Join our investing community

Career Advice needed

Discussion in 'Introductions' started by Apocalypto, 10th Feb, 2008.

  1. Apocalypto

    Apocalypto Member

    Joined:
    17th Dec, 2007
    Posts:
    9
    Location:
    Melbourne
    Hello everyone,

    I am fund accountant about to complete my CPA in June 08, have been working as an fund accountant for over 3 years now , overall i've been in the financial services industry for around 6 years (including 1 year as a para planner!),

    But now i've been provided with the opportunity to become an investment analyst and that is something that really interests me and ive specialised finance qualification aswell, but am finding it real hard to make the decision - cause ive already got about 3 years experience in accounting and there is good possiblity of me becoming a financial controller in 3-4 years time, but my interest lies in analysis and modelling but i don't really know what sort of future opportunities will that open up? should i take it up the new job or stick to accounting :confused:

    If the economy stops growing for the next few years would be there demand for analysts? Accounting is a safer occupation in that sense as statutory accounts still have to made wether a company makes a profit or a loss :D

    will appreciate any help!!
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Apocalypto,

    Personally I think you should do what your interested in and enjoy doing.
    It's made me always be stress free going to work as I don't see it as going to work for the sake of it, I've never had to bitch and moan about how much I don't want to go to work either.

    Saying that the remuneration as a financial controller is generally better than investment analysts. Also, natural progression from financial controller is to managing director.

    Good luck,

    Dan
     
  3. Apocalypto

    Apocalypto Member

    Joined:
    17th Dec, 2007
    Posts:
    9
    Location:
    Melbourne
    I guess it'd take plenty of years to make the jump from financial controller to a managing director? but it sure will be a great jump!

    I am not really sure what sort career progression can an analyst have, and i wonder if it could lead me into a stockbroking firm? (hoping Dan can throw some light on that one )

    any analysts here? i gotto make the decision by tuesday :eek: Not sure who else can help me with that but i thought this is a great place for some advice !
     
  4. tailcat

    tailcat Well-Known Member

    Joined:
    18th Jun, 2007
    Posts:
    96
    Location:
    Yeppoon
    Apocalypto,

    Spend tomorrow looking hard at both options (good and bad points).

    Then STOP analysing, watch a movie or something to get it out of your head and go to bed without thinking about it. When you wake up on Tuesday ask yourself "which one should I take?" and go with the answer you `feel'.

    Tailcat
     
  5. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Apocalypto,

    Not sure how long it would take you to move from an FC role to MD role, certainly if you have the drive to be a MD, after a few years you could either take over as MD or look for other MD roles at other companies :p

    The analyst role certainly would lead you into stockbroking/funds management industry which can be rewarding as well.

    I'd follow TailCat's advice, relax and then choose what you want to do.

    Cheers,

    Dan
     
  6. Aimjoy

    Aimjoy Member

    Joined:
    13th Jul, 2007
    Posts:
    21
    Location:
    Central Coast NSW

    Apocalypto, the choice seems to me to be remain in the safe zone or go with the dream of investment analyst that really captures your imagination.
    Most of us have faced this same decision at one time or another. My advice - go with your dream (heart) and live it.....you can always come back to the safety of accounting if you need to retreat.
    Don't get old and live with the regret of what could have been :)

    Just do it....and of course it feels uncomfortable......its supposed to!

    Aimjoy
     
  7. Apocalypto

    Apocalypto Member

    Joined:
    17th Dec, 2007
    Posts:
    9
    Location:
    Melbourne
    I finally took up the job and am glad i did!

    Thank you for your advice AsxBroker, Talicat and Aimjoy, it really did help me clear my mind.

    Besides that, this is the most productive forum i have come across so far. Cheers to everyone who contributes here.


    Regards,

    Apocalypto.
     
  8. The Stig

    The Stig Well-Known Member

    Joined:
    3rd Dec, 2007
    Posts:
    190
    Location:
    Central Coast NSW
    Congratulations on the new job.
     
  9. Apocalypto

    Apocalypto Member

    Joined:
    17th Dec, 2007
    Posts:
    9
    Location:
    Melbourne
    I thought it would be appropriate to bump this one.

    I took the Analyst role and was made redundant last month :(!!!! So the fear has come true, back into accounting. sukks as my career has no structure anymore.
     
    Last edited by a moderator: 9th Nov, 2008
  10. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Apocalypto,

    Sorry to hear the news.

    Don't forget that there can be many different roles in the field of accounting, so you can specialise in an area which you choose.

    Let us know how it pans out.

    Cheers,

    Dan
     
  11. dmale69

    dmale69 Member

    Joined:
    22nd Sep, 2007
    Posts:
    17
    Location:
    Melb, VIC
    the flipside is that if you didnt give it a shot, you may have never known..

    all the best.