Tax managers will have steady job growth in the near future. The U.S. Department of Labor predicts that employment for financial managers (including tax managers) will grow by 17 percent from 2023 through 2033. This is much faster than the average for all careers. Tax managers will continue to be needed to ensure companies' business operations and tax reports meet tax laws and regulations. They will also be in demand in the coming years to keep up with the ongoing changes to tax planning and reporting requirements and increased globalization of business. Mergers and acquisitions of companies will also require the services of tax managers, for reviewing and evaluating tax records and financial reports, advising clients on strategies for reducing tax obligations, and ensuring tax filings are accurate and compliant. Tax management is a highly competitive profession. Tax managers with a master's degree in taxes or tax management or related major, who have the certified public accountant designation, and who have practical work experience will have an advantage in the job market.
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