Considering a Career Shift to finance in Europe
Hey everyone! I have some thoughts I’d like to share.
I’m about to graduate with a Bachelor’s degree in aviation, but I’m not confident that a lucrative salary awaits me, even if the field seems interesting. While I initially planned to pursue finance, I’ve realized that I’m not particularly passionate about it.
Now, I’m contemplating a shift to the finance sector. I’ll be turning 23 soon, and my plan involves pursuing a second Bachelor’s in finance back home, aiming for top grades and taking advantage of Erasmus opportunities.
After that, I would apply for Master’s programs at some prestigious schools in Germany (which would be free for me) or the UK. By the time I graduate, I’d be around 28 or 29. Ideally, I would have gained some work experience along the way in various banking roles or at a Big 4 firm.
My goal would be to secure a finance position in Frankfurt, hopefully starting at a salary of €50k or more.
I have a few questions:
1. Does age matter in this field?
2. Will employers be concerned about my transition from aviation to finance?
3. How do my chances look for breaking into private equity, investment banking, etc.?
Thanks for your insights!
One response
It’s great that you’re thinking critically about your career path and exploring different options! Here are some thoughts on your questions:
Does age matter here?
In the finance field, age is generally less significant than your skills, experience, and educational background. Many people transition into finance from different fields and start their finance careers later in life, so being 28/29 years old when you graduate is not a barrier. Employers value the diverse perspectives that come from varied experiences.
Will people care that I pivot from one field to another?
While some employers may look at your background, most will be more focused on your relevant skills and achievements. If you can demonstrate your motivation to learn and adapt, as well as display any transferable skills from your aviation degree (like analytical thinking, problem-solving, or teamwork), you can effectively communicate your value to prospective employers.
Would my chances at Private Equity/IB etc. be pretty high still?
Private equity and investment banking are competitive fields, but your chances can still be strong, especially if you target high-quality education and gain relevant internships or work experience along the way. Networking, securing internships during your studies, and getting involved in finance-related projects can significantly boost your profile. Being proactive in building your skills and connections will also help.
Overall, it sounds like you have a well-thought-out plan. If finance is where you feel you can thrive, go for it! Just be sure to stay curious, keep learning, and network as much as possible to enhance your opportunities. Good luck!