What is the typical career path for a financial analyst in the corporate world? I know it depends on the company but just take a generic F500 company.
Financial analyst
Senior analyst ----- then what?
Also what is the typical pay like for these different stages?
FA- ~50K SFA- 70-80K Then Manager...usually 90~110K Then Sr. Mgr, Director, Sr. Director, VP, SVP, CFO
The survey should give you a general sense of how this works, but it's obviously more nuanced than that.
From what I've observed, Associate positions after SFA are typically in the range of 80-100K. After that, management roles (AVP, VP) usually start around 120K. Anything higher than that (MD, ED, C-level) tends to vary from firm to firm.
Financial Analyst Pay by Location According to the BLS Survey: http://www.bls.gov/oes/current/oes132051.htm
Financial Manager Pay by Location According to the BLS Survey: http://www.bls.gov/oes/current/oes113031.htm
Also check the WSO Company Database.
Slightly unrelated, but at when position would it be best for someone in Big 4 audit to come over? I.e. Associate to Financial Analyst, Senior Associate to SFA, or Manager to Manager?
I would say manager is the best time to leave PA. However, some people want an early exit to get into more financially analytical roles and leaving as a (1st/2nd year) senior associate can work as well. The most important part of choosing to leave for a financial analyst role is looking at what you'll actually be doing. Leaving public to take a "FA" role could be a big setback in some cases.
To the OP, I think it again depends on the type of financial analyst role you would be in. That's not the asnwer you're looking for but I would agree with DoctorAndre with the progression although I would extend the high end of the range by at 15% or so, especially for manager.
Just scored a Junior Financial Analyst position. What next? (Originally Posted: 12/10/2013)
Hey IB geniuses! I've been a long time lurker in the forums but I would like to gather your expertise on my current career track.
I'm set to gain my undergraduate degree from a non-target with a 3.4 GPA, haven't taken the GMAT yet. I was able to get lucky enough to secure a Junior Financial Analyst position for a healthy sized company of about 200. I will be working full time after I finish school next semester. I really want to go to graduate school but the school I would go to is non-target; University of Utah. If I could get my CFA, get a high GPA, and the 2 years of job experience I'll gain with this firm, will it be worth it?
I want to get into IB and make the 70,000k salary at the minimum when I graduate. Is this a realistic outlook?
You already have your heart set on getting your MBA from the land of the Golden Plates? Just work hard, kill the GMAT, get good recommendations, etc and aim for a little bit better if you want IBD recruiting
And assuming you're going the post-MBA IBD route, you'd be going in as an associate, not analyst. I wouldn't choose that career solely for the money, but nonetheless, odds are you'll earn more than the 70K (not 70,000K) salary when you graduate
Lolll at your signiture
Lol I get the Mormon jokes all the time even though I'm not Mormon. I think I would be fine with working for a F100 company earning a respectable salary but going the CFA route and getting my Masters seems like there is a lot more opportunity in IB. I think it will come down to busting my ass off and building my network up to get into it.
CFA's are more prevalent in AM.. IBD not so much, from what I've heard/seen. I know a few corporate PE/VC arm guys that have CFA's but not too many in IBD..
But, your foresight of busting your ass off and network building will help for sure
If you're going to stay in Utah, kill the GMAT and try to get MBA at BYU instead of U of U. Significantly better placement, network and Wall Street Options.
Great advice guys. I haven't checked BYU much but I'm sure it's hella competitive....Because my analyst job is moving downtown in the summer I was thinking it may work out better going to the U of U since I could relocate up there. Just want to make myself as competitive as possible but I'm afraid there is limited vertical movement up the corporate areas of finance if I don't work for a company like Google.
How do I know if IB is right for me versus working strictly as an analyst? As long as I can make at least $60-70k I think I would be alright with that.
bump
What is your obsession w/ the base salary #? IB and CF aren't really even close in terms of lifestyle, maybe you need to rethink your motivations. Also there's about 0.0% chance you'll get an IB 'gig out of U of U... just sayin bro.
career path for a financial analyst at a big bank ? (Originally Posted: 04/05/2018)
So ive already made a thread regarding this topic with no luck. Basically I have two outstanding offers for two jobs that im trying to decide between and i dont have a lot of time left. One of the positions is for a financial analyst at one of the major banks in canada. Im trying to get an understanding of what this position entails and where it could lead me as i progress in seniority. The description states that I am responsible for financial reporting, corporate segmentation and forecasting. I looked at some of the profiles of guys doing these jobs and some have CFA and other CPA. Can anyone give a bit more insight as to what this position entails and where it would lead me later on in my career?
Much appreciated
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