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Taxation in Big Four or Mid-Size Hedge Fund?

Launched April 26, 2006
Expert replies
by steambreadbaby » Wed Jan 04, 2012 4:53 pm
Hi There,

I plan to apply for a Top-10 MBA program in Finance this year.

Here is my profile.

* I'm a new promoted senior associate in Asset Management Tax Group of a big four accounting firm. I have been with the firm for 3 years.
* Currently there are opportunities for me to jump into a mid-size hedge fund tax department.

If I jump to the hedge fund
Pros:
1. I will be able to know more operational side of hedge funds.
2. More time will be guaranteed for MBA prepration.
3. Gain both public and private accounting experience.

Cons:
1. The reputation of the hedge fund might not be as big as my current firm.
2. Job is not that consistent.
3. I am a senior for only half year.

My question is:
Generally speaking, will 3 years in public accounting and 1 year in private help me more than a four year consistent public accounting experience when I apply for MBA in Finance?

I really appreciate your help!

Regards,
Josh
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Source: — Ask Stacy Blackman |

by Lisa Anderson » Mon Jan 09, 2012 10:04 am
Dear Josh,

Unfortunately, your decision is not quite as simple as your question as many variables come into play. First, you need to evaluate the hedge fund opportunity through the lens of your future goals. Will it help you achieve those goals by giving you skills/knowledge/exposure you won't get from your current role? Second, is the hedge fund opportunity something you are excited about and will provide professional and personal growth? From an MBA admissions perspective, there is not an issue with 3 years in public accounting followed by 1 year in the hedge fund as long as the path makes sense relative to your future goals. Think about what you truly want and what makes sense for your career...then you should know what you want to do.

Good luck,
Lisa
Lisa Anderson
Consultant
Stacy Blackman Consulting

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