All things Fund Accounting

vangough

Thought it might be a good idea seen as there are a lot of people asking the question about fund accounting as a career choice.

As a FA myself I can see the positives (money isnt bad) and the negatives (at times being totally overworked and a repetitive job).

Hopefully people can add what they feel are the good and bads of FA in general from there experiences.

Perhaps name the companies which have a reputation for being hard workers and which are the better companies etc etc.

Can anyone identify what would be the number 1 FA company to work for in Dublin in terms of pay, feel good factor, extra perks etc etc.

Any info at all.

Cheers

annfield1978

Depfa

joke of a company but backed by the german government, so great pay, backdated pay increases and bonuses!!

mikemac1

AIB/BNY, changed it's name since. I don't know what it is. BNY Mellon?

Mind numbing work, systems constantly failing and it varies from nothing to do except to move folders to shelves to crazy eleven pm finishes.

Standard industry pay, miserable bonuses [and it wasn't just me, my colleagues all got the exact same]

Yeah, the main thing about that company was their systems constantly crashing which causes no end of stress when you're twiddling your thumbs and then have to fit two hours of work into thirty minutes when the systems go back up
It was getting more and more automated by when I left, to be expected
Depends what team you're on they have different systems.
I don't know how they assigned teams, a gang of us showed up for induction and one by one we were sent all over the place

Christ the queues for the Bloomberg machines, you could be there twenty minutes so send the new lad. I was the new lad once too
I understand they cost a lot of money in fees but with the amount of time wasted some new terminals would pay for themselves

The AIB canteen was quality, best canteen ever. Until we were told to stop using it and got sent to the NCI. Miserable college canteen, which got a bit better but we stopped going.
AIB canteen was a perk that was missed

Great nights out and Christmas parties, managers already ready to buy drinks after work with the credit card.
There was a leaving party nearly every week

Incredible turnover. Started with fifteen people and one year later nine had left including me.

An excellent first job for a graduate but figure out what you want to do and if you want to go for professional exams, get cracking or you'll never get around to them
Do a year, stick it out and try to look ahead and see if you want to do something else. If you want to stay realy look into the exams, it takes motivation but worth it

Tarzana

Hope it's OK to bump this thread, as it's a general fund accounting thread.

I'm just wondering, would a business degree be required to get into this?

Stevie Wonders Bifocals

Tarzana wrote: »

Hope it's OK to bump this thread, as it's a general fund accounting thread.

I'm just wondering, would a business degree be required to get into this?

Pretty much any business/commerce/finance degree in needed.

Maths or physics also, surprising amount of people with in fund accounting with these quals.

Tarzana

Thanks!

Mr. Loverman

Tarzana wrote: »

I'm just wondering, would a business degree be required to get into this?

My friend started with no degree (around 5 years ago) and now makes over 100k per year in London.

He says it's a brain dead job and hates it. Be warned.

frag420

Mr. Loverman wrote: »

My friend started with no degree (around 5 years ago) and now makes over 100k per year in London.

He says it's a brain dead job and hates it. Be warned.

How did he get into the industry? Did he have any relevant quals at all?

Mr. Loverman

frag420 wrote: »

How did he get into the industry? Did he have any relevant quals at all?

Hi previous job was labourer.

He knew someone working for one of the big companies. PCT or something like that? PRT? PRM?

Tarzana

Mr. Loverman wrote: »

Hi previous job was labourer.

He knew someone working for one of the big companies. PCT or something like that? PRT? PRM?

Ah OK, I have no connections.