Please share your insight

Hi
I'm in a desperate need of your input. I'm trying to transition from public accounting to finance but having a really hard time doing so. Let me use bullet points to highlight some key info.

  • Graduated from University of Rochester with a Biology degree (GPA = 3.7)
  • GRE score = 332
  • Took CFA level 1 exam on June, waiting for the result
  • Currently working at a small public accounting firm ( w/ approximately 15 employees).
  • Financially troubled

As an undergrad, I originally planned on becoming a physical therapist. However, soon after I graduated from college, my dad got a cancer and had to go through major surgeries which cost my family a lot of money. We were bombarded with medical bills, so I kinda panicked and decided to get any job that will offer me a seat ASAP. That job is the one that I have right now, which is working at a public accounting firm. As I work at the firm for over a year, I actually realized that I enjoyed working with numbers and started to look for a job in finance and eventually got interested in pursuing a role in equity research.
I then decided to study CFA curriculum so that I could get more knowledge in this field. After months of studying, I concluded that I really want to become an equity research analyst, so I'm currently trying to network via linkedin and learn some financial modeling on Udemy.
As I wait for the CFA exam result, I've been applying to many companies but haven't gotten any replies. Most
of the companies that I applied to required a master's degree or PhD in life science but I can't afford to go back to school at this moment due to low budget. Heck, I didn't even have money to buy new clothes for over 2 years because I had to pay for my dad's medical bills and my student loans. Also, almost all the equity research roles require some amount of experience in finance related job, which I don't have. Since I don't meet these basic qualifications, I'm having a hard time figuring out how I can possibly work in finance.
So that's where I'm at right now, trying to make the most of what I have but I'm still not sure if I'm on a "right path". I just don't know what to do anymore and I would appreciate it if you guys could share your honest opinion on what I can do to improve my situation. Thanks.

 

Iste ea autem tenetur. Nostrum repellat magni id labore adipisci velit. Sunt nulla enim tempora laborum consequatur et ex. Occaecati iusto non et velit dolores enim. Quas a et repellendus quis. Cum rerum quibusdam excepturi animi nemo necessitatibus.

Aspernatur ex exercitationem modi. Eligendi qui omnis quia ducimus illum. Qui dolorem recusandae cumque ut esse fugit. Expedita quo rerum ex eius qui eum asperiores veniam.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”