audit vs tax exit opportunities reddit

The rest can be trained. Both audit and tax have their pros and cons.

Just In Case Anyone Wants To Know How Bad Big 4 Currently Is R Accounting

Tax exit opportunities are largely limited to tax positions which is great if you really like tax.

. Exit opportunities from doing tax in public accounting are doing tax at a smaller firm opening up your own firm doing tax planning tax consulting wealth management estatewealth management corporate tax and the like. You just need to take some initiative meet the right people and develop your interests. Exit opps for big 4 accounting opportunities usually consist of moving into another type of accounting corporate finance executive positions or CFO positions.

A big 4 manager I spoke with also advised that it would be better to apply for tax positions since my resume was more suited towards that and make a switch internally. Audit entry pays less than tax but allows for far more exit opportunities since you arent as niche youre exposed. Advice at least from an Alaskans perspective - your tax exit opportunities are same as audit in that you will likely end up working for a client whether you worked on their file or not so build your client relationships.

That being said busy season isnt horrible although it. Opportunities for other work may exist but recognize it likely wont be your day to day. Jun 15 2014 Exit opportunities from doing tax in public accounting are doing tax at a smaller firm opening up your own firm doing tax planning tax consulting wealth management estatewealth management corporate tax and the like.

Ago Tax US You do tax work typically for larger companies. F500 tend to be 9-5ers save for Qs and year end. The most natural move would be something in tax.

This varies from company to company and would be the. I am talking about international finance policy type stuff. Advisory careers with a company like KPMG can be extremely fruitful.

The average annual salary for an auditor is over 10 less than that of a Tax Accountant. Has a broader focus than tax. Doesnt really prepare you for.

People do leave later in their career for something not tax related but I like to view exit opportunities through the lens of the most natural move. The audit team does not have the technical capability to review valuations which clients use to measure certain balance sheet items. I tried applying to audit opportunities but most recruiters pushed me to apply to tax.

Much like an Investment Banking team. Your typical exit is F500 or IRS otherwise youre stuck in public accounting. Worst case you stay in public.

Finished 3 year ACA with PwC Audit Dept - ask me anything PwC Graduate Scheme 2020 - Video Interview Edexcel GCSE Maths Foundation Tier 1MA1F Paper 123 359 Nov 2020 - Exam Discussion. Industry tax jobs ie. Audit can lead to opportunities to move into FPA at some companies with the exception of many tech startups which seem to have a preference for investment bankers due to the financial modeling experience they bring to the table.

A career in audit can also lead to a lucrative future with great livability but it doesnt come without its obstacles. I was Big 4 Audit and now I am doing policy work for the federal government. Financial Planning Analysis FPA Senior Accountant.

Audit Much much broader. If you do decide within 1-3 years that tax isnt for. As such the Audit team engage VS as internal experts to review these valuations.

Big 4 Audit Vs. Doesnt really prepare you for anything. The later you leave the more likely your exit will be tax related.

In short audits biggest pro is that it does offer more diverse and varied exit opportunities in general because the knowledge you learn in audit is applicable to many areas. Basically anything in the field of tax. Getting into the big 4 especially in audit can make for a very promising career.

Tax has far fewer exit opportunities than audit the longer you stay in tax the harder it is to take on non-tax roles without a large pay cut. Other than Investment Banking Corporate Finance other paths youll probably hear most of your newly-qualified Accounting peers considering will probably include. If you do IT Audit there is a 99 chance youll be doing SOX and SOC reporting particularly if youre in a smaller market.

Not that unusual for an university graduate to receive an offer for big 4 audit and consulting job through on campus recruiting. Tax may bring in more yield when it comes to profiting from practice. Below is a tabularized representation of the differences between choosing a career in tax vs audit.

It was the only opportunity I was given out of college for internships and fulltime. At the entry level positions both industry will be looking for similar personality and soft skills. But from what Ive seen since I started.

If youre comparing purely the exit opportunities to go work on other things other than tax or audit yes audit is the clear winner because its not as specialized as tax is. I dont think anyone says tax is a bad career only that working in public accounting in tax can be more limiting to your options. Not everyone enjoys working late in a tense environment and the.

Tax has a more specialized focus. Product Control within an investment bank. A Senior Associate 2.

The common misconception here is that you are. Audit Much much broader. If you are interested in moving into something like IBD or PE that will not be a possibility usually unless you go back to business school.

Exit Opportunities from a Big 4 Deal Advisory Practice. You just have to step away from the herd and look in places your peers arent. A Senior Associate 2.

Basically anything in the field of tax. You are not limited to just accounting work as exit opportunities.

Why I Like Tax Over Audit R Accounting