Financial analyst vs auditor reddit reddit's new API changes kill View community ranking In the Top 1% of largest communities on Reddit [US] F500 Financial Analyst or Big 4 Auditor? I'm completing the last week of my internship at a F500 in the Mid-Atlantic. From what I’ve seen more experience across corporate finance verticals doesn’t really hurt and the progression is basically the same across each vertical (FP&A, Treasury, Controllership). I know people who went directly into Deloitte CF (Actual M&A, not TS), EY-P Strategy & Transactions, FP&A at F500, Asset management analyst at a real estate firm etc. I prefer actual accounting over auditing myself as I got tired of double checking others people work. The difference is that when people are scanning through your résumé and they see you went from senior financial analyst to a financial analyst role it almost looks like you went in reverse in terms of job progress. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; How does the work a financial services auditor would do differ from the work of a generalist auditor (if I had to guess, Financial analyst is a bucket, not a role. FA is more analytical but can be more repetitive I In FANNG, you'll get a better WLB and pay if you're an BA/BIE vs financial analyst. Hi all, I'm in the process of trying to move from audit (3 years experience working on financial services in a big 4 firm) into equity research in London. This is fresh out of college. Better hours, equal if not better pay, less stressful, less boring (in my experience). The financial analyst role includes account reconciliation, monitor compliance on AFM & SOX Control, comply with quality audits and also review p&l account. - Do not post personal information. Check Financial Analyst vs. As for the Analyst opportunities, I am waiting on firms to get Equity Research vs IB Analyst Hi guys, I'm a Big4 chartered accountant who has the option of joining an Equity research team (entry level) or a IB Analyst (entry level) at two BB banks. I have 3 years experience in audit. Underwriter So right now I work as a Credit Analyst at a bank primarily dealing with SBA. We’re a Quant Shop third-party money manager essentially. Finance Analysts. Ratings agencies have shrinking budgets and the pay is generally worse than public accounting. I'm going to settle down for whatever job is willing to pay the most and a decent cost of living. 402K subscribers in the Accounting community. My job entails preparing loan packages to be sent to the SBA for guaranty, seeing the loan through to disbursement, and then monitoring it and going back to the SBA with any changes that might need to happen. Budget analyst could be more related than financial analyst, or vice versa. Payroll to Financial Analyst Amazon Business Analyst VS Junior Auditor in Big 4 Analyst > Senior Analyst > Finance Manager > Finance Director > Not adding comp because it is very variable, years of experience is not as correlated to comp like banking. I got about 5 years of straight Financial Analyst experience doing this between 3 jobs, and the last one finally asked me "why do you always have so much free time when your work is so early and always correct?" An accountant is a financial analyst but a financial analyst doesn't mean he or she is an accountant. S. Busy season hours aren't awful. r/Accounting A chip A close button. CDTFA vs FTB Tax Auditor position . Analysts. After that Fp&a is A place for discussion and study tips for the Chartered Financial Analyst® (CFA®) program. Understanding Specifications: Just as an auditor reviews system specifications for compliance purposes, a QA analyst reviews feature specifications to understand and test the intended functionality. An Associate, to an extent, is expected to work with greater responsibilities across the teams and clients. Yeah to add on to that a little bit outside of nyc most financial analyst jobs are very different than CFA type roles. What interests you in Hi everyone - I’m currently a senior auditor in public and thinking about making the transition to industry. FDD definitely builds much more complementary skillset. If you're talking financial analysis, you'll generally need a degree in finance which will include accounting courses. Most "like for like" exit is financial reporting and internal audit. Basically accounting not only does bookkeeping which you probably do mainly, but you create reports, do some analysis or insight, and provide recommendations and forecast. May I know why country makes a difference and why you choose audit over risk analyst please？ CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Anyone in finance could be considered a financial analyst and they’re called such at one point or another. QA Engineer: QA Analyst: Role: Focuses on the manual testing of software features and functionalities. 1- is with a well-known finance firm ($2b in revenue) as a internal auditor, and the other one is for a senior accountant position with a smaller company, $260m revenue Financial analyst just means an analyst under the corporate finance umbrella. Thanks in advance :) Hi yes, i totally understand the part on having to interact with people and proving my point. I did a blend of monthly management reporting, helped set budgets and bits of project work - it was basically a role to pick up all the bits the Financial accountants and FBPs didn't have time for (including some financial statement preparation). 