Transition from corporate FP&A to ER
Hi, I graduated with a local uni Accountancy degree (FCH) and worked at a corporate FP&A role for just a little over a year now. Doing budgeting & forecasting, simple financial models and financial statement analysis etc.
My current company is quite small, progression is slow like a dinosaur, so I don't see myself having much opportunities beyond being promoted to a senior exec. The FP&A roles encompass a lot of accounting related job scopes like recon, etc because of its small size. I would prefer to be in a career where I am doing a lot of analysis, projections, forecasting etc. I have been seriously contemplating pushing myself further and get into high finance for more opportunities, specifically the equity research side. I am currently pursuing my CA and am wondering whether getting a CFA might be more relevant instead if I want to make this transition to ER. I am afraid I cannot commit to getting both CA and CFA at the same time, so am considering dropping CA. Is this is wise move? I understand to make a career change, it's gonna take quite a bit of effort, to network, and pursue CFA etc, but I might want to give it a try. Any tips on what are the odds of getting into ER for someone in my situation now? Do I drop CA and take the risk to pursue CFA? |
Economy will be doing badly for at least 3 years :(
If I were you, I would put off a career change until the economy begins to recover :( |
Yes I sense that job prospects are not that good outside now.
However for the time being do you recommend a pursuing CA or CFA or both? |
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I'm taking 2 CA SG professional module exams and CFA Level 1 this Dec, and have been trying to motivate myself to start studying since it feels slightly overwhelming. |
I did my cfa levels 1 and 2, tried to get into equity research a few years ago but didnt make it (not many opportunities available) so I continued with fp&a which isnt too bad too if you can slowly work your way up.
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My current company is a small local one and not growing so my FP&A is mostly limited to analysing variance... If I were to work my way up, perhaps I would need to gain more exposure in bigger companies like MNCs. |
yup moving up fp&a doesnt need cfa. Yup i had to move to a bigger company fp&a 2 years ago to develop career as i wasnt able to get into equity research. working in manufacturing all the way in different companies
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ER just has too few opportunities available
not worth the hassle |
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