Education: From Campus to Corporation

Refitting Ph.D.'s for the world of business

A Ph.D. in philosophy was once a oneway ticket to an ivy turret. No more. With declining college enrollments, fewer faculty openings, low starting salaries and little chance for tenure, college teaching has lost much of its allure. Even worse, a Mellon Foundation study estimated that by 1990 the U.S. will have a surplus of 60,000 Ph.D.'s in the humanities.

What are the good doctors to do? Dorothy Harrison, New York State Assistant Education Commissioner, and Ernest May, Chairman of Harvard's History Department, hit on an idea: why not refit Ph.D.'s for the business world? "Here...

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