Transitioning from B-School to a finance Career Without Prior Experience
Hey everyone,
Currently, I’m pursuing my Master in Management (MiM) and have a background in Operations at a FAANG company, although the pay was quite low for that caliber and was based in a developing country. Now, I’m in the EU.
Over the past few months, I’ve been actively applying for internships in finance, but I haven’t had any luck connecting with firms. I’m wondering how I can break into the industry. Is it really impossible for me to land a front office role? If so, what middle or back office positions would you recommend to help me get my foot in the door?
P.S. I’m based in France right now. Thanks for your help!
One response
Transitioning from a B-School to a front office finance role without prior finance experience can be challenging, but it’s definitely possible with the right approach. Here are some strategies to help you navigate this transition:
Leverage Your Network: Reach out to alumni from your B-School who are working in finance. Attend networking events, workshops, and seminars to meet industry professionals. Don’t hesitate to ask for informational interviews to gain insights and advice.
Tailor Your Resume and Cover Letter: Highlight transferable skills from your operations experience, such as analytical thinking, problem-solving, and project management. Emphasize any quantitative skills or coursework related to finance that you’ve completed in your MiM program.
Build Relevant Skills: Consider taking online courses or certifications related to finance, such as CFA Level 1, financial modeling, or Excel for finance. This can enhance your resume and show your commitment to transitioning into finance.
Look for Entry-Level Positions: While aiming for front office roles is great, don’t discount positions in the middle and back office. Roles in financial analysis, risk management, or compliance can provide valuable experience and facilitate a move to front office positions down the line.
Internships: Even if you don’t receive offers from finance firms immediately, continue applying for internships, even those labeled as “junior” or “assistant” positions. Sometimes, gaining any relevant financial experience can be a stepping stone toward your desired role.
Consider Smaller Firms or Startups: Larger firms often have stringent requirements for candidates. Smaller financial firms or startups might be more flexible regarding background and can offer a great learning environment.
Utilize University Resources: Your B-School likely has career services or partnerships with firms in the finance industry. Take advantage of these resources for job postings, career fairs, and resume reviews.
Stay Informed and Engage with the Industry: Follow financial news, attend webinars, and participate in online finance forums. This will not only give you valuable insights but also help you articulate your passion and knowledge during interviews.
Volunteer or Take Part in Projects: If feasible, consider volunteering for finance-related projects or organizations. This can provide practical experience and help you build your network.
Be Persistent and Open: The finance industry can be competitive, and it may take time to land your ideal role. Stay open to different opportunities and keep applying.
By strategically leveraging your existing skills, building new ones, and networking within the industry, you can increase your chances of breaking into finance. Good luck!