How to get out of corporate finance

Question

Hi everyone,

I have been with an F10 company for about a year now as an "analyst". The problem lies in the fact that the accounting component of this role was vastly understated during interviewing. I am trying to get out of CF and go into consulting or even another CF role that has more opportunities to break into CS/BD.  I feel as my wheels are turning here and would hope some of you with some pertinent insight could PM me or reply.

Thanks you all !

MarkBaum · Accepted Answer

I think the largest issue you have is the focus in industry in O&G. That being said, being early in your career it won't be impossible breaking-in elsewhere.

As it stands, I would do the following:

1) Continue working at your firm, try and reach out to managers to get more financial/strategy related work and build as many skills as possible early on.

2) Use your university network and see which firms are still actively hiring and try and build some rapport with them.

pineapplechipmunk · Answer

As of now I only really see three options:

If there's opportunity, keep working at your current role especially if there's a good brand name until you get promoted and then use your experience / track record to get into a solid MBA program and rebrand for consulting, IB, etc.
    Since you'd prefer to not transfer internally switch externally to a different corporate finance role that has a more strategic side to it
    Transfer to a role at a company that has fluid internally movement (i.e., there are opportunities for you to transfer to more corporate strategy, etc.

XSX82 · Answer

FP&A is not bad for ~2 years, however, it eventually gets old. Also, as a result of reforecasting and monthly close processes, there are several days a month where you will be working late. I recently transitioned from a Strategy & FPA role at a start-up to a CS/BD role in a completely diff industry. Happy to answer any questions you have via private messaging. I do have previous IB experience.

UnderLever-OverDeliver · Answer

Of course. I am in the O&G Industry so the outlook is even bleaker now than it was even 3 months ago. I am a financial analyst at one of the majors and would rather not transfer internally since it is an extremely difficult process and moreover I would like to leave the industry as a whole. Just wondering what the best steps are to not only get out of this position but to land on a track that leads to some more interesting work with likely better exit opportunities attached.

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How to get out of corporate finance

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How to get out of corporate finance

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