If you take a look at the big accounting firms, you will see that they do not have Ph.D. holders in their. While there are some Ph.D in accounting, these are still rare scenarios even at such big firms. Hence, it's common that you may not even hear something like this at other places. If you are thinking of becoming a CPA, there is an advanced coursework you will have to do apart from a bachelor’s degree. Most CPAs generally have done a master's degree at max. The Ph.D. degree in your resume adds a research component that usually has limited uses which may be the case for many PhDs and research.

Coming back to UCincinnati, the institute sees more than 80% of its graduates getting placed within three months of completing their education. The median starting salary for accounting graduates is USD 53,526 which is pretty good. Aramark Corporation, Ashland Inc, Bestek Global LLC, Fifth Third Bank are some of the top recruiters at the institute.

When it comes to Academia, a Ph.D. in accounting is not something you see every day means it is quite rare. Many professors have done their Masters but have not done their Ph.D. You may find this usually in small schools where they don’t consider this aspect.

If you are keen to learn to conduct accounting research, you may as well go ahead and complete a Ph.D. in accounting. Usually, people who have done PhDs to enter academia leave because what is expected of them at the institute is high meanwhile the compensation is quite low. There is no doubt that a CPA who has experience will surely make more money than a college or university accounting professor. You can consider this if you are doing a Ph.D. with good salary expectations.

You can consider doing a Ph.D. depending on aspects that are important to you and whether or not the institute will be able to help you meet your objectives and goals.