Wednesday, May 23, 2012
Is there a shortage of PhDs in Business Schools? YES! That means secure jobs. Business Schools are mushrooming all over the world and there is high demand for PhDs
The MBA program is in high demand all over the world. In developing countries, there are many business schools in each city now, where as a decade ago, there was none in the smaller cities. In many developing countries, the term MBA is commonly used now, where as earlier, they used terms like PGDM (Post Graduate Diploma in Management) and so on. Even now, in India, many Universities do not have separate business schools. They have departments within their Engineering Program called as "Department of MBA" or "Department of Business". With this rapid growth, there is a certain demand for qualified and licensed teachers. But the rate of growth of PhDs has not been as fast as the rate of growth of Business Schools. After all, it takes 5 years to produce a PhD, where as a Business School can be started in as little as 6 months to 12 months in a country like India.