50-60 vs 60+ in audit Career I got a blended sort of role straight out of audit - had PDubz on my CV, so they jumped at me (big charity). My ultimate goal is to get a job that fits my main interests which are (from most important to least): statistical analysis, making and testing statistical models, speculative investing (preferably with options), coding( python preferably). They both seem to be doing similar things to me and both have similar starting salary. FP&A role. There are also Senior Analysts that are paid very similarly to Finance Managers. Financial analyst is not a protected term (as opposed to a CFA charter holder or a CPA), hence why this question is broad-- the scope of what a financial analyst does can vary widely. I’ve worked at places where finance was just FP&A, other places finance org broken out as: FP&A, Corporate finance, Sales Finance. I have heard the second one would yield me a better chance (albeit a slim one) but wanted to hear what you guys think as well since I know very little about the industry here in Canada. Reply reply More replies I think being a credit analyst is better,move into that role and take the CFA and CCP. There are analysts in my team older than Finance managers. )? One is being a credit risk analyst at a global bank which involves financial analysis of clients to ensure their credit worthiness FP&A associate at a company where I would be involved in budgeting , forecasting and analysis. Primarily for accountants and aspiring accountants to learn about and discuss their career choice Financial analyst is a very broad term that can mean anything from AP/general accounting functions to financial planning or M&A. For SFA, FP&A, it's generally very rare they'll let you start as a senior. SFA for Financial Reporting is a standard exit for audit people, or even manager. - Do not spam. Generally an analyst in FP&A is also titled a 'financial analyst' because they are working in financials and often deal with some degree forecasting/trending. Posted by u/Grove123456 - 3 votes and 2 comments A place to discuss all things about Financial Planning and Analysis (FP&A). (if you have one), or your job title (auditor, financial accountant, etc. I live in the New York City area, with no relevant Analyst or Finance experience or skills and I graduated with I was Econ undergrad into a Financial Analyst job and just started automating a lot of my shitty tasks using VBA + SQL. What is the difference between “Financial Analyst” and “ FP&A analyst Open menu Open navigation Go to Reddit Home. They both can be good or bad. And in highly acquisitive companies, like yours, you have an M&A team. Accountants analyze specific details when reviewing A comprehensive comparison of Auditors vs. That being said there is a résumé difference. It all depends on the duties listed in the job posting. Skip to main content. Goldman Controller Analyst Audit offer is lower by almost 20% (which is a huge difference), but I am kind of worried about the exit opportunities in technology risk vs audit if I want to become a financial analyst or go into industry accounting later on. For the majority yea, but that’s pretty reductive and honestly just false to say only. Get the Reddit app Scan this QR code to download the app now. I’ve been browsing jobs and have came across many senior financial analyst and senior accountant positions. Financial Analyst is a job title. CPG - which is more recession proof? I’ve been researching PIMCO and I’ve noticed that analysts (on LinkedIn at least) are either account analysts or portfolio analysts. Hey Everyone, In corp finance you have to come up, on your own, on ways to enhance the firm’s finance structure, day to day processes, working capital, making sure you dont run out of cash, and squeeze more cash out of the bank/investors etc. Google(accounting analyst) vs EY(audit) So I got an (after gaining a few years of experience as an auditor) may lead you into financial services. My day-to-day work is exactly the same as PA audit work. In external when you leave you are leaving to financial reporting,IA,G/L kind of roles. See if you can get a F500 FLDP. - No facebook or social media links. Does anyone have experience working as an tax auditor for any of these agencies? If so, how Senior Financial Analyst but is the FP&A lead. Explore the difference between Auditors and Analysts in their roles, responsibilities, skills, salary, and career growth Would I stay in that companies industry for financial analyst/internal audit for the rest of my career? Could I sidetrack to Public Accounting/ Investment Banking? Which position has the A comprehensive comparison of Auditors vs. I'm a senior manager in fp&a. tax/audit come to me with accounting questions. IT Audit tends to leave for Internal Audit, Business Analyst, Director of Compliance, etc. Expand user menu Open settings menu. You have to be willing to keep pushing for more as an analyst. As I said, in rating most review cycles are 'annual' and you wouldn't worry about a company unless something significant is happening to it. The job