I need some career advice. I am currently a manager in a big 4 transaction advisory services department (FDD) and I am both a CFA charterholder and a CPA. What are some decent career options for someone with my background? I am not looking to try to break into IB because I dont think I can handle the hours. I am also not considering an MBA (possible a good part-time program).
Here are few things I want/dont want in a future career:
- I want an average week of around maximum 50-60 hours.
- Limited travel. Occasional travel for a day or two is ok but I dont want to travel for weeks at a time.
- I want the work to be somewhat stimulating and analytical.
Please suggest some reasonable options and the potential total compensation for said position.
I am kind of lost at this stage so I will appreciate any suggestions!
Out of curiosity, what it the typical comp for a manager in Transaction Advisory Services?
I am not in the US right now but from what I have heard I think a manager in the US would be around $120k + 5-10% bonus depending on the city/market.
A corporate finance role would check most if not all of this criteria. Comp depends a lot but I'm guessing would be in the range of 120-225k, though I doubt it would go much higher unless you're on a CFO track.
Thanks for the answer. When you say corporate finance, do you mean something like FP&A? If moving to corporate finance, what level/title can I reasonably expect?
Yes, it generally goes under FP&A. From my understanding, in companies that have larger capital projects (e.g. oil and gas, power, large industrial companies such as GE) there might be a finance function separate from FP&A that evaluates discrete internal projects. Either way, usually the title is Finance Manager or similar.
You could also consider a controller type position but that would not be intellectually stimulating from the little that I know about what controllers do.
Is ER out of the question for someone with my background?
No, not at all. However, it's unlikely to meet the first two conditions you mentioned. You'll most likely be working >50-60 hours a week the first few years. ER analysts usually travel a fair amount too for either research trips or on marketing trips to visit clients. Sell-side ER isn't exactly a great lifestyle IMO, though its better than banking.
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