4/12/11

Lets get some FAQs going on with Financial Leadership Programs. What do people want to know?

Comments (23)

4/12/11

What ones are there (let's get a huge list of them going) and what does it take to get into them.

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4/12/11
Al Bundy:

What ones are there (let's get a huge list of them going) and what does it take to get into them.

http://www.wallstreetoasis.com/forums/list-of-ft-f...

4/14/11
Al Bundy:

What ones are there (let's get a huge list of them going) and what does it take to get into them.

https://spreadsheets.google.com/pub?key=0AiKeqvKq1...

Here is a good list to start

4/12/11

Thanks for starting this post! I was wondering if anyone had info on JP Morgan's Finance Associate Leadership Program. Comp, Bonus, Hours etc etc.
http://careers.jpmorganchase.com/career/gradfinana...

4/12/11

To get into these programs, a lot of people have pretty high GPAs.

4/14/11

Those that have completed a FLP - what was your first job after, and what are you currently doing?

For me - FLP at F50, stayed with the company and am doing business development (M&A/Strategy) for one of their divisions.

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4/14/11

I am starting at a FLDP at a Fortune 150ish company in July. Would eventually like to get into Corp Development so I think this program might help with that.

4/15/11
nelly0:

I am starting at a FLDP at a Fortune 150ish company in July. Would eventually like to get into Corp Development so I think this program might help with that.

Helped in my case. Make sure you do a rotation in corp/biz development if offered.

4/15/11

For me - FLDP at F500 tech company then joined corporate development after finishing the program.

4/15/11

j-rad, hardvardgrad09,

hows corp development been for both of you? hours, lifestyle, type of work?

4/15/11
alphaSledge:

j-rad, hardvardgrad09,

hows corp development been for both of you? hours, lifestyle, type of work?

I did my last rotation in the group that hired me off-program, so I've been in corp dev for ~8 months. Work is interesting, my group does the M&A for the business I work at, which includes all sub-business unit deals. While we don't originate every target, we do the valuations and lead the due diligence for ~95%. Also, we work on strategy at a higher level than a business unit does; overall business strategy, what markets we find attractive / want to get into, etc..

Hours vary, but I usually come in around 9am and leave by 7pm. Maybe a midnight-1am night every couple of weeks if there's a lot in the pipeline. Very flexible work environment where I am, can leave when I need to if my work is done (no "face time"), and can use all my vacation days.

Pay is nowhere near what harvardgrad08 talked about in his post if I remember correctly (different industries), no bonus (other than small "awards"), and slow salary increase (nothing like IB)

Positions normally go: Analyst -> Sr. Analyst -> Specialist -> Manager -> Director -> VP, although nobody I've seen has ever done that - if you start out as an Analyst, you'll never get past a Manager without having other experience (general management, ops, etc..) under your belt.

Only way to get in at the analyst level is to go through the FLP, at least from what I've seen (almost every analyst I know, regardless of the division, has been an FLP). At the Director / VP level, most are ex-MBB/BB guys. Manager level, mixed bag between internal and external consultants/IB.

Any other questions, let me know and I'd be happy to answer. A lot of similarities between harvardgrad08's Q&A post, so definitely check that out... we are just in different industries in different areas.

4/15/11

Alpha, harvardgrad08 started this thread with a bunch of great information for you to read through: http://www.wallstreetoasis.com/forums/the-other-ro...

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4/19/11

Does anyone know if there are FLDPs for MBAs? Or is it usually just for ppl recently out of undergrad?

4/19/11

^Check that one post someone responded to me with. A lot of those programs seem exclusively geared toward MBAs (i.e. MMM)

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4/19/11
Al Bundy:

^Check that one post someone responded to me with. A lot of those programs seem exclusively geared toward MBAs (i.e. MMM)

A lot of companies have both as well.. my company (on that list) has a program for undergrads and another for MBAs, with the undergrad program being much larger.

4/20/11

May I ask where you work, or if you don't wanna disclose that what one needs to get into a corp finance rotation? I've had no luck getting into those so far and I'm starting to get worried now.

Pretty women make us BUY beer. Ugly women make us DRINK beer.

4/20/11
Al Bundy:

May I ask where you work, or if you don't wanna disclose that what one needs to get into a corp finance rotation? I've had no luck getting into those so far and I'm starting to get worried now.

Al, are you a graduating senior?

4/20/11
alphaSledge:
Al Bundy:

May I ask where you work, or if you don't wanna disclose that what one needs to get into a corp finance rotation? I've had no luck getting into those so far and I'm starting to get worried now.

Al, are you a graduating senior?

Nah, I'm a junior. There's a decent chance I will be working at a F25 this summer in another country, but I mostly got that through connections. I'm grateful to be in the fortunate position to have that connection (because otherwise I'd be fucked), but frankly, I really want to earn something on my own, which is why I keep inquiring about these programs.

Pretty women make us BUY beer. Ugly women make us DRINK beer.

4/20/11
Al Bundy:

May I ask where you work, or if you don't wanna disclose that what one needs to get into a corp finance rotation? I've had no luck getting into those so far and I'm starting to get worried now.

I work at a F50 manufacturing company. Since most of these rotational programs are "leadership" programs, I think one of the most important criteria is that you've shown leadership qualities. They want people who are involved in a lot of ECs, but not just a memeber of club xyz. These rotational programs are all highly regarded both internally and externally, so they want people who they see as succeeding in increasing levels of responsibility.

Obviously you need a good GPA and prior internship experience helps tremendously. I don't know of anyone in the program I did that hadn't done at least one internship, and I would say ~60% had done an internship at the company.

The company you got an internship with overseas - do they have a rotational program?

4/20/11
j-rad:
Al Bundy:

May I ask where you work, or if you don't wanna disclose that what one needs to get into a corp finance rotation? I've had no luck getting into those so far and I'm starting to get worried now.

I work at a F50 manufacturing company. Since most of these rotational programs are "leadership" programs, I think one of the most important criteria is that you've shown leadership qualities. They want people who are involved in a lot of ECs, but not just a memeber of club xyz. These rotational programs are all highly regarded both internally and externally, so they want people who they see as succeeding in increasing levels of responsibility.

Obviously you need a good GPA and prior internship experience helps tremendously. I don't know of anyone in the program I did that hadn't done at least one internship, and I would say ~60% had done an internship at the company.

The company you got an internship with overseas - do they have a rotational program?

I haven't got it 100% yet, there's just a good chance as long as HR doesn't deny it/have issues. But it's GE, so they do have the FMP program and even one overseas. I won't be placed into that program (if I do get placed, it will be in "corporate financing" whatever that means), but I'm hoping to leverage this opportunity into FMP because FMP would be my favorite option after MBB/elite consulting firms and I want to work in that country once I graduate.

Pretty women make us BUY beer. Ugly women make us DRINK beer.

4/20/11
Al Bundy:

I haven't got it 100% yet, there's just a good chance as long as HR doesn't deny it/have issues. But it's GE, so they do have the FMP program and even one overseas. I won't be placed into that program (if I do get placed, it will be in "corporate financing" whatever that means), but I'm hoping to leverage this opportunity into FMP because FMP would be my favorite option after MBB/elite consulting firms and I want to work in that country once I graduate.

Just network while you're there and get in touch with anyone related to FMP recruiting. I know a few people currently in that program, and all were prior interns (most were FMP interns I believe) at GE. I'm sure recommendations from your supervisor will help out, even though you're not in an FMP-related internship.

4/20/11
4/20/11

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