Is a career change into finance realistic for me?
February 3, 2013 7:39 AM Subscribe
Over the last year or so, my interest in Finance has been building steadily, to the point where I’m considering the possibility of a career change.
posted by molloy to work & money (10 answers total) 1 user marked this as a favorite
My goals are modest. I understand that investment banking and chartered accountancy are unrealistic targets. But I'm really interested in ideas for positions that would be accessible to me within, say, a couple of years of study and/or hard graft.
I am 33. Studied Economics at A Level, but otherwise no finance background. 2 undergraduate degrees, in Engineering & Literature. For the last five years I’ve been running a small company with a turnover of 280k. I’m very much an all rounder. No particular strengths. Strong excel. Some basic coding and database skills, but nothing specialised. Marketing is probably my strongest skill, though I've little wish to build on that.
My interest in Finance is quite broad. On one level I really enjoy the basics of bookkeeping, tax, payroll, accounting that I mostly do myself for my business. Taxation in general I find interesting - politically, economically, philosophically, historically, it seems a very crucial topic to me.
I'm also interested to the wider picture. A year ago I started investing in the stock market, initially begrudgingly, but now I’m hooked. I read company accounts for fun. I am a value investor. I dabble in growth, speculative, trading also, and I’ve been pretty lucky at it, but I think speculating is not where my interest is really coming from. Though I think I have a knack for it, and the right kind of head.
I have easily digested the finance text books I’ve encountered so far. I have a comfortable and natural understanding of the time value of money. Maybe I'm an above average driver too, but complex financial ideas do seem to make some kind instinctual sense to me when I first encounter them. But I've never competed in the sector, I might be basement bin for all i know. But this seems less relevant as I am not competitive, I just really enjoy the subject so suspect I would be happy on any rung.
So I’m wondering about my next step. I don’t really know anything about the industry. Never had a proper job in anything remotely close to the sector. I’m presuming internships are not possible for someone my age? I’m wondering what would be a productive first step.