panel presentation posted August 6, 2010 by
Susan V Crosson, last edited March 22, 2012
title:
Accounting Education: The Real Facts About Who Teaches, Who Studies
moderator and panelists:
Bruce Behn, David Leslie, Susan Crosson
presentation session:
Monday August 2, 2010 Concurrent Session 2:00-3:30
presentation date:
August 2, 2010 2:00pm - 3:30pm
brief description:
Supply of and demand for Accounting faculty
- The number of Accounting faculty has declined.
- The number of Accounting students has risen.
- The number of Ph.D.’s produced is lagging far behind prospective retirements.
Competition for Accounting talent.
- Half of new Ph.D.’s are foreign born.
- Salary inversion signals inadequate supply, competing opportunties, less attractive working conditions.
- Pay for non-tenure eligible Accounting faculty outpaces that in other fields.
- Outside income, higher ratio of part-time faculty point to competition for talent.
Demographics changing
- Accounting faculty aging.
- Retirement rate accelerating.
- Fewer males, more females.
- High rate of entry by Asian-origin.
Over 40% of Accounting students are in community colleges.
- Mostly female.
- Older.
- Otherwise employed.
- Diverse.
- Higher “risk.”
CC faculty differ from 4-year/research univ. faculty.
- More part-time (2/3).
- Increasingly female.
- Otherwise employed.
- Less likely to hold terminal degree.
- More likely to have highest degree in other field.
- Much heavier teaching load.
Issues/Questions
- Accounting faculty work harder,
- Aging faster,
- Replacing slower.
- Becoming more female, more minority (esp. Asian).
- Relying on non-core (not tenured, no Ph.D., part-time, otherwise employed).
- Competing vs. other opportunities for accountants.
- Foreign-born Ph.D’s?
- Clinical or technical vs. professional content?
- Draw in allies to promote/support change, revitalization of field?
Comment
"Aging Professors Create a Faculty Bottleneck At some universities, 1 in 3 academics are now 60 or older," Audrey Williams June, Chronicle of Higher Education, March 18, 2012 ---
http://chronicle.com/article/Professors-Are-Graying-and/131226/?sid=at&utm_source=at&utm_medium=en
July 20, 2011 message from a friend
Jensen Comment
There are many reasons for such deals. The scholastic life of a university aided greatly by infusion of new blood.
But I would certainly hate to be running a university that has to replace half of its business school, its computer science department, its school of engineering, and its half its medical school all at the same time. That's too much of a shock in one year --- and a very expensive shock in professional schools living with heavy salary compression of senior faculty.
This is probably a great deal for faculty with $2 million in TIAA and substantial other savings and a yearning to breathe free. Presumably the University will also provide health insurance until eligible for Medicare.
It may not be such a good deal for faculty having less than $1 million in TIAA and not-so-great outside savings. It may not be such a good deal for faculty with trophy spouses that will not be eligible for Medicare for another ten or more years.
It is probably not a good deal to start Social Security benefits at Age 63 unless you expect to die young. For those that anticipate a long life, the best year to start Social Security collections is probably Age 70 in order to maximize lifetime benefits, although Social Security deals are somewhat uncertain in the present legislative fight over entitlements.
Have You Been Invited to Retire ---
http://www.trinity.edu/rjensen/HigherEdControversies.htm#Retire
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