What career paths are available after working as an Audit Manager?

As an Audit Manager looking to transition to a new career, there are several promising opportunities across various industries. Here are some detailed options:
Internal Audit: Many companies seek Audit Managers to join their internal audit teams due to their ability to assess risk and compliance. This role can often lead to senior-level management positions within the company.
Financial Analyst or Controller: With a strong financial background, an Audit Manager can move into financial planning, analysis, or controller roles. These positions leverage skills in budgeting, forecasting, and financial reporting.
Consulting: Many former Audit Managers find opportunities in consulting, advising companies on risk management, financial compliance, and strategic planning. This path can lead to roles in large consulting firms or independent consultancy.
Risk Management: Specializing in risk management is a natural progression, where an Audit Manager can use their skills to identify, assess, and mitigate risks within an organization, often leading to Chief Risk Officer roles.
Compliance Officer: Organizations require professionals who understand regulations and can ensure adherence. Audit Managers are well-suited for roles in ensuring regulatory compliance and establishing internal policies.
Corporate finance: Transitioning to corporate finance roles, such as mergers and acquisitions, capital budgeting, or treasury management, is also viable, leveraging expertise in financial assessments and analysis.
Operational Roles: Sometimes Audit Managers transition to broader operational roles, using their skills to improve processes and efficiencies within organizations, potentially leading to roles as COO or other executive positions.
Entrepreneurship: With the skills acquired as an Audit Manager, starting a business or becoming a financial advisor or consultant is also an opportunity. Many use their expertise to help small businesses with financial planning or internal controls.
Non-Profit Sector: For those looking to make a social impact, roles in financial leadership within non-profit organizations, where they can apply their skills to create value in a mission-driven context.

These opportunities reflect the diverse and transferable skills gained through a career in audit, allowing former Audit Managers to pursue various paths that align with their interests, goals, and expertise.