Rank these jobs for best opportunities down the road
Graduating from a non-target in December, looking to get some relevant experience and then move on to something related to IB/corp dev hopefully down the road, probably after MBA.
I am looking at a few options, and although I will most likely apply for everything, I'm wondering in what order would you rank the following. I know none of them are directly related to IB type skills, but not everyone has those options so the rest of us have to start somewhere:
1. 2yr audit program at large lender - pros: get to learn about every industry, how it operates, drivers, etc..
2. financial leadership/development program - 2-3yr rotational program, seems like most programs rotate you through areas like internal audit, fp&a, etc.. seems boring but doable, and some offer the chance to do a rotation in corp strat
3. finance at a F500 company - will be like the development program but stuck in one area (not corp dev)
those are 3 options im looking at right now. the first 2 i would anticipate the salary to stay pretty flat during the 2-3 years since its a program, while the 3rd im sure will change (probably very little) with time.
I think #2 would be the hardest to get, and #1 seems the most "interesting" of all 3. but that doesn't necessarily mean it will be in my best interest, so i turn to you guys for opinions.
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What type of financial
What type of financial leadership/development program are we talking about here? Can you give more details?
Given your original post, I would say #3 would be the best bridge to get into IBD.
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There are many financial
There are many financial development programs at F500 companies - most seem the same. I am not talking about one specifically, just the general idea. For example, GE'S FMP. J&J has one, Pfizer, etc..
#3 would be the best? Doing budgeting and FP&A is most relevant?
Okay based off your
Okay based off your clarification #2 would be best. You gain exposure to different areas and would have F500 on your resume. Based on my experience in i-banking, anything relating to accounting/auditing is not the path to go. Granted, you will need to know financing reporting and GAAP, but all the actual accounting tasks is unnecessary and is best left to accountants. Try to get something in corporate finance/development where you are doing financing planning/analysis/model building/etc
I had a buddy who did GE's Financial Management Program in Atlanta. He now works for Northern Trust as a credit analyst in their corporate banking group. Not quite i-banking but close.
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My private equity/finance blog:
http://youngempire.wordpress.com/