Switching from Operations to Finance

I'm looking for advice on how to jump from an operational side of banking to a more finance-related side of banking.

For some background, I had been working as an analyst for the 'strategy' side of my CB. This basically meant that we keep track of key indicators (think if we had to get X$ this month from our loan payments but instead we got Y$), do research and special projects to find what is going on and then suggest action plans to tackle problems. Thing is we can only make operational decisions i.e. I can tell employees what to do but I can't actually make any money change hands. Neither can my superiors.

I've done well during COVID and finally got a promotion to a key hierarchical position. Thing is that in this hierarchy I could basically double my income by just changing to a finance-related position. I also think that changing departments in the next 2 years would be way easier than jumping to the next hierarchy so I've made my decision. For the next 2 years I need to push as hard as I can to get into finance.

Right now I'm thinking of doing the FRM. I know of some VPs in the asset management side of our bank who are certified FRMs. In terms of numbers there are way more CFAs but I think that the FRM pairs better with my educational background (BSc in Mathematics). However this is my naive plan as an outsider. The areas I'm targetting are

As they would all result in a significant pay bump. Hopefully I can get some advice from people in these areas regarding an efficient plan and my odds given my background.

1 Comments
 

Expedita dolorem voluptatem delectus vitae ipsam. Id non eos nihil ullam magnam. Recusandae quo officiis rerum enim. Voluptate beatae laboriosam rem ducimus et quisquam. Ut qui sint modi quibusdam ex nostrum quis. Eum aut repellat nam laboriosam veritatis reprehenderit et. Nulla adipisci nesciunt delectus commodi sunt aut aut.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”