Please ensure Javascript is enabled for purposes of website accessibility
September 22, 2023

Can I move from tax to financial reporting?

Ed. note: A query from the mailbag.

Hey GC,

After months and months of stressing about my exit opportunities from public accounting tax, I’ve come to the conclusion that tax accounting may not possibly be the ass crack of the accounting world, but it sure as well might be the space between toes of the accounting world or the back of the knee cap of the accounting world. That being said, compensation is pretty good.
I am now starting my second year as a senior associate (3+ years experience at Grant Thornton) and a promotion to manager is staring me right down in the face. I’m worried about what else I can do as a tax manager since most industry tax manager jobs are quite competitive. And all in all, tax accounting is not the accounting i studied back in school or for most of the CPA exam. I have been talking to recruiters about exit opportunities but they are only interested in placing tax professionals into other mid level tax roles (probably so they can get the most commission). My question is… tf can I get an experienced accounting/financial reporting role in industry with a tax background? Is it even possible? I’m not looking for a senior accountant position, but maybe an experienced hire position. Or am I pigeon holed into a tax role the rest of my career unless a take a huge pay cut (I’m OK taking less money to do something I’m more interested in, but if we are talking a 20-30% paycut, I’m screwed)?
Any insight into this conundrum would be appreciated.
The Back of a Sweaty Knee Cap of the Accounting World.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Advice: Leave Big 4 then come back?

Ready to get berated for this, but I want some constructive criticism. I graduated with a degree in finance and accounting, interned in audit with Big 4, and received an offer. The offer would start this August, and I’ve already taken 2 sections of the CPA exam. However, I’ve always considered pursuing medicine and I […]

Advice: Stay mid-market or try to get big 4?

Currently, I just finished my junior year of college and I have an internship with a mid market firm for next spring. I will be graduating that same spring with my bachelors in accountancy and will have my 150 credits to take the CPA exam. Assuming that I receive a full time offer after my […]