I recently graduated in May and started a FP&A role at a ~$5B SaaS company. My experience so far has been a 180 compared to my internship at this company. I think my perception of FP&A was skewed because during my internship I was able to do two separate ad hoc modeling projects that were relatively complex and interesting. Now that I am full time, the work is mind numbing and beyond repetitive with almost no modeling. Anyways, my end goal is to move into corp dev, but wanted to get some opinions on the best route for that. I know I obviously can't go straight from FP&A to a strict M&A corp dev role, but my thinking is to go FP&A -> strategic finance -> corp dev/strategy -> corp dev. In an ideal scenario I think this would take me 3-5 years. I do not want to go FP&A -> MBA -> IB -> corp dev.
Anyone made this jump and mind sharing how you did it?
Work hard, network in your company, and be available to take on things outside of your general scope of work. Try and get a good grounding in deck building and "story telling" within them; this is an underrated skill that will pay dividends during your to move from vanilla FP&A to strategy.
Appreciate the comment
One of the only good things about my current role is I have great exposure to the c-suite. If I don't learn any technical skills from this role I should be able to develop some soft skills in communication. Due to the size of my company being 2k employees, our corp dev team is tiny (like less than 5 people). After a year or so, I could relatively easily internally transfer to the strategic finance team, which would be much more technical and interesting.
When you are with the c-suite pay close attention to the questions they ask. You'll notice that they often are less about the numbers and more about how they plan to craft the story that they'd like to tell. If you can get this down and begin to anticipate the questions you'll tee yourself up nicely for the transition. I can't speak to corp dev specifically from a transition standpoint as my background is generally in strategy, but I have helped my current company and prior ones with acquisitions in both a support and lead function.
I recently went on this path from FP&A at a $2B SaaS startup to FP&A > Corp Dev Finance > Corp Dev at a Fortune 500. The key here is to network at your company and leverage the connections you have with those in the corporate development team. I reached out to the cd finance manager and sold her on relatable skills that I gained from working in FP&A. After working in that role for a year, I built connections with the Corp Dev team all while taking modeling courses and reading textbooks on the m&a process. I now work as an associate and although the process took about 3 years, it was worth the effort since the role is much more dynamic and enjoyable than doing budgeting/forecasting imo.
Super helpful, thank you. As far as the actual move did you work cross-functionally with CD on some projects to "prove" yourself and then get officially transferred? Or was it just a role opened up, and your name was already out there and got it that way?
Provident error illum exercitationem consequuntur est accusamus facilis. At velit sit cumque delectus ut. Maxime modi nihil quia et deleniti omnis corrupti. Similique quis est quam est.
Consequatur id eaque enim consequatur et non. Est veniam voluptas sunt quasi est. Voluptatem dolores officiis vel laboriosam cumque minus officia rerum. Voluptas ratione beatae sunt autem sit tenetur nihil.
Maiores nulla voluptas delectus et. In blanditiis fuga ratione iusto expedita minima illo. Quae et praesentium rerum necessitatibus voluptatem. Dolores ut dolor consequatur itaque rerum. Dicta suscipit qui ut eum.
Quasi hic ipsum dolores nesciunt. Assumenda sunt consequuntur nihil officiis quo delectus. Deserunt hic vero temporibus deleniti quae mollitia natus molestiae. Deserunt dolore sit et praesentium vel est qui. Ad facere nostrum deleniti nobis quam est voluptatem. Optio est et rerum quasi quia. Repellendus totam provident nisi qui vel assumenda eos tempore.
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...