Is it worth it to get a masters of taxation if you have 4 years of experience and a CPA? My initial thought is “no”, but I wanted to see if there are opportunities I’d be missing out on if I don’t have a masters in taxation.

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Everyone’s saying no, but I can tell you I have been offered more when looking to switch firms because of my masters. Not too many general tax managers make 190k (unless they are in a specialty tax group (I’m not).).

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I did as well and I’m glad I did.

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I already had a masters in accounting, my CPA license and still went back and earned my masters in taxation. Totally worth it in my opinion, especially if you're in tax for the long haul. I know for me, my experience was the reason the MST made sense. The things we covered in my classes weren't just theories. I had context in a way a lot of my classmates didn't have and I think I got more out of the program because of it.

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Nope

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I am doing it right now. It is a great investment in yourself and you will learn a lot if in the right program. I feel that the classes I have take so far have made me better at my job.

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Def worth it if the firm is going to pay for it! It will also be easier for you because Of the experience you already have and the resources (ie trainings etc) that the firm can offer you. It will help distinguish you from other candidates when you ultimately decide public accounting isn’t for you and you want to move to industry. But agree with poster above - I wouldn’t pay for it out of my own pocket because it’s expensive. The firm will pay for it. Good luck!

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Unless you want to teach or you want to get into something specific, I’ve never heard of it being useful

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In terms of career advancement and money no. If you’re trying to teach maybe but pursue PhD in accounting if anything

No

If your employer will pay for it, I don’t think it’s a terrible idea. If you are going to drop 50k for it I would advise against it

It absolutely is worth it if you plan to stay in Tax. If you leave Big 4 it is something your next company could use in your favor (or the reverse) if you are going up against other candidates with similar skills.

If you end up staying and going for Partner it would definitely be a question some may ask if you don’t have it.

I didn’t have a masters because it wasn’t a thing back in the 80’s but more and more it is almost table stakes.

It depends on the Masters program. At the right one you can get a real foundation in PS or ITS that will help if you want to specialize. But only the very best programs like top 3. An average MST program is not worth it given your experience.

If I could go back I’d do an LLM instead. Obviously a bigger commitment and $$, but I think the doors it opens compared to a MST are worth it

I think you can get one with a certain Econ degree as well but to clarify, I would have done a JD/LLM

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