Seeking Guidance on Breaking into finance After Completing an MBA
I recently discovered that many companies hire for entry-level positions that require candidates to be enrolled in an MBA program. Since I’ve completed my MBA a few years ago, I’m wondering what my options are for entering the finance field.
I have several years of experience in project management and client-facing roles, and I’m particularly interested in areas such as institutional sales, advisor consulting, product specialists, or investor relations. I’m open to any opportunities that could help me get my foot in the door, but I’m not looking for unpaid or commission-only roles.
I’ve tried brainstorming and using ChatGPT for ideas, but I would really appreciate any advice from those with experience in the industry. I’m genuinely curious and passionate about finance and am eager to explore this career path.
Thanks in advance for your help!
One response
It’s great to hear that you’re passionate about transitioning into finance! Given your background in project management and client-facing roles, you’re already in a good position to leverage your skills. Here are some steps you can take to break into institutional sales, advisor consulting, product specialist roles, or investor relations:
Networking: Start building connections in the finance industry. Attend industry conferences, seminars, and webinars. Join related LinkedIn groups or local finance clubs to meet people who work in your target areas. Don’t hesitate to reach out for informational interviews with professionals in those roles to learn more about their experiences.
Leverage Your Experience: Highlight your project management and client-facing experience on your resume. These skills are highly transferrable to finance roles, particularly in institutional sales and advisor consulting, where understanding client needs is crucial.
Consider Certification: While you may not need a certification, obtaining something like the CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner) can be beneficial. It not only deepens your knowledge but also enhances your credibility in the finance field.
Tailored Applications: When applying for jobs, tailor your resume and cover letter to each position. Focus on how your skills and experiences can add value to the specific team or company you’re applying to.
Start with Related Roles: Look for entry-level roles that might not be your ideal position but can get you closer to your goals. For instance, roles in operations, support, or analyst positions can provide valuable insights into the financial industry and help you build your network.
Be Open to Internships or Contract Work: While you mentioned you don’t want to work for free, consider short-term internships or contract opportunities that are paid. They can sometimes lead to full-time positions and help you gain relevant experience.
Stay Informed: Keep up with the latest news and trends in finance. Show your knowledge and enthusiasm during interviews. Read financial news, follow influential figures in the industry on social media, and consider subscribing to finance-related podcasts or publications.
Utilize Your MBA Network: Reach out to your MBA alumni network. Many alumni are willing to help fellow graduates with job leads or introductions within their companies.
Tailor Your Online Presence: Make sure your LinkedIn and other professional profiles reflect your interest in finance. Share articles, engage with industry content, and showcase your projects and achievements.
Persistence: Lastly, stay persistent and don’t be discouraged by initial rejections. The finance industry can be competitive, but with determination and the right approach, you can find the right opportunity.
Best of luck on your journey into finance!