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Taxation

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Taxation Major

1,678 yearly degrees
#211 in popularity
$61,000 median salary

Taxation is a major that typically falls into the Business, Management & Marketing category.

There are 6 programs available throughout the country that offer an associate’s degree in taxation, 1 that offer a bachelor’s degree, and 76 that offer a master’s degree.

Who Is Getting a Taxation Degree?

This is a less frequently chosen major. Only 0 students graduated with a bachelor’s degree in taxation in 2017. This major tends to be male dominated. About 88.9% of recent graduates are men.

Racial Distribution

At the countrywide level, the racial distribution of taxation majors is as follows:

  • Asian: 0%
  • Black or African American: 0%
  • Hispanic or Latino: 0%
  • White: 100%
  • Non-Resident Alien: 0%
  • Other Races: 0%

Taxation Majors Ethnic Diversity Statistics

Americans aren’t the only ones with an interest in taxation. About 0% of those graduating in 2017 were international students. The most popular countries sending taxation majors to the U.S. are China, South Korea and India.

What Will You Learn as a Taxation Major?

An O*NET survey asked people with careers related to taxation to rate how important certain subject areas were to their job. The following are some of the results of that survey. Importance was rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Taxation Majors

This major prepares you for careers in which these knowledge areas are important:

Important Knowledge Areas for Taxation Majors

Skills for Taxation Majors

When studying taxation, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

Important Skills for Taxation Majors

Abilities for Taxation Majors

As a taxation major, you will find yourself needing the following abilities:

Important Abilities for taxation Majors

What Can You Do With a Taxation Major?

Below is a list of occupations associated with taxation:

Careers Related to Taxation
Job Title Job Growth Rate Median Salary
Tax Preparers 10.7% $39,390
Auditors 10% $70,500
Tax Examiners and Collectors, and Revenue Agents -0.6% $54,440
Financial Examiners 9.7% $80,180
Accountants 10% $70,500

Taxation Major Salary

Average salaries range from $47,000 to $79,000 for careers related to taxation. This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, the typical high school graduate makes between $29,000 and $57,000 a year. The average person with a bachelor’s degree (any field) makes between $44,000 and $99,000. Advanced degree holders make the most with salaries between $55,000 and $120,000.

Average Salary for a Taxation Major  ( 47000 to 79000 )
$0
$200k
Average Salary for High School Graduate  ( 29000 to 57000 )
$0
$200k
Average Salary with Bachelor's Degree  ( 44000 to 99000 )
$0
$200k
Average Salary with Advanced Degree  ( 55000 to 120000 )
$0
$200k

Your salary will be largely dependent on the career path you follow and what area of the country (or world) you work. Getting a graduate degree may open up more options with higher salary potential.

Amount of Education Required for Taxation Major Jobs

Some careers associated with taxation may require an advanced degree, while others may not even require a bachelor’s in the field. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much education do you really need to compete in today’s job market? People currently working in careers related to taxation have obtained the following education levels.

Education Levels for Careers Associated With Taxation
Level of Education Percentage of Workers
Less Than a High School Diploma 0%
High School Diploma or Equivalent 12.6%
Post-Secondary Certificate 1.9%
Some College Courses 14.9%
Associate's Degree or Equivalent 10%
Bachelor's Degree 46.7%
Post-Baccalaureate Certificate 3.3%
Master's Degree 11.1%
Post-Master's Certificate 0.1%
First Professional Degree 0%
Doctoral Degree 0%
Post-Doctoral Training 0%

Online Taxation Programs

There are 1 colleges that offer a bachelor’s degree in taxation, with 0 of them offering at least some courses online.

Online learners must listen or watch video lectures, participate in group chats or forums, submit papers and assignments electronically, take tests, and meet deadlines.

Online learners benefit from being able to watch lectures remotely and complete coursework on their schedule, but they also take longer to graduate than average and are more likely to dropout.

Is a Taxation Major Worth It?

The median salary for a taxation grad is $61,000 per year. This is based on the weighted average of the most common careers associated with the major.

This is 56% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $432,000 after 20 years!

taxation salary compared to typical high school and college graduates over a 20 year period

References

Bureau of Labor Statistics
National Center for Education Statistics
O*NET Online
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