{ "media_type": "text", "post_content": "Has anyone looked into or pursued a PhD in accounting? I’m 32 years old and planning to have kids in the next few years so the thought of going back to school for 4-5 years is pretty scary. Im also nervous about giving up my salary to be a student again. My partner is very supportive and we don’t necessarily need my salary but I’m also very independent and the thought of relying on someone else financially makes me uneasy. I know I don’t want to stay in public accounting and would love to teach.", "post_id": "5fea49fc5052eb00225a23e4", "reply_count": 9, "vote_count": 2, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

Has anyone looked into or pursued a PhD in accounting? I’m 32 years old and planning to have kids in the next few years so the thought of going back to school for 4-5 years is pretty scary. Im also nervous about giving up my salary to be a student again. My partner is very supportive and we don’t necessarily need my salary but I’m also very independent and the thought of relying on someone else financially makes me uneasy. I know I don’t want to stay in public accounting and would love to teach.

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As someone who considered a phd program, just be aware that its basically a phd in economics. You take mostly econometrics / upper level math intensive courses before you do your research intensive years.

likesmart

Have you considered being an adjunct professor/lecturer? That way you can get the personal/emotional/fulfillment benefits of teaching without having to sacrifice years in school and salary lost. In terms of not wanting to be in public accounting there’s always pivoting to a less demanding role that gives you the balance to teach.

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If you really want to get the PhD, go ahead and get it asap. The reasons you mentioned for not pursuing it will not be as important once you have done it.

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I know someone that went back for a PhD in accounting and then after finishing went back to a big bank. I’d say just be sure you really know what you are getting Into before giving up 5 years of earning potential.

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I’ve been thinking about doing the same thing and have the same fears as you. My main hold ups are that I’m only 28 now but it would be too late to begin next fall so I wouldn’t be able to start until at least fall 2022 when I’m 30 and also a lot of the programs require calc and linear algebra prerequisites which I don’t have. I wonder if it’s possible to just become a full time lecturer and make a decent salary.

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Our potential earning is not that much.

5 years of a manager / senior manager salary or salary In industry adds up vs $25k stipend for housing as a student...

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What’s the point in getting one?

being a professor - teaching but mainly research. Personal fulfillment. A select few industry jobs.

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