Litigation Consulting to Equity Research
Hello Monkeys, happy Independence Day. As the title suggests, I am currently a senior consultant with a litigation consulting firm and determined to break into sell or buy side. In my current position I have worked mainly on accounting investigations, including rev rec., bad debt reserve, and stock option backdating analyses, as well as commercial damages lawsuits.
Unfortunately I didn't really grasp the importance of school and the impact it would have on my career ambitions until senior year of college. When I look back I really can't understand or accept my mentality at the time. I attended a private non-target, with a top 50 business program. My GPA was fairly low until senior year after my internship with my current company. Once I had a taste of the real business world it completely changed my priorities. I returned to school and earned a 3.85 for the remaining two semesters, mostly finance courses. I graduated in 2009 with a BS in Finance and a 3.32 cumulative, 3.6 major GPA.
While I find litigation consulting interesting/challenging, I have always been interested in investing and have resolved to make a career change. I follow the financial markets, manage my own portfolio, and manage a small real estate fund (only 1 property so far) with two friends. I am also a level II CFA candidate, awaiting results from the June 2013 exam.
Since sitting for the exam, I have felt a renewed determination to make this change. I am finishing up the BIWScourse, spending more time reading the recommended financial news sources, books, this forum, and analyst reports, and re-working my resume.
Based on this background I believe most decent firms would be unlikely to consider me for an associate analyst position. However, before I spend $150K and 2 years in B-school, I would like to try my best to find this type of role. I have decent connections and am very social/personable. While I do not have professional experience in the industry, I feel confident in my understanding of financial analysis, markets, job requirements, etc… I believe that if given the opportunity I can make a good impression in an interview.
My questions are not new to this board, although I would like to ask them in the context of my unique circumstances. Does it make sense for me to go the networking/cold call & email/praying route, or should I face reality and study for the GMAT (probably "both" is the correct answer)? Does litigation consulting experience (which involves accounting, due diligence, and some finance) mean anything to decision makers in this field? Would writing a sample research report be useful or a waste of time (I realize there are differing opinions on this)? Sorry for the long post but any help or advice would be greatly appreciated. I have attached my current resume as well, any thoughts on it would be great. Thanks and cheers!