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Posted by: Maricopa Lawyers on Dec 9, 2014

Business schools from around the country are looking for a solution to their own version of supply and demand – hiring enough capable professors.

The result is a bit of a hiring spree. The numbers illustrate that there were 15,000 additional business professors in 2013 compared to rates in 2008, numbers provided by the most recent US Labor Department data. This amounts to a 22 percent increase in faculty nationwide since the onset of the financial crisis.

Analysts find this particularly curious following the systematic economic downturn in recent years. It’s worth noting that many businesses and workers were certainly affected, yet students remain invested in studying the market and related finance or entrepreneurial fields.

Business schools are now rallying to the demand of students interested in business education. Many universities are creating more specialized degree programs, helping to drive the demand for professors with specific skill sets.

The financial crisis has helped influence programs offered throughout leading business schools. New York University’s Stern School of Business began a Masters in Risk Management in 2009.

Programs are becoming more accessible to better meet the demand. The University of North Carolina’s Kenan-Flagler Business School offered its online MBA program in 2011.

Business schools are also addressing the budding tech industry. Cornell University opened a tech-focused MBA in Google’s New York City headquarters this year.

The hiring surge shows little signs of slowing down. Business schools are still looking for capable professors even following a landmark 15,000 faculty additions.

According to Robert Swieringa, former dead and current accounting professor at the Johnson School of Management at Cornell University, “The number of these programs, the complexity of those programs – all of that is creating tremendous demand for faculty.” He added, “That’s happening all over the country.”

The current trend among business educators is to react to changes in Wall Street, Silicon Valley and other factories around the world.