Just moved up to NYC, looking at other opportunities within the area. Been in banking/finance for 3-4 years, what other opportunities would be a good pivot move? Not looking to take a drastic pay cut but looking to explore options (100k min) Thanks!
TOP 19 Comments
- New / Product xzUE84Looking for more of the same or to switch industries? Were you front office? Back office?
- PE will pretty much be impossible and only really feasible if you go to MBB/OW/ATK/LEK/Parthenon (which may be hard to transfer back office experience unless you've done consulting before) doing M&A DD. If you want to do front office finance, you'll probably want to do your MBA and then get an IB offer
Consulting (Big 4 & Accenture) should be feasible provided you have good transferable domain knowledge. You may run the risk of having to restart from the bottom though. You may also end up in Tech Consulting vs business which, depending on what you're looking for, may not be much of an improvement from your current back office roleJun 4 1
- Agree with most of what GqwD11 says. Do not agree that you'll only have to stick to tech consulting. In consulting, everything depends on your transferrable skills. As an experienced candidate, they'll evaluate you and give you the option to choose based on your background and experience. Therefore it's very much possible that you'd be doing M&A consulting with a back office background from finance. Again, it's all about the fit and transferrable skills.
- @fin2tech, I think Big 4 is more likely to value the back office industry experience whereas MBB/primarily strategy houses prefer to just start with fresh undergrads or MBAs. MBB is going to be a lot more helpful if OP wants to go down the finance route, but you're going to restart your career as a generalist (unless you're an industry veteran). Big 4 will make more use of your existing knowledge when deciding your level in a particular practice/functionJun 4 1
- What's your overall yoe? And what is your primary role currently, you can possibly move into more front office/sales but it depends on your skillset and referrals etc. Sales at a quality company can easily put you over 100k, Bloomberg sales for reference usually 120k+
- Overall YOE is 2.5 years (was in rotational program), hopping between back/middle office roles in treasury and other businesses. Typical finance - FP&A roles, think pivoting - currently make about 110-112 all In. Trying to see what’s realistic pivot, open upward trajectory, and not looking to take drastic pay cuts now