Hey, I recently was offerred a transfer pricing consultant job at Ernst and Young in Japan. Could anyone tell me any specifics regarding job duties, compensation (haven’t been told yet), and whether it meets CFA job experience? Thanks!
That is an offensive nickname. Assuming you aren’t Indian like rohufish I’m not sure you can get away with it.
Anyone offended by that would have to have extremely thin skin. Give us a break farley
Can I ask mate do you have any transfer pricing experience in being offered this job? I am interested to know as I am looking at getting into this area too with a big 4, and I have no experience in transfer pricing. Anyway, I am not sure if it would meet the requirements for CFA, some aspects of it would, but I guess many others wouldnt as well.
maddane Wrote: ------------------------------------------------------- > Can I ask mate do you have any transfer pricing > experience in being offered this job? I am > interested to know as I am looking at getting into > this area too with a big 4, and I have no > experience in transfer pricing. > > Anyway, I am not sure if it would meet the > requirements for CFA, some aspects of it would, > but I guess many others wouldnt as well. Nope, str8 out of underground, zero internship exp with big 4
is this the same as Funds Transfer Pricing?
Transfer pricing - is the transfer of revenues from one sub to the parent company or legal entity. It usually affects multi-national companies For example, let’s say you have a telecom company providing services for a large US multinational in different countries but the multinational is billed at the headquarters in the US. Even though, the local entities of the telecom company that are supporting the local business have incurred costs but have not received any revenue for this support. This is where TP (transfer pricing) comes in. Governments are keen to protect their treasury and they make sure the legal entities have charged the entities they support at arm’s length. There are many methodologies for different types of services, OECD rules, but TP issue is usually related to tax. in brief, that is what transfer pricing is all about.
Transfer pricing is pretty tough to get into if you don’t have an MS or Phd in Math/Statistics etc
thanks skk6! i dont understand teh concept of a bank’s treasury department charging liquidity premiums to the product area. can someone plz explain what this means, and would this fall under transfer pricing discussed here?
bump?
No, that does not fall under transfer pricing. They are not related at all. No, you don’t need a Math/Phd degree to work in Transfer pricing. A CPA with a tax background will make you stand out on the accounting firms side. The legal side, you have to have a JD.
Transfer pricing is no rocket science. A big chunk of the work, especially at the big 4 is to provide tax documentation. The work itself can be broken down to comparables search, tested party analysis, and some cases valuation of intangibles. Salary is decent, with a good work/life balance. Knowing accounting would be a big plus. CFA is not really relevant.
You can also go into industry and make some solid money with really little pressure and hours.
kevinf12 Wrote: ------------------------------------------------------- > You can also go into industry and make some solid > money with really little pressure and hours. What kind of salary and hours are we talking here?
Depends on the level. These things are very specific to what the company needs, what markets they operate in, and how much strategy they want in the person. For example, if you want someone to come in and do strategy and implement (as opposed to outsourcing strategy and just have someone at your company implement) you would pay more. I know of a small tech company with 1 full time tax person. Officially, he is tax director (but reports to CFO, so basically VP). He makes around $200K a year base. I dont know bonus structure and/or incentives though. Keep in mind it is a small, non public (but are in about 30 countries). In DFW area. Hours - he works 8 a day, roughly. Maybe it picks up when year end and tax time (because of tax obligation and differed tax workout). But again, he is pretty experienced, but that is my point, if you get into a specific area and gain a lot of knowledge then find a company that needs it, you can have a decent life. I have no idea at the bigger (this company is less than 1 Billion revenue per year) but imagine it could be pretty good since those could get complicated.