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Earning a Ph.D. in Business generally takes about four years. Students can find these programs at 4-year universities. The first two years of study usually include completion of core courses such as organizational theory, microeconomics and qualitative and quantitative research methods.
The good news about getting a PhD in business is that B-Schools pay about twice the salary as liberal arts departments. The bad news is that they are extremely hard to get into. The top Finance programs, for example, get between 250-400 applications per year and only accept four or so students.