A business school is only as good as
its faculty. But in today's competitive market, how do b-school deans
attract top professors—who want to stay for the long term?
38 BizEd NOVEMBER/DECEMBER 2005
Howto L
ooking to hire a few good faculty? You're not alone. Seven percent of the full-time faculty in U.S. business schoolswere newhires in the 2004– 2005 academic year, according to the Knowledge Services department at AACSB International.
Not only are business schools racing to fill thousands
of open or soon-to-be open positions for tenure-track faculty, but fewer Ph.D.s are being produced to fill such roles. In addition, the individuals on the market are asking for significant amounts of money—sometimes more than current faculty are making. Those factors add up to a mathematical problem of too much need, not enough product—and ongoing calculations about how to change the equation.
