r/AskAcademia • u/Ok_Gas_9737 • 4m left
Professional Fields - Law, Business, etc. CPA +18 years in audit/consulting (now a partner), considering a PhD. Accounting, OB, or something else?
Hi all!
I’m 17 years into my professional career and seriously considering a PhD, and I’d love input from people who’ve made a similar jump or who sit on admissions committees.
Background: CPA. 14 years at a Big 4 firm in audit (including time as a national instructor running firm-wide training), and now a partner at a boutique advisory firm. BBA in Accounting and MSA from a top US program. If it matters from an admissions perspective, I'm female and Hispanic.
Research: I go back and forth on the research aspect of working in academia. At times, I get excited about emerging topics - like how AI adoption will change how public companies report, how management makes disclosure decisions, and how audit firms change their approach in this rapidly shifting landscape. I don't know from a discipline perspective if my interests sit somewhere between accounting, organizational behavior, and maybe management or strategy - and what does that mean for the program I would apply to. I love to write. I was good at math, once upon a time when it mattered, and I do enjoy math.
Teaching: I know I want to teach. This is the aspect of the academia career that I am most excited about - teaching and mentoring students, and bringing my real-world experience into the classroom. I also have young kids and want a more balanced life than consulting allows, while still earning a decent salary (hence wanting to pursue PhD vs. being an adjunct professor).
My questions:
- Field fit: Would I be better served by an accounting PhD (behavioral/judgment and decision-making track) given my background, an OB/management PhD, or something else? Does a CPA and practice experience matter much outside accounting departments?
- Leaving industry: How have others with 10+ years in industry managed the transition to a PhD program. I know it's a lot of work, but I've lived a life of all-nighters and client deadlines and insane pressure, so it is the same as that or worse or different?
- Age and timing: I’d finish in my late 40s. Is that a disadvantage on the job market?
- Balance: People who’ve done the PhD with young kids, how did you make it work? And is tenure-track actually more balanced than partner life, or just a different intensity?
- Compensation: Any realistic sense of salaries for accounting vs. management faculty at R1s vs. teaching-focused schools? What should I be ready for in terms of compensation?
I’m looking for honest perspectives on whether this path gets me to teaching, interesting work, reasonable pay, and more time with my family. Thanks in advance.