Hi All,
I'm not looking for a new job, unless I can double my salary. But, I came upon a listing(s). I honestly realized I don't know the difference between FP&A and Asset Management? I think this must have something to do with company size. My princiapal experience has had me working with companies with max 60 people so, is there a difference?
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FP&A is basically Corporate Finance and Financial planning in regards to the company.
For example, I interviewed for an FP&A position at Vornado awhile back. It was basically Budgeting, Forecasting and such at the Corporate level not Property. So basically, the AM teams would send their projections and you would look at from a corporate level returns/projections view point.
In essence, it is entirely different and not at the Property level like AM is.
which job has the most prestige? And or pay? I feel like there is a head of AM or EVP, but no head of FP&A, what would the next logical step by CFO(? that can't be right)
FP&A vs AM are two completely different paths.
FP&A = Corporate Finance Asset Management = Real Estate
People in FP&A at say a REIT or whatever real estate company, are not usually “RE guys”. FP&A is a great general career path especially at a F500 but it’s a Corp Finance path. People usually climb the ladder to Director and above levels or they make the transition to Corp Dev/Strategy.
Thank you
Also, what is a Financial Analyst, and how is it different than an Analyst/Associate. I've seen several that do acquisitions and asset management, just different title.
The analyst above said it pretty well. FP&A is considered "pure finance", we have one person in our business unit with an FP&A title, reports directly to the CFO. He does mostly budgeting, forecasting, and items related to financial reporting.
He does interact with the teams that do asset mngt, and he has some RE finance work in his background, but in no way would he be a "real estate" person, but is on a track that could lead him to a CFO position.
AM, at least in my mind, is true real estate job managing the RE assets. I would guess in some firms, the AM team/persons do the FP&A work (at least at the asset level), but true FP&A would be corporate.
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