Monday, September 08, 2008

Help Moving into an Ivory Tower

CPAs who want to shift from public accounting into a teaching position at the university level can apply for a $30,000 annual stipend from the Accounting Doctoral Scholars (ADS) program.

The ADS Program, run by the American Institute of Certified Public Accountants Foundation, will give 30 stipends each year to doctoral program students willing to commit to teaching or research in auditing and tax after graduation.

The program is open to CPAs with three years of “meaningful” work experience in public accounting audit or tax who are U.S. citizens or permanent residents.

The job outlook for university accounting professors looks pretty good right now. Currently, over 43 percent of U.S. accounting faculty members are 55 or over and the number of new PhD’s been steadily declining. A “serious crisis” is going to occur in the near future if more CPAs don’t choose teaching careers, according to the American Accounting Association.

ADS has a two-step application process. First, you apply to the program. Then, if you’re selected, you attend a one-day orientation and confirm that you’re applying to enroll in a doctoral program at a participating university for the fall 2009 school year.

The deadline for this year’s applicants is Nov. 3, 2008.

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