F500 FLDP vs Big 4 Risk Consulting
I'm a Malaysian and I recently graduated from a Malaysian private university. I am now considering a few offers on hand but I am not sure what else should I be considering when I am comparing both.
I got an offer from a well-known F500 company's financial leadership development program which is a 2-year program with rotations locally and overseas. In the US and Europe, the program is considered very prestigious but I am not sure of its reputation in Asia. The work as I interpret from its description is that it is more accounting-based (FP&A, Supply Chain Finance, Controllership, Commercial finance).
Another offer that I have is for a Big 4 Financial risk management position. The work description is basically surrounding credit risk analysis, market risk analysis, and anything regarding IFRS/MFRS 9.
Here is my dilemma. I do not mind working in either position as the job market right now is pretty bad and I should be happy that I even got an offer. However, I do not really know which offer my interest really lies as I've had no prior experience in either company/department. My internship experiences were in a different line of services altogether. From those prior experiences, the only solid interest I can tell is that I like to do excel modeling.
But I do have a short-term goal for now. I wish to relocate to Singapore within the next two years. I was fortunate enough to be able to experience what it was like living and working there for a short while and I definitely preferred my life in SG than in Msia. The convenience and efficiency of the people living there were what made me want to stay.
So my question is, which offer would provide me a better chance of exiting to Singapore within the next 2 years? The F500 or Big 4? