Lateral opportunities from Treasury Analyst
Current Full-time Treasury Analyst-Intern here. Been with the company 3 mo now and they’re planning on hiring me on salaried when they’re budget is allocated for (June-ish) ~$55k? Nothing crazy but I graduated from a well known school (non-target).
What kinds of roles would see value from being a treasury analyst besides other treasury roles? A LOT of bank reconciliation, monitoring funds released, creating account statements and reports on a daily basis.
There’s not a ton of upward mobility and people that have been there for 5+ years are still in the analyst role. Plus the work is very back-office like and, might i say, boring which is why I’m looking to move on. Thanks!
ibyankee01, sorry there are no responses yet. Maybe one of these topics can point you in the right direction:
More suggestions...
You're welcome.
So couple things first before we get to potential exits:
1) Moving up usually requires moving around or threatening to move around. Your company will constantly wrestle with the need to keep down budget and the need to retain top talent, you don't want to get stuck in the shuffle. If you don't see opportunity for upward mobility already then go into this position with the goals of getting a diverse skill set and making as many friends across groups of interest as possible.
2) Early on its all about your ability to sell yourself as a quick study so don't get too bogged down in your exits. Moving to IB? That's probably not a realistic next step, but moving to another area of Corp. Fin and maybe even strategy? That is entirely possible with a good story.
Anyway, possible exits:
- You can always move to treasury elsewhere
- Enterprise Risk Management (ERM) is a possible spot to land, your ability to analyze reports and find anomalies can be be a good transferable skill set.
- FP&A/Management reporting is another easy exit because its essentially just one level "higher" in terms of analysis. Instead of creating the reports your just recognizing their impact across the company
- Potentially a move to IR because you will have a decent understanding of the macro-economic impacts of regulation changes and you will have good to great understanding of accounting principles (but it would require quality business writing and personal skills)
Finally, if you decide you need a big career change - there is always MBA.
This was extremely helpful, thank you! It’s good to know there is a lot of opportunity coming from a Treasury role, I just wasn’t so aware of it since I’m new to the financial industry as a whole
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