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 Career Landscape: A Guide to Breaking In

As I prepare to step into a senior tax role in November 2024, having recently earned my CPA, I’ve observed a troubling trend among firms struggling with a significant shortage of tax professionals. There appears to be a disconnect; many organizations are not investing in training new talent, which is essential to ensure a healthy pipeline of qualified individuals.

While it may not be the most straightforward path, there’s a strategy that can enhance your chances of landing a position in this competitive field. First and foremost, it’s important to present yourself confidently, even if you don’t meet every requirement. Many firms are willing to train new hires once they’re onboarded, so don’t shy away from selling your abilities, even if it involves a bit of self-promotion.

Consider Market Pay Ranges

One effective approach to increase a firm’s willingness to invest in your training is to target roles that fall within the lower half of the pay spectrum. By setting a reasonable salary expectation, you lessen the perceived risk for the employer. It signals that you’re flexible and adaptable, qualities that are vital in a rapidly evolving industry.

Strengthen Your Technical Knowledge

Before you dive into interviews, take the time to review your Regulatory (REG) exam notes. A solid understanding of this material can serve as a robust foundation for any tax position, particularly at the more junior levels, such as experienced associate or senior associate roles. If you can demonstrate your technical knowledge, you’ll be better positioned to navigate even the more challenging aspects of an entry-level tax role.

Understanding Employer Mindsets

It’s crucial to grasp the psychology at play for hiring managers. When you do land a position, and your lack of experience becomes apparent, the fact that they don’t terminate your employment speaks volumes about their willingness to acknowledge the gaps in your knowledge. Instead of viewing it as a reflection of failure, consider this acknowledgment an opportunity for growth. No firm wants to admit they were misled during the hiring process, which means there’s often a reluctance to pull the trigger on termination if they believe there’s potential for development.

In conclusion, approaching your job search with a blend of confidence, a keen understanding of the market, and a strong foundational knowledge can empower you to take control of your career path. The key is to leverage the complexities of the hiring process to your advantage, paving the way for growth in an industry that desperately needs fresh talent. Embrace the