Careers in Tax Law
Even in today's incredibly competitive legal employment market, myriad employment opportunities exist for qualified tax attorneys. Attorneys possessing advanced knowledge and training in tax law are in demand at large corporations, start-up ventures, nonprofits and government agencies; these professionals are regularly called upon to provide counsel to individual clients on a range of tax related issues.
Boston University School of Law's LLM in Taxation degree is valued and respected by employers because of the Graduate Tax Program's strong reputation for equipping students with the practical skills required for immediate success in the field of taxation. As the second oldest Graduate Tax Program in the nation, our graduates have been sought after by employers since 1959. In fact, data released by JobsInTax.com ranks Boston University School of Law's LLM in Taxation #5 in the nation, according to tax hiring authorities. For three consecutive years, BU Law's Graduate Tax Program has been ranked one of the top five programs in the country by the TaxTalent network.
Our LLM graduates find work in a wide range of practice settings—private law firms of all sizes; U.S. and foreign government agencies; accounting firms, including the “Big Four”; intergovernmental and non-governmental organizations; foreign, domestic and multinational corporations; academia; the U.S. judiciary; and various legislative bodies. In the U.S. and abroad, they assume such positions as:
- International Tax Managers
- Tax Associates
- Tax Consultants
- In-House Counsel
- Financial Analysts
- Staff Attorneys (the Judiciary)
Among BU Law's distinguished alumni are more than 50 state supreme court judges, more than 15 federal court justices, and four founders of other law schools. Congresswoman Barbara Jordan, Senator Edward Brooke, Ambassador to China Gary Locke, and Secretary of Defense William Cohen are a few of BU Law's notable alumni. Our Graduate Tax Program also produced Pete J. Panuthos, Special Chief Trial Judge at the U.S. Tax Court.
As further evidenced by our overall employment rates, employment opportunities for qualified attorneys with an LLM degree in Taxation from BU Law are vast. Opportunities abound for BU Law graduates, as evidenced by the employment statistics for BU Law's class of 2014:
Salary and Career Outlook for Tax Lawyers
Average salaries for attorneys can vary greatly. For an attorney specializing in tax law, with the added LLM credential, salaries can start at $100,000 per year. The Bureau of Labor Statistics predicts that job growth for attorneys will remain steady at about 10% through 2022.
The Graduate Tax Program provides current students and graduates access to a variety of exceptional career support services, including individual career counseling, mock interview sessions, professional development guides and more. During the final year of their LLM studies, students (both online and residential) are invited to participate in the Tax Attorney Recruiting Event. This is an elite tax LLM recruiting program held in Washington, D.C., each spring. This interview program is limited to students in the graduate tax programs at BU Law, Northwestern Pritzker School of Law and University of Florida Levin College of Law. TARE primarily features opportunities for tax attorneys to interview with large accounting firms for positions across the U.S. and abroad. The website for this event is www.the-tare.com. Current and past BU Law students also gain access to the school's vast alumni network. To speak with an admissions representative about the online LLM in Taxation program option, call 877-308-9945, or request more information.