You have passed some difficult exams and are now CTA qualified.
So now what?
Take the time to sit down with your employer and let them know exactly what you want from your career. Your boss is aware of your worth and is probably keen to hold on to you - this is your chance to find out how badly.
‘Take any 100 people at the start of their professional careers and follow them for 40 years until they reach retirement age, and here’s what you will find, according to research undertaken: only 1 will be wealthy; 4 will be financially secure; 5 will continue working, not because they want to but because they have to; 36 will be dead; and 54 will be financially broke - dependent on laughable pension contributions, relatives, friends, even charity to achieve a minimum standard of living.
That’s 5% successful, 95% unsuccessful.’
Making the right move, or at the very least checking on your options, is the smart thing to do. Taking the time to look at what the market can offer you is not only prudent, but it can make the difference between either being in that 5% bracket or worrying about your finances into old age.
London - £38,000 - £52,000
South East - £36,000 - £50,000
South West - £32,000 - £40,000
East Anglia - £28,000 - £35,000
Midlands - £36,000 - £44,000
North - £32,000 - £40,000
Scotland - £28,000 - £40,000
Northern Ireland - £28,000 - £30,000
The options for advancement in practice are many and the firms looking for qualified people include the Big 4, Top 50 and numerous independent firms. The only thing holding you back is your own ambition. Firms are keen to recruit CTA qualified candidates and can offer you the opportunity to specialise, move to a different tax area or focus on more consultancy based roles.
You may decide to move out of practice and see what it would be like working in one of the FTSE or dynamic AIM listed companies. Many qualified professionals move into industry to gain a fuller understanding of a business. Some stay and make a career out of industry; others prefer to take the valuable experience they have gained back into practice.
Why not work for a niche tax consultancy or make a move into a law firm or even try working in another tax jurisdiction. As a tax qualified consultant your options are global.
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