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

Comments (23)

  • Al Bundy's picture

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

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

  • alphaSledge's picture

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

  • j-rad's picture

    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.

  • nelly0's picture

    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.

  • In reply to nelly0
    j-rad's picture

    nelly0 wrote:
    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.

  • harvardgrad08's picture

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

  • D M's picture

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

    "You stop being an asshole when it sucks to be you." -IlliniProgrammer
    "Your grammar made me wish I'd been aborted." -happypantsmcgee

  • In reply to alphaSledge
    j-rad's picture

    alphaSledge wrote:
    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.

  • ejam21's picture

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

  • Al Bundy's picture

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

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

  • In reply to Al Bundy
    j-rad's picture

    Al Bundy wrote:
    ^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.

  • Al Bundy's picture

    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.

  • Tamar's picture

    Leading economist in the US market claims that the US stock market has the potential to rise over 50% in the next couple of years. He recommends buying options, or to be fully invested in stocks but buy protection through out of the money put options, for example S&P puts.

  • In reply to Al Bundy
    alphaSledge's picture

    Al Bundy wrote:
    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?

  • In reply to alphaSledge
    Al Bundy's picture

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

  • In reply to Tamar
    happypantsmcgee's picture

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • In reply to j-rad
    Al Bundy's picture

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