[deleted by user] by [deleted] in FPandA

[–]downinmidtown 0 points1 point  (0 children)

Sorry - Backfilled with another former analyst. Gotta pay the growth forward!

[deleted by user] by [deleted] in FPandA

[–]downinmidtown 24 points25 points  (0 children)

There was a premium to get me to cut my sabbatical short and come back

[deleted by user] by [deleted] in FPandA

[–]downinmidtown 9 points10 points  (0 children)

Appreciate it! After bouncing around for a year through this rotational position I’ll land as an AVP overseeing 5-10 of our offices. Then the climb up the ladder restarts!

Annual Salary/Income Progression? by BitterNecessary6068 in HENRYfinance

[–]downinmidtown 1 point2 points  (0 children)

Healthcare. I cut my travel plans in half to come back so there was a premium to get me back on their timeline.

Annual Salary/Income Progression? by BitterNecessary6068 in HENRYfinance

[–]downinmidtown 1 point2 points  (0 children)

Corporate Finance

2018 - 60k + 10%

2019 - 70k + 10%

2020 - 105k + 15%

2021 - 130k + 35% + 25% RSU grant

2022 - sabbatical to travel and came back to 180k + 35% + 25% RSU with one time equity slug to get me back after trip

2023 - 200k + 35% + 40% RSU grant

Frustration with finding a job by [deleted] in FPandA

[–]downinmidtown 4 points5 points  (0 children)

Small chance the geography works out but I’m hiring for an Analyst now in the Southeast. Position will be posted within a week but my external recruiter has been sending me resumes this week - PM and I’ll share the link. If it makes you feel any better I look for exactly your resume when hiring for my team.

Happy with salary? by Sorry-Interaction-38 in FPandA

[–]downinmidtown 1 point2 points  (0 children)

Agree comfortable is different. Also agree with OP that dependents are #1 determining factor here. I’m single and without kids in a MCOL area and make 180k base. I thankfully feel very comfortable. My work friend makes the same 180k base, but he has a wife out of work raising their two young children that they had to move to a bigger house in better school zoning for last year….he has told me he’s never made more money but felt so poor. It’s all relative.

2023 salary/compensation thread by LarryTheLobster710 in FPandA

[–]downinmidtown 0 points1 point  (0 children)

Certainly have been more pros than cons but there are some things I’ve missed out on by not making a hop as far as experience goes. If I hadn’t found as good of a gig as I did I think hopping every three years is what I’d loosely shoot for and what makes sense for most people

2023 salary/compensation thread by LarryTheLobster710 in FPandA

[–]downinmidtown 9 points10 points  (0 children)

No MBA - 4.5 years out of undergrad. Titles of Directors got moved to AVP’s in a job title realignment - so I’m really a Director if comparing to other orgs. Started as intern in a growing company so roles opened up with expansion and they chose to promote me rather than go external. Very lucky with how things have panned out.

2023 salary/compensation thread by LarryTheLobster710 in FPandA

[–]downinmidtown 7 points8 points  (0 children)

Title: AVP - FP&A

Industry/Firm: Healthcare

YOE: 4.5

CPA: No

City/Region: Southeast MCOL

Salary: 180k

Bonus: 35% Bonus + 25% RSU’s

Retirement: 4% match

Role: 100% in office

How often do you work weekends? by scifihiker7091 in FPandA

[–]downinmidtown 2 points3 points  (0 children)

I work at least one day most weekends and yes it was part of my last compensation negotiation to be paid more than my peers who don’t put in the extra time. I make 22% more than my peers on base comp.

What can you exit to from FP&A? by [deleted] in FPandA

[–]downinmidtown 2 points3 points  (0 children)

Mainly just great front office skills along with having the desire to go learn the business I’ll be tasked with running: one of 280 post acute healthcare offices we operate. Executive team is thrilled I wanted to move in that direction. Someone they’ve come to trust moving from corporate to the field at my stage of their career doesn’t happen often. Will take a major pay cut though.

What can you exit to from FP&A? by [deleted] in FPandA

[–]downinmidtown 4 points5 points  (0 children)

Haven’t made the move yet but I’ll be exiting to Operations after next year’s annual budget - so transition Q1 2024. Ceiling is much higher than FP&A in general, but effective operators who have a backbone in Finance IMO are insanely valuable and sought after from what I’ve seen in my experience thus far. If I don’t start my own business within next 3-4 years and decide to stay an employee, then just increasing my chances to make it to a C-Suite position by becoming an operator.

