I'm curious about the different groups you might find: financial planning & analysis, development, etc. I'm also curious as to what it's actually called: finance department, corporate finance, etc.
It's for a little project I'm working on, any help would be much appreciated (particularly from gold star folks - I've got some SBs stashed away).
From my SA in Treasury at a F100 Insurance Firm:
Public Company w/ 500+ Employees & $3B Rev
Fortune 100 Company: In descending order (by most employees to least) - Program/Product Control - Finance Department (for the Business Units) - Financial Planning & Analysis - Finance Department (by Business Unit and Corporate) - Estimating & Pricing - Finance Department (by Business Unit) - Operations Finance - Finance/SCM (by Business Unit) - Accounting - Controlling Office - Internal Audit (Corporate)
- BD Finance - Finance Department - Corporate Strategy - Pretty much standalone - Corporate Development - Pretty much standalone - Treasury - Finance Department
For F300 Company:
Corporate Strategy: Corp Dev (corp level and business unit level), Comps Research/Capital Markets (they do a ton of benchmarking at both levels), Business Development (focused on new market opportunities and works w/ business unit leaders)
Corporate Accounting: Controlling, Reporting, Internal Audit, Payroll, Tax
Corporate Finance: FP&A, Project Finance (works on firm-wide intiatives like ERP, and business unit level), Treasury, Pricing
It varies by company but I worked in corporate development at a Fortune 50 and this was my company's structure more or less:
Corporate Development: M&A, JV's, capital markets advisory (treasury did most of heavy lifting though nd own those banking relationships), investments, enterprise level commercial partnerships (if a commercial partnership needed capex we got involved). 30% of time sourcing new deals, 70% executing on business unit / Senior Management ideas, enterprise level strategy and post-merger integration and strategic planning for post-merger deals. Think of portfolio management in PE for the 6- 9 months after a deal. Lots of interaction with bankers and VC and start-up community
Strategy: My firm had a strategy team in every business unit so corporate development took care of enterprise level strategy but most firm, strategy does enterprise level and other management consulting type projects. In my firm they do strategy for each unit and other cost saving, high growth market initiatives. They also do a lot of the deal sourcing for the business unit
Business development: they do new business opportunities for their division. Their deals are commercial in nature and only touch their unit. Lots of deals but if a deal ever needs capex or touches multiple division, corporate development comes in.
Finance: FP&A, budgeting, project ROI calculations, they also work in deal in terms of providing key assumptions and owning the deal 6 months after closing.
Treasury, self explanatory but they also do heavy lifting for capital market transactions
Accounting
Audit
Finance for a regional bank with ~70B in assets and ~3B in revenue:
Controller's group - FP&A, Accounting, Reg. Reporting Treasury Corporate Development
At my company a F1000 semiconductor firm it's all rolled under corporate finance but there are different groups for each function.
All groups under Global Finance
Tax Internal Audit Corporate FP&A Treasury Corporate Accounting/Controllership. Investor Relations/Competitive Analysis. External Reporting Business Unit/Operational Finance (regional reporting/controllership/fp&A). Fab controlling. Accounts Receivable and Credit. Cost Accounting.
Then business development is a separate function altogether. They handle in-house strategy/corp dev.
Corporate Finance: Need explainer on different roles/operations (Originally Posted: 08/12/2014)
Hi all, I'm trying to narrow down what entry level roles I could go for in corporate finance once I complete my finance and banking master's. Can anyone break it down for me into the different divisions and roles... also how different is to investment banking in terms of what is involved? Cheers and apologies for current cluelessness.
There are several posts on this already, start some of the threads on here.
Non soluta porro libero dolores est. Impedit distinctio nostrum ut magni beatae.
Ut maiores eius voluptatibus adipisci rem. Quaerat numquam recusandae tempora expedita voluptatem. Omnis vel atque alias natus omnis. Quasi accusamus placeat molestiae architecto optio.
Molestiae eos doloribus autem magnam. Cumque numquam et eius ex. Ut dolor minus fuga reprehenderit dolor. Omnis minus repellat laboriosam nesciunt.
Esse autem velit beatae sunt quod deserunt. Suscipit ullam eum delectus asperiores similique sed neque. Quia nesciunt fuga in ratione et architecto. Voluptas qui id veritatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...