Advice Needed for Career Progression from Ops to Front Office
Hello Everyone,
I’m reaching out for guidance on how to advance my career and enhance both my compensation and the prestige of my work.
A bit about me:
– I recently graduated in Computer Science.
– For the past three years, I’ve been working with a hedge fund in Poland, primarily focused on ETD products and trading operations at a custodian bank that handles outsourced tasks for hedge funds.
– Currently, I’m enrolled in the CFA Level 1 program, with the exam scheduled for November 25.
– My long-term goal is to transition into a decision-making role where I can further develop my skills.
I’m open to any advice, and I’m willing to consider relocation.
I plan to complete the CFA within the next 2-3 years while continuing in my current position, after which I might look to move to financial hubs—potentially pursuing an MBA or a Master’s degree. However, as a recent graduate, I’m eager to make the best choices for my future.
Thank you in advance for your insights!
One response
Hi there!
It sounds like you’re in a great position to make strides in your career, and it’s fantastic that you’re being proactive about your development. Here are some suggestions based on your background and goals:
Complete Your CFA: Since you’re already enrolled in CFA Level 1, focusing on completing that should be a priority. The CFA will not only enhance your knowledge but also signal your commitment to the finance sector. Many employers view the CFA as a significant credential, especially for roles in investment management and decision-making.
Gain Relevant Experience: While working in trading ops and dealing with ETD products is valuable, consider seeking opportunities within your current organization that allow you to interact more with the decision-making processes. Ask to be involved in projects that require analytical skills or exposure to portfolio management. This will help you bridge the gap between ops and front office roles.
Network: Build your professional network by attending industry events, joining finance-related groups, and connecting with professionals on platforms like LinkedIn. Reach out to alumni from your university working in decision-making roles or in locations you’re considering for relocation. Informational interviews can provide insight and potentially open doors.
Consider Additional Education: Your thought of pursuing an MBA or a master’s degree is a good one, but timing is crucial. Many people choose to work for a few years before pursuing an MBA, which can be advantageous. Consider what skills or knowledge gaps you want to address through further education.
Explore Financial Hubs: If you’re considering relocating to major financial hubs, research which cities attract hedge funds or investment firms. Cities like London, New York, and Hong Kong have thriving financial sectors, but the cost of living is higher. Factor that into your decision-making.
Soft Skills Development: In addition to technical skills, decision-making roles often require strong soft skills, such as communication, analytical thinking, and problem-solving. Seeking mentorship or taking courses to develop these skills can be beneficial.
Stay Informed: Keep abreast of industry trends and developments, especially in areas relevant to the hedge fund industry. This knowledge can set you apart during job interviews and discussions with peers.
Be Open to Roles: Sometimes, moving into a decision-making position involves being flexible with the type of role you accept. Look for positions that might not be directly in your desired area but could provide valuable experience and insights.
Overall, remember that career progression is often a marathon, not a sprint. Keep focused on your long-term goals, and don’t hesitate to seek guidance from mentors.
Best of luck with your CFA and your career journey! You’re on the right path.