Ivy League loss is CBS' gain
While the current state of the global economy may tell a sad tale, there are no situations so bad that they are not to the benefit of somebody. The present economic crisis has seen academic heavyweights among North American business schools suffer severe setbacks in fundraising and portfolios falling by nearly a third. As a consequence, few doctoral candidates from these top tier universities can look forward to continuing their academic career at their alma-mater.
325 highly qualified candidates
Budding doctoral candidates now seek greener pastures where they may flourish. The nutrient rich academic environment in Denmark has become very inviting and CBS has been the recipient of this good fortune.
-Since CBS leadership gave us the green light for recruiting in the summer of 2008, we have become very optimistic. We recieved 325 applications for five assistant professor positions, about 10 times more than normal and nearly all extremely well-qualified, reports Professor Peter Mølgaard, head of CBS’ Department of Economics.
Where research buds can take root
While CBS does not –at least as yet – enjoy the same academic renown as Stanford or Harvard, CBS can provide budding American researchers good opportunities for support and involvement in a strong dynamic research environment at CBS, proving that it is not money that matters most.
- As a Danish university we have no chance competing on wages. We can, however, offer a world-class research environment with opportunities for greater responsibility than they could typically find at major American institutions, something vital for new assistant professors who are passionate about their research, boasts Peter Møllgaard.
Valuable talent from abroad
The Finance Department has also found success in attracting top research talent from the States. This bodes extremely well for CBS in the school’s ambition to attract top talent. In the world of academic research, success can be found in bringing in outside talent. A fresh pair of eyes can help established researchers from becoming too near-sighted and offer a new perspective on old questions.
- By showing the value these high quality researchers will bring to CBS we should generate a permanent beneficial effect. This will help us to continue to attract equally good recruits in the years to come, says Peter Mølgaard.
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