mainly consists of creating reports or running reports with our in company systems. Get the Reddit app Scan this QR code to download the app now Because getting a financial analyst role in a very small country is not as easy as getting a role in audit auditors have a good chance of pivoting into financial analyst role. However, a lot of the high profile work goes to IBs, so you find you’re dealing excessively in supporting audit teams with intangible valuations or goodwill impairment or PPA. Definitely look to skip audit. I’ve learned a shit ton bc i do a bit of it all. I think you're mistaking financial reporting advisory with financial reporting in an industry company. Financial Advisor? I am willing to work, learn, and grow my sales skills to succeed, but I see a lot of bad reviews on reddit regarding these Insurance sales-type jobs. If you’re lucky as an Analyst you may get client exposure. Big banks will undoubtedly pay considerably higher than public accounting, if you can get a position out of school. Check out our FAQ, An accountant is a financial analyst but a financial analyst doesn't mean he or she is an accountant. outsourced bookkeeping is hell but not every project is so tedious. You get more real responsibilities within a company that provides services/goods to consumers rather than other companies (not a bad thing, but I view it as a plus). Log In (if you have one), or your job title (auditor, financial accountant CPA is worthless unless you want to be an accountant or auditor. Check out our FAQ, Linkedin Networking group and Discord! Speaking from my own experience as someone who also moved from external audit to fund analyst to M&A, I believe the biggest difference maker is your story. Business analyst is a vague term used by many companies under many definitions. I didn't follow that path instead I ended up in external audit. Pang 3rd job ko na kasi ito OP, pero yung Finance Analyst position kasi is entry level so okay lang kung walang experience as per HR postings. Reply My goal is to try to pivot to a more investment/corporate finance related FO role. View community ranking In the Top 5% of largest communities on Reddit. A typical grad will reach finance manager role after 5-8 years and earns around 6-9k. Like for example a portion of our business is an assisted living facility. I do love what I do and I love my company, but I've been having an issue where I feel like I lack growth over the past three years. I only hold 1 offer, but hypothetically if I held both, I am not sure which one is the better offer. Hey guys, I'm about to graduate next month. Fairly secure job, even in an economic downturn. I have 6 years of experience now and am at the 'Staff' level. I decided to go into corporate and got 2 offers: Internal Auditor for an investment bank and a Associate Financial analyst for an rating agency. Got two offers on the table. Big 4 auditor trying to transition into a FP&A analyst / senior analyst So I’ve been applying to a handful of FP&A analyst / senior analyst Financial analyst is a pretty broad title, generally it's focused on the P&L and budgets and putting together reports for internal decision-makers. Financial analyst is a very broad term that can mean anything from AP/general accounting functions to financial planning or M&A. Posted by u/Grove123456 - 3 votes and 2 comments I was in big 4 IT audit for 4-5 years and got my CISA out of it. One is being a credit risk analyst at a global bank which involves financial analysis of clients to ensure their credit worthiness FP&A associate at a company where I would be involved in Generally an analyst in FP&A is also titled a 'financial analyst' because they are working in financials and often deal with some degree forecasting/trending. Even then though there’s a difference between a consolidator, FP&A, ops finance, revenue planning, etc. From audit you can move into stuff like finance transformation and financial due diligence consulting. I’m wondering FI analyst role is also faster paced compared to rating a analyst. I work as a financial auditor for the federal government. Get app Get the Reddit app Log In Log in to Reddit. I have 4 files currently, all in different industries, sizes, stages of business. I'm looking to start applying for jobs, but I'm confused on whether a accounting job is better than a financial analyst job. On average, these financial analyst positions pay about as much as senior accountant jobs but have much more reasonable experience requirements. Is there a clear cut better option, excluding salary in the criteria. reddit's new API changes kill third party apps that offer accessibility features, mod tools, In most banks Loan Officers are considered higher on the ladder than analysts. Which one would you guys One option is from a Fortune 100 tech company as a financial analyst role, and from reading the description it looks exactly like an FP&A role (P&L forecasting, business My first question is what is primarily the difference between the role of financial analyst in a major IB and FP&A, because it appears to me that both are doing DCF analysis, Accountants focus on daily operations, while financial analysts focus on future pursuits, looking past current trends. IT audit is really Enterprise