The value of academic research performed at business schools has been questioned for the past two decades, some even calling it irrelevant to the real business world.
But a study by Russell Crook, assistant professor of management in the College of Business Administration at the University of Tennessee, Knoxville, finds that scholarly research conducted by business professors seems to have an impact on the salaries of their students after graduation.
The paper, co-authored by Jonathan O'Brien of Rensselaer Polytechnic Institute and Paul Drnevich and Craig Armstrong of the University of Alabama, concludes that "the level of scholarly research activity at business schools appears to add considerable economic value to MBA students' future salaries."
The paper, "Does Business School Research Add Economic Value for Students," is in the current issue of Academy of Management Learning and Education and can be viewed at http://journals.aomonline.org/AMLE/articles/AMLE-2010-Vol9-No4-638-651.html.
Crook found that scholarly research at business schools appears to add as much as $24,000 a year, or 21 percent, to the MBA students' future salaries.
"What we discovered is that research-intensive schools generally do a better job than nonresearch-intensive schools in helping their students acquire and hone their knowledge, skills and abilities, which pays high financial returns to the students when they go out into the real business world and get a job," Crook said.
Crook collected data on the salaries of MBA graduates three years after they graduated from 658 business schools in the U.S. and around the world. He chose the three-year mark because, at that point in their careers, the graduates were "more reflective of the value of the knowledge, skills, and abilities provided by the business school education." He then compared this to data on research productivity at each school obtained from a social science citation index. He factored in other information that might influence salaries, including the school's reputation and financial resources.
The analysis revealed that the amount of faculty research published in the most influential journals was significantly related to higher salaries in graduates.
"Even if the research the professors are conducting isn't directly related to what they are teaching in the classroom, it may help them hone analytical skills and emphasize a more rigorous approach to problem solving that resonates with the students," Crook said. "Plus, these professors are creating knowledge and keeping abreast of cutting-edge developments in their fields. This is better than simply teaching from textbooks written by others."
Whitney Holmes | EurekAlert!
Researchers simplify tiny structures' construction drip by drip
12.11.2018 | Princeton University, Engineering School
Mandibular movement monitoring may help improve oral sleep apnea devices
06.11.2018 | Elsevier
Researchers at the University of New Hampshire have captured a difficult-to-view singular event involving "magnetic reconnection"--the process by which sparse particles and energy around Earth collide producing a quick but mighty explosion--in the Earth's magnetotail, the magnetic environment that trails behind the planet.
Magnetic reconnection has remained a bit of a mystery to scientists. They know it exists and have documented the effects that the energy explosions can...
Biochips have been developed at TU Wien (Vienna), on which tissue can be produced and examined. This allows supplying the tissue with different substances in a very controlled way.
Cultivating human cells in the Petri dish is not a big challenge today. Producing artificial tissue, however, permeated by fine blood vessels, is a much more...
Faster and secure data communication: This is the goal of a new joint project involving physicists from the University of Würzburg. The German Federal Ministry of Education and Research funds the project with 14.8 million euro.
In our digital world data security and secure communication are becoming more and more important. Quantum communication is a promising approach to achieve...
On Saturday, 10 November 2018, the research icebreaker Polarstern will leave its homeport of Bremerhaven, bound for Cape Town, South Africa.
When choosing materials to make something, trade-offs need to be made between a host of properties, such as thickness, stiffness and weight. Depending on the application in question, finding just the right balance is the difference between success and failure
Now, a team of Penn Engineers has demonstrated a new material they call "nanocardboard," an ultrathin equivalent of corrugated paper cardboard. A square...
09.11.2018 | Event News
06.11.2018 | Event News
23.10.2018 | Event News
16.11.2018 | Health and Medicine
16.11.2018 | Life Sciences
16.11.2018 | Life Sciences