I have my CPA & BS-ed my way into a senior tax role in November 2024. Many firms aren’t “getting it” that they need to train newbies into the pipeline to fill the egregious tax talent shortage. You’ll get “caught” & its 95% likely they’ll train you anyway, but you need to BS your way into the door

Navigating the Tax Talent Shortage: How to Secure Your Role in a Senior Tax Position

As a recent entrant to the world of tax with my CPA in hand and a Bachelor’s degree under my belt, I’ve successfully landed a senior tax role in November 2024. However, it’s become increasingly clear that many firms are struggling to grasp the urgency of nurturing new talent to address a significant shortage in the tax field.

Here’s the reality: if you can present yourself effectively, there’s a high likelihood—around 95%—that these firms will train you, even if your experience is lacking. Essentially, you need to navigate the hiring landscape with a strategic approach.

Key Insights to Break into the Field

One strategy you might consider is aiming for the lower end of the salary spectrum when negotiating your pay. Doing so can enhance a firm’s willingness to invest in your training, especially if they recognize your potential despite a lack of experience.

Additionally, revisiting your Regulation (REG) notes is crucial. If you possess the technical knowledge to pass the REG exam, you’re already positioned to succeed in an entry-level tax role, whether as an experienced associate or a senior staff member.

The Reality of Hiring Practices

It’s important to acknowledge an unsettling truth: when you enter a role without the requisite experience, you will likely face scrutiny. However, your continued presence in the position—with the firm opting not to terminate your employment—reveals their recognition of your challenges. This situation often boils down to an uncomfortable truth for employers; they need to maintain their reputation rather than confront the disappointment of their initial hiring decisions.

Thus, leveraging the ego of seasoned partners is essential in persuading them to provide you with the necessary training for a role that has remained vacant for longer than it would take to adequately train a new hire.

Conclusion

Breaking into the tax field may require a bit of finesse and courage. By understanding the dynamics at play in the hiring process and positioning yourself effectively, you can secure a valuable opportunity and contribute to filling the gaps in an industry that desperately needs fresh talent. Embrace the challenge, and remember that every entry point is a chance to grow and learn.