ECONOM 9452Advanced Microeconomic Theory II3
STAT 7510Applied Statistical Models I3
or MATH 7140 Matrix Theory
STAT 7750Introduction to Probability Theory3
STAT 7760Statistical Inference3

Support Areas - Finance Concentration

PhD students must complete either two 9-hour Support Areas or one 12-hour Support Area to complement advanced training in Finance.  Successful completion of a Support Area may require a written examination covering course work applied to the Support Area.  At least one Support Area must come from outside the College of Business.  Most students choose Support Areas in Microeconomics and Statistics resembling the following examples:

Example support area in Microeconomics:
ECONOM 7370Quantitative Economics3
ECONOM 8451Microeconomic Theory3
ECONOM 9452Advanced Microeconomic Theory II3
Example support area in Statistics:
STAT 7510Applied Statistical Models I3
STAT 7750Introduction to Probability Theory3
STAT 7760Statistical Inference3

Collateral Area - Finance Concentration

PhD students must complete a 12-hour Collateral Area (if completing two 9-hour Support Areas) or an 18-hour Collateral Area (if completing one 12-hour Support Area) selected in cooperation with a student's program committee.  Coursework applied to a Support Area cannot be applied to a Collateral Area.  Recommended is a Collateral Area in Accounting, Econometrics, Economics, Mathematics, Statistics, or Corporate Law.   Some representative examples include:

Example collateral area in Econometrics:
ECONOM 8472Econometric Methods I3
ECONOM 9473Econometric Theory II3
ECONOM 9476Advanced Topics in Econometrics II3
Example collateral area in Economics:
ECONOM 8451Microeconomic Theory3
ECONOM 9452Advanced Microeconomic Theory II3
Example collateral area in Corporate Law:
LAW 5395Business Organizations1-4
LAW 5460Corporate Finance1-3
LAW 5365Bankruptcy1-3
LAW 5470Criminal Clinic1-5
Example collateral area in Statistics:
STAT 7210Applied Nonparametric Methods3
STAT 7750Introduction to Probability Theory3
STAT 7760Statistical Inference3
STAT 7850Introduction to Stochastic Processes3

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Concentration in Management

PhD students with a concentration in Management is designed to provide students with a sound foundation for a productive career as an academic in management.  Students typically work as research or teaching assistants.

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Degree Requirements - Management Concentration

Required courses:
MANGMT 9040Seminar in Human Resource Management3
MANGMT 9080Seminar in Entrepreneurship3
MANGMT 9020Seminar in Micro Organizational Behavior3
or MANGMT 9030 Seminar in Macro Organizational Behavior
MANGMT 9060Seminar in Corporate Strategy3
MANGMT 9101Topics Seminar in Management (minimum of 4 credit hours)1
MANGMT 9090Research in Management (minimum of 12 credit hours)1-99

Support Areas - Management Concentration

PhD students must complete either two 9-hour Support Areas or one 12-hour Support Area.  Support Areas are tailored to the research and teaching goals of the PhD candidate.  Programs are highly individualized to reflect student interests and desired focus.  The combination of courses in any Support Area and in the concentration core is flexible, with numerous combinations possible.  Program design is subject to the approval of the student's program committee.  Typical Support Areas include psychology, finance/economics, research methods and statistics, career development, sociology, marketing, and communication. Listed below are examples of Support Areas that could be selected:

