cheapest online phd in accounting

15 Best PhD in Accounting Online Programs [2024 Guide]

Explore Online PhD in Accounting Programs. Compare doctoral programs, specializations, careers, and salaries.

Whether you’re a seasoned veteran of the financial world or fresh out of your master’s degree program, you may find plenty of appeal in getting your PhD in Accounting online.

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Online accounting degree programs offer the same level of education as their traditional on-campus counterparts but are often more convenient and less expensive.

Online PhD in Accounting Degrees

Some of the most popular doctoral accounting degrees include the following. Click on the one that most interests you to jump to that section of the guide.

Financial Accounting

Managerial accounting.

Choosing a specialty can help prepare you for an interesting and rewarding career.

A PhD in Auditing can help you become an in-depth investigator for many types of businesses. Taking Auditing classes can give you the opportunities to learn economic principles, accounting, taxation, some government system types, and business policies.

Additionally, auditing is commonly used in the insurance field. Graduating with this degree can help you pursue a highly paid job and make yourself a great career.

The most common position for Auditing professionals is working for a large corporation or regulatory agency. If you like accounting, are responsible, and detail-accurate, then you probably already know how much you enjoy auditing.

Finance is a little broader than Accounting but encompasses the topic. If you enjoy looking at the big picture of a company’s, organization’s, or even a person’s finances, this might be the doctoral program for you.

From accounting to investing to planning and advising on other financial strategies, you may be able to play an important role in managing the funds of a company or for your clients. You might work for an investment company, a large corporation, a non-profit, or even a government entity.

From financial analyst to investment specialist to CFO, you’ll have many career options available to pursue. Many degree holders teach Finance and/or Accounting subjects at the university level.

A PhD in Financial Accounting may be a great start for those who are looking for a career in academic or research organizations. Taking classes in Financial Accounting can help you learn about business and economics in general and gain statistical and research skills.

Many students study Financial Accounting for the possibility of personal growth and higher earnings.

After graduation, you may work in government agencies, educational institutes, and non-profit organizations, as well as big business.

Managerial Accounting forms most of the accounting departments in many businesses. Earning a PhD in Managerial Accounting can help students learn economic principles and gain leadership and management skills.

Studies in this degree can help you learn about investment and risk, cash flow valuation, and treasury risk management. After graduation, you may find yourself a career as an investment advisor, lead accountant, senior auditor, or department head.

A Managerial Accountant PhD is often in the top position in their sphere. A person who loves numbers, is accurate, and has a great eye for the details may find a great fit for any type of Managerial Accounting career.

A PhD in Taxation can help provide you with the knowledge to assist businesses and individuals to navigate tax law. It can help you gain the skills for addressing current and future issues of taxation.

You should be interested in economics, accounting, and finance if you want to get a PhD in taxation. After graduation, you may find a job as a government researcher, financial analyst, or corporate accountant.

What Is an Online PhD in Accounting?

Often requiring between 72 and 90 credit hours to complete, securing a PhD in Accounting may serve as the perfect platform to display your expertise in the inner workings of generally accepted accounting principles (GAAP), as well as other facets of the modern accounting industry.

Additionally, focusing on this kind of graduate degree also allows for academic research and theoretical discussion, leading plenty of PhD candidates to remain in academia.

The “online” part simply means that you get a similar education as you would attending class in person, but you get to complete your classes in a more flexible manner and often on a more flexible timeline.

Online PhD in Accounting Curriculum

As far as your actual coursework goes, you will likely touch on a wide array of topics, including:

• Accounting Research Methods
• Econometric Theory
• Math Tools for Accounting
• Small Group Theory
• Teaching Best Practices

Most PhD programs in accounting require a dissertation, but there are a number of online DBA programs with no dissertation required. Concentrations are available in accounting, finance, and related fields.

Learning what to expect now can give you a better idea of how to schedule courses and properly prepare for this learning experience later on down the road.

Career Outlook for a PhD in Accounting vs. PhD in Finance

In reality, these two disciplines are different sides of the same coin. Earning a PhD in Accounting revolves around auditing and recording past fiscal matters, while going the finance route focuses on leveraging this information to generate future projections and support sound business decisions.

According to the Bureau of Labor Statistics (BLS), earning a PhD in Accounting and taking on a position as an economist can potentially net you an average annual salary of $105,020. As for professors in the business and finance field, expecting compensation that falls somewhere between $80,300 and $191,760 during the same timeframe is a potentially realistic outlook.

Here are some other career options to consider.

• Financial Analyst
• Financial Consultant
• Investment Researcher
• Department Manager

You might work for large corporations, investment firms, non-profit organizations, or the various levels of government. Every entity in every sector deals with finances.

How Do You Get a PhD in Accounting Online?

When it comes to actually working through your coursework and ending up on the big stage with this kind of post-graduate degree in hand, you have two primary paths to success: taking classes on campus or completing your PhD program via a digital classroom setting.

Depending on your current professional and personal situations, splitting your time between flexible online learning and the real-world interaction (dissertation defenses, counselor meetings, fieldwork, etc.) could be the key to avoiding unnecessary burnout and scheduling stress.

The first step to earning your terminal Accounting degree online is to narrow down your selection of schools and apply.

PhD Admission Requirements

To enter into a PhD in Accounting program, you’ll most likely have to jump through a few admissions hoops to beat out the rest of the applicant field. Submitting official transcripts of your bachelor’s and accounting master’s degree , as well as maintaining a GPA of at least 3.0, often serves as the first few steps of the process.

From this point, providing three letters of recommendation – usually via supporting faculty members – comes next. Finally, don’t be surprised if submitting your professional resume or achieving certain scores on the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) also enters the picture.

Accreditation

Just like everything needs to line up in the ledger, so everything needs to line up regarding a university’s credentials. It’s best if a regional board periodically audits the school and validates the educational programs it offers with official accreditation.

Make sure the universities you apply to are accredited by one of these boards:

• Higher Learning Commission (HLC)
• Middle States Commission on Higher Education (MSCHE)
• New England Commission of Higher Education (NECHE)
• Northwest Commission on Colleges and Universities (NWCCU)
• Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
• WASC Senior College and University Commission (WSCUC)

If the university you attend isn’t accredited, other schools and potential employers may not respect your degree.

Financial Aid

Speaking of money, earning your next degree will probably be quite an investment. Look for these opportunities to lighten your expenses.

• Scholarships
• Fellowships
• Employer Tuition Assistance

You may also qualify for deferred loans to help you get through school and back into the workforce before you need to pay too much out of pocket. Start your search by looking into the federal student aid available for graduate students .

Universities Offering Online PhD in Accounting Programs

Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer degree programs online or in a hybrid format.

Capella University is located in Minneapolis, Minnesota and is owned by Strategy Education, INC. This university delivers most of its programs online. It was founded in 1993 as The Graduate School of America.

Approximately 23% of the 38,000 students enrolled in Capella classes are doctoral candidates. Capella University works to make sure that students experience great support as they join a community of professionals. Their programs are designed to help students gain skills and knowledge that are relevant to their career goals.

• PhD in Accounting
• DBA in Accounting

Capella  is accredited by the Higher Learning Commission.

City University of Seattle is a private university located in Seattle, Washington. It offers both campus and online classes, so you can find your preferred learning method. It all started back in 1973 when Dr. Michael A. Pastore founded City University to provide higher education for working adults.

Over the years, the school has increased its locations and student count. You can choose different degrees you want to study starting from certificate to Doctorate. There are different areas of study you can choose: Business and Management, Computer and Info Systems, Teaching and Education.

• DBA in Business Administration (Finance concentration)

CityU  is accredited by the Northwest Commission on Colleges and Universities.

Drexel University, located in Philadelphia, Pennsylvania is a private research university founded by Anthony Drexel in 1891. It offers approximately 70 bachelor degree programs and 100 graduate degrees. Out of the nearly 25,000 students enrolled per year, one-third of them are grad students.

The Drexel Dragons play in the NCAA Division I, and there are many other student organizations to participate in.

Drexel’s LeBow College of Business is among the elite 20 percent of business schools to be accredited by AACSB International.

Franklin University’s 100% online DBA with optional accounting focus areas that can be finished in as few as 3 years. This 58 credit hours program will prepare students to be problem solvers in their own businesses, can be a consultant to a business organizations, or a business teacher

• DBA (Accounting concentration)

Franklin University  is accredited by the Higher Learning Commission.

This is a Christian university located in Newberg, Oregon and founded as a school for Quakers in 1891. The private university has over 4,000 students and offers classes in psychology, social work, business, counseling, and accounting.

The university was called Friends Pacific Academy for a few years before it became a college in 1891. Also, have you ever heard of the athletic team named the Bruins? George Fox University has over 21 different sports – 11 for women and 10 for men. Attending this university is a great chance to grow professionally, spiritually, and academically.

George Fox  is accredited by the Northwest Commission on Colleges and Universities.

Indiana Wesleyan University, located in Marion, Indiana, is a private university affiliated with the United Methodist Church. It is also the largest private college in Indiana.

Most of the school’s 13,000 students are online, enrolled through IWU-National & Global. Through IWU, you can earn your pick of 80 bachelor degrees, 57 master’s, and 9 doctorates.

The Global campus includes a seminary for theologians and pastors.

The Wildcats play in the NCCAA Division I.

Indiana Wesleyan University  is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools.

Kansas State University, or K-State, is a public research university. Its main campus is located in Manhattan, Kansas. It first opened in 1863 and was the first institution of higher education in the state.

Originally, the university was named Kansas State Agricultural College. Nowadays, it is a popular university. Furthermore, it offers a great active student life. Kansas State University has sports teams that play as the Wildcats in the NCAA Division I.

• Hybrid PhD in Personal Financial Planning

Kansas State  is accredited by the Higher Learning Commission.

Liberty University is one of the largest Christian universities in the world, and it is also one of the largest non-profit universities in the U.S. The school consists of 17 colleges in total, including the medical school and a school of law.

The university has a traditional Christian orientation with three Bible-classes for undergraduate students. Liberty University was founded in 1971 by Jerry Falwell and Elmer L. Towns, and at first, it was a Lynchburg Baptist College.

However, it is not all about education and religion. The university is a member of the Atlantic Sun Conference for 17 of its 20 different sports. If you are looking for a great place to get an education in a Christian setting, Liberty University could be a good fit.

Liberty  is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

If you are looking for an acclaimed non-profit university for your online studies, you may wish to look into National University. NU is a continually growing network of nonprofit educational institutions dedicated to supporting students through career-driven education and services that aim to help them succeed in their educational, work, and personal lives.

National University was founded by US Navy Captain David Chigos in 1971. Since then, it has created a community of over 30,000 students and 220,000 alumni from around the world. It is a top educator of US military students and the largest non-profit in San Diego.

The school offers over 190 degrees at all levels of higher education, including the following:

• PhD in Business Administration – Advanced Accounting
• DBA in Financial Management
• DBA in Advanced Accounting

National University is accredited by the WASC Senior College and University Commission.

Rutgers University is an American public research university located in New Jersey. It is the largest higher education institution in the state.

Originally, the university was created as Queen’s College in 1766. It is the 8th oldest college in the U.S. The institution was renamed as Rutgers College in 1825.

Rutgers is known as the “birthplace of college football,” so you know it places a lot of importance on athletics.

Rutgers  is accredited by the Middle States Commission on Higher Education.

Saint Leo University was founded in 1889 and is a private Roman Catholic liberal arts university in St. Leo, Florida. It was the first Roman Catholic college in Florida and is one of the 5 largest Catholic colleges in the U.S.

Saint Leo University was also one of the first universities in the country that provided online education. Students that enroll in Saint Leo University have a great and active student life through a variety of organizations, clubs, and societies.

Saint Leo University athletic teams, named the Lions, participate in baseball, basketball, and golf for men, and swimming, softball, tennis, and volleyball for women.

Saint Leo  is accredited by the Southern Association of Colleges and Schools.

Trident University is a private online university in California. The university offers associate’s , bachelor’s, master’s, and doctoral degree programs. Also, you can get certificates in education, business, and information systems.

Trident University was founded in 1988 with headquarters was in Cypress, California. It is a great way to get an education for veterans and the military, as the university is online, though Trident University is a flexible university for everybody.

• PhD in Business Administration – Accounting

Trident  is accredited by the WASC Senior College and University Commission.

The University of Dallas is a private Catholic school founded in 1956 in Irving, Texas. Since then, the university has been ranked as a leading university for both Catholic and traditional academic students, ranked 6th in both best regional universities in the west and best value schools by U.S. News & World Report .

Today, the University of Dallas enrolls 3,000 students from all over the world, 1,000 of which are graduate students. It continues to provide higher education with a Catholic perspective. On-campus students will enjoy the 744-acre property.

UD  is accredited by the Southern Association of Colleges and Schools.

The University of South Carolina is a public research institution in Columbia, South Carolina. It has been listed as an up-and-coming university by  U.S. News & World Report . It was established in 1801 and is one of the oldest universities in South Carolina.

There are approximately 50,000 students enrolled in the university, which makes it one of the largest educational institutions in Carolina.

The school‘s 19 sports teams are competing in the Southeastern Conference and are known as Gamecocks. The university has a rich history of 200+ years of leadership in education.

• Hybrid DBA in Business Administration – Finance

USC  is accredited by the Southern Association of Colleges and Schools.

Walden University is an online university headquartered in Minneapolis, Minnesota. This university is a part of a global network managed by Laureate Education, Inc. Originally, it was established in 1970 by two teachers from New York City.

Walden University receives more than 75% of its funds from the US government and guarantees you that it can offer you a student loan. It offers plenty of degree programs, starting from bachelor’s to doctoral. It has nearly 50,000 students enrolled, most of who are online.

Walden  is accredited by the Higher Learning Commission.

Is a PhD in Accounting Worth It?

Yes, a PhD in accounting is worth it for many students. The Bureau of Labor Statistics is projecting 5% job growth in business and financial occupations over the next 10 years. Common careers in this field include financial analyst, economist, investment researcher, and financial consultant.

The salary statistics says that earning the highest degree in your field is may be worth it considering the potential increased pay you’ll likely receive over the life of your career compared to the investment in education.

Of course, not every PhD student takes on this learning experience to move into a new position. This means that determining the worth of your time in the classroom can rest upon intangible considerations.

