What is the best route for re-entry into the world of finance?
I have a Political Science degree and Masters in Education Policy from top public and private schools, respectively. I worked for Schwab 10 years ago as a rotational associate for one year, managed a franchise and was the top salesperson nationally, and owned my own business for a couple years. I have decided to return to finance and I am unsure if I should apply for an associate or analyst position. I do not have an educational background in finance and I would be uncomfortable answering technical finance questions. I feel I can learn fast and have succeeded in almost everything I have attempted. Can anyone tell me the best route for re-entry into the world of finance? I would like to pursue opportunities that would provide training.
MBA
MBA is definitely the way to go.
Thanks...Until I can get an MBA...what's the best bank to work for? Which has the best training program for someone with my background? I am open to any ideas....thanks
Start learning those technical concepts
I would agree that the MBA would be your best option. Is there any reason why you can't go for the MBA next year - in other words, you said "until I can get an MBA" which sounds like you aren't planning to apply yet?
Regardless of reason, if you aren't planning to pursue an MBA yet, you will definitely have some difficulty and will definitely want to brush up on the technical concepts - finance and accounting and become much more comfortable with them. At this point, I wouldn't be gunning towards 1 bank or another or 1 training program or another - instead, I would really focus on breaking back in, then if you want to advance or move around, either try internally or pursue an MBA at that point. You aren't in the best position to be picky, so you should reach out to your network, headhunters, and go through the general application processes trying to get your foot back into the door. Learn or refresh the technicals on your own and try to be prepared to hit the ground running - this will also show your commitment to getting back in. Good luck.
If you owned your own business (and were semi-succesful) after an MBA (from what ive heard here) you have a great shot at VC or PE and def have a greater shot at IB.
right ... if you were the top sales person nationally for schwab i doubt you would have any trouble getting back into that role ...
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