Example support area in Social Psychology:
PSYCH 7340Attitude Change3
PSYCH 8310Survey of Social Psychology3
PSYCH 8610Motivation3
PSYCH 8620Personality Psychology3
PSYCH 9350Studies in Social Psychology1-99
Example support area in Finance/Economics:
FINANC 8440Financing Multinational Business1-3
FINANC 9100Seminar in Corporate Finance3
ECONOM 7355Industrial Organization and Competitive Strategy3
ECONOM 8451Microeconomic Theory3
Example support area in Research Methods and Statistics:
MRKTNG 9030Seminar in Applied Multivariate Analysis in Marketing1-3
PSYCH 9330Field Research Methods3
PSYCH 9725The Literature Review3
SOCIOL 8120The Logic of Social Research3
SOCIOL 9287Seminar in Qualitative Methods in Sociology3
STAT 7310Sampling Techniques3
STAT 7830Categorical Data Analysis3
STAT 7870Time Series Analysis3
Example support area in Communication
COMMUN 8410Seminar in Organizational Communication Theory3
COMMUN 8420Seminar in Small Group Communication3
COMMUN 9430Topics in Organizational Communication (Socialization)3
COMMUN 9430Topics in Organizational Communication (Power)3
Example support area in Career Development
ESC_PS 8135Foundations of Career Psychology3
ESC_PS 8400Analysis of Research in Career Psychology3
ESC_PS 8990Career Development Theory for Women3

Research Methods & Analysis (RM&A) Area - Management Concentration

PhD students must complete a 12-hour RM&A Area (if completing two 9-hour Support Areas) or an 18-hour RM&A Area (if completing one 12-hour Support Area).  These courses, selected in cooperation with a student's program committee, will provide students with the tools and techniques necessary for conducting empirical research.  Coursework applied to a Support Area cannot be applied to a Collateral Area.  Recommended is a Collateral Area in Accounting, Econometrics, Economics, Mathematics, Statistics, or Corporate Law.   Sample courses include:

PSYCH 8710General Linear Models in Psychology I4
PSYCH 8720General Linear Models in Psychology II4
PSYCH 9320Social Psychology Methodology3
PSYCH 9520Psychometrics3
PSYCH 9710Multivariate Statistics in Psychology3
PSYCH 9720Latent Variable Models in Statistical Analysis3
STAT 7210Applied Nonparametric Methods3
STAT 7510Applied Statistical Models I3
STAT 7530Analysis of Variance3

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Sample Plan of Study - Management Concentration

First Year
FallCreditsSpringCreditsSummerCredits
PSYCH 87104PSYCH 87204Support Area 1 Course#2 
MANGMT 90871-99MANGMT 90871-99 
MANGMT 9087 (Research Methodology)1-99Support Area 1 Course #1  
MANGMT 91011MANGMT 91011 
 7-203 6-104 0
Second Year
FallCreditsSpringCreditsSummerCredits
MANGMT 90871-99MANGMT 90871-99Research Experience 
PSYCH 97103Support Area 1 Course #4 Comprehensive Exam Preparation 
MANGMT 90871-99SOCIOL 92873 
Support Area 1 Course #3 PSYCH 97253 
MANGMT 91011MANGMT 91011 
 6-202 8-106 0
Third Year
FallCreditsSpringCredits 
Comprehensive Examination MANGMT 9090 (Dissertation)1-99 
MANGMT 9090 (Dissertation)1-99  
 1-99 1-99  
Fourth Year
FallCreditsSpringCredits 
MANGMT 9090 (Dissertation)1-99MANGMT 9090 (Dissertation)1-99 
 1-99 1-99  
Total Credits: 31-1011

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Concentration in Marketing

Students with an interest in behavioral, strategic, or methodological issues marketing are a great fit for this program.  It emphasizes the development of research and teaching skills needed to pursue career placement at a research-oriented university.  The program is flexible to meet individual  needs and interests and graduates annually well-situated professionals prepared for the market.  In addition, the program offers small class sizes, a set of doctoral specific seminars, and a collaborative environment.  Students develop research skills by working with faculty on research projects and from faculty mentoring.  Students also gain valuable experience by teaching undergraduate courses.

