Business Professor

Your Fit

Income

$88K

Preparation

Extensive

Growth

6.9%

Definition
Your fit with this career
How much they earn
What they do
Job satisfaction
How to become

What is a Business Professor?

A Business Professor is an academic professional who teaches students in higher education about various aspects of business, including management, marketing, finance, and economics. They engage in teaching, research, and publishing in their field of expertise.

Sample job titles:

Business Instructor, Business Professor, Instructor, Professor

Your test results

Why this fit score?

The fit report shows your areas of fit and misfit with Business Professor.

Fit report

Test scores

The scores report summarizes what we learned about you. It shows your results on everything measured in the career test.

Scores report

How much does a Business Professor earn

Income data is from Employment and Social Development Canada's 2024 wage tables. The closest match for this career in Canada’s occupational classification system is Business Professor.

Bottom 10%	Bottom 25%	Median (average)	Top 25%	Top 10%
$48K per year	$62K per year	$88K per year	$110K per year	$136K per year

Compared to other careers: Median is $23K above the national average.

See income by country/state/province

What does a Business Professor do?

Work environment

Business Professors typically work in colleges and universities, which includes both public and private institutions. Their work environment involves classrooms, offices for research and administrative tasks, and sometimes online platforms for virtual teaching. They may also attend conferences and seminars.

Quick task list

Develops and delivers lectures and coursework in business-related subjects.
Conducts and publishes research in academic journals.
Advises and mentors students on academic and career goals.
Participates in faculty committees and contributes to the academic community.
Stays up to date on current trends and developments in the business world.

See full list of tasks with expert relevance ratings

Areas of specialization

Finance: Focusing on teaching and research in corporate finance, investments, and financial markets.
Marketing: Specializing in areas like consumer behavior, digital marketing, or market research.
Management: Concentrating on organizational behavior, leadership, and strategic management.
International Business: Focusing on global business strategies, international marketing, and cross-cultural management.
Entrepreneurship: Teaching about new venture creation, innovation, and small business management.

Description

Business Professors play a crucial role in shaping future business leaders and thinkers. They must possess a deep understanding of their subject area, coupled with the ability to effectively communicate complex concepts to students. Their role extends beyond teaching, as they are often involved in groundbreaking research, contributing new knowledge to the field of business. This research not only enhances their teaching but also keeps them at the forefront of business trends and theories.

The career of a Business Professor is marked by a blend of intellectual challenge and creativity. It involves designing engaging courses, assessing student progress, and continually adapting teaching methods to meet educational needs. Professors often work autonomously, which allows for flexibility in research interests and teaching approach.

Being a Business Professor can be highly rewarding, as it offers the opportunity to influence and inspire the next generation of business professionals. It also provides a platform for lifelong learning and intellectual growth, with the chance to delve into research and explore new areas of the business world.

Job Satisfaction

Sources of satisfaction

Impacting students' lives and careers through education and mentorship.
Engaging in continuous learning and research in the field of business.
Academic freedom to explore and teach specialized business topics.
Recognition and respect in the academic and business communities.

You might make a good Business Professor if you are...

Passionate about business and education.
Skilled in research, analysis, and communication.
Enjoy mentoring and guiding students.
Interested in contributing to academic scholarship in business.
Self-motivated and enjoy intellectual challenges.

Pros:

Intellectual stimulation and continuous learning opportunities.
Autonomy in research and teaching approach.
Opportunity to make a significant impact in the field of business education.

Cons:

The lengthy and competitive process to achieve tenure.
Pressure to publish research and maintain academic standing.
Balancing teaching, research, and administrative responsibilities can be challenging.

How to become a Business Professor

Typical education

Becoming a Business Professor generally requires a Ph.D. in Business or a related field, which can take an additional 4-7 years after completing a bachelor's degree. Some positions, especially at community colleges, may accept a master's degree.

High school preparation

Courses:

Business courses to gain foundational knowledge.
Mathematics and economics for analytical skills.
English and communication courses to develop writing and presentation skills.

Extra-Curricular Activities:

Participation in business clubs or competitions like DECA.
Leadership roles in student organizations.
Volunteering or internships in business-related settings.

Preparation after high school

Pursue a bachelor's degree in business or a related field.
Gain experience through internships or part-time jobs in business settings.
Earn a master's degree and a Ph.D. in Business or a related field, focusing on your area of interest.
Engage in research projects and look for opportunities to publish your work.
Gain teaching experience through graduate assistantships or as a lecturer.

More resources

Academy of Management (AOM) - A professional association for management and organization scholars.
American Marketing Association (AMA) - Provides resources for marketing professionals and academics.
Association to Advance Collegiate Schools of Business (AACSB) - Offers accreditation and resources for business education professionals.
National Business Education Association (NBEA) - A professional association dedicated to enhancing business education.

Similar careers

Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.