A PhD is the abbreviation for Doctor of philosophy. This degree is a post graduate program delivered to a high level student researcher who has done deep research in a specific field or subject.
People who earn a PhD in business, economics and administration typically go on to teach in universities or perform statistical research for large organizations. Moreover, anyone with a PhD degree has the right to be addressed as "Dr."
Australia has a subsidized higher education for students pursuing the undergraduate degrees. They also give loan and grants for the post graduate students. Higher learning starts at undergraduate degree level to a doctoral degree offered in any field of study.
Melbourne city has provided Australia with top quality universities and college. The university of Melbourne that was ranked fourth worldwide in 2008 is located in this city. It is also home to Monash University, La Trobe University and many others.
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