saleem Posted March 6, 2019 Share Posted March 6, 2019 Do management/OB/strategy faculty in T50 departments have opportunities to consult on the side? Economics professors often serve as expert witnesses for litigation consulting firms. What are comparable options on the management side? Quote Link to comment Share on other sites More sharing options...
sjb55 Posted March 7, 2019 Share Posted March 7, 2019 Do management/OB/strategy faculty in T50 departments have opportunities to consult on the side? Economics professors often serve as expert witnesses for litigation consulting firms. What are comparable options on the management side? It is quite common and from what I understand, encouraged. It keeps professors in touch with the actual business world -- not to mention a hefty consulting fee. I'm in the IS field for example, some professors take sabbaticals to consult on implementations/public policy/corporate IS strategy. They often have speaking engagements or workshops with corporations to both educate and add guidance to specific projects. Really, though, how and where you consult is fully dependent on what you specialize in. If you specialize in something that doesn't translate well to corporate needs and rather operate in a niche that's interesting to you but not essential to the bottom line.. you won't find many opportunities. Further, just being a professor at a T50 doesn't mean you'll be inundated with consulting requests; the opposite really. Consulting is a business and you need to operate like a business and generate leads for yourself. Quote Link to comment Share on other sites More sharing options...
StrategicMGMT Posted March 7, 2019 Share Posted March 7, 2019 Some people do consulting. Often it spins out of MBA/executive education classes, which is another lucrative option for management professors (2-10k per full day of teaching depending on the school you are at). But this cuts into research. You can make $500,000/year teaching exec ed but you won't be a productive scholar anymore. Do management/OB/strategy faculty in T50 departments have opportunities to consult on the side? Economics professors often serve as expert witnesses for litigation consulting firms. What are comparable options on the management side? Quote Link to comment Share on other sites More sharing options...
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