Careers With The Most DCF Modeling/Financial Forecasting Besides Banking?
What are other careers besides investment banking , consulting and PE that require a lot of financial modeling, revenue projections, etc.? The thing that appeals to me about banking is that it is quantitative (the modeling aspect), forward looking (compared to accounting) and really requires one to understand businesses and their strategies, competitive advantages, etc. very well in order to do well. Are there any other careers that allow one to really see how businesses work and involve financial modeling like banking?
Corporate development at a F500 (or other large non-financial firm). Also, anything in the financial planning department at those firms (i.e. someone has to decide whether a new factory or piece of equipment is needed, how to finance it, etc.).
A sophisticated firm will have excel models for their business as well for subsidiaries or components/profit centers for that business.
See if any F500 firm is recruiting at your school for their Finance division.
Many Real Estate jobs on the finance side require a lot of financial modeling... Real Estate Investment / PE in particular, but also certain other jobs within the big real estate companies like JLL and CBRE and all that will require you to do a lot of modeling. Real Estate Development requires a specific kind of modeling too, as does appraisal.
I know it's not glamorous but I work for a F100 insurance company in corp finance and the amount and depth of financial modeling is pretty ridiculous. It is also a great way to advance if you think you would be really good at it - very merit based as far as this type of work goes. I got promoted to corp strategy group 6 months into an entry level finance role, mostly due to modeling skills. In all seriousness, you will get the complexity of work that you can handle, and assuming your learning curve is pretty steep you can go far.
What is the comp structure like within your former group and the one you're working for now?
I don't want to get too detailed, but old group starts analysts in the 50s and basically keeps them there if you don't rock the boat - 1.5% annual raise, 5-10% bonus. A few members of that group have been getting exactly that for 25 years now... not even exaggerating. New group - significantly better. Don't know what a new analyst in the group would make since we don't hire fresh grads. The analyst I replaced was making around 110 base + 15-30% bonus. But he had been there for a few years. Of course I am not getting that, but think I will be there in 2-3 years if I stick around.
A buyside job might give you the exposure you need in terms of the depth of industry knowledge.
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Is there anything that isn't just as hard to get into as banking that involves a lot of modeling?
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I don't think financial planning in f500 is that modeling intensive....from what i hear atleast. can anyone elaborate?
a career in corporate financial management should be good for you. I know that Chrysler and Ford have internships and jobs in product development. The job descriptions states that you will have to do a lot of DCF analysis.
Is product development considered to be marketing or finance?
I am just paraphrasing the job description. You will have to ask Chrysler and Ford' s HR.
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