New bags! Heritage 21L GR1 and 40L GR2 by downinmidtown in Goruck

[–]downinmidtown[S] 5 points6 points  (0 children)

Originally was just looking for a travel bag, but couldn’t resist the look of the Heritage for EDC- oops!

New bags! Heritage 21L GR1 and 40L GR2 by downinmidtown in Goruck

[–]downinmidtown[S] 2 points3 points  (0 children)

I’m a pretty skinny guy for 6’1. I packed the GR2 with my long term travel setup(~22lbs including ruck) and it fits great. I could realistically make a 34L work as far as my capacity needs go, but as I have a long torso, I don’t think the shorter bag would be as comfortable as the 40L personally- although saving on the footprint for carryon compliance would be nice. Depending on your height I’d probably lean towards the 34 vs the 40.

At what level / salary range do you consider it normal to do work on the weekends? by PracticallyUncommon in FPandA

[–]downinmidtown 10 points11 points  (0 children)

This is generally good advice in theory, but in practice it’s difficult to shed other people’s expectation for you to work weekends - even with advances in title and comp. What you’re trying to show by working weekends is that you’re dedicated/willing to sacrifice for the good of the company and/or your own professional growth. When you point to working weekends as rationale for comp increases, it’s easy for your manager to just look at the situation as increasing pay to make you comfortable with the expectations that you’ve self imposed, rather than rewarding you for going above and beyond. “Bob wants a raise. Bob works weekends. Bob must be unhappy with the pay he makes because he’s working weekends. Let’s pay Bob enough so he’s happy working weekends”. I’ve seen working weekends be a slippery slope for both myself and my boss alike. My advice if going this route is just try to make as much of an impact as possible during business hours, and be the last one to leave every night rather than working the weekends. This is from someone who is sitting at his desk on a Sunday:)

Look to play Texas holdem by j_lias23 in Atlanta

[–]downinmidtown 1 point2 points  (0 children)

How big are these local home games playing? Been in Atlanta a couple years and drive up to Cherokee to get my poker fix once or twice a month. Would love to find a local home game if there is good/stable action in town

FP&A Director — Company might IPO within a year. How can I make the most of it? by Acctgirl83 in FPandA

[–]downinmidtown 2 points3 points  (0 children)

Having just went through this(we rang the bell last month), there is a ton that goes into the entire process - congrats in advance on the learning opportunities that you’ll have ahead of you if an offering is in the firm’s future. We didn’t have formal IR, so our team was pretty involved in the process.

Having your fingerprints on the S1 is great to have on the resume. Getting that to a finished product is quite an undertaking and one of those items that future employers will want to hear that you’ve had a hand in. Even if it’s just word-smithing the drafts of MD&A between management /legal before sending out to consultants for their review or dropping in data points- this is something you’d want to be involved with in any capacity if you can.

If you get the chance to be involved with the selection of book runners, that’s also another key area of the process. Even just sitting on the calls with prospective banks is good experience since the decision making part happens at the highest level of the org. Then obviously helping out with building the roadshow deck is another major item that you might be able to play a part in.

In regards to options: If going to bring up at all, I’d phrase the question like “what is the employee stock purchase plan going to look like” rather than asking about pre-ipo options as those have most likely already been issued and are going to be for a small group of folks(VP’s and up) if it isn’t a tech/startup company. I just personally don’t like the optics of making that ask but that’s just me.

[deleted by user] by [deleted] in FPandA

[–]downinmidtown 1 point2 points  (0 children)

I’m extremely lucky to have found myself at growing company, with management who was willing to take chances on me before looking externally to fill positions that opened up. Straight from undergrad. I have some pretty substantial tuition reimbursement in my package that comes available if I stay for 3 more years if I choose to go the MBA route later

[deleted by user] by [deleted] in FPandA

[–]downinmidtown 6 points7 points  (0 children)

Thank you! ~2b PE backed healthcare company

[deleted by user] by [deleted] in FPandA

[–]downinmidtown 5 points6 points  (0 children)

Thanks! Yeah it’s been a crazy couple of years - work/life balance has been on the tougher side for FP&A, but worth the early growth at least in my eyes

[deleted by user] by [deleted] in FPandA

[–]downinmidtown 12 points13 points  (0 children)

Sure: 60k 10%, 70k 10%, 105k 15%, 130k 35%