Is it worth it to get a PHd in the business field?

Question

My goal is to get an MBA, but would it be worth the extra 3-5 years to get a PHd? Also, how do you go about getting a PHd? DO you need to qualify? Have work experience?

Answer 1

The only reason to get your doctorate would be if you want to teach at a university and need that qualification.  Otherwise, I don't think the effort and money required to get through a doctorate program would pay off in the business world.