Individuals with a Ph.D. create knowledge, individuals with an MS apply knowledge (e.g., created by those with a Ph.D.). A Ph.D. enables an individual to choose and work in the areas and issues that pique his or her interest. An individual with an MS typically works on problems that are important to others (e.g., his or her supervisor). Individuals with a Ph.D. get paid for learning new things, individuals with an MS typically pay to learn new things (e.g., by taking advanced classes). Individuals with a Ph.D. have many more opportunities to teach undergraduate and/or graduate classes.<br><br>MIS faculty teach and research about the application of information systems in organizations. This includes the study of social networks, cloud computing, IT consumerization, virtual reality, negotiation systems, collaboration technologies, office automation, electronic payments, strategic information systems, electronic commerce, collective intelligence, tele-medicine, electronic markets, social media, information requirements analysis, systems development methods, enterprise resource planning systems, systems implementation, adoption, and diffusion, mobile computing, and much more. The information technologies and systems we teach and research transform people's lives, jobs and, for industry after industry, business models, products, supply chains, and distribution channels.