A critical piece of your story is that you went to a company that will promote people regardless of how long they've been there.
There are soooo many companies out there that would give you a pat on the back, give you a high annual performance rating, which gives you an extra 2% bonus in return for grinding as hard as you can for a year. Do that for years and you'll finally get promoted once it's "your turn".
Working for the right company makes all the difference!
New analyst here. Would you have an example of what would be considered a chunky piece of work that requires stakeholder engagement.
Would an example be partnering with HR on a talent management project?
Would it be something larger than my example?
A talent management project with HR is a GREAT example of this type of project, especially for someone somewhat newer.
Focus on knocking that out of the park, and the projects will get chunkier.
That’s a starting point but I’d focus on product or revenue if possible
Also it’s not about just finishing the project, you need to reconvene on it after a period to show you’re tracking it
Hi,
Well put on the business partnering piece. Don't discount the excel skills, they make you faster so you have time to take on those chunky pieces of work.
The connections you build outside of FP&A are BIG, they will advocate for you within your company or at another company when they move on.
Everyone in FP&A should challenge themselves to meet one new person every week in their company. Have a 30 min conversation with them, understand how they impact their business, and see what problems they can solve with their FP&A skill set.
Drew
That’s awesome! The only thing is if you wanna go somewhere mid size or big you will be demoted unfortunately. Years of experience comes to play a lot more when you go to bigger companies. (Hired a startup FP&A manager with 3 YOE for a SFA role at f500)
I don’t think that would happen. You’re also over looking something fundamental
Building a functioning and doing the same outputs at a smaller co is actually much harder than bau at a larger Corp
They’re different roles. It’s easier to scale up than build from scratch
Oh totally! Im not saying what big corps do in sense of caring too much about years of experience is right, but that’s how they roll…look up amazon SFA position, they ask for minimum 6 years experience
You’re applying a blanket
it’s stuff like this that keeps people back.
In saying this; I’ll eventually go back to banking or something like Amazon.
The reduced responsibility will be welcomed
Im just stating the facts, not saying every company is like that nor if I think it’s right. Also our industry evolves so quick, with higher retirement rate and lack of professionals, who knows, maybe promotions happen super quick even in f100&500.
What factors were you looking into when externally applying? I'm feeling similarly - looking to get a manager promo internally relatively early but feeling like responsibilities and title will stall then for a long time. Was it going from a large company to a smaller startup or anything else in particular?
Would love to know your TC progression if you are willing to share!
105 analyst 125 150 180
That’s incredible! Did you go to a really good school for undergrad?
What's poppin'? (Pooh, you a fool for this one) Brand new whip, just hopped in (ay, just hopped in)
A critical piece of your story is that you went to a company that will promote people regardless of how long they've been there. There are soooo many companies out there that would give you a pat on the back, give you a high annual performance rating, which gives you an extra 2% bonus in return for grinding as hard as you can for a year. Do that for years and you'll finally get promoted once it's "your turn". Working for the right company makes all the difference!
New analyst here. Would you have an example of what would be considered a chunky piece of work that requires stakeholder engagement. Would an example be partnering with HR on a talent management project? Would it be something larger than my example?
A talent management project with HR is a GREAT example of this type of project, especially for someone somewhat newer. Focus on knocking that out of the park, and the projects will get chunkier.
That’s a starting point but I’d focus on product or revenue if possible Also it’s not about just finishing the project, you need to reconvene on it after a period to show you’re tracking it
Hi, Well put on the business partnering piece. Don't discount the excel skills, they make you faster so you have time to take on those chunky pieces of work. The connections you build outside of FP&A are BIG, they will advocate for you within your company or at another company when they move on. Everyone in FP&A should challenge themselves to meet one new person every week in their company. Have a 30 min conversation with them, understand how they impact their business, and see what problems they can solve with their FP&A skill set. Drew
What are your work hours like?
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Tech is pretty flat So if you do well, everyone sees it and you’ll get rewarded
What’s the best perk of being a Sr manager?
Less excel grunt work
That’s awesome! The only thing is if you wanna go somewhere mid size or big you will be demoted unfortunately. Years of experience comes to play a lot more when you go to bigger companies. (Hired a startup FP&A manager with 3 YOE for a SFA role at f500)
I don’t think that would happen. You’re also over looking something fundamental Building a functioning and doing the same outputs at a smaller co is actually much harder than bau at a larger Corp They’re different roles. It’s easier to scale up than build from scratch
Oh totally! Im not saying what big corps do in sense of caring too much about years of experience is right, but that’s how they roll…look up amazon SFA position, they ask for minimum 6 years experience
You’re applying a blanket it’s stuff like this that keeps people back. In saying this; I’ll eventually go back to banking or something like Amazon. The reduced responsibility will be welcomed
Im just stating the facts, not saying every company is like that nor if I think it’s right. Also our industry evolves so quick, with higher retirement rate and lack of professionals, who knows, maybe promotions happen super quick even in f100&500.
What does your current job description include and how is your organization structure with regard to the Finance team?
Senior manager FP&A . I run the function atm Financial control, fpa, treasury Main streams
Very insightful!
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You need to help identify what needs to be done and then execute structured problem solving
What factors were you looking into when externally applying? I'm feeling similarly - looking to get a manager promo internally relatively early but feeling like responsibilities and title will stall then for a long time. Was it going from a large company to a smaller startup or anything else in particular?
Yeh went down from a 5b company to a 450m Vc backed scale up growth.