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Audit definitely has more diverse exit opportunities whereas tax is more specialized
Goal in audit is to always be billable throughout the years. Audit busy season usually is February to June and can be more if you have off year end clients. Then you goninto 401k busy season through October. Then you go into interim fieldwork busy season.
I’m in tax. 100% go for audit or maybe try your luck and look into advisory. It’s tough getting out off tax
How many years should I try to stay before switching even if I find myself not liking it?
While tax is more specialize, it balances out with opportunities. In other words, the opportunities are proportionate to the opportunities auditors will have because there are more auditors. For example, let’s say for every 100 auditors, there are 10 tax accountants. There are 8 tax opportunities for every 80 audit opportunities. So while the raw number of opportunities for tax is lower compared to audit, you’re only competing against few tax accountants. Another benefit to tax is their job security is a bit higher than audit. Also, super specialized tax positions can pay much higher than your broader run of the mill accounting positions that auditors get.
Wow thank you, that’s a relief to know as I was initially planning to go into tax but got a little worried about exit opportunities. Which specializations do you think give higher pay?