I'm going to be in a tax group in the summer (intern) and was wondering how a specialist tax group would fare in this economy? It's under the tax umbrella but has consulting elements (m&a tax)

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Great question! Are you in law school or doing a masters in tax?

I think the M&A market will feel this impact pretty hard but accounting firms are ready for this kinda stuff. For example they have a bankruptcy group that probably does great during serious economic downturns.

For you, I would say stick it out for the summer and see if A, you like it and B, if they’re hiring in the group when you finish (might do a partial hiring depending how things shake out). Otherwise, I would start thinking about what other groups you might like (SALT, int, federal, etc) so you’re well positioned should the decision present itself.

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*recent graduate* Whenever I ask an employer why I didn’t get the job or get to the second step in the interview process, they never respond. So, I’m assuming my lack of experience (I never did an internship in school🤦‍♀️ ) or portfolio is the problem.

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