Deloitte BTA v. Raytheon FLDP v. JPM Private Banking
Hey everyone! Long time lurker. I want to eventually move into asset management and these are the offers I have. What do you think is my best bet? I know JPM PB is in the asset management division of JPM but it isn't really asset management in and of itself. Other factors to consider
Starting pay: Deloitte = JPM > Raytheon Long time pay in the job: probably JPM> Deloitte = Raytheon What I think will be interesting: JPM > Deloitte = Raytheon Cities: Deloitte > Raytheon > JPM
Let me know. Thanks.
The Raytheon FLDP is a good program but probably not a good fit for your goals. The FELDP's (those out of grad school) tend to work on the more interesting projects, M&A stuff, etc. You would most likely be assigned to a program.
double post
I did a summer internship with JPM PB. Most of the analysts and associate were looking to get into BSchool or move over to the investment bank. It was a great resume booster but definitely not a career interest. However, given your end goal, this is probably the best bet other than going back to school.
A close friend of mine has been with Deloitte BTA for about a year now and seems to be enjoying it. Pros: good travel perks, strong culture within the BTA group...Cons: IT consulting, overworked in comparison to the pay...I'm not sure how this would translate into AM
No idea about Raytheon, however, I am starting a similar FLP program with a F500.
I would jump on Raytheon FLDP and never look back.
but for AM JPM
JPM is firing a lot of people. I would stick with Deloitte.
You think i'd be at risk directly after having been hired, given a bonus, and they paid for me to attend the two month training in NYC?
Why do you say this?
Also, is JPM PB/Deloitte/Raytheon--> CFA --> Investment management possible? Or would I need b school? Is it different depending on the job?
Deloitte BTA has nothing to do with asset mgmt. so you should rule that one out immediately. Raytheon FLDP is a great program but again doesn't align with your goals. That leaves JPM private banking - possibly your best shot at asset mgmt. JPM's firing - yeah sure, but who isn't. Strictly from your career standpoint, I'd go to JP's private bank. You can spin off your experience there to then get into AM.
Agree with the above. JPM most closely aligns with your career goals...PB Analyst -->Lateral/CFA --> MBA. The CFA is not necessary but can be used as a talking point to show interest.
So are the skills learned in an FLDP program not really helpful at all on making the switch to IM later on?
I can't really speak with authority as I haven't been through the program; however, I've met a number of people that have been through FLDP programs at the various prime contractors including RTN (they all have similar programs). Most rotation assignments are to a particular program. So, using RTN programs as examples, you'll be assigned to the Patriot program office or the Paveway missiles office. You'd be part of the team responsible for the FP&A for that program. So, although it's possible get a rotation as a finance guy in the Corp Strategy group or something, most likely the skills you'd learn would be program focused and wouldn't be directly applicable to AM.
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