There are many benefits of becoming a tax manager as it is one of the major growing professions nowadays. Tax managers are accountants who are specialized in taxes. The major role is to ensure organizations comply with local, state, and federal tax laws. Further tax managers also develop tax policies and strategies for helping businesses and clients to maintain compliance with the local and federal tax laws and regulations. If you want to pursue tax management then you must know that this career can be incredibly lucrative. If you want to know more about the steps to becoming a tax manager, eligibility requirements, best universities for tax managers abroad, best universities for tax managers in India, and much more then Keep Reading!
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Steps to Become a Tax Manager
There are a few steps you need to follow to become a tax manager
First, you are required to earn a bachelor’s degree in accounting or finance-related majors. You can pursue courses in business management, business law, economics, and auditing. It is highly recommended to pursue a master’s degree after completion of a bachelor’s degree to get more employment opportunities and high packages however it is not necessary to have a master’s degree to become a tax manager.
It is required to get licensed as a certified public accountant by the state accountancy board before getting employed. To get certified you are required to pass the Uniform CPA Examination, complete college credit hours in accounting, and have relevant work experience.
After completion of the above two steps, you are required to gain prior experience. You can begin gaining experience in college itself by doing internships. After getting employed you would get opportunities to learn and practice tax-related functions that would help in preparing for the tax manager profile.
Then you have to create a specific and results-oriented resume to highlight relevant skills and experience that can help you to demonstrate your qualifications for the role of a tax manager.
You can use career search engines, network opportunities, and job boards so that you can identify and apply for tax management positions as per your skills and interests. Further, you can also review other application requirements and all other valid documents that are specific to the individual jobs.
There are a few eligibility requirements you need to qualify to become a tax manager.
- You are first required to complete the 12th class examination with a good score preferably with a commerce stream from a recognized institution.
- You must have a bachelor’s degree from a recognized university with relevant scores in finance and business-related courses.
Best Universities for Tax Managers Abroad
One of the important aspects while choosing a profession is enrolling in top universities abroad. There are many best universities that offer a program for tax management at affordable prices. Some of the best universities are
|Name of the Universities||Country|
|University of Manchester||UK|
|The University of British Columbia||Canada|
|University of Alberta||Canada|
|Memorial University of Newfoundland||UK|
|Arizona State University||USA|
|Ludwig Maximilians University Munich||Germany|
|University of Greenwich||UK|
|University of Waterloo||Canada|
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Best Universities for Tax Managers in India
If you are an Indian or planning to pursue studies in India then there are many colleges in India that offer programs for tax management. Some of the popular colleges are
|Name of the Colleges||Location|
|Miranda House||New Delhi, Delhi NCR|
|Loyola College||Chennai, Tamil Nadu|
|Hansraj College||New Delhi, Delhi NCR|
|Presidency College||Chennai, Tamil Nadu|
|Kirorimal College||New Delhi, Delhi NCR|
|St. Xavier’s College||Mumbai, Maharashtra|
|Ramjas College||New Delhi, Delhi NCR|
|Sri Venkateswara College – Delhi||New Delhi, Delhi NCR|
|Kalinga University||Raipur, Chhattisgarh|
|Stella Maris College||Chennai, Tamil Nadu|
There are a plethora of various job opportunities after completion of a degree in tax management. There is more reputation for tax managers in India due to rigorous training imparted to them. Top companies for tax management are
- Sri Guru Kripa
- SS Kothari Mehta & Co.
- Bhatia and Bhatia Chartered Accountants
- Indian Oil
- Real-time Taxsutra Services
The average salary of a tax manager is approximately INR 19,92,848 in India. The salaries of tax managers entirely depend upon the skills, qualifications, and experience of the candidates. Thus the salaries increase with the increment in experience and skills.
You are required to have valuable experience, and good knowledge about accounting, relevant laws, and tax compliance. Further, as a tax manager, you are also required to have at least a bachelor’s degree in taxation.
The major role played by the tax managers is accurately preparing and filing the federal tax documents. In addition, as tax managers candidates are also required to develop strategies and policies to help clients and maintenance of the business.
Some of the top companies for tax managers are
SS Kothari Mehta & Co.
Bhatia and Bhatia Chartered Accountants
If you want to get into a high university, you’ll need more than just good grades; you’ll also need a flawless application because the competition is fierce. You may enlist the assistance of Leverage Edu specialists to assist you with the application process so that you can realize your goals. Call us immediately at 1800 57 2000 for a free 30-minute consultation.