Management Professor banner
a Management Professor thumbnail
Management Professor

Overview, Education, Careers Types, Skills, Career Path, Resources

Management professors teach business and administration courses at universities. They conduct research and guide students.

Average Salary

₹9,00,000

Growth

medium

Satisfaction

high

Home/Careers/business commerce and management/management professor
Educational Requirements

Education Requirements for Becoming a Management Professor

To become a management professor in India, a strong educational foundation is essential. Here's a breakdown of the typical requirements:

  • Bachelor's Degree: A bachelor's degree in any field (e.g., Business Administration, Economics, Engineering) is the first step.
  • Master's Degree: A Master's degree in Business Administration (MBA) or a related field (e.g., Economics, Finance, Marketing) is highly recommended. Many universities prefer candidates with a Master's degree.
  • Doctorate (Ph.D.): A Ph.D. in Management or a closely related discipline is generally required for tenure-track positions at most universities and business schools. The Ph.D. program involves rigorous coursework, research, and a dissertation.
  • Specialized Knowledge: Develop expertise in a specific area of management, such as finance, marketing, human resources, or operations management.
  • Research Experience: Engage in research projects, publish papers in reputable journals, and present findings at conferences to build a strong research profile.
  • Teaching Experience: Gain teaching experience through teaching assistantships, guest lectures, or teaching positions at other institutions.
  • Professional Certifications: While not always mandatory, certifications like UGC-NET (for lectureship in India) can enhance your credentials.

Key Skills

  • Strong analytical and problem-solving skills
  • Excellent communication and presentation skills
  • Ability to conduct independent research
  • Passion for teaching and mentoring students
  • Knowledge of current trends and best practices in management
Study Path
Top Colleges

Top Colleges in India for Aspiring Management Professors

To pursue a career as a Management Professor, consider these top colleges in India offering relevant courses:

  • Indian Institutes of Management (IIMs): IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, and others are premier institutions for MBA and Ph.D. programs.
  • Indian Institute of Technology (IITs): IIT Delhi, IIT Bombay, IIT Madras, and IIT Kharagpur offer excellent management programs and research opportunities.
  • Faculty of Management Studies (FMS), Delhi University: A highly regarded institution for MBA programs.
  • Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai: Known for its strong industry connections and MBA program.
  • Xavier School of Management (XLRI), Jamshedpur: A top-ranked private management institute.
  • Narsee Monjee Institute of Management Studies (NMIMS), Mumbai: Offers a wide range of management programs.
  • SP Jain Institute of Management and Research (SPJIMR), Mumbai: Known for its innovative curriculum and industry-focused approach.

These institutions provide quality education, research opportunities, and a strong foundation for a career as a Management Professor.

Fees

The fees for courses required to become a Management Professor vary widely depending on the type of institution (government vs. private), the level of the degree (MBA vs. Ph.D.), and the location. Here's a general overview:

  • MBA Programs:
    • Government Institutes (e.g., IIMs): ₹10 Lakhs to ₹25 Lakhs for the entire program.
    • Private Institutes: ₹15 Lakhs to ₹35 Lakhs or more for the entire program.
  • Ph.D. Programs:
    • Government Universities: ₹20,000 to ₹50,000 per year.
    • Private Universities: ₹50,000 to ₹2 Lakhs or more per year.

Additional costs include application fees, hostel fees (if applicable), study materials, and other miscellaneous expenses. Keep in mind that these are approximate figures and can vary. Many institutions also offer scholarships and financial aid to deserving candidates, which can significantly reduce the financial burden.

Related Exams

To become a Management Professor, several exams can help you achieve this career, especially in India:

  • UGC NET: The University Grants Commission National Eligibility Test (UGC NET) is a national-level exam conducted by the National Testing Agency (NTA). Qualifying this exam is essential for lectureship positions in Indian universities and colleges.
  • CSIR NET: The Council of Scientific and Industrial Research (CSIR) NET is for science-related subjects. While less common for management, it might be relevant for specialized areas.
  • GATE: The Graduate Aptitude Test in Engineering (GATE) is primarily for engineering and science graduates but can be useful for management professors specializing in quantitative areas.
  • CAT/GMAT/GRE: These exams are typically required for admission to MBA and Ph.D. programs in management. A good score can enhance your profile when applying for faculty positions.
  • State Level Eligibility Tests (SLET): Some states in India conduct their own eligibility tests for lectureship positions. Check the specific requirements for the state where you intend to work.

These exams help assess your knowledge, teaching aptitude, and research capabilities, making you a more competitive candidate for management professor positions.

Exam NameExam Date
Pros And Cons

Pros

  1. Intellectual stimulation and continuous learning.
  2. Opportunity to shape future business leaders.
  3. Job security with tenure-track positions.
  4. Research opportunities and academic freedom.
  5. Flexible work schedule and work-life balance.
  6. Contributing to the field of management.
  7. Opportunities for consulting and industry interaction.
  8. Respect and recognition in academic circles.

Cons

  1. Intense competition for tenure-track positions.
  2. Pressure to publish research regularly.
  3. Administrative responsibilities and paperwork.
  4. Dealing with diverse student needs and challenges.
  5. Limited earning potential compared to industry.
  6. Academic politics and bureaucracy.
  7. Time-consuming grading and student evaluations.
  8. Keeping up with evolving curriculum and technology.