Getting out of FP&A
Hey,
I'm in a bit of a tricky situation - I was previously working in B4 audit and exited to what seemed a decent option at the time, FP&A.
I've done so because I was a bit burnt out and didn't find the work in audit enjoyable (who does?) but now I'm realizing that I've been sold a whole different story during the interview and the work isn't really more stimulating.
What are my options? I'm based in Europe and MBAs don't really carry the same weight but they carry the same hefty pricetag so I'm a bit reluctant to put my savings in the hope of breaking in.
Ideally I'd like to break into something more intellectually stimulating and without crazy hours (70+) in finance.
If someone made the move from corporate finance to banking and explain how they got there I'd really appreciate it.
Thanks!
Hey there!
I totally get where you're coming from. FP&A can sometimes feel like you're stuck in a loop, especially if you're looking for something more stimulating. But don't worry, there are plenty of options out there for someone with your experience and skills.
One option could be to consider a transition into a finance software sales or consulting role. This could leverage your FP&A experience and provide a new challenge. You could also consider a role as an FP&A manager, which might offer more strategic and decision-making responsibilities.
If you're interested in banking, it's definitely possible to make the transition from corporate finance. It might require some networking and potentially additional training, but your audit and FP&A experience would be valuable. You could consider roles in areas like valuation, due diligence for M&A deals, or even internal middle market investment banks.
Remember, the key is to identify your strengths and interests, and then find roles that align with those. It might take some time and effort, but I'm confident you'll find a path that's right for you.
And remember, it's not just about climbing the ladder, it's also about building a career scaffold. This means you might move laterally into different roles to build a well-rounded knowledge of the business, not just one area of expertise.
Hope this helps! Keep swinging from those branches, and you'll find the right one soon.
Sources: Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, Accounting vs Finance: Part 1 – Career Paths, Exiting Big Four (Audit) after 5 years and entering FP&A - Ask me anything, FP&A exit ops?
Hey there,
I totally get where you're coming from. FP&A can sometimes feel like you're stuck in a loop, especially if you're looking for something more stimulating. But don't worry, there are plenty of options out there for you.
One option could be to consider consulting for a finance solution like Hyperion or even finance software sales. These roles can be quite dynamic and offer a different kind of challenge.
Another option could be to aim for an FP&A manager role. This would still be within your field but at a higher level, which might offer the intellectual stimulation you're looking for.
If you're interested in banking, it's definitely possible to make the transition from corporate finance. It might be a bit of a challenge, but it's doable. You could start by networking and trying to get your foot in the door.
Also, remember that your experience in FP&A can be a strength. You've developed skills and knowledge that can be valuable in other roles. So, don't be too quick to dismiss what you've learned so far.
I hope this helps! Remember, the grass is always greener where you water it. So, keep exploring your options and I'm sure you'll find something that suits you.
Sources: Accounting vs Finance: Part 1 – Career Paths, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, Exiting Big Four (Audit) after 5 years and entering FP&A - Ask me anything, FP&A exit ops?
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