Sign in with Google
Sign in with Apple
Top Asian business schools are "courting" leading U.S. professors as part of their strategy to strengthen their programs' credibility, reports a Wall Street Journal article, "Foreign Schools Target U.S. Professors."
Deans at these Asian b-schools say that "nabbing 'star' professors is critical for building clout in the research world and subsequently attracting the brightest students to their graduate programs."
To successfully "nab" these bilingual, Western-trained professors, schools are willing to offer attractive incentive packages, like full-time positions with competitive pay, light course loads, free rent, and ample research opportunities in an emerging economy. Most of the professors targeted are foreign-born, U.S.-trained business school professors.
This doesn't bode well for American b-schools which are currently experiencing a professor shortage. In the last 20 years or so, the number of business Ph.D. programs have dwindled, resulting in fewer professors to teach the growing number of entering MBA students. Of the increased number of foreign students studying in the U.S. for their Ph.D.s, many will return to their home countries, especially considering the incentives and opportunities abroad.
Elite b-schools won't have much trouble retaining their diverse faculties, but many local or state business programs are at risk of losing some of their star international faculty members.
According to AACSB (the Association to Advance Collegiate Schools of Business), the average starting salary for full-time business school professors in 2009 was $111,000. In Europe, that number jumps to $125,000 and includes public heath care. In Asia, a professor at a similarly ranked program may earn $90,000, but that could include free housing.
Some of the top b-schools in Asia that are doing the heavy-hiring of U.S. professors include China Europe International Business School (CEIBS), the Hong Kong University of Science and Technology, Indian School of Business, and Nanyang Business School in Singapore. (For more information on the widening appeal of top Asian business schools, read "Asian Business Schools Team Up to Strengthen Appeal to Westerners.")
Do you want to go global with your MBA? Download Internationalizing the MBA, a free special report, to explore the increasingly global canvas of leading MBA programs in the United States, Europe, Asia, and Africa.
Accepted.com ~ Helping You Write Your Best