Governance, Risk and Compliance (GRC) with an Information Systems lens - just that in Big 4 the scope you audit is already cut out thinly for only financial audit relevant systems. So you might find yourself as a logistics manager or something. I believe FI analyst does need to follow their whole portfolio almost daily. I went from internal audit to a financial analyst. I passed my accountancy exams first time (ICAS) and recently passed CFA level 1 (above 90th percentile). Generally speaking, Officers drum up the business, analyst analyze the financials. . I get mixed reports on IA vs FA. I guess my question is What is the difference between the two and how will this affect my career trajectory?? Financial analyst>senior financial analyst>typically finance manager, senior manager, director, vp, CFO. Don’t know enough about back office PE to give advice there and if Hey Everyone, COMPANY 1: So I just got an offer from a well known publicly traded company for a Financial Analyst role. Apart from that, everyother department either depends on you for budget, or need your advice/ideas like those in the M&A department (ofc it Went into economics and worked at various investment banks. - All reddit-wide rules apply here. Corporate Financial analyst roles in my experience are super laid back, like it’s rare that I’d ever even have a full 40hrs of work a You really need to look at the job description and the requirements. I am currently an AVP, Consumer Loan Officer and would never consider taking a job as an analyst. Health Consulting Financial Analyst Position at F200 company in Tampa, FL -Compensation: 68k starting salary, 5k sign on-bonus, pays overtime and a half Not sure finance analyst role exactly but accounting doesn't earn much. It was super annoying because most other companies used FA as the starting position, so it always looked like I was a level below what the comparable title would be at other companies. Now I am doing internal audit in a bank because the workload in external was causing me misery. In that sense, it’s a good introduction to the fundamentals of finance and also gives you a really broad exposure to a range of industries. I eventually transitioned into a financial analyst job for a healthcare company. However, accounting skills especially the CPA doesn't transfer well to financial analysis which is forward looking and full of educated assumptions. Yung work environment naka depende din kasi sa department eh, so sana if matanggap ka okay lang din mga workmates mo 😁 Financial Analyst vs Quantitative Analyst I am one year away from graduating with my bachelors degree. Credit Analyst vs. QA Analyst vs. Having a strong accounting background is a genuine advantage edit: Just to clarify, I don't care if the position is "true" financial analysis or one of those hybrid positions that borders on something closer to accounting. What is your opinion and recommendations on what specific experiences would leverage you into senior financial analyst territory? Is it just Opinions: Adjuster vs Auditor . In my bank, the CA program is the gateway to becoming a loan officer. with Quantitatively traded algorithms. I'm dabbling in SQL and Python. The best way to get into FP&A besides networking is Get app Get the Reddit app Log In Log in to Reddit. Side note: I have a BS: Finance I could possibly go the claims adjuster route. Finance teams vary from company to company. I’m a Finance Analyst and graduated with a bachelors in accounting, - Career-focused questions belong in r/DataAnalysisCareers - Comments should remain civil and courteous. 100% remote. However, I'm not sure which one to choose. Negotiating Salary - Financial Analyst vs Supply Chain Analyst . Get the Reddit app Scan this QR code to download the app now Financial analyst is a pretty broad title, generally it's focused on the P&L and budgets and putting together reports for internal decision-makers. Pension with match on 401 vs 6% match only with the other company I am recently applying my internship for investment bank in uk and interested in both analyst and trader. However, corporations like to poach good internal SFA's to manage other departments since you're already familiar with how its expenses and operations impact the company. That is the financial analysis part of accounting. I Offer 1: Financial Analyst at a F1000 company, they have good internal mobility and allow you to jump to different types of Finance departments Offer 2: Financial Consultant, in-depth finance knowledge not needed, more of a tech implementation/training role, but still considered consulting Financial analyst could mean anything from Wall Street to data entry. also found that alot of what i do can be used in audit and even tax as well. I am exiting public accounting with 3 years of experience as an auditor. I’ve worked as a financial analyst at 3 companies and only one had any CFA type roles. I've been offered a good first position in a rotation program that starts at about 70K with amazing benefits and a 37. This could be audit, commercial finance, FP&A, treasury, IR, etc. Additionally, when thinking about the bigger picture, FDD will give you the M&A/transaction exposure that will make you a pretty impressive finance professional. The world will be your