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Career profile Management Professor

Also known as Accounting Instructor, Accounting Professor, Associate Professor, Business Administration Professor, Business Instructor, Business Professor, Instructor, Management Professor, Marketing Professor, Professor

Management Professor

Also known as Accounting Instructor, Accounting Professor, Associate Professor

Interests Profile
  • Social
  • Enterprising
  • Investigative
Pay Range
$39,720 - $202,080 (annual)
Required Skills
  • Speaking
  • Instructing
  • Learning Strategies
Knowledge Areas
  • Education and Training
  • Administration and Management
  • Economics and Accounting
Core tasks
  • Prepare and deliver lectures to undergraduate or graduate students on topics such as anatomy, therapeutic recreation, and conditioning theory.
  • Evaluate and grade students' class work, assignments, papers, and oral presentations.
  • Prepare course materials, such as syllabi, homework assignments, or handouts.
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What does a Management Professor do?

Management Professors teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research.

In addition, Management Professors includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

What kind of tasks does a Management Professor perform regularly?

Management Professors are often responsible for overseeing or executing some or all of the following tasks:

  • Prepare and deliver lectures to undergraduate or graduate students on topics such as anatomy, therapeutic recreation, and conditioning theory.
  • Evaluate and grade students' class work, assignments, papers, and oral presentations.
  • Prepare course materials, such as syllabi, homework assignments, or handouts.
  • Initiate, facilitate, and moderate classroom discussions.
  • Keep abreast of developments in the field by reading current literature, talking with colleagues, giving presentations at conferences, and serving on committees in professional associations.
  • Plan, evaluate, and revise curricula, course content, course materials, and methods of instruction.
  • Maintain student attendance records, grades, and other required records.
  • Conduct research in a particular field of knowledge and publish findings in scholarly journals, books, or electronic media.
  • Compile, administer, and grade examinations or assign this work to others.
  • Maintain regularly scheduled office hours to advise and assist students.
  • Collaborate with colleagues to address teaching and research issues.
  • Advise students on academic and vocational curricula, and on career issues.
  • Develop and maintain course Web sites.
  • Collaborate with members of the business community to improve programs, to develop new programs, and to provide student access to learning opportunities, such as internships.
  • Serve on academic or administrative committees that deal with institutional policies, departmental matters, and academic issues.
  • Select and obtain materials and supplies, such as textbooks and performance pieces.
  • Compile bibliographies of specialized materials for outside reading assignments.
  • Participate in campus and community events.
  • Mentor new faculty.

The above responsibilities are specific to Management Professors. More generally, Management Professors are involved in several broader types of activities:

Training and Teaching Others
Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
Updating and Using Relevant Knowledge
Keeping up-to-date technically and applying new knowledge to your job.
Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Interpreting the Meaning of Information for Others
Translating or explaining what information means and how it can be used.

What is a Management Professor salary?

The median salary for a Management Professor is $88,010, and the average salary is $107,270. Both the median and average roughly describe the middle of the Management Professor salary range, but the average is more easily affected by extremely high or low salaries.

Many Management Professors earn significantly more or less than the average, due to several factors. About 10% of Management Professors earn less than $39,720 per year, 25% earn less than $58,350, 75% earn less than $137,730, and 90% earn less than $202,080.

Between the years of 2020 and 2030, the number of Management Professors is expected to change by 6.5%, and there should be roughly 9,700 open positions for Management Professors every year.

Median annual salary
$88,010
Typical salary range
$39,720 - $202,080
Projected growth (2020 - 2030)
6.5%

What personality traits are common among Management Professors?

Interests

Career interests describe a person's preferences for different types of working environments and activities. When a person's interest match the demands of an occupation, people are usually more engaged and satisfied in that role.

Compared to most occupations, those who work as a Management Professor are usually higher in their Social, Enterprising, and Investigative interests.

Management Professors typically have very strong Social interests. Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.

Also, Management Professors typically have moderate Enterprising interests. Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

Lastly, Management Professors typically have moderate Investigative interests. Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.

Values

People differ in their values, or what is most important to them for building job satisfaction and fulfillment.

Compared to most people, those working as a Management Professor tend to value Independence, Achievement, and Relationships.

Most importantly, Management Professors strongly value Independence. Occupations that satisfy this work value allow employees to work on their own and make decisions.

Second, Management Professors strongly value Achievement. Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment.

Lastly, Management Professors strongly value Relationships. Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment.

Psychological Demands

Each occupation brings its own set of psychological demands, which describe the characteristics necessary to perform the job well.

In order to perform their job successfully, people who work as Management Professors must consistently demonstrate qualities such as integrity, analytical thinking, and independence.

Below, you'll find a list of qualities typically required of Management Professors, ranked by importance:

Integrity
Job requires being honest and ethical.
Analytical Thinking
Job requires analyzing information and using logic to address work-related issues and problems.
Independence
Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
Achievement/Effort
Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
Attention to Detail
Job requires being careful about detail and thorough in completing work tasks.

What education and training do Management Professors need?

Many Management Professors have earned a graduate degree. For example, they may require a master's degree, and some require a doctoral degree, such as a Ph.D., M.D., or J.D..

Management Professors may need some on-the-job training, but most candidates will already have the required skills, knowledge, work-related experience, and/or training.

Educational degrees among Management Professors

  • 0.6% did not complete high school or secondary school
  • 1.4% completed high school or secondary school
  • 2.0% completed some college coursework
  • 1.8% earned a Associate's degree
  • 14.6% earned a Bachelor's degree
  • 32.1% earned a Master's degree
  • 47.4% earned a doctorate or professional degree

Knowledge and expertise required by Management Professors

Management Professors may benefit from understanding of specialized subject areas, such as education and training, administration and management, or economics and accounting knowledge.

The list below shows several areas in which most Management Professors might want to build proficiency, ranked by importance.

Education and Training
Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Important Abilities needed by Management Professors

Management Professors must develop a particular set of abilities to perform their job well. Abilities are individual capacities that influence a person's information processing, sensory perception, motor coordination, and physical strength or endurance. Individuals may naturally have certain abilities without explicit training, but most abilities can be sharpened somewhat through practice.

For example, Management Professors need abilities such as oral expression, written comprehension, and written expression in order to perform their job at a high level. The list below shows several important abilities for Management Professors, ranked by their relative importance.

Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
Written Comprehension
The ability to read and understand information and ideas presented in writing.
Written Expression
The ability to communicate information and ideas in writing so others will understand.
Speech Clarity
The ability to speak clearly so others can understand you.
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.

Critical Skills needed by Management Professors

Skills are developed capacities that enable people to function effectively in real-world settings. Unlike abilities, skills are typically easier to build through practice and experience. Skills influence effectiveness in areas such as learning, working with others, design, troubleshooting, and more.

Management Professors frequently use skills like speaking, instructing, and learning strategies to perform their job effectively. The list below shows several critical skills for Management Professors, ranked by their relative importance.

Speaking
Talking to others to convey information effectively.
Instructing
Teaching others how to do something.
Learning Strategies
Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

What is the source of this information?

The information provided on this page is adapted from data and descriptions published by the U.S. Department of Labor, Employment and Training Administration under the CC BY 4.0 license. TraitLab has modified some information for ease of use and reading, and the U.S. Department of Labor, Employment, and Training Administration has not approved, endorsed, or tested these modifications.

If you have any questions or suggestions about this information, please send a message.