I feel like I’m in a rut!
I’ve been in an Accounts Payable (AP) role for over a decade now. A few years ago, I relocated to Canada and secured a position at one of the Big Four firms, where I’m currently working in an in-house AP position. Unfortunately, this role seems to have hit a dead end with no opportunities for advancement, and I’m not interested in continuing in AP.
Right now, my salary is around $60k before taxes.
I’m seeking advice on transitioning to a more specialized role. I’m considering pursuing an Enrolled Agent (EA) certification and potentially moving into U.S. tax roles, but I’m open to other suggestions as well.
Should I stay in my current position at the Big Four until I complete my EA certification if I think tax could be a great path? Or would it be wiser to explore opportunities for better pay elsewhere?
One response
It sounds like you’re at a crossroads in your career, and it’s great that you’re seeking a change! Here are a few thoughts that might help you decide on your next steps:
Assess Your Interests: Since you’re considering moving into a niche role, take some time to evaluate what aspects of your work you enjoy the most. Is it tax, financial analysis, compliance, or something else? This could better inform your next move.
Education and Certification: Pursuing an EA (Enrolled Agent) designation can certainly open up more opportunities in tax, especially if you’re interested in U.S. tax roles. It’s a good credential and might make you more marketable. If you’re serious about this path, it might be worthwhile to stick with your current job while you complete the EA. This way, you have job stability and experience under your belt as you look to pivot.
Networking: While in your current role, take the opportunity to network within and outside the firm. Connect with professionals in the tax niche or other areas you’re interested in. Informational interviews can provide insight into potential career paths and may lead to job opportunities.
Explore Internal Opportunities: Since you’re in a Big 4 firm, consider looking for internal opportunities that may offer a transition to tax or a more desirable role. Sometimes large firms have resources to assist employees in making transitions to different departments.
Job Market Exploration: If you feel confident in your skills and have built a strong network, it may also be worth exploring the job market. There may be roles outside of Big 4 that offer better growth potential and pay. Tailor your resume to highlight transferable skills that are relevant to roles you’re aiming for.
Financial Considerations: If moving out of your role could lead to significantly better pay, weigh that against the potential benefits of staying for job stability while you upskill. Consider your financial needs and career timeline.
Alternative Career Paths: If tax roles don’t feel like the right fit long-term, think about other areas you might transition to. Financial planning, corporate finance, or consulting roles could leverage your AP background while expanding your expertise.
Ultimately, it’s a balance between leveraging your current position to gain further credentials and experience versus exploring new opportunities. Evaluate what aligns best with your career goals and personal preferences. Good luck!