Dear the WSO Community,
I’m a recent graduate from a target (top 5) UK uni. I’ve recently received an offer for a junior treasury associate role at a Fintech company.
My initial thoughts are positive and this sounds exciting, particularly due to current undergrad job market. (I’m the opposite of a DEI candidate).
I’m just a little nervous that starting out in treasury may put me in the middle/ back office forever and may close some doors for me? Although it seems way more interesting than any big 4 grad scheme and the company seems great according to Glassdoor, and the people who I’ve met throughout recruitment process have been some of the nicest professionals I’ve met.
I was wondering would any fellow treasurers have any advice for me about it all?
Many thanks.
Based on the most helpful WSO content, here are some insights on starting a career in Treasury:
Key Points about Treasury Roles:
Role and Responsibilities:
Career Path and Hierarchy:
Concerns about Middle/Back Office:
Advantages of Treasury Roles:
Networking and Career Development:
Advice for a Recent Graduate:
Conclusion:
Starting in a treasury role at a reputable fintech company can be a solid foundation for your career. It offers diverse experiences and can lead to various high-level finance roles. Focus on building your skills, networking, and aligning your role with your long-term career goals.
For more detailed discussions and advice, you might want to explore related threads on WSO or connect with professionals in the field.
Sources: All about Treasury/ Corporate Treasury!, Corporate Treasury at BB Thoughts, London Advice on current situation and transition to IBD/S&T, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, Breaking into ALM/Treasury
Is that Stripe by any chance? If so I’d pass - if not, treasury is interesting enough but it depends what you want to do after.
It depends A LOT on (A) what you want to do with your life, and (B) the company. I work in IB and while I have friends in Treasury-type roles, I don't, and these are my opinions only based on my preferences.
If you're keen on being more mobile professionally, then I think you might indeed be narrowing yourself considerably here (particularly if your role doesn't enable you to get a CPA / ACA type qualification). That changes if your company is more flexible with moving through the corporate path. CFOs typically come up up through the finance / accounting / treasury route, or the more commercial route (i.e. corporate development, corporate finance, etc.)
You're probably right that this will be more fun than Big 4, and might even pay more (especially if it's a growth-y type place where you might get some sweet equity), and if that's really important for you, go for it friend and don't look back. But if you want more optionality in your career, my suggestion woud be to re-visit those grad programs.
Two big caveats are time and money. It's September and if you're a recent graduate that probably means your fallback is to decline the offer and keep applying. Not everyone can afford to do that, and grad roles at Big 4 (or anywhere else) are harder to get as the year goes by (unless there's January openings - maybe there are and I might be out of touch here). Depending on your options and situation, you could work for a year, see if you like it, and then do a Masters program and re-apply if you don't.
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