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How do you for sure if big 4 is not for you?
Anyone recently received a tax manager offer from EY ? I’m going through final interviews and want to see what your experience was like (negotiation process, initial offer higher/lower than expected?, did you give them a salary expectation range? How long did it take from final interview to offer etc) TIA!PwC EY KPMG Deloitte
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They both hv gd career potential but international pays a lot more. International also has a lot of planning activities in addition to international compliance.
I do international so I am prob biased but I recommend international. It s only going to get more complex which means more things to do and more money
I’m a CPA in ITS. I only have 2 years experience (Senior), but I feel enormously far behind. There are so many code sections that I know nothing about and was not taught about in school. It’s really complex and takes a lot of studying. Gaining that knowledge is achievable though, just takes a lot of work. I work with a lot of CPA SMs who are very well respected. So not a necessity to be a lawyer
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Neither - learn ASC 740 and be able to support both FED/International items.
Let’s start with the difference between both. In federal, you will work on everything from R&D studies to NOL utilization to periods and methods to compliance to tax provisions. You will also pick up experience on C corps, S Corps, and partnerships as well. You will also do planning like return positions to M&A to local reorganization’s. International will be compliance, planning, foreign M&A, treasury planning, transfer pricing and foreign expansion. Both have skills that overlap.
There are a lot more exit opportunities for federal tax in industry versus international to be certain. I also wouldn’t argue that comp is higher for one specialist area over another. Compensation is market based.
For international, you can be a CPA or Attorney. In the end, what determines your success is whether you are willing to sit down and read the code and reps. When your national tax group offers a training, are you diving into it? Looking at what matters or asking questions? There are plenty of international tax partners out there who do planning. The lawyers outside of outside recruits are brought in from the IRS or treasury to help at the national tax level.
Hope this helps.
I generally agree with this. Def more industry roles with fed tax but cant agree with comp. International def pays more whether in industry or at PA. Once you are VP level it may be similar but before that, there’s def a huge gap.
I’ve found that pay equalizes over time especially at the director level and based on department and org structure (and public vs private). Fed directors usually have a broader range of responsibilities while international will have a narrow focus but requiring greater technical expertise. This is especially true for public companies because usually the fed director also owns the provision and ETR, which is where a CFO will place value.
There are pros and cons to both. What are you looking for in your career? “Opportunity and development” is pretty broad so you can find that in either.
You dont hv to be a lawyer. There are cpas in my practice but it is harder to get in without being an attorney.
You would hv to network your way in.
Somewhat true. The Cpas I work with work on restructuring just as I do. They are super smart but I assume there may hv been a bit of a learning curve for them