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Education

From STEM to tax: why engineers and scientists are thriving in advisory roles

Published: 5 May 2025

   

Julie Abdalla speaks at the Senate Hearing

Transitioning from STEM (Science, Technology, Engineering, and Mathematics) fields into tax roles is an emerging trend in Australia, with newly graduated engineers and scientists bringing valuable skills to the financial sector. While a career in taxation may not be the first option considered when selecting a university degree, it offers a diverse range of roles, stability and career growth as well as the opportunity to make a meaningful impact.

 

Transferable Skills from STEM to Tax Advisory

Engineers and scientists possess a unique set of abilities that align perfectly with the demands of working in tax. These skills allow them to navigate complex regulations, offer innovative solutions, and deliver practical advice to clients.

 

Analytical thinking

In gaining an education in STEM, students are trained to work systematically and break down complex data, identify patterns, and draw logical conclusions. This skill is critical for working in tax, for interpreting intricate tax laws and financial statements. Analysing detailed R&D expenditure or assessing the economic impact of corporate tax structures for example requires the same level of precision and critical thinking as solving engineering problems.

 
Problem-solving expertise

Working in tax is not about applying one-size-fits-all solutions; each client’s or business’s needs are unique. Engineers and scientists excel at devising tailored strategies, whether optimising tax efficiency or identifying the best approach to claiming R&D tax credits.

 

Attention to detail

Precision is at the heart of both professions. Overlooking a single figure in an engineering project can lead to significant consequences, much like a miscalculation in a tax return can result in audits or penalties.

 
Technical proficiency

Familiarity with advanced software, security and modelling tools is an asset in managing complex tax computations and analysing large datasets. With tax becoming increasingly digitised, STEM professionals are well-positioned to leverage technology in their advisory roles.

 

Benefits of a career in tax

A career in Australian tax offers a wealth of opportunities, making it an attractive option for professionals seeking variety, stability, and meaningful work.

 
Diverse career paths

Tax professionals in Australia can specialise in numerous areas, including:

  • Corporate tax: Advising multinational companies on compliance, transfer pricing, and international tax strategies.
  • Small business tax: Supporting SMEs with tax planning and navigating deductions and credits.
  • Wealth management: Assisting individuals with estate planning and investment structuring to optimise tax outcomes.
  • Superannuation: Advising individuals on managing self-managed super funds (SMSFs) and helping organisations meet employer contribution obligations while optimising tax outcomes.
 
Job stability and demand

Tax is a constant in every economy, and Australia’s highly regulated system ensures a steady demand for skilled professionals. Tax advisory is largely recession-proof, offering career security even during economic downturns. With growing complexities in tax legislation and a shortage of qualified specialists, professionals entering this field can expect long-term career prospects.

 
Making a tangible impact

Tax professionals play a crucial role in guiding individuals and businesses through complex financial landscapes, ensuring compliance with intricate tax laws, and optimising financial outcomes. This support can not only alleviate clients' stress but also empowers them to make informed financial decisions, fostering trust and long-term relationships. The ability to positively impact clients' financial well-being and contribute to their success is a significant source of fulfillment for many in the tax profession.

 
Career satisfaction

Unlike many other professions, tax advisory allows professionals to combine technical expertise with client interaction. The intellectual stimulation of solving intricate problems, coupled with the satisfaction of helping others, makes this a fulfilling career choice.

 

The role of education in transitioning to tax

For professionals considering a career in tax, acquiring the right qualifications is essential to succeed in Australia’s highly regulated environment. Specialised tax knowledge will help you to gain accreditation, bridge the knowledge gap and set you up for a successful career in tax. The Tax Institute Higher Education offers tailored programs for those looking to enter or advance in the tax profession:

 
Tax Agent Program

Designed to meet the educational requirements set by the Tax Practitioners Board (TPB), this program equips candidates to become registered tax agents. It comprises six core subjects:

The Tax Agent Program can be completed in one year (full-time) or two years (part-time), depending on your schedule. Upon completion, you will have met the education requirements to apply for tax agent registration with the TPB. It is important to note that the other requirements are that you meet the TPB's 'fit and proper' requirements and have appropriate professional indemnity insurance cover to protect consumers. We suggest you view the TPB website: Registering as an individual tax agent.

 
Chartered Tax Adviser (CTA) Designation

The globally recognised CTA designation signifies excellence in tax advisory. Completing the CTA Program demonstrates advanced technical knowledge, ethical standards, and strategic thinking. This designation enhances credibility and opens doors to leadership roles in taxation. The program comprises four core subjects:

The CTA program is delivered online over four study periods.

Gain the Graduate Certificate in Applied Tax Advisory in addition to the CTA designation. When you enrol in the Chartered Tax Adviser Program, provided you meet the entry requirements, you can also enrol in the Graduate Certificate in Applied Tax Advisory. Achieve two program outcomes for completion of the same subjects!

 

Why consider a career in tax

Many students pursuing STEM degrees may not immediately think of tax as a career option, but it’s worth considering. The tax profession offers:

  • High demand for technical skills, especially in areas like data analysis and compliance.
  • Opportunities for growth, from entry-level positions to strategic advisory roles.
  • A meaningful career, where professionals make a difference to businesses, individuals, and the broader economy.

Taxation combines problem-solving, relationship-building, and technical expertise, making it a dynamic and rewarding career choice.

Transitioning from STEM to tax is more than a career change; it’s an opportunity to apply your skills in a way that delivers real impact. Whether you’re an engineer, scientist, or mathematician, the tax profession offers stability, diversity, and fulfilment. With the right qualifications, you can thrive in a field that values your expertise and helps shape the financial landscape of Australia.

View our certified programs and subjects here or explore our micro-credentials here.