Question about position
Recently received my first internship offer. It was advertised as a corporate finance position, did not apply for a specific group, but I got placed with product line finance. Was wondering what kind of work I will likely be doing with this group? To be honest I kind of just applied to everything on my Handshake with the word finance, so I am still trying to differentiate between different groups and industries.
Hi dk_chiefintern, any of these discussions helpful:
More suggestions...
Fingers crossed that one of those helps you.
First of all congrats. If I may ask, what industry did you get your internship offer in? From the title “product line”, what I can imagine is that you will be doing P&L analysis on that product line and possibly some analysis on potential investments.
Thanks for the reply, I started the internship at the end of May and you're right on with the guess, will leave the thread up for others in case they have the same question
Hard to tell- it could be FP&A for a product line (as opposed to a whole business unit or company), or it could be more cost-accounting oriented. As a previous poster asked, in what industry is this company? How big is the company? I worked for a F200 defense company and worked at the product line level for a rotation. Because the company was so huge, the product line was still $500M in sales/year, so I got exposure to product line-level forecasts but also to the nitty gritty issues with specific contracts. Was probably my favorite rotation and gave me my strongest experience.
Another note is that if you are targeting CF after college, your best bet for an internship is (in this order): 1) Interning at your target company. Leads to an offer, best option for a summer internship. 2) Interning at the biggest most recognizable company you can. Doesn't matter if its a finance internship, though that would help. Companies assume that you have no skills and have to be trained, and they look for internship experience as proof that you work hard enough to get an internship in the first place. They aren't expecting you to come out of an internship ready to hit the workforce. A strong brand on your resume means you made it through those recruiting standards and are likely a quality new hire. 3) A finance internship anywhere else.
My point is that for internships (assuming you want to target CF), brand is often more important than experience.
Thanks for the reply, as I mentioned in a previous reply, I started at the end of May and you've hit it right on the head with your assumption, seems to be primarily FP&A with a little cost accounting mixed in. The company deals in consumer durables and based on my exposure so far, the work my group does seems to be focused at the product line level, but drills deeper into specific channel and product level data.
Heading into my senior year of college, I am pretty confident that I am going to target CF jobs, the company I'm with right now isn't F500, but was the largest I was accepted to, and is a household name so I think that will help some. If you had any other advice that you are willing to provide on recruiting for CF jobs at F500 companies I would be more than happy to hear.
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