Senior Financial Analyst Increased TC Consistently but Needs Direction
Sorry for the long post. Thanks for those that get through it. I believe there is a lot of useful TC info as well. Based in Los Angeles… 1st Job for 1.5 years – Analyst, Finance and Corporate Development in TV Production Industry, closed 6 M&A deals. TC 50k Laid off…didn’t work for 8 months. Covid related. 2nd Job for 9 months – Analyst, CorporateFP&A at niche company(services laundry machines) but leader in field. TC 75K 3rd Job for 5 months – Senior Financial Analyst in Media, TC 100K all cash Laid off…Got the two offers below but turned them down. Partly because I got a bad feeling from the team, and mostly because I decided I’m particularly determined to work in the entertainment/media/tech at a brand name. • A. SFA at Technology Company – TC 129K first year. 105k base, 35k equity/4 years, 5k sign on, 10% target bonus • B. SFA at Internet/Media Company – 105k base, 10% target bonus, 5% pension Instead of taking those offers, I am currently working as a contractor… Senior Financial Analyst – Consultant. My rate is 55/hr, guaranteed 40 hours with good WLB and my manager knows I’m just doing it for the money and don’t want to convert to FTE with them. Anything over 40 hours is time and a half. My ideal role was finance at Netflix, but they went with someone more experienced after final round interviews. I am currently interviewing for contract roles with Apple and Disney. I typically get considered for FP&A roles. Sadly companies rarely consider me for Strategy/Corp Dev since investment bankers get priority. I am trying to decide if contract roles are worth it. How do they look on a resume? I feel like I could benefit from some brand name recognition, and after my bad luck with other companies, I think contracting for clients could be a good idea for the next 6-12 months. Any suggestions? Thank you!! #corpfinance #finance #fpa
Thanks for that context. Do you work in finance at Disney? How do you like it? I’d be willing to take a pay cut if it was good experience and brand name, since I think it could help me in the long term. I’ve worked with recruiters told me Disney wouldn’t consider me if I don’t have SAP experience, although I’ve worked with many systems.
Would you mind if I messaged you please?
Get your MBA
Is that what you did? In my opinion MBAs are only useful if you go to a top 10 school, you get someone else to pay for it, and/or you’re using it to pivot industries.
Yes- I was in a similar spot as you - bounced around a bit for comp reasons and got my MBA, now I’m making $100k more. About to switch to product and that will get me another $80K bump. Mba wasn’t cheap ($120k) but easily has already paid itself. It’s easily increased my earnings power by $100k/yr
Know first hand you’re gonna be working way more than 40 hours a week, that pay is high for a reason I did it a few years for a San Fran based company remote and I got burned out
Yeah that’s a good point, typically teams are lean and it can be a lot of work. But if processes are set up or you invest in automating things, then it’s usually just worse around close?
I know titles mean different things at different companies, but my brother just got an sfa offer from Google $235k/yr
Caveat: he did MBA Dartmouth/Tuck
Is that just base?
Solid path. Bad luck tho, not your fault. Just gotta get a few years in at a relevant place to get into the FAANG/streamers
Yeah thanks for your response. I got to final round with Netflix twice but only had 1.5-3 years of experience. Will try some other brand name and then probably can be successful in 2 years
Are you in finance at WarnerMedia? How do you like it?
Start LC
Come to Amazon. SFA make 160-170K TC.
I actually went to an Amazon finance in person recruiting event 2 weeks ago, have tried to network and typically interview well and my resume gets past other companies without referrals, but can’t even get an interview with them for some reason.
Know someone who got SFA offer for 195k based in new york.
Total YOE?
About 3 Years