I'm 24, just started a new job with the financial services segment of my employer (a large multinational). Prior to this, I spent 2 years right out of college with their industrial segment working on a variety of finance/accounting type roles...reviewing revenues and margin, forecasting performance, reconciling the balance sheet, that sort of thing.
The new job I just started with the financial services segment is similar in that I am preparing budgets, monitoring performance, and other special projects as assigned (although this is all for leases and loans, versus industrial equipment in the past). Although I like this segment a lot better than the last one, the particular role I'm in is not very exciting, I feel like I am not very close to the "action" and a lot of the financial reporting I have to do is the result of misguided requests from corporate, not reporting that actually helps run the business. I really like working in excel and dealing with quantitative processes, but I want my efforts to have an impact on the business - right now I feel like I am mainly just a beancounter/accountant rather than part of the operations.
My question to the board is - how difficult will it be for me to jump from my current role to one in credit analysis/risk management or underwriting from where I am now, once I have a year or two of experience? I am debating whether it is worth putting up with my current job for a year or two in the hopes of making a switch within the company (which I am pretty happy with overall), versus starting to look for an opportunity in one of those functions outside the company.
Another wrinkle is the possibility of doing a part-time MBA starting next year, with my employer picking up the bill ($70k over 2 years). It would be at a top 50 school but not a top 10 school. Would I be better served by going to a full-time MBA program at the same school (I have no desire to relocate to an ivy, even if I could get in) given the lost wages and tuition is another $70k? I'm not looking to change functions because I expect a much bigger payday, I just think the work is more interesting. I have a hard time justifying the "investment" in a full-time MBA from a financial perspective. Will getting the part-time MBA help me move within the financial services industry?
The new job I just started with the financial services segment is similar in that I am preparing budgets, monitoring performance, and other special projects as assigned (although this is all for leases and loans, versus industrial equipment in the past). Although I like this segment a lot better than the last one, the particular role I'm in is not very exciting, I feel like I am not very close to the "action" and a lot of the financial reporting I have to do is the result of misguided requests from corporate, not reporting that actually helps run the business. I really like working in excel and dealing with quantitative processes, but I want my efforts to have an impact on the business - right now I feel like I am mainly just a beancounter/accountant rather than part of the operations.
My question to the board is - how difficult will it be for me to jump from my current role to one in credit analysis/risk management or underwriting from where I am now, once I have a year or two of experience? I am debating whether it is worth putting up with my current job for a year or two in the hopes of making a switch within the company (which I am pretty happy with overall), versus starting to look for an opportunity in one of those functions outside the company.
Another wrinkle is the possibility of doing a part-time MBA starting next year, with my employer picking up the bill ($70k over 2 years). It would be at a top 50 school but not a top 10 school. Would I be better served by going to a full-time MBA program at the same school (I have no desire to relocate to an ivy, even if I could get in) given the lost wages and tuition is another $70k? I'm not looking to change functions because I expect a much bigger payday, I just think the work is more interesting. I have a hard time justifying the "investment" in a full-time MBA from a financial perspective. Will getting the part-time MBA help me move within the financial services industry?