{ "media_type": "text", "post_content": "Newish guy here. Why does it seem like everyone on here wants to be in the international or M&A tax groups? What’s their draw?", "post_id": "615744bef5d15c002c4c0bfc", "reply_count": 33, "vote_count": 6, "bowl_id": "599555b669a73a0010aab3ac", "bowl_name": "Tax Bowl", "feed_type": "bowl" }

Newish guy here. Why does it seem like everyone on here wants to be in the international or M&A tax groups? What’s their draw?

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People think M&A is lots of pressure and their are deadlines. But hitting utilization is easy as M&A gets paid well for adding value. So if you’re working on a big deal it’s one code 8-10 hours a day and less pressure on keeping to a budget. Plus on due diligence it’s all upside - if you find a value add you get credit. If you find someone messed up it’s their problem. What I am saying is if you are competent it’s more upside and less risk vs being a doer responsible for a provision or a return.

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I mean, having m&a or international on your resume is practically a chick magnet. (Both guy and girl chicks, depending on your preference). I think that’s probably the biggest thing.

But jokes aside, it’s very prestigious work that’s more so appreciated than other fields. It’s constantly changing and agreed upon by most that it’s more difficult than other fields.

Honestly, it’s good work too. If you can get to the planning / deal side, it can be fun and challenging. It also allows for travel! (Well, before).

Also - there is a barrier to entry. Maybe that makes it a bit more exclusive. (Yes, anyone can join but it takes a little more work to get good at it. Relatively speaking.)

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$$$$$

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$$$ and exit ops

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You have to think about things outside of tax / none tax drivers for M&A - you gotta know everything. International tax is great, but it’s still tax

Also much more interesting work than compliance

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Amen. I think anything is more interesting than compliance… glad that’s no longer my area lol.

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🤑🤑🤑

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Higher pay, more interesting work, and generally less severe busy seasons

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My hours decreased in m&a from when I was in PCS. And on top of that, I’m in a HCOL market for m&a and I was in a LCOL for compliance

It's higher margin work. The downside is that when times are lean, they are starving. But we haven't seen lean times since 2010.

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I swithed from compliance to its for the money and the clear realization that what we were doing (when I did compliance 3 years ago) could be done by my 14 year old self. Clear job security issue there

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What do your weekly hours look like? People say more consistent hours with random spikes. Can you give more details on the number of those hours? Are the yearly goals for client hours the same as compliance?

Does International tax have many exit opportunities? I thought you limit yourself to companies with overseas presence after that.

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Yeah, how many companies that have in house tax resources don’t have ops outside the US?

Basically any company that has a significant tax budget needs international tax work. And if it doesn’t have a significant budget, it’s not hiring much of anyone anyway.

Pays better, technically challenging, generally more respect from peers and clients, better network from big market cap

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M&A and ITS pay more, work long-ish hours regularly, with a random workload that requires working on weekends by surprise, and have a wide range of great exit opportunities. Compliance group work ridiculous hours at seasonal times (or all the time if on rolling provisions) and get paid less.

The type of work has obvious differences; some people have a personal preference for one over the other.

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K3 - you keep saying this and it just isn’t true.

I left do an in house M&A role because that is what I wanted. But I absolutely had oops that were broader tax counsel/planning roles. I also know multiple M&A people who have edited to broader planning roles.

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Money and clout

$$$$

I think better WLB too.

Does it include Transfer pricing as well?

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