Job Satisfaction and Life Satisfaction of Accountancy Graduates Over 50 Years

51 Pages Posted: 17 Jan 2022

See all articles by Seth Berry

Seth Berry

University of Notre Dame

Thomas J. Frecka

University of Notre Dame

H. Fred Mittelstaedt

University of Notre Dame

Jennifer Sustersic Stevens

Ohio University

Date Written: December 23, 2021

Abstract

This paper reports the findings of the first large sample survey of job and life satisfaction for one university’s accounting alumni graduating from 1962 to 2014. The alumni have relatively high job and life satisfaction scores. Factor analysis is used to obtain summary satisfaction scores, which are then regressed on control and accounting-specific variables. Job satisfaction increases with salary and health. Women’s job satisfaction also increases with law or graduate accounting degrees, while men’s job satisfaction also increases with age and long tenure at Big N firms. For life satisfaction, regression results suggest that married currently, children, health, and retirement increase life satisfaction for both men and women. Life satisfaction for men increases with salary but decreases with being unemployed. Women’s life satisfaction increases when they have graduate accounting degrees or other non-law graduate degrees but decreases when they are currently working at Big N firms.

Keywords: Educational outcomes, accounting graduates, job satisfaction, life satisfaction, graduate degree, Big 4, gender differences, CPA, auditing, survey

JEL Classification: C18, C38, I21, I26, J16, J28, J44, L84, M41, M42

Suggested Citation

Berry, Seth and Frecka, Thomas J. and Mittelstaedt, H. Fred and Sustersic Stevens, Jennifer, Job Satisfaction and Life Satisfaction of Accountancy Graduates Over 50 Years (December 23, 2021). Available at SSRN: https://ssrn.com/abstract=4009280 or http://dx.doi.org/10.2139/ssrn.4009280

Seth Berry

University of Notre Dame ( email )

Notre Dame, IN 46556-5646
United States
5746310018 (Phone)

Thomas J. Frecka

University of Notre Dame ( email )

361 Mendoza College of Business
Notre Dame, IN 46556-5646
United States
574-631-8395 (Phone)

H. Fred Mittelstaedt (Contact Author)

University of Notre Dame ( email )

374 Mendoza College of Business
Notre Dame, IN 46556-0399
United States
574-631-5087 (Phone)
574-631-5255 (Fax)

Jennifer Sustersic Stevens

Ohio University ( email )

College of Business Administration
526 Copeland Hall
Athens, OH 45701
United States

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