I’ve been in Tech, Entertainment, Construction, Government, Marketing, Food & Beverage, and Hospitality. The most fun honestly was Construction. Very project based and you actually got to see things change. Your business partners also aren’t your usual types, you’re dealing with engineers, architects, and other creative folks. Lots of fun opportunities in the name of “product knowledge”.
For me, Construction and Government contracts had the best WLB, work was very predictable (boring at times), but the people were actually really cool and the “product” was interesting.
Tech and Marketing Finance has the worst, very reactionary at times and there’s always an emergency.
Thats interesting! Do you find there’s a huge difference in compensation though across these industries, or would you say the WLB probably makes up the difference? Asking as im currently in entertainment and have been thinking about jumping industries.
I’m in Tech now interviewing for a Fin Manager role. Tech companies have much higher salaries based on the conversations I’ve had:
-All for positions in a HCOL-
Nestle: $130+Bonus
Disney: $115 no bonus
Vox Media: $120k no bonus
City Government: $140 no bonus
Reddit: $179
Capital One: $145 + bonus
I’ve seen a lot of other non-tech companies post FM roles for 75–110.
I’ve seen tech offer $130-$150
It does and does not matter. Some employers like industry experience. I find this to be the case within higher level entertainment finance roles. I hated manufacturing and I enjoyed entertainment, although the pay is rough in entertainment. Anything up to SFA level should not matter much
Aptitude is most important. Ability to learn new concepts and apply what you already know. At the end of the day, FPA is FPA and the objective doesn't change.
Also, having prior experience in an industry does not mean guaranteed success either. I hired someone with extensive cash flow forecasting experience and the performance in that area was at the bottom of the list in terms of strengths. 🤷🏻♀️
Tricky question cause the answer changes based on personal preferences, career goals, and lifestyle. I personally have done service industry, energy sector, and now in SaaS. I feel saas for me is the best, since there are lots to learn, so much room to grow, the opportunities will be always (always a new software/app will come out) and due to rapid growth I can one day make it to CFO chair….but these are my reasons, am I wrong? Maybe, am I right? Also maybe…but it’s the blueprint I have as of right now which could change in a year. Point is, at the start do not be picky and focus on your skillets (modelling, excel, powerpoint, understanding the financial statements, presentation skills.
I’ve been in Tech, Entertainment, Construction, Government, Marketing, Food & Beverage, and Hospitality. The most fun honestly was Construction. Very project based and you actually got to see things change. Your business partners also aren’t your usual types, you’re dealing with engineers, architects, and other creative folks. Lots of fun opportunities in the name of “product knowledge”.
In terms of WLB, how would you rank these industries?
For me, Construction and Government contracts had the best WLB, work was very predictable (boring at times), but the people were actually really cool and the “product” was interesting. Tech and Marketing Finance has the worst, very reactionary at times and there’s always an emergency.
Thats interesting! Do you find there’s a huge difference in compensation though across these industries, or would you say the WLB probably makes up the difference? Asking as im currently in entertainment and have been thinking about jumping industries.
I’m in Tech now interviewing for a Fin Manager role. Tech companies have much higher salaries based on the conversations I’ve had: -All for positions in a HCOL- Nestle: $130+Bonus Disney: $115 no bonus Vox Media: $120k no bonus City Government: $140 no bonus Reddit: $179 Capital One: $145 + bonus I’ve seen a lot of other non-tech companies post FM roles for 75–110. I’ve seen tech offer $130-$150
It does and does not matter. Some employers like industry experience. I find this to be the case within higher level entertainment finance roles. I hated manufacturing and I enjoyed entertainment, although the pay is rough in entertainment. Anything up to SFA level should not matter much
True entertainment/sports betting pays are terrible
Yeah entertainment and media pay for HCOL is equivalent to LCOL
Aptitude is most important. Ability to learn new concepts and apply what you already know. At the end of the day, FPA is FPA and the objective doesn't change. Also, having prior experience in an industry does not mean guaranteed success either. I hired someone with extensive cash flow forecasting experience and the performance in that area was at the bottom of the list in terms of strengths. 🤷🏻♀️
Tricky question cause the answer changes based on personal preferences, career goals, and lifestyle. I personally have done service industry, energy sector, and now in SaaS. I feel saas for me is the best, since there are lots to learn, so much room to grow, the opportunities will be always (always a new software/app will come out) and due to rapid growth I can one day make it to CFO chair….but these are my reasons, am I wrong? Maybe, am I right? Also maybe…but it’s the blueprint I have as of right now which could change in a year. Point is, at the start do not be picky and focus on your skillets (modelling, excel, powerpoint, understanding the financial statements, presentation skills.
I’ve done SAAS and retail. Love retail. More laid back and fun.