Corp Fin Recruitment from Target
How well do target schools for IB place into F500 corporate finance roles? Could you get a F10-20 role from a school like Wharton?
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I think CF recruiting is more about region than about the school.. Companies in Atlanta will recruit from the neighboring schools (emory, GT, UGA, etc), companies in Dallas will recruit from the neighboring schools (Baylor, UT, SMU, etc). Generally it is not very hard to get a job at a F500 company if you go to a school people have heard of.
Also, it's worth noting that the higher up you go in the Fortune rankings doesn't necessarily mean higher pay or more strength on your resume. Its not like the fortune rankings are equivalent to MBA rankings or anything like that.. What is your near-term goal?
I know this advice is contrary to what a lot of people preach here on corporate finance - but IMO bigger is not always better for starting in corporate finance. I would look at FLDPs throughout the F1000. some companies have very small programs that go unadvertised and only recruit at select schools (i'd imagine some come go to wharton). I would look for programs that allow you to do corporate rotations - you'll learn a lot more about how they manage the business at a high level and these are easier to land in a smaller program where it is the expectation as oppose to starting at J&J/GE where your starting class is absolutely massive and you're purely doing operational finance work.
100% agreed. I had an internship at a company in the F700 range, and I got more exposure and more interesting work in those 2 months than in most of my year-long FLDP rotations at a F100ish company. Also, the company I interned for was smaller but is a household name, which can carry more weight than a bigger company that only has a presence in certain states.
How does pay differ between F10-20 vs F500-1000?
I don't think there is a way to quantify that. The biggest determinant in CF pay is going to be location.. One of my friends just left the A&D company I was in and she upgraded her pay from the 70s to the 100-150k range, but that is because she moved to San Fran. So after COL, it was really just a 10-15k raise.
I've also seen that sometimes smaller companies pay a lot more because you are more of a generalist and they want you to stick around. You might not get promos as quickly, but they pay you more.. Big companies have a lot more internal competition for roles and have more ability to "out-source" work to their other offices, so there are a few levers they can pull. This doesn't mean big companies pay less or more- I'm just saying that it has more to do with location.
What is your near term goal, and your long term goal? Is there a location in particular that you want to settle down in? Are you targeting a top MBA? We can give better advice if you state your goals, because pay/progression/prestige don't necessarily correlate with Fortune rankings.
Gotcha- what is the overarching goal? Say you don't make it to IB, will you do CF for a few years with a goal of getting an MBA and trying again at IB? or dive head-first into CF and try to climb to the VP level? Those near and long term goals will shape the kind of role and company you should target
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