Entrepreneurship to Finance
Hi WSO,
I'm a 24 supply chain analyst working in a mid to large O&G supply company in Houston. Graduated from McCombs with a finance degree and looking to what I should be doing next to move into higher levels of finance.
Background:
Started auto parts distribution company sophomore year of high school and ran it throughout college and 2 years after. GPA (3.1) suffered to run this business, but I was ok with that. I also did not plan on doing anything other than my business so I didn't recruit or intern. Probably a stupid young decision at the time, but I was sure I knew what I was doing. Unfortunately COVID put a stop to this and I found I wanted to take a different direction in life and gain more knowledge in finance.
My current role is fine, but it's not exactly where I want to be in life. In the long run my love is finance and I want to work towards building up businesses but I want to work in the industry at a higher level and use my knowledge and mistakes to make a better career.
Couple different directions I'd like to know your thoughts on:
1. MBA to IB/Consulting. Straight forward. I'd be 27 on graduation, entering associate role, probably shift after 3 years. Sooner would be better but this is my current plan.
2. Network my ass off for IB analyst role. Likely a longshot but not unheard of to have 24-25 year old analysts. Fair amount of regional/boutiques in Houston and I think my background is strong
3. Shoot for relatively less competitive spots try to work my way into a corporate side/supply chain at a larger company to get more credibility. This has quite a lot of variety of roles so not exactly sure where to take this. Probably would be stuck into the management side as well so not super set on this.
And I'm sure there are other opportunities like fellowships or MS Finance or things I'm not thinking of that bigger brains on here can point me towards.
tldr;
Entrepreneurship didn't pan out and the sacrifices I made combined with the after graduation timeline puts me in a grey area. Working as a supply chain analyst wanting to move into the big leagues but I'm lost. Need some outside eyes to tell me their opinions. What should I do next?
Look forward to flinging monkey shit with all you guys!
Approach 1 works and has the highest probability of success in getting into IBD but is expensive and is dependent on the program you get into.
Approach 2 probably has the lowest probability of success without prior banking/finance experience. Unless you know an MD directly, would be hard getting a shot.
Approach 3 would be your middle ground. It’s possible to build out your pathway to IBD but will take time and experience.
If you can afford it, I’d say Approach 1 is the easiest and fastest way. Otherwise, I’d take Approach 3. While you’re doing either, I don’t see what could stop you from still networking intensively to increase your chances.
Good luck!
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