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It is true that most of what you'll be doing within the FMP is accounting related, and GE loves accounting. Can't speak to the J&J program.
Does GE recruit on your campus? If not it might be a tough get; that being said I don't think theres much difference in how a FMP-esque program will view these experiences, as they're both good options. Consider what you would rather do if the leadership program doesn't work out. Also keep in mind while the accounting background will help, GE forces you to take classes and teaches you "their" way of Accounting.. so Big 4 could ultimately be a moot point.
PM me if you have specific questions about either Big 4 / FMP.
They certainly tried, but no.
Essentially what this entails is that GE uses different account titles and metrics that are different from the norm. Google "GE Ending Net Investment". Basically its GE's internal measure how big they really are, and they use it for a variety of different metrics internally. That's what I mean by "their way". This, along with certain cost accounting principles that would apply specifically to GE businesses, are what are emphasized in the classes.
And for what it is worth, there tax people certainly are doing something right.
I feel that it would depend on what your major is, what year in college you are, and what exactly you will be doing at the Corp Fin job.
The Big 4 Audit internship would be solid because you will be going to different F500 companies, working with different teams at every rotation, and seeing how different companies are run. I feel that this would be similar to the types of projects/work you would be doing at the FLDP's. On top of which, you can always leverage your audit internship to a better position within the Big 4(Advisory, TAS) depending on your background, etc.
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