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Degree Requirements - Marketing Concentration

Prerequisites typically needed for Marketing Concentration
MATH 1320Elements of Calculus3
STAT 1400Elementary Statistics for Life Sciences3
Required courses:
MRKTNG 9020Seminar in Advanced Research Methods in Marketing3
MRKTNG 9210Seminar in Marketing Strategy3
MRKTNG 9220Seminar Marketing Models3
MRKTNG 9230Seminar in Consumer Behavior3
Electives (minimum of 3 credits):
MRKTNG 9185Doctoral Independent Study in Marketing3
MRKTNG 9101Current Topics Seminar in Marketing (taken each fall and spring while in residence at MU)1
MRKTNG 9090Research in Marketing (Dissertation - minimum of 12 hours with at least 2 hours each fall and spring and 1 hour each summer semester)12

Support Areas - Marketing Concentration

PhD students must complete either two 9-hour Support Areas or one 12-hour Support Area.  Support Areas should be selected to provide depth in theory and research appropriate for the particular research interests of the student.  Typical Support Areas for students concentrating in marketing are social psychology, organizational behavior, economics, and statistics, but other areas may be appropriate.  Below are examples:

Example support area in Psychology/Social Psychology:
PSYCH 7340Attitude Change3
PSYCH 8310Survey of Social Psychology3
PSYCH 8610Motivation3
PSYCH 9310Theories of Social Psychology3
PSYCH 9360Seminar in Social Psychology1
Example support area in Organizational Behavior:
MANGMT 9087Seminar in Management (Human Resource Management)1-99
MANGMT 9087Seminar in Management (Organizational Behavior I)1-99
MANGMT 9087Seminar in Management (Organizational Behavior II)1-99
MANGMT 9087Seminar in Management (Strategic Management I)1-99
MANGMT 9087Seminar in Management (Organizational Theory)1-99
SOCIOL 7487Seminar in Sociology of Organizations3
Example support area in Economics:
ECONOM 7340Introduction to Game Theory3
ECONOM 7351Intermediate Microeconomics3
ECONOM 8451Microeconomic Theory3
ECONOM 8470Dynamic Optimization3
ECONOM 8472Econometric Methods I3
ECONOM 9452Advanced Microeconomic Theory II3
ECONOM 9471Advanced Game Theory3
ECONOM 9473Econometric Theory II3
Example support area in Statistics:
STAT 7530Analysis of Variance3
STAT 7750Introduction to Probability Theory3
STAT 7760Statistical Inference3
STAT 7830Categorical Data Analysis3
STAT 7850Introduction to Stochastic Processes3
STAT 8640Bayesian Analysis I3
STAT 9710Advanced Mathematical Statistics I3
STAT 9720Advanced Mathematical Statistics II3
ECONOM 8472Econometric Methods I3
ECONOM 9473Econometric Theory II3

Analytical Tools - Marketing Concentration

Courses in research methods and statistics are required to provide each doctoral student with a sound foundation in research skills.  The requirement includes a minimum of 12 hours for students with two support areas, or 18 hours for students with one support area.  Students often take additional analytical tool courses beyond the minimum in order to develop depth of knowledge in tools required for their specific research interests.  Coursework in multiple regression, analysis of variance, and multivariate statistics is required.

Example analytical tools courses:
MRKTNG 9010Introduction to Research Methods in Marketing1-3
MRKTNG 9030Seminar in Applied Multivariate Analysis in Marketing1-3
ECONOM 7340Introduction to Game Theory3
ECONOM 7351Intermediate Microeconomics3
ECONOM 8470Dynamic Optimization3
ECONOM 8472Econometric Methods I3
ECONOM 9473Econometric Theory II3
PSYCH 8710General Linear Models in Psychology I4
PSYCH 8720General Linear Models in Psychology II4
PSYCH 9320Social Psychology Methodology3
PSYCH 9330Field Research Methods3
PSYCH 9520Psychometrics3
PSYCH 9710Multivariate Statistics in Psychology3
PSYCH 9725The Literature Review3
SOCIOL 7120Social Statistics3
SOCIOL 8130Advanced Social Statistics3
SOCIOL 8120The Logic of Social Research3
SOCIOL 9287Seminar in Qualitative Methods in Sociology3
SOCIOL 9837Seminar in Multivariate Analysis Techniques3
STAT 7210Applied Nonparametric Methods3
STAT 7310Sampling Techniques3
STAT 7510Applied Statistical Models I3
STAT 7530Analysis of Variance3
STAT 7540Experimental Design3
STAT 7750Introduction to Probability Theory3
STAT 7760Statistical Inference3
STAT 7830Categorical Data Analysis3
STAT 7850Introduction to Stochastic Processes3
STAT 8640Bayesian Analysis I3
STAT 9710Advanced Mathematical Statistics I3
STAT 9720Advanced Mathematical Statistics II3

