how do you even get out of tax...?? anyone with success stories? :(

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likefunny

funny but also sad 🥹 i regret doing tax so badly

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quitting from tax is success in itself

likefunnysmart

It’s very difficult to do, and I do feel your pain. One way would be to get an MBA in a different industry and try to network within the program. Another thing to do is to try to focus on industry roles still in tax (also very difficult to do, but the job can be VERY different than tax in public accounting).

I recently moved from being a manager in public in tax to an industry role also in tax for about a $100k jump. I got there by just keeping my eyes open for positions that were in my skillset and at my level. It took years but it finally did happen. If you have experience in one particular industry, you can target a tax role in that industry. Stay committed to it and you should see some openings in time. Good luck

likeuplifting

a $100k jump?? that's insane and super rare, dang much congrats

likeuplifting

I have been interviewing for assistant controller/ accounting manager positions for the last 6 months. The interviews always seem so promising- great feedback from both the interviewer and the recruiter. Then someone else comes along with more GL/audit experience willing to settle for a large pay cut. This is very frustrating; losing hope as well. Wish I can turn back time and shift away from tax!

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Go to research and tax planning for F500. Can build skill set to transfer to anything

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Tax at b4 to mgmt consulting, now at FAANG

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Did you pivot to consulting within your big4 firm you were at for tax? Or completely new?

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I'm currently have an interview with a wealth management company for client accounting. Not sure if it's a good op exit, but I am hoping to get something more than tax under my belt.

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Transfer to M&A tax, get some experience, and then go to industry in a planning group. I’ve seen peers move to treasury or corporate development.

Or see if you can work on banks as tax clients. Peer of mine left tax to become a CFO of a community bank. He’s making partner money while working 50% less…

Other options are out there, depends how far along you are in your career to make the pivot.

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Can you seek out a transfer at PWC to switch to audit? Maybe go to a smaller firm that will have you do both tax and audit to get that exposure?

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How many YOE? Do you have your CPA? I’d say that those are pivotal factors in being able to exit tax. Made the jump at 2.5 YOE w/ CPA to an accounting role at a private credit fund. Combination of luck and perseverance. Happy to speak more to my experience if you wanna PM.

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Man, I just want out of compliance and into a tax consulting group, but no… my group’s got pull like a black hole.

It was brutally had. Might need to take a step back to take one forward.

I talked to my supervisor, who wasn't very supportive, so I talked to my talent advisor and worked with her to get a new supervisor in assurance who was supportive.

I ultimately left that firm and went to a new firm and now I'm 100% assurance. I don't even have to do tax provisions now since we have a dedicated tax team who does that.

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UPDATE (RE: SoCal Assistant Controller Interview)

So after two weeks of waiting (and giving up on the idea of getting the job really), the recruiter got back to me.

They said due to month-end and quarter-end close they were busy and couldn’t get back to me as quickly for a “good update”.

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