A Doctor of Business Administration (DBA) is equivalent to a PhD in Business Administration in terms of academic standing but differs in focus. While a PhD emphasizes theoretical research and contributes to scholarly knowledge, a DBA focuses on practical application and solving real-world business problems. Both degrees are terminal and prestigious, preparing candidates for leadership roles in academia, research, or high-level industry positions. However, the DBA is designed for experienced professionals seeking to enhance their managerial expertise, whereas the PhD caters to those pursuing a career in teaching and academic research.