Two MSU College of Business faculty members participating in post-doctoral programs
This summer, Frank Moseley and Young Seob Son, two Minot State University College of Business faculty members, enrolled in innovative post-doctoral programs designed to alleviate the critical national shortage of business-school faculty. Moseley, an associate professor of finance, graduates Friday (July 31) from a program developed by Virginia Tech's Pamplin College of Business, Blacksburg, Va. Son, an assistant professor of economics, is enrolled at the Hough Graduate School of Business in the Warrington College of Business Administration at the University of Florida, Gainesville, Fla. Son will complete his program Aug. 30.
"This was an intense, quality program taught by leading business professionals," Moseley said. "It encompassed academic content, research methodology, replication of select research papers and business pedagogy."
Last year, four U.S. business schools launched "bridge-to-business" programs approved by the Association to Advance Collegiate Schools of Business International. AACSB International is globally recognized as the premier accrediting agency for business schools worldwide. The programs prepare individuals with doctoral degrees in non-business, but related, disciplines for new careers as business faculty members.
The reasons for the faculty shortage involve the 5 percent decrease in business doctorates earned worldwide. According to AACSB, 5,872 doctorates were earned in the 1995-99 period, compared with 5,611 in the 2000-05 period. Other supply-related reasons include competing employment offers from government agencies and industry; the fact that about half the doctoral graduates from U.S. institutions are foreign students, many of whom subsequently return home; and the retirements of existing faculty members. Meanwhile, on the demand side, demand for faculty has risen, driven by significant increases in business-student enrollments.