How to get into a proper project finance job without a grad degree? Currently working as a generalist in energy project development
Should I get an MBA just because it will open up a lot more doors?
I talked to someone recently who encouraged me to get the FMVA, though he already had a CFA and experience in MBB which he said was key to getting referred in to his current fund.
My background is engineering undergrad at a T100 state school, 7 years work experience in engineering consulting, and 2 years work experience in hydrogen project development (doing all sorts of analysis and business development, with some exposure to modeling/fundraising).
Based on the most helpful WSO content, here's how you might approach getting into a proper project finance job without a graduate degree:
Leverage Your Experience: With 7 years in engineering consulting and 2 years in hydrogen project development, you have a solid foundation in the energy sector. Highlight your experience with analysis, business development, and exposure to modeling/fundraising in your resume and during networking conversations.
Networking: Connect with professionals in the project finance field. Use LinkedIn, attend industry conferences, and join relevant professional associations. Your current role in energy project development could provide networking opportunities with finance professionals.
Professional Certifications: The FMVA (Financial Modeling & Valuation Analyst) certification could be a strategic move, especially if you want to strengthen your financial modeling skills. It's less time-consuming and costly than an MBA and can be a good addition to your skillset.
Consider an MBA: An MBA can open doors, especially if you aim for roles that typically require or prefer this degree. However, it's a significant investment of time and money. Reflect on whether the MBA will provide opportunities that you cannot access through your current network and experience.
Alternative Education: Look into other specialized courses or certifications relevant to project finance that may be more cost-effective and time-efficient than an MBA.
Internal Opportunities: Explore whether your current company offers paths into project finance roles. Sometimes, internal transfers can be an effective way to pivot into a new area.
Skill Development: Continue to develop relevant skills such as advanced financial modeling, understanding of project finance structures, and industry-specific knowledge.
Showcase Your Engineering Background: Your technical background can be a unique selling point. Emphasize how your engineering skills complement financial analysis in project finance.
Remember, while an MBA can be beneficial, it's not the only path to advancing your career in project finance. Weigh the costs and benefits carefully, considering your current qualifications and the specific requirements of the roles you're interested in.
Sources: Are MBAs becoming less important?, Am I Thinking About an MBA Wrong?, How are MBA Programs Outside the Top 14 Viewed?, To anyone considering an MBA, Baruch MBA vs. NYU MSRE
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