It will take a heavy commitment of time for the next couple of years. Is becoming an expert in your field something you want to spend the time on?

If so, you can start the process now, conveniently, online.

5 Best Ph.D. in Accounting Online Programs

Reviewed by David Krug David Krug is a seasoned expert with 20 years in educational technology (EdTech). His career spans the pivotal years of technology integration in education, where he has played a key role in advancing student-centric learning solutions. David's expertise lies in marrying technological innovation with pedagogical effectiveness, making him a valuable asset in transforming educational experiences. As an advisor for enrollment startups, David provides strategic guidance, helping these companies navigate the complexities of the education sector. His insights are crucial in developing impactful and sustainable enrollment strategies.

Updated: March 13, 2024 , Reading time: 15 minutes

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Due to the popularity of the field of teaching, more Certified Public Accountants are growing to wonder what it would be like to become an accounting professor. The good news is CPAs can teach accounting programs in selected postsecondary institutions without a doctorate. However, if you’re planning to become a tenured university professor, you need to obtain a doctorate in accounting, specifically a Ph.D.

Getting your Ph.D. in Accounting online may appeal to you whether you have experience in the industry or are just out of your master’s program. Online accounting degree programs provide the same quality of education as their conventional on-campus counterparts but at a much lower cost and more flexibility.

Quick audio summary:

Pursuing a Ph.D. in accounting can be a wise choice if you’re already working in the field and want to improve your earning potential and job chances. A Ph.D. in accounting is the terminal degree of the field, which means that it is the highest academic achievement accountants can obtain. An online Ph.D. may also require doctoral students to conduct original research to advance their expertise in the discipline and prove their competencies.

Methodology

Doctoral degree holders can pursue lucrative accounting careers in academia, finance, and business management. Did you know that business schools rarely offer a Ph.D. in Accounting online? We did the research for you and rounded up the five best online programs! Each outstanding online Accounting Ph.D. program was picked based on these factors:

• Delivered in online or hybrid classes, featuring rigorous, advanced Accounting courses that underscore intensive research theories and application techniques of use in top-level accounting careers and concentrations,
• Utilizes Learning Management Systems that provide adult learners with easy-to-access doctoral coursework,
• Taught by seasoned Accounting experts and specialists who hold terminal degrees,
• Obtained proper accreditation from professional academic agencies that work to advance the discipline or practice,
• Affiliated with and esteemed by Accounting groups or organizations,
• Maintains a good reputation among students and alumni and the Accounting community.

Visit our Methodology page and explore our online Accounting Ph.D. ranking process.

5 Best Ph.D. in Accounting Programs Online

Capella university.

Online Doctor of Philosophy in Business Management

Capella University’s online Ph.D. in Business Management is a superior degree program of choice for students looking for doctorates in accounting. The Ph.D. programs offer an accounting specialization that students can complete in four to six years upon requirement completion. Candidates must complete eleven core courses, one elective course, three virtual residencies, a comprehensive exam, and dissertation research. 

Graduate students interested in the online Ph.D. in accounting must earn a Master’s in Business Administration or a similar discipline from a regionally accredited school with a GPA of 3.0 or higher. International students can apply for the program by showing proof of English literacy by taking the TOEFL exam and transcript of records. 

The online accounting doctorate program at Capella University was created to satisfy the demand for accounting ethics in the twenty-first century. The program offers students abundant support, from financial aid to career guidance. Additionally, online students will learn from the same experienced on-campus faculty. Students gain skills by analyzing theoretical constructs and using cutting-edge accounting solutions in the global era to make significant contributions to the field.

Trident University

Ph.D. in Business Administration with Accounting/Finance Concentration

Trident University’s online Ph.D. in Business Administration provides students with several concentration options, including accounting/finance, that can be completed in a 3, 4, or 5-year plan. The Ph.D. in business administration requires online students to complete ten core courses, concentration courses, a dissertation proposal seminar, and a comprehensive exam.

Ph.D. students majoring in accounting/finance are expected to have a strong background in finance, accounting, or economics to do research in fields including economic growth and development, international finance, auditing, financial reporting and management, and taxation.

Interested applicants must have a master’s degree in business administration or other related fields with a 3.0 minimum GPA on a 4.0 scale. Prospective students for the online doctoral degree must have information technology skills to effectively conduct and deliver meaningful research results. 

One of the best features of this online doctorate is the school’s individualized support to its online learners. Online students will have a Students Success Advisor for one-on-one support with administrative issues and a personal academic advisor during the program’s research phase.

And because there are zero in-person requirements for the accounting program, online students can be confident that the degree will not interfere with their work schedules.

Atlantic International University

Online Doctor of Accounting (Ph.D.)

Atlantic International University’s online Ph.D. in Accounting is a customizable Ph.D. program where students are not required to study the same subjects or use the same textbooks or other educational resources as any other student.

This online doctorate in accounting equips students with knowledge of the conceptual framework and develops the abilities necessary to manage problems involving various accounting alternatives. The curriculum requires students to complete accounting research that examines the production and application of control, planning, and performance data, in addition to orientation and accounting courses. 

Interested students must have a master’s degree in accounting or another closely related field and five years of field or life experience. AIU also accepts life credits. The policy for accepting such credit is restricted to one-third of the program’s credit requirements, and proof of such experience is required. 

With a doctorate in accounting from AIU, doctoral students can study and conduct research in many important accounting and computer science fields. Upon graduation, students should have advanced knowledge of financial accounting theory and accounting information systems. 

National University

Advanced Accounting, Online Ph.D.-BA

The online Doctor of Philosophy in Business Administration at National University offers one of the best accounting specializations. The Ph.D.-BA at National University requires students to complete sixty credit hours in forty-five months, including twenty courses that give students a chance to concentrate on research-based leadership methods.

Students in the advanced accounting concentration will critically examine accounting data, including business and financial transactions and statements related to the assets, liabilities, and operating results of business enterprises and nonprofit organizations.

Applicants for the accounting Ph.D. online degree must have a bachelor’s and master’s degree in a generalized or specialized business area. Students with professional experience in finance, accounting, or business, are frequently given priority. 

The PhD-BA at National University helps graduates pursue advanced positions in businesses and corporations, nonprofits, government agencies, and academic institutions of higher learning. Students will concentrate on research-based leadership tactics, polish their current expertise, and delve into upcoming technologies while learning from the school’s experienced faculty and staff. 

Michigan State University

Ph.D. in Accounting

Prospective students who can study full-time on-campus are best suited for the traditional Ph.D. in Accounting at Michigan State University. This doctoral program provides students with a comprehensive curriculum through the help of internationally renowned faculty and a diverse school environment.

The program trains students for careers in accounting research and teaching through accessible course material covering various subjects, including management, accounting, economics, information systems, finance, psychology, and statistics.

Students with superior academic records in bachelor’s degrees can apply for the Ph.D. in accounting program at Michigan State University. Students with no master’s degree, however, will be required to complete business administration courses that will prove their competency for the Ph.D. Program. The program only admits new students in the fall semester and on a full-time basis.

Collaboration between faculty and students is a big aspect of the Broad experience at Michigan State University. One of the university’s advantages is its faculty, which actively undertakes research in various fields, giving students exceptional opportunities.

Doctoral accounting students can collaborate with some of the most renowned experts in auditing, forensic accounting, financial accounting, managerial accounting, and taxation.

The 8 Most Common Courses in Ph.D. in Accounting Online Programs

Keep in mind that every school has distinct needs for the accounting curriculum. For instance, some professors can be rigid about doctorate students taking a combination of core credits and electives, while others would be more lenient, provided that the research being done is high-caliber.

Here are the most common courses found in an online Ph.D. in accounting:

Accounting Information Systems

These accounting courses can assist you in learning how to create, maintain, safeguard, and use accounting information systems (AIS), which are the digital record-keepers of the sector.

Accounting Theory Research

Taxes, revenues, and audits are all topics that fall within the broad category of accounting theory. This course will also guide students in learning Generally Accepted Accounting Principles.

Corporate Finance

These courses, which combine elements of both business and finance, can help you prepare for positions as an accountant in the corporate world.

Econometrics

The use of statistics in economics is known as econometrics. Models, procedures, analysis methods, and associated mathematical ideas are covered.

Introduction to Accounting Research

One of the main components of a doctoral program is research, and this basic introductory course can help you create a framework for what will be required of you at the Ph.D. level.

Statistics for Business Research

The core principles of logic, probability, and statistics are expanded upon in these accounting classes, which approach all topics from a business standpoint.

Dissertation

You’ll have your pick of seminars and workshops to advance your research if your program requires a dissertation.

Internships, Fellowships, and Assistantships

These three components are rare to find in online degree programs in accounting. But if there are any, most online schools allow students to complete the required hours on businesses near their locations. 

DBA vs. Ph.D. Doctorate Online Degree

There are two types of doctoral degree programs in accounting: Doctor of Philosophy and Doctor of Business Administration. Depending on the theory and financial discipline you intend to operate within, you may prefer or decide to pick one of the two forms of accounting doctorate degrees over the other. 

Doctor of Philosophy

A doctor of philosophy in accounting, or a Ph.D., is the most common option for an accountant looking for a terminal degree. Research, theory, and application are extensively emphasized in this degree choice. 

A Ph.D. is a fantastic decision if one of your goals is to become a well-known and renowned professor in your field. 

You must fulfill the criteria as a professor to be given tenure. One of these demands is doing research and publishing in a scientific journal. People who pursue a Ph.D. will be prepared for that as part of their work as professors in a particular academic setting.

Online PhDs in accounting are rare to find. 

Doctor of Business Administration

The Doctor of Business Administration (DBA) is another option for a terminal degree. Those who have received a DBA can still pursue teaching positions in higher education. However, you should remember that a Ph.D. is a superior, more research-based option for that industry. 

Those who pursue an online DBA will also pick up skills and prepare for executive leadership positions after they graduate. Many online DBA holders will continue to hold accounting executive positions within a company.

Many online schools, such as George Fox University and Liberty University, offer an online DBA in accounting. 

Ph.D. in Accounting Careers

The Bureau of Labor Statistics sets the employment growth for Accountants and Auditors to 4% from 2022-2032 . You can pursue several lucrative occupations with an online Ph.D. in accounting, working in practically any sector of business, government, or charitable organizations. Every organization must keep track of its spending and revenue through budgets.

Here are a few great careers with a Ph.D. in Accounting.

College and University Professors

Professors at colleges and universities give classes to students and carry out research in their respective fields of expertise. The duties of postsecondary teachers include curriculum development, student counseling, grading, directing departmental policy, and publishing academic papers.

According to the Bureau of Labor Statistics, demand for postsecondary teachers is expected to increase by  8% between 2022 and 2032 . Typically, candidates for these roles must be Ph.D. holders.

Consultants, Analysts, and Advisors

Consultants, analysts, and advisors—also known as management analysts—help their clients increase their profit margins. They are frequently employed by large firms where they create recommendations for cost-cutting actions, restructuring, and improved procedures by analyzing financial data, chatting with personnel, and examining general practices. They can also conduct personal financial planning for individuals without a business.

The BLS predicts that between 2022 and 2032, the job outlook for management analysts will  increase by 10% , exceeding the national average for all occupations. Prospective applicants can exhibit a competitive resume in a promising employment market by earning a Certified Management Consultant (CMC) credential.

Financial Managers

A financial manager, sometimes known as a management accountant, views an organization’s financial operations and financial records. These experts manage investments, oversee personnel, and assist in setting budget-related rules. Additionally, they sort through financial data to produce vital reports for higher executives, who use the data to set policies and goals.

This field is expected to see a  16% increase  in job prospects between 2022 and 2032.

Professional Organizations for Accounting Professionals

Being a member of a professional organization will be advantageous for accountants. These organizations offer accounting professionals and students many opportunities through career tools, internet services, mentorship programs, and annual conferences.

American Institute of Certified Public Accountants

The AICPA is a non-profit organization that represents CPAs across the US. Students can also acquire membership and access more than 300 self-study courses, online conferences, and web events, allowing them to advance their education whenever and wherever they like.

American Accounting Association

AAA allows for the intelligent management of access to computer resources, the enforcement of rules, the auditing of consumption, and the provision of data required for service billing. They ensure their position as accounting thought leaders through their combined efforts in teaching, research, and building a strong network.

The Institute of Internal Auditors

The IIA is the premier source of advice and knowledge within the field of internal auditing. The IIA helps students plan their overall success strategy. You’ll have access to a global network of professionals, top-notch training options, awards and recognition, and employment opportunities.

Institute of Management Accountants

A Certified Management Accountant can obtain membership from the IMA. This organization helps professionals and students enhance their professional knowledge and expertise, provides them with opportunities and connections on a global scale, and improves their innovation potential. Another advantage of becoming a member of this institute is having access to training and educational resources.

National Society of Accountants

The NSA assists small business owners and their teams with tax and accounting issues. NSA members gain access to the NSA Help Desk, a personalized software search, and member-only discounts on CPE. Additionally, members can access practice management tools and one free copy of the NSA’s Tax Implications of a Divorce Booklet.

Professional Association of Small Business Accountants

PASBA is an organization that connects small business owners with accountants near their areas. Members have access to regional and national gatherings, networking, practice evaluation, the blueprint for success manuals, an online business forum, and a mentorship program.

Frequently Asked Questions

Is an online doctorate in accounting worth it.

For many students, a doctorate in accounting is worthwhile. For people who want to work as postsecondary accounting teachers, a doctorate is the only way to enter that field. A professional’s chances of obtaining the most sought-after and in-demand accounting positions are also increased by earning an accounting doctorate.

Online courses provide more flexible study schedules, allowing working professionals to complete their education without giving up their jobs.

How long does an online doctorate in Accounting usually take to complete?

Depending on the school, program, and student, the length of an online Ph.D. may take 4 to 7 years. Some students may need longer if they enroll part-time, take a break, or have difficulties with their dissertation.

How hard is an online Ph.D. in Accounting?

An online accounting Ph.D. program is just as hard as its on-campus counterpart. It requires rigorous study, excellent writing abilities, and commitment to in-depth research, just like any other doctoral degree.

How much does an online Ph.D. in Accounting cost?

