Should I give up looking for a finance job?
I graduated with an Accounting and finance degree from a reputable college in Pakistan. I moved to the States after my bachelor’s and I am a permanent resident. Currently pursuing an MBA with a concentration in finance from a okay school in Texas. I have worked in Accounting for a about 2 years just because it was easier to get an Accounting job and I was in need of money after I moved to the states. Recently I realized that my true passion is in Finance and also that I do not enjoy working as an accountant as there is basically no intellectual stimulation whatsoever. I have been applying in Finance for a couple of months now but all I have gotten so far is rejections and not even a single interview. It has put me in a state of depression as I have never really failed at anything so bad.
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I realize that I do not have the best choice of schools but am I not even good enough for an Analyst role at a small or mid-sized company?
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Should I give up my dream of moving from accounting to finance?
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Will pursuing a Master’s degree at a top school and drowning in student debt help?
As someone who is passionate about finance and looking to transition from accounting to finance, these questions are likely on your mind. It’s essential to consider all your options and make the best decision for your future career. If you can relate to these struggles, share your thoughts and advice in the comments. Let’s discuss and support each other in this challenging journey.
One response
Answer:
It’s completely understandable to feel discouraged after facing a string of rejections in your job search. However, giving up should not be your first course of action. Here are some steps and considerations you can take to improve your chances of landing a finance job:
Reevaluate Your Approach: It may be helpful to reassess your job search strategy. Make sure your resume and cover letter are tailored to highlight your relevant skills and experiences in finance, despite your current Accounting role. Look into networking opportunities within the finance industry, such as attending career fairs, industry events, or connecting with professionals on platforms like LinkedIn.
Gain Relevant Experience: Since you have some experience in Accounting, see if there are any transferable skills that you can highlight for a finance role. You could also consider taking on additional courses, certifications, or internships in finance to build your expertise and make yourself a more competitive candidate.
Consider Entry-Level Roles: If you are struggling to land analyst roles, it might be worth exploring entry-level positions within finance to gain a foot in the door. These roles could provide you with the hands-on experience needed to eventually move into more advanced positions.
Further Education: Pursuing a Master’s degree from a top school can certainly enhance your credentials and open up more opportunities in finance. However, it’s important to weigh the cost of tuition against the potential benefits of increased job prospects and salary in the future. Consider researching scholarships, financial aid, or part-time programs that can help reduce the burden of student debt.
Seek Mentorship: It could be beneficial to seek guidance from professionals in the finance industry or career advisors to get personalized advice on your job search and career transition. They may be able to provide insights, connections, and support to help you navigate this challenging time.
In conclusion, it’s not time to give up on your dream of transitioning from Accounting to finance just yet. By reassessing your approach, gaining relevant experience, considering entry-level roles, furthering your education strategically, and seeking mentorship, you can improve your chances of breaking into the finance industry. Stay persistent, stay proactive, and remember that setbacks are a natural part of any career journey. Good luck!