Treasury (BB) or Product Control (BB)
Hi all,
I have offers for Treasury at a BB and Product Control at another BB. I was wondering about the career paths for both, salary or earning potential for both and potential exit paths.
I know Product Control is general disapproved in this forum, but would Treasury really be better?
Given those two options I would pick Treasury. Gives you broader exposure to the cash management side of the business such as how its financed, etc. which IMO provides a stronger finance knowledge. I started off in a BB finance FLDP for reference
Product control can be extremely limiting and niche depending on what your product is. It really depends on your overall career goals, but at least as part of a FLDP within the finance organization I would expect first years to be around 60-70K and then 90K as an associate/AVP and into the mid-100K as a VP and director (with say 10-20% bonus).
For exits, in general it is often fairly easy to move around within the finance function to other FPA/controller/etc type roles. I would say in general it would be hard to transition (without an MBA) to a true front office role, but is doable at the analyst level (I did it and others in my program did as well). Also knew analysts/associates in the program who went to quality B-Schools (Wharton, Columbia, Stern, Yale, etc).
At my top BB, Treasury tends to recruit people with better backgrounds, compensation for analysts is a solid 15-20k more, and moving around on the firm is easier. It's also a really growing area of the regulatory framework. At least at my bank, I would easily pick Treasury.
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