After getting my undergraduate physics degree I was quite convinced that I’d like to do something different, and I considered a lot of possible jobs, I talked to several physicists that went into other fields and I investigated through internet the job possibilities that the physics degree offered me. And finally, somehow by chance I ended up doing financial consulting.
After a selection process where the most valued assets are the ability to adapt, the willingness to travel and the knowledge of several languages, I started with an intensive (paid) training period of about one month where the relations with your co-workers are promoted and where a physicist can learn quite a lot (about finance in general).
After this training period, I was assigned a project in a bank about credit risk (the bank’s risk of loss arising from a borrower who does not make payments as promised).
The general dynamics in this company is that of short-length projects (between 3 months and 1 year) in different companies in the financial sector, where you do different things in every project. Usually one becomes eventually an expert on a certain issue, and after a few years most of the people look for a different job in the same industry. A job at a consulting company is seldom a lifelong job, since it requires some sacrifices that people is not willing to make when the years pass by, like usual change of residence or making extra hours every now and then. However, it is a great way of being trained, acquire experience, introduce yourself in the financial sector, travel quite a lot and build a strong résumé.
The standard worker of the company are Law and Business graduates and engineers. Physicists are usually sent to very quantitative positions (the famous quants), although in Management Solutions we have the opportunity of working at more functional positions, more focused on the clients needs, processes improvement, implementation of regulations, …
The job burden is not excessive (at least not for physicists), but there are some hard-work periods every now and then.
More details if you’re interested in this post:
- Where should I send my CV?
You can find ads on some employment websites (infojobs is kind of famous in Spain) and in the employment assistance center and career fairs of your university.
- Where can I find more information?
You can find more information about Management Solutions in their website.
- Important qualities to get the job:
Languages and initiative.
- What is the typical salary level in the first 5 years?
It’s in the 15-30K/year range, closer to the 30K, with strong increases every year.