<p>Most people who get a PhD in business do so because they plan to either teach at a university or do research (or do both). Generally, the PhD is not a business degree you see in the corporate world very much.</p>
<p>P.S. I see I had a typo in my post #9 above. I wrote that “executive compensation averaged 35 times an average employee’s compensation back in 2007”. In reality, executive compensation averaged 275 times an average employee’s compensation back in 2007–up from about 24 times an average exployee’s pay in 1965. This is from a study done by Earl Wysong of Indiana University and two other research collegues and published in the UK journal, The Economist.</p>