finance leadership rotational program
What is the pay structure like for a 3 year finance rotation program for a fortune 500 company? Is the salary the same for all 3 years?
Also are there any benefits for doing one of these programs in a company ie faster advancement?
These programs are great for recent grads. You get a wide range of exposure to many different financial functions and areas. You build a strong network by having rotations as well.
Pay increases upon each year and most programs have a conditional of you being accepted to an MBA program upon your graduated (condition of graduation) that they will either pay for or help you finance.
At most companies it is typical to see a salary of 70k+ upon graduation.
not bad......not too shabby
i'm assuming you mean part-time mba? most of the f500 companies i'm interviewing with discourage going back full-time
mine discourages paralleling mba while doing rotational (because of moving every 6 month) but is all for higher ed after the program ends. i can't imagine what employer would discourage going back for more education
The program is not that bad. It could help to lessen the problem.
yeah at my firm starting 1st year rotation program analyst start off at $75K base + 0-20% bonus (avg of like 10-12%) + stock (~$8-10K worth). Year over year base comp increases on average 3-5% if you have not received a promotion (this is just to account for inflation, etc.) and if you get promoted, which if you are good happens midway through the 2 year program while most get promoted after the 2 year program, you get another 10-12% salary increase. Stock amount also increases when you get promoted.
yeah like bears says i work in tech so the pay is significantly higher....oh yeah and forgot to include signing bonus. For signing our firm gives $10K cash and $10K stock (vesting over 5 years just like the end of year stock awards).
FLDP Salary Progression (Originally Posted: 02/17/2016)
A few months back I got and accepted an offer to join the FLDP for a F500 company. I am very excited about the position since it seems to have a lot of structure and opportunities for advancement, along with the fact that there doesn't seem to be a lot of accounting involved.
The salary is great, too. I'll be making $57k base with a $3k signing bonus during my first year. Since I'm starting over the summer, I won't be able to make a year-end bonus my first year. Can anyone shed some light on the typical salary progression while in an FLDP? Is it a standard yearly pay bump? or contingent on which role you have? or are there no raises until you exit the program? Mine is a 3 year, 3 rotation program.
Thanks!
For me (2 yr program) raises were roughly the yearly COL adjustment (~3%). At the end of the program we all got a 18% bump. At my company everyone in the program was paid the same regardless of role.
18% from the starting salary, or from the previous year? 18% sounds pretty precise.. Did you start at, say, $60k and bump to $70k on completion of the program? Thanks for your insight!
are you in a low COL city?
I'm starting in a low COL city. Most rotation opportunities are in low COL places, with the exception of possible rotations on the coasts.
The program I did starts people around $54-57K, annual raise in the 3-5% range for each of the two years in the program, then when you graduate from the program it's considered a promotion to the next level and the bump is ~10%. Not in a major metro area, but not a cheap state to live in either.
One of my friends was in a two year program - $72 start then $76 next year. Another friend in a three year program, $60 then $70 then $80
F50 FLDP program. Undergrads start about 56k (I am an MBA so higher). No signing bonus but they pay for you to move. Plus you get a pro rated bonus that first year. Raises are 2-3% a year with a performance based bonus binned to your analyst level. Also eligible for a promotion during the program every two years. Rotations are 3 - 18month rotations for undergrad. As an undergrad you come in 4 promotions away from the first level of management position.
What does first level of management pay and about how long would it take to get there?
FLDP (Originally Posted: 05/13/2013)
Wondering if FLDP's provide the same "perks" as banking and other high finance careers. Also which ones tend to be the best (comp, prestige, exit opps, internal exit opps, b school)
Am I the only Chiver on here who always reads FLDP as FLBP?
haha...it's definitely happened to me once or twice.
Brendan, that's a question that you should be able to answer by searching previous threads on the forum.
Some quick answers:
"Wondering if FLDP's provide the same "perks" as banking and other high finance careers. Also which ones tend to be the best (comp, prestige, exit opps, internal exit opps, b school)"
Perks - What kind of perk are you referring to? Foreign delegations at my company basically mean all expenses paid, so that's a thing.
Best fldps for entry-level comp? Tech in general seems to win in this regard, how much of that is offset by cost of living (most jobs are in california) is up for discussion. Most FLDP's are like 50-65K. A Facebook/Google gig will probably be your best bet for bschool, though a lot of the "blue chip" companies place well. Internal exit ops is really up to what you want to do.
I wish people would quit posting about FLDP because I always read it as FLBP.
Had no idea so many people looked at that website. I know I'll probably get negative bro-points for changing the subject from FLBP, but the animals that don't suck threads are pretty awesome as well.
attempt to redeem manliness: ...and yoga pants
As I said two posts above
i only wish someone told me to google image FLBP instead of googling it. the results were a refreshing change...I was expecting some Finance/Accounting acronym.
By perks, I mean things like Seamless, gym memberships, Blackberrys etc.
That's highly dependent on the company. F457 Ag company in Nebraska? Prrrrrobably not. Google? Yes. Somewhere in between? Ask specifically and you might get an answer.
Most of the major companies have gyms/cafeterias on their main/large campuses, but I highly doubt you're going to get Seamless or a Blackberry. Unless you work at RIM. And then, well, fuck your life.
Would a place like GE provide the perks I described. Also I realize Seamless probably isn't likely. What about fully subsidized cafeterias with good food, kinda like Google?
Well if you're talking about GE's FMP, you will be in a few different places (could be corporate HQ or random factory in buttfuck nowhere) so there's no guarantee on a cafeteria or a gym. They might provide a phone since you're moving around a lot, I really can't be sure.
I don't work for any of these top companies so these are just a shot in the dark. I have to ask why you're even worried about this? You should be going after the best op out there, not the stupid little fucking perks that come along with it.
don't
Blackberrys? LOL.
How is being able to be reached at all times by an employer a perk?
Once you start working you'll realize that having a company phone is a bad thing. You'll want to hold off on that as long as possible.
not only is it a bad thing cuz you are expected to be holding it at all times, but it's probably a blackberry. let's be real. if i'm gonna be given a phone (aka a leash), gimme an iphone so i can have some apps at least
So you're going to pick your career trajectory based on seamless and blackberries? You need to rethink this.
I don't think you'll get seamless anywhere. If your whole team is working late they may order dinner (likely pizza), but doubt you'll have seamless.
You don't want a blackberry
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