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Is Anyone Familiar with Big 4 International Tax (NYC)?

Posted: Thu Nov 13, 2014 8:26 pm
by Anonymous User
I'm a 2L at a T20 and was recently invited to PWC's Superday for the International Tax Services group in the NY office. I interviewed for the position during my school's second round of OCIs primarily because I wanted to cast a wide net in case things didn't go as planned. I have UG coursework and work experience in econ/finance/accounting.

Now that it's an option I wanted to see if anyone here had perhaps worked for a big 4 firm in a similar capacity or had any insight. Also, does anyone know what the salary typically is for JDs going to such a group? The type of hours/work one could expect? I'm torn onto whether give the option serious consideration and fly across the country to NYC so close to finals, or go with a recent offer from a smaller firm in my school's market. I have a position with a larger firm for the first 8 weeks of the summer and the remainder of my time would be spent with the smaller firm, or PWC if I decide to pursue this.

Any information/insight would be incredibly helpful. Thanks in advance.

Re: Is Anyone Familiar with Big 4 International Tax (NYC)?

Posted: Thu Nov 13, 2014 9:12 pm
by Anonymous User
I did Superday and received an offer from a Big 4 International Tax office in NYC but ended up accepting a big law offer (as like you it was a safety/backup plan). I never asked how much the salary was but if you do some searches on here the consensus was 80-90k for the NYC offices depending on what you bring to there table experience wise. Speaking to the associates hours seemed biglaw light, not working many weekends. They hire both Master in Tax and JD students and the JDs end up doing a lot more of the memo work on transactions while the accountants get put on more of the number heavy part of the deals. I gathered there was a lot of tax research and preparing memos on a portion of an entire transaction that would be presented to a client, a lot of times in PowerPoint. Also, I believe callback-offer ratio is way higher than for biglaw almost 100 percent. You're welcome toPM if you go off anonymous if you have any other questions.

Re: Is Anyone Familiar with Big 4 International Tax (NYC)?

Posted: Fri Nov 14, 2014 1:23 pm
by BigLaw_Lit
According to this thread a couple of people have got 100k+, seems that it depends on the group. Curious about first hand offers as well.

- http://www.top-law-schools.com/forums/v ... 8&start=25

Re: Is Anyone Familiar with Big 4 International Tax (NYC)?

Posted: Sat Nov 15, 2014 9:10 pm
by Anonymous User
BigLaw_Lit wrote:According to this thread a couple of people have got 100k+, seems that it depends on the group. Curious about first hand offers as well.

- http://www.top-law-schools.com/forums/v ... 8&start=25

I have first hand experience. A JD without an LLM in tax will start from 75-85K. Quality of life is better than big law. They encourage working from home. Much of the work you would be doing is tax consulting for cross-border transactions. Typically the ITS (international tax) will work daily with the M&A section. As an entry level, you will be given little responsibility because there is a very steep learning curve.

Hope it helps.

Re: Is Anyone Familiar with Big 4 International Tax (NYC)?

Posted: Wed Apr 29, 2015 3:56 pm
by Redbud
Anonymous User wrote:I did Superday and received an offer from a Big 4 International Tax office in NYC but ended up accepting a big law offer (as like you it was a safety/backup plan). I never asked how much the salary was but if you do some searches on here the consensus was 80-90k for the NYC offices depending on what you bring to there table experience wise. Speaking to the associates hours seemed biglaw light, not working many weekends. They hire both Master in Tax and JD students and the JDs end up doing a lot more of the memo work on transactions while the accountants get put on more of the number heavy part of the deals. I gathered there was a lot of tax research and preparing memos on a portion of an entire transaction that would be presented to a client, a lot of times in PowerPoint. Also, I believe callback-offer ratio is way higher than for biglaw almost 100 percent. You're welcome toPM if you go off anonymous if you have any other questions.
Could you PM me?

Re: Is Anyone Familiar with Big 4 International Tax (NYC)?

Posted: Thu Apr 30, 2015 12:06 am
by JD2013Tax
Anonymous User wrote:if you do some searches on here the consensus was 80-90k for the NYC offices depending on what you bring to there table experience wise.

Speaking to the associates hours seemed biglaw light, not working many weekends.

I gathered there was a lot of tax research and preparing memos on a portion of an entire transaction that would be presented to a client, a lot of times in PowerPoint.
I currently work in M&A at big 4, and all the above is correct. Those numbers you see around of 100k+ are for LLMs, and basically only LLMs from NYU/Georgetown/FL. Also, depending on market, LLMs are sometimes brought in as Senior Associates, where as JDs never are

Regarding hours, this is just office and group dependent. Big law light at worst. Also, my firm is lenient on working from home. I never have to stay super late or come in on weekends and can do what I need to from home.

The portion re memo is also correct. A lot of it is DD or structuring, it goes into a report along with TS (financial due diligence guys) and the tax team, with tax consisting of fed, SALT, and international components, all depending on the deal. The report is issued via a PDF of a PowerPoint to the client (or a spiraled hard copy depending).

Also, my group doesn't have any JDs that do anything more or less than MS Tax, everyone just does every type of work, there just happens to be 3/4 JDs in the group.