Navigating the Tax Talent Shortage: My Journey to a Senior Tax Role

In November 2024, I achieved a significant milestone in my career by securing a senior tax position, thanks to my CPA certification. However, my journey also highlighted a somewhat troubling reality in the tax profession: many firms are not prioritizing the training and development of new talent to address the ongoing shortage of tax professionals.

It’s important to understand that if you’re looking to break into this competitive field, a little savvy self-presentation can go a long way. Many employers may initially overlook the gaps in your experience, especially if you can cleverly “sell” your potential during the interview process. It’s likely that once they see you at work, the firms will be inclined to provide the training you need—about 95% of the time, in my experience. So don’t hesitate to make a compelling case for yourself, even if it requires a bit of embellishment.

Strategies for Success

One strategy to enhance your attractiveness as a candidate is to aim for positions that offer salaries on the lower end of the scale. This approach not only makes you a more appealing hire but also increases the likelihood that the firm will invest in your training once you’ve secured the role.

Additionally, I cannot stress enough how beneficial it is to review your REG (Regulation) materials. If you have the knowledge and skills to pass the REG exam, you already possess a solid foundation that can help you succeed in lower-tier tax roles, such as an experienced associate or senior associate.

The Reality of Experience Gaps

It’s disheartening, yet true—many employers may come to realize your lack of experience after you’ve been hired. However, rather than firing you, they often keep you on board, acknowledging your potential in a way that allows them to save face. The reality is that letting someone go would mean confronting the fact that they were misled during the hiring process, which is a blow to their ego.

Ultimately, understanding this dynamic can be a powerful tool in your job search. By leveraging the insecurities that may exist within hiring managers, you can not only secure your position but also ensure that you receive the training you need to fill the gaps in your expertise. Given the pressing demand for skilled tax professionals, taking this approach can lead to a fruitful career path that benefits both you and the firm in the long run.

The key takeaway? Be strategic in your application and presentation. The tax field is open