AITI

da1&only

Hi im currently studying as a CPA and am curious as to how much a person who has a CPA and AITI qualification behind them can expect to be on?And is it worth while persuing both?I couldnt find any source online so all help is apprectiated.

Mr. Incognito

Do you intend working in tax?

Not relevant if you don't.

da1&only

At the moment im not sure.Its obviously a way of furthering your career seeing as you have another qualification behind you which will put you in better standing when looking for a pay rise or if moving firms.My main question is what sort of money can one expect haveing both?

Mr. Incognito

Once again you're looking at this the wrong way.

If you are working as an accountant- what kind of increase will you get for a tax qualification- none, unless you are working in a place where it is relevant or in tax directly.

In a big 4 environment there are standard increases with the ICAI exam sucesses and none for tax, even if you are working in tax. There are increases of course but it varies per department.

If you work in VAT for example there is a huge demand for VAT experts in industry with accountancy qualifications.

It all depends on your job. There is no such thing as tax qualification = X amount of money.

If you work in payroll and have a tax qualification for example you will get squat.

If you work in Industry in a tax department you could expect circa 50K for them.

One other thing, they are HARD, very HARD and require three years of ball busting study. The pass rate for the part threes is about 40% for first time sitters, and was 47% overall this year when you factor in re-sits so if you just want it to look good on the CV, think again. You also need a member to nominate you for the exams. i.e get sponsored.

da1&only

Obviously the qualification is relevent to your work.I would not expect to be getting paid more for a qualification i wasnt using.
I was only looking for a ball park figure of how much someone is on who has both and could maybe give me an example of what there work entails,so that i can get some direction.If i was thinking of going into Tax i would obviously pursue a carerr in this area and not just sit the exams which would be pointless.

I would also be exempt from part one of the tax exams after qualifying as a CPA.

Mr. Incognito

Well, I think it depends firstly on what are you are going into.

Different firms will have different work and pay structures. Big 4 pay the best and I think current entry with a masters is roughly 24K. Most of them have recruitment freezes coming into play soon so I wouldn't hold my breath. A rough guide for qualified wages is double your entry level salary.

Income tax is the widest with anything from stamp duty to human capital or private wealth planning

If it's corporation tax, it's almost exclusively accountancy and tax. Can range from small to large companies and increasing complexity with cross border stuff.

You've indirect tax which is VAT and customs, lots of work in industry at the moment and is highly specialised area of tax.

Then you have everything inbetween, like financial services groups that would deal with banks etc.

As a rule in the big 4 you specialise, medium or small firms will give you a more rounded knowledge but pay you buttons.

If you want anything more specific pm me.

Bren1609

A newly qualified CPA can expect to earn btw 40 - 45 pa. If you go on and qualify as an AITI and are working in practice you can expect to earn approx 60K pa. After that your experience and skill will determine your salary increments.

Fruiti

60K is about right, more if you're a manager in a Big 4. But it'd be impossible to join as a manager unless you've already got experience as a tax manager. I second what was said above - they're pretty tough! I found them far tougher than accounting (ACA).

Alyosha

Mr. Incognito wrote: »

Well, I think it depends firstly on what are you are going into.

Different firms will have different work and pay structures. Big 4 pay the best and I think current entry with a masters is roughly 24K. Most of them have recruitment freezes coming into play soon so I wouldn't hold my breath. A rough guide for qualified wages is double your entry level salary.

Income tax is the widest with anything from stamp duty to human capital or private wealth planning

If it's corporation tax, it's almost exclusively accountancy and tax. Can range from small to large companies and increasing complexity with cross border stuff.

You've indirect tax which is VAT and customs, lots of work in industry at the moment and is highly specialised area of tax.

Then you have everything inbetween, like financial services groups that would deal with banks etc.

As a rule in the big 4 you specialise, medium or small firms will give you a more rounded knowledge but pay you buttons.

If you want anything more specific pm me.

Good post. I'm going into Tax in a Big 4 and really looking forward to finding out what area I'm "put" into. Have a while to go yet though, half of final year and a masters ahead of me first!

For what it's worth, masters graduates going into tax in a Big 4 tax next October are on 25k, 26k, 26.5k and "competitive".