Posted by: Louis Lavelle on December 12, 2008
U.S. business schools frequently complain about faculty shortages. With rising enrollments in MBA programs demand is higher than ever, but fewer business PhD grads are pursuing teaching careers. The result: bidding wars for the best young minds and a lot of adjuncts, especially in mid-tier schools.
To India’s business schools that probably sounds like nirvana. The Chronicle of Higher Education is reporting that an astounding one in five faculty positions at India’s seven elite public business schools is vacant, just as the number of MBA students is topping the 300,000 mark, an all-time high.
Quoting the Indian news web site ExpressBuzz, the Chronicle reports that the schools, the Indian Institutes of Management, are blaming their low pay and lack of autonomy, which makes it difficult to raise faculty salaries.
How low is low? Entry-level professors at one of the institutes is paid 18,400 rupees or $376 a month.
The ten Indian Institutes of Technology face faculty shortages of 20 to 30%, while about half of all faculty positions at federal and state-financed universities are vacant.