- Master's Degree: Candidates must have a master's degree in Business Administration (MBA) or a related field from an accredited institution. Some business schools may also accept candidates with master's degrees in other disciplines, such as economics, finance, or engineering, combined with substantial business experience.
- Doctoral Degree: Many business schools prefer or require candidates to have a doctoral degree (PhD) in a relevant field such as business administration, economics, finance, or a related discipline. A doctoral degree demonstrates advanced knowledge and research capabilities.
Professional Experience:
- Business Experience: Most business schools value candidates with significant business experience, preferably in management or leadership positions. The number of years of experience required can vary based on the institution and role but typically ranges from three to five years or more. Relevant industry experience provides practical insights and credibility in teaching business subjects.
- Teaching Experience: Some business schools may give preference to candidates with prior teaching experience, either at the college or university level or in corporate training and development roles. Demonstrating effective teaching skills, curriculum development, and student engagement is often desirable.
Research and Scholarship:
- Research Capabilities: Business schools prioritize faculty members who engage in ongoing research and contribute to knowledge creation in their fields. Having strong research capabilities, publishing articles in academic journals, presenting at conferences, and conducting other scholarly activities is viewed favorably.
- Publications: Evidence of published scholarly work in reputable academic journals, conference proceedings, or books adds to a candidate's research credibility and expertise in specific areas of business.
Communication and Interpersonal Skills:
- Effective Communication: Faculty members in an MBA program must possess excellent communication skills. The ability to convey complex business concepts clearly and engage students in effective discussions and interactive learning experiences is crucial.
- Interpersonal Skills: Strong interpersonal skills are essential in building relationships with students, colleagues, and the business community. Effective collaboration, mentoring, and teamwork contribute to a positive learning environment.
Professional certifications:
- Professional Certifications: While not always required, certain professional certifications like Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Professional Engineer (PE) can add value to a candidate's qualifications and credibility, depending on the specialization within the MBA program.
Business schools may also consider additional factors such as diversity, international experience, strong recommendation letters, and alignment with the institution's mission and academic priorities.