Exploring FP&A with No Job Experience
Hi everyone! I’m a 21-year-old Economics and Business student, set to specialize in finance next year. However, I believe that for students in the CEE region, gaining practical skills is often more crucial than just focusing on specialization.
I’ve spent nearly a year in IT sales, but now I’m considering a shift into finance, specifically aiming for an entry-level FP&A position. I’ve come across information suggesting that entering this field without prior experience can be quite tough. As a result, I’m actively seeking ways to build the necessary skills through online courses or other valuable resources.
I know that nothing can fully substitute for hands-on experience, but I want to ensure I have a strong understanding of the fundamentals and show future employers that I’m committed to self-improvement.
So, I’d love to hear your recommendations for any courses on platforms like Udemy or Coursera, or any other resources that could be beneficial!
P.S. Unfortunately, universities in Croatia often do not equip us with practical skills that are useful for our careers.
One response
It’s great to see your proactive approach towards building your skills for a career in finance, specifically FP&A (Financial Planning and Analysis). Transitioning from IT sales to finance is definitely feasible, especially if you leverage the analytical and communication skills you’ve gained in your current role.
Here are some recommendations for online courses and resources that can help you develop the necessary skills:
Introduction to finance and Accounting: From the University of Pennsylvania, this course provides foundational knowledge in finance and Accounting principles.
Udemy:
FP&A: Financial Planning & Analysis Fundamentals: This course specifically targets FP&A concepts and practices, making it highly relevant to your interests.
edX:
Finance for Everyone: Smart Tools for Decision-Making: Offered by the University of Alberta, this course covers essential concepts of finance and analysis.
YouTube: There are numerous channels that provide valuable content on financial analysis, Excel skills, and financial modeling. Channels like “ExcelIsFun” or “Corporate Finance Institute” can be particularly helpful.
Books: Consider reading “Financial Planning & Analysis and Performance Management” by Jack Alexander, which can give you deeper insights into the field.
Networking and Practical Experience: Join finance-related student organizations, participate in finance or case competitions, or look for internships—even if they are unpaid. Networking through LinkedIn or local finance meetups can also provide valuable connections and opportunities.
Certifications: Consider pursuing certifications like the CFA Level 1 or a Certified Management Accountant (CMA) designation, which can enhance your resume and knowledge base.
Ultimately, while acquiring knowledge through courses is important, try to find opportunities to apply what you learn through projects, internships, or even simulated case studies to build your portfolio. Good luck on your journey into FP&A!