Is acquiring a Tax LLM pointless if you already have a JD and working in Big 4 Tax already?

like
Posting as :
works at
You are currently posting as works at

My personal opinion is that it’s not worth it if you’re going to work at Big 4. You lose a years worth of income and likely rack up some hefty debt

like

You could do your LLM while working. Most firms will pay for most if not all of it and you wouldn’t lose years of work. You’re only making $65k as a JD? You’re being severely underpaid! In a HCOL, many JD/LLMs are starting at 105-115k. I can’t imagine MCOL would be almost half?

likefunny

As I just mentioned in a reply below as well, my salary would roughly equate to 172,000 in Manhattan, NYC. Is that still pretty underpaid? If so, I feel like I’ve been played by the firm a bit :(

No, because LLM is very specific. It's about as useless as someone getting an MST when they have their BA in accounting.

If you get your LLM when you have relevant experience, you will get so much more out of it.

like

Why wouldn't you pursue your LLM while working?

You are significantly underpaid (considering you have a JD) and likely overworked. I don’t have my LLM, and I’m in Employee Benefits/Exec Comp HR diligence type work making low six figures.

Maybe consider transferring to a higher paying service line without it? Yes if you wanted to go to a BigLaw firm and practice tax law, it would help. Beyond that, I don’t see the benefit.

like

Maybe I’m technically LCOL? My salary would roughly equate to $172,000 in Manhattan, NYC according to Nerdwallet’s salary COL calculator. Or would that still be considered underpaid even accounting for that?

I’ve actually always kind of wanted to switch to National Tax, I’ve also heard they have better comp packages as well.

Get a tax LLM and become an IRS attorney, good WLB.

like

Unfortunately I don’t think my multistate background would translate well :(

Related Posts

Does anyone have any advice on finding a career coach? Im at a crossroads in my career and planning my next moves. Seeking advice from a professional, experienced coach. If you can recommend anyone that’d be great! Thanks!

like

What's your career path? I know firm life, govt litigation, or in-house arent for me, but I do like clerking for a Justice. I guess my question is, are there any other options aside from the first 3?

like
like

Looking to leave a govt job for a junior attorney role in a small workers comp defense firm. I have no experience in workers comp. How easy is it to learn the work and make 1850 billable hours? What future opportunities does this experience give?

like

Hello Fishes,

Need your input please

If i get lowballed package with good learning curve. Is it better idea to stick to it for next eight month and make another switch to recover the loss? Or should I search better job ? I have only 20 days left in notice

like

Hi everyone, i have started my carrier in dot net technologies and worked for about 6 years. Then shifted to dynamics crm and worked for 4 years. My total years of exp is 10 years. Now i want to shift to data science machine learning. I am thinking of doing a training in data science. Will i be considered as a fresher?

like

Anyone have the CFF from the AICPA and willing to share their studying/exam experience? Curious about required effort, study plans, exam structure, overall opinions of the cert. Thanks!

like

What is the experience required to become senior manager in US taxation

It’s feeling impossible to find a long lasting mentor-mentee relationship, especially when agencies are understaffed, timelines are ridiculously short and the best in the biz jump ship every two-ish years…

Does anyone have tips on how to become a better writer when you don’t have consistent senior writers around to share your with with?

like

How much do partners at big 4 make on average? How bout MBB?

like

Hi fishes,
I have 4.5 years of experience in .net and angular in cognizant I'm working I got call from
Genpact but In Genpact they are asking me join as lead consultant is it normal software engineer position or what any idea ..for only 4.5exp is it sufficient for lead consultant position.. firstly what is the responsibilities for lead consultant in GenpactGenpact

like

Just wondering what percentage of associates don't get promoted to senior? Anyone has the stats?

like

Looking to make a move from KPMG AAS and CBIZ (Director) and WilliamsMarston (MD) are front runners. Otherwise would make MD at KPMG this year. Thoughts/recommendations?

like

Looking to move to the Dallas Fort Worth area close to June I’m here to network and see it all would welcome me and help me out during my transition

like

Hello all. I'm a Foreign Medical Graduate who recently moved to US looking fot better life. Currently not Board Certified to work as a physician in US territory. I'm currently working as a Patient Care Technician in a dialysis company because it was the 1st job I could get when I got to the US. Is there any other option I can do where I can get a better pay or growth within the organization? Any advice would be greatly appreciated.

like

Is anyone currently in FAAS Digital Analytics practice that can share some insights of what your work experience has been like? Really interested in learning more and potentially pursuing this. Thanks!

like

Totally disinterested in tax, have 2.5 years experience and masters in accounting. Banking and finance jobs for about 3 years before I got into accounting. I don’t like the stuff that comes along with public, such as time tracking and hours goals. A transfer to audit is low on my priority list (also tough to pull off). Just started actively looking in industry, but fear that if I continue to stay in my current position, I will get pigeonholed into tax only positions in the future. Cont...

like

Passed the GCP Professional Architect exam earlier today, can’t understate how helpful Linux Academy was for overall preparation. Highly recommend.

like

Best way to prepare for SHRM ?
Any tips or resources that helped you pass the exam?

like

Does it look bad in my resume to resign after less than a year at a job? writing here the time I’ve spent at each company since graduating college:
- 2 years at company 1 (resigned to move back to home country)
- 2 years at company 2 (resigned and moved back to the US)
- went back to company 1 (it had grown exponentially after 2 years so came back at higher position) (resigned after 1 year to join a startup at director level)
- 6 months at startup and I want to quit with nothing lined up

like

More Posts

like

I am thinking to switch my career from being an auditor to software. How hard it is to switch? Has anyone done this? What are your experiences? Thank you.

like

What's maximum salary natwest can offer with
Yoe-4
Tech stack- java ,springboot, microservices. Current CTC -8.4 Lpa all fixed.

