Do Tax Directors and VPs in industry generally work the same hours as partners at a firm? I know it depends on the company but typically I would hope the job entails more just managing and planning and if you set your teams up well you can enjoy your life and just be there to put out fires.

I enjoy tax but know the PA partner grind is not for me. Want to be making 250k-400k with the perks of making it to the top (for tax lol) entails without the crazy 60-70 hr weeks.

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There’s definitely more pressure in PA no doubt. In industry it varies by the company so it’s impossible to generalize.

As the head of tax (and assuming you have a team of 3+ people - ie. it’s not a super small company) you’ll primarily be spending time on stuff like m&a. Your main job would be to guide upper management to avoid tax pitfalls and to manage your tax advisors to get the best tax answers. One issue that I find particularly challenging and very different compared to PA, is guiding the upper management on tax issues. In industry, upper management generally have no idea about tax rules because they are all non tax people. In PA, you can just tell your client (who are typically tax people) that section 382 is an issue or that they should do the safe harbor election for success based fees etc. and they understand what you are saying. But as head of tax speaking in a room with the CFO and VPs from other groups you can’t do that. So to me, as the head of tax at a mid-sized public company the articulation of the tax matters in simple form is my main job. It may sound simple but you have to spend time thinking through how best to articulate the tax issues. If the upper management don’t understand your message your days there would be numbered. Hope this perspective helps as it’s hard to see this aspect from the PA side. All these said, I’d still pick head of tax in industry over partner in PA for a more balanced life.

likesmarthelpful

If you can sell consulting projects it’s a lot easier. We all know the goof off students who now make big $$$ because they can sell. That’s the only way I know to make the big $$$ without grinding. You just need to find a firm that will reward you for the sales.

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Almost any job making 200k+ entails more than a 2080 hour year. You might be able to find one that’s a consistent 50-60 year round, but I’ve yet to see a client paying any of their employees that much for 40 hour weeks.

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The beauty of LinkedIn is that you can connect directly with recruiters. Without interviewing, you can usually find out what the budget is. Most tax manager/vp/director positions range from 120-200k. Head of tax are the positions that start with 250k. You are basically running the entire tax department. Really tough day to day. Jobs are less flexible than public accounting but you are putting less hours.

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For a large company, you’ll probably need to head a department to start at 250k. I think tax counsel has higher salaries.

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