The cost of online tuition varies greatly among schools. In-state versus out-of-state tuition, private versus public universities, and on-campus versus online education are all potential cost factors.

Is there any financial aid available for online Ph.D. students?

Students pursuing online Ph.D. degrees in accounting can access various financial aid options. Loans, grants, and scholarships are all examples of potential financial sources.

Key Takeaways

A Doctor of Philosophy is a terminal degree, meaning it is the highest form of education accounting professionals can achieve.

Online Ph.D. programs are the perfect fit for students interested in academic research and teaching in postsecondary education. Additionally, these degrees are mostly preferred by working adult students due to their flexibility and lower cost.

Accounting is one of the fastest-growing industries in the country. While a bachelor’s degree can help you enter entry to mid-level positions, a Ph.D. will open more lucrative careers.

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• The 8 Best Online Doctorates in Accounting Degree Programs

Accounting is an incredibly stable, lucrative profession. The Bureau of Labor Statistics found that the 2017 median pay for accountants and auditors was $69,350, or over $33 an hour. They also predicted a 10% growth in accounting/auditing jobs between 2016-26, which is faster than average. In a rapidly evolving economy, advanced economic and accounting skills and knowledge are more valuable than ever. A Master’s degree doesn’t cover quite as much as it once did, and getting a Ph.D. in accounting is a way to incontrovertibly prove your mastery of the subject and open up job opportunities you’d never access without the degree. By earning you Ph.D. in accounting online, you’ll be able to save time and money while often being able to keep your current schedule, or making sure the degree program works around it. DBA’s in Advanced Accounting will give you the ability to use data to ensure an organization’s financial health. In business, students will be prepared to work in roles like chief accountant, senior audit director, and vice president of accounting. You could also apply all you’ve learned working for government agencies, non-profits, or teaching undergraduate or graduate students about accounting, building the next generation of top accountants from the bottom up. We ranked the following Accounting Ph.D.’s based on flexibility, affordability, special features, academic excellence, and more.

1) George Fox University

GFU is a Christian, private university known for its liberal arts and sciences, and professional studies. It’s based out of Newberg, Oregon, and was founded in 1885. It has been commended by Forbes, U.S. News & World Report and Kiplinger’s Personal Finance for its value, academic excellence and quality in its region. GFU offers over 4,100 students (14:1 student-to-faculty ratio) a wide selection of bachelor’s, master’s, and doctoral degrees. It also participates in the Richter Scholars program, which sponsors 15-25 students each year to conduct original research.

GFU offers an online Doctor of Business Administration degree. Most of it can be completed online, but it does require an on-campus residency twice each year. Students can choose between accounting, management or marketing concentrations. It takes 4 years to complete (3 years of coursework and 1 of dissertation work), and 56 credit hours. The curriculum includes a business core, research/dissertation, and a teaching practicum or consulting practicum. The accounting concentration courses are Seminar in Accounting, Advanced Applications of Ethical Reasoning and Compliance in Accounting, and Advanced Topics in Accounting. The entire program costs $50,400 in tuition (which is subject to change). Students will be immersed in a number of business disciplines, while having the option to really delve into accounting. What makes GFU unique is its integration of Christian values into the business world.

• Per credit hour rate: $900-3rd

2) Liberty University

Liberty is a private, non-profit Christian doctoral research university. It was founded in 1971 by Jerry Falwell. Liberty now serves over 120,000 students worldwide. More than 95,000 of those students attend Liberty online. Liberty believes in both the intellectual and spiritual development of its students. Liberty believes understanding biblical truth is a means of achieving success. According to LU, it’s the nation’s largest nonprofit online university, and has been offering distance learning since 1985. Its online programs have over 245 different degrees, and the school has extremely competitive tuition rates.

Liberty offers a 100% online Doctorate of Business Administration (D.B.A.) in Accounting degree. Liberty also separates itself from other comparable programs with its Christian perspective mitigating its instruction in the cutthroat business world. The program features “in-depth analysis of tax and auditing techniques and accounting theory.” It requires 60 total credit hours, a maximum of 15 can be transferred in. There are eight-week courses, eight different start times per year, and no set login times. Students will be prepared to work as leaders in the corporate world, or in many other terminal accounting positions.

• Per credit hour rate: 2nd-$565

3) Walden University

Walden is a for profit private school headquartered in Minneapolis, Minnesota. It was founded in 1970. Walden is part of a network of 80 universities owned or managed by Laureate Education Inc, most of which are based outside of America. Walden serves over 52,500 students and has an 18:1 student-to-faculty ratio. Walden University has been regionally accredited by the Higher Learning Commission and a member of the North Central Association of Colleges and Schools, a regional accreditation agency, since 1990. A Senate committee that compared Walden to other comparable universities commended the competitiveness of its pricing.

Walden offers a Doctor of Business Administration. It comes in 16 specializations including accounting. It also comes in two options, “…traditional doctoral study or the consulting capstone option, which gives students a unique and innovative opportunity to apply their newfound skills and knowledge to solve real-world challenges as a consultant for an actual client.” The accounting specialization can be taken online, and requires 60 semester credits (up to 30 can be transferred in). Students will also have to do two 4-day residencies as part of this program. The program prioritizes guidance through its student advocates (specially-trained doctoral faculty members), decision-making, leadership skills, and both theory and applied research.

• Per credit hour rate: 4th-$980

4) Capella University

Capella is a private, online university in Minneapolis, Minnesota. It was founded in 1993. The school offers 142 graduate and undergraduate specializations, 25 certificate programs and over 1600 online courses. Capella has over 37,000 students (22:1 student-to-faculty ratio) that come from all 50 states and dozens of foreign countries. The school’s faculty is made up of almost 1,500 professors, 86 percent of which have doctoral degrees. In 2000 Capella began offering Bachelor degree programs, and in 2006 it became a publicly traded company. Capella University’s business programs have been accredited by the Accreditation Council for Business Schools and Programs since 2014. It offers admission to any student who passes a Capella-approved exam.

Capella’s School of Business and Technology offers an online PhD program with a concentration in Accounting. In order to graduate students are required to complete 1 core courses, 4 specialization courses in advanced accounting, one doctoral research project, and two residencies. This program offers students many different ways to save on tuition, including scholarships, lenient transfer credits, and a 10% military discount. The program builds research, writing and critical thinking skills, uses practical exercises to help students understand theoretical concepts, and builds knowledge through the study of ethical, legal, and regulatory frameworks that shape accounting theory and practice. Students looking for a streamlined path to a PhD in Accounting online should definitely check out this program.

• Per credit hour rate: $965

5) Northcentral University

Northcentral is a virtual, for-profit university founded in 1996. It’s a Doctoral Research University headquartered in San Diego, California. It is currently owned by Rockbridge Growth Equity, LLC and Falcon Investments, LLC. Northcentral offers undergraduate, graduate, specialist, and doctoral degrees in Business and Technology Management, Education, Marriage and Family Therapy, and Psychology. The school’s mottos is “One-to-One Education By Experience.” Currently Northcentral serves Over 10,900 students, and lives by its motto with a spectacular 1:1 student-to-faculty ratio.

Northcentral offers an online Doctor of Business Administration. The program prioritizes research as a tool to build strategies that solve organizational issues. The program offers 52 start dates each year, so students can start taking a course they need any week in a year. This program comes in 18 specializations, including advanced accounting. It requires 54 credit hours, and is comprised of 18 courses. The program can be completed in just 39 months.

• Per credit hour rate: 7th-$1053

6) University of Wisconsin Whitewater

UW-Whitewater is a public college and part of the University of Wisconsin system, based out of Whitewater, Wisconsin. It was founded in 1868. It offers 47 undergraduate majors and 13 graduate programs, with over 1,000 courses. Whitewater serves over 12,600 students currently, while maintaining a 21:1 student-to-faculty ratio. The school is also known for its Research Apprenticeship Program (RAP), which gives students paid opportunities to assist faculty and staff with important research. Students attend Whitewater from all over the world (currently around 40 states and 30 foreign countries).

UW-Whitewater offers an online AACSB Accredited Doctorate of Business Administration (DBA) program. The program builds expertise in a specific business area, such as accounting. Through coursework and interactive exercises, students will build organizational knowledge and effectiveness from the tutelage of leading professionals int heir respective fields. This program culminates in a dissertation that contributes to business practice. Students will also need to complete a dissertation that contributes to business practice. The program requires 60 credits and uses a cohort model in which classes are one weekend each month for two years, followed by a year on the dissertation. The online platform for this program also facilitates discussions with faculty, submitting assignments, and engaging in other learning activities.

• Per credit hour rate: 8th-$1400

7) Argosy University

Argosy University is a system of for-profit colleges owned by Dream Center Education Holdings (DCEH), LLC as of 2017, after purchasing the enterprise from the Education Management Corporation (EDMC). It traces its roots to the late 1970’s, through three schools: the American School of Professional Psychology, the Medical Institute of Minnesota, and the University of Sarasota. It began its current incarnation in 2001. An estimated 60,000 students attended the school as of last year. It’s known for its programming in psychology, business, education, and more.

Argosy offers an online Doctoral Degree in Business Administration. You’ll build skills “conducting action research and comprehending theoretical and applied literature,” using them in a specialization of your choice. Students can choose between Marketing, Management, International Business, Information Systems, Customized Professional concentration, and of course, Accounting. The program requires, “60 credit hours distributed as follows: research requirements, 15 credit hours; core course requirements, 18 credit hours; concentration requirements, 12 credit hours; elective requirements, 3 credit hours; and doctoral research requirements, 12 credit hours.” Sample accounting courses include Financial Reporting Theory, Accounting Control Systems, Accounting in a Global Financial Community, and Contemporary Accounting Theory.

• Per credit hour rate: 5th-$995

8) Florida Atlantic University

FAU is a public university based in Boca Raton, Florida, along with five ancillary campuses in the state. It was founded in 1961, and is part of the State University system of Florida. Over 30,500 students attend FAU, which has a 24:1 student-to-faculty ratio. It offers over 180 undergraduate and graduate degree programs through ten colleges in arts and humanities, the sciences, medicine, nursing, accounting, business, education, public administration, social work, architecture, engineering, and computer science. The Carnegie Foundation has recognized FAU for its high research activity. In 2014, USNR ranked FAU the 27th most diverse university in the country.

FAU offers a PH.D. program specifically in accounting. It strongly emphasizes research, and building skills needed to excel as a classroom teacher. Students are encouraged to teach while in this program. Sample courses include Advanced Econometrics, Advanced Accounting Theory, and a number of seminars. The program builds towards a qualifying research project, which flows into advanced research in accounting hours of study, then the preparation and execution of a dissertation. To earn this degree you’ll need 80 credit hours beyond a baccalaureate degree.

• Per credit hour rate: 6th-$1024

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Best Online Doctorate in Accounting Programs

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Updated November 30, 2023

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Earning a Ph.D. in accounting online prepares graduates for jobs in business, finance, and academia. Many Ph.D. candidates in accounting eventually pursue executive-level positions in finance management or business administration, while others become college professors or research analysts specializing in accounting strategies. An online Ph.D. in accounting emphasizes not only advanced accounting skills but also strong communication, analytical thinking, and critical decision-making abilities.

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Graduates of a doctorate in accounting online program may have already earned Certified Public Accountant (CPA) licensure -- the most common credential among experienced accounting and auditing professionals -- qualifying them to perform critical tax preparation services and lawfully file reports with the Securities and Exchange Commission (SEC). Students with an online Ph.D. in accounting may also pursue teaching jobs at the college level, or advanced research or managerial positions within an organization like the IRS, for example. The Bureau of Labor Statistics (BLS) projects that job opportunities for accountants and auditors will grow by 4% through 2032, as an increasingly complex tax structure drives the demand for qualified professionals in this field.

For career information, skip down:

What Else Can I Expect from an Online Doctorate in Accounting Program?

• Accreditation for Online Doctorate in Accounting Degrees
• Online Doctorate in Accounting Careers

Paying for Your Online Doctorate in Accounting

The best online doctorate in accounting programs.

We use datasets from sources like the National Center for Education Statistics to inform the data for these schools. TheBestSchools.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. from our partners appear among these rankings and are indicated as such. All data is current as of the date this article was published. Program-specific information may vary.

#1 Best Online Doctorate in Accounting Programs

George Fox University

• Newberg, OR
• Online + Campus

Doctoral students seeking an online accounting degree benefit from the doctor of business administration in accounting program at George Fox University. Degree-seekers benefit from the flexible enrollment options at the private university. Doctoral learners conduct research and participate in academic conferences.

The doctoral program includes a rigorous curriculum in accounting. After meeting coursework requirements, doctoral candidates conduct research and defend an original dissertation that contributes to the field. As the terminal degree in accounting, the doctoral program trains graduates for roles in academia, research, and industry.

Doctoral students pay for the program with federal financial aid, fellowships, and scholarships. Contact the program to learn more about doctoral admission requirements.

George Fox University at a Glance:

Online Student Enrollment: 456

Online Master's Programs: 1

Student-to-Faculty Ratio: 14-to-1

Graduate Tuition Rate: $13,845

#2 Best Online Doctorate in Accounting Programs

Liberty University

• Lynchburg, VA

The online doctor of business administration in accounting program at Liberty University ranks among the best in its field. The private university helps degree-seekers complete a doctorate in a flexible format. Doctoral students engage in advanced research and benefit from support services.

The online accounting program requires a minimum of 60 credits of doctoral coursework. After passing comprehensive examinations, doctoral candidates conduct research for their dissertation. With a doctorate in accounting, graduates pursue academic, research, and industry roles.

Doctoral students attending the accredited institution online qualify for several forms of financial aid. Reach out to the program to learn more about transfer credit policies, research support, and admission requirements.

Liberty University at a Glance:

Online Student Enrollment: 78,511

Online Master's Programs: 67

Online Doctoral Programs: 9

Student-to-Faculty Ratio: 17-to-1

Graduate Tuition Rate: $7,980

Accepts Transfer Credits: Accepted

Back to School Rankings

Online accounting doctoral programs differ in terms of curricula and structure. Students aspiring to advance their career in academia or research may be best suited to a philosophically oriented Ph.D. in accounting online, while others may choose a doctor of business administration accounting degree (DBA), which generally takes a more applied, practical approach to the subject. Below are some of the more common courses included in both types of degrees.

