|
|
|
 Topic: Pursue PHD or find a job at age of 40? ( Topic Closed)
|
 
|
| Author |
|
crabbing
Newbie
Joined: 10 Aug 2011
Online Status: Offline
Posts: 18
|
| Posted: 05 Nov 2011 at 14:10 | IP Logged
|
|
|
MBA with 3 years working experience as accountant at U.S., passed 4/4 cpa exams in August this year (2011). Now consider what to do next......
Unemployment for almost a year (focus on the cpa exams), what should I do next? should I start to look for a full time job ( but the salary for an accounting position as medium level is not very well now the days.) Or pursue Ph.d degree,spend one month to prepare GMAT test? I have more than 150 credit with years of education background. But thinking of spending another 4 years to get a degree in order to be professor, it seems too long to me. but the professor's salary should be much better than as an accountant...
Age of 40 years old is a big dilemma for me. what should I do next?? any recommendation?
|
| Back to Top |
|
| |
cpafg
Newbie
Joined: 27 Dec 2010
Location: United States
Online Status: Offline
Posts: 15
|
| Posted: 08 Nov 2011 at 17:53 | IP Logged
|
|
|
If you like school and has no pressure to work, then PHD might not be a bad idea.
|
| Back to Top |
|
| |
NewguyCPA
Newbie
Joined: 21 Apr 2008
Online Status: Offline
Posts: 31
|
| Posted: 10 Nov 2011 at 18:41 | IP Logged
|
|
|
Hi,
I am in the same boat as crabbing. I will be 35yo next
year. I migrated to US in 2008. Got my CPA license Oct
2011 from CA state [p/s: Thank goodness, CA state
recognize my foreign public accounting experience.]
It's kinda ironic - I have 6 years working experience
with oversea big 4 in Malaysia and China before I move to
US in 2008.Since then, i have applied to all the regional
firms and small CPA firms in CA. So far, I only have had
phone conversation with PwC and that too was rejected
after a week.
I thought by getting a CPA license would make a
difference. I was dead wrong. Even with my current CPA
licensing, I still cant find any jobs with public
accounting firms.
I wonder- should I get a Master in Accounting from USC?
I only have foreign degree in accounting-not from US. Is
lacking of US education the main reason for not
considering my application?
__________________
BEC-11/8/2008 91
AUD-5/4/2009 67,4/27/2010 87
REG-4/4/2009 67,4/24/2010 87
FAR-4/13/2009 74,8/30/2009 80
NOT US UNDERGRAD. NEVER STUDIED US LAWS, TAX,REGULATIONS PLUS US GAAP and US GAAS.
|
| Back to Top |
|
| |
TaxProfMom
Regular
Joined: 19 Mar 2010
Location: United States
Online Status: Offline
Posts: 112
|
| Posted: 07 Mar 2012 at 22:36 | IP Logged
|
|
|
I have a MAcc and MBA, and have been teaching 4 years at a top-tier
university as an adjunct. Tenure track is REALLY hard to get on. You
must have a PhD from a top research univ. to even be considered. I have
great student ratings, play the politics well, and I can't get a non-TT
contract position. My dept. head says I'm fantastic, one of their best, but
another non-TT position is at least a year away.
I work 30 hrs a week, teach 6 classes a year year-round, and make -
ready for it? Between 4400 (undergrad) and 5000 (MBA) per class. I'd
more as a manager at Target.
When I was a big 4 project manager 9 years ago, I made 119k plus bonus.
Yes, my job teaching is fantastic and incredibly rewarding - but the pay
bites and no benefits.
Newly crowned CPA even with experience - line up behind everyone else
who wants to teach. Community college is even worse - about 2200 per
course. Most of the instructors I know cobble together accounting,
consulting, corporate ed, adjunct work at multiple universities - and are
lucky to pull in 60k per year.
If you're serious, check out the Chronicle of Higher Ed and other
education forums. I love what I do, but it pays horribly.
As an aside, I have a cousin with a PhD in Electrical Engineering, is a
department chair, tenured at a medium sized university - where he's been
for 25 years. He makes $62k per year.
__________________
FAR - (Becker) 4/11 83!
AUD - (Roger) 8/11 86!
BEC - (Roger) 11/11 87!
REG - (Roger) 2/17/12 84!
BA Econ '93, MBA '00, Kid1 '04, Kid2 '06, MSAT '09
|
| Back to Top |
|
| |
TaxProfMom
Regular
Joined: 19 Mar 2010
Location: United States
Online Status: Offline
Posts: 112
|
| Posted: 07 Mar 2012 at 22:38 | IP Logged
|
|
|
Oh, and GMAT is easy like the SATs - no prep needed beyond a few
Saturdays running practice tests. I'd get a job first, then think about if there
is even a qualified research PhD program near you.
Also it's rare that universities hire their own PhDs - the expectation is you
will relocate after graduation.
__________________
FAR - (Becker) 4/11 83!
AUD - (Roger) 8/11 86!
BEC - (Roger) 11/11 87!
REG - (Roger) 2/17/12 84!
BA Econ '93, MBA '00, Kid1 '04, Kid2 '06, MSAT '09
|
| Back to Top |
|
| |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum
|
 Copyright ©2001-2010 Web Wiz Guide
This page was generated in 0.0898 seconds.
|
Active Topics 
Memberlist 
Search 
Help
Register 
Login
