Exit opportunities after treasury role?

The truth is that treasury roles vary significantly, so exit ops are largely dependent on the type of work you do in treasury. I only have experience in treasury for a large corporate, and am not as familiar with treasury roles at a bank. I've also only been heavily exposed to treasury at just one major corporate so YMMV. From my experience treasury is really split between two key functions:

Capital Markets - typically works very closely with the asst. Treasurer or Treasurer. This group would typically oversee and forecast total company liquidity, develop and manage FX/interest rate hedging strategy, manage relationships with rating agencies and bankers, share buy-backs, covenant compliance, issuance of CP and if you're lucky to be there during a significant transaction, this group would be instrumental in debt/equity-raising process (development of proforma financials, roadshow preparation, etc.). If the company is taken private (such as through an LBO), this group may also act as IR for the company, facilitating the communication & crafting the message to debt investors. If your corporate is a parent company to publicly traded subsidiaries, you may also be tasked with working with their CFO on capital strategy, if said subsidiary does not have a built out treasury function. These groups are typically very lean from my experience.

Treasury Operations - This group is really one step removed from the treasurer. The responsibilities of this group are oftentimes to "execute" activities as instructed by the Capital markets/capital strategy group. For ex: Ops will execute trades as instructed by the capital markets group and treasurer, will be more focused on inter-company liquidity rather than total company. These roles are easier to come by.

Obviously the experience that you gain in these groups is very different. I think that treasury (especially in Cap markets) is a great learning experience for someone early in their career. From treasury ops, I would be trying to exit into a capital markets role (for a corporate) if the experience outlined above is appealing. From a capital markets role, you have a great view of the company and could probably choose your exit if you'd like to stay in corporate (highly relevant for corporate fp&a, IR or finance at a startup), with networking or luck, consulting is also an option. Hope this is helpful to someone - good luck.