phd in accounting mit

Rodrigo Verdi

Deputy dean for degree programs, teaching and learning.

Rodrigo Verdi is the Deputy Dean for Degree Programs, Teaching and Learning and the Nanyang Technological University Professor of Accounting at the MIT Sloan School of Management.

He joined MIT Sloan in 2006 after receiving a PhD from the University of Pennsylvania and received tenure at MIT in 2013.

He has taught financial accounting to undergraduate, MBA, EMBA, and PhD students over the last 15 years. Prof. Verdi has received numerous teaching awards at MIT and Sloan including the Jamieson Prize for Excellence in Teaching (2021), the MIT Teaching with Digital Technology Award (2020), the Best Teacher Award at Sloan School of Management (2021, 2019, 2015), and the Outstanding Teacher Award at Sloan School of Management (2018, 2016).

He has previously served as a Senior Editor at the Journal of  Accounting Research , as an Editor at  The Accounting Review , and an Associate Editor at  Management Science .  His research has been published in the premier accounting and finance journals and has received the Distinguished Contributions and Best Paper Award recognitions by the American Accounting Association.

Outside MIT, he has served on the board of trustees at Laspau (a Harvard Affiliate) and the Cambridge Ellis School, as an advisor to the provost at the Unisinos University in Brazil.

Recent Research

"litigation risk and strategic m&a valuations.", "the innovation consequences of judicial efficiency.", "​a measure of financial statement benchmarking.", areas of interest.

• Accounting standards
• Capital markets
• Corporate disclosure practices
• Earnings quality
• Financial regulation
• Financial reporting

More about Rodrigo

Mit asia conference.

Rodrigo Verdi is a member of conference organizing team.

Publications on Google Scholar

Rodrigo's Google Scholar page

Working Papers on SSRN

Rodrigo's SSRN page.

Contact Information

Deputy Dean for Degree Programs, Teaching and Learning|Nanyang Technological University Professor of Accounting

Professor, Accounting

MIT Sloan School of Management

100 Main St

Cambridge, MA 02142

Support Staff

Gilly parker, connect with rodrigo.

Doctoral Degrees

A doctoral degree requires the satisfactory completion of an approved program of advanced study and original research of high quality..

Please note that the Doctor of Philosophy (PhD) and Doctor of Science (ScD) degrees are awarded interchangeably by all departments in the School of Engineering and the School of Science, except in the fields of biology, cognitive science, neuroscience, medical engineering, and medical physics. This means that, excepting the departments outlined above, the coursework and expectations to earn a Doctor of Philosophy and for a Doctor of Science degree from these schools are generally the same. Doctoral students may choose which degree they wish to complete.

Applicants interested in graduate education should apply to the department or graduate program conducting research in the area of interest. Some departments require a doctoral candidate to take a “minor” program outside of the student’s principal field of study; if you wish to apply to one of these departments, please consider additional fields you may like to pursue.

Below is a list of programs and departments that offer doctoral-level degrees.

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Top 10 Best PhD in Accounting Programs

Accounting is an abstract subject dealing with numbers and calculations. Personal finance requires strong attention to detail — imagine the meticulousness necessary to achieve a PhD in accounting! Prepare for a few years of mathematical and statistical study, and toning your analytical skills. The program offers a bright future, opening vast career possibilities  and excellent job prospects.

A booming field, accounting roles for financial managers are estimated to grow by 17%  from 2020 to 2030, according to the Bureau of Labor Statistics. This represents a much higher growth rate than the average for all professions.

Let’s explore the best accounting PhD programs so you can prepare for the next step in your finance career!

Table of Contents

Best PhD in Accounting Programs

The university of texas at austin, mccombs school of business.

PhD in Accounting

The University of Texas at Austin was ranked number one in the country for Accounting PhD programs by the US World & News Public Accounting Report . The University’s McCombs School offers one of the top accounting doctoral programs that welcomes students with diverse disciplines such as economics, mathematics , finance, and engineering.

• Specializations: Financial accounting, managerial accounting, auditing, and taxation.
• Duration : 5 years
• Delivery : On-campus
• Tuition : $1,000 per credit
• Financial aid:  Grants, loans, assistantships, and fellowships
• Acceptance rate : 32%
• Location : Austin, TX

The University of Illinois Urbana-Champaign, Gies College of Business

PhD in Accountancy

The University of Illinois at Urbana Champaign is renowned for its top-notch accounting faculty, boasting a high accounting PhD programs ranking by the BYU Accounting Faculty Research Rankings . Out of all the best PhD accounting programs, this one emphasizes productivity and results the most while valuing quality student placements to give you real-world work experience.

