Currently, the accounting profession is in the process of transitioning from a male dominated profession to a predominantly female one. Other professions that have undergone this switch experienced declines in the status of the profession and the salaries. So, although women have not yet gained equal access to all levels of the accounting profession, as it becomes predominately female, perhaps they have reached the pinnacle of their success in this area if their predominance will result in lower prestige and salaries. Understanding the history of exclusion faced by women in both higher education and the accounting profession provides important information to understanding the current gender composition in the profession. Several gender-based scenarios are possible for the future of the accounting profession. And of the possible scenarios, there are alternatives that hold the potential for a positive outcome for both genders and the accounting profession as a whole.