CALI 2007
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This document discusses the details of an online LL.M. program in international taxation. It provides information on the program's founders, market size for legal and financial services, competitive landscape for tax LL.M. programs, potential subject matter experts and textbook publishers. It also outlines considerations for course methodology, career outcomes for graduates, alumni testimonials, library resources and career support services.
![Example Alumni
Thomas A. Gionis, CA, MD JD MBA MHA FICS FRCS,
US Fulbright Scholar in Law
US Fulbright Senior Specialist Program
Medical Doctor
"Under the wise leadership of Professor William Byrnes, the Walter H. & Dorothy B.
Diamond Graduate International Tax Program has become one of the most
respected international tax educational programs in the world. I am proud to be
affiliated with it, and it is the most academically challenging program I have ever
participated in."
Enzo Cannizzo, NY
U.S. Dept. of Homeland Security
Special Agent
“During my employment with the United States
Department of Justice, Treasury and
presently the United States Department of Homeland
Security the hard work for the LL.M in International Tax
provided me with exceptional knowledge foundation.
The knowledge foundation assisted in complex
investigations that addressed international money
laundering, banking fraud and national security
matters.”
Brodrick Penn, BVI
BVI Financial Commission
Deputy Director
“.. [W]alter H. & Dorothy B. Diamond
Graduate International Tax Program
offers a unique opportunity to study
dynamic areas of law …. The program's
unique delivery transcends global
boundaries and imparts knowledge on an
unequalled diversity of students and
lecturers alike."
Issue 9: Going after your Testimonials by level / by
type of job](https://image.slidesharecdn.com/byrnescali6-18-07-130715012801-phpapp02/85/CALI-2007-22-320.jpg)
CALI 2007
- 1. www.llmprogram.org – [email protected] International Tax & Financial Services Graduate Program CALI Conference - June 18-20, 2007
- 2. Walter H. & Dorothy B. Diamond • Significant donor to Syracuse and Thomas Jefferson. • 81 tax and trade books • 100 + investment booklets • 500 + international economic speeches • Regular columns and monthly newsletter (FT, Offshore Investment, institutional letter) Walter H. and Dorothy B. Diamond Institute of International Taxation & Trade Issue 1: your board of advisors / subject matter experts (“sme”)
- 3. e.g. Marshall J. Langer • Several tax and trade books including - Rhoades & Langer US International Taxation & Tax Treaties (Lexis) Practical International Tax Planning (PLI) • Regular monthly columns (Offshore Investment, institutional letters) Issue 1: your board of advisors / subject matter experts (“sme”)
- 4. Legal, Tax and Regulatory (LTR) market size E-learning is fastest-growing sub-sector of $2.3 trillion global education market online higher education to exceed $69 billion by 2015 $18.3 billion in LTR publishing revenues by 2009 6.5% CAGR for the LTR publishing market ‘06 – ‘09 Issue 2: size of market (& career services)
- 5. Int’l Financial Services Market Over $33 trillion held by nearly 9 million HNWIs Over $11 trillion of HNWIs’ assets offshore ≅ 20 million staff all financial services ≅ 50,000 professionals in offshore (international) financial services industry handle 60% of world $ Since 1996, sector income expanded on average 10% (15% on average in expansion years) Issue 2: size of market (& career services)
- 6. US Financial Services market requiring AML training Financial Industry Market Segments: 60,000+ firms • Commercial banks (7,658) • Saving Institutions (1,358) • Credit Unions (9,500) = (Banking Employees > 2 million) • Insurance ($1 trillion in premiums/yr) Brokers (> 200,000) Life Insurance (5,000) Mortgage (1,600) Accident& Health (4,000) Homeowner’s (5,000) Liability (2,000) Title insurance (3,000) • Securities Firms (22,000) and broker/dealers Issue 2: size of market (& career services)
- 7. USA market segments requiring some AML & Compliance training > 3 million USA Attorneys = 1 million USA Accountants > 500,000 USA Compliance Officers = 165,000 USA law students = 100,000 USA Business Consultants = 500,000 USA Paralegals = 200,000 USA Corporate Counsel = 150,000 Foreign Attorneys = 1 million Real Estate professionals Issue 2: size of market (& career services)
- 8. Tax LLMs - competitive Alabama, Baltimore, Boston University, Capital, Case Western, Chapman, Chicago-Kent, Denver, DePaul University, Florida, Georgetown, Golden Gate, Houston, John Marshall, Loyola-LA, Miami, Missouri-Kansas City, NYU, Northwestern, McGeorge, San Diego, SMU, Temple, Thomas M. Cooley, Villanova University, Washington, U of Washington, Wayne State Villanova, Denver, NYU, George Town > 200 students each, many 100+ Issue 3: How crowded is market?