Marketing PhD Seminars

MRKTNG 9010Introduction to Research Methods in Marketing1-3
MRKTNG 9020Seminar in Advanced Research Methods in Marketing1-3
MRKTNG 9030Seminar in Applied Multivariate Analysis in Marketing1-3
MRKTNG 9210Seminar in Marketing Strategy1-3
MRKTNG 9220Seminar Marketing Models1-3
MRKTNG 9230Seminar in Consumer Behavior1-3

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All Concentrations

Qualifying Process

Program Committee

During the first semester of course work, the PhD Coordinator, a member of the doctoral faculty from the major area of study (finance, management or marketing), serves as the student’s faculty advisor.

By the end of the first year of course work, a student should make formal application for the doctoral degree and, after consultation with faculty, request appointment of a Doctoral Program Committee. This committee consists of at least three members from the student’s major area of study and at least one member from each supporting area of study.

The Doctoral Program Committee conducts the qualifying examination and works with the student to design a plan of study.

Residency Requirement

In compliance with University regulations, the doctor of philosophy degree requires the completion of 72 semester hours of graduate work beyond the baccalaureate degree. Within the credit-hour requirement is the residency requirement. To satisfy the residency requirement, a student must complete at least 2 9-hour semesters or 3 6-hour semesters in an 18-month period at MU. All courses taken to satisfy the residency requirement must be MU courses approved for graduate credit and approved by the student’s doctoral program committee. Correspondence and off-campus courses may not be counted toward the residency requirement. This program is designed for full-time students and typically requires a 4-year on-campus commitment.

Qualifying Examination and First-Year Project

Every marketing doctoral student is required to pass the qualifying exam consisting of two major components. The first component is a comprehensive evaluation of overall performance in coursework and RA assignments and participation in formal and informal doctoral program elements. The second component is a first-year project addressing a scholarly research topic in marketing consisting of three major parts: a written outline, presentation, and paper suitable for submission to a conference or journal. The goal of this project is to promote early research engagement, interaction with faculty, and the development of communication and presentation skills that will enhance the overall experience of the student throughout the doctoral program. 

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Comprehensive Examination Process

Typically, after completion of the course work specified on the plan of study, the student’s doctoral program committee determines the student’s readiness to undertake the comprehensive examination. The student must be enrolled at MU the semester s/he takes this examination.

The comprehensive examination consists of written and oral sections. Both sections must be completed within one month of each other, and at least seven months before a final dissertation defense. Successful completion of the comprehensive examination requires that the student’s doctoral program committee vote to pass the student on the entire examination, both written and oral sections, with no more than one dissenting or abstaining vote. The student who fails this exam may not take a second comprehensive examination for at least 12 weeks. Failure to pass two successive comprehensive examinations automatically prevents candidacy.

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Dissertation Requirements

A dissertation is required to complete the doctoral program. Each student, working under the supervision of the doctoral program committee chair, must propose an original scholarly research project. The dissertation proposal is normally defended at the end of the third year of the program in an oral presentation. The proposal must be approved formally by the student's program committee. Following completion of the research, the written dissertation must be orally defended and approved by the student's program committee.

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Admissions

grad@missouri.edu
213 Cornell Hall
Columbia, MO 65211
573-882-2750
http://business.missouri.edu/programs-and-admissions/phd

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