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It depends on the university, but in the US most professors will have PhD's or other doctoral-level degrees. There are professors that have MBAs, but they usually also have pretty significant work experience as well.
From experience, at University of Florida, a large 4-yr public university, there are business professors w/o PhDs, but with lots of professional experience. At Florida State College at Jacksonville, a local community college, there's a requirement that all professors have to have post-Masters education. So your experience may very.
However, are you ready for that? Do you know the challenges and target you have to face in coming days? Have you prepared yourself to find a comfortable place in corporate sector? Do you know, at all, what are the components required to grow steadily? How to start your things and perform with minimum mistakes?Do your homework and find out who you will be interviewing with. You are looking for job title, responsibilities, accomplishments, as well as anything else that impresses you about this person.