PhD or DBA in Accounting
Doctorate programs in accounting were not very common until recent years, but you can pin the blame on the job market. When the bachelor’s degree becomes standard, professionals have to get a master’s degree to stand out; when everyone has a master’s degree, where do you go but up? The two main doctoral degrees in accounting are the Doctor of Business Administration and the PhD. Both are terminal degrees, both take a good deal of hard work (as little as one year, but as many as 4 to 5 years), and both serious accomplishments.
The DBA is a professional (rather than academic) degree, meaning it is intended for people who want to actually work in the field, as opposed to research or teaching. The DBA will focus more on leadership and using accounting knowledge and expertise in an administrative capacity, such as C-level executives or vice presidents. The PhD is for accountants who want to teach accounting at the college level, or work in research, so it will focus more heavily on research, writing, and teaching skills. Either degree may be appropriate if you’re interested in working as a corporate consultant, entrepreneur, or accounting guru.