SO - 21904079

HTML

<link rel="stylesheet" href="http://code.jquery.com/ui/1.10.3/themes/smoothness/jquery-ui.css">
<script src="http://code.jquery.com/jquery-1.9.1.js"></script>
<script src="http://code.jquery.com/ui/1.10.3/jquery-ui.js"></script>
<link rel="stylesheet" href="http://cdnjs.cloudflare.com/ajax/libs/twitter-bootstrap/2.3.2/css/bootstrap.min.css">
<script src="http://cdnjs.cloudflare.com/ajax/libs/twitter-bootstrap/2.3.2/js/bootstrap.js"></script>
<div class="input-group">
    <div class="input-group-btn btn-group">
        <button type="button" class="btn btn-default dropdown-toggle" data-toggle="dropdown">Select one <span class="caret"></span></button>
        <ul class="dropdown-menu">
            <li><a href="#">Entrepreneurship</a></li>
            <li><a href="#">Investments</a></li>
            <li><a href="#">Management</a></li>
            <li class="divider"></li>
            <li><a href="#">All of the Above</a></li>
        </ul>
    </div><!-- /btn-group -->
    <input type="text" class="form-control" placeholder ="Years of experience" />
</div>

<div class="input-group">
    <div class="input-group-btn btn-group">
        <button type="button" class="btn btn-default dropdown-toggle" data-toggle="dropdown">Select one <span class="caret"></span></button>
        <ul class="dropdown-menu">
            <li><a href="#">Entrepreneurship</a></li>
            <li><a href="#">Investments</a></li>
            <li><a href="#">Management</a></li>
            <li class="divider"></li>
            <li><a href="#">All of the Above</a></li>
        </ul>
    </div><!-- /btn-group -->
    <input type="text" class="form-control" placeholder ="Years of experience" />
</div>

<div class="input-group">
    <div class="input-group-btn btn-group">
        <button type="button" class="btn btn-default dropdown-toggle" data-toggle="dropdown">Select one <span class="caret"></span></button>
        <ul class="dropdown-menu">
            <li><a href="#">Entrepreneurship</a></li>
     ...

JavaScript

jQuery(function ($) {
    $('.input-group-btn .dropdown-menu > li:not(.divider)').click(function(){
        $(this).closest('ul').prev().text($(this).text())
    })
});