- 9. e.g. engage with focused Professional Bodies 15,000 members 100,000 members 22,000 members 11,000 members 1,500 institutions 1,500 members 150 law firms 150 banks 105,000 members 8,000 members 10,000+ members 150 banks 150 banks 5,000 certificates Issue 4: who defines market (& career services)?
- 10. • 830,000 investment professionals • Over 20 million financial industry Issue 4: who defines market (& career services)?
- 11. 22,000 members & certified members in 100 + countries 37,000 financial services student & professional database regional and national offices worldwide financial professional organization with members in 140 countries hosting and organizing certification training. 7 NASD Listed Compliance Friendly Board Certifications recognized on the US Department of Labor BLS Brochures global trademark agreements with the CFP™ Board of Standards and the CFA™ Institute AACSB recognition agreement and membership Issue 4: who defines market (& career services)?
- 12. Recruiters (outside – inside) Michael Page BLT Brewer Morris ECHM Hays Ingenium Pure Integral KPMG PwC E&Y Deloitte Kroll Marsh McLennan RSM AP Executive TaxProfinders Rice Cohen Gemini Riley Issue 5: who defines career services?
- 13. Career Market specific to curriculum Transfer Pricing Transfer Pricing/Supply Chain Partner, London up to £500,000 Transfer Pricing Manager, London or Amsterdam Up to £80,000 Transfer Pricing Manager, Zurich 120,000 CHF – 150,000 CHF National Head of Transfer Pricing, France & Germany €200,000 - €300,000 International Transfer Pricing Director, London £120,000 - £160,000 Senior Transfer Pricing Advisor, London £70,000 - £90,000 Transfer Pricing Advisor, London £55,000 - £65,000 International Tax Manager/Senior Manager, Eastern Europe From £65,000 - £80,000 + Bonus + Benefits International Tax Manager – Transfer Pricing, FTSE 100, London £65,000 + package Transfer Pricing Manager, US Investment Bank, London c£80,000 + £30,000 Bonus M&A Tax Senior Manager/Director, Moscow, Russia Starting from $ US 180,000 International Tax Senior Manager, Moscow From 150.000 USD + Bonus + Benefits Transfer Pricing Director, Sydney $150,000 - $200,000 + benefits Transfer Pricing Director/ Partner, Paris Competitive Salary + Benefits Transfer Pricing Analyst, New York $120,000 plus stock options and pension Senior Manager - Russian Tax Desk, London £75,000 - £110,000 + benefits Issue 6: required skill sets? – income range
- 14. Career Market specific to curriculum AML & Compliance Compliance Specialist ($75000 - $125000) AML Officer ($80000 - $100000) Attorney with Broker/Dealer and Compliance Background ($125000 - $150000) Policy & Procedures Compliance Officer ($100000 - $140000) Compliance Analyst ($60000 - $75000) Compliance and Risk Monitoring ($120000 - $150000) Compliance Manager ($120000 - $150000) Director of Risk Management ($90000 - $110000) Issue 6: required skill sets? – income range
- 15. Course Methodology Identify further SMEs who will be instructors Robustly discuss above information Establish course concentrations and syllabi Establish outcomes (specimen assignments / tests) Take-home examinations? - graded feedback? Law school library e-databases for robust research? Publicly available (e)textbooks or author your own? Study Guides? Lectures notes? Teacher Aids? Issue 7: pedagogical tools
- 16. Course Methodology 2 e-tutorship asynchronous e-lectures asynchronous real-time classroom: chat or webcam? Q&A discussions in class? pre and/or during Assignment/s -graded feedback: Individual and/or Group? Faculty (telephonic, chat) office hours? Take-home examinations? - graded feedback? Issue 7: pedagogical tools
- 17. Text Book Publishers Issue 8: Choosing content?
- 18. Sample Text Books Klaus Vogel on Double Taxation Conventions, Third Edition by Klaus Vogel List Price: $521.40 Kluwer Michael Edwardes-Ker, The International Tax Treaties Service & Tax Treaty Interpretation (Dublin: In-Depth Publishing, 1995) (loose-leaf services) International Trust Laws & Analysis Walter H. & Dorothy B. Diamond List Price: $1,056.00 - Kluwer Tax Havens of the World Walter H. & Dorothy B. Diamond $558.00 Matthew Bender Basic International Taxation by Roy Rohatgi List Price: $287.10 PRICE $ 215 Issue 8.1: content for hyper-specialized subjects?
