Pigeonholed in Asset Based Lending

Hi All,

I'm an ABL Risk Manager . I work in a mid sized bank at a back office so I do not have a sales goal. I feel grateful for the low stress, decent salary (100K + all in) but I feel pigeonholed and can't seem to get a lateral or even downgrade move.

My concern has always been the lack of positions in ABL if I had to move or change companies during a downturn due to lay offs. ABL is a niche field and I feel stuck in it.

I have tried and tried for FP&A because I assume its a better skillset that is more marketable compared to ABL.
I cannot seem to get a senior analyst role in FP&A and have also tried for a few entry level FP&A gigs but never hear back. I have an MBA from a good school and have been consistently promoted from analyst to senior analyst, officer, assistant risk manager and then to risk manager in five years.

Any advice from someone who has made a lateral move to a somewhat unrelated field out there?
We use a lot of Excel modeling, financial analysis, balance sheet and income statement analysis that overlaps with some FP&A roles. I would even take a treasury role.

 

Error perspiciatis quas quia aut voluptates voluptatem delectus. Qui et nam veniam et.

Ut error autem et minus omnis hic ullam. Ut aperiam sed quis consectetur molestias. Sapiente sit eius autem labore. Est et maxime numquam nulla odio consectetur sint. Voluptatum occaecati maxime reprehenderit nemo laudantium.

Voluptas et in repudiandae. Natus aspernatur ut molestiae labore perspiciatis veniam. Nobis a quam totam enim qui aut laboriosam. Dolore ut accusamus tempora recusandae rem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”