BO -> ???
Currently I am a year out of a non target in NJ with a degree in Finance and am currently working as a “Junior Accountant” for a Revenue Cycle Management (RCM) company in NY/NJ/PA. I work under the Controller and CFO here and am surrounded by the CEO, President, COO etc etc. My basic day to day is handling most of AP and some administrative work here and there. Long story short, I fucking hate it. The job in itself isn’t stimulating and to be flat out honest, there really isn’t any room for growth here. I accepted the gig knowing that some accounting and being around execs could be a good start to my career but it’s been stagnant. I would like to add as much value to myself in the coming months to latter into a role that will be a better op. I started looking at this site a few months back when I first started this gig and it really made me do some reflecting. I have no regrets with the past but refuse to settle for mediocrity. I refuse to settle and this situation has motivated me to get the fuck out. Any advice, tips, even jokes would be helpful. Thanks Monkeys.
One at time folks
Isaiah_53_5 💎🙌💎🙌💎 Restless financeabc Stonks1990 your input would mean the world.
I would work on developing glowing recommendations for an MBA, developing leadership skills and experience, and then crushing the GMAT or GRE to get into a T10 MBA program and your options will open up from there. GL.
Thank you Isaiah. Good luck in the tournament🫡
Legitimately thought this was going to be about body odor.
You should pick a path and pursue it. What do you want to do for a career? If you want to be in accounting, you can take the CPA exams to become more marketable, if you want to work in investment analysis, you can the CFA exams.
I want to pursue a career in finance and really only picked this gig up to make myself marketable with having some accounting experience now. I think I’m going to go for the CFA exam as a start. Also been following you for a bit and love your posts.. thank you Sir
That's not an answer. In WHAT? HF? PE? IB? Consulting? Corp dev/strategy? AM? WM? There's a TON of different options and picking one closes off others. Being indecisive makes it harder to pursue any of them, especially with your background.
It really doesn't make you that marketable, you'll likely be gunning for entry-level spots in all of the aforementioned verticals if those are what you choose to pursue.
Why CFA? Do you want to work in asset management? It's not a useful certification for most of finance and its importance/credibility is waning with each passing year. Could definitly be helpful given the non-target/non-traditional background but ONLY if you're trying to pursue a career in specifically asset management/wealth management/HF (less so than the others).
I encourage you to be thoughtful about which career path(s) are most appealing to you and why, then concentrate your efforts there. WSO has a bunch of useful resources you can find for most of them if you're specific.
1. Career in "finance" is too broad. More precisely, what it is? Wealth Management, IB, Equity Research, etc.
2. Once you pick the career that really interests you read as much as possible about it, look up at people on LinkedIn what they did that you could replicate somewhat (certifications as the CFA, some companies that they worked at, etc.
3. Expand your knowledge. Meet with people from the industry you want to work and try to show your interests on what they do. Reading a lot about something as said in point 2 will help you show that you're really interested in it and could increase your chances of being refered.
4. Maintain connections and try to establish more recurring meetings with people from point 3 until you build some stronger connections and they could put a strong referral on you for what interests you.
5. Study for the GMAT. It will help you way more in life than the CFA. Even if you think the CFA may help you in equity research or something like that you're mistaken, the MBA guy will get the ER role and not you.
6. Go for a MFin at some schools. Look around here at WSO what schools offer it. If planning ti apply, try to do a SA before the MFin so you can then start FT after graduating.
7. Keep putting effort on your current role, you'll probably need those people for recommendation letters, referrals, etc. so push it a bit more knowing that soon you'll be leaving it.
8. If I'm desperate I would take a BO role in a bank or a financial firm and after some years try to move internally to fome finance role, but this is risky and it may take 2-3 years.
Networking you can start this month, but GMAT/MFin expect to put effort for 2/4 more years unless you network so well that you get something faster. From the bright side, despite it looks a lot, it's better to put an effort even 4 years instead of working on receivables for 30/40 years
godspeed
Restless, thank you sir. I’ve been keeping up with you for the past few months and I gotta say, nothing but respect. I really appreciate it
Going the GMAT route is only useful if you can get into a good school. An MBA from a mid school is not worth much.
Laudantium itaque incidunt sed iusto rem. Inventore voluptatum corrupti et accusantium quo. Accusantium ut voluptatem in modi id recusandae.
Nihil fugit inventore velit nihil neque veniam. Vitae molestiae accusamus consectetur reiciendis est magni asperiores. Molestiae corrupti excepturi voluptates sit et optio ut. A non ut animi quia voluptate. Repellendus atque non dolores blanditiis. Incidunt et qui consequatur quia rem quo adipisci.
Eveniet voluptatum consectetur officiis assumenda et. Nisi unde et facere qui consectetur pariatur in. Doloremque eum dolores nostrum similique. Omnis tempora tempora et quasi qui. Et odit veniam est sit eligendi asperiores.
Sit ut inventore ut est at. Porro voluptatem sit veritatis dolores perspiciatis laudantium adipisci. Aut aut minima sequi quos et dolorum. Fugiat quod consequatur ipsam dolorum aperiam exercitationem quam. Incidunt commodi assumenda voluptate fuga dignissimos voluptas itaque aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...