Erica is a certified public accountant based in Idaho, managing a virtual accounting firm that provides accounting, bookkeeping, and fractional CFO services. Her journey began at KPMG, a Big 4 public accounting firm, where she spent two and a half years before transitioning to corporate finance at Walgreens. There, she discovered her passion for financial planning and analysis (FP&A), which shaped her career trajectory.
At Walgreens, Erica initially focused on fixed assets accounting before moving into FP&A. She explained that FP&A involves creating budgets for companies, reforecasting throughout the year, and analyzing financial data to guide business decisions. Her role included budgeting, forecasting, and working closely with various business units to ensure financial plans were realistic and aligned with operational goals. Erica emphasized the importance of continuous forecasting and analysis to adapt to changing business conditions.
Pros and Cons of Corporate Finance
Erica highlighted the benefits of working in corporate finance, such as gaining diverse experience and exposure to different areas of a company. She mentioned that large companies like Walgreens offer opportunities to learn and grow, making it a great resume builder. However, she also pointed out the challenges, including the complexity of working in a big organization, longer hours, and dealing with various stakeholders.
Erica is as a certified public accountant based in Idaho, managing a virtual accounting firm that provides accounting, bookkeeping, and fractional CFO services. Her journey began at KPMG, a Big 4 public accounting firm, where she spent two and a half years before transitioning to corporate finance at Walgreens. There, she discovered her passion for financial planning and analysis (FP&A), which shaped her career trajectory.
At Walgreens, Erica initially focused on fixed assets accounting before moving into FP&A. She explained that FP&A involves creating budgets for companies, forecasting throughout the year, and analyzing financial data to guide business decisions. Her role included budgeting, forecasting, and working closely with various business units to ensure financial plans were realistic and aligned with operational goals. Erica emphasized the importance of continuous forecasting and analysis to adapt to changing business conditions.
Pros and Cons of Corporate Finance
Erica highlighted the benefits of working in corporate finance, such as gaining diverse experience and exposure to different areas of a company. She mentioned that large companies like Walgreens offer opportunities to learn and grow, making it a great resume builder. However, she also pointed out the challenges, including the complexity of working in a big organization, longer hours, and dealing with various stakeholders.
15-Hour Work Week: A Future Trend?
Erica discussed the growing shift towards a more balanced work-life approach, especially among younger generations. She believes that while the finance industry is slow to change, there is potential for more flexible work arrangements in the future. Erica’s story illustrates that it’s possible to achieve professional fulfillment without sacrificing personal time, and she encourages young women to explore various career paths in finance and accounting.
Advice for Aspiring Financial Professionals
Erica’s advice for aspiring financial professionals is to gain diverse experiences and keep an open mind about career possibilities. She stressed the importance of education and building a strong foundation in finance and accounting, whether through corporate roles or entrepreneurial ventures. Erica’s journey demonstrates that with the right knowledge and mindset, it’s possible to create a fulfilling and balanced career in finance.
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