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21 Apr 2007, 18:47
Sorry, this is going to be a fairly long post. I actually think the issue you raise about PhD programs and online education is very interesting, so I'd like to know what other forumers have to say on this issue.
Where would you eventually want to teach? The general (perceived) quality of the school will likely determine whether you stand a chance at a "senior faculty position" without a PhD. As a general rule, if you're talking about most reputable universities (probably every "flagship" state school included), if you find any senior faculty without a PhD, it's likely someone who has been there for a long time. I'd be surprised if you ever found a junior tenure-track faculty member who doesn't have a PhD. However, you'll find plenty of lecturers in most large schools, including what some schools call "senior lecturers", who I guess are tenured but unlikely considered on the same level as senior professors. Since you stated that your interests were teaching and consulting, my original post had that type of position in mind. I don't think you need a PhD for that, and I don't think an online PhD will help compared to no PhD at all.
I think you need to be careful with your comments about online education. The main incentive for schools to offer online courses at the undergrad level (and for some graduate programs) is that it is a cash cow: expenses are very low once the online materials are available. On the other hand, PhD programs are cost centers. The biggest cost is faculty time. Advisor(s) spend a lot of time with PhD students, discussing papers, research design and strategies, preparing presentations and workshops, etc. Based on my own experience, e-mail can be fine sometimes, but person-to-person meetings are much more productive. And anyway, most of what I learned here I got from going to workshops and seminars and interacting with other students and faculty members. I believe implementing this in an online context would be awfully hard.
If you're a school, the main benefit (the only benefit?) of having a PhD program is that you get graduates who put your name in their resumes, and then people in academia recognize your school as good, which means that some of them might be willing to come teach at your school at some point. Thus "research recognition" is the catch phrase. I think most schools would agree that the most effective way to prepare someone to do good research is in-class, on-campus, and not online. I could be wrong, but I don't think that this is an "early adopter" issue here.
Finally, you're absolutely right that there is a shortage of PhDs coming through traditional channels. However as few schools hire their own graduates right after graduation, a school's answer to its own lack of labor supply is not to open the floodgates, but rather it is to hope that some other reputable school will do it (so that they can hire _that_ school's graduates). The current shortage of PhDs in b-schools is not caused by the number of applications to full-time, on-campus PhD programs. I'd argue that it is due to a combination of 4 factors: 1) the (aggregate) size of PhD programs is too small because schools don't make money out of it (as opposed to MBA programs), 2) b-school PhDs have lucrative outside options in investment banking and the like, 3) current b-school professors are getting older so a greater number of positions are vacated due to retirement than there are new PhD graduates to fill them, and 4) going to college is more popular than ever and b-schools are more popular than ever (my own very subjective assessment, I have no stats to prove this).
I think the AACSB had a report on the shortage of faculty members in b-schools and recommended increasing the size of PhD programs to mitigate the shortage. However, I don't think online education was part of the equation, for reasons mentioned above.
So there you go. In your own situation, I think the first step is to ask yourself what type of position you'd like to hold, and then look at school websites for the "typical" path to get there. The shortage of PhDs has been there for a while now, and I don't know of a single school that has started to hire online PhDs to mitigate the shortage. I don't foresee that happening soon either.