Abstract
- In 2012, the Association to Advance Collegiate Schools of Business International projects a 2,419 faculty shortage of business Ph.D. candidates available for employment in academia in the United States.[1] Three critical questions must be answered: What are the contributing factors creating and intensifying the shortage in the academic business candidacy, what is the impact on academia, and what can be done to remediate this issue now and in the future? The contributing factors can be categorized into three areas: student enrollment and conferment, doctoral funding, and faculty retirement. The shortage has caused entry-level faculty salaries to increase and the accreditation standards to be challenged. It is essential to remediate the shortage by implementing reactionary programs that will affect the short-term, along with long-term prevention measures to ensure this concern does not continue in the future.