Why I Chose To Step Away From Finance And Joined TAS – An XLRI Alumna’s Journey

The following is a transcript of the author’s insightful talk at InsideIIM’s Konversations on Finance Careers, conducted in early 2019.

I first started considering a career in Finance when I was 18, just after my 12th standard. And in the decade that followed, I spent eight years doing something or the other related to Finance. At the age of 28, I stepped away from Finance for good. In this post, I will tell you about:

Miti Vaidya

Miti Vaidya is an alumnus of XLRI School of Business (Batch of 2011). She is currently loving her job as Product Manager of Konversations.com and is part of the leadership team at InsideIIM-Konversations. Prior to this, Miti spent 5 years with the Tata Group as part of the prestigious TAS programme. A graduate from Narsee Monjee College of Commerce & Economics (Batch of 2007), Miti has also completed her C.A.

Comments

11 comments

mitivaidya

Hi Manoj, no, I was in Business Management at XLRI, not HR. If you join any of the general management profiles (like TAS or ABGLP) or a management consulting firm (like BCG or McKinsey), then it is quite possible to move out of HR to other business functions. However, if you get into pure HR roles right from the beginning, it may be harder to move out. There are people who have done it, of course. But most people who get into XLRI HR do so with the intent of making a career in HR. Moving into a start-up could be another opportunity to move out of only HR profiles.

Gireesh

Hi Miti, I’m 24 and I just completed CA and I want to pursue a course in finance. I’m perplexed whether to do CFA now or to work a couple years in a finance role and then do MBA. Which one would you recommend

mitivaidya

CFA is not a full-time course, so technically you could do CFA alongside your work now, and then figure out later whether an MBA is going to add further value.
If you already have a CA and / or CFA, then in my opinion you should consider doing an MBA only if:
1. You’re not getting the type of roles you want
2. You’re not satisfied with the level of remuneration you are getting
3. You think that the intangibles of a B-school brand name and network will be highly valuable / required
Of course, the actual difference of any of the above 3 points depends indirectly on the type of B-School you get into. With a CA / CFA, your remuneration is anyway likely to be higher than that of a graduate. Will it be worthwhile to forego that for two years + make a substantial monetary investment in the MBA? As a general thumb rule, for someone who is already a CA / CFA, I’d say do an MBA only if you’re getting into one of the top 5-10 B-schools (assuming you’re considering only India).
It’s hard to provide a clear either / or answer to such questions because there are so many variables in actual career graph, but hopefully this gives you some direction to think in. Cheers!

Purva Sharma

Hey miti great reading your article
I’m currently working in tata power . And was so surprised to read that you were also a part of this organization