Curriculum for an Online Doctorate in Accounting

• Accounting for Decision Making: This course emphasizes graduate-level cost management skills, exploring a variety of contemporary strategies used by finance managers and accountants in all types of business and commerce. Topics include the balanced scorecard, strategic analysis, and critical decision making, all of which are important for professional accountants.
• Auditing: This course provides an advanced study of ethical responsibilities, fraud detection, and the policies of the Public Company Accounting Oversight Board through case studies. Students prepare to put their auditing skills into practice in the field of tax auditing. This skill set also prepares accounting students to sit for the credentialing CPA exam.
• Tax Research and Jurisprudence: In this course, students learn best practices for tax research and explore the judicial and statutory doctrines of existing and emerging tax laws in the U.S. The course's thorough approach is ideal for both practicing and aspiring auditors as well as CPAs who are looking to gain an acute understanding of current tax issues in the context of national jurisprudence.
• Accounting Ethics: This course explores ethics for accountants in the context of the two primary ethical systems: utilitarianism and deontology. Students learn to apply an ethical set of standards to all accounting research, and practice accounting according to the profession's code of conduct.
• Empirical Design in Accounting Research: This course typically follows a graduate-level introductory course in econometrics, designed to develop existing skills in advanced structured accounting research. Topics include causal inference, econometrics analysis, and empirical methodologies. Students may also explore panel data approaches to accounting research.

How Long Does It Take to Get an Online Doctorate in Accounting?

Many online accounting doctoral programs offer classes in an accelerated format, allowing students to graduate in 2-3 years. There are many additional factors, however, that can affect completion times, including whether a student attends full-time or part-time, individual program structure, and how often classes are available each semester.

A school can also choose to offer its Ph.D. in accounting online in an individual learning or cohort style. While the former offers a self-paced format for students seeking maximum flexibility, the latter groups students together through a cohort arrangement, best suited to students who prefer a collaborative learning environment.

Online accounting doctoral programs typically require a minimum of 16 graduate level courses, including a graduate thesis or dissertation. However, as is often the case for Ph.D. candidates, students may have the opportunity to tailor their program to include independent study or extended research options.

Accreditation for Online Accounting Doctorate Degrees

In researching schools for your Ph.D. in accounting online, the first consideration should always be accreditation. Any school on your short list should hold institutional accreditation from a governing agency, such as the Higher Learning Commission, Middle States Commission on Higher Education, or the New England Association of Schools and Colleges. Both regional and national agencies award institutional accreditation, though regional accreditation is both more common and more prestigious, as the process is more rigorous and thorough.

It's important for transfer students to examine a school's transfer policy in the context of its accreditation status. While most nationally accredited institutions accept credit from regionally or nationally accredited institutions, the majority of regionally accredited schools will only accept credits from other regionally accredited institutions.

Whether national or regional, a school's accreditation should be awarded by an agency recognized by either the Department of Education (ED) or the Council for Higher Education Accreditation (CHEA), as these are the country's foremost authorities overseeing postsecondary accreditation. Additionally, some schools offer their online Ph.D. in accounting programs as a part of a business program and thus receive programmatic accreditation through the Association to Advance Collegiate Schools of Business.

Prospective accounting doctoral students can check their school's accreditation status on the ED or CHEA websites.

Employment Outlook for Doctorate in Accounting Graduates

Doctorate in accounting careers.

Job-seekers who have earned a doctorate in accounting online can pursue careers in the highest levels of business and finance management, research, and academia. While entry-level accounting jobs do not require a terminal degree, graduates of a doctorate in accounting online program may qualify for positions in business that require extensive education and experience, such as financial manager and CFO. Others may pursue careers in academia, either as college level accounting professors or as researchers. Below are just a few of the most common accounting careers:

• Median Annual Salary: $78,000
• Projected Growth Rate: 4%
• Median Annual Salary: $100,090
• Projected Growth Rate: 3%
• Median Annual Salary: $113,940
• Projected Growth Rate: 6%
• Median Annual Salary: $139,790
• Projected Growth Rate: 16%

Doctorate in Accounting Salary

Accounting salaries vary, depending on your chosen practice specialty, location, and level of experience. Regardless of which type of doctorate in accounting program you choose, once you graduate, you'll be uniquely qualified to provide accounting, auditing, and financial management services for the upper echelon of the corporate world, as well as teach accounting at the college or university level. As in many fields, careers that require a graduate or terminal degree, including CFOs and economists, command incomes that are commensurate to a highly advanced skill set and extensive experience, as illustrated in the table below.

Median Annual Salaries

Accounting Professional Organizations

Among the most enduring career specialties in business administration and management, accounting offers a variety of benefits to members of professional organizations. The American Accounting Association (AAA) favors unique networking and professional learning services for accounting teachers and researchers, while the Association of International Certified Professional Accountants (AICPA) and National Society of Accountants (NSA) administer the field's qualifying CPA exam and fund several student scholarships in accounting, respectively. Students who join an accounting professional organization may receive subscriptions to exclusive industry publications; entry to conventions, workshops, and seminars; and access to career services. Below are some of the field's most prominent organizations:

• AAA : This organization boasts the largest academic-based membership of accountants in the United States. Founded in 1916, it is also the oldest of its kind, known for its leading industry publications and research aimed at providing members with networking opportunities, continuing education courses, and career-building resources.
• AICPA : While AAA hosts the largest membership of teaching accountants, the AICPA is the largest member association for professionals in the field, with more than 400,000 subscribers. The AICPA sets the ethical and professional standards for the field, administering the official CPA exam, as well as dozens of credentialing designations in other special interest areas in accounting.
• NSA : NSA is among the premier national membership communities for professional accountants, offering networking, mentoring, and credentialing opportunities to help practicing accountants grow their business. NSA hosts several tax forums throughout the year and has awarded more than $1 million in scholarships to accounting students.

For most college students, the process of applying for financial aid begins with the Free Application for Federal Student Aid (FAFSA) form. While most schools consider the FAFSA the primary assessment tool for determining federal aid eligibility, many private lenders also use the FAFSA to determine eligibility for additional scholarships, grants, and loans. It is not uncommon for schools to offer only limited financial aid for doctoral programs, though the FAFSA is still required by most schools to explore all funding options, based on income, ethnicity, geographical location, and other factors.

The BLS projects that accountants, auditors, and financial managers will continue to enjoy an increase in employment opportunities over the next decade, as they provide services with staying power for all sectors of the American economy. As a result, the field offers a variety of financial aid and awards to students pursuing a terminal degree in accounting, especially those with specialized experience, such as tax accountants and budget analysts.

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Find Your Niche in Government or Private Sector Work with a Doctorate in Accounting

Earning a doctoral degree in accounting is an unusual path that few choose to follow.

Accounting education at the doctoral level has surprisingly little to do with what most students think of as accounting practice. As a doctoral candidate, you will already have learned everything you are supposed to know about GAAP, accounting information systems , tax, financial, and management accounting during your years as an undergrad.

Doctoral programs instead focus on providing the tools you need to conduct advanced research into accounting topics. This means a lot of math, statistics, and economics studies, as well as learning research methodology and practices.

Doctorate holders in accounting are in demand in academia and fill a role integral to the business world: producing more qualified graduates and bringing new ideas to light through research at a time when businesses face a shortage of talent and ever more complex and interconnected economic and financial conditions.

The reasons for the demand for PhDs in accounting are easy to chart. With the same educational background required to be accepted into a doctoral program, you can find a six-figure job in corporate America. Relatively few people are interested in the deep research and teaching skills that come with a doctorate or the long and intensive education required to get it.

According to the American Institute of Certified Public Accountants’s (AICPA) 2019 Trends report in supply and demand for accounting graduates report, doctoral program enrollment has maintained a fairly steady level of a couple of decades now. The report does not track demand for doctoral graduates, but other studies, other studies reveal a serious and increasing shortage of qualified accounting faculty.

This crisis is creating great opportunities, however. The introduction of non-traditional doctoral programs has opened up the doctorate option to working professionals with online and hybrid class options. In turn, business and government have been eager to hire highly-educated experts who can untangle complex economic and financial issues. And universities are hungry for accounting faculty to meet undergraduate degree demands. If research in accounting is your bag, you’ll find plenty of jobs waiting for you once you complete your doctoral degree program in accounting.

Career Options for Doctoral Graduates in Accounting

Positions for PhDs can open up in almost any sector of government. You won’t find many positions in the private sector expressly calling for a PhD, but the value of a candidate with the kind of research skills, creativity and depth of thought on the inner workings and applications of accounting that come with earning a doctorate goes beyond the credential itself. They can be found working at the Department of Commerce, the United Nations, or at Goldman Sachs. Although most people enter doctoral programs with the intention of going into education, there’s no shortage of options for graduates.

The primary destination for graduates of accounting doctoral programs is colleges and universities. Academia is known for lower pay rates than the private sector, but also for more job flexibility and security. The jobs involve considerable research, but educating the next generation of accountants, at both undergraduate and graduate levels, is the primary mission in this position.

Accounting consultants with doctorates work at very high levels analyzing organizational or economic matters for business or governments. Consultants may work for one of the Big Four financial service providers and use their special expertise to help audit major corporations. They might also be brought in to develop financial systems or help crack difficult accounting problems in specialized areas where their research and analysis has given them special insights.

Most accounting doctorate holders will end up performing research to some degree or another, but for a few, it will be their primary mission. Working for think-tanks, non-profits, or government, researchers spend their days applying econometric principles to data to develop new perspectives on markets and finance. With the advances in data science in the past few years and accumulation of very large sets of information to parse, these positions are becoming more and more common in organizations such as Google, Facebook, or even online gaming companies like Blizzard.

Upper management

Advances in financial complexity and big data analysis have begun to put pressure on corporate executives to have more and more expert perspectives on financial process and theory. Earning an advanced degree in accounting can boost your career potential as well as your paycheck if you are aiming for senior management at a major company.

Accounting professionals with doctorates working in government are usually involved at the highest levels in developing and determining fiscal and trade policy or evaluating regulatory impacts on the economy. They are also heavily involved in tax policy matters. Monitoring and helping to police financial markets is another role for DBAs in government.

Selecting a Doctoral Program in Accounting

You’ll find accounting doctorates listed under different titles, including:

• Doctor of Philosophy in Business Management – Accounting Specialization
• Doctor of Accounting and Financial Management
• Doctor of Business Administration – Accounting/Financial Management Specialization
• Doctor of Professional Studies in Business – Finance Concentration

The primary difference between the doctor of philosophy (PhD) and the Doctor of Business Administration (DBA) is in the orientation and intended outcome. PhD programs are more oriented toward teaching and developing new theory, while DBA programs are more oriented toward applied theory. Either program may have more or less of a research or teaching focus, which is also a consideration.

Your choice will be based on whether or not you plan to stay in academia after graduation. Business professionals looking for advanced credentials in finance or management will probably focus on research-heavy DBA programs, as will academicians who plan to continue as researchers. Students aiming toward accounting faculty positions may find teaching-focused PhD programs a better fit.

Almost all doctoral programs assume a solid accounting background among applicants. If you do not already have a master’s or baccalaureate degree in accounting, you will often need to demonstrate some other professional experience in the field.

Further, you are expected to have a solid grounding in mathematics, including algebra and calculus. You may need to take required background courses in these subjects before beginning the doctoral program, although you can usually apply before having completed them.

Doctoral programs in accounting typically last between 4 and 5 years.

Because most doctoral graduates will be headed for careers in academia, you’ll want to look at program placements. Most programs will publish a list of academic appointments that previous graduates have received. In some cases, they may also list commercial hires. Both types of information provide perspective on the quality and likely job opportunities you can expect after graduation.

Non-Traditional Doctoral Accounting Programs

The 2012 Pathways Commission report, Charting a National Strategy for the Next Generation of Accountants, commissioned by the American Accounting Association and the AICPA, calls for unlocking doctoral programs with more flexible and accessible pedagogies.

A 2012 study published by the American Accounting Association identified traditional programs as lacking in specific enrollment information, offering few financial aid resources, and over-focusing on a handful of areas of accounting.

A number of universities have started non-traditional doctoral programs in accounting or related fields. These may allow for online or part-time attendance. Some are hybrid programs, which have some courses entirely online while requiring in-person attendance for others. They are often aimed at current working professionals seeking to build their credentials to further their careers rather than moving into academia. This means less of a focus on research and teaching topics.

For the most part, these programs are business administration or management degrees that offer an accounting focus. They are not generally considered to offer an adequate education for academic positions, although attitudes may be changing as a shortage of qualified professors grips the field.

Accounting Doctorate Program Classes and Electives

Classes at the doctoral level of accounting bear little resemblance to those found in undergraduate or even master’s-level programs.

More coursework at the doctoral level will fall into the category of seminar classes instead of lectures. A seminar involves a smaller group of students and is more discussion-based than listening-oriented. Participation is expected and will likely be part of the final grade.

Informal interaction with faculty and other students also plays a far greater part in a doctorate than in master’s or baccalaureate programs.

Programs are usually most highly structured in the first two years. The final two or three years are left to customized schedules tailored to your individual goals, developed in concert with your adviser, and to dissertation research, writing, and defense.

Advanced research in accounting

These courses teach you to conduct research in the accounting field, often with genuine, original projects. They may include psychological and behavioral considerations or questions of economics. Ethical standards in accounting research will be examined and taught.

Finance and accounting theory

Financial accounting in capital markets will be examined in depth. Classical theory of finance and markets will be examined together with contemporary issues and understanding in finances and accounting. Some programs also include additional courses on business management and operations.

Research processes and theory

Most programs have a great deal of general education on scientific methods and the research process. You will learn how to document and validate results as well as techniques for pursuing questions without contaminating the data. Academic writing standards are also taught as part of this process.

Micro- and macroeconomic theory

A deep dive into the basics of economic theory offers a look at the foundations of the field, going beyond the conclusions you will have learned as an undergraduate. This will include global economic issues as well as more detailed examination of supply and demand curves and resource allocation theory.

Econometrics and quantitative analysis

Much research in accounting is based on statistical analysis, but many ordinary statistical methods are based on the presumption of randomness in underlying data. Economic data rarely meets that criteria, so the field of econometrics is the bridge to make statistical and quantitative analytical methods provide valid results with economic information.

