<em>Mod note: <strong><a href="//www.wallstreetoasis.com/faq/what-are-the-best-qa-threads-and-interviews-with-top-finance-professionals-on-wso ">Click here</a></strong> to see all of our q&a's and interviews</em><P> Given the...
I saw a couple of my story posts, and thought it would be good to share mine since I come from a very nontraditional background. I saw another post in outline form and liked it, so mine will mimic that. <h3>The beginning:</h3> * I was placed in foster care at three months...
I've been asked to do an AMA a few times over the past few months and it's dead in the office so I figured I'd open myself up for questions. Brief background: - <abbr title="balance sheet">BS</abbr> in Accounting from no name college with 3.0 - MS in...
Took a different path to Corporate Strategy and have since exited (see below). AMA. * Grew up in suburb of tier 2 US city * Underachieved in HS – B student (generous), ~1200 SAT, lazy * Pretty good at basketball, helped me get into top 20 college – WHEW * OMG COLLEGE...
Let's use this thread to discuss roles that offer amazing work/life balance and limited stress (i.e. **not** FP&A, development, etc.). It doesn't even necessarily need to be finance-specific as there are dozens of little-known roles out there that someone with a finance or...
I started my career in <abbr title="investment banking">IB</abbr> (BB company) out of undergrad from a regional target school. I had held internships at other <abbr title="bulge brackets">BBs</abbr> prior to my full time role. I started my analyst...
Monkeys, I jumped companies ~6 months ago to work in corp dev. It was a promotion, different city, etc. Overall a good opportunity to get out of my comfort zone have an analyst working under me. Said analyst was at the company before I joined. It was a weird situation - they didn't...
<em>mod note: this very informative q&a was originally posted on 2/12/12</em> <a name="top"></a> UPDATE 2/22/12: Over 20 questions and 50 responses added so far, keep 'em coming! I also took the bold away from the questions by popular...
Hello Monkeys, Long time lurker here. Thanks to this site I have been able to work my way into a F500 FP&A Financial Analyst from a complete non-target that could be considered a notch above community college. I am starting at 70K which is solid (low COL city) but I was curious as to what...
I graduated from one of the top 10 undergraduate business schools in the US with a 3.85/4.0 GPA, an honors degree with a double major and a minor, and an offer to work at one of the top 10 Fortune Global 500 companies. I thought I was a badass and was ready to conquer the world and take over...
what types of roles are good/what should you shoot for if you are being honest with yourself and really only care for a middle-class lifestyle and value time >> money?
As I've been researching the <abbr title="investment banking ">IB</abbr> industry, I've noticed that corporate development is mentioned less frequently compared to <abbr title="private equity ">PE</abbr> and <span...
Have received a lot of info off of this site and this forum in particular, so thought I would give back. I know the <abbr title="Masters in Business Administration ">MBA</abbr> landscape and CD/BD/<abbr title="Credit Suisse ">CS</abbr> roles can be a...
Overly caffeinated and procrastinating on some technical writing that needs finishing. My path: * Top 25 Undergrad with concentrations in Management Information Systems and Supply Chain Management with a 3.2 GPA but strong work experience * Four years of grinding through a blue chip...
Recently guys I have started a career in the construction industry as a project manager and cost estimator for a local company (boutique) and have seen the underlying similarities to the bankers of the financial world. It's also a career most finance and business guys haven't heard...
<abbr title="Wall Street Oasis ">WSO</abbr> Community, I'm finishing up my first year at a private ~Fortune 500 company in their corporate development group (M&A, <abbr title="venture capital ">VC</abbr> investments, some JVs, board...
Given all the discussion and mixed <span class='keyword_link'><a href="/guide/finance-development-programs-an-overview-of-acclerated-corporate-finance-careers-fldps">information on corporate finance</a></span> jobs, I thought I would start a discussion...
Some of you might know that i recently switched into corporate development after doing ~3 years of banking and getting promoted to associate. I'm a couple months in, but can answer any questions you may have Update 2/21/17: We recently completed a $200 million acquisition and are now...
<em> Mod Note: This comment was posted in rensponse to this post: <a href="//www.wallstreetoasis.com/forums/help-pissed-in-big-4-audit">HELP- Pissed in Big 4 Audit</a>, received a ton of silver bananas, and deserved to go up on the homepage by itself...
