Earning a DBA can make a significant difference in your earnings potential. According to the U.S. Bureau of Labor Statistics, employees with doctoral degrees in 2018 made on average $1,825 a week compared to $1,434 for master's graduates. In total, the difference was approximately $20,332 more per year.

Is someone with a DBA a doctor?

A DBA is still a Doctorate in every sense of the word, including earning the title of 'Doctor', but it teaches more everyday skills that can be immediately applied to benefit an organisation. The DBA's business heavy component opens up multiple career options, not just positions as a lecturer or researcher.

Is a PhD better than a DBA?

If you can devote your time to building theory in a specific discipline, the PhD may be your best choice. If you prefer to apply the theories or have a full-time job or other responsibilities, the DBA may suit your lifestyle. The program structure may differ as well.