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

Title: Navigating Your Way into a Senior Tax Role: Strategies for Success

Entering the world of tax can be challenging, especially for those keen on securing a senior position. As someone who recently attained their CPA and successfully transitioned into a senior tax role in November 2024, I’ve observed some pressing issues within the industry—particularly the significant shortage of tax professionals.

One of the primary obstacles is the reluctance of many firms to invest in training newer entrants. However, I believe it’s essential to recognize that with the right approach, you can position yourself favorably even if you’re not fully qualified. Often, organizations may overlook your lack of experience if you can effectively communicate your potential and value during the hiring process. In fact, there’s a high likelihood—around 95%—that once you’re on their radar, they will provide the necessary training.

Here are some insights to enhance your prospects:

1. Aim for the Lower Pay Scale: When negotiating, consider targeting the lower end of the pay range. This strategy may increase the employer’s willingness to invest in training you, as it lessens their financial risk.

2. Leverage Your Knowledge: Before interviewing, revise your Regulatory (REG) notes. If you can confidently navigate the material for REG, you already possess a solid foundation to succeed in a junior tax position, whether it’s as an experienced associate or senior associate.

3. Understanding Hiring Dynamics: It’s crucial to recognize that if you’re hired despite your inexperience, it often reflects the organization’s acknowledgment of your potential rather than a complete dismissal of your qualifications. They may struggle with the reality of having made a hiring mistake if they later decide to let you go. In many cases, this reluctance can play to your advantage.

In summary, it’s important to navigate the hiring landscape with a strategic mindset. Don’t shy away from using the nuances of firm psychology to your advantage. By demonstrating your willingness to learn and grow—combined with effective negotiation—you can find yourself in a role that might otherwise be considered out of reach. In an industry facing significant talent shortages, firms often need to be reminded that investing in new talent can lead to substantial returns. Be bold, be strategic, and seize the opportunities that lie ahead.