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Hi op, I use to work in expat practice and the main reason I left that group was due to not enough exit opportunities. The way I see it, you can leave for industry job to become head of mobility program . The pay may not be similar to what you make but will be close enough or even more in good years with bonus. They other option is to do a 6 month rotation in international corporate tax and then use that experience to get a job in industry or one of the regional firms. Get more experience and then work your way to a dream industry job or back to PA. I have seen manager and even senior manager with international tax experience getting provision related jobs in industry and then Corp tax manager getting international tax related jobs. I think it is easy to get a manager title job in industry.
I would say make a plan, then start reading relevant Articles to get more exposure. Also, try for rotations at your current firm and maybe tell the partner that you want to get out and want to get some experience before leaving.
Thanks! That’s helpful and yes, most people that I know who have left end up being heads of mobility programs - if you’re in the right one, it’s a lot of money but that’s not always the case.
I’m going to try and get some corporate tax rotations - I don’t have a CPA so I’m not sure how feasible those are but worth checking out.
The business traveler work I do is a big area of focus for a lot of companies know so I was hoping to leverage that somehow - I think it’s still a couple of years away but in my opinion, it’s going to be a bigger area of focus than expat practice so maybe there’s some opportunities there as well.
I have experience in tax compliance for business travelers as well as implementing our business traveler technology solution for clients. Additionally, I also spent a few years working on tax compliance for international assignees.
At this time, I’m trying to see what my options are - I’m open to anything really at this point, even outside of accounting. If that means having to learn a new skill or get a degree or some certification, I am certainly open to that.
Ideally, I’m looking for something that doesn’t involve taking a big pay cut - I’m open to taking a short term pay cut if it means it means I have better potential to work my way up and earn more than I would in public accounting. The way my trajectory is going, I’m not certain I’ll go beyond MD, or I may even be stuck at senior manager.
Other info that may be relevant - I don’t have a CPA, I have an EA. And I am 30 years old.
Unfortunately not - all my experience is with individuals.
By business travelers I mean people that travel for business and work in multiple jurisdictions without actually being on a formal assignment.
A lot of large corporations have very mobile executive populations. A move there can help you work into the compensation and benefits space. I’ve seen people start there and then go to payroll or the compensation group in HR. It’s a niche practice, so it’s harder to move around especially on the tax side.