• Courses : Mathematical statistics, probability theory, and constructs in accounting research.
• Credits : 96
• Tuition : $652 per credit
• Financial aid : Fellowships, teaching/research assistantships, and tuition waivers
• Acceptance rate : 63.3%
• Location : Champaign, IL

Stanford University, Graduate School of Business

Stanford is one of the most prestigious universities in the world, with 19 institutes encouraging interdisciplinary learning and a $1.69 billion  sponsored research budget. It offers one of the country’s top accounting PhD programs, emphasizing both empirical and analytical research. Moreover, its balanced curriculum gives equal importance to coursework, research, and teaching.

• Courses : Financial reporting & management control, empirical accounting research, and microeconomic analysis.
• Duration : 4-5 years
• Tuition : Refer tuition page
• Financial aid:  Grants, scholarships, fellowships, and research/teaching assistantships
• Acceptance rate: 5.2%
• Location : Stanford, CA

New York University, Leonard N. Stern School of Business

The Stern School of Business of NYU offers one of the world’s most well-known accounting doctorate programs. The program allows students to study with other schools within the university along with Stern.

• Courses : Empirical research in financial accounting, microeconomic theory, and regression & multivariate analysis.
• Duration : 4 years
• Financial aid:  Fellowships and research/teaching assistantships
• Acceptance rate:  21.1%
• Location : New York City, NY

University of Pennsylvania, Wharton School

The University of Pennsylvania and Wharton School are world-renowned names in education. The school’s PhD in accounting program allows students to study with neighboring departments to gain exposure to other fields and innovative ideas from a wide range of disciplines.

• Courses : Empirical design in accounting research and advanced statistical inference.
• Course units:  16
• Financial aid : Full fellowships
• Acceptance rate : 9%
• Location : Philadelphia, PA

The University of Michigan – Ann Arbor, Stephen M. Ross School of Business

The University of Michigan is a prestigious higher learning institution and one of the best public schools in the country. Its PhD in accounting program encourages extensive collaboration between students and faculty in combined research opportunities.

• Courses : Contemporary accounting issues, pre-candidacy dissertation, and candidacy dissertation.
• Financial aid:  Full funding and graduate assistantships
• Acceptance rate:  26%
• Location : Ann Arbor, MI

Northwestern University, Kellogg School of Management

PhD Accounting Information & Management

Northwestern University’s Kellogg School is one of the oldest business schools in the world and has made major contributions to business, management, and marketing fields. It offers an information-focused accounting doctorate program with research scope for subjects like information intermediaries in capital markets, properties, and transformations in the information environment of companies.

• Courses : Research in accounting theory, empirical research in accounting, and special topics in empirical accounting research.
• Duration : 5.5 years
• Tuition : $13,085 per quarter
• Financial aid : Scholarships, fellowships, and teaching/research assistantships
• Acceptance rate:  9.3%
• Location : Evanston, IL

The University of Chicago, Booth School of Business

The University of Chicago’s Booth School of Business is known for its eminent faculty delivering groundbreaking research in accounting. This PhD offers doctoral candidates the freedom to explore their own research interests. They also get the opportunity to perform collaborative scholarly work with faculty members.

• Tuition : $66,096 per three quarters ($32,400 for fifth year)
• Financial aid : Grants, teaching/research assistantships, and fellowships
• Acceptance rate:  7.3%
• Location : Chicago, IL

University of North Carolina Chapel Hill, Kenan Flagler Business School

UNC at Chapel Hill is the flagship university of the University of North Carolina system. It’s known as a Public Ivy school, offering a high-quality curriculum taught by renowned faculty. UNC’s Kenan Flagler Business School is world-famous, supporting research in international accounting, accounting information in capital markets, and accounting standard-setting.

• Courses : Empirical accounting research, managerial accounting, and tax research.
• Credits : 48-61
• Financial aid:  Teaching fellowship, research/teaching assistantships, and tuition waivers
• Acceptance rate:  25%
• Location : Chapel Hill, North Carolina

The University of Mississippi, Patterson School of Accountancy

The University of Mississippi’s Patterson School is entirely dedicated to accounting studies. Its PhD in accounting program aims to develop scholars with a strong foundation in the historical background of accounting and expert research skills.

