EXPERIENCE counts. It is a frequent refrain from businesses and the schools that serve them. So there has always been room for people with plenty of on-the-job experience, but without the traditional PhD, to teach business students. But recent data released by the Association of Accredited Collegiate Schools of Business (AACSB) would suggest at first blush that the professionals are slowly being eclipsed: more than 94% of the professors at a sample of 508 member schools were “academically qualified” to teach in 2012, up from 90% two years ago.
In part this reflects the increasing legitimacy of business schools within academia—and the pressure to publish research that comes with it.