FP&A/SG&A Skills directly transferable to...?
Hi all,
I'm currently going through an interesting path (quarter-life crisis?) regarding my current position. I'm currently junior analyst at an F50 (top 10) company and I feel like my work is very underwhelming. I learned a good bunch about corp fin and all the bureaucracies, office politics, etc etc but I believe it's time to jump ship. I believe it's a great position to be in when you're older, but just starting out I feel like I'm not learning enough and literally have to create my own work and go after new skills (coding) to keep the day to day interesting. I'd eventually like to move (both jobs and cities) and since I don't have enough experience when it comes to the different positions within the wide world of Finance, I was wondering if someone could enlighten me in regards to transferable skills I can take from this position and directly apply/add value instantly elsewhere (besides Excel, Access, etc)? My background (school) isn't finance so I'm genuinely curious and looking for some guidance from more seasoned monkeys!
Thanks for taking the time to read this
Bump...in a very similar position at this point in my life
underwhelmed in IB? Are you in NYC?
I just realized it said IB, M&A under my description, not sure why that was....Corp Finc role Los Angeles. Been here two years either going to transition to leadership development role or MBA. Most advice I have been given is get an MBA and/or find passion/industry that excites me and run with it
There was another thread on this exact topic earlier this year. I'd search for it - there were some good answers.
Found it - http://www.wallstreetoasis.com/forums/staff-accountant-financial-analys…
Currently reading through it but this link is the opposite move of what I mentioned. I'll keep browsing for similar content, thanks for the tip!
That's not it. There is a small chance that it was on another site but I distinctly remember reading quite a bit of discussion about this exact issue and could swear it was here. I'll look.
Was in your position after finishing my first year as well (actually a little earlier) - I would start with what fields/roles you're interested in and then move on from there. That'll probably be your best bet.
I'm still a big behind on my research regarding other fields and roles but I'm interested in IB for the resume building, exposure, work, etc. I believe most of the work involves a mix of excel ninja skills / ppt skills / financial modelling (and a way to get a job the non-trad way)?
I think what you're feeling is pretty much ubiquitous among everyone. After a 6 months to 2 years you should be ready to move on to a new role. Politically I think even though you're ready to move on you should wait for the 3 or 4 year mark....if you're staying within the company.
You have to network. Can't be stressed enough. Figure out where in finance you want to transition to and figure a way to turn your current experience into something positive and useful.
You have a lot of value within the F500 realm. If your trying to jump to Fin the path is difficult, but other have done it. Kinda need more specifics.
If you're interested in IB, your best bet is to apply for top MBA schools. A F50 experience should be a competitive experience for those schools, though they might like to see more than a year on there.
If that's not an option you have to network your way in.
If you don't mind staying in the corporate finance realm, just jump ship and see what options you have. Companies seem more willing to give a jump in work load to a new hire than they do current employees for some reason. Remaining mobile is your friend.
Thanks for the feedback. Yes, that is definitely my plan as I feel like I'll be stuck in the dept/company until I go for a top MBA. Leaving wouldn't really make sense BC 1) name brand 2) nothing truly better within the area 3) would only want to leave to similar or better brand to facilitate the MBA app process.
That seems to be very true - not only a bump in work but $$ as well. I appreciate your response!
real interested in this as well. stuck in the same groove as TS - FP&A, with bits of M&A scraps thrown to me.
could use the advice / discussion.
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