What is everyone's salary progress in tax? I specialize in high networth individual taxes - 1040s, 1041s, non profits etc. Looks like even big 4 managers are only making the 130k range (which seems a bit low from the hours they put in).

likehelpful
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I’m looking to get into this space as a manager and I have no experience. I do corporate tax compliance. Any insight would be helpful. Could we chat about this if you don’t mind? Or if anyone is seeing this and has input that would be helpful. Is this transition possible?

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Yeah, that's a level that's difficult to change in. I can ask my firm, if you're interested. We have three departments, one business, one HNW, one mix. You seem like a good fit for a mix. We have a structure where we work on family groups (so everything related to a specific client, flowing from the business entities to trusts to individuals) instead of only return types. It's a solid way to keep working with what you know and start to learn how to do other types and then pivot.

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I don’t remember exact numbers but it’s something like this (don’t remember bonuses either) -

2016 - A1 - $56K
2017 - A2 - $58K
2018 - S1 - $72K
2019- S2 - $94K
2020 - M1 - $101K
2021 - M2 - $130K
2022 - M3 - $160K

like

Location? Seems underpaid

Recent IconRecent

2008: $56k
2009: $56k (Great Depression)
2010: $63k
2011: $72k
2012: $79k
2013: $115k + 20k bonus
2014 - 2017: $120k + 20k bonus average
2018: $148k
2019: $160k (partial year raise)
2020: $178k
2021: $215k

2014-2017 year held me back. Comp should be minimum 10% higher

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Moving to industry wouldn’t necessarily have made your comp higher except to the extent you could be partner earlier. I’m on a really similar path except my industry time was later at a higher comp, and took a huge pay cut coming back to EY. (Also went VHCOL to MCOL).

2017 - 65k
2018 - 74k
2019 - 85k
2020 - 85k + 8k bonus
2021 - 110k + 30k bonus
2022 - 140k + 50k bonus

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Are you generating business to get those bonuses??

2015: 69k
2017: 75k
2019: 90k
2020: 130k (moved to tech)
2021: 190k
2022: 235k

I move jobs a lot which helps with salary progression.

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I specialize in building 0 to 1 products/businesses. So I do a lot of the initial strategy and validate the market and then help the company build an initial MVP.

Latest product was in the financial service space

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2020: 45k intern -> 54k associate
2021: 63k senior
2022: 110k senior (jump) -> 115k current

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Kpmg 3…. This is 2021 not 2018 lmfao.

PWC all years:
2017: 70
2018: 83
2019: 95
2020: 95
2021: 160 (switch to M&A tax)
2022: 230

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Yes m2
No not jd

All in MCOL

2019: 75k
2020: 75k (thanks covid)
2021: 110k
2022: 141k

likeuplifting

What department? I’m guessing you are in advisory.

I am starting as M1 at top 10 firm, based in FL…
$127k + 6% bonus for HNW tax team
reasonable? ☺️

like

The base salary sounds good. The variable income percentage should be a bit higher in my opinion.

like

Philly

2017 - 45k started at small local firm
2018 - 48k
2019 - 64k moved to larger firm
2020 - 69k
2021 - 82k promoted to senior
2022 - 92k

Am I getting hosed ?

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Yes

I got more when I asked for more. And yes you are getting hosed.

likesmart

Our seniors in 1040’s/1041’s are $90-$115k plus bonus and amazing benefits. Fully remote during tax season. Managers are $140-160k plus bonus and benefits. We’re hiring (like everyone) if you’re interested in chatting.

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Wealth management firm

2019 - $60K
2020 - $67K
2021- $87K + $3K bonus
*2022 - $95K + $40K bonus

*Switched from B4 to A&M

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It’s generally fine. Things certainly get busier as you near filing deadlines but nothing like your typical B4 crunch. You also get compensated well which definitely goes a long way.

Bay Area / Specialty Tax / Senior 2
2019: 71k
2020: 75k
2021: 100k
2022: 126k

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2017: 60–65
2018: 81- Promo
2019: 89
2020: 91 - COVID
2021: 103
2022: 119 - 132 Promo
NYC and manager now….feel like mine is low lol

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Not low for M1. Right around market.

2018: 66k
2019: 71k
2020: 85k
2021: 118k then 132k (switched to m&a tax)
2022: 150k with a raise to 170k

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I will be m1 this year

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2018: 57k (Big4)
2019: 59k
2020: salary freeze due to Covid
2021: 73k (switched to mid tier and title to S1)
2022: Unemployed - quit my job. Severely underpaid and overworked

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Wow good for you to know what you want. Enjoy your time off!!

2019 - 57k + Covid
2020 - 57k + 500 bonus
2021 - 84k + 5k bonus (promoted to senior)
2022 - 92k + 12k bonus
MCOL , I feel underpaid

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100k comp as a senior in MCOL seems good to me. I didn't make 100k til manager and I am also MCOL (non B4)

likehelpful

2018 = A1 = 62k
2019 = A2 = 72k
2020 = S1 = 77k covid
2021 = S2 = 93k (after mid year COL increase in Dec 21) + 6k bonus
2022 = S3 = 110k+ 7k bonus

like

2016: 58.5k
2017: 70k (promo)
2018-2020: 75k
2021: 90k
2022: 117k (manager promo)

I think I’m highly underpaid even as a 1st yr manager in big4.

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I can’t quit now due to personal reasons but I will next year. :)

helpful

2016: 57k TCI
2017: 65k TCII
2018: 75k Senior
2019: 87k Senior
2020: 105k Manager
2021: 135k Manager
2022: 200k Manager

I work in a speciality in HCOL on the west coast (LA/SJ/SF).

helpful

So those aren’t salary but total comp. Cmon man separate it at least lol

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