What are some roles with a combination of: Lifestyle (9-5) Decent pay ($125K in high COL region) Relatively low stress (limited fire drills, limited risk or potential for major mistakes) Demand (not super niche, potential to work in a relatively wide range of industries and...
I want to start a thread talking about the nuances of corporate finance within each industry (Oil & Gas, Healthcare/Pharma, Aerospace & Defense, Manufacturing, Consumer Packaged Goods, etc). The impression I've gotten is that you can bounce around between industries in the first...
Regardless of industry every office has its own quirks and annoyances. Whether you be in banking, real estate, marketing, if you're in corporate America and on a floor that consists of 50+ people then it is certain that there will be some fucking whack jobs sharing the space along side of...
<em>Mod Note (Andy) - as the year comes to an end we're reposting the top AMA's from 2015, this one was originally posted 10/28/2015.</em> Reading through @Harvardgrad08"'s posts I think this type of contribution is extremely helpful in de-mystifying certain...
I gotta lay a question on you guys cause I've been thinking about this for a while. So most people who go into <abbr title="bulge bracket">BB</abbr> <abbr title="investment banking">IB</abbr> or <abbr title="McKinsey, Bain and...
I've been a Corporate Strategy manager at a large F100 studio (not Disney) for about a year now (and it's had its ups and downs). Just figured there isn't too much information on here about corporate strategy paths from non-<span class='keyword_link'><a...
I'm finishing up year 2 of my 3 year <abbr title="Finance Leadership Development Program">FLDP</abbr>. I'm at a top Aerospace and Defense company, and a "perk" to this program is that I'll automatically be promoted to Sr. Financial Analyst when...
I know most people exit to <abbr title="private equity">PE</abbr>/<abbr title="hedge fund">HF</abbr> (coming from my firm) and maybe 1-2 in each analyst class exit to corporate development. I myself also plan on exiting to <abbr title="private...
My friend's father is CEO of mid-sized public company. Since it's a public company, I decided to do some totally legal snooping and checked out online how much a CEO like that makes... and was shocked to learn that my friend's dad made $5.2 million last year! I was shocked...
Hello everyone, A few months ago I came to this board with a really tough dilemma and you guys helped me see it through. I now want to pay it forward as I know that people are getting increasingly interested in corporate development/ <span class='keyword_link'><a...
<em>Mod Note (Andy): Interview/AMA Tuesday! To see our full list of interviews/AMA's, check out <strong><a href="//www.wallstreetoasis.com/faq/what-are-the-best-qa-threads-and-interviews-with-top-finance-professionals-on-wso">this...
Buy Side or Suicide
<abbr title="Wall Street Oasis">WSO</abbr> has been instrumental in helping me break into this role so I want to offer some of my insights to anyone else who's looking to break into the industry. Brief background: Graduated last December from a target school and...
Good morning all, I've spent a lot of time on this site, and asked quite a few questions myself, so I figured I'd do my part to give back by answering any questions you might have about <span class='keyword_link'><a...
The $100 billion food empire has decided to entrust the financial direction of the firm in the hands of a 29-year-old. David Knopf has worked at Kraft since 2015 and is a partner at 3G Capital. Prior to Kraft and 3G he worked at Goldman Sachs and Onex. He will become one of the youngest CFOs in...
I just came out of a networking experienced hire event at my company and thought it would be good to share some thoughts on internal networking (specifically for Corporate Finance, but industry in general). I haven't seen anything on this site about this and I guess it makes sense, being...
Haven't been able to find much information on the more technical finance work that it seems like McKinsey in particular does, especially through their <abbr title="New York">NY</abbr> office. Looking at their website and LinkedIn, they do a lot of corporate finance...
<abbr title="Wall Street Oasis">WSO</abbr>, Are there any firms that have particularly stellar reputations for their corporate finance or strategy divisions? I know of Disney, but not sure of any others. Any that have great placements for Bschool, or are just known...
Thought I would give back to the community a little and post an AMA! About me: Financial Analyst at a big name F100 tech company. Graduated in 2015 with a finance degree from a well regarded school. I have worked in my current role for ~2 years, so figured I could field some...
We've heard so much in this forum about the lifestyle and hours in <abbr title="investment banking">IB</abbr>/<abbr title="private equity">PE</abbr>/<span class='keyword_link'><a...
