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Erik, Financial Consultant at Raftelis Financial Consulting: Advize Career Interview

A Raftelis Financial Consultant's career journey began with a dual degree in geology and civil engineering, followed by internships honing time management and water resource expertise.

The current role involves translating complex utility data into financial models and dashboards using Excel, Tableau, and report writing, contributing to affordable water access.

A typical day includes client meetings and data analysis, demanding strong communication, problem-solving, and a willingness to learn.

Success in this field hinges on effective client interaction, insightful questioning, and embracing challenges.

The most rewarding aspects include a supportive work environment, impactful work contributing to community well-being, and the opportunity to network within the American Waterworks Association.

While a steep learning curve exists, particularly bridging STEM and finance backgrounds, the transferable skills from diverse academic paths are highly valued.

Entry-level positions like associate consultant are available, emphasizing practical experience and a dedication to learning. A crucial lesson learned is work-life balance; prioritizing personal well-being alongside career success.

This career emphasizes practical experience gained through part-time jobs and internships as crucial for success, complementing academic learning.

Advizer Information

Name

Job Title

Company

Undergrad

Grad Programs

Erik Milde

Financial Consultant

Raftelis Financial Consulting

University of North Carolina at Charlotte

N/A

Majors

Industries

Job Functions

Traits

Engineering - Civil

Energy and Utilities

Finance

Disabled, Took Out Loans, Worked 20+ Hours in School

Watch all of this Advizer's videos below

Career Path of an Environmental Civil Engineer at an Engineering Firm

Erik's career path began with a dual bachelor's degree in geology and civil engineering from UNC Charlotte, driven by an interest in "the natural world" and a desire for a "breadth of experience." This academic foundation was complemented by two years of internship experience at an international engineering firm focusing on water resource management, a role that required significant time management skills as Erik juggled work and classes, ultimately providing "a wonderful breadth of experience" and a strong base for their current role.

Main Responsibilities of a Financial Consultant at Raftelis Financial Consulting

Erik, a Financial Consultant at Raftelis Financial Consulting, translates complex data from various utilities—"water, wastewater, gas, electric, and a little bit of solid waste and renewables"—into financial models and dashboards for decision-making, utilizing skills in Excel, Tableau, and report writing to contribute to the "common good" while sharpening analytical abilities. This involves working with financial statements, future projects, and rate systems to create usable products for clients with varying needs.

A Day In The Life Of A Financial Consultant At Raftelis Financial Consulting

A typical day for Erik, a financial consultant at Raftelis, involves many client meetings across the United States, ranging from brief in-person sessions to strategic planning discussions. The remainder of Erik's workday focuses on coordinating with clients to gather necessary data, building financial models, and making "accurate, informed decisions," a process Erik describes as sometimes "hairy."

Most Important Skills for a Financial Consultant at Raftelis Financial Consulting

Erik, a Financial Consultant, emphasizes that while technical skills like Excel proficiency are valuable, the most important skills are "a willingness to kind of have meaningful interactions with people," a "desire to talk to clients," and "a willingness to learn" because each client and situation presents unique challenges within the complex world of water and wastewater affordability. Further, a willingness "to break things" and problem-solve is crucial for success in this field.

Favorite Parts Of Being A Financial Consultant At Raftelis

Erik, a Financial Consultant at Raftelis, most enjoys the supportive work environment—"some great mentors...they genuinely want you around"—and the impactful nature of the work, contributing to "affordable water and wastewater" access for communities, ensuring "safe water" provision. This allows Erik to see the direct positive effects of their contributions, a feeling absent from previous roles.

Biggest Financial Consultant Challenges At Raftelis Financial Consulting

Erik's biggest challenge as a Financial Consultant at Raftelis is the significant knowledge gap between their background in civil engineering and geology and the demands of state-level finance work, admitting "it's that willingness to wanna learn that...you gotta be able to admit". While acknowledging the learning curve, the interviewee expresses confidence in their ability to adapt and master the necessary financial skills, despite the initial hurdle of transitioning from a STEM background.

Favorite Parts of Working in the Water Resources Industry as a Financial Consultant

Erik, a Financial Consultant at Raftelis, enjoys the strong connection of his work to the American Waterworks Association, allowing for "interaction with a lot of great people" passionate about water resources, sustainability, and affordability. This networking and involvement in professional associations are key aspects of what makes the industry so fulfilling for Erik.

What Type Of Person Thrives In The Financial Consulting Industry According To A Financial Consultant At Raftelis Financial Consulting

Financial consultants, according to Erik of Raftelis Financial Consulting, thrive by possessing "a willingness to learn" and mastering the art of asking insightful questions—neither too basic nor overly advanced. This ability to ask appropriate questions, a skill not explicitly taught, is key to success in the field and something that develops with experience and a desire to improve.

What a Financial Consultant at Raftelis Wishes They Had Known Before Entering Financial Consulting

Erik, a Financial Consultant at Raftelis Financial Consulting, wishes someone had emphasized that a specific job title background is not always essential; the skills gained from diverse degree pathways, such as engineering or environmental science, are highly transferable and valuable, contrary to the assumption that career paths must directly align with one's degree. This realization, gained through experience, highlights the unexpected breadth of opportunities available beyond initially perceived limitations.

Entry-Level Positions For Aspiring Financial Consultants

Raftelis Financial Consulting hires many recent graduates as associate consultants, offering "great learning opportunities" including a three-day training course. The industry values diverse backgrounds, including those in environmental planning, economics, or history, emphasizing a willingness to learn and contribute, demonstrating the firm's commitment to developing entry-level talent.

Significant Career Lesson From a Financial Consultant at Raftelis

Erik, a Financial Consultant, learned that "it's okay to not make your career everything," prioritizing work-life balance over relentless career advancement. The pandemic reinforced this lesson, enabling a hybrid work schedule that allows for time with family and personal values, highlighting that "you work to live, you don't live to work," a crucial distinction often overlooked in career expectations.

College Experiences That Helped a Financial Consultant at Raftelis Financial Succeed

Erik, a Financial Consultant, prioritized practical experience over academics, stating that "one of the biggest setups...is to just go out and pursue part-time jobs with firms and companies." This included internships, which provided valuable professional skills—"baseline skills you just don't learn in a degree"—and allowed academic learning to translate into real-world experience.

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