#CareerChange #Finance #WealthManagement #FinancialAdvisor #CommercialBanking
Hey everyone 👋! I’ve been in corporate finance for 6 years now and I’m feeling a bit stuck in my current role. I started in general accounting and moved to a controlling team, but I’m just not feeling fulfilled anymore. 😕
I love investments and planning my own financial future, so I’ve been thinking about transitioning into wealth management, financial advising, or even commercial banking. 💼💰
Here are a few potential moves I’m considering to leverage my experience as a senior finance analyst:
– Get certifications: It seems like a lot of roles in wealth management and financial advising require certifications. Maybe pursuing the necessary certifications could open up more opportunities for me.
– Network: Building relationships in the industry could help me make the leap into a new role. Attending networking events or reaching out to professionals in the fields I’m interested in could be beneficial.
– Gain experience: If possible, trying to gain some experience in areas related to wealth management, financial advising, or commercial banking could make me a stronger candidate when making the switch.
Has anyone else made a similar career change in the finance industry? Any advice or tips would be greatly appreciated! Let’s chat about it. 🌟 #CareerAdvice #FinanceCareers
Just change jobs. You want to leave a cushy corp finance job for a sales job where most people don’t make it? I don’t get it. Look to go into another corp finance role, try FP&A, treasury, audit, or something else. With your accounting and controllership background you shouldn’t have a hard time transitioning and you’ll probably make more than 80k at the SFA level.
The view’s always greener from someone else’s corner office. Then again, if you’re not growing, you’re dying. Those long hours your bosses pull… that’s not a red flag. Work to live, don’t live to work.
Wealth Management/Financial Advising: It’s a different beast. More people skills, less ERP wrangling.
Commercial Banking: Your corporate finance experience could be a goldmine here. Banks love folks who can speak ‘big company.’
When it comes to compensation, $80k isn’t chump change, but it’s not golden handcuffs either. You’ve got wiggle room. Your senior analyst title is your sword. Sharpen it with some industry certifications (CFA if you’re masochistic, CFP if you like people).
Most “finance” jobs have zero to do with actual finance. It’s remarkable.
I’m reading that you need more purpose and meaning in your job. Perhaps look for employment where your career has meaning, such as working for a nonprofit that you find important. The non-profit industry pays comparable to for-profit companies, for the most part. I notice the nonprofit sector is less regulated than for-profit companies.
I am a Financial Analyst for a nonprofit company, and I really enjoy being creative with numbers. I work with several nonprofits on budgeting and utilizing their finances efficiently (totally fun for me!)
I believe my company is doing good things in the world, and I feel like my career has purpose and meaning. In other words, I’m doing my part (though a small part) in making the world a better place.
It’s just something to consider.
Good luck.
Well yeah of course a job in investments is going to be more interesting than corpfin
Certifications such as CFA or CFP can certainly enhance your credentials and open doors in wealth management or financial advising. Networking with professionals in these fields and exploring roles that align with your career aspirations will be beneficial. While compensation considerations are important, finding a role that offers fulfillment and growth opportunities should also be a priority. Best of luck in your career transition!