Tax Bowl

Are tax careers in PCS (individuals) less lucrative than Financial Services? Will there be a pay gap down the road? - Staff 1 on PE/HFs, prior exp in PCS and worried about exit opps if I transition

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Have you paid attention to the services EY is making a priority in their Global Tax Refresh?

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likehelpful
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I should probably look into that. thanks 🙂

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I am in PCS and my future is so littered with opportunity that I don’t know what to do with myself. I will never face a pay gap. I’d give the usual advice, keep your experience broad while carving out a niche. Individuals, foreign filings, estate and trust, closely held entities, etc. Try to run the gamut.

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likehelpful
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My friends who did PCS are now working at UHNW wealth managers / family offices making more than any tax managers at a PE/HF shop.

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smarthelpful
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There will probably be a pay gap but there will also probably be a quality of life difference as well. I'm in FS, life ain't great here haha.

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helpful
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You definitely have a lot of about opportunities in pcs, especially if you think you may want to be an equity partner in a smaller firm or have better balance in the future. Trust experience seems particularly in demand in my market.

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helpful
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Agree with TM2. There is tons of opportunity in the family office space and similar. Those guys still make tons of money. And a lot of times they are able to get into the same lucrative investments. Think of it as a small PE fund.

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