I’m currently a Senior Tax Manager and am on the partner track. I was just approached about a head of tax position at a fast growing $2B market cap manufacturing company. Should I entertain this or wait it out to make MD or possibly Partner? Would staying until I get the MD title increase my chances of getting a head of tax position at a Fortune 500 later? Anyone prefer the life of a partner instead of industry?

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I’m in industry now and my head of tax makes more than 99% of partners make unless they are in leadership positions and I bet he works 60% as much as they do. If you can find a good company it can be as profitable with better WLB. But it will really depend on the company

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I say run with the interview process. See where it takes you.

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Definitely go through with interviews. You need to know if it’s something you want instead of a what if. So what, you interview, and you don’t like them, then don’t take the offer if they make it. I know plenty of VP of tax that have moved companies over the years

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Like others have said, explore the role. Typically the partner route is more lucrative and “safe”, but I know a handful of SVPs/EVPs of Tax who make $1M+ and then outsource all the hard work to the Big 4 partners that work for them. I doubt that would be the case at a $2B company though.

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Generally, the longer you stay in Big 4, the harder it is to get head of tax roles. For top industry roles, recruiters usually look for people with Big 4 and industry leadership experience. If you want to be a head of tax, I’d suggest leaving Big 4 sooner rather than later.

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Are you in big 4?

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I do have management experience in industry as well. I was director of income tax at my last industry job. Was kind of thinking MD title in public would round out my resume.

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If you are thinking that by staying you’d have a MD —> F500 head of tax path, I think you should count that out in your analysis.

Almost all F500 head of tax come either internally or from other smaller company head of tax.

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