The drop-out rates of the two programs are quite different as well. For example, in my year we have 4 people in accounting, which is a lot compared to other accounting phd programs. Econ. department hired 20 people in that year. They already kicked out some in the first two years, and will kick out some more in the future. So, it is very difficult to get into an accounting phd program but once you get in you can reasonably expect that you can get out in 5 or 6 years. But for econ. phd, you need to work harder to survive. This observation, however, may not be generalized to other schools. It is well-known that there is a lack of accounting professors. A research shows a huge portion of current accounting faculties in the nation are in their late 50's or 60's, so the deficiency will become bigger in the future 5 to 10 years. The unbalanced supply-demand can also be observed in the escalating starting salary every year. Now even teaching schools offer quite decent salary (more than 6 digits) for new phd graduates, needless to say those research universities. Easy never comes to an adult's life. When you are depressed, think of the bright future waiting for you and the passion for research and knowledge. You may feel better. Keep the faith and effort up! Good luck. |