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Thread: On-the-side consulting opportunities for management faculty

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    On-the-side consulting opportunities for management faculty

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    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?

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    Re: On-the-side consulting opportunities for management faculty

    Quote Originally Posted by saleem View Post
    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.

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    Re: On-the-side consulting opportunities for management faculty

    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.

    Quote Originally Posted by saleem View Post
    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?

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