Last week, I posted this article "Should I reconsider an O&G career due to low oil prices?" regarding whether or not you should career in oil and gas given the current environment of low oil prices.
This week, I want to take that topic a step further and assume that you DO want to switch industries. The reason for this topic is because the thought of switching has crossed my mind several times. My internship in college was at an oil and gas company. A month after graduation, I joined a F500 oil and gas company and have been there since. It's all I've ever known. I breathed oil and gas for 8 years - it was my bread and butter.
However, deep down I knew that I couldn't see myself in the same industry forever. I was always curious about other industries like tech companies such as Apple and being able to contribute to amazing, groundbreaking, one-of-a-kind products they release and see people incorporate them into their daily lives...or CPGs like Procter and Gamble so I can walk by the aisles of a grocery store and know that I played a pivotal role in the marketing/packaging strategy of the products. Yes, I drive by tons of gas stations every day; I use electricity everyday, but it just didn't feel the same....to me, at least. But, I'm also afraid to throw away all those years I've invested in oil and gas....
Anyway, I wanted to list out all the transferable skills within corporate finance that you can take with you regardless of industry. It would help me out and give me the confidence I need if I do decide to make the switch one day. It'll also help other readers who are considering the same. Thus, please mention any others that I may have missed. This would also be helpful for resumes, cover letters, and interviews.
1. Forecasting, budgeting, and variance analysis - can't avoid this in most corporate finance roles
2. Presentation and communication skills - being able to tell a story in a clear, concise manner.....on powerpoint slides
3. The ability to sift through large amounts of data and draw out key, insightful messages
4. Influencing skills - sometimes you need to be able to influence others to do your bidding
5. Analytical skills
6. Accounting/finance skills -
7. Leadership skills, team player/collaborative, ability to work with others
8. Desire to learn
9. Ability to work under minimal supervision; takes initiative
Are there any other transferable skills?