Banking Transition into a FLDP
Hey monkeys,
Today I came to the sad realization that I might not graduate with a full time banking offer and am trying to look for alternatives. No big deal. Gotta carry on, learn from my mistakes and come up with a backup plan. I'd come across finance rotation programs (yes, I know that they are not as prestigious as banking but there is some overlap in skills and I think I might actually really enjoy it). I was wondering if there is anyone else out there that made a similar transition from banking to corporate finance, or someone who is aready in these programs, and would be free to offer any pointers/advice? I'd really appreciate it.
Fldp to banking possible? (Originally Posted: 03/28/2015)
I'm going into a two year FLDP at a middle market finance company/bank. I've interned there for a while and think there's a good chance of making VP in 5 to 6 years ( structure is analyst -> AVP -> VP). Rotations will probably be controllership, fp&a, treasury, corp dev/IR/pricing.
Goal is to work in BB banking and trying to figure out if the switch is possible, and if so at what point. I know there is the MBA route which is most likely what ill end up doing, but just looking for feedback from anyone who has done this before or knows someone who has.
Also, would I automatically be a FIG guy since Id be coming from that industry?
Thanks in advance for the help.
Bump
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Moving from FLDP to Banking (Originally Posted: 07/08/2012)
I'm currently a month and a half into my first rotation at a f500 FLDP program. I'm doing kind of a hybrid finance/accounting role as my first rotation. My main responsibilities include cash flow forecasting, some GL work, and then a myriad of special projects (I did one recently on projecting future severance pay for employees that are slated to get laid off).
This was not what I had planned on doing and I really want to be able to make the switch to banking/IM/trading, with IM being the preferred. I'm from a top 10 ugrad, econ major, college athlete, 3.5 gpa, and a tech internship before this.
My question is what should my steps be in trying to make a switch? I'm working hard and doing well at work. I already took the gmat and got a 710, looking to take the CFA this December. Is it all about networking at this point? And if so what should be my approach to that. Thanks for any input in advance.
If you are planning to take the CFA, then you are going for investment management, not investment banking. There is a big difference. I suggest you do some research if you truly want to do banking.
The switch will be difficult but not impossible. Start by going to your career center and compiling a list of all of the alumni that work in your city in IM/trading/banking. Try and meet as many people as you can regardless of whether or not they do EXACTLY what you want to do. If you hit it off/impress them, its likely they know other people within finance that you can sit down with. Have something to talk about; research their background and ask poignant questions so the conversation doesnt ramble on. BE BLUNT. Tell them you are looking to make the move and ask them if there are openings at their firm or if they know of any.
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