What is the demand for university professors in the various fields of management?
Figures compiled in 2000 by AACSB and The International Association for Management Education suggest that demand for PhD faculty in business schools continues to rise, in terms of both existing vacancies and planned growth in faculty positions. As an article in the Chronicle of Higher Education in May 2001 put it, “Business schools are expanding their faculties to cash in on growing student demand for courses, but the supply of available scholars has barely budged over the past decade.” A report in Business Week in early 2001 indicated there were more than 400 vacant faculty positions at the nation’s top 50 business schools. Demand for faculty is also reflected in salaries paid by business schools, which are substantially higher than in many disciplines in the arts, sciences, and humanities. Business school faculty members frequently receive summer research support over and above an academic year salary, and also encounter opportunities for outside income in consulting and executive ed
