Corp Finance Career Path - Breadth vs. Depth

I'll keep this at a 50,000 ft level but would like your advice/input on which direction to go. Here are a few background details to add some context:

~ 29 year old male, married 3 years with babies on the upcoming horizon (next 24 months)
~ BS in Finance and MSF from Florida state Universities
~ 7 years experience with the same multinational corporation
~ 1 year internship -> Cash Management, CFOA, FX translations
~ 2 years Controllership analyst -> Currency revaluation, Oracle ERP implementation, Sox Controls
~ 2 years Corporate HQ FP&A role for a Shared Service Org (FA, AP, AR, Payroll, Tax)
~ 2 years Business P&L FP&A role (global) - Support R&D, Mktg, HR, Finance, Company Consolidation & Reporting, SRO, and 1/3 year strategic planning

So to get to the point, I'm perplexed on 2 questions I'm currently facing:

1) To leave the MNC that 100% of my professional experience is with? I've moved to 3 locations for varying roles but have no external exposure. A vested Pension is a great benefit but sometimes I feel having a limited Corp experience prohibits my ability to triangulate good analytics. Swimming in the same bath water so to say...

2) At this point in my career should I focus on the next step down my current path or take a step back and build another skill? So a classic depth vs. breadth view... Hypothetically my next role would be a Global Finance Mgr for a Product/Segment or an FP&A Mgr role. Probably looking at a 10-15% bump with increasing levels of stress/deliverables but would represent the next progressive step. Or should I make a horizontal move outside of my comfort zone for say a Cost Accting / Supply Chain Analytics role? This would be a potential salary cut or at least held flat but would build out my skill set as an individual contributor.

 
Best Response

So from what it sounds like, you're more or less happy with the company you're with, but feel you've reached the peak of your learning curve if you stay within FP&A? It's just hard to get a sense of the direction of your career unless you provide more insight into where you want to go, what you want to do. Seems you've rotated across a number of different departments and have good exposure to the various functions within finance, but you're considering a move into the more operational side of the business (ie supply chain management?).

To respond to the first question...take a look at where top management within the firm is coming from. Depending on the place, a lot of times you'll see people promoted within (typically programs with very strong FLDPs), and others, you'll see a higher percentage of those as external hires. If you're looking to move up the ladder within the CF function itself, and your company is one that is more likely to promote internally, stay.

As you mentioned, with the whole depth v breadth view, I'd stay away from moving "outside of your comfort zone" unless you feel REALLY compelled to do so...the further away you move in time and scope from your finance function, the less attractive you will be to other employers within your previous skillset, if sometime down the line decide to move back into CF.

I'm not quite sure what you mean by building your skill set as an individual contributor -- are you specifically referring more to being a supply chain operations manager, ie moving to a different location outside of the HQ and managing the supply chain of a smaller branch of your company? Basically, I'm trying to say it's difficult to gauge your level of interest in what you're doing now vs interest in cost acctng/supply chain, and what exactly you're trying to accomplish by making the move.

Sometimes lies are more dependable than the truth.
 

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