08-03-2010, 11:23 AM | #1 |
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Need a New Job -
So currently I'm rocking the CPA profession. I more or less hate accounting. I will have my CPA license in a month and looking to find something new ASAP. Also I am thinking of taking the CFA come december. Do any of you have experience or suggestions in getting a Financial Analyst position?? Thanks guys.
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08-03-2010, 11:26 AM | #2 | |
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08-03-2010, 11:30 AM | #3 |
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I am already a CPA i graduated college w/ a accounting degree started at a big 4 firm and got my CPA (not that unheard of). I do not like auditing and prefer financial analysis/investment stuff so I want to transition. As of right now the CFA exam looks like a good option to get my foot in the door. Plus having your CPA is always a fall back plan, I'll always be able to get a job somewhere.
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08-03-2010, 11:42 AM | #5 | |
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i'm sitting in December....absolutely fantastic program.
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08-03-2010, 12:01 PM | #6 |
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Im finishing my CPA too. Hopefully ill be passing the last part here in October Anyways, I started in public accounting and hated it so I moved on to a corporate accounting tax manager position. I do the companies financials and taxes. I actually like it much more. Maybe worth a look. Either way good luck with everything!
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08-03-2010, 12:45 PM | #7 |
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Yep, I knew coming out of school with my accounting degree that I had no interest in being an auditor. I've been doing financial and business analysis since. It's been a great industry, and to be fair, having the CPA on your resume won't hurt. The CFA is certainly more useful, but you might also look into the CMA.
I've actually found that other certifications, like the PMP, make more of a difference, but it's one of those fields that you really can't be over certified. Entry level FA roles will usually be open to hiring accountants rather than finance majors, I prefer to hire accountants as they're usually a little more structured and I also work heavily in treasury and forecasting, and accountants seem to have an easier time with both. Find a good recruiter, or better, work your connections and see what you find, analysis has been relatively steady during the down turn in the economy, you should have luck finding a good fit, and with your background, you should have an easy time making a good, quick impact. |
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08-03-2010, 01:02 PM | #9 |
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...thanks for the great input, do you got an application??
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08-03-2010, 01:32 PM | #10 |
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My economics teacher once said if you become an accountant you fail in life.
Sorry, not much less to add. Good luck.
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08-03-2010, 02:56 PM | #11 |
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Maybe try to steer your career into investment banking/trading?
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08-03-2010, 03:48 PM | #12 |
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CFA is definitely worthwhile. However, figure out what you want to do before starting to study for it. CFA + no applicable work experience doesn't always work out. I know people who started studying for their CFA straight out of college without even having a job, then landing a job as an admin. They're still stuck in that position. CFA doesn't guarantee a foot in the door if you have no applicable experience to the position you're applying for (ie, we turned away someone who obtained their CFA designation at 25, but has no relevant experience).
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08-03-2010, 04:08 PM | #13 | |
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CFA is good, I know a lot of people in my profession that add a CFA designation to their FSA and it helps a ton! I personally think CFA is much more useful than a CPA. Sounds like a good change to me. What matters most is that you enjoy what you are doing!
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08-03-2010, 05:41 PM | #14 | |
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You also need four years of relevant work experience (which must be approved my the CFA institute) before you can receive the charter and the right to use the designation.
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08-04-2010, 09:10 AM | #15 |
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thanks for the advice guys. I definitely want to take the Level I at least b/c i think it will at the minimum benefit my personal investing choices. Also i think it will at least show a prospective employer im serious about the transition out of public accounting. This is what i wanted to do out of college but unfortunately only job i could land was big 4 accounting, which all in all is not a bad place to start your career.
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08-04-2010, 05:19 PM | #16 |
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Depends what you want to do.
Investment banking or investment related, etc. - go the CFA route. Corporate finance/taxes, etc. - no CFA necessary, many companies think very highly of the CPA/big 4 combo and most people end up making this jump. The CFA won't really add much to what you already have. |
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