The true definition of leadership is constantly evolving, but one universal quality of an effective leader is the desire to continually learn and improve. Continuing education is extremely important for young leaders looking to grow their mindset and their professional networks. A PhD program is a great way to help upcoming leaders recognize their full potential.
Additionally, the US Census Bureau found that leaders with a PhD earn significantly more than their counterparts with Master’s degrees. That said, some PhD programs are better suited than others when it comes to leadership development. Here are some of the most popular programs for young leaders:
Business Administration PhD
A business admin PhD offers a well-rounded curriculum with a focus on leadership and entrepreneurship. Every business demands the energy, focus and inspiration of a strong leader and a business administration track offers tips in all these areas. Additionally, the Bureau of Labor statistics estimates that job growth in the business and financial sector will grow approximately ten percent in the next decade. Most PhD programs in business administration will come complete with courses like finance, human resources, business law, and marketing. Participants will be asked to think creatively, problem solve, and self-reflect. A PhD in Business Administration is definitely worth the investment when it comes to honing new leadership skills.
Organizational Development PhD
Organizational Development is only recently becoming a popular PhD program, but the discipline is already making a statement when it comes to the leadership table. In fact, a recent study found that 88 percent of top leaders think that developing the future of the organization is a top priority. As the workforce shifts to the Millennial generation, organizational leaders are tasked with attracting, motivating, and retaining top talent and connecting talent initiatives to the business goals. A PhD in Organizational Development will equip leaders with the tools necessary to lead others towards the end goal while also challenging students to assess their own leadership style and values.
A huge part of any effective leadership style is the ability to understand and motivate others. Therefore, leaders must have a general understanding of the human brain and must learn ways to exercise emotional intelligence in their leadership style. A PhD in psychology will offer a broad range of psychological concepts that can assist with the development of a leadership philosophy. Students will explore the foundations of psychology and will learn about how to communicate with broad audiences. There are a variety of tracks in the psych field, but each specialty offers a wealth of information that can assist young leaders in achieving their goals.
These are just three of the many popular PhD programs for young, aspiring leaders. These programs offer an unmatched variety of challenging courses and seminars that can be transitioned and executed in daily leadership tasks. Young leaders will be asked to challenge their preconceptions, dig deep in self-reflection and come out a better overall ambassador. There are so many reasons why strong leadership is important, so if you or someone you know is looking to gain some leadership skills any of these programs would be a great fit!