Faculty Fellowships in Industrial and Professional Accounting.

Abstract Faculty fellowships in business are attracting increasing attention and support as the advantages, which they afford to industry and to the colleges have become better appreciated. Faculty members receiving such fellowships, whether teachers of business subjects or of the liberal arts, have gained an insight into practical business problems and a firsthand understanding of the American system of free enterprise in actual operation, many of them for the first time. Participating firms believe that the program has definitely contributed towards an improvement in the standards of teaching and that it has been valuable, too, in obtaining objective appraisals and reviews of their own activities. Faculty fellowships usually are arranged for the summer months and may be for varying periods. Often they are for six weeks, but they can be set up for a shorter period such as four weeks, or for as long as an entire summer or college quarter. For teachers on sabbatical leave, fellowships might even be provided for as long as a year, but these are generally restricted to cases where a firm wishes a special project carried out or has an actual position open.