What are my options?
Essentially went to a Uk semi target uni for finance as its a target for law (Bristol) I got a 2.1 Law and have A*AA at my A-level. Chose Bristol as for Law its a high target but now I do not want to be a lawyer and regret choosing bristol having has offers at warwick and durham. I graduated in 2022 and am currently at an associate level role (HEO) in the UK civil service where my title is assistant commercial manager in the trade department. I want to transition into procurement management consultjng or any sort of related finance role, ive also looked at compliance. My main motivation is compemsation, im currently on £38k. I had a tech consulting offer but that was withdrawn due to the economy that guaranteed me £55k-60k after two years. I feel stuck now as i do not intend on remaining in the civil service as at the senior level it takes too long to be promoted and does not pay enough. i want to hit 70-100k before Im 30.
May be worth noting I've had final rounds in the past at the following:
Deloitte (procurement), KPMG (Audit), Newton (consulting), PA consulting, Vendigital (consulting)
Perhaps consider a Masters degree? I appreciate that this costs money which might not be an option (we're also in May which isn't great for timing). I think you're exactly right to pursue Audit (as you did with KPMG). As a route to IB / PE (which is all I personally know), this is your most probably route. Do the Audit 3 year program and finish top of your peer group, and ideally transition to TS / CF or FDD - from here it's not uncommon to move to LMM / MM banks or PE funds (or their PortCos).
It's just my opinion, and I'm a random guy on the internet, but I think the harsh truth is that you have close to nil likelihood of directly entering IB / PE with your background. There may be others on these forums who have a better view of other options (such as Consulting or wealth management).
You might have a chance with the supranational investment banks like EBRD or IFC, but I'm not sure about this, and you might run into some of the same issues that you're facing with your current role.
Hi thanks for the reply, what would be a worth while masters, Ive considered history at UCL, Political economy at KCL and Economic history at LSE, which of those would be worth while, heard history at ucl and kcl generally are not good opitions?I see, Iam more interested in Consulting, IB I think is beyond my ability, and I turned down the audit offer as the pay was very poor. I work in commercial management and procurement in the civil service.
I don't mean to be harsh, but rather honest, in that turning down the Audit offer was the most short-sighted decision you could have made. It sucks to be an Auditor for 3 miserable years but then, once a qualified accountant, you pay and optionality steps up substantially. It's also worth pointing out that the raw fee cost of a Masters combined with the opportunity cost of not earning a salary for a year likely outweighs the lower salary of an Auditor vis-a-vis your current role. The point of suggesting Audit is not to pursue a career as an Auditor.
If you do an Masters, it would only be as a stepping stone to another career path; it's unlikely in itself to unlock a high tier IB (or any tier) IB or Consulting role (I think more likely to enter Consulting but I don't know that world well).
Only options is tesco
I doubt my role in the CS is that poor and neither is my background but thanks for being helpful....
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