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Career change Accountancy to Banking? Advice.

  • 19-10-2009 4:14pm
    #1
    united85
    Closed Accounts Posts: 1 ✭



    I’m a qualified accountant (ACA) and also qualified tax consultant (AITI-Ireland) coming out of contract very soon. I’m contemplating a career change, moving into the investment banking world/corporate finance, having previously previously done an internship with a leading investment bank in London.

    Have read a lot about CFA (chartered financial analyst) qualification as way of increasing both my base knowledge of markets/finance world while boosting my job prospects. Little bit worried bout having to get 4 yrs practice experience before becoming a member.

    Anyone have any thoughts on:
    1. this potential qualification,
    2. jobs suited to my already held qualification within the investment banking/corporate finance world
    3. the potential career move from accountancy


Comments

  • #2
    censuspro
    Registered Users, Registered Users 2 Posts: 881 ✭✭✭censuspro


    Banking has always paid alot better than practice. Despite the bad publicity, banks arent going anywhere.


  • #3
    [Deleted User]
    Posts: 18,962 ✭✭✭✭ [Deleted User]


    You'll have to move to London realistically as there isn't much of an industry in Ireland, especially at the moment. ACA can get you into M&A in the banks. If you want to work in more of a pure markets area you'd need more of a maths / engineering / pure economics background or have CFA. The easiest way to transition for you would be to target M+A, or as a research analyst as second best option. M+A has the worst hours for least reward in the I-banking world - you'd have to slog it out for a few years in the churn and burn. Research analyst is not for everybody - you'd have to be able to work very independently and like writing reports.


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