For those interested in business, holding Ph.D.’s in the subject, and possessing some experience, a career as a business professor may be more interesting than one actually in the field of business itself. In a tough economic climate, the world of teaching may be more lucrative and safe as a career choice, too. In fact, the current supply of new doctorates is actually less than the demand, so if you go into the world of academia, you are likely to find employment while your fellow MBA’s are still struggling to find their careers as business executives. There are a few reasons for the shortage of business professors:
- Many senior faculty are retiring or planning to retire soon.
- There is a significant increase in students seeking degrees in business today.
- An insufficient number of students actually complete doctoral business programs.
Many more students are interested in going into business these days. They seek practical careers that can take them places in today’s difficult job market. Yet a Ph.D. is not necessary to pursue the actual work of being a business executive, so most students choose to leave academia and enter the world of work. There is certainly nothing wrong with that, but it leaves a gap where universities are clamoring for qualified business professors to help teach all the new, eager students. If you enjoy the academic life and being part of a University, with all the social and financial benefits that provides, you may be just the person to take your education that last step. With your Ph.D. you may become a very hot property. Imagine Universities all over the country vying for your attention and offering you excellent benefits packages. Sounds nice, right? So when considering a business career, why not go where the competition is low and the demand is high? Pursue a business professor career.
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