Currently working in a supply chain finance (i.e., cost accounting) role for a large manufacturing company, about 5 months in. I do some variance analysis, material costing reviews/updates, and some month end close tasks. I really like the company I'm with, and would like to stay here for some time if possible, but this role, while a great start, is not the end goal. I've been keeping an eye on other jobs that are posted internally that are more in line with true fp&a work, but thinking it may be a bit too soon to start trying to move. Wanted to get some opinions on when the best time would be to start applying internally, and the best way to go about doing it. My group is running pretty lean as is, and would like to have my manager's buy in is possible.
Trending Content - Corporate Finance, Development and Strategy Forum
Career Resources
Too early for internal transfer? Worried I may miss the 'analyst' bucket (Originally Posted: 02/12/2018)
first post, long time lurker. thanks for having me. i'll bullet point my topic so i don't waffle on
work for a bulge bracket IB in London, doing reg reporting.
just for context purposes and hopefully without bragging, i went to a good uni. ranks top 10 in the world regularly and did a year management after. graduated with good grades.
would have applied for internships but didn't because was stupidly lazy when at uni
work on the booking/processing of specific derivative trades and positions, measuring exposures and positions for a specific set of trading desks in our broker dealer line of business.
good exp, interesting. but not most exciting or rewarding
passed L1 CFA in dec, will do L2 in June. want to move into AM/IB (alt investment focus).
worried it's too early to move -> have "commitment issues", viewed as some kind of mercenary
also worried i would take too long to move -> miss the "bracket" of analysts and then be underqualified/inexperienced for associate positions, but too old for analyst position
any thoughts?
Thanks!
You're coming from a top university and already working in finance which is a big plus. What do you mean by commitment issues? If you consider AM/IB seriously, you should apply ASAP, since it'll get more difficult to change after 5y in another service. Even if you'd have to wait a bit longer to be promoted, you should go for it. I'm not HR but I think that in most of the cases it's ok to still hesitate on what you want to do when you're in your early 20s, while after a few years into doing something you don't like + with a different set of skills required than for IB/AM, you'll have difficulty justifying that in an interview.
2nd year transfer packages? (Originally Posted: 10/20/2007)
I'm halfway through my first IB year, solid review, doing fine but not making much $$. I work at a top 30 prestige vault-ranked i-bank (still very big) in one of the smaller state offices. Lots of responsibility, lots of skils, fixed income side, not much $$ (analyst pay is low due to company culture/banker pay focus). Thinking about shifting to one of the main cities, potentially to another I-bank.
What packages(signing/salary) are available to me at either a MM or bulge bracket bank for 2nd year, provided I can show I'm a solid analyst?
What's the best way to test the water, without word getting back to my bank? Headhunter, possibly? What's the best time of year to talk to other banks about a lateral? I'm thinking about starting the next position in summer '08.
Current I-bank analyst responses only, please. I appreciate it.
From your description I'll venture either a Wachovia or Jefferies? Not to sound discouraging, I wouldn't get my hopes up about finding a job at a BB. The big fellas are shedding jobs and (assuming my bank is representative of most) the interest in laterals is nonexistent. Nonetheless, would recommend you start reaching out to headhunters, you never know...
Good luck to you,
Illo quo ipsum nulla temporibus. Nihil quaerat rem voluptate eligendi facilis saepe. Architecto omnis voluptatem officia sit.
Dolorum eos quam enim placeat aut impedit soluta. Voluptates maxime repellendus quos voluptatem eaque earum modi. Quibusdam est ab illo. Perferendis possimus laudantium doloribus ut id quis amet nihil. Aut sint ipsam et quis eaque.
Necessitatibus dolore optio quia aut. Eum voluptate suscipit sunt commodi omnis. Nemo aut provident explicabo vitae sed.
Nemo qui voluptatem consequatur dolorem tempora. Dolores qui exercitationem placeat tempora a odio vel. Facere laboriosam voluptatem voluptatibus aliquid consequatur omnis. Similique sed dicta nihil doloremque. Qui vero est quo dolores blanditiis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...