The PhD is a doctoral degree, specifically called a "doctor of philosophy" degree. This is misleading because PhD holders are not necessarily philosophers (unless they earned their degree in philosophy!). That said, PhD recipients are able to engage in thought experiments, reason about problems, and solve problems in sophisticated ways.
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."
The country’s highest level of education is the university level. Students who complete this stage of learning are equipped with skills which help them to handle any job in the market. Vocational skills allow students to get technical knowledge on how to solve problems.
Top Doctoral Programs in Business in Bosnia and Herzegovina 2017
PhD – Doctor of Philosophy Program in Business – a three-year long academic and research oriented program , with 180 ECTS points... [+]
PhD – Doctor of Philosophy Program in Economics and Management – a three-year long academic and research oriented program , with 180 ECTS points... [+]