Hoping for some helpful advice here and thanks in advance.
I’ve been in audit for ten years now, based in Vancouver. I didn’t know too much about different career paths back in the day but subsequently learnt about pathways that are more appealing to me, primarily strategy consulting and certain careers in finance.
I have the CPA designation and am a CFA charterholder. The Partners who are my mentors encourage me to hold my ground and continue in audit as they anticipate I could make Partner in the next 4-5 years. However, the pay during that window will flatten out and while I don’t dislike it, I’m not sure the work is the most fulfilling.
From multiple conversations I have had with consultants, I feel that I will enjoy it more. I was invited to an MBB networking event and have a referral already that should hopefully result in an application invite once recruiting opens up again, so until then I’m at a standstill.
Last year, I applied for an MBA but didn’t go through with it due to COVID. The reps at MBB emphasized that at this point I don’t really need an MBA, and that I should apply based on my specialized financial services experience (I audit FIs). I feel like something is missing if I try to apply without an MBA, especially upon review of everyone’s impressive LinkedIn profiles.
The questions for me now are:
1) Do I give up on the MBA given I have a family and the opportunity cost is quite high? Is an EMBA a useful option (granted not for recruiting, but just to have it given most peers seem to have it)?
2) Do I continue with my career in audit and aim for Partnership, or is it still worth exploring a career switch into consulting or something else that I can be qualified for (I am assuming that excludes private equity, venture capital, and tech).
Background: 10 years in audit, based in Canada, comp 135-140K inc. bonus in Canadian dollars. Any thoughts are welcome.
#audit #consulting #managementconsulting #careeradvice #transition m
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