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Many do it-particularly going to the Washington national office group or into m&a. There’s supposed to be a better wlb, but idk about that entirely. Also, the pay for m&a and wnt is generally pretty decent as well, not necessarily big law pay, but it isn’t too far off, especially at the experienced manager level (5-6 years) and up.
PwC1 - 220k is a first year associate pay at lock step firms.
That might be better than 10 years ago when I started and a first year manager still wasn’t making what a first year associate makes, but they’re still pretty radically different pay scales.
I’ve made the jump. To me, the pay decrease brought me to life in terms of better WLB and a larger investment in developing the soft skills. From a BL perspective, it’s a great investment in yourself in the early years in terms of developing tax technical skills. What Big 4 taught me was how to see the bigger picture and think through rate impacts, practical implementation considerations (i.e., the accounting treatment and on which GL you book on). and operational impacts.
That was 15 years ago.
I’m a senior director now for a large MNC (I haven’t updated LinkedIn in 8 years, so my title never makes sense). With stock comp, I’m making enough to provide for my family and make school events. Could I make more if I stayed in BL and shot for the brass ring? Definitely? Would I have the life I have now? Probably not.
Just have to ask what you want out of life and a career in tax.
I went from my 3rd year at BL to a manager role in WNT. I switched firms after I hit the senior manager level to 1) relocate and 2) broaden the expertise level to include other projects.
A hiring manager is going to focus on what skills the candidate has and whether or not those skills will translate to what the job description requires. I’ve seen some BigLaw attorneys fail miserably in house because of a lack of excel or accounting knowledge and some become VPs of tax. It’s all dependent on your skill set.
Happens all the time and rarely the other way around.
Define making sense?
It can help if you’re trying to be an in-house tax attorney or VP of tax.
It does if you would like to work at a public accounting firm.