• Courses : Contemporary accounting theory, and financial accounting, auditing & accounting information systems research.
• Credits : 77
• Tuition : $504 per credit hour
• Financial aid:  Scholarships, fellowships
• Acceptance rate:  88%
• Location : University, Mississippi

What Do You Need to Get a PhD in Accounting?

Generally, you only need a bachelor’s degree in accounting or a related discipline to apply for a PhD program in accounting. Very few programs require a master’s qualification.

The exact requirements vary depending on the program, but you’ll usually need to submit the following to the selection committee:

• GRE or GMAT scores
• Undergraduate transcripts
• Personal essay or research proposal
• Recommendation letters
• Academic resume

Always check specific program requirements for colleges you’re interested in, and contact academic advisors in advance to verify. The top accounting PhD programs can be pretty competitive, so it’s best to carve out ample time to prepare a solid application!

Preparing for an Accounting Doctorate Program

Besides accounting, your PhD program will cover in-depth study of other subjects like economics and statistics. Our advice? Do some background preparation on these subjects, either through self-study or a foundational course.

Additionally, you should prepare yourself for serious research. Unlike undergraduate research, which typically aims to summarize existing knowledge, the goal of a PhD is to make new discoveries. Finally, you should brush up on your teaching skills because your PhD will likely involve giving seminars or tutoring undergraduate students.

Things to Consider When Choosing an Accounting PhD Program

Choosing an accounting PhD program is an individual decision. The right choice depends on various factors that can differ widely depending on the person.

However, here are a few factors that are relevant to practically everyone:

• Budget – What is the cost of tuition and other fees? What financial aid is available?
• Specializations   – What disciplines are offered under the program, and what are the faculty’s areas of expertise? How do these match your passions and career goals?
• Program reputation – Is the school well-known? What accreditations does it have?
• Delivery method  – Is the program offered on-campus, online, or in a hybrid format?
• Location – If you need to attend classes in person, even occasionally, how easy is it for you to get to campus?

Why Get a Doctorate in Accounting?

If you’re proficient with analytical and mathematical skills, a PhD in accounting can help you secure some of the highest-paying jobs in finance and economics. In these roles, you’ll apply the theoretical concepts you studied during your doctorate to solve real market problems, or transfer your knowledge to the next generation by teaching.

Jobs and Salaries for Doctors of Accounting

A doctorate in accounting can qualify you for a range of exciting and high-level roles in the finance sector.

Here are just some of the roles you’ll be eligible for once you’ve completed your PhD in Accounting, with the median annual salary for each:

• Associate Professor in Accounting ( $80,799 )
• Financial Manager ( $95,518 )
• Finance Director ( $115,603 )
• Analyst/Advisor ( $62,924 )
• Senior Financial Analyst ( $83,091 )

For more on job opportunities in the sector, take a look at our guide to the top 10 best jobs for MBA graduates .

What is the Average Cost of PhD Accounting Programs?

The cost of a PhD in accounting can vary greatly depending on the program and school. Remember, the total cost includes not only tuition, but also living expenses, fees and other study expenses.

Generally, prestigious private universities cost more, while public universities offer lower tuition and fees. Additionally, state residents pay less tuition and fees for state universities than non-resident students. Considering all these factors, the total cost for a doctorate in accounting could be anything from around  $10,000 to $70,000 per year.

Wrapping Up

A PhD in accounting will qualify you for some of the best job opportunities in the business and commercial world today. Alternatively, after graduation you could pursue a career in higher education, either in research or as a professor. With experts predicting an increase in accounting job opportunities in the sector in the coming years, the future looks bright for graduates with a doctorate in accounting.

For more on the best courses in finance and accounting, take a look at our guides to the best Master’s in Accounting , the best online MBA Programs , and the top 20 online PhD programs in 2022 .

What Does a PhD in Accounting Do?

With a PhD in accounting, you can work as a professor, consultant, financial manager, analyst, researcher, or one of many high-level jobs in the accounting field.

Can You Get a Doctorate in Accounting?

Yes. Many universities offer doctorate in accounting programs. As long as you meet the eligibility criteria (usually an undergraduate degree in a related field) and present a strong application, you can start your doctorate in accounting.

How Hard is a PhD in Accounting?

