Wanted to get your advice/thoughts.

I'm a non-traditional CD analyst working in a niche industry (gambling)

My experience is as follows: BIG4 Audit > FP&A (CPG) > CD analyst (1 year)

I like my role (sourcing, modelling and strategy integration), however I don't see myself working in this industry long term. Without a generalist IB background, are my chances of transitioning over to a different Industry low? If so, is there anything I can learn or do (excluding IB)?

Thanks

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Hey! Interesting journey, and I would love to learn more about your current role.

But to answer your question I don’t think having industry experience is absolutely necessary for joining a firm. For reference, I’m joining a healthcare company to work in their corp dev group and i’ve had no healthcare experience in my IB role.

Having experience obviously helps, and if you’re going up against a candidate who comes from a coverage group or has m&a reps in the industry you’re looking to pivot into they’ll definitely have an advantage.

In reality thought having technicals skills and knowing how to look at and analyze a company’s financials is in my mind more important than knowing certain multiples used in one industry vs another. All of that can be easily taught. Hope this helps!

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Transitioning between industries shouldn't be too difficult - I've moved from healthcare to financial services for example - but as SA1 says above, the technical skills are more important. The type of company you're in has more of an impact on that as well, e.g. PE-backed companies often modelling P&L only vs larger public companies needing more focus on full 3-statement modelling etc. If you can take some of your banker/advisor relationships with you, or ask for intros to their relevant teams it'll make the transition easier.

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