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- 2011-7-11
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- 2014-8-2
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It might help you get some credibility in order to transfer to a "financial analyst" role. The name isn't as important as the actual job description. "Financial Analyst" in corporate finance can mean anything from a glorified accountant role to working in FP&A or P/L analysis. Here's a quick description I found from a quick google search for "financial analyst":
# Assists in performing financial analysis including budgeting, trend analysis, forecasting, and financial modeling to provide information to management.
# Assists in collecting budget, forecast and other financial information to provide monthly/quarterly/yearly profit and loss numbers.
# Assists in analyzing budget, forecast and other financial information and recommends corrections of basic problems or inconsistencies to management.
# Assists in developing and maintaining financial statements using accounting and budgeting software in order to provide standardized reports to customers and management.
# May provide some financial training to employees in order to enhance their understanding and to assist them in completion of budgets and other financial analysis.
# Monitors and resolves problems and provides user organizations with financial reports.
It's not the more prestigious M&A type work in corporate finance, but it beats working in accounting forever. Besides, staying long term in a company can lead to doing some interesting stuff that accountants would never do.
I would recommend maybe taking a professional course in basic financial modeling to put on your resume. A few people I know in corporate finance have mentioned that the accountants they hire seem to struggle with the modeling aspect. The course might teach a few things and makes you look less accountingly (<---word I made just up). |
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