I am currently in the trenches at Capital One Auto Finance managing a group of 16 risk associates (collectors on bad car loans).While CapitalOne was just named one of the top 10 places to find leaders, I have been struggling with the prospect of shorting myself by staying at Capital One for the next 30 years.
While I really enjoy the management here and can see myself moving up, there is less opportunity to move up after 10 years (the higher up you make it the less positions are available to you).
Do I put in 5 years then go to a reputable Business school, get MBA, and shoot for a Consulting gig? How will my experience in management and leading extra projects help me? Would I even appeal to Consulting Firms?
Spark Notes:
CapitalOne Mgr>Sr. Mgr>Dept Mgr>Director($150k-ish after 10 years, and potentially be stuck)
CapOne Mgr>Sr.Mgr>MBA>Consulting
I am looking for feedback from someone in both the F100 and Consulting rolls
A Million Thanks!
I am curious about this issue as well. I will be entering a corporate finance rotational gig at global fortune 500 company and I am not sure what the next step would be after the 2 years.
It sounds like you have put yourself in a shitty position where your only moves can be slightly vertical with time. Time being the biggest (and in my opinion worst variable) for you. I really hate leadership that equate time to value. I know people with 30+ years experience and aren't worth a shit.
I currently work for a Global 500 (Fortune 100). I took my current position within this company because of the value that was available. They recently acquired a new company (about 2 years ago). I was brought in to help build a finance department for a company that had no finance department and then implement it and help transition it into the new company. I have about 5 employees under me.
It has been a good, all encompassing experience in terms of finance, management, etc. The main reason I did it is because now I can put on my resume I helped build a strong finance department from scratch. This gives me a ton of leverage in moving up in the company for pretty much any division I want. If I choose to leave, I can also do so because of the immense experience I have acquired from this.
For your purposes I would continue grinding forward and see if you can get into a rotational program or possibly jump ship in the company. If you can't, get a MBA to re-brand and then jump ship to a better opportunity. I don't know why but it really seems like you are working for something similar to an enterprise rent-a-car.
Go with option two. Even if the above poster is correct (Enterprise) realize that coming from a top feeder program will go a long way towards getting you into a good school. What do you want to do long term?
I have really enjoyed the project aspect of my current roll and therefore am leaning more towards consulting, long term I would love to be apart of the strategy group of a F500, CapitalOne has a few but with my current career path, I have a better shot of winning the Lottery.
When a F500 company, known for building leaders, calls me and offers a management position to move me from Middle of no where Utah to Dallas Tx, I took it figuring if nothing else it would look good on my resume to be in management with a F500 should I proceed into Business School.
It sounds like you have positioned yourself very well
Life is all about timing.
Dallas > Utah for sure.
So as a Manager you have 16 associates?....Thats...unusual...
16 is plenty trust me do you think I should have more?
Line manger = phone agent manager analyst manager.
so True I thought this was apparent.
You seem like a nice guy, but it isn't an awesome idea to make a public post with the company and department you work in, especially when your user name appears to have your last name in it. Along with the school you listed, it took about three seconds to find you on LinkedIn.
You've only been at it for six months. Buckle down, get a few promotions under your belt, and take your time to figure out whether you like what you are doing now.
True I am not one to hide behind a fake screen name
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