Feeling Lost Trying to Break Into Finance

It sounds like you're in a tough spot, but don't worry—there's a clear path forward. Based on the most helpful WSO content, here’s a game plan to help you break into finance:

1. Target the Right Roles

• Since your ultimate goal is IB or PE, focus on roles that build transferable skills. These include:

  • FP&A (Financial Planning & Analysis): Great for developing financial modeling and forecasting skills.
  • Corporate Banking Analyst: Offers exposure to credit analysis and client interaction.
  • Valuation/Transaction Services: Firms like FTI or Big 4 advisory divisions are excellent stepping stones.
  • Equity Research or Credit Research: Builds analytical skills and industry knowledge.
  • Treasury or Rotational Programs at F500 Companies: These roles can help you lateral into IB or PE later.

  If you’re struggling to land these roles, consider applying to:

• Local boutique investment banks or small private equity firms: They often have less rigid hiring requirements.
• Financial consulting or accounting roles: These can provide relevant experience and help you pivot later.

2. Certifications and Skills

• CFA Level 1: Completing this by February is a strong move. It signals your commitment to finance and builds credibility.
• SIE (Securities Industry Essentials): This is a good addition, especially if you’re considering roles that require FINRA licenses (e.g., Series 7 or 63).
• Excel and Financial Modeling: If you haven’t already, enroll in financial modeling courses. WSO offers a highly-rated Elite Modeling Package that covers DCF, LBO, M&A, and more. These skills are critical for IB and PE roles.
• Networking: Build your LinkedIn presence and reach out to alumni or professionals in your target roles. Use a structured approach—track your outreach in a spreadsheet and aim for informational interviews.

3. Leverage the Sales Job Offer

• While it’s not your dream role, a sales job can help you develop soft skills like communication, negotiation, and client management. These are valuable in finance, especially in roles like IB or corporate banking.
• If you take the sales job, continue networking and applying for finance roles on the side. Use the income to support your CFA and financial modeling studies.

4. Internships and Side Projects

• If you’re still struggling to land a full-time role, consider unpaid or part-time internships in finance. Even a local wealth management firm or boutique advisory shop can add relevant experience to your resume.
• Join your local CFA society or finance-related meetups to expand your network and stay engaged in the field.

5. Mindset and Strategy

• Don’t compare yourself to others: Everyone’s journey is different. Focus on your own progress and the steps you’re taking to improve.
• Stay persistent: Breaking into finance from a non-target school with limited experience is challenging, but not impossible. Many WSO users have shared success stories of breaking into IB or PE after starting in less traditional roles.

6. Action Plan

• Short-term (0-3 months):
  • Complete CFA Level 1 and SIE.
  • Apply to 10-15 roles per week, focusing on FP&A, corporate banking, and valuation.
  • Network with at least 5 professionals weekly.
• Mid-term (3-6 months):
  • Secure a role, even if it’s not your dream job, and continue building skills.
  • Enroll in financial modeling courses and refine your technical skills.
• Long-term (6-12 months):
  • Leverage your first role to lateral into a more relevant finance position.
  • Continue networking and consider additional certifications if needed (e.g., Series 7/63).

Remember, the deck may feel stacked against you, but with persistence, strategic planning, and continuous learning, you can absolutely break into finance. Keep pushing forward—you’ve got this!

Sources: Graduating MSF - no job, Banking -> Startup PM on who SHOULD join IB, Over 30, still no undergrad, finance career options?, Advice from people who left?, Accounting major, can't seem to break into IB