Doctor of Philosophy

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Comparative value

A Ph.D. does not confer commensurate advantage in every sphere. For example, many commercial organizations regard a professional master's degree, such as an MBA, or professional designation, such as CPA, as the highest level of education that is desirable. Traditional views of the value of academic study in commerce are changing {{inote|MacGillivray, Alex; Potts, Gareth; Raymond, Polly. Secrets of Their Success (London: New Economics Foundation, 2002) pp. 16-19|NEF2002}} but scepticism about the commercial value of a Ph.D. prevails. Medical schools may offer research Ph.D. degrees as part of their M.D. programs, although an M.D. by itself is frequently enough to teach medicine.

Related Topics:
Professional master's degree - MBA - CPA

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