audit vs tax exit opportunities reddit
Audit entry pays less than tax but allows for far more exit opportunities since you arent as niche youre exposed. Product Control within an investment bank.
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Like Reply Share 10 months.
. Big 4 Audit Vs. Its got its negatives but overall its enjoyable. Below is a tabularized representation of the differences between choosing a career in tax vs audit.
However tax generally pays more. But from what Ive seen since I started. Like Reply Share.
Doesnt really prepare you for anything. Industry tax jobs ie. Getting into the big 4 especially in audit can make for a very promising career.
It was the only opportunity I was given out of college for internships and fulltime. However that is just my preference. 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.
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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. Your typical exit is F500 or IRS otherwise youre stuck in public accounting. Tax has a more specialized focus.
Like the other commenter said make sure youre 100 set on tax because its hard to escape once you go this route. Tax exit opportunities are largely limited to tax positions which is great if you really like tax. Worst case you stay in public.
Its much more like a normal office job than audit. Audit vs Tax Tax vs Audit. Higher you go the larger the separation but were not talking IB money.
This varies from company to company and would be the. 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. 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.
BTW pay isnt much better at lower levels for TSTAS vs. Tax may bring in more yield when it comes to profiting from practice. 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.
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. Ago Tax US You do tax work typically for larger companies. Basically anything in the field of tax.
1 reactions 10 months. Audit Much much broader. You just have to step away from the herd and look in places your peers arent.
F500 tend to be 9-5ers save for Qs and year end. Financial Planning Analysis FPA Senior Accountant. I think the only positive audit has is the better exit opportunities- but we Nicole be wrong there.
Much like an Investment Banking team. Personally I would choose audit just for the exit opportunities and many people I know find tax to be quite boring. I tried applying to audit opportunities but most recruiters pushed me to apply to tax.
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. Day-to-day is just preparing returns. The average annual salary for an auditor is over 10 less than that of a Tax Accountant.
Other than Investment Banking Corporate Finance other paths youll probably hear most of your newly-qualified Accounting peers considering will probably include. Both audit and tax have their pros and cons. Exit opps have been good to my group.
Has a broader focus than tax. 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. 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.
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