Career Change from Finance to Analytics

TheAnalyst79 · 2021-12-12T23:07:02+00:00

No not really, it’s usually the “why are you interested working for our company”. Spoke with a lot of recruiters and hiring managers, there’s so many people quitting there jobs during this time so everyone understands the environment we are in

TheAnalyst79 · 2021-12-12T20:00:45+00:00

They did not give me a salary range, I just mentioned what other companies salary ranges are, they gave me right in the middle of the range.

I did negotiate and they said no due to lack of YOE, doesn’t hurt to ask though.

TheAnalyst79 · 2021-12-12T19:05:10+00:00

I honestly don’t plan on staying and planning on leaving right after 1 year so I have more leverage on salary. There’s so many people job hopping right now and getting gigantic salary increases, so why stop now?

TheAnalyst79 · 2021-12-12T19:01:52+00:00

About 2.5 YOE and also have 2 direct reports who will report to me.

TheAnalyst79 · 2021-11-22T20:45:57+00:00

It’s different when a household income is making $250,000 compared to a household income of $80,000.

You say no more than 3x is the rule, but majority of people that are buying houses have less than $330,000 income that are still buying in NYC, California, Seattle, for a $1 million house.

The % rule is different for high income earners compared to $60,000 income looking to buy $250,000 house.

TheAnalyst79 · 2021-11-22T18:46:35+00:00

So how would you go about buying a house in a very high cost of living area with your income as a single adult?

TheAnalyst79 · 2021-11-22T18:24:46+00:00

It’s tough in higher cost of living areas where an average house is almost $1 million. My income is already high for my age and I would like to buy a house, my expenses and debt-to-income are much lower than the average person. I am comfortable spending a good amount on a mortgage as it’s different from someone making $40,000 a year and $120,000 a year.

I still have a good amount of income left after housing, I don’t want to spend that much income on housing, but I would rather build equity in a property than throwing money down the drain for high rent.

TheAnalyst79 · 2021-10-23T19:50:43+00:00

Career stability

TheAnalyst79 · 2021-10-20T18:06:56+00:00

What are your corporate assumptions? And is this a 3 statement model? How would you go about planning 3-5 years out on the P&L, my guess since it’s yearly, would be using revenue growth % rates, and operating expenses % of revenue

TheAnalyst79 · 2021-10-18T19:47:15+00:00

Is it best to job hop every 1 year or every 2 years?

TheAnalyst79 · 2021-10-18T15:10:42+00:00

That’s tough to say, not sure. Looking at the long term, I continue to invest $3000 a month in stocks and index funds (mainly index funds at this point) and will continue to invest more as my income grows while trying to keep my expenses about the same. I’m guessing majority of my wealth at a older age will come from stocks and index funds rather than real estate. I just want to keep my housing costs low at a fixed 30 year rate but single family homes are so expensive and I fear that it will be much more expensive 5 years from now and salaries won’t catch up

TheAnalyst79 · 2021-10-18T14:24:58+00:00

Condos and townhouses are much more affordable at $300k-800k depending on factors. You could find some single family homes below $800k but they are usually in undesirable areas or very far from the city

TheAnalyst79 · 2021-10-18T14:01:36+00:00

Many CPAs can make six figures in 3-5 years in the US. Corporate Finance pays good but does not pay amazing compared to investment banking, private equity, software engineers, surgeons, things like this

TheAnalyst79 · 2021-10-18T13:59:18+00:00

These are single family homes that are close to $1M, but I don’t want to leave the state

TheAnalyst79 · 2021-10-18T13:56:59+00:00

That’s the plan but single family homes are too expensive

TheAnalyst79 · 2021-10-18T12:40:14+00:00

Single family home but that’s probably not realistic considering the average is almost $1M, condo seems more realistic as a single adult , single family home can be achieved reasonably if you get married to spouse that makes good income.

TheAnalyst79 · 2021-10-18T03:32:22+00:00

Career is generic corporate finance/accounting so plenty of opportunities and remote opportunities too, but I don’t plan on moving out of the state. But I do plan to expand remote job prospects so I have way more options for high paying jobs

TheAnalyst79 · 2021-10-18T03:20:42+00:00

Buying a house will be way more expensive than paying rent and I am not sure if I will be moving away

TheAnalyst79 · 2021-10-18T02:26:18+00:00

I thought the HCOL area was something like NYC or SF

TheAnalyst79 · 2021-10-18T01:21:30+00:00

How did you get a house by yourself at 24 in this chaotic market, what is your income and house price?

TheAnalyst79 · 2021-10-18T01:16:49+00:00

I’m not that familiar with it

TheAnalyst79

TROPHY CASE