Usually I use $(\"#id\").val() to return the value of the selected option, but this time it doesn\'t work. The selected tag has the id aioConceptName
$(\"#id\").val()
aioConceptName
I stumbled across this question and developed a more concise version of Elliot BOnneville's answer:
var conceptName = $('#aioConceptName :selected').text();
or generically:
$('#id :pseudoclass')
This saves you an extra jQuery call, selects everything in one shot, and is more clear (my opinion).