Senior Tax Manager Salary

Senior Tax Managers in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $125K) surpassing six figures annually. Total cash compensation for Senior Tax Managers runs from $88K to $186K depending on bonuses that can occasionally exceed $25K and profit sharing that can reach almost $10K. The most influential factor affecting pay for this group is location, though career length and the specific company have a (lesser) impact as well. Women are just slightly outnumbered, with male Senior Tax Managers making up 54 percent of survey respondents. The majority of Senior Tax Managers claim high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$86,119 - $171,613
(Median)
$86K
$120K
$170K
MEDIAN: $124,503
10%
50%
90%

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$17.02 - $60.50
(Median)
$17
$42
$60
MEDIAN: $42.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$86,119 - $171,613  
   
Bonus
$2,515 - $24,824  
Profit Sharing
$1,188 - $10,110  
Commission
$1,526 - $6,878  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$88,436 - $186,253  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 868
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$17.02 - $60.50  
   
Overtime
$23.58 - $42.06  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$2,515 - $24,824  
   
Commission
$1,526 - $6,878  
Profit Sharing
$1,188 - $10,110  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$88,436 - $186,253  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 24
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Job Description for Senior Tax Manager

The primary role that senior tax managers fill is ensuring corporate compliance with all applicable local, state, and federal tax obligations. In addition, senior tax managers develop internal policies relating to taxation and implement these policies into existing accounting practices. Oversight of internal audits is another important aspect of senior tax managers’ duties.

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Senior Tax Manager Tasks

  • Manage and document compliance.
  • Oversee tax planning and research, and create plans and goals to advise clients.
  • Research and document tax strategies and new laws.
  • Mentor and review tax associates to develop people and revenue.
  • Lead primary review of complicated or unusual tax documents.

Common Career Paths for Senior Tax Manager


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Many Senior Tax Managers advance their careers by becoming Tax Directors, who report a slightly higher median income of $157K. Given that the median pay is $59K, it may be surprising to find that a Certified Public Accountant is the most common role for Senior Tax Managers to subsequently assume on their way up the ladder. Transitioning into a Tax Accounting Firm Partner role — which pays $156K — is also typical for Senior Tax Managers, though less common by comparison.

Senior Tax Manager Job Listings

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Popular Employer Salaries for Senior Tax Manager


For Senior Tax Managers, comfortable salaries can be found at Deloitte Tax LLP; in fact, average earnings are around $144K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($115K versus $203K) is great.

Popular Skills for Senior Tax Manager


Senior Tax Managers report using a diverse set of skills on the job. Most notably, skills in Tax Consulting, Legal Research, Tax Compliance, and Accounting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Tax Preparation. Those proficient in Tax Compliance are, more often than not, also skilled in Tax Preparation and Accounting.

Pay by Experience Level for Senior Tax Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Although employees with less than five years' experience earn around $90K on average, the five-to-10 year group has a much higher, six-figure median of $127K. On average, Senior Tax Managers make $136K following one to two decades on the job. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $129K.

Pay Difference by Location


Surpassing the national average by 30 percent, Senior Tax Managers in San Jose receive some of the highest pay in the country. Senior Tax Managers will also find cushy salaries in New York (+26 percent), San Francisco (+20 percent), Los Angeles (+16 percent), and Washington (+9 percent). The smallest paychecks in the market, 6 percent south of the national average, can be found in Atlanta. Not at the bottom but still paying below the median are employers in Denver and Chicago (5 percent lower and 2 percent lower, respectively).

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Experience Affects Senior Tax Manager Salaries


National Average
$132,000



Entry-Level
up arrow 32%

Skills That Affect Senior Tax Manager Salaries

Tax Consulting
up arrow 1%

National Average
$132,000

Legal Research
up arrow 1%

Tax Compliance
up arrow 2%

Accounting
up arrow 2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 188 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
0%
1-4 years
2%
5-9 years
20%
10-19 years
54%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 77%
vision benefits Vision: 66% employee benefits None: 8%
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