Like with any PhD, you need to have a high level of dedication, self-discipline and the ability to conduct strong research to earn a doctorate in accounting. You will also need to demonstrate strong writing, analytical, and presentation skills.

Can an Accountant Have a PhD?

You don’t need a PhD to work as an accountant. Depending on the role, most accountants either have a bachelor’s or a master’s in accounting . However, an accountant who wants to further their career or research in academia may choose to get a PhD in the field.

Do You Need a PhD to Teach Accounting?

A PhD is not typically required to teach accounting in certain settings, such as a community college. However, if you have one, you’ll have a lot more teaching options, including more lucrative positions at universities.

Lisa Marlin

Lisa is a full-time writer specializing in career advice, further education, and personal development. She works from all over the world, and when not writing you'll find her hiking, practicing yoga, or enjoying a glass of Malbec.

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PhD Program

The MIT Sloan PhD Program seeks students who demonstrate outstanding intellectual ability, have excellent academic records, exhibit a strong commitment to a career in research, and have previously worked in disciplines related to the intended area of concentration. 

Dates and Deadlines

Admissions for 2025 is open. The deadline for submission is December 1, 2024.

Admissions Requirements

The following are general requirements you should meet to apply to the MIT Sloan PhD Program. Complete instructions concerning application requirements are available in the online application.

General Requirements

• Bachelor's degree or equivalent
• A strong quantitative background (the Accounting group requires calculus)
• Exposure to microeconomics and macroeconomics (the Accounting group requires microeconomics)

A Guide to Business PhD Applications  by Abhishek Nagaraj (PhD 2016) may be of interest.

Nondiscrimination Policy:  The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment.

Read a complete text of MIT’s Nondiscrimination Statement

Application Components

Statement of purpose.

Your written statement is your chance to convince the admissions committee that you will do excellent doctoral work and that you have the promise to have a successful career as an academic researcher. 

GMAT/GRE Scores

We require either a valid GMAT or valid GRE score. At-home testing is allowed. Your unofficial score report from the testing institution is sufficient for application. If you are admitted to the program, you will be required to submit your official test score for verification.    

We do not have a minimum score requirement. We do not offer test waivers. Registration information for the GMAT (code X5X-QS-21) and GRE (code 3510) may be obtained at  www.mba.com  and  www.ets.org  respectively.

TOEFL/IELTS Scores

We require either a valid TOEFL (minimum score 577 PBT/90 IBT ) or valid IELTS (minimum score 7) for all non-native English speakers.

Your unofficial score report from the testing institution is sufficient for application. If you are admitted to the program, you will be required to submit your official test score for verification.   

Registration information for TOEFL (code 3510) and IELTS may be obtained at www.toefl.org and www.ielts.org respectively.

• You are a native English speaker.
• You attended all years of an undergraduate program conducted solely in English, and are a graduate of that program.

Please do not contact the PhD Program regarding waivers, as none will be discussed. If, upon review, the faculty are interested in your application with a missing required TOEFL or IELTS score, we may contact you at that time to request a score.

Transcripts

We require unofficial copies of transcripts for each college or university you have attended, even if no degree was awarded. If these transcripts are in a language other than English, we also require a copy of a certified translation. In addition, you will be asked to list the five most relevant courses you have taken.

Letters of Recommendation

We require three letters of recommendation. Academic letters are preferred, especially those providing evidence of research potential. We allow for an optional fourth recommendation, but no more than four recommendations are allowed.

Your resume should be no more than two pages. You may chose to include teaching, professional experience, research experience, publications, and other accomplishments in outside activities.

Writing Sample(s)

Applicants are encouraged to submit a writing sample. For applicants to the Finance group, a writing sample is required. There are no specific guidelines for your writing sample. Possible options include (but are not limited to) essays, masters’ theses, capstone projects, or research papers.

Video Essay

A video essay is required for the Accounting research group and optional for the Marketing and System Dynamics research groups. The essay is a short and informal video answering why you selected this research group and a time where you creatively solved a problem.

The video can be recorded with your phone or computer, and should range from 2 to 5 minutes in length. There is no attention—zero emphasis!—on the production value of your video.

PhD Program Events

November phd program overview.

During this webinar, you will hear from the PhD Program team and have the chance to ask questions about the application and admissions process.

PhD Program Application Q&A

During this online Q&A, you will have the opportunity to ask PhD Program staff your application-related questions prior to submitting your materials.