How competitive is it to get GSAP for HC in NY?

like

Has anyone shifted from design to copywriting? What did you do about your portfolio?

like

If you were to launch a new product campaign for a beverage in Feb/March, would you focus on spring/summer imagery or more oils that feel too premature? What cultural/timing things would you take into consideration?

like

Experience with keeping the account once your client gets acquired? Does the account get moved to the bigger company’s agency?

like
like

Describe your current deal in 10 words or less.

like

I received my PR and want to start looking for jobs in Canada. Don’t want to transition to current company’s Canadian office as I have burnt bridges here. US Mid tier MBA + 2 years in Consulting contd

like

Any investors have insights into what you look for investing in a social media platform? Is this something you do or do not have interest in/why?

Background is development of a social media platform looking for a $100k investment to get off the ground in a great market with tons of opportunity and proof of concept.

like

Hi Fishes, I've 5.7 YOE in digital marketing and i have an offer from PS for Senior Media Analyst Role in Digital Marketing Domain. After seeing all the layoff post i'm getting scared. It would be helpful if you could please let me know if anyone if fired from Digital Marketing Domain.

DOJ is Oct 31st, i dont have more time. Please comment if you know anyone from Digital Marketing.

Informatica openings any?
9+ experience

like

Those in FDD, why do you like it?

like

Any recommendations on apartments or condos for a new grad working in consulting?

Thanks!

Trying to stay under $2k/month

like

Is there such a thing as getting promoted TOO quickly? Just got the bump to AS after 10 months as an AE. Not at all typical at my agency (usually 5 to 8 YOE). I picked up a lot of opportunity after turnover last year. I am, of course, thrilled, but do wonder if it'd put the validity of my agency in question when looking at my resume. Am I crazy? I'm probably crazy.

like

RBC Canada folks - how long do you have to stay in one role before you can join another?
And do you need to get permission/approval from your manager before you can apply for another role? Asking for Canada based roles. Please if you can advise. 🙏

likehelpful

Decided to start dating again - realized I would need to tell some poor guy some day soon that I moonlight as a dominatrix 😣 I make too much

likefunny

Hi friends,

I am an immediate joiner. I have 7 years of experience in automation and manual testing.
Can anyone please refer me. I am in need of job.

Additional Posts in Tax Bowl

Processing time for cpa license in MA?

like

Hey guys I’m trying to figure out the market rate for a staff tax accounting position as I am new to the industry. I am looking in Long Island New York any help would be great. Looking to start at a mid sized firm.

like

What are the hallmarks of a poorly run tax practice, in your experience?

like

Anyone have tips for industry interviews for a tax role, but with folks from cross functional teams (e.g., corporate development and legal)? What kind of questions should I expect?

like

Do you play phone games during busy season?

My salary just got frozen @ 55.5k (SALT Tax, 1 year of experience). Should I start interviewing for other jobs? Worth it to stay 1 more year and “maybe” make senior? (PwC is 3 yrs to senior standard, 2 yr is early)

I have a Master’s in Accounting, and have 1 more CPA test then I’ll be done. Not sure if I have a strong enough resume to receive decent exit opportunities as a first year associate. I’m about to have busy season again and work 60,70,80,90 hour weeks at my low salary. Please advise!!

like

In 2015 different governments in the US collected $5,175,829,952,000 to service 321,230,000 people. That’s over $16,000 per person. Anyone else find this shocking?

like

What groups are best at tax valuations (e.g. IP and other asset valuations)?

Is it usually done by tax service lines or advisory service lines?

like

I am a 3rd year senior associate in alternative investment tax and up for manager promotion this year. I really dislike the long hours of this job and seeking to make a move. Although I’m not sure i necessarily want to stay in tax. I have a young toddler at home and want to find a job i like, makes decent money, and has decent hours so i can spend more time with family.

Has anyone been in a similar position and made a move? Can you please share your experience? Thanks!

like

Can anyone share experienced SM salary at BDO, medium COL city. Any idea what MD's start at?

like

Anybody work remotely in North Dakota for a firm in HCOL?

like

Tax Senior here. I’m well liked around the office, I put in the hours and work hard, I haven’t had any dumpster fire projects, but I am a mediocre performer compared to my peers (not as strong project management, communication, not as confident). I just got told they’re firing me. Should I expect severance? Have other people been fired for similar? What did you do with your career?

like

How does someone get involved with writing articles for their PA firm or publications like Tax Notes? Interested in helping to collaborate on an article (no specific topic in mind) but really just to see what the process is like, but not sure how to get involved.

like

What big firms let you get to manager and above with an MBA and/or EA for tax?

like

It’s hard to trust the partners/leadership when they want us to return to office as being better when we increase offshoring? Also, the pressure on billable hours when all that really matters is how much our fixed labor costs vs. how much we can bill (which is usually fixed fee or at least a range) and the fixed labor costs of offshoring is significantly cheaper so the hours don’t matter. Am I mistaken by this viewpoint?

like

List the college you went to. When you graduated. How much you pay monthly on student loans and when you think you will be done.

like

Opinion on CPA firms using fictitious names vs. an owner/person’s name?

like

If anyone needs referral to Deloitte let me know. Deloitte is hiring with solid comp.

likefunny

As an employee at pwc, can I sign “Form 3115s?” Is that allowed? Also, can I sign these forms for companies in California even though I’m a TX licensed CPA?

likehelpful

i’m at work literally stressed about $3.5k (spread across there states) and this is why i can’t stand state taxation.

how you gonna shut down a business license over $100?!

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal