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Topic Name: CPA for Tax Law worthless?
Message Name: The real answer...
Date Posted: 04/30/2001
In Reply To: I am currently finishing up my undergrad in accounting. Obviously choosing accounting as a major requires many hours in the books, causing most of us to obtain our Master's in Accounting or the 150 hour equivalent so we can become eligible for the CPA exam. I myself am more interested in obtaining a JD. Basically, I'm wondering if anyone thinks it would be advantageous to finish a one year master's program so I would be CPA eligible before attending law school or would this be a waste of time? I realize the LLM is huge for tax law, however, sitting for the CPA would please me b/cause I feel it would bring closure to everything I have worked hard for in undergrad. If my true interests are in tax law is it worth taking a year before law school and risking potential burn out to complete. Also, is tax law worth the time and money invested? Some have told me that my strong internships(big five and hedge fund company) would give me the potential earnings opportunity to do just as well if not better financially outside the realms of law. I am aware that my passion is with legal studies and because of this I will most likely make this pursuit. Although, I would enjoy any practical feedback any one might have and not just the go with your heart rhetoric.
Message: The real answer is that BIGLAW would rather higher a tax lawyer from a top 14 school, then a tax lawyer from a non top-14 school with a zillion other credentials. Three years of law school is enough education. If you can get into a top 14 law school, go there and don't bother with any other education. If you can't get into top 14, then you may be better off forgetting about law if you can get an entry level audit job with Big 6.

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