Finance Business Partner Is A Bullshit Job!
WHAT!?! Are you serious? Youâre always advocating for how great business partnering is and how much value it could add to the company bottom-line? Thatâs right but the key word here is âCOULDâ because in most cases it doesnât!
Why is that? Mainly because too much time is spent on correcting data, producing reports, and analyzing numbers to death. These activities are not business partnering. They are enablers of business partnering. That means most business partners are only enabling business partnering and not actually doing it. That, of course, must change because we need to realize the value potential of the finance function so that it becomes a driver of value creation. Letâs explore how we can create that change.
Whatâs a âbullshit jobâ and how do I make sure mine if not one of them?
A bullshit job is a job that essentially is meaningless. Its work that leads to no real impact and becomes psychologically destructive when paired with a work ethic where work gives self-worth. The term was coined by David Graeber in his book from 2018 âBullshit Jobsâ.
How is this relevant to business partnering? Letâs explore that further.
- For one when your job is to do business partnering but most if not all of what you is not business partnering. In that way your job becomes meaningless.
- One could also argue that despite data, reports, and analysis is supposed to enable business partnering those tasks in themselves rarely lead to any tangible outcome. Why is that?
o You might make the data cleaner but itâs never perfect
o Your reports only show what business stakeholders already know
o Your analysis goes on forever and ever without producing a single piece of insight
- Moreover, as a business partner, you're told that your mindset should be about more than getting paid at the end of the day. Youâre told that youâre going to get a very meaningful job thatâll impact the value creation in the company. Unfortunately, you find out that rarely does this hold true and your situation becomes destructive and you might go down with stress.
But this is not how business partnering is supposed to be, right? Well, not if you ask me. However, the reality is as described above in many companies and many business partner roles. Does the real question become if weâre truly ready for business partnering? Because if weâre not ready and Iâm sorry to say then thereâs no way around landing in a bullshit job!
How can I tell if my company is ready?
Here are the questions I would ask your manager or hiring manager if youâre interviewing for a business partner role.
- Does your/the company have a defined framework for what business partnering is?
- Have people been selected based on their fit with this framework?
- Has your/the company provided training to people to become better business partners?
- Do leaders devote considerable time to observing business partners in action and give them feedback and coaching on how to become better?
If the answer to all questions above is positive then I would confident that youâre going to do genuine business partnering work. However, if they cannot be answered properly then it should raise some serious question marks about the companyâs business partnering approach. So, let this be the test of whether youâre going to land in a bullshit business partnering job or not. At least now youâre equipped with a way of protecting yourself from landing in this situation.
If you think your business partner role is bullshit then donât hesitate to reach out for a talk about how we can help make things better for you!
You can read a lot more articles about FP&A, Business Partnering, and Finance Transformation below. It all start's with âIntroducing The Finance Transformation Nine Boxâ where you set the ambition for your transformation. You should join the Finance Business Partner Forum which is part of the Business Partnering Institute's online community where we will continue to discuss this topic and you can click here to follow me on Twitter.
Your Journey To Successful Business Partnering Explained
How To Create Value Through Business Partnering
Everyone Can Adopt A Business Partnering Mindset (part of a six-article series about FP&A Business Partnering)
From Business Partner To Working Within The Business (part of an article series where I interview finance professionals about their careers in FP&A and Business Partnering)
Is Your Product Optimized For Value Creation? (part of a toolbox series where we look at what tools FP&A professionals should leverage to drive value creation)
How Business Partners Turn Analysis To Insight (part of case study series where I interview business partners about how they drive value creation using real cases)
The Future Of FP&A: Two Ways To Take The Reins
What Is The Accounting Profession Paradox?
What Defines A Finance Master?
The New Career Path For Finance Professionals
How Finance People Can Be More Successful
The CFOs Roadmap To Transforming Finance
How To Become A Finance Business Partner
Financial Analyst vs. Finance Business Partner
Youâre A Finance Business Partner, Now What?
Building A Team Of Finance Business Partners
Anders Liu-Lindberg is a Senior Finance Business Partner at Maersk supporting our largest product and I have more than 10 years of experience working with Finance at Maersk both in Denmark and abroad. I am also the co-founder of the Business Partnering Institute and owner of the largest group dedicated to Finance Business Partnering on LinkedIn with more than 7,000 members. My main goal at Maersk is to show how to be successful with business partnering and drive value creation as a trusted partner. I am the co-author of the book âCreate Value as a Finance Business Partnerâ and a long-time Finance Blogger with 33.000+ followers.
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5yWhy dont you want to be Vice president of Calendar's
Budding Entrepreneur|Blockchain Enthusiast|Finance Professional|Fortune 500|FMCG| Pharmaceuticals|Medical Devices|Big 4
5ySo very true. Also I see an opportunity here for finance to take the initiative to change the traditional way of reporting to being the trusted business partner with a new set of values and doing business that showcases how business can leverage finance to make informed decisions and outcomes. An opportunity to try the influencing skills and change the mindsets to be more open to embracing new trends and practices with the ultimate goal of doing what's in the best interest of the business
Global Head of Finance Operations
5yI could not agree more. Too many organisations misuse their financial business partners and fail to spot the structures and governance needed to make the role work. There are generations of number crunchers slaving away on analysis and representing numbers. In most cases this is pushed back until it aligns to management gut feel. Far from adding value and informing good choices, it is used to provide spurious validation for decisions already made.Â