Accounting

Interviewing for a Senior Fund Accountant position tomorrow. Anyone know anything about fund accounting and career paths?

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works at

Dead end.

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100million is extremely small. With all the regulations and decreasing fees, you need 250-300 to make ends meat. Even with a 3bn dollar fund 3 bad months can put you out of business. I've seen it plenty of times. I've heard from dozens of people the work is great for the first few months then gets repetitive. If you are looking for a good pay bump and (potentially) better work life balance then take it. If you want to me a CFO one day my suggestion is to get more experience in public and leave for a controller role.

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Auditing some funds right now - it's pretty straight forward and routine, you might get bored soon as there won't be many tweaks

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They pay well and have great benefits, but not somewhere you're going to make a career for the most part.

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there is no path...unless it's some massive asset manager that has 100 million aum.

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Just completed the interview. It was with a private equity firm called MUFG. They have several funds ranging from $150 million to about $10 billion so they would place me basically on which fund needs the most help at the current moment which most likely would be one of the larger ones.

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And I would argue $100M AUM isn't that big of a fund. It just means they won't collapse out of the blue.

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Can go to private equity firm after

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Further. Fund accounting is very specialized which is why the pay is higher than avg. Make sure this is something youd like to do cuz the technical skills are often nontransferrable to other industries. Think gov/ nonprofit accting vs manufacturing/ retail

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It's routine but pay is steady and hours are way better than public. Go for it if you want an easy laid back lifestyle. Be prepared to leave in 2-3 years or see your career become stagnate. (Unless like others say it's a huge place with billions in assets under mgmt)

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Hmmm the pay bump would be about 30% with 10-25% bonuses every year but if it's a dead end I'll have to think twice.

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What kind of fund?

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^senior manager is right on the money. 100mill AUM is incredibly small. I would NOT leave PA for that. Get the interview experience and jerk them around. Do not take it. If you're going to make a move, make sure it's at least 3-5Bill fund and even then it's not entirely safe. Be very careful with funds as they are prone to drastic changes and market reactions

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Go for at least 1 billion aum. 3-4 bil is considered average

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