1. University of Southern California
Los Angeles, CA • Private
A tax analyst is responsible for the preparation, review, and filing of tax forms. Apart from the preparation of taxes, tax analysts are hired to devise means for reduced tax payments. You are in charge of the preparation of tax returns and quarterly tax payments. You also handle all the tax paperwork for your client. Your job involves the calculation of taxes owed, saving gained from deductions, and other costs that influence the final tax estimate. As an analyst, you make recommendations that concern tax breaks, deductions, and ways to reduce tax expenses. To succeed as a tax analyst, you must stay updated about tax laws and recent modifications.
You need to possess a degree in accounting, finance, or other similar fields of study to work as a tax analyst. You must also be a detail-oriented analytical thinker. Great computer, communication, and time management skills are also required for the role. Tax analysts earn $64,897 on an average every year.
There are certain skills that many tax analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed computer skills, interpersonal skills and analytical skills.
If you're interested in becoming a tax analyst, one of the first things to consider is how much education you need. We've determined that 69.6% of tax analysts have a bachelor's degree. In terms of higher education levels, we found that 14.3% of tax analysts have master's degrees. Even though most tax analysts have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a tax analyst can determine their career goals through the career progression. For example, they could start out with a role such as senior tax analyst, progress to a title such as tax manager and then eventually end up with the title senior tax manager.
What Am I Worth?
The role of a tax analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general tax analyst responsibilities:
There are several types of tax analyst, including:
An analyst can work in many different industries. So if you're looking for a position with endless job possibilities, then you've come to the right place. Who knows, the job might even come with a sweet salary, but you'll have to keep reading to find out.
Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.
The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?
Many businesses rely on staff accountants to handle the "math" of the business. But that's just a lazy way for saying you'll be in charge of handling the budget and tax requirements. Basically, any financial records will be prepared and examined by you.
Depending on the industry you're in, the majority of the year will be your "busy season." Some industries this may not apply and you'll only be required to work the normal 40-hour work week.
Typically, staff accountants need a bit of an education to find a job. And no, we're not talking about a high school degree. Most employers prefer you to have a bachelor's degree. Here's to learning more math!
You know how it's smart to invest your money? Well, the brains behind that operation is a finance analyst. Essentially, they're in charge of advising and supporting investment decisions of individuals and businesses.
Most finance analysts work full-time, but some work even more than that. The typical finance analyst enters the career having earned a bachelor's degree. With the extra education, employers tend to invest a lot of their dime to pay finance analysts. So having the higher education definitely pays off.
Mouse over a state to see the number of active tax analyst jobs in each state. The darker areas on the map show where tax analysts earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Los Angeles, CA • Private
Villanova, PA • Private
Waltham, MA • Private
Philadelphia, PA • Private
Minneapolis, MN • Private
Champaign, IL • Private
Evanston, IL • Private
Waco, TX • Private
New York, NY • Private
Boston, MA • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 5.8% of tax analysts listed tax audits on their resume, but soft skills such as computer skills and interpersonal skills are important as well.
Zippia allows you to choose from different easy-to-use Tax Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Tax Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a tax analyst. The best states for people in this position are Maine, Washington, New Jersey, and California. Tax analysts make the most in Maine with an average salary of $84,016. Whereas in Washington and New Jersey, they would average $80,588 and $76,779, respectively. While tax analysts would only make an average of $74,841 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|3||Ernst & Young||$100,765||$48.44||44|
|5||JPMorgan Chase & Co.||$94,495||$45.43||35|