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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.
As stated above, the PhD can take up to 8 years, with the average time being around 5 years. But it does vary considerably depending on a lot of factors (subject, research, supervisor, funding, problems...). As of 2007, the average length for a PhD was 8.2 years.