Dissertation

Like any other doctoral degree, a doctorate in accounting requires you to write and defend a dissertation. This is a long-form essay on a topic you will choose together with your adviser, usually documenting the results of original research that you will conduct in the field. The dissertation may take a year or more to research and write, with multiple drafts. Before you can be awarded your degree, you will have to defend it in front of a committee of faculty who will probe your methodology, writing, and conclusions.

Research papers

Partly for experience in the research aspects of accounting, which you will need for your dissertation, and partly as education into the topic of study, most programs will require one or more in-depth research paper projects in addition to your dissertation. You will also participate in research projects being undertaken by faculty and other students in the program.

Teaching experience

Because most doctoral candidates will eventually go into teaching, teaching experience is required as a part of many doctoral programs. Students are expected to learn both accounting subject matter and teaching techniques. This improves your understanding of the underlying information as well as provides real-world teaching experience.

Tracks or Concentrations

Most programs allow a significant degree of customization within the doctorate coursework to tailor the education to your specific interests and requirements. There are certain common topics that some programs offer as structured concentrations you can opt to take as part of the doctorate program. These may include:

• Empirical Track
• Analytical Track
• Tax Research Concentration
• Financial Accounting Research Concentration

Accreditation Standards for Accounting Doctoral Programs

Accreditation is the process of having an independent third party evaluate a college or degree program to ensure that it is following established standards of academic rigor. This is even more important at the doctoral level than with other degrees, since the reputation of the program is paramount when it comes to finding jobs or having your research accepted by the larger community.

As with other degree levels, it’s absolutely vital to ensure that you attend a school that is accredited by one of the regional accreditation bodies that are recognized by the U.S. Department of Education (DOE) and the Council for Higher Education Accreditation (CHEA). They set the gold standard for higher education in the United States and look at factors such as:

• Qualifications of faculty
• Standards of technology and educational resources
• Outcomes tracking
• Support systems at the college
• Number of credit hours and type of coursework offered

Specialized Accreditation is Key for Doctoral Programs

In addition to standard regional institution-level accreditation, it’s also important to ensure the department and program itself has been accredited by one of three specialized accreditors that establish standards for business school programs:

• The Association to Advance Collegiate Schools of Business (AACSB)
• International Assembly for Collegiate Business Education (IACBE)
• Accreditation Council for Business Schools and Programs (ACBSP)

They evaluate business school programs with more specificity with regard to curriculum and conditions expected by the business world. Their exhaustive investigations look at standards of:

• Ethical education in business programs
• Business process courses
• Business communication education

All three have even deeper standards that are specific to accounting programs. You’ll want to make sure that the doctoral program you choose has not only achieved a specialty accreditation, but that it has the accounting-specific accreditation rather than the general business version.

It can be difficult to find a non-traditional program accredited by any of the three specialized bodies, but the AACSB has accredited some non-traditional programs and more are likely to follow as those degrees become more common and accepted.

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Best Online Ph.D. in Accounting Degrees for 2024

Your guide to career, curriculum and education

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If you have an interest in enhancing your ability to create strategic change in an organization through professional financial or accounting leadership, or wish to engage in accounting research, education, or be a practitioner, then an advanced degree such as a doctoral degree in accounting is your likely next step. Now, you can earn a master degree, MBA, or a doctorate in an online format through a website, with no or limited in-person meetings, allowing you to keep up with your work projects and family while still earning an advanced degree.

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Search programs, what is a phd degree in accounting.

First, it is helpful to understand what a doctoral degree or PhD degree is . This degree is the highest academic degree that a person can earn in the U.S. These degrees generally take four or five years to complete and are typically research based, ending with a thesis or dissertation. Most individuals who have gone to school for accounting will complete an undergraduate program (such as a bachelor of science) or a master’s in accounting and, depending upon the focus of the program, may be planning to complete a few more courses to become Certified Public Accountants (CPAs) or work in an agency’s fiscal department. You must have a master’s degree in accounting or a related field (economics, entrepreneurship, business management, tax law and regulation, human resources and payroll, financial operations, etc.) to get through the application process for a distance doctorate program in accounting, and licensure is also helpful. College and university doctoral programs in accounting typically focus on the development of skills and providing tools for conducting advanced research into accounting topics. This is also including an increased focus on math, statistics, and economics issues, as well as research methodology curriculum and projects that can pertain to a specific position, industry, or market.

Why Obtain an Online Doctorate in Accounting?

With a big four- or five-year typical commitment in order to successfully pursue a degree in accounting , there are many things to think about while considering this endeavor. If you are the type who loves school and whose analytical mind is always picking up on statistics and numbers, you may consider this an important career objective. If one of your career goals is to become a post-secondary educator in accounting studies, obtaining a doctorate in accounting is something to seriously consider as it may be required for a position.

• Increased Career Options Another benefit of dedicating all of your resources to a program like this is that once you complete it, you will have many more opportunities to branch out and change position within the financial industry, no matter which market or industry you have an interest in. You can be creative with how you use your degree. If you decide to skip the professor route, for example, you will still have the highly tactical skills needed to run your own consulting business. You will have the freedom and flexibility that many people desire in a job. You may choose to be a finance writer, freelance auditor, or a part-time professor. The options are practically endless. You will have freedom to set your own agenda with this degree, especially as a distance student. You can work independently or as part of a team and supplement your income with consultation, writing, or research or even have the training to find a high-level position in government.
• Professor Shortage There is a known shortage of professors and accounting faculty according to the American Association of Accounting. There is a high demand and an expectation of an even greater increase in the need for accounting professors. There's no question that this makes the market for this position quite desirable. Because of this, there is an increase of job openings and salaries and compensation are higher. There is a demand to have qualified professors to teach the growing number of post-secondary education students wishing to pursue accounting in undergraduate school in both the classroom, email, and forums.
• Student Fellowships Earning a doctoral degree in accounting will require a dedication of about four to five solid years of academic work. According to the Journal of Accountancy , however, most PhD programs offer students stipends and fellowships which help students avoid paying tuition. In turn, when they graduate, they'll have fewer student loans and also a salary in the six figures pretty quickly after graduating and securing a position. This is another reason why considering a doctorate program in accounting may be a great choice even if a person has not completed an undergraduate program specifically in accounting.
• Flexible Learning Options Another benefit of pursuing this type of degree is that currently there are flexible learning options, especially in online instruction. There are diverse hybrid programs where students can learn in a more flexible way while still having the advantage of small classroom engagement. Students can choose a combination of distance and on campus classes. These types of options help quality programs become more accessible to its students. Some allow for part-time attendance. Depending upon goals and lifestyle needs, there are many great options on offer for those considering this course of education.
• Industry Involvement The Accounting Doctoral Scholars Program was created in June 2008 as a program sponsored by the AICPA foundation ( American Institute of CPAs ) and some of the country’s largest accounting firms as a way to address the increasing need for accounting professors with real world experience. Having this resource available is another benefit as it helps create partnerships and alliances with future doctoral students and enhance the level of their education and network. If you are considering this area of study, this is another option that may benefit many aspects of your life when you make the decision to beginning this new journey.

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Cpa's and doctoral degrees.

Most bachelor-level academic programs in accounting will help prepare an individual for the Certified Public Accounting (CPA) exam. In order to sit for the exam in many states, there is a requirement to have a certain number of hours in the field. Sometimes this will require people to pursue additional education and some will opt to go on to obtain a master’s degree to get ahead since they already need to take those extra hours anyway. As a result, some will just decide to go straight into an advanced degree. By passing the exam and becoming a CPA, many individuals will be qualified to teach in a higher education facility or get into a managerial accounting position in the industry of their choice; however, there is more of a chance to obtain a higher salary and more notoriety if you obtain a doctorate. If you are already a CPA, you can still apply to become a professor without a doctoral degree, but it is highly recommended to have a doctoral degree in order to become more respected and have better earning opportunities. Even if you are a CPA, you will still usually have to take the GMAT in order to apply to schools. Having a CPA certification does provide a candidate with an excellent foundation of knowledge from which to begin applying to online doctoral programs in accounting.

DBA vs. PhD Doctorate Online Degree

There are two different types of accounting doctoral degrees and you may prefer or decide to choose one over the other depending upon the theory and financial discipline that you plan to work within. Below you will find more details on each one. However, the main difference between the two is that a PhD student and graduate will be more focused on theoretical structures and forming a research question, testing theories, and analyzing results. A DBA student and graduate will likely be taking these types of results and utilizing them in a more executive leadership function in a corporation or governmental business.

• Doctor of Philosophy The first one is a Doctor of Philosophy in Accounting or PhD program. This degree option is heavily focused on research, theory, and application. If one of your dreams is to become a well-known and respected professor in the industry, a PhD is likely a wonderful choice. As a professor, you will have to meet requirements in order to achieve tenure. One of these requirements will likely be conducting research and becoming published in a scholarly journal. The PhD path will prepare individuals for that as part of working as a professor in a given academic institution.
• Doctor of Business Administration Another type of doctoral degree option is the Doctor of Business Administration or the DBA program. Those individuals who have earned a DBA can still go on to higher education teaching jobs, however, it is recommended that obtaining a PhD is a better, research-based choice for that sector. Those who decide on pursuing a DBA will also learn and become prepared for executive leadership jobs once they graduate. Many with a DBA will remain in leadership roles within a corporation.

Career Outlook for Accounting Doctorates

In addition to flexibility with regard to career and life balance, accounting doctoral graduates have many choices. In general, by studying accounting one can choose many different career paths. Options include tax, managerial and corporation accounting, information technology and systems accounting, auditing, and finance. With these concentrations, one can successfully work in any accounting capacity. These include, but are not limited to, university professor, tax/audit consultant, researcher, business manager, government sector work. According to the Bureau of Labor and Statistics, career opportunities and jobs in this sector a growing faster than average. Add this to the shortage of university professors, especially as many are retiring, and the career outlook is looking great in this field.

Salary Expectations for Accounting Doctorates

Salary expectations for accounting doctoral graduates are relatively lucrative. According to the Bureau of Labor and Statistics, professors with a PhD can begin as high as $76,000 and six-figure incomes are definitely possible depending upon the area of study, discipline of teaching and level of previous experience. With the help of fellowships and assistantships with many doctoral programs, the salary becomes even more exciting when a graduate does not have to worry about student loans or growing a large debt after completing a doctorate.

According to the BLS, an accounting doctorate graduate can make the following in salary depending upon the field:

• Teaching - $113,800 - $137,800
• Research - $150,000 - $175,000
• Accounting Professor Salary: $77,400
• Accountant with PhD Salary: $120,000
• Upper management - $100,250 - $503,000
• Government Salary: $53,500

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Phd curriculum and course information.

When choosing to go back to school for a doctorate degree, be prepared for more advanced curricula materials, less lecture-style classes and more seminar classes with smaller amounts of students. Even though you are contemplating a distance program, there will still be participation in class discussions and attendance requirements along with the usual workload and course expectations. Depending upon the track that a person chooses, the curriculum will vary a bit. There are empirical tracks, research tracks in tax or financial management, analytical tracks, and teaching tracks to name a few.

Most schools will offer classes in either this or similar types of organization: Advanced Research, Research Processes and Theory, Finance Theory, Econometrics and Quantitative Analysis, Micro and Macroeconomics, Research Papers, and a Dissertation conclusion to the program of study. In addition, some research programs will concentrate on more of an archival research component, or one that focuses more on technical analysis, while other research programs focus on a more behavioral and psychological approach to pertinent topics.

How to Choose the Best Doctorate

Choosing a doctorate in accounting should not be difficult. Armed with your future goals and your current lifestyle, it should be easier to make an informed decision. One thing to consider is the type of program you are seeking. For example, if you are thinking of pursuing a future in research and working at a university, there is a program called the Accounting Doctoral Scholars Program that may help guide you to reach your goals more effectively. Another consideration is whether or not you are able to go part- or full-time. There are many different programs that accommodate not only that, but also a hybrid approach where a student can choose online and on-campus classes. Financing is also another option. For many students who already have an abundance of student loans and other financial responsibilities, it may be helpful to look into programs with fellowships and assistantships and see how these will work with your current lifestyle.

Another factor to consider is the accreditation for the school you choose to go to. There are two types of accreditation for schools offering these degrees. The first type is evaluated by the United States Department of Education and the Council for Higher Education Accreditation. These organizations evaluate the quality of a school based upon qualifications of the faculty on staff, tracking of outcomes of graduates, standards of technology and availability/type of educational resources, type of coursework offered, and support systems available at the institution.

Another type of accreditation that a prospective student should be concerned with is business school accreditation. This accreditation is evaluated by the Association to Advance Collegiate Schools of Business (AACSB, the International Assembly for Collegiate Business Education (IACBE) and the Accreditation Council for Business Schools and Programs (ACBSP). These organizations evaluate the quality of an institution based upon the same types of factors, but specifically for the business-related departments (such as accounting, administration, etc.) within the larger university.

The Bottom Line

There are a number of things to consider when choosing whether to go to school to obtain your doctorate degree online. It is important to ensure that you are able to take on the time commitment of a distance degree program. Even though these programs are more convenient, it definitely is still rigorous and demanding. Consider whether your online program is accredited. Weigh out the cost of attendance vs. the end result salary and career expectations that you are seeking. Make sure to factor in any student loans and the amount that may be lost in salary while actively participating in the online doctorate program. At any point during your education path, you can choose to specialize in a particular field and obtain a forensic accounting degree. Ultimately, consider whether this is the best investment for your career goals and lifestyle using the facts and considerations outlined above.

• http://aaahq.org/Education/Thinking-of-a-PhD
• https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm
• https://www.journalofaccountancy.com/news/2009/mar/pursuingaphdinaccounting.html
• https://www.aicpa.org/interestareas/youngcpanetwork/resources/career/accounting-doctorate.html

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15 Best PhD in Accounting Online Programs [2024 Guide]

Getting a PhD in accounting online may help you maximize your career potential in the world of finance.

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The flexible doctoral programs that can be found online may be much easier to fit into your busy schedule than traditional, campus-based ones. Additionally, since there are multiple types of PhDs to earn, you may customize your learning experience  in online doctoral programs into something that aligns with your unique and specific career goals.