I'm curious to see how other Corporate Development shops calculate <abbr title="weighted average cost of capital">WACC</abbr>. I personally have worked in two different Corporate Development groups, one large-cap (>$25-50B, Industrials) and one mid-cap ($2-10B),...
Hi all, I'm about done wrapping up my busy season and as such, I'm open to answering any questions people may have about working in Big 4 audit as a first year. I know some senior associates have done an AMA, but I haven't seen one for first years, so if anyone wants to learn...
<h3>Corporate Development - What do they do?</h3> <p> Corporate development (CD) involves <abbr title="mergers and acquisitions ">M&A</abbr>, divestitures, investments, and incubation of businesses. Here’s @harvardgrad08" with some insight...
hi all, I was previously the deputy CFO of a US-listed Internet company. My role included IR, <abbr title="mergers and acquisitions">M&A</abbr>, but not FP&A. I joined right after the <abbr title="initial public offering">IPO</abbr>, and...
Monkeys, I figured I would pay my respects to this forum by thanking everyone for their insight, and knowledge; as well as their willingness to share both. Just for some context, I played lacrosse at an unheard of non-target that was essentially a community college. I graduated with a 3.9, and...
So I have thought about doing something over this field for quite awhile but didn't know how much to go into and whatever. Depending on the response I will depends on whether I will expand further. I really wanted to talk about the position of Commercial Underwriter. Specifically...
If I wanted to move into corp dev / strategy after finishing my <abbr title="private equity">PE</abbr> associate stint (with or without an <abbr title="Masters in Business Administration">MBA</abbr> after) what level would that equate to within an...
What level of difficulty are we talking about when referring to a VP in Corp Fin/Dev/Strat? Is becoming an MD or Partner in <abbr title="McKinsey, Bain and BCG">MBB</abbr> harder than making it to VP?
Curious how comp structure looks in Corp Dev / Strat / Fin as you progress through the ranks. I know it can vary a lot by industry/company at the senior levels (VP, SVP, EVP), but I wonder if it is more or less the same at lower levels. Would be great to get some insight from more experienced...
Hey all, Looking to get some discussion about the above question. I'm about to be a second year analyst for an <abbr title="Finance Leadership Development Program">FLDP</abbr> and starting to think about <abbr title="Masters in Business Administration...
I am currently trying to decide between two different fortune 500 offers currently, and I am struggling to come to a decision. Here are the two offers: JCPenney: this one is an <span class='keyword_link'><a...
Hello, I am currently working on implementing an <abbr title="mergers and acquisitions">M&A</abbr> department within the group I work for. As our industry is really fragmented we need to grow in the coming years as the market will consolidate. We did several deals...
Last week, I posted this article <a href="//www.wallstreetoasis.com/forums/should-i-reconsider-an-og-career-due-to-low-oil-prices">"Should I reconsider an O&G career due to low oil prices?"</a> regarding whether or not you should <span...
What would you consider the most prestigious companies to work for in a corporate finance role? Just interested in hearing people's thoughts. FAANG?
Just heard back from a private firm with ~700m in sales in retail/tech space for a corpdev senior analyst/associate role (1-1.5 years of boutique <abbr title="mergers and acquisitions ">M&A</abbr> experience from target UG). A senior ex-banker and I will make up the...
Anyone ever been on the buy-side of an acquisition, in which you over-valued the target's value? Today I had to meet with accounting/finance/B.I. of company I work at to discuss reasons why I messed up on an acquisition. The acquisition closed a few months ago, and we are just now realizing...
Got an offer as a senior associate (I think it's the same as a senior manager?) in corporate development. All-in it looks like it would range from $200-$275k (salary is $165k). Is this where the market is for a senior associate / senior manager in corporate development? Anyone in...
Hello everyone, I was curious to know how you feel about getting into a relationship or being with someone while trying to establish a career. What if that person does not have the same aspirations, but is a great individual? More importantly, if you really care about that person and she...
Hi everyone, I'm a graduate student in a STEM field and I'm currently debating going to law school next year (I've been accepted to some high-ranked schools), or trying to break into management consulting. If I went the consulting route, my long term goal would be to end up in...
My two cents about GE's Financial Management Program, the two-year, four-rotation program of General Electric. <h3>General Electric FMP Overview</h3> The very first thing you must bear in mind about the <strong>GE FMP is that it’s about accounting. Forget investment...