- 19. Central Law Training exclusive education partnerships - 15,000 members 1,500 banks Grew 2,000 Canadian members 2003 – 05 Opened New York office end of 2006 Forecast to grow to 5,000 members by 2008 • over 100,000 delegates attend CLT training programs annually Issue 8.2: Does content meet Certification / CLE requirements of associations?
- 20. Example Alumni Oliver Massmann, Vietnam Baker & McKenzie International, Partner “Professor Byrnes has created a highly academic yet practical LL.M. program that I can recommend to my colleagues. This adds real value to my firm’s tax practice.” Gerald Lambert, Poland Deloitte & Touche Central Europe Tax, Legal and Business Services Regional Managing Partner “My initial apprehension about studying over the internet soon dissipated and I found the whole experience fascinating and rewarding. … The program coverage both in breadth and depth was very good and there was ample opportunity to exchange views, present ideas and ask questions. We even did group assignments, which proved to be a great learning experience. A very commendable aspect of the program is the manner in which Professor Byrnes has kept in touch with the alumni.” Juliana Goldenberg, NJ Elementis America Inc. Corporate Counsel "The program was a lot more interesting and challenging than I ever thought it would be. As a corporate lawyer, I never realized how interesting tax could be. The highlights included all of the international tax structuring courses. The format of the course also works surprisingly well. You really can build up a rapport with people you have never seen just through interacting over the internet." Issue 9: Going after your Testimonials by level / by type of job
- 21. Example Alumni Bernadeth Prentice KPMG Supervisor "This program is the best on-line delivered program and the most rewarding experience ever." Phong Lai Citigroup, Inc. Asst. Vice President "The LL.M. program at St. Thomas attracts the best legal practitioners from all over the world and the friendships and contacts made during the program are a valuable asset for any lawyer pursuing an international legal career. I also very much enjoyed the interaction with the faculty. They are, to a person, brilliant but approachable." Charles Oswald Lehman Brothers Holdings, Inc. Senior Vice President "As an experienced officer at global aerospace, biotechnology, chemical and defense companies who completed this program while concurrently effecting the sale of a billion dollar company operating in over seventy countries, my personal investment in the taxation program has already provided outstanding returns." Nasrat Hakim Alpharma Pharmaceutical Inc V.P. Global Compliance "The LLM program .. offers superior education in a forum that is most accommodating for the student, facilitated by excellent professors that are working professionals in their field. Enrolling … was one of the best investments I’ve made for myself.” Issue 9: Going after your Testimonials by level / by type of job
- 22. Example Alumni Thomas A. Gionis, CA, MD JD MBA MHA FICS FRCS, US Fulbright Scholar in Law US Fulbright Senior Specialist Program Medical Doctor "Under the wise leadership of Professor William Byrnes, the Walter H. & Dorothy B. Diamond Graduate International Tax Program has become one of the most respected international tax educational programs in the world. I am proud to be affiliated with it, and it is the most academically challenging program I have ever participated in." Enzo Cannizzo, NY U.S. Dept. of Homeland Security Special Agent “During my employment with the United States Department of Justice, Treasury and presently the United States Department of Homeland Security the hard work for the LL.M in International Tax provided me with exceptional knowledge foundation. The knowledge foundation assisted in complex investigations that addressed international money laundering, banking fraud and national security matters.” Brodrick Penn, BVI BVI Financial Commission Deputy Director “.. [W]alter H. & Dorothy B. Diamond Graduate International Tax Program offers a unique opportunity to study dynamic areas of law …. The program's unique delivery transcends global boundaries and imparts knowledge on an unequalled diversity of students and lecturers alike." Issue 9: Going after your Testimonials by level / by type of job
- 23. sample library / database training Databases: Proprietary and Aggregators Lexis-Nexis Westlaw Checkpoint Commercial Laws of the World World Tax Executive Sweet & Maxwell CCH BNA BNA International Butterworths IBFD Tax Analysts Quick Law Lois Law Matthew Bender Oceana Foreign Law Publishers IBLS CompliNet E-book libraries E-library Questia E-net Google Book Library Google Scholar Search Issue 10: bells and whistles
- 24. Career & Alumni Services I. Student Guidance / firm & recruiter presentations by webinar II. Concentrations: Evaluate annually market shifts III. Certification Waivers IV. Professional Association Networking V. Alumni Engagement in virtual community VI. Entry Level Internships in alumni jobs database VII: High Paying Jobs in alumni jobs database Issue 10: after market service