Ten years in audit and now looking for a different path to operational/FP&A role. How difficult is it to transition? Is it too late? Is the compensation going to be comparable to an audit SM level or should I expect a downgrade considering I don’t have much finance related experience?

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May have missed your exit... like 5-7 years ago...

You'll almost certainly go down a level. Maybe comp can still be similar given that finance pays decently but I'm not too sure at those higher levels.

Transition will be difficult because you need to convince a company that they should hire an audit SM to be their FP&A manager (or higher). Unless you have some pretty relevant experience, it will be a tough sell.

I don't think it's impossible though. You'd be more likely to jump to industry into a financial reporting SM (or similar accounting role) and then move over to FP&A from there. I've seen it.

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I went into industry in an accounting role but my current company has a great internal mobility program. If I do well and am interested in a different area that has an opening, they would support a move after at least one year. Maybe finding a company like this and starting out in an accounting role (which likely include a nice pay bump) could be the way to go

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What company do you work at?

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Expect a downgrade...

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Not true, sm leave all the time, last one that left us went as svp of a bank…

This was my worst nightmare as an auditor. Glad I made the jump 2 years in.

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