PhD in Accounting Online Programs

An accounting degree can help prepare you for a career with numbers. Depending on your particular talents, this might lead to employment with a bank, corporation, financial firm, insurance company or government think tank. You might also work for a number of private businesses. Every industry needs people to balance their books.

On the doctorate level, an accounting degree online can help qualify you for all of the usual opportunities and then some. Not only can it help you build a solid foundation in the basics, but it can also help you learn high-level skills for technical or specialized roles.

There are a number of ways to earn a doctorate in accountancy:

• Doctor of Philosophy (PhD) in Accounting
• Doctor of Philosophy (PhD) in Business Management with an emphasis in accounting
• Doctor of Business Administration (DBA) in Accounting

Regardless of the path that you choose, it isn’t easy to earn a doctoral degree in accounting. However, it may be worth the extra sweat when you realize the extent of its earning potential and industry growth.

Accounting Careers & Salaries

According to the Bureau of Labor Statistics, accountants and auditors have a median annual salary of $73,560 per year.

This includes both accounting and non-accounting specializations, so to get a better, more accurate look at potential salaries for an accounting PhD, you should look at individual careers:

Keep in mind that the full salary ranges for these careers can be much broader than the averages. For example, while the median salary for Business Teachers with a PhD is $88,010 per year, its full range is $39,720 – $202,080 per year.

Accounting Specializations & Concentrations

There are many roads to a doctorate degree in accounting, and one of the options that you’ll have is whether or not to specialize. Do you want a general accounting degree that can be applied to a wide range of jobs, or would you prefer to learn unique, high-level skills for particular roles?

Here are a few areas of study that you might find emphasized in accounting PhDs:

• Accounting Information Systems: Accounting information systems (AIS) are where companies store, track, manage and process their digital data. This concentration can help you understand the technology behind them.
• Audit Accounting: Audits can be a major part of everything from tax work to business management within a company, but they’ll require skills in math, finance, technology and more.
• Forensic Accounting: Forensic accounting is a sub-specialty of accounting that involves the investigation of people or businesses. It frequently but not always has crossover with audit accounting.
• Managerial Accounting: Combining elements of business, finance, administration and even psychology, managerial accounting can be a valuable concentration for future business leaders.
• Public Accounting: Public accounting is any kind of accounting work that isn’t done for the private sector. This is a common field of study for certified public accountants (CPAs).
• Taxation: A taxation specialization requires classes on law, business, economics, ethics and financial management. It can also have further specialties-within-specialties depending on the tax field that you occupy.

There’s no right or wrong answer when it comes to the question of specializing your degree. Consider your skills and career goals, and make a decision that aligns with your ambitions.

Choosing a Doctorate in Accounting Degree

Unlike choosing, let’s say an online associate’s in accounting , choosing a graduate program is a major decision. You could be looking at anywhere from 3 – 7 years of additional schooling, and that’s on top of juggling other work-life responsibilities as a busy adult, so you’ll want to be sure of your choice before you commit.

The first thing to consider is the value of your school. Is it accredited? Does it offer online doctoral degree programs? Does it have worthwhile research opportunities? Can you leverage any classes into real-world internships or apprenticeships?

The next thing to consider is the value of your degree. What kinds of jobs will be open to you that weren’t open before? In your particular field of accounting, how much do salaries increase from master’s degree holders to doctoral degree holders?

Last but not least, consider things like tuition, credits, transfers and admissions criteria. These nitty-gritty details can help make or break your decision to enroll in a particular doctoral program.

Accounting Curriculum & Courses

There’s a lot more to accounting than just punching numbers into a calculator, especially when you’re studying at the doctorate level.

Here’s a small sampler of possible classes for accounting students.

• Econometrics: Econometrics is the application of statistics to economics. It covers models, methodologies, analysis techniques and related mathematical principles.
• Accounting Information Systems: Accounting information systems (AIS) are the digital record-keepers of the industry, and these accounting courses can help you learn how to develop, maintain, protect and utilize them.
• Introduction to Accounting Research: Research is one of the biggest parts of a doctoral program, and this basic, fundamental course can help you build a framework for what will be expected of you at the doctorate level.
• Corporate Finance: Combining elements of both business and finance, these classes can help prepare you for financial management and accounting careers in the corporate world.
• Accounting Theory Research: Accounting theory is a wide-ranging topic that can cover everything from taxes to revenues to audits. It’s also the place to learn about Generally Accepted Accounting Principles (GAAP).
• Decision Making: Also known by names like “Strategic Leadership” and “Behavioral Decision Making Processes,” these classes are all about assessing risks, analyzing data and making judgement calls.
• Statistics/Probability for Business Research: These accounting courses expand on the basic models of statistics, logic and probability while channeling all studies through a business perspective.
• Dissertation: If your program requires a dissertation, you’ll probably have your pick of seminars and workshops to further your research.
• Colloquium: Some PhD programs will want you to attend colloquiums. If you’re enrolled in a long-distance program, these can usually be arranged locally.
• Internships, Fellowships and Assistantships: There might be face-to-face requirements for your degree if your program emphasizes real-world experience. Talk to an advisor about satisfying these requirements as an online student.

Remember that every school is different when it comes to curriculum requirements. For example, some might be strict about doctoral students completing a mix of core credits and electives, but others might be more flexible as long as high-quality research is being done.

Admissions Requirements

Schools can be quite selective when it comes to choosing students for their PhD programs. To increase your odds of success, you should take a detailed, in-depth look at the university’s admissions criteria. It will probably include some combination of the following:

• Transcripts. You’ll need your full academic record from both your bachelor’s and master’s degrees.
• Test scores. Most schools will want the GRE or GMAT. However, there are also “test-optional” schools that will waive this requirement.
• Resume or CV. Do you have any experience in the field?
• Letters of recommendation. The best letters come from recognized industry professionals and alumni of the school in question.
• Statement of purpose. This is the personalized part of your application, so if you have any special projects or publications under your belt, you can make sure that the admissions board knows about them.

For more information about a school’s admissions process, do some research online. There’s no such thing as “too prepared” when you’re trying to secure a spot in a highly competitive doctoral program.

Accreditation

As a PhD candidate, you’re probably familiar with the importance of accreditation, and it applies to doctorate-level programs just as much as associate, bachelor’s and master’s programs.

If you’ve forgotten the names of important accrediting boards, you can find them listed at the website for the Council for Higher Education Accreditation (CHEA).

Remember that regional and national accreditation are the most important types of accreditation. They’re the gold standard. Programmatic accreditation is valuable, but it isn’t yet commonplace.

Accounting Program Accreditation

If you do want to go the extra mile and find an online DBA in accounting with programmatic accreditation, you’ll need to start with the accrediting boards themselves:

• Accreditation Council for Business Schools and Programs: The ACBSP is for business schools and departments at every degree level, including doctorates.
• Association to Advance Collegiate Schools of Business: AACSB is widely recognized as one of the leaders of the industry, and it offers accreditation for more than 800 programs, including 190 accounting programs.
• International Accreditation Council for Business Education: With a global focus, the IACBE accredits business schools both domestically and abroad.

There are no accrediting boards that are exclusively devoted to accounting. Instead, accounting is considered a specialty of business programs, and it’s accredited through business-centric organizations.

Accounting Professional Organizations

Membership in a professional organization can be a worthwhile investment for both students and working professionals.

Not only do they offer academic- and career-related resources in the form of publications, job boards, conferences, trade shows and certification programs, but they can also help put you in touch with an entire network of people within your industry.

Here are just a few professional bodies that might interest you as an accounting student:

• American Accounting Association
• American Institute of Certified Public Accountants
• Association of International Certified Professional Accountants
• International Federation of Accountants
• Institute of Internal Auditors
• Institute of Management Accountants
• National Society of Accountants
• Professional Association of Small Business Accountants

As you can see, some groups are dedicated to accounting professionals while others have a broader focus in finance or business. Don’t be afraid to explore all of your options while pursuing an online doctorate in accounting.

Financial Aid and Scholarships

You’re probably familiar with the Free Application for Federal Student Aid (FAFSA), and it’s still worth filling out as a PhD student. You won’t be eligible for the same grants and loans as undergraduates, but you might qualify for things like the Direct PLUS Loan for Graduate or Professional Students.

Another benefit of filling out the FAFSA is that it can establish an official record of financial need. This might come in handy if you’re applying for need-based aid from other organizations. For example, there are scholarships for low-income students that require applicants to have filled out the FAFSA.

Additionally, there are fellowships and assistantships that doctoral students can use to offset some of their college costs. These tend to be very competitive, so don’t wait to apply.

How Much Does it Cost to Get a PhD in Accounting?

It can be difficult to estimate the cost of a PhD program. Unlike with bachelor’s and master’s accounting degrees, they don’t charge by the credit, and schools have different ways of calculating tuition.

For example, some schools will lower tuition rates for PhD students after three years of study, but this isn’t universal. Some schools will have high tuition fees but generous financial aid packages that pay for everything from textbooks to living expenses. There are even schools that offer stipends for those enrolled in full-time doctoral programs.

Ultimately, you’ll need to check with your university to figure out the exact price of their doctoral program.

Where Can I Get a PhD in Accounting?

Many universities offer doctorates in accountancy. The trick is finding good, reputable online doctoral programs offering accounting degrees. Here are just a few questions that you might put on your checklist:

• Is the online program accredited the same way as the traditional program?
• Are the classes completely online, or are they hybrid/combined classes that include campus visits?
• Are there any face-to-face requirements for internships, fellowships or assistantships?
• Will you have the same research opportunities online?
• What will the dissertation process look like online?

Be picky about your online doctoral degree program. Since you might be hundreds of miles from campus while you study, you’ll want to be fully confident in your choice of schools.

Are Online PhD Programs Credible?

Online PhD programs are a legitimate way to earn your degree. In many cases, they’re identical to the programs on campus; they’ve just been digitized by the school that offers them.

Accounting online degree programs still involve the same or similar courses as those on campus, and they typically have the same requirements to graduate. Online accounting doctorate programs are just a 21st century way to learn.

Are There Any AACSB Accredited Online PhD in Accounting Programs?

If you’ve been looking at accounting programs, you’ve probably run across the Association to Advance Collegiate Schools of Business (AACSB). It’s a recognized industry leader that offers accreditation for many business schools and programs.

They also accredit accounting programs. According to their website, there are currently 190 institutions with AACSB accreditation for their accounting programs. Not all of them are on the doctorate level, and not all of them are online, but you can sift through their directory and see what they have to offer.

How Long Does it Take to Get a Doctorate in Accounting Online?

It usually takes anywhere from 3 – 7 years to finish a PhD program. This number isn’t set in stone, however, and some students take even longer.

Your timetable can be impacted by many different factors such as your course load, credit requirements, dissertation length and full-time versus part-time status.

How Much Can You Make With an Accounting PhD Online Degree?

According to the Bureau of Labor Statistics, accountants and auditors have a median annual salary of $71,550 per year.

The top earners in the field can take home more than $128,680 per year.

What is an Online PhD in Accounting?

There are several options for a doctoral degree in accounting, including a Doctor of Philosophy (PhD) and a Doctor of Business Administration (DBA).

They’re both high-level degrees that can help prepare you for specialized roles in the world of accounting. Additionally, they’re both available with fully accounting online degree programs.

What is the Difference Between a PhD in Accounting vs. PhD in Finance

There’s a lot of crossover between a PhD in accounting and a PhD in finance. The classes, credits and research topics are often the same, and after graduating, the job prospects are often the same as well.

The difference mostly lies in the details. For example, finance programs are typically more focused on big-picture market economics while accounting programs focus on the day-to-day skills and tools that can solve a company’s problems. Finance programs may be better for future investors while accounting programs may be better for future professors.

The list goes on, but functionally speaking, both of these degree programs may be worthwhile choices if you want to make a career out of numbers.

What Can You Do With a PhD in Accounting?

Normally, if you are just trying to get started in the accounting degree, you may want to look for an entry-level position that requires a lower level degree, which makes degrees such as an associate’s degree in accounting worth it for many students. Once you gain experience in the field and are confident that accounting is the career for you, pursuing your doctorate degree in accounting can help open up high level job options.

The highest-paying careers usually have “manager” or “director” in the title, but you may also make a lot of money as a university professor, data analyst, policy researcher or financial consultant. The career possibilities are quite varied for accounting professionals.

Universities Offering Online PhD in Accounting Degree Programs

Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer degree programs online or in a hybrid format.

• PhD in Business Management – Accounting

Capella University is accredited by the Higher Learning Commission.

• DBA in Accounting

Creighton University is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools.

Drexel University is accredited by the Middle States Commission on Higher Education.

George Fox University is accredited by the Northwest Commission on Colleges and Universities.

Indiana Wesleyan University is accredited as a whole by the Higher Learning Commission of the North Central Association of Colleges and Schools.

• Doctorate in Personal Financial Planning

Kansas State University is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools.

Liberty University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

• PhD in Accounting (campus)

MSU  is accredited by the Higher Learning Commission.

• PhD in Finance

LIGS University  is accredited by Accreditation Service for International Schools, Colleges and Universities.

• PhD in Business Administration – Advanced Accounting

National University is regionally accredited by the WASC Senior College and University Commission.

• PhD in Management – Accounting

Rutgers  is accredited by the Middle States Commission on Higher Education.

• PhD in Business Administration – Accounting

Trident University is accredited by WASCUC—Western Association of Schools and Colleges, Senior Colleges and University Commission.

• PhD in Accountacy (campus)

The  University of Illinois at Urbana-Champaign  is accredited by the Higher Learning Commission.

The University of the Cumberlands  is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Walden is accredited by The Higher Learning Commission.

Getting Your Doctorate in Accounting Online

Maybe you enjoy research. Maybe your career goals include a position of authority in a bank, university or financial firm. Maybe you’re just dreaming of Wall Street and its six-figure possibilities.

Whatever your reasons for considering a PhD in accounting, it’s a degree that can help you go places. Start reaching out to universities and inquiring about their online doctorate programs for accountancy. The first step in locating the best online accounting doctorate programs for you is often the hardest, but once you’re moving in your school search, you may be headed on a path to a brighter future.

