Pursuing a graduate degree is the first step toward advancing your career in the field of taxation. When exploring your academic options, the Master of Tax Law (MT) degree stands out for the transformative impact it can make in your career, as it opens the door to diverse professional opportunities in tax law but does not require you to have a law degree. This advanced degree for non-lawyers will supply you with foundational knowledge of tax law along with expertise in tax planning, tax planning and consulting. Before choosing the MT degree, however, it’s important to understand that not all MT programs will give you the expertise and experience you need to gain a competitive edge in your career.
While the MT is traditionally offered through business schools, the focus of MT programs differs among law and business institutions. Both types of colleges deliver the skills necessary for professional advancement, but MT programs offered by law schools offer a unique type of educational experience designed to help you stand out among other professionals in your field.
Your academic and professional options are numerous when it comes to advancing your tax career, which is why it’s vital to understand them all before choosing the route that’s best for your future. Discover how an MT can enhance your professional capabilities, and learn why selecting a law school for your graduate tax degree is the right choice for the career you want.
Rewarding Career Opportunities for MT Graduates
When choosing the degree program and institution that’s right for you, it’s important to consider the career you want to pursue after graduation. By earning your MT at a law school, you’ll prepare for a variety of in-demand positions with competitive compensation.
Financial advisors provide individuals with advice on their personal financial situations. They offer expert information regarding investment opportunities and savings and develop plans for long-term financial health. According to the Bureau of Labor Statistics, the industry is currently experiencing a 7% annual growth rate. In 2019, the median annual salary for the role was $87,850, with similar titles in the field of tax law earning wages in the same range.
Additional Career Outcomes for MT Graduates:
- Chief financial officer
- Corporate controller
- IRS accountant
- IRS agent
- Partner, accounting firm, Tax
- Sales tax auditor
- Senior tax accountant
- Senior tax manager
- Tax auditor
- Tax consultant
- Tax director
Why Choose a Law School for Your MT Degree?
Because MT degrees prepare individuals for the business and finance sectors of tax law, this type of graduate program has been traditionally offered through business schools. By choosing a law school for your MT, you’ll build the business and finance skills required for the career you want while also becoming proficient in tax research, planning and dispute resolution at the highest levels.
Individuals who complete an MT degree at a law school gain a lawyer’s perspective by studying primary sources of tax law and receiving instruction from experts with real-world experience who utilize intensive, problem-based law teaching techniques. Not only will you gain professional insight from legal experts, but you will also be able to engage deeply in learning tax law and gain the expertise it takes to provide your clients with the best possible results.
Earn Your MT with Loyola Law School
Unique to other law schools that offer MT programs, Loyola Law School is committed to providing its MT students with the same rigorous tax law training delivered through its Master of Laws in Taxation (Tax LLM) program. The MT and Tax LLM programs at Loyola Law share a curriculum, so students enrolled in both programs learn together while gaining valuable perspectives from their diverse academic and professional backgrounds.
Because Loyola Law school does not require its MT students to have a legal background, its top-quality curriculum is designed to build on your business or finance knowledge and provide necessary foundational law expertise. In addition, you’ll gain practical skills in corporate, partnership and income taxation as you collaborate with your fellow graduate tax students.
To ensure you gain the full range of tax skills sought by employers in the field, Loyola Law School’s MT courses are taught by seasoned experts with professional tax experience. With their personal attention and guidance, you’ll establish strong problem-solving skills and prepare to use your extensive knowledge of tax policy and the Internal Revenue Code to advise a diverse range of taxpayers.
The LLS MT program also offers two optional areas of emphasis in Business Tax Planning and High Net Worth/Private Client, to ensure that you graduate practice-ready. With the Business Tax Planning focus, you’ll gain expertise in business structures and learn to advise companies on efficient tax decision-making. The High Net Worth/Private Client option delivers expertise in tax strategies and prepares you to advise individual clients on maximizing and preserving their wealth and savings, taxes and options for improving their financial health.
Take the next step toward career advancement with Loyola Law School. Learn more about the MT program and enroll today by contacting an enrollment counselor.