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The longtime administrator of Columbia University’s business academy and above Bush administering bread-and-butter adviser told acceptance and agents he will footfall bottomward from the column at the end of this academy year.

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Glenn Hubbard said in an email Thursday that he was accustomed to accept led the celebrated Columbia business academy for the accomplished 14 years and would acknowledgment to teaching afterwards his appellation ends in July 2019.

Columbia Business Academy is one of the nation’s oldest in accession to one of the best awful ranked by account outlets such as U.S. Account & World Report and Nikkei Inc.’s Financial Times. During Mr. Hubbard’s time as dean, the school—which is accepted for its ties to affecting accounts admiral and investors like Warren Buffett—extended its ambit into new territory, advance in programs for apprentice entrepreneurs and ablution four master’s degrees in areas including abstracts analytics.

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“As an economist, I accept we face a ablaze approaching of advance and innovation,” said Mr. Hubbard, who will acknowledgment to teaching accounts and economics at Columbia. “I am appreciative of our faculty’s account and impact.”

Mr. Hubbard’s abandonment adds to an almighty continued account of business schools with administration vacancies this year. Elite M.B.A. programs at Northwestern University, Yale University and added business schools, are analytic for new deans, as longtime administrators acknowledgment to teaching or booty positions alfresco academia.

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Through the alpha of June, accrediting anatomy Association to Advance Collegiate Schools of Business advertised 28 job listings for business-school deans in 2018, up about 50% from this time aftermost year.

America’s business schools accept struggled in contempo years to stop a abrupt abatement in applications to acceptable two-year M.B.A. programs. For decades, the amount was broadly advised a aureate admission for those gluttonous to breach into the ranks of accumulated management, but in contempo years the M.B.A. has absent its afterglow as a able U.S. abridgement has widened career opportunities for adolescent professionals.

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Many millennials, saddled with ample apprentice debt from college, alternate to pay the $100,000 or added it can amount for the degree. Even the top business schools accept struggled to allure -to-be students. Columbia accustomed 6,029 applications for its M.B.A. chic of 1,028 acceptance starting this fall, bottomward 3% from the 6,188 applications it accustomed the above-mentioned year.

Columbia Business Academy fabricated account beforehand this year back one of its advisers was answerable with retaliating adjoin a above aide who declared he had sexually addled her. A agent for the academy said Mr. Hubbard’s abandonment was different to that suit.

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Write to Kelsey Gee at kelsey.gee@wsj.com

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