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Enrolling in a PhD program isn’t an easy decision to make. By the time people decide to get a doctoral degree in accounting, they usually have a job that takes up a significant portion of their time. Going to an offline campus and participating in all the related activities is a time-consuming process that not all people are ready to handle.

That’s where online PhD in accounting programs comes in. Getting an accounting degree online is an excellent way to gain significant knowledge, get the much-needed degree, and enjoy a personalized program without a daily commute.

Universities and colleges that offer online PhD programs make sure that the quality is the same as for their offline doctorate opportunities. That’s why getting your PhD online can be an excellent alternative to time-consuming offline studies.

Let’s take a closer look at choosing an online accounting doctorate program.

Advantages of Earning a PhD in Accounting Online Degree

If you are still unsure about your plans for entering PhD in accounting online programs, you can consider the following benefits of making this choice.

Within one university, online PhD don’t cost less than offline PhDs However, living on campus or traveling to the university every day can warrant extra expenses. Even if you are just taking the bus to campus, you still need to worry about food, clothes, and other expenses.

Since not all educational institutions offer doctoral programs, many people have to relocate to another city, state, or even country. This comes with significant expenses, stress, frustration, and many other downsides, especially for people with stable jobs and families who need attention.

A remote PhD can help you cut all of these costs while going about your life as usual.

Since there is a limited number of places a person is usually willing to relocate, the choice of universities where you can get your PhD isn’t wide. With a remote program, you can choose from a wide variety of universities and colleges on a global scale.

While not all universities offer an opportunity to get an accounting PhD online, many major schools are exploring this option. During the COVID-19 pandemic, universities discovered many benefits of such programs. That’s why more and more schools are making a decision about implementing them.

Just because you do the majority of studying remotely doesn’t mean you don’t get to network. Today, remote learning arrangements are highly comprehensive. You can network with faculty, alumni, and students. This can help you find new employment opportunities and learn from the best specialists in the field.

The key to reaping all the networking benefits is researching all the options offered by the school of your choice. Many remote students don’t explore the variety of opportunities because of the lack of on-site experience. With the right approach, it’s possible to reap all the same benefits you would with offline studying.

The majority of online doctoral programs have flexible schedules. You can study and do research on your own time. While you may still need to schedule online sessions with supervisors, they take up a small percentage of your research time.

People who have jobs, children, and other obligations can benefit from the flexibility that an online PhD accounting program offers.

While the benefits of getting your PhD online are impressive, this approach comes with a few downsides. One of them is the lack of personal interaction with your PhD supervisor. Online sessions might be less productive than offline conversations.

Getting your PhD online requires impressive self-discipline. You would need to choose the time for your studies and stick to it no matter how many other things you have to do at home. Many people don’t have such experience and often worry about not being focused enough to get an online education.

PhD in Accounting Program Online: Learning Formats

When you talk about getting an online PhD in accounting, you can consider several learning formats. One option is a 100% online program, which means you can complete all the program requirements from the comfort of your own home.

Another one is a partially online program. It means that you can do some of the work online. The rest of the requirements may need to be completed on-site.

When it comes to online doctorates in accounting programs, in most cases, you can count on the 100% online format. However, some doctoral programs may require offline learning.

While the fully online format may seem more convenient, some students appreciate the opportunity to communicate with the faculty offline. Here are the pros and cons of these two common formats.

For the fully online format, you get an opportunity to complete all the program requirements from anywhere you choose. All you need is a device with an internet connection. This format can come in two options:

• Schedule – you need to tune in to online lectures according to the schedule set by the faculty. You would have to enter a virtual classroom at a certain time. This limits your choice of learning time. However, it allows you to interact with other students and faculty in real time.
• Flexible – this format doesn’t require you to stick to a certain schedule. You get assignments online and complete them on your own time. Then you submit the assignment according to the set deadline.

When choosing your online PhD accounting program, make sure to check which format the school provides so it doesn’t come as a surprise.

Scheduled online meetings during the day may not be convenient for students who have full-time jobs and want to study in the evening. Meanwhile, a flexible program may not be the best choice for students who prefer real-time communication options.

A partial online format allows you to do some assignments online but come to the offline site to fulfill certain program requirements. This particular format also comes in two types:

• The majority of classes and assignments are online
• The majority of classes and assignments are offline

If you choose the first option, you may take the majority of classes online throughout the year but come to complete on-campus residencies once a term or once a year.

For many online programs, you may need to visit the campus to take exams or defend your dissertation.

Things to Consider Before Choosing To Pursue an Online Accounting PhD

By itself, getting a PhD in accounting is a serious decision that requires a comprehensive approach. When researching doctorate in account online programs, you need to consider a variety of factors. They include:

Whatever the goal of getting an online account PhD is for you, you don’t want to miss out on all the opportunities this decision offers. That’s why, it’s important to choose a program with the right accreditation.

Accreditation is a key to your degree program being accepted by the main employers in the relevant industry. Similar to traditional schools, online colleges and universities need to undergo a number of inspections and checks to show that they meet high standards. Only then, they can obtain a relevant accreditation.

In the majority of cases, you can find information about accreditation on the school’s website. If it’s not readily available, this should raise a red flag. Consider contacting the university and asking about accreditations.

If the university you choose is located in the United States, you can check its accreditation in the Database of Accredited Postsecondary Institutions and Programs .

An effective way to find out how the program you are considering works is to talk to students and alumni. Students can provide information that they can’t find on the website or get from the university’s officials.

Ideally, you can contact some of the alumni and ask them to share their experience getting an online PhD in accounting at their chosen university. You can find these people in groups on social media platforms. Many universities have social media accounts where alumni and current students interact.

Do some investigating by finding these people and asking them relevant questions? You can also source reviews from the university’s website. Questions to ask alumni include:

• How satisfied are you with the program?
• Did the program help you achieve your goals?
• Did you get new salary opportunities after completing the program?
• Are you satisfied with the faculty support?

While university alumni can share useful tips, their opinions can be highly subjective. Keep this in mind when making the final decision about choosing a particular program.

When you receive an online PhD in accounting from a particular school, how likely are you to meet your goals? If you are planning to get a higher-paying job, you need to find out whether this degree is valuable to the recruiters.

You can do some research online to learn how demanded online accounting degrees are from the university you choose. You can also speak to recruiters to learn about their opinions about the program.

If you manage to find alumni, ask them about their salaries. Are they getting what they expected to get after obtaining a degree? If they had an opportunity to choose another school for getting a doctorate in accounting online, would they do it?

Each university sets its own admission requirements for online PhD accounting programs. However, the majority of them are similar.

• Bachelor’s degree in a relevant field from an accredited university
• Master’s degree in a relevant field from an accredited university
• Graduate Management Admission Test (GMAT)
• English proficiency tests (for non-native English speakers)
• Minimum work experience in the field (for some universities)
• Local citizenship (for some universities)

Keep in mind that even if you don’t meet all of the school’s requirements, you still have an opportunity to get into the program. PhD students can get individual attention from the admission decision-makers if they have solid experience in the field.

Admissions requirements can also vary depending on the country where the university is based. In some over-the-seas colleges, you may need to provide the results of language tests.

Don’t give up on a suitable university simply because you don’t have a big GMAT score. Put all of your achievements and accolades on the application and work on the personal statement. Most likely, the committee will take them into consideration.

The college of your choice should also provide a list of things you need to prepare to apply. This list can contain:

• An application – you can usually fill the application out and submit it online.
• Application fee – the fee varies from university to university. In some cases, it’s possible to waive the application fee.
• Transcripts – you need to provide all of your transcripts related to getting a secondary education.
• Personal statement – a personal statement is your opportunity to shine and show your suitability for the program. It needs to demonstrate your understanding of accounting research and list your goals for the PhD program.
• Resume – make sure your resume is filled out and up-to-date.
• Letters of recommendation – the best letters of recommendation come from research-active faculty members. The goal is to give the admissions committee a full understanding of your potential.
• Official GMA scores – there is usually a minimum score you have to demonstrate.
• Official TOEFL scores (if your native language isn’t English) – there is usually a minimum score you have to demonstrate.

Pay close attention to these requirements. If you are missing something, it’s an excellent opportunity to obtain whatever the school is asking for before applying. It will be much harder to convince the university to accept you into the program if you don’t have all the required documents ready.

Top Programs for Getting an Online PhD in Accounting

The top universities that provide an opportunity to get a doctorate in accounting online include:

Located in Minneapolis, MN, Capella University has a wide selection of online programs. With more than 30 years of successful operation, this university provides excellent support, boasts experienced faculty, and makes it easy to complete doctorate programs without leaving the comfort of your home.

In this university, you can get a PhD or DBA in accounting . Many students leave great reviews about their experience with Capella.

The university is accredited by the Higher Learning Commission.

Located in Lynchburg, Virginia, Liberty University is number 3 on the list of the best online colleges in the United States. You can obtain an online Doctor of Business Administration in Accounting without having to study offline. You can also choose a hybrid program, which is designed specifically for students who prefer some offline assistance.

During their time at Liberty, students have access to a sizable Liberty library online. By the end of their education, they complete a doctoral research project.

The university is accredited by the Southern Association of Colleges and Schools Commission on Colleges .

Located in Newberg, Oregon, George Fox University is a private Christian school that offers an opportunity to complete your PhD program. In this school, you can become an  online DBA in Accounting .

The school offers a hybrid program. The majority of studies is done online. It’s complemented by the on-campus residency that happens twice a year. You get an opportunity to learn from the best experts in the field and network with students and the faculty.

The university is accredited by the Northwest Commission on Colleges and Universities.

Located in Cypress, California, Trident University provides an opportunity to earn a Doctor of Philosophy degree in Business Administration . You can choose the Accounting/Finance specialization. The program is arranged entirely online. It is excellent for students who want to focus on economic growth and development.

You can learn in a flexible environment, without having to take online classes on a specific schedule or visit the campus for the offline residency. Each student gets significant individual support to streamline the learning process.

The university is accredited by the Higher Learning Commission

Located in Columbia, South Carolina, the University of South Carolina is one of the oldest and largest schools in the state. The school offers a hybrid DBA in Business Administration with a specialization in accounting.

The program is hybrid. You can complete the majority of the courses online. However, you have to come to the offline location for orientation and practicum.

The school is accredited by the Southern Association of Colleges and Schools.

Online Accounting PhD FAQs

The cost of the program depends on the school you choose. Some programs may cost around $10,000, while others go up to $50,000. If the cost seems high, you can explore a variety of scholarship opportunities.

On average, it takes between 4 and 7 years to get a PhD in accounting. Some schools offer opportunities to complete the program faster.

Yes. Accounting is one of the fast-evolving and high-paying fields. It boasts some of the highest salaries across industries.

PHD in Economics, Associate Professor, Department of Business Process Management, Faculty of Market Technologies IOM

Top 10 Cheapest Online Doctorate in Finance Degree Programs 2024

Find your perfect school.

Author: Brenda Rufener Reviewed by: Melissa Anderson Reading level: Grade 10 Reading time: 10 minutes, 52 seconds Original publication date: July 2019 Updates: 4

This article profiles the top 10 cheapest online PhD finance programs.

Until recently, online PhD degree programs were limited, and traditional programs were the norm. Recently, reputable and accredited public and private universities started offering online doctoral programs. This includes the online PhD and DBA in finance. We reviewed several schools to find the top 10 cheapest online PhD in finance programs.

Featured Programs

Top 10 Cheapest Online PhD in Finance Programs Methodology

We looked at 30 colleges and universities listed by the NCES College Navigator. These schools offer online PhD in finance programs or closely related doctoral programs. Similar programs include Doctor of Business Administration (DBA) with finance courses or specializations. We narrowed our original pool of schools by applying the following criteria:

• Offerings of at least one online PhD in finance or closely related degree
• School and/or program reputation with rankings from U.S. News and World Report
• Affordable graduate tuition and fees of less than $20,000 per year

Some of the schools on our list offer stipends and tuition waivers. For clarity, we listed the school by raw affordability based on graduate tuition listed by NCES.

Below is our list of the top 10 cheapest online PhDs in finance.

Note: This ranking/article was originally published in July 2019 and was last updated in March 2024. The 2022 tuition updates may affect the ranking order, but the list has not been re-ordered.

#10 – Cambridge College Global

Online doctor of business administration in quality systems management, boston, massachusetts.

Website Graduate Tuition/Fees : $19,035

Cambridge College Global offers an affordable online DBA in finance program. It focuses on systems management. The program is designed for professionals with professional and personal obligations. The degree readies graduates for top executive positions within business contexts and industries. that value leadership, analytical thinking, and complex problem-solving. Courses may include:

• Business Analytics and Decision-Making
• Business Operations and Supply Chain Management
• Financial Management and Fiscal Leadership
• Organizational Development and Change Management

U.S. News and World Report ranks Cambridge College Global #147 in best online MBA programs.

• Supportive faculty
• Not a lot of statistical information available

#9 – National University

Online phd in financial management, la jolla, california.

Website Graduate Tuition/Fees : $15,912

National University offers an online PhD in finance. It is designed for working professionals seeking the rigor and flexibility of a PhD program. Graduates are prepared for a variety of careers, such as:

• College or university faculty
• Research and private positions in investment banking, financial planning/analysis

The program consists of 60 credits divided into 20 courses that require 45 months to complete. The program blends rigorous research with practical application. Students engage in:

• Advanced financial statement analysis
• Financial business decision modeling
• Investment selection techniques
• Earning and risk management

U.S. News and World Report ranks National University #105 – #115 in regional colleges Midwest.

• Diverse student community
• Great academic programming and resources
• Large class sizes
• Impersonal, lack of individual attention

#8 – Creighton University

Online dba in finance, omaha, nebraska.

Website Graduate Tuition/Fees : $19,676

Creighton University offers an online doctor of business administration in finance, two-thirds online and one-third residency. The program is accredited by the Association to Advance Collegiate Schools of Business International and draws students from over 26 states. The program is designed for working professionals to complete over three years. The program embeds seven residencies per year for the first two years and zero residencies in the third year. Courses may include:

• Applied Behavioral Research Design and Methods
• Applied Finance Research
• Applied Information Systems Research
• Survey of Innovative Business Pedagogy

U.S. News and World Report ranks Creighton University #1 in regional universities Midwest and #20 best online graduate business programs.

