Another data point: My wife is a relatively recent PhD (6 years out). Her experience has been nothing but amazing.
When it comes to academia your field of study matters. Alot. My wife is a behavioral accounting researcher, which is a high-demand field with incredibly low supply. Her experience, compared to other disciplines, just couldn't be any more different. She's highly paid and does exactly what she loves.
It helps that she's really good at it I suppose. She received early tenure and will likely be promoted to full professor early as well. She publishes routinely and is active in service even though, given her discipline, she really doesn't need to be.
tldr; If your passion is accounting I'd highly recommend pursuing that PhD.
Umm, so what is behavioral accounting? I did google it, and it suggests that Steve Jobs (when he was alive) was a major asset of Apple and should be priced into the company's stock value.
It's like behavioral economics (Freakonomics, Predictably Irrational, etc..) but focused purely on how people are influenced by information, specifically accounting information.
When it comes to academia your field of study matters. Alot. My wife is a behavioral accounting researcher, which is a high-demand field with incredibly low supply. Her experience, compared to other disciplines, just couldn't be any more different. She's highly paid and does exactly what she loves.
It helps that she's really good at it I suppose. She received early tenure and will likely be promoted to full professor early as well. She publishes routinely and is active in service even though, given her discipline, she really doesn't need to be.
tldr; If your passion is accounting I'd highly recommend pursuing that PhD.