Navigating the Tax Profession: Securing a Senior Role Amid Talent Shortages

In November 2024, I successfully transitioned into a senior tax position, equipped with my CPA designation and a strategy for overcoming the challenges in our field. A glaring issue many firms face today is the persistent shortage of qualified tax professionals. Unfortunately, it seems that many are not recognizing the urgent need to cultivate new talent from within by providing training opportunities for newcomers.

You may feel the pressure to present yourself in a way that might bend the truth slightly—it’s a common practice to emphasize your skills in ways that make you a more attractive applicant. The reality, however, is that even if you do get “caught,” there’s a high likelihood—about 95%—that firms will still opt to invest in your training. The key is to find your way into the door first.

One effective strategy to increase a firm’s willingness to train you is to aim for roles within the lower salary range. By doing so, you position yourself as a less financially burdensome option, which can make the prospect of investing in your development more palatable for employers.

As you prepare to step into a tax role, revisit your Regulation (REG) study materials. If you possess the knowledge to pass the REG exam, you have a solid footing to present yourself as a candidate for an entry-level tax role, such as an experienced associate or senior associate.

It’s worth noting that, regrettably, the phrase “you will get caught” has a ring of truth. This acknowledgment from the firm, rather than leading to immediate termination, is largely about maintaining their own reputation. Firing someone implies a misstep in the hiring process, and many employers prefer to avoid facing the reality that they may have been misled.

Ultimately, it’s all about leveraging the dynamics of the workplace. Sometimes, a firm’s reluctance to let you go after discovering your inexperience stems from a desire to protect their ego rather than their business interests. By navigating these challenges thoughtfully, you can secure a position in a field plagued by vacancies—roles that might otherwise remain unfilled longer than it would take to train a new hire.

Remember, persistence and strategy are your best allies in gaining entry into the tax profession. Embrace the complexities of the hiring landscape, and you may just unlock the door to a rewarding career.