Hey guys, I'm opening another thread to discuss GE's FMP program. I have read everything on the forum I could using the search and still have questions. So here they are. What kind of pay can an FMP expect? (Before and after program) Possible career path in GE (Incl. salary...
Currently 1.5 years into my first job out of school at a midsize tech company that is still growing incredibly fast ($2B+ revenue and ~50% yoy growth). I work in Corp strategy and am very pleased with the work I am doing, work life balance, and benefits, but know I’m underpaid ($55k base + 15%...
Buy Side or Suicide
Hi everyone, Currently a first year analyst in corp dev (M&A) at a mid-sized pharmaceuticals company. I landed this position right out of undergrad after doing a summer in <abbr title="middle market ">MM</abbr> <span class='keyword_link'><a...
I have about 5 years experience, I left big 4 audit as a senior and I'm now the FP&A manager at a small (~30-50M rev), fast growing company. I would love to move into corporate development, but I lack the <abbr title="mergers and acquisitions">M&A</abbr>...
Out of curiosity, wanted to see if anyone else has noticed any *general* trends in the work/life balance of corporate finance. I'm in CFin at the moment and am interviewing around, and have had one or two companies (F250) tell me many finance employees average 55-65 hours a week, which is...
Recently started a corporate finance FP&A job. I'm not far in yet but even my senior analyst (1 year experience) spends most of his time updating already built models, refreshing excel reports, and building powerpoint decks for executive meetings. This is not really what I thought I...
Hi <abbr title="Wall Street Oasis">WSO</abbr>, In case anyone is interested in learning more about the Corporate Treasury function of large banks (i.e. nature of work, recruitment process, exit opps, comp etc.), I'm here to take some questions.
Can you please tell me how to answer the following question - When looking at a 10 k to analyze a company what should you look at first? Is the appropriate answer cash flow statement? This is an interview question, how would i go about answering this. Please help. this is urgent.
I've seen articles online which elaborate on the perpetual value of a CPA and the bright future ahead for students studying accounting. At the same time, I have seen articles written about the changes in the industry and the uncertainty present in the industry(whether that be a result of...
Little bit of background, I am currently in my undergrad with decent grades (3.7), with good extracurricular and a position this summer in a commercial/corporate banking position. I'm trying to plan more long term and Corporate Development or Corporate Strategy looks very interesting, with...
It's my opinion that two of the biggest milestones in a corporate career are 1) getting your first corporate job, and 2) jumping from "individual contributor" to management. Why? These milestones both seem to require "prior experience": you can't get a job without...
What are the highest paying industries for corporate finance? Ie as in tech, defense, CPG, and media
I'm finishing up my first year as an audit senior and going through the ‘should I stay (until manager) or should I go’ dilemma. I know I don't want to do internal audit or financial reporting and I think my target future job would be VP, Finance or Finance Director, or would love...
Let me first begin by saying that for most of my time in college, getting into a <span class='keyword_link'><a href="/guide/finance-development-programs-an-overview-of-acclerated-corporate-finance-careers-fldps"><abbr title="Finance Leadership Development...
This list has been removed, sorry for the inconvenience.
Greetings, I am currently a Junior, rising Senior at a VERY low Non-Target School majoring in Business Administration with a Concentration in Finance. I am also going to Intern at a small Accounting Firm in Government Services for the summer, however, I wanted to go into FP&A Full-Time...
I'm a Big 4 audit intern, just finishing up for the summer. Going into this, I was really pumped about my career prospects post-Big 4 (I know its kinda soon to be thinking of an exit strategy, but I'm playing the odds here). At my school, Big 4 audit is just about the best thing you...
Hi everyone - <abbr title="Wall Street Oasis ">WSO</abbr> has been a tremendously helpful part of my career planning process over the past few years & I wanted to give back. I've been in this role for about a year now. Previously was in <span...
I found it burdensome to scroll through all of the pages in the "The Other Road: Corporate Development Associate Fielding Questions" thread to find harvardgrad08's responses to everyone's questions, so I copied and pasted all of his posts (as of 3/28/13) into one Word...
EDIT: removed, sorry folks
I just came across the following WSJ blog entry that refers to the SAP investor presentation. http://blogs.wsj.com/cfo/2017/01/25/for-sap-debt-reduction-a-welcome-priority/ For those of you who are not familiar with SAP – it is a very big multinational software company (predominantly...
