It's still a 'may' headline but am positive. A lot of places don't consider me suitable in a 'teacher' role simply coz of the Ph.D. requirement.
In the same breath, when I talk with Ph.D.s I am astonished at the (lack of) quality with which a good number of these places make do.
And I can only imagine what's the state of affairs at not-so-known B-schools, and they simply take 2 mighty years away. The folks are reeling under shortages of faculty, and of the grey matter in the heads of their faculty, and then release an ad saying they want 'Ph.D.'. Meanwhile students, when they go out looking for well-paying jobs, brandish an MBA on their CVs, with obnoxious grammar and spelling mistakes haloing that MBA.