Professor of Business Analytics

Industry:
Education
Last Updated:
September 19, 2023

Job Description Overview

Are you interested in a career in business analytics? If so, becoming a Professor of Business Analytics might be the perfect fit for you! As a Professor of Business Analytics, your main role is to teach students all about analyzing data to make informed decisions for businesses. 

In this job, you'll be responsible for preparing lessons, grading assignments, and communicating with students about their progress. You'll also need to stay up-to-date with the latest trends in the industry and be able to apply this knowledge to your teaching. 

Additionally, you'll have the opportunity to conduct research to improve business analytics methods and share your findings with the academic community. Your goal is to help students reach their full potential and prepare them for a successful career in business analytics. 

To become a Professor of Business Analytics, you'll need a Master's or Ph.D. in business analytics or a related field, as well as relevant teaching experience. If you're passionate about teaching and having an impact on the world of business, this could be the perfect job for you!

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Job Duties and Responsibilities

  • Teach students about various data analysis techniques and technologies.
  • Create and develop business analytics curriculum for students.
  • Conduct research and publish academic papers related to business analytics.
  • Mentor and advise students on their academic and career paths.
  • Participate in faculty and departmental meetings to maintain departmental goals.
  • Conduct professional development workshops and seminars for students and faculty members.
  • Collaborate with colleagues and industry professionals on research projects.
  • Serve and contribute to professional societies and organizations.

Experience and Education Requirements

To become a Professor of Business Analytics in the Education industry, you need lots of education and experience. You'll typically need a PhD in Business Analytics or a related field, but some universities may accept candidates with a Master's degree. Additionally, you need to have done lots of research in the field, and published articles in respected academic journals. You'll also need to have taught classes or seminars related to Business Analytics, and have experience supervising students or mentoring junior faculty. Finally, to really stand out, you should have experience working with businesses to analyze data and improve their operations. With all this under your belt, you'll be well on your way to a successful career as a Professor of Business Analytics.

Salary Range

If you're curious about the salary range for a Professor of Business Analytics in the education industry, it varies based on experience, type of institution, and location. In the United States, the average salary for this position is around $110,000 per year, and can go up to $200,000 depending on the institution.

For example, according to Glassdoor.com, a Professor of Business Analytics at Columbia University can make between $201,000 to $276,000 annually. On the other hand, a similar position at a smaller state university may bring in around $80,000 to $100,000 per year.

In other countries, salary ranges can differ significantly. According to Payscale.com, the average salary for a Professor of Business Analytics in Canada is around CAD 120,000 per year, while in the United Kingdom, it's around £60,000.

Sources:

  • Glassdoor.com
  • Payscale.com
  • Bureau of Labor Statistics (https://www.bls.gov/)

Career Outlook

The career outlook for a Professor of Business Analytics in the Education industry over the next five years is quite promising. According to the Bureau of Labor Statistics, the demand for postsecondary teachers (which includes professors) is expected to grow by 9% between 2019 and 2029, which is faster than the average for all occupations. Additionally, with the increasing importance of data analysis in the business world, the demand for Business Analytics professors is likely to increase even further. As more companies begin to focus on gathering and interpreting data to inform their decisions, the need for professionals who can teach these skills also grows. Therefore, pursuing a career as a Professor of Business Analytics can be an excellent option for those interested in teaching and data analysis.

Frequently Asked Questions (FAQ)

Q: What is a Professor of Business Analytics?

A: A Professor of Business Analytics is a person who teaches and conducts research in the field of business analytics, which involves using data and statistical methods to gain insights into business operations and make informed decisions.

Q: What are the qualifications required to become a Professor of Business Analytics?

A: Generally, a PhD in Business Analytics or a related field is required to become a Professor of Business Analytics. Strong research skills, teaching experience, and industry experience are also highly desirable.

Q: What are the typical job duties of a Professor of Business Analytics?

A: A Professor of Business Analytics is responsible for teaching courses related to business analytics, conducting research in the field, mentoring students, advising on student research projects, and publishing research findings in academic journals.

Q: What are the future job prospects in the field of Business Analytics?

A: The field of Business Analytics is growing rapidly and is expected to continue to do so for the foreseeable future. Employment opportunities for Professors of Business Analytics are excellent, both in academia and in the private sector.

Q: What are some of the skills required to be a successful Professor of Business Analytics?

A: Some of the skills required to be a successful Professor of Business Analytics include strong communication skills, the ability to analyze complex data sets, an understanding of statistical principles, and the ability to work collaboratively with colleagues and students.


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