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ACCOUNTING PROFESSOR

Accounting professors help the next generation of accountants,bookkeepers, and many more achieve their career goals with guidance and valued instruction.

Accounting Professor

Accounting professors ensure that students attending colleges or accounting schools have adequate guidance in learning skills they need to succeed in the workforce. They teach university-level accounting courses in various specialties, such as public accounting, taxation and auditing.

College iconAccounting Professor Salary Information

The Bureau of Labor Statistics (BLS) reports that postsecondary teachers of business, the statistical sector that includes accounting professors, earned a 2013 mean annual salary of $89,100, but the range of potential salaries was enormous. The bottom-paid 10 percent of earners among business professors in 2013 took home just $35,460 or less, while the top-earning 10 percent made upwards of $162,840 the same year.

The level at which accounting professors teach can have a significant effect on their salary expectations, according to the BLS. Business professors at colleges, universities and professional schools earned a mean annual wage of $95,650 in 2013, for example, while those at junior and community colleges took home a more modest annual salary of $74,050. Postsecondary business teachers at trade and technical schools earned $56,550 in 2013.

Where you teach can also impact your salary, both on the earnings side and the spending side. States with higher average salaries also tend to come with higher cost of living figures, but there are some regions of the country where the numbers compare favorably. Here are a few choice states for accounting professors, according to 2013 BLS mean annual salary data and 2014 affordability rankings computed by the Missouri Economic Research and Information Center (MERIC):

  • Kentucky: $96,590; ranked 3rd in affordability
  • Indiana: $91,840; ranked 5th in affordability
  • Iowa: $85,470; ranked 9th in affordability
  • Texas: $100,040; ranked 12th in affordability

The highest-paying metropolitan area for business and accounting professors in 2013 was Tyler, Texas, where the BLS reports a whopping mean annual salary of $181,110. Education and experience also exert great influence on salary expectations, with fully tenured accounting professors and those with Ph.D. degrees typically earning more than associate or assistant professors and those without doctoral credentials.

Checkmark iconHow to Become an Accounting Professor

According to the Journal of Accountancy, accounting professors are typically either academically qualified (AQ) or professionally qualified (PQ). Most full-time accounting professors are AQ, meaning they hold advanced degrees, typically doctorates, from accredited accounting schools. PQ professors may have a lower level of academic attainment, but their professional experience and certifications serve to qualify them as experts fit to instruct the next generation of accountants.

For accounting grads already working in the field who would want to advance their careers, pursuing accounting training online could be a way to bolster your educational credentials while maintaining full-time employment. Many accounting schools, online or otherwise, may offer flexible course scheduling for students with family or professional responsibilities.

Career Outlook for Accounting Professors

The BLS reports that demand for professors of all types should lead to rapid growth in employment opportunities at the postsecondary level. Faster-than-average growth of 19 percent is expected between 2012 and 2022, which should lead to more than 15,000 new jobs for business teachers of all kinds.

Increases in overall college and university enrollment are expected to drive demand for new professors, particularly those who can help train students for high-demand or high-value professions. What's more, as more students pursue accounting training online, demand for accounting professors who can teach online courses should increase accordingly.

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Sources
  1. "From practice to the classroom," Robert L. Braun and Shaun Mauldin, Journal of Accountancy, October 2012, http://www.journalofaccountancy.com/Issues/2012/Oct/20103186-classroom.htm
  2. Cost of Living Data Series: First Quarter 2014, Missouri Economic Research and Information Center, Missouri Department of Economic Development, http://www.missourieconomy.org/indicators/cost_of_living/index.stm
  3. Occupational Employment and Wages: Business Teachers, Postsecondary, Bureau of Labor Statistics, U.S. Department of Labor, May 2013,
    http://www.bls.gov/oes/current/oes251011.htm
  4. Postsecondary Teachers, "Occupational Outlook Handbook 2014-15 Edition," Bureau of Labor Statistics, U.S. Department of Labor, Jan. 8, 2014,
    http://www.bls.gov/ooh/Education-Training-and-Library/Postsecondary-teachers.htm