Aerospace Engineer NEEDS advice
Hello Folks,
Thank you for taking the time to read my post!
As the title says, I need advice. Don't really know many in the financial field, and i'm looking to transition into the business side of aerospace/aviation; but i'm not sure where.
Right now i'm comfortable working for the gov, but it's not for me.
8 months ago my dream job slipped through my fingers (aviation sales in west africa) because I didn't have an MBA; so i'm in the process of rectifying that.
But instead of focusing on sales and business development, i'm trying to broaden my scope. I've been looking at companies like the Seabury group who does a lot of consulting in aviation, but they also do aviation related M&A and IB. I'm not really interested in being a consultant, but I don't know about IB and M&A (mostly because of the hours, i want a life outside of work). But not so disinterested because of the earning potential.
So my questions are very simple.
1. would someone w/ my profile be able to get into finance in aviation (in IB or M&A)?
2. what would life be like? Right now i work 4 days a week, and make almost 6 figures. But growth potential is not really there. I'd rather put in more hours and get big paychecks than to have all this free time.
3. In aviation / aerospace business, where do you see the greatest earning potential?
Below is a copy of my resume...
http://www.razume.com/documents/18522
Thanks again for taking the time to read my post... :)
Have you considered starting your own company with the free time you have? Sounds like the ideal situation to me. You have a pretty decent cash-flow tosupport you right now, while only working half the week. Use the rest of the time to do your own thing. There's way more upside in that than being someone else's slave in M&A.
Dude, you didn't black out enough on your resume. I know exactly all the the schools you went to, as well as the fact you work for The Boeing Company because who else would be working on the 787 Dreamliner? I would recommend taking this down.
Don't center everything in your resume. Weird.
@ everythingsucks... Start a company doing what? I've thought about creating a consulting company to do small projects, but given the fact that i work for the gov, i'm not allowed to invest or really do work in the aerospace/aviation field... :-/ So the question becomes, what do i do?
@jc ... what's the down side of knowing that info? my cv is on monster and a few other job sites...
You just want to protect your anonymity on this site, thats all.
TBH I was going to suggest opening your own small consultancy. Even if you get 2-3 clients a year, you can more than double your current income. I've heard that government independence policies are actually quite lax compared to private firms, so you should talk to your superiors and ask exactly what you are/aren't allowed to work on in your spare time. You may not be able to open a competing business, but there could be a tangentially related field in which you've developed some expertise due to your work experience. I think you are in a position to answer your question a lot more than me, so maybe you should start giving some serious thought to it. I personally think that you'll be miserable working 80+ hours a week in finance, regardless of the money.
Look up Aerospace Consulting Group and see if you can compete with them in any of their services. You'd have a significant advantage because you can bid way less for the same work. As an example, my neighbour used to work for IBM consulting. He was a senior manager there, and he quit to start his own firm. He was making just around 200K at IBM, and because of the expertise he developed, he now competes with IBM for some of the smaller scope projects. He's managed to win 3-4 projects a year over the past 5 years, and had revenues of almost 800K last year, of which he cleared 500. You can see the potential. If you have the expertise, start doing the leg work now. Get the process started. Build your brand, decide on the services you can offer. Network in your spare time. And when you're ready, you can quit your current job if they don't let you pursue it on the side. You'll be a lot happier answering only to yourself, and you'll have the chance to earn a lot more.
TBH... that's what I'd like to do, I even started putting the company together... But right now I'm not allowed to do that; I can't even buy aerospace/aviation stock. We regulate the industry, so I'd be asking for trouble. If I want to do consulting in my field of expertise, i'm gonna have to get out. Given that dilemma, what are the more lucrative area of aviation business? And how does one get into them? I can see myself working for someone for a while before I go off on my own.
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