Transitioning to finance Early in My Career
I’m a 22-year-old recent grad currently working as a business analyst, earning a bit over $70K. However, I don’t see a clear career trajectory in my current role at my utility company.
I majored in finance and enjoyed classes like financial modeling, but I didn’t pursue any finance-related internships. After researching potential career paths, I’ve found that Financial Planning & Analysis (FP&A) aligns well with my interests. Unfortunately, I lack relevant professional experience in Accounting or finance.
I’m curious to hear if anyone else has been in a similar situation. I’ve come across advice suggesting to start with an entry-level financial analyst position focusing on budgeting and variance analysis and then work my way up. Any insights or experiences would be greatly appreciated! Thanks!
One response
It sounds like you’re at a crossroads, and it’s great that you’re considering a pivot to finance, especially since you have a background in it and an interest in fields like FP&A. Many have found themselves in a similar position, so you’re not alone!
Here are some steps you might consider to make the transition smoother:
Leverage Your Current Skills: As a business analyst, you likely possess skills in data analysis, problem-solving, and understanding business processes. Highlight these transferable skills when applying for finance roles, as they can be very valuable in FP&A.
Networking: Connect with professionals in the finance sector. Consider joining finance-related groups on LinkedIn or attending industry events and seminars. Personal connections can often lead to job opportunities that may not be publicly advertised.
Further Education/Certifications: Since you already have a finance degree, you might want to strengthen your resume with relevant certifications such as CFA or CPA, depending on your interests. Even online courses on financial modeling or FP&A can boost your knowledge and make you a more attractive candidate.
Tailor Your Resume: When applying for financial analyst positions, tailor your resume to highlight that you’ve taken finance courses, worked on relevant projects in your current job, or developed skills that are pertinent to FP&A.
Look for Entry-Level Positions: Don’t hesitate to look for entry-level financial analyst roles or internships, even if you are currently in a job. Gaining relevant experience, even if it’s a step down, can pay off in the long run.
Informational Interviews: Consider reaching out to people in the FP&A field for informational interviews. This can provide insight into what the role entails and can help you understand any gaps you may need to fill.
Skill Development: Familiarize yourself with tools and software commonly used in finance, such as Excel or financial modeling software, if you haven’t already.
Making a career change can be daunting, but with your finance background and analytical skills, you’re on the right track. Good luck with your transition to FP&A, and don’t hesitate to seek mentorship from those already in the field!