Challenges in Transitioning from Public Accounting to Industry
As an experienced staff auditor, I’m looking to make the leap into industry Accounting. I’ve been actively applying and interviewing with several companies, but I’ve encountered a common roadblock: many of them seem to perceive my lack of industry experience, particularly with ERPs and related systems, as a drawback right from the first interview.
Am I underestimating my skills as an auditor? Is it inherently challenging to move into industry roles? It often feels like those interviewing me view Audit purely as a compliance function, overlooking the critical thinking and analytical skills that the job entails. I’ve made a conscious effort to avoid jargon from the Audit world and emphasize how my public Accounting experience can be an asset as a staff accountant, despite my lack of direct industry experience.
I found that interviews with managers who also have backgrounds in public accounting tended to go more positively, which makes me question if my experience is being undervalued. Initially, I believed that the path from public Audit to industry would be filled with opportunities, but now I’m starting to wonder if I’m not effectively showcasing my value in interviews. I’d love to hear from others who have successfully transitioned from public accounting to industry. Any insights would be greatly appreciated!
One response
Transitioning from public Accounting to an industry role can indeed be challenging, and it’s not uncommon to encounter hurdles along the way. Here are some thoughts that might help you navigate this process:
Highlight Transferable Skills: While it sounds like you’ve been trying to convey your strengths, it’s essential to really emphasize how your skills from auditing can translate into the industry. Focus on areas such as analytical thinking, problem-solving, and the ability to assess internal controls, which are highly relevant to industry roles, even if they’re not immediately obvious to hiring managers.
Industry-Specific Knowledge: Many companies look for specific industry knowledge, including familiarity with specific ERPs or financial processes that are unique to their sector. It might be beneficial to invest some time in learning about relevant ERPs and industry standards. Online courses or certifications could help bolster your resume and show your commitment to making this transition.
Networking: Engaging with professionals who have made a similar transition can provide insights and potentially lead to job opportunities. Consider attending industry networking events or joining professional organizations. A recommendation from someone in the industry can carry a lot of weight.
Tailor Your Resume and Interview Approach: Customize your resume for each position you apply for, emphasizing the skills and experiences that relate directly to the job description. During interviews, steer the conversation toward your problem-solving experiences and your ability to adapt and learn quickly, which can help counter some of the concerns about not having direct industry experience.
Consider Entry-Level Roles: If you’re struggling to secure interviews for mid-level roles, you may want to consider applying for entry-level positions in industry. This could provide a foot in the door and a chance to prove yourself in a new setting.
Patience and Persistence: The transition may take longer than expected, but don’t get discouraged. Many professionals face similar challenges when moving from public Accounting to industry. Keep refining your approach based on feedback and remain open to different opportunities.
In summary, you’re not alone in feeling frustrated, and it’s perfectly normal to find this transition difficult. Use this time to enhance your skills, network with others in the industry, and continue to adapt your approach to interviewing. Good luck!