I need help planning what I am going to do over the next two years to maximize my chances of getting into a good Accounting PhD program. To start, here is my current profile:
GMAT: Have not taken yet but my mock scores average 720 with a high quant score. I plan to take the test when my application draws nearer.
Undergrad degree: BS Accounting. I graduated with honors from the top university in my country in Southeast Asia (but not Singapore or HK) and in the top 10% of my batch.
Grad degree: MS in Public Policy and Management from a good US School (think Cornell, Carnegie Mellon, Texas A&M). I pursued this masters because of a scholarship. My quality point average was 4.0/4.0 and I graduated with high honors.
Relevant subjects taken:
During undergrad, I took Intro to Microecon (A), Intro to Macroecon (A), Calculus 1 and 2 (A+), Foundations of abstract math (A-), International Trade and Dev’t Policy (A), and Intro to Stat (A+) I also took heaps of accounting and finance subjects for my bachelor’s degree.
During my masters, I took Applied Microecon (A), Applied Macroecon (A+), and Statistical Reasoning (A+). I also took a subject on Data Analytics and Database Management (don't know if these are relevant)
I am currently planning to enroll in Calc 3 and Linear Algebra which I will likely finish by the time I apply.
Work experience: 5 months with a Big4 office in my country in the Transaction Advisory Group, 1 year of full-time work with a small firm that provides accounting services to SMEs. I also have close to 2 years work experience of part-time work with the small firm.
Teaching Experience: After working in industry, I got a job as a full-time instructor in the top university in my country. I have 4 years of teaching experience and have taught heaps of accounting and finance subjects. I've also had several small projects consulting for small businesses.
Research experience: I am expecting a sole-authored journal article to be published in my college’s local journal (a low-tier journal) some time next year. I am also expecting a book chapter I’ve co-authored to be published soon.
LORs: No popular LORs but all from academics
Research interests: Earnings management, disclosures
Other: I am a CPA in my country and I have also passed the level 1 exam of the CFA. I also know Python and STATA (used them for my research).
Based on my personal evaluation, here are the weaknesses of my current profile:
I have little work experience with a large company.
I can still improve my quant and econ background.
My masters isn’t a MAcc like those of most accounting PhD students (I don't have the resources to pursue one)
I can improve my GMAT (working on this)
No rockstar LORs
Little research experience
Currently, I’m still employed as faculty member by the university and I have the benefit of taking Econ Stats and Econometrics if I wanted to. However, I will have to take those subjects on the side and it will take me a year to finish both.
I also have the option of looking for a job now to address the first weakness I identified.
My main question is this: should I stay in my current workplace and take the econ subjects or should I leave and get another job to improve my work experience?
What would maximize my chances of landing a top accounting PhD? Also, given my current profile, how likely am I to get into the top 20 to 40 schools? Thanks in advance to anyone who can give their insights!