oyster then. Explore the difference between Auditors and Finance Analysts in their roles, responsibilities, skills, salary, One of my coworkers that came from B4 Audit would constantly get lost in the weeds and would struggle with the story telling aspect of FP&A I came from big 4 audit. I did the FMVA program but most employers only see my lack of experience. At least in Canada, most job postings require 5-8 years of experiences. Reply reply Seeking Advice: Big4 Audit vs. Or check it out in the app stores CFI or 365 financial analyst, which is better? Share Add a Comment. I hated that too. 2. Reply reply nvin123 Cliche, but, it is what you make of it too. My OPM career code is 0511 for those interested. Any advice on pros and cons? Also info about your own experience from either would be helpful! My first company used the AFA title, which is basically the entry level financial analyst job title. The thing about these sweeping generalisations is that they're sweeping generalisations. While the credit risk pays more , I heard that FP&A is more interesting work and provides better exit opportunities. And that's just this period - come Q2 I'll have different clients again. View community ranking In the Top 1% of largest communities on Reddit. I have two general paths set before me at this time. Typically, when we refer to financial analyst on here we mean FP&A because it’s the “sexier” of the financial analyst roles Hello to people on Reddit, I'm currently a Financial Advisor at an RIA firm located in Atlanta, GA. I have been working as an Investment Analyst at a wealth management firm ($2b AUM) where we manage a portion of financial advisors’ portfolios around the U. Log In / Sign Up; Inspector vs auditor . Reply reply CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. This can be either improving communication of/efficiency in creating financial deliverables, modernizing old systems/processes, or finding new ways to improve your bottom line! Your initial compensation is a reflection of your potential to exceed expectations, not Get the Reddit app Scan this QR code to download the app now of Science degree in Business Management specialized in Finance and I am considering starting my career as either a Financial Analyst or a Financial Advisor. Great pay (making 60,000 with one year of PA experience in one of the lcol places in the us. I like posting journals and writing my own You can get into a financial analyst position out of grad. Financial analyst vs senior financial analyst and comp . Generally speaking, jobs listed as financial analyst someone who does finance for a company. I am a recently qualified CPA and have 2 offers. Financial Analyst can range from back office at a big bank to cost accountant. There's a difference between Senior Financial Analyst, Financial Reporting, vs FP&A. Left a smaller company in the same area with the same title last year where i was paid $81k. Senior Financial Analyst, MCOL, $97k, not sure about bonus percentage cause I've been here less than a year. What is the difference between an auditor and a inspector? A place for discussion and study tips for the Chartered Financial Analyst® (CFA®) program. I am not sure which opportunity has a better promotion path and which gives me more exit opportunities. I want to be a financial analyst. Took a financial analyst job (corporate finance) at a very reputable life science public REIT How I got the offer: Took Justin Kivel’s break into CRE courses (CRE 101, financial modeling, waterfall analysis, and private equity exam courses) ***pro tip: I bought his courses (5) on Udemy for < $100 during their sales event (happens regularly). As someone mentioned FP&A is a group/function. Do you really want to Get app Get the Reddit app Log In Log in to Reddit. I would like to know more about the future career opportunities compare analyst and trader (in terms of promotion and salary). 5 hour workweek (people Need to decide between a full time offer at a big 4 in audit, or a full time offer as a Credit Analyst at a nonprofit with 25B-45B in assets. I went from Audit > FDD > FP&A. Financial reporting advisory is not stuck to one file and one client. Consulting vs. My priority is higher pay. Amazon Business Unit Finance Rotation Program in Seattle, WA -Compensation: 70k starting salary, 13k sign-on bonus for 2 years, 7000 to move there, and 40k in RSUs that vest over 4 years 2. I read on another reddit post for MBB consulting that while none of these types credentials help much CPA might actually be a bit better since it gives you A place for discussion and study tips for the Chartered Financial Analyst® (CFA®) program. I just started working as a financial analyst not long ago, was thinking pursuing into cost accounting or maybe IT data anlayst(i guess there wont be much interactions as fp&a?) View community ranking In the Top 5% of largest communities on Reddit. So in larger companies, you get a 3rd component of finance, which is commercial/strategic finance, where FP&A focuses very much on budgeting/forecasting, and commercial focuses on decision making analysis. Or check it out in the app stores Controller, Financial Analyst, Manager of SEC Reporting, Internal Audit, etc. ewdkfh ckslzi ziq crfthw jnia uzftat iog lvvhj teun popv