What Can You Do With a Master’s in Taxation?

Business Law

You may be considering getting your masters of law in taxation but you’re not fully sure if it’s the right move because you’re not entirely confident about what you can do with that degree under your belt. Most students who decide to get a master’s degree know that it represents a significant commitment of time and resources and, at the end of the day, that commitment needs to be worth it. But once you know what a master’s degree in taxation can provide, you’ll soon realize that having this degree makes you eligible for a wide variety of jobs in a sector of the workplace with a strong jobs outlook forecast.

What is a Master’s in Taxation?

This type of degree teaches you the basic essentials about federal, state, and local tax rules and regulations. Graduating with a Master’s of Law in taxation can provide you with the knowledge to pursue a number of career paths that are based around offering important tax advice and planning for individuals and corporations as well as qualify you for a position with the Internal Revenue Service or other departments of revenue at the state level.

Career Opportunities

Graduates holding a master’s in taxation from Syracuse University have a wide variety of potential career paths to follow from accountants to advisers and high-level executive positions. Working with taxes can put you in many different scenarios that have you working closely with all types of organizations and businesses in any number of fields. Taxes are part and parcel to doing business and we all have to pay them at some point, having a smart professional on your side can ensure that you are in compliance with all federal, state, and local tax laws. That’s where you come in.

Certified Public Accountant

A Certified Public Accountant (CPA) is someone tasked with preparing taxes for individuals and corporations. While you don’t need a master’s degree in taxation to become a CPA, it can be very helpful in preparing you for the CPA exam that you must take in order to get licensed in most states. The good news for anyone taking the program is that CPA jobs are expected to rise by 11% by 2024.

Chief Financial Officer

This position is tasked with overseeing the finances for a corporation or large organization as you build business plans, review financial strategies, and maintain all financial records and files. A CFO is also responsible for reporting all financial data and information to the company CEO and its board of directors.

Financial Adviser

A financial adviser is usually the person that is sought out by individuals, nonprofit groups, and companies big and small to help them create and reach short and long-term financial goals. Those can range from saving for retirement to saving for tuition costs as well as helping to build budgets and analyze trends in the stock market to identify investment opportunities that can help clients get a higher return on their money.

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