• Small class sizes
• Some issues with the financial aid process have been reported
• Limited diversity

#7 – Franklin University

Columbus, ohio.

Website Graduate Tuition/Fees : $12,060

Franklin University offers an online DBA in finance. It is for working professionals seeking a doctorate to prepare them for career advancement. The PhD in finance online can be completed in three years. It allows students an entire year to complete their dissertation. Additionally, upon approval, students can transfer up to 24 credits of previous coursework from other programs or institutions. In addition to advanced business concepts, such as:

Students also dive deeply into the political, cultural, and ethical issues that drive and impact business decision-making.

• Easy-to-use online platform
• Helpful supportive instructors
• Advisors are sometimes inaccessible
• Lack of support for active military has been reported

#6 – California Baptist University

Riverside, california.

Website Graduate Tuition/Fees : $14,914

California Baptist University provides an online DBA in finance. It can be completed in just three years, including the dissertation. The 50-unit program blends advanced theory with a praxis that develops students into outstanding business executives and leaders within various organizational contexts. The program’s structure allows students to work on only one course at a time every eight weeks. Strategic residencies are placed in the program that allows students to network with peers and faculty. Courses may include:

• Applying Economic Theory to Business
• Ethics in Organizations and Management
• Financial Analysis for Decision Making
• Orientation to the Doctorate in Business Administration

U.S. News and World Report ranks California Baptist #32 in regional universities West.

• Well organized online curriculum
• Tutoring services available
• Lack of student diversity
• Lack of financial aid availability has been reported

#5 – Johnson & Wales University

Online doctor of business administration, providence, rhode island.

Website Graduate Tuition/Fees : $15,156

Although not a PhD in finance online, Johnson & Wales offers an online Doctor of Business Administration. It provides advanced courses in finance and financial management. These courses include:

• Contemporary Issues in Finance
• Business Analytics and Intelligence

Other courses include:

• Advanced Strategies in Organization Development
• Contemporary Leadership Issues
• Problems and Methods in Marketing Management

The program is divided into eight-week courses, and completion usually takes three years. Students are provided with a lock-step dissertation model that they begin working on at the end of the first year. Johnson & Wales is accredited by the New England Commission on Higher Education. U.S. News and World Report ranks it #104 among the best online graduate business programs.

• Professors teach all classes
• Graduation rate is higher than the national average
• High student to faculty ratio

#4 – Atlantic International University

Online phd in finance, honolulu, hawaii.

Website Graduate Tuition/Fees : $13,000

Atlantic International University offers a cheap online finance doctorate. It prepares graduates for various occupations in private industry, higher education, and more. Additionally, the program focuses on key research areas in computer science within the context of financial decision-making and modeling. Students choose from a wide list of courses to tailor the degree to their career trajectory and interests. Featured finance courses include:

• Financial Economics
• Economic Statistics
• Empirical Applications in Finance
• Linear Statistical Methods
• Time Series Analysis

The program is completed entirely online. It is for working professionals who can’t attend traditional classes due to work and personal obligations.

• Very flexible programming
• Does not hold U.S. accreditation

#3 – Kansas State University

Online doctorate in personal financial planning, manhattan, kansas.

Website Graduate Tuition/Fees : $11,786

Kansas State University offers an affordable online finance PhD focusing on personal financial planning. Graduates go on to careers in academia and private industry. The hybrid program blends online learning in the fall and spring semesters along with 10-day summer experiences. The Higher Learning Commission of the North Central Association of Colleges and Schools accredits the institution. The program is housed within the School of Family Studies and Human Services. The program is designed to be completed in five years or less and includes courses such as:

• Advanced Research Methods
• Clinical Research and Applications in Financial Counseling and Planning
• Estate Planning for Families
• Financial Therapy Theory and Research

Kansas State is ranked #147 in national universities by U.S. News and World Report.

• A very tight-knit community
• Accepts dual and AP credits
• TAs teach many of the classes

#2 – Liberty University

Lynchburg, virginia.

Website Graduate Tuition/Fees : $8,630

Liberty University offers an online DBA in finance for individuals possessing an MBA from a regionally or nationally accredited institution and a minimum 3.0 GPA. The Liberty DBA in finance is completed entirely online, making it an excellent option for working professionals seeking to advance their skills and knowledge through the attainment of the highest academic degree. Finance courses include:

• business valuation
• investments and derivatives
• managerial finance
• mergers and acquisitions

Graduates of go on to careers as financial managers, chief sustainability officers, chief financial officers, and corporate treasurers. U.S. News and World Report ranks Liberty University #98 in best online graduate business programs.

• Strong focus on student success
• Very affordable
• Conservative atmosphere may not be for everybody
• Limited student diversity

#1 – William Howard Taft University

Lakewood, colorado.

Website Graduate Tuition/Fees : $4,610

William Howard Taft University has an online DBA. It focuses on business leadership and financial management. The program is conducted entirely online, with no campus visits or residential requirements. The flexibility and 100% online model make it a great option for mid-career professionals seeking to increase their knowledge and skills and further their career options. Courses may include:

• Conceptual Foundations of Accounting and Finance
• Global Business Practices and Challenges
• Global Strategic Management
• Negotiations and Dispute Settlement

William Howard Taft is accredited by the Colorado Commission on Higher Education.

• Affordability
• Not regionally accredited
• School has limited name recognition

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Frequently Asked Questions

What can i do by earning a cheap online finance doctorate.

An individual with an online Ph.D. in finance has a wide range of occupational options considering the transferability of skills and knowledge learned throughout the degree program that applies to most organizational contexts. Graduates can pursue careers as:

• Accountants and auditors
• Budget analysts
• Financial managers
• Financial researchers
• Financial economists
• Personal financial planning and management
• College and university faculty

Additionally, individuals with a PhD in finance may be qualified for executive-level positions such as:

• Chief Financial Officer
• Chief Executive Officer
• Similarly related positions that oversee entire departments and organizations

It is common for investment banks, hedge funds, and private equity firms to hire finance PhDs as research associates performing quantitative analysis of financial organizations and instruments. Many research associates start off their careers performing finance research for a specific industry or sector such as biotechnology, software, and energy.

Finance PhDs are also employed by the government as economists. Specifically, the federal government hires individuals to perform economic research measuring and analyzing how economic activity impacts local, regional, and national economies both domestic and abroad. These positions pay well, but typically less than those in private industry. The research conducted by individuals with these positions helps to inform and influence government policy.

Along with applied work as private researchers and economists, many finance PhDs work as college and university faculty. The main charge for academic jobs include conducting and publishing research and teaching classes.

What is the job outlook for individuals with an online doctorate in finance?

The job outlook is expected to remain very strong for financial managers and researchers across all sectors of the economy. According to the Bureau of Labor Statistics, the occupational growth rate for financial managers is expected to be 19% during the time period 2016-2026. This is a much higher growth rate compared to the average occupation. For context, the average growth rate for all jobs during this same time period is expected to be 7%.

Job growth is driven by several factors. Specifically, in the fall out of the economic and financial crisis, organizations are seeking individuals with expertise in regulatory reform and risk mitigation. As financial institutions seek stability and profit, individuals with these skills will be in high demand.

As organizations increase cash reserves both domestically and abroad, individuals with financial management skills including cash and risk management will be sought after as organizations seek professionals who know how to manage finances in a global economy involving foreign markets.

As online money management continues to increase, banking institutions will continually need to adapt to the changing landscape where internet money management is the norm compared to traditional in-person banking. As such, finance PhDs with knowledge of online money management and IT platforms will be in high demand.

How much money can I make with an online finance doctorate?

According to the United States Government Bureau of Labor Statistics, the average salary (median pay) for a financial manager is $127,990 per year. Compare that to the median salary of $38,640 for all occupations and it is easy to see that individuals with an online finance PhD make attractive salaries. As with other occupations, variables such as industry, years of experience, and geographic location all play salient roles in determining pay. Financial managers working in professional, scientific, and technical contexts earn the highest average pay of $151,610 annually. Government financial managers earn the lowest of any sector with a median annual salary of $112,830.

Financial and budget analysts earn wages ranging from $101,410 for investment-related jobs to $81,420 for credit intermediation (online banking) occupations. Fund managers may make far more than the above stated salaries as many of these analysts earn bonuses based upon investment performance. It is not uncommon for high-yield analysts to make in the high six-figures and even seven-figures on an annual basis based on strong investment performance.

Individuals living in high-population metropolitan areas will find the highest paying jobs and the most job openings. California and New York employ the highest numbers of financial managers and also pay the highest salaries. New York-based financial managers earn an average salary of $210,510 annually.

What is the difference between an online finance PhD and a DBA?

There are several differences between an online finance doctorate and an online DBA (Doctor of Business Administration). Read on to find out the distinctions between the two degrees.

A PhD in management is generally for individuals seeking to become academics. These individuals work as professors, instructors, and researchers within academic institutions or think tanks where researching theory and publishing in peer-reviewed journals are the main objectives of the occupation. Research is primarily conducted as a means to contribute to the field of existing knowledge within the discipline. Additionally, PhD students are typically recent graduates with little professional experience. The DBA degree is designed for the seasoned professional seeking to gain practical knowledge and skills needed to succeed on the job. While research is an important part of the curriculum, DBA students engage in more applied research to directly integrate it into their careers. DBA students are typically older, non-traditional students with several years of experience.

The Doctor of Business degree is relatively new compared to the PhD. The PhD is universally recognized by academic institutions whereas the DBA is still developing. As such, students enrolled in PhD finance programs may be required to teach as well as publish their dissertation in a peer-reviewed academic journal. While DBA students complete dissertations as well, they can be applied projects and may not be required to publish in academic journals.

How long does it take to earn an online doctorate in finance?

Graduate degrees require a lot of time and dedication. A PhD is a well-respected and universally known degree that propels the graduate to the highest level of academic distinction. The time to complete an online PhD in finance is largely dependent on the student and the programmatic structure. Typical online programs take between 3-5 years to complete. The advantage of online programs is their ability to cater to students with full-time careers and other outside obligations that inhibit them from taking full-time course loads.

Because Doctor of Business Administration programs are designed for working professionals, there is an abundance that allows students to take courses on a part-time basis. Part-time coursework typically means taking one course at a time per term. For many graduate programs, including full-time PhD and DBA programs, full-time enrollment requires two courses per term, which can be taken concurrently or one at a time. It is common for DBA degrees to take approximately three years to complete, with PhD programs taking longer. In addition to minimum completion times, it is critically important that students know the maximum time allowed to finish the degree. Some programs give students up to ten years or longer to finish provided they have everything done but the dissertation.

• Doctorate Degree Online
• Highest Paying PhD
• Online PhD Programs in Management Information Systems
• Online PhD/Doctorate in Accounting
• Cheapest Online Colleges
• Free Online Colleges
• 30 Colleges Helping Students Manage Finances
• What is the Difference Between a Degree in Economics and a Degree in Finance?
• What Are the Prerequisites for a Master’s in Finance?

This concludes our list of the top 10 cheapest online PhD in finance programs.

Best Online Master’s in Accounting Programs for 2024

Accounting is an essential component of any business today, and an online master’s degree program in accounting could ready graduates for CPA licensure or unlock job opportunities for those accountants seeking to boost their careers. To help guide people seeking a flexible way to obtain this graduate degree, Fortune is launching its ranking of the 11 best online master’s degree programs in accounting. This ranking was last updated April 2023.

Be Confidently Prepared for the CPA

1. University of Texas–Dallas

• ACCEPTANCE RATE
• CREDITS REQUIRED TO GRADUATE

2. University of North Carolina–Chapel Hill

• $52,069–$69,425

3. University of Massachusetts–Amherst

Maryville University Master of Science in Accounting | Online

4. SUNY Polytechnic Institute

5. Northern Illinois University

6. north carolina state university.

7. Syracuse University

8. Keiser University

9. University of Scranton

10. ohio university.

11. Colorado State University–Global Campus

Frequently asked questions

How long it takes to complete an online master’s in accounting (MAcc) degree will depend on your flexibility and scheduling. Part-time programs will require more time for completion, whereas full-time options may allow students to finish the program in as little as a year. Purdue University’s online program can be completed in 1.5 years at full-time status and Auburn University’s program can be finished in as few as three semesters. Most MAcc programs require at least 30 credit hours to fulfill the required 150 hours needed to sit for the CPA exam, which can take between 12 to 24 months to complete. 

Online master’s in accounting programs can vary in cost depending on the school, the total number of required credit hours, and a student’s residency status as in-state or out-of-state. For example, the MAcc program at Ohio University is $973 per credit, with a total estimated tuition cost of $29,190. Meanwhile, SUNY Polytechnic Institute’s cost per credit is $565 . Among the schools on Fortune’s ranking, tuitions range from as low as $15,000 to as high as nearly $70,000.

The average annual salary for accountants and auditors is $77,250, according to the U.S. Bureau of Labor Statistics . A MAcc degree, often utilized to help obtain a CPA licensure, can expand job prospects and increase potential salaries. Those people who hold a MAcc degree are more likely to be promoted to senior manager and partner positions . People who hold a CPA, and who may have completed a master’s degree in accounting, are often able to enter C-suite roles, where salaries are well into the six figures.  

There are many factors to consider when deciding whether a master’s degree in accounting is worthwhile. Completing a MAcc degree can open to the door to more job opportunities at higher salaries, especially when coupled with a CPA licensure. Some individuals choose to pursue a master’s degree in accounting in order to complete the necessary CPA exam hour requirements, while others are looking to build out their skillset in both accounting and other business related capacities. 

The certified public accountant (CPA) licensure and a master’s degree in accounting are different—though often closely related. Master’s in accounting programs are often a means for graduates to obtain the necessary hours required to sit for the CPA exam.  CPA hours can still be obtained without a degree program, and it is possible to obtain a CPA license without a master’s degree in accounting, though many individuals with a CPA also have a MAcc. However, MAcc programs can provide helpful insight, skills, and knowledge that may benefit a CPA test taker, and programs often have much higher CPA exam pass rates. Individuals with a CPA or MAcc (or both) are more likely to obtain higher paying jobs an advanced to senior management or partner positions than those without either qualification. One is not necessarily “better” than the other, as they both can boost salaries and opportunities, and they are closely tied.