Accounting Professor

Industry:
Education
Last Updated:
July 19, 2023

Job Description Overview

An Accounting Professor job description involves teaching students about accounting principles, financial statements, and tax laws. These professors typically work in the education industry, either at colleges or universities, and have a passion for imparting knowledge to young minds. As an Accounting Professor, you will develop lesson plans and create materials for your courses, deliver lectures, and evaluate each student's performance through assignments, quizzes, and tests. Additionally, you may be responsible for supervising students' research projects, guiding thesis writing, or serving on thesis committees. Beyond teaching responsibilities, you may be required to participate in professional development activities and stay up-to-date with the latest accounting industry trends. A successful Accounting Professor should have excellent communication skills, a strong understanding of accounting principles, and a keen interest in educating the future generation.

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Job Duties and Responsibilities

  • Teach students about accounting principles, practices, and procedures
  • Develop lesson plans and create coursework for students
  • Evaluate student progress through assignments, quizzes, and exams
  • Offer individual or group assistance to students who require additional help
  • Conduct research and publish academic papers on accounting topics
  • Participate in departmental meetings and committees
  • Stay up-to-date with developments in the field of accounting to ensure course content is updated
  • Serve as a mentor to students and provide academic advice and support
  • Participate in accreditation and assessment of the accounting program.

Experience and Education Requirements

To become an accounting professor, you need to have a mix of education and experience. You must have a graduate degree, like a master's or doctorate, in accounting or a related field. This helps you to have a deep understanding of accounting concepts and theories. In addition to education, you also need to have practical experience in accounting. This can come from working in accounting firms or other organizations. It's important to have real-world experience because you can teach with more authority and help students understand how accounting is used in the workplace. Strong communication and teaching skills are also crucial to help students learn and succeed.

Salary Range

An Accounting Professor's expected salary range in the United States is between $60,000 to $200,000, depending on their level of experience, education, and academic institution. According to PayScale, the average salary for an Accounting Professor is $96,000 per year. Moreover, Glassdoor revealed that an Accounting Professor's salary range can range from $60,000 to $170,000 per year, with an average annual salary of $100,000 in the US.

In Germany, Accounting Professors have a range of €64,000 to €180,000 yearly, according to the PayScale data. Meanwhile, in Australia, salary range for the role goes from AU$28,000 to AU$221k, averaging at AU$132k, as stated by Indeed.

Sources:

  • PayScale: https://www.payscale.com/research/US/Job=Professor%2C_Accounting/Salary
  • Glassdoor: https://www.glassdoor.com/Salaries/accounting-professor-salary-SRCH_KO0,20.htm
  • Indeed: https://au.indeed.com/salaries/accounting-professor-Salaries

Career Outlook

The career outlook for an Accounting Professor in the Education industry over the next 5 years looks promising. According to the Bureau of Labor Statistics, the employment of postsecondary teachers (which includes Accounting Professors) is projected to grow by 9% from 2020 to 2030, which is faster than the average for all occupations. As the demand for specialized skills in accounting and finance continues to rise, the need for qualified Accounting Professors who can teach and prepare students for these careers will also increase. Additionally, with more universities offering online programs, there will be an opportunity for Accounting Professors to teach and reach a broader audience. Overall, the career outlook for Accounting Professors is looking bright.

Frequently Asked Questions (FAQ)

Q: What is an Accounting Professor?

A: An Accounting Professor is a teaching professional who specializes in accounting and teaches students enrolled in undergraduate and graduate degree programs.

Q: What are the educational requirements to become an Accounting Professor?

A: To become an Accounting Professor, you typically need to have a doctoral degree in accounting or a related field, such as business or economics.

Q: What does an Accounting Professor's job entail?

A: An Accounting Professor's job usually entails developing curricula, conducting lectures, grading assignments and exams, overseeing student research projects, and providing guidance and mentorship to students.

Q: What kind of skills are required to become an Accounting Professor?

A: To become an Accounting Professor, you should have excellent communication and organizational skills, strong knowledge of accounting principles, and the ability to think critically and creatively in order to engage and challenge your students.

Q: What kind of opportunities are available to Accounting Professors?

A: Accounting Professors may pursue a variety of career opportunities, including tenure-track positions at universities or colleges, consulting roles, and leadership positions in academic or professional organizations.


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