How do you break into fp&a a couple years out of school from a career in credit risk?

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I think just reaching out to people, getting referrals or anything like that.
Though ngl I'm curious on why you want to make that jump? Credit risk is probably gonna be paying more than most FP&A roles

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I worked as an FP&A manager after 5 years of prior experience. I did two years of PE accounting consulting, 3 years of Portfolio Management and CRE investments at a REIT and then finally jumped into FP&A. My advice is, seek out the company you want first. Then, ping HR or FP&A employees on LinkedIn to connect. Tell them you are interested. Do not apply for a position above your FP&A level or you will drown. If you know statements well, BVA analysis, payroll models, SOX, forecasting, you're good.

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I think requirements and skill set largely depends on the company you work for. From my recent interview experience, there are expectations of having industry experience, advanced 3 statement modeling, etc. Some companies want that and others do not care.

My recommendation is to have an idea of what you want to be doing 5-15 years into the future and then work backwards. You could kind of look at some profiles on LinkedIn as a guide for where you want to be.

I did not have exact FP&A experience. My experience prior to working in FP&A was focused on operational finance, but I find that you can learn a lot of FP&A skills in the role itself.

You do not need an MBA to break into FP&A. It can certainly help. Having a CPA is also something to consider. Also, try to understand FP&A functions you would likely be doing, and kind of make similarities on your resume in what you're currently working on in credit risk. Lastly, I feel that a lot of people that work in FP&A come from a different job function. Doing a full-time MBA is nearly impossible while working. Also, having a work experience gap on your resume could potentially be questionable to hiring managers if not attending/graduating a top tier program.

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