Thank you. Does this mean it may not be prudent to embark on a PhD if my only goal is to research and teach at a University level?

I have reread my answer and am unable to find the frost referred to or your inference to not bite ankles. I agree that it is ok if you don't want to help.

However, my main questions still remain and to recap the following is what I am interested in learning about:

1. I am looking for some guidance how to go about researching how to shortlist PhD programs in business and most importantly, will I be able to get into an academic career if I am already 40 now and will take a few years to complete PhD.
2. I am also looking to be close to India. So, any geographical advise on where to pursue will be helpful.

Doing a PhD with the sole aim of getting an academic job is a very poor reason in my opinion. The chances of securing a permanent job are so small that you really need a good solid backup plan.

The above made me think that you meant what I referred to. If that's not the case it's fine. Can someone help me on my original question?

So just to clarify are you saying if I wanted to end up being a college professor and researcher it is a bad idea to embark on a PhD because placement is doubtful? What else is the option if I want a career in teaching in Management related areas? When I was doing my MBA it was required to have a PhD to enter as a management school professor.

Anyone?

Hello Folks - To give some background, I am 40, male, Indian, married with two daughters - 4 years old and approx. 1 year old settled in USA awaiting my citizenship before end of 2019. I have an undergraduate degree in Engineering and finished my MBA from the USA in 2004. At that time, I wanted to extend my MBA into a DBA (or) PhD but due to societal pressures had to take up a job and get married and settle down. Fast forward 13 years, and I feel very unsatisfied, saturated in my profession and burnt out. My initial passion for learning and teaching has not gone away. I have acquired assets that can sustain me for some time if I took a hiatus and enrolled in a PhD program. I would like to be somewhere closer to India and complete this in a globally recognized program / country in 3 years. I am looking for some guidance how to go about researching this. I need some help on where to start while looking, how to shortlist programs and most importantly, will I be able to get into an academic career if I am already 40 now and will take a few years to complete PhD. Please help.