If you want to transform IT, start with finance

Re:If you want to transform IT, start with finance by andrewlgood on Tuesday July 13, 2021 @06:57PM (#27827252)

I do not recommend getting an MBA or some other financial degree. Rootsudo's response is excellent. There are actually very few financial concepts involved in these types of analyses (e.g. discounted cash flows, IRR, and NPV).

IMHO, the best thing you can do is work with someone in your FP&A (Financial Planning & Analysis) group discuss your investment idea and why you think it is a good idea. If they are a decent analyst, they will help build a model to describe financially your investment opportunity. This is what they live for.

[ Parent | on HN ]

Re:If you want to transform IT, start with finance by planet-and-halo on Tuesday July 13, 2021 @07:24PM (#27827452)

Thanks, appreciate the suggestion.

[ Parent | on HN ]

Re:If you want to transform IT, start with finance by conductr on Tuesday July 13, 2021 @11:29PM (#27829366)

FP&A agrees. For what it’s worth, I never did MBA. I did finance undergrad and it just felt duplicative to do it again. It can be limiting to an extent but it’s also meritocratic once you’re in. It’s a screening question for many employers at the manager/director level and up but if you haven’t built a strong enough network by then than something is off anyways. (Make friends with recruiters.)

[ Parent | on HN ]

Re:If you want to transform IT, start with finance by shnock on Tuesday July 13, 2021 @09:22PM (#27828420)

I would agree strongly with the comment to which you are replying (the parent? This is my first time commenting :). The primary benefits of an MBA are not the knowledge learned and said knowledge is shallow enough that it is feasible to gain it without the degree.

[ Parent | on HN ]