Management And Accounting Web

AACSB International. 2013 and 2016. 2012-2013 and 2015-2016 Salary Survey Reports: Executive Summary. AACSB.

Summary by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida

Advice for Ph.D. Students and New Faculty | Educations Issues Main Page

Citation: Martin, J. R. 2016. AACSB International 2013 and 2016. 2012-2013 and 2015-2016 Salary Survey Reports: Executive Summary. AACSB. Management And Accounting Web.

The 2012 report covers 35,125 faculty members and 6,465 administrators in 28 business fields. The 2015 report covers 28,334 faculty members and 5,341 administrators in the same 28 business fields. The table below provides a summary of the salaries for accounting/taxation faculty summarized from Tables 5a-5e in both reports.

Faculty - Accounting/Taxation Mean Salary Mean Salary
for New Hires
2012 2015 2012 2015
Professor $147,900 $163,800 $158,900 $193,400
Associate Professor 125,900 139,300 150,500 148,300
Assistant Professor 131,600 145,600 134,900 147,900
Instructor 71,800 79,200 72,500 78,700
New Doctorate 142,500 156,900 -  

The mean salaries are interesting, but not very useful for identifying salaries at a particular type of college or university. However, the full report provides more specific salary data in separate tables for each of the following:

Public Accredited,
Public Non-Accredited,
Private Accredited,
Private Non-Accredited,
Non-Accredited, and
All AACSB Members.

The executive summary includes data for 9 groups as indicated below in an adaptation of Table 5e in both reports.

New Doctorate Salaries - Adapted from Table 5e
Field or Discipline Mean
Accounting/Taxation $142,500 $156,900
CIS/MIS 111,300 107,500
Economics/Managerial Economics 88,200 92,200
Finance/Banking/Real Estate/Insurance 135,200 144,500
Management/Behavioral Science/International Business/Strategic Management 109,100 113,800
Marketing 111,800 126,700
Production/Operations Management 121,900 122,900
Quantitative Methods/Operations Research/Statistics 98,700 120,300
Combined (All fields/disciplines, including fields not listed above) 105,700 124,800

The shortage of accounting faculty has driven up salaries for new doctorates. For more information see below.


Other Articles related to the Accounting Doctoral Shortage and Opportunities to Teach Accounting

AACSB International. 2003. Sustaining Scholarship in Business Schools. AACSB.

AACSB International. Global Salary Survey Reports.

Albrecht, W. S. and R. J. Sack. 2000. Accounting Education: Charting the Course through a Perilous Future. Accounting education Series (16): American Accounting Association.

Behn, B. K., G. A. Carnes, G. W. Krull Jr., K. D. Stocks and P. M. J. Reckers. 2008. Accounting Doctoral Education - 2007 A Report of the Joint AAA/APLG/FSA Doctoral Education Committee. Issues In Accounting Education (August): 357-367.

Bergner, J. 2009. Pursuing a Ph.D. in accounting: Walking in with your eyes open: Here's how the doctoral track looks through the eyes of one student. Journal of Accountancy web-exclusive article. (Mentioned in the March issue as an AICPA resource on page 40). (JOA Link).

Beyer, B., D. Herrmann, G. K. Meek and E. T. Rapley. 2010. What it means to be an accounting professor: A concise career guide for doctoral students in accounting. Issues In Accounting Education (May): 227-244. (Summary).

Bishop, C. C., D. M. Boyle, B. W. Carpenter and D. R. Hermanson. 2016. Transitioning into academia: A new pathway for practitioners. Journal of Accountancy (March): 48-53. (JOA Link).

Bishop, C. C., D. M. Boyle, R. R. Clune and D. R. Hermanson. 2012. A different model for doctoral education in accounting and auditing: Student and faculty reflections. Current Issues in Auditing 6(1): A1-A16. (Note).

Bonner, P. 2010. New pathways to accounting excellence. Journal of Accountancy (October): 56-60. (Interview with Pathways Commission Chair Bruce Behn related to charting a national higher education strategy for the next generation of accountants).

Bonner, P. 2012. Bolstering the future of accounting education. Journal of Accountancy (October): 38-39.

Boyle, D., D. Hermanson and M. Mensah. 2011. Addressing the accounting and auditing faculty shortage: Practitioners' perceptions of academia. Current Issues in Auditing 5(1): A70-A85.

Boyle, D. M., B. W. Carpenter, D. R. Hermanson and M. O. Mensah. 2013. The accounting doctorate shortage: Opportunities for practitioners. Strategic Finance (May): 30-36. (Note).

Campbell, T. L., J. R. Hasselback, R. H. Hermanson and D. H. Turner. 1990. Retirement demand and the market for accounting doctorates. Issues In Accounting Education (Fall): 209-221.

Gary, R. F., C. A. Denison and M. L. Bouillon. 2011. Can obtaining an accounting Ph.D. provide a positive financial return? Issues In Accounting Education (February): 23-38. (Summary).

Grasso, L. 2008. The accounting Ph.D. shortage: Crisis or opportunity? Cost Management (March/April): 15-25. (Note).

Hunt, S. C., T. V. Eaton and A. Reinstein. 2009. Accounting faculty job search in a seller's market. Issues In Accounting Education (May): 157-185.

Kachelmeier, S. J., S. Madeo, D. Plumlee, J. H. Pratt, G. Krull and G. Thornton. 2005. Report of the AAA/AAPLG Ad Hoc Committee to assess the Supply and Demand for Accounting Ph.D.s. A joint project of the American Accounting Association and the Accounting Programs Leadership Group. (Note).

Leslie, D. W. 2008. Accounting Faculty in U.S. Colleges and Universities: Status and Trends, 1993-2004. A Report of the American Accounting Association. American Accounting Association. (Note).

Martin, J. R. Not dated. The accounting doctoral shortage and opportunities to teach accounting. Management And Accounting Web.

McNair, C. J. and B. Richards. 2008. Unintended consequences: Death of the teacher-scholar. Cost Management (January/February): 21-28. (Summary).

Meyer, M. J. and P. L. Titard. 2000. Those who can ... teach. Want to exchange your Palm Pilot for a blackboard, get a PhD and go back to college as a teacher? The time to do it is now. Journal of Accountancy. (July): 49-58. (Note).

Meyers, R. 2006. Teaching for the love of it. Journal of Accountancy (June): 30-38.

Plumlee, R. D., S. J. Kachelmeier, S. A. Madeo, J. H. Pratt and G. Krull. 2006. Assessing the shortage of accounting faculty. Issues In Accounting Education (May): 113-125.

Reigle, D. 2008. Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits. AICPA.

Ruff, M., J. C. Thibodeau and J. C. Bedard. 2009. A profession's response to a looming shortage: Closing the gap in the supply of accounting faculty. Journal of Accountancy (March): 36-41. (JOA Link).

The Pathways Commission. 2012. The Pathways Commission on Higher Education: Charting a National Strategy for the Next Generation of Accountants. American Accounting Association and American Institute of CPAs. (Note).

Trapnell, J. E., N. Mero, J. R. Williams and G. W. Krull, Jr. 2009. The accounting doctoral shortage: Time for a new model. Issues In Accounting Education (November): 427-432. (Note).