Accounting

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

like
Reaction Icon Like
Arrow Icon
works at

Dead end.

Reaction Icon Like
like
Arrow Icon

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.

Reaction Icon Like
like
Arrow Icon

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

Reaction Icon Like
like
Arrow Icon

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

Reaction Icon Like
like
Arrow Icon

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

Reaction Icon Like
like
Arrow Icon

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.

Reaction Icon Like
Arrow Icon

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

Reaction Icon Like
Arrow Icon

Can go to private equity firm after

Reaction Icon Like
Arrow Icon

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

Reaction Icon Like
Arrow Icon

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)

Reaction Icon Like
Arrow Icon

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.

Reaction Icon Like
Arrow Icon

What kind of fund?

Reaction Icon Like
Arrow Icon

^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

Reaction Icon Like
Arrow Icon

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

Reaction Icon Like
Arrow Icon

Related Posts

Feasibility of moving from PwC MC to strategy consulting somewhere else?

Reaction Icon Like
Arrow Icon

GMAT in T minus 30 minutes 🤞

like
Reaction Icon Like
Arrow Icon

How do you approach dating/seeing someone with HS2? Been chatting with someone & they were honest & told me they have it. I’m curious what others do if your SO has it & precautions you take.

Reaction Icon Like
Arrow Icon

Spouse and I are currently living in different states and need virtual marriage counseling. Any recommendations?

like
Reaction Icon Like
Arrow Icon

Has anyone cried after getting an orgasm with or without a partner?

likefunny
Reaction Icon Like
Arrow Icon

What kind of sign-on bonus might an experienced hire expect at Deloitte? Also, what’s the PTO, floating, sick, and holiday details at the M level?

like
Reaction Icon Like
Arrow Icon

If I'm aiming for a pretty conservative 6% annual growth on my money, what would you recommend?

like
Reaction Icon Like
Arrow Icon

Does anyone know how to verify if NASBA approved my education for the 150 hour requirement for licensure and not just the 120 hours to sit for the exam when I initially applied for the exam?

like
Reaction Icon Like
Arrow Icon

hi everyone, I just got a job offer I’m very excited about. It’s client side so there is a drug test. I took three hits 5 weeks ago, does anyone know the chances of passing/not passing?

funnylike
Reaction Icon Like
Arrow Icon

What are the top 3 qualities you look for in a TVC director?

like
Reaction Icon Like
Arrow Icon

Would be curious to know active user count by firm for FB. Sometimes I wonder if we are talking to the same people over and over.

like
Reaction Icon Like
Arrow Icon

Boss said I get to bring on one graphic designer and one video editor to the team. If you've ever wanted to live in Saigon, are scrappy and want to get things done DM me your book.

like
Reaction Icon Like
Arrow Icon

How do you guys feel about this ?

Post Photo
likefunnyupliftinghelpful
Reaction Icon Like
Arrow Icon

Pros and cons of working on an auto brand?

likesmart
Reaction Icon Like
Arrow Icon

Tickets going fast, party on!

Post Photo
likefunny
Reaction Icon Like
Arrow Icon

Look for CPEs and some sort of cert all in one, anyone have any recommendations for online carts?

like
Reaction Icon Like
Arrow Icon

Just learned a new method for kicking out villagers: time travel day by day until you find a villager with a thought bubble asking to leave. You can say yes or no but take note of the date (cont)

like
Reaction Icon Like
Arrow Icon

bummed out: distant cousin same age as me 25yo made SM. is he an anomaly or am I just a bum?

like
Reaction Icon Like
Arrow Icon

Wellness check: How is everyone doing as you get ready for another week of WFH, after many days of social distancing? Make sure to schedule socializing time w/friends & family throughout the week.

like
Reaction Icon Like
Arrow Icon

Another day, another recruiter ghosting. WTF is wrong with these clowns?

like
Reaction Icon Like
Arrow Icon

Download the Fishbowl app

That was just a preview…
Sign Up to see all discussions
  • Discover what’s it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Sign in here

Share

Embed this post

Copy and paste embed code on your site

Preview