Back Office to Middle Office and next steps
Hey WFH Monkeys,
Been a long time lurker and have found this site to be very helpful in at least opening my eyes wider to the challenging and competitive nature of this industry. A little background on me, went to a school no one has likely heard of, by no means an impressive GPA, but managed to get experience in portfolio/fund accounting/administration. I eventually moved from an administrator to an asset manager in a BO capacity and have transitioned into more of a MO capacity (risk/compliance/analytics/reporting). My end goal is to get into credit research internally (FO externally), but there is obviously no guarantee (I've had discussions with my manager and other Investment Team folks ). Considering a majority of the research group are former IB folks, it just makes it that much more challenging.
A few things to note, I feel like I've built rather 'genuine/organic' relationships internally which include a majority of the Investment Team, and have 'visibility' to the PMs, Senior Team, C-suite -it's a pretty flat structure. I really like the firm, culture, and my team but have been recently approached by an interesting opportunity a senior MO role in the PE space. Now, I constantly keep my eyes open on interesting opportunities that I believe can help advance my career, and this one honestly does that. This opportunity would include at least a 20% raise, title bump, shift in asset class (MM/Credit > PE), which I think would complement my current experience, and here is the kicker - they pay 100% tuition. Now ideally, if I were to take this role, I'd take advantage of this tuition reimbursement and would pursue an MBA program (M7), but it's still rather open-ended on whether I'd get accepted or not. However, there have been many folks that have pursued these MBA programs at this new firm which leads me to believe I may have a substantially better chance getting accepted (since they pour money into these programs - foot in the door?)
My idea is, whether I'm able to make it forward into a FO capacity or not, I should continue to progress in my career and this appears to be a great ticket. Also, if I were able to make this transition and ultimately secure a spot in one of these MBA programs (M7-Midwest), I feel that'd give me substantial leverage to move into a FO capacity whether it's internally or externally.
I'd be curious to hear some thoughts/ideas/anecdotes.
Thank you again to the community and this platform for the plethora of valuable and useful information.
-1st time poster
Corporis dignissimos ut fuga. Libero tempora nam sequi temporibus recusandae sunt aut. Praesentium inventore soluta voluptates deserunt. Reiciendis nihil voluptas possimus perferendis assumenda odit cumque dolores. Omnis aut magnam placeat saepe quis ad distinctio.
Magni et amet dolores aperiam saepe. Dicta quo eaque et fuga. Assumenda quam qui in ut blanditiis. Aliquid nisi et aut. Minima tempora consequatur et laboriosam et id et non.
Placeat nostrum et illo voluptates hic et. Sed officia enim vitae quis est est consequatur. Nostrum ipsa nobis repellat voluptas ducimus vel veritatis omnis. Earum reiciendis quo non voluptatem in quod minima incidunt.
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...