Is there any exit opportunities for Fp&A?

bcrew13's picture
Rank: Senior Chimp | banana points 28

I am currently a FP&A at a commercial bank, but work with forecasting numbers for auto loans, so the experience doesn't really translate to high financial jobs. I want to go into PE, but no target school so no real shot at that unless I go to get my MBA from a top 10, and even after that I'm not coming from IB experience.

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Comments (13)

Apr 5, 2017

I love my FP&A role. I work at a $100m tech company and we are responsible for all forecasting, analytics, budgeting etc. We are also lead on all deals and work direct with the cfo and ceo. We are a 2 person team, and were a 1 person team for several months. Great exposure at smaller companies and have full visibility into the company.

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Apr 5, 2017

I'm curious- what does comp look like at a small company like yours? What is the next step up for you? I'm assuming there isn't as much of a hierarchy (analyst, senior analyst, manager, director, VP, etc). Not trying to pry too much- comp and structure is readily available for large companies, but I dream that I could jump to a decision-maker role at a smaller company and grow my career and comp with that company.

Apr 5, 2017

Unless you have some elite networking your chance at PE is slim to none. Your experience currently just doesn't support the flow into PE.

Why do you want to go into PE? Is it just because it sounds sexy?

Apr 5, 2017

Financial Reporting & Analysis or Financial Performance & Analysis?

Apr 5, 2017
MistaBooks:

Financial Reporting & Analysis or Financial Performance & Analysis?

financial performance

"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali

Apr 5, 2017

Depends what you want to do, personally I would look for an energy start-up in texas and go for broke

Apr 5, 2017

I haven't noticed it at my place, but I have at some of my friends from grad school.

A number have started in Finance (Planning and Analysis) and moved to either marketing, quality or operations roles (with operations/process improvement being the biggest of the three).

I have yet to see anyone go the other direction.

Corporate Strategy and Development: 2018 - Present
Corporate Finance (FP&A/Treasury/Development): 2011 - 2018

"An investment in knowledge pays the best interest." - Benjamin Franklin

Apr 5, 2017
BirdoInBoston:

I haven't noticed it at my place, but I have at some of my friends from grad school.

A number have started in Finance (Planning and Analysis) and moved to either marketing, quality or operations roles (with operations/process improvement being the biggest of the three).

I have yet to see anyone go the other direction.

interesting. how do those in operations like it? i've been thinking of making that move a year or so down the line.

Apr 5, 2017

Most of the folks I know do enjoy it -- they're "closer to the action" and actually running a business as opposed to analyzing a business.

One of my closer friends who has made this jump, however, made it strictly to hit the CFO chair..."you can't help run the finances of a business without understanding the inner workings." With this I agree (and I spent a year in operations before jumping back to FP&A), but I don't know that you need 5 years worth of operations experience to get there.

And -- operations ain't for everyone. You spend a lot of time putting out fires and dealing with people (and their myriad problems that they bring to work). It is far more art than the "science" of financial planning. You'd be surprised the kind of crap some people sling your way simply because you're "the suit."

Corporate Strategy and Development: 2018 - Present
Corporate Finance (FP&A/Treasury/Development): 2011 - 2018

"An investment in knowledge pays the best interest." - Benjamin Franklin

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Apr 5, 2017

Depending on the industry and size of the company, a good path is FP&A, to business, to business unit CFO. Obviously there a couple of spots in between business and business unit CFO.

Apr 5, 2017

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