What is better Audit vs Tax? And why?

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The better one is the one you like doing more

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Audit is better if you don't know what you want to do. Flexibility/exit ops are much greater.

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It’s way more flexible in tax than audit. Coming from someone who’s done audit before. Tax is super independent. You really own your schedule

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Audit better for exit ops to industry, easier to sell to the hiring managers.

Tax better for starting your own firm, in my opinion I find it more interesting

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Audit

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That all depends on you. I can tell you tax is way better than audit, and you could end up hating every minute of it. For one, audit people usually get to visit the client's site and get out more, while tax people are more at their desks and don't have to go anywhere. Depending on how you are as a person, you may love or hate that.

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^^ This is the answer.
I moved between tax, audit and advisory and every one has pros and cons. I liked the tax work itself best, I liked the team aspect of audit best, and I liked the high realization of advisory best.

Audit could lead to industry jobs who knows maybe even cfo somewhere

Tax the work can be more research based , somewhat limited exit opportunities especially the niche you get into (example SALT, partnership etc )

Looking back I did tax internships what drew me to tax was this is hard and a lot of people don’t want to do
I kinda wish I would have done an audit internship just to try it

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Advisory

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Audit. Opens more doors, less specialty focused.

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Tax has better job security in today’s environment. Audit is pretty general. Could be good. But everyone outside of accounting will think you do tax anyway.

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Do an internship at both and see which you enjoy more.

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At a small-medium firm, doing both is awesome. I have a Masters in Taxation and love tax work, but you become more well rounded, and ergo a better business advisor, by having some experience on the audit side. That's limited, though, to smaller clients, not Fortune 500.

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McKinsey & Company Hey folks!
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Hello,

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hi all, currently have two offers:

1: EY - FDD, home city, very good $$ for FDD

2: PwC - post-merger integration, DDV team (essentially M&A Consulting) - bigger city, always been keen to move

Coming as a Senior in Audit, with recent FDD exposure (2 deals, obviously not much). I was looking for something more than just number crunching, wanting a mix of quant / quali / strategic work. M&A Advisory or a Corp Strategy role is where I'm looking to end up long term.

Thanks in advance!

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