Alternative path
Given that recent grads have had a harder time finding work, what are some alternate paths that could be good experience with the goal of getting back into a finance role down the road (year or two from now).
Given that recent grads have had a harder time finding work, what are some alternate paths that could be good experience with the goal of getting back into a finance role down the road (year or two from now).
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Career Resources
Corporate/Commercial Banking, Valuations, B4 TS (prob have to grind it out in audit first), CRE, Tier 2 and below Management Consulting, good FLDPs
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Whether it's a bad job market, coming from a non-target school, or just late to the party, there's always a way into the career you want. I came from a no-name liberal arts college in the Midwest (not Chicago or any major city) and had no internships or really any direction coming out of school. I was even unemployed for 3 months afterwards just applying for random jobs to pay the bills. Eventually I got lucky and joined a family office CRE firm that I had no idea existed on their investment team but also worked in asset management and FP&A because of how small of a shop it was. After a few years there I figured out that I wanted to be in traditional PE and was able to lateral to a LMM fund that only had a handful of employees and was making significantly less than "street". But I spent years there grateful for the opportunity and was able to bounce around a bit before wanting to settle down and have a family which is why I wanted a slow-paced job and took a Corp Dev role in a F500 company.
All that to say, you can take weird jobs that aren't "the path" and as long as you're learning new skills and able to create a narrative of how those developed skills can help you land the next job, you'll be fine. Plus, you can always spend a few years out of school in a role and then pivot into banking, consulting, or corp finance after an MBA if you really are having a hard time pivoting careers without one. You will be fine, and careers are a long and winding road and not a 2+2+2 that you read on here. That only accounts for 6 years out of a normally 30+ year career.
I appreciate that insight and background, it was very reassuring/motivating to hear the unique path you took.
I have internship experience at a large asset manager and a smaller hedge fund, so for me I believe the main issue is the recent grad job market. MBA is definitely a path I will pursue (and CFA is a path I’m currently pursuing), but figured that before MBA I try and get some strong investment job experience whether through banking, research or portfolio analytics type role.
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