Can anyone give a rough idea or personal story of B4 salary progression in tax specialties with a JD/LLM? The lack of salary transparency is really frustrating when compared to the high level of transparency in law firms.

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EY offered me $80K as an associate last year. I heard JDs came in at $90K. 😒

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That’s awful.

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JD/LLM, B4 International Tax, HCOL

2017 A1: 89k
2018 A2: 104k
2019 jumped firms S1: 110k
2020 S2: no raise cuz of COVID, then raise to 114k midyear
2021 S3: 122k
2022 M1: 136k (found out I was being paid more than most managers in my group and realized what PA senior managers were paid in my office and decided I had to gtfo)

Late 2022 jumped to dream job in industry, manager level: 180k

Not expecting a meaningful bump in salary til promotion, which I’m expecting won’t happen til 2025/26

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That makes sense and I’m glad you were able to get to a better place mentally! Can’t underestimate that stuff.

My salary progression is a bit odd and I’m also a bit older. I jumped once for an extra 30k and I jumped a few years later for an extra 20k. I eventually jumped to a law firm and they then increased their comp across the board. I ended up doubling my salary to eventually get to 4XX.

But again, I’m older.

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Very few B4 paths can compete with law when you’re just looking at comp. My niche tax group has a good number of JDs. They all know they’d be making more in law, but they’d also likely be working more which says a lot considering we’re in busy season six months of the year.

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Law firms have busy season 12 months of the year 😂. It’s tough, but pays incredibly well.

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JD in HCOL. 1st yr was 120k. 2nd = 165 (jumped to another big4). 3rd = 181. All base so not including signing and EOY bonus. SA2 currently.

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First year associate with JD/LLM in M&A tax and base pay is 130k in HCOL.

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It depends

It depends on the firm, practice, group, location, etc.

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I started out at 105k base as an A1 in International Tax at a pretty HCOL area in late 2017. As M2, I was making 194k base last year (2022-23). TBC on the coming year’s raise.

I’ll leave my M&A pay below, noting that my market is now at $120k for entry level JD/LLm

2014: 85k
2015: 105k
2016 (SA): $120k
2017: $135k
2018 (M): 155k
2019: $170k
2020 (SM): $190k.

All the above are salaries with bonus trending around 10%.

Left before 2021 pay adjustments but make ~300k total comp in house now and left for about 250k.

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