Hey guys, I have a phone interview next week for the fp&a role. I’m in the financial service industry before and wanted to switch to a more financial analyst role. I know the basic stuff of accounting and finance, but I don’t have the actual experience in fp&a position (even though...
Interested in which of these two disciplines is more lucrative? Also wondering if there are any sales/client facing/client acquisition roles within Corporate Finance? Upcoming Audit Intern for Big 4 firm and have an interest in corporate finance for a fortune 500 company. From what I hear,...
Burner account. Thinking about exiting my lower bulge IB Associate coverage role to a corporate job (finance, development, strategy, or any mix thereof). I’ve spent 2+ years here, top bucket, did my MBA at top 15 program. Open to most industries, but want to stay in NYC. Have a few questions...
AMA - I work in corporate development at a professional services company (Fortune 500) in <abbr title="New York City ">NYC</abbr>. My career path to corp dev is non-traditional and didn't involve <abbr title="investment banking ">IB</abbr> but may...
At what point in your career in Corp Dev/Fin/Strat could one generally expect to earn 500k? Is this Director level of comp or higher? Could a Senior Director in a profitable industry like tech expect to earn around this level? And where can you expect to earn 1 MM? Could a VP in <abbr...
I have experience I want to share; I have worked for a boss who hardly spoke English and didn't understand what I was saying (although he reckoned that he was "naive fluent"). He used to scream at me a lot; you would think in the 21st century, these things won't happen in...
Hey all, I had a short interview with a Finance department. The interviewer was not happy with my answer. He asked me: Question: "Say your marketing director comes to you and asks for $100,000 to fund his marketing project in Walmart, would you give it to him"? Me: Well,...
Are corp development interview more fit related, or are they technical? How would I figure out which aspect to prepare more for? And if fit related, what are some good questions? Background - <abbr title="Masters in Business Administration">MBA</abbr> with strategy...
I have pretty much all the credentials one would want as an undergraduate. Economics Major, Target School (ivy), and a great GPA. Unfortunately, with a whirlwind of college experiences including Division I sports, I only was able to muster up a few final-round interviews with <abbr...
Hi champs, I am 3 years out of college and have been working in analytics/corp fin/strategy. I took a few accounting & finance classes in school (contemplated a career in banking back then but never made the cut) and have friends working in banking, so I know excel, the lingos, concepts,...
I've been working at a F500 company since my college graduation (8 years ago), and just recently, I decided that it was time to look outside to see what else is out there and also to see how much someone with my years of experience and skills is worth. As I was researching jobs,...
I am an accounting major and I expect to become a <abbr title="Certified Public Accountant">CPA</abbr>. I do not necessarily want to be a multi million dollar hedge fund manager or anything like that, but from what I expect to do is 200k-400k yearly salary as a <abbr...
I am an undergraduate finance student and have opportunities to work in Financial Development Rotational Programs for two out of the <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB">4 <abbr title="bulge...
Hi guys, I work in Mongolia as a corporate banker. I thought it would be interesting for you guys to know about how we in Mongolia work. As you might expect, it isn't that sophisticated and is rather pretty straight-forward and simple. The Banking sector in Mongolia: We have 13...
Background: First year credit analyst with <span class='keyword_link'><a href="/company/wells-fargo-and-company">Wells Fargo Capital Finance</a></span> FAP Program. It's Asset Based Lending.... I know it isn't <span...
Anyone have experience in one or both that can chime in? Currently in FP&A now and it feels like a churn and a grind relatively often. Thinking treasury might be a more enjoyable next step with a still fairly decent career path. Thoughts?
For those of you in corp dev, what is your deal flow like in a given year? How many teasers, <abbr title="confidential information memorandums ">CIMs</abbr>, management meetings, and closed transactions? Edit: I guess it would be appropriate to include my personal...
Hi everyone. There have been some recent threads on corporate development and strategy, and I thought I would share my own experience through an AMA and give back to the community. My background is fairly mixed, and I graduated with a technical degree from a non-target/semi-target three years...
Hey all, I’m currently a high school senior considering ASU as it would be the cheapest option for me. Would the finance program at ASU be good enough for getting me into Risk Managment, Corporate Finance, Asset managment, etc? My ultimate goal would be investment banking but that is simply...