What role allocates capital to departments/business arms ?
I want to help decide where a company decides to allocate capital. FP & A seems like the closest thing to this but based on posts here they seem to focus on projections on excel rather than budgeting/planning.
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Not entirely sure but my friend does this as a temp consultant at a Big Pharma company. IT background. Comp/year is about ~60K. 40 hr work weeks. Less so about modeling but a lot more about integration. Very similar to what certain consultant firms do (ie. Big 4) but at a less complex level.
On the other hand, I know commercialization/clinical trial management (need to have a hard science background for this however)/corp finance side of Big Pharma can pay very well at the mid-levels and beyond (160K+, most people I know make low 200K in this range from all different backgrounds but get to work on very cool projects IMO).
I'd said you would want a Controller/SG&A FP&A role
If you are talking about the revenue side of FP&A then you wouldn't really be allocating capital.
If you are talking about the SG&A side then you would get involved in the investments being made by the firm.
Budgeting and planning is usually part of an FP&A role, especially when SG&A is involved.
Excel is just used as a means to upload budgets and strategic plans to the financial system.
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