Career Definition for Business School Teachers
Business school teachers help students develop their interests in the business world by teaching a variety of courses, such as finance, computer applications, accounting, business law or marketing. Teachers introduce topics through lectures or group activities and measure student progress with exams and projects that are completed as the course progresses. Business school teachers also manage the day-to-day organization of a course by creating or modifying lesson plans and gathering necessary course materials on a daily basis.
|Education||Bachelor's degree and licensure required for secondary teachers; graduate degree required for postsecondary teachers|
|Job Skills||Business acumen, instructional techniques, communication|
|Median Salary (2018)||$78,470 (postsecondary teachers)|
|Job Growth (2016-2016)||Much faster than average at 15% for all postsecondary teachers|
Source: U.S. Bureau of Labor Statistics
Many colleges and universities have business teacher education programs where degree candidates earn a Bachelor of Science in Education with a business major or a Bachelor of Science in Business with an education component. Programs which include coursework in business basics, as well as instructional methods, will prepare individuals for a business teacher career.
Graduates of these programs also complete requirements for state licensing to teach high school, but typically find jobs in vocational or career schools which don't require their instructors to have advanced degrees. For those wanting to teach at a college or university, a graduate business degree, such as a Masters in Business Administration or a Ph.D. in Marketing, is required.
A business school teacher's primary task is to adequately prepare their students to meet industry expectations. To achieve this end, business school teachers must not only be aware of these expectations but also be able to implement the best instructional techniques for meeting desired learning outcomes. They must also communicate well with students in order to solve problems and guide them towards a better understanding of course material.
Career and Economic Outlook
Employment for postsecondary teachers, including business school teachers, is expected to grow much faster than the average at 15% from 2016-2026, according to the U.S. Bureau of Labor Statistics (BLS). The BLS reports that in May 2018 the median wage for those teaching business at the postsecondary level was $78,470 annually. The Association to Advance Collegiate Schools of Business explains that projected growth will result from an increase in students as well as the retirement of senior faculty, especially for those business school teachers with their doctorate (www.aacsb.edu).
Alternate Career Options
Related careers in this field include:
Postsecondary Education Administrator
Normally having at least a master's degree, these administrators manage academics, student services and faculty research at universities and colleges. They could expect faster than average growth in employment opportunities of 10% during the 2016-2026 decade, according to the BLS. Administrators at the postsecondary level were paid an annual median salary of $94,340 in 2018.
Career and Technical Education Teacher
Usually having a bachelor's degree and work experience in their chosen field, career and technical education instructors teach a variety of vocational and technical subjects to students in preparation for specific careers. As of May 2018, the BLS reported their median earnings as $56,750 per year and projected slower than average growth of 4% between 2016 and 2026.