Financial Leadership Development Program (FLDP) grads, advice and what are you doing now?

Hi,

I graduated this past spring and am now entering a two-year Financial Leadership Development Program (FLDP) at an F500 pharma company. My first rotation will be 8 months in the company's Treasury group, followed by Corporate Strategy, and finally Corporate Development/M&A.

I am not interested in a career in Treasury, so I am looking to bide my time while also looking to build skills (e.g., potentially pursue CFA) and relationships within the company to leverage in my future rotations.

So, two questions for anyone with FLDP experience or something similar:

  • Any advice on how to spend a year in a rotation that doesn't get me up in the morning? What do you think I should be optimizing for during my Treasury rotation?
  • Where did your career lead you after your FLDP?

Thanks!

2 Comments
 

Based on the most helpful WSO content, here are some insights and advice for your situation:

Advice for Spending a Year in a Rotation That Doesn't Excite You:

  1. Skill Building:

    • Pursue Certifications: Consider pursuing certifications like the CFA to build your financial knowledge and credentials.
    • Learn the Ropes: Even if Treasury isn't your end goal, understanding cash management, liquidity, and risk management can be valuable in any finance role.
  2. Networking:

    • Build Relationships: Use this time to build strong relationships within the company. Networking can open doors to more desirable roles in the future.
    • Seek Mentors: Find mentors within the Treasury group who can provide guidance and potentially advocate for you in future rotations.
  3. Add Value:

    • Identify Projects: Look for projects where you can add value and make a noticeable impact. This can help you build a strong reputation within the company.
    • Understand the Business: Use this time to gain a deep understanding of the company's financial operations, which will be beneficial in your future roles.

Career Paths After FLDP:

  1. Corporate Development:

    • Many FLDP graduates move into Corporate Development roles, focusing on M&A and strategic initiatives. This is a common path for those who have completed rotations in Corporate Strategy and Development.
  2. Corporate Strategy:

    • Some graduates transition into Corporate Strategy roles, where they work on long-term planning and strategic projects. This can be a stepping stone to senior leadership positions.
  3. Finance Leadership:

    • High-performing FLDP graduates often fast-track into finance leadership roles, such as Finance Manager or Director, especially if they have consistently received top ratings during their rotations.
  4. External Opportunities:

    • If internal opportunities are limited, the experience and skills gained during the FLDP can make you a strong candidate for similar roles at other companies. Networking and maintaining a strong professional presence on platforms like LinkedIn can help in this transition.

Additional Tips:

  • Ratings Matter: In some FLDPs, ratings are crucial. Consistently high ratings can lead to better opportunities and faster promotions.
  • Manager Selection: If you plan to stay with the company, choose your managers wisely. A supportive manager can significantly impact your career trajectory.

For more detailed experiences and advice, you might want to check out the WSO guide on Accelerated Corporate Finance Careers (FLDPs), which has been noted to be effective in detailing the best course of action for this type of career.

Good luck with your FLDP journey!

Sources: Lessons learned from working as an FLDP, LinkedIn Strategy & Analytics - Ask Me Anything, Corporate Rotational/Leadership Development Programs and Entry Level Careers, Year 1 in consulting - tips, tricks, advice, and unspoken rules., What I've learned so far after 1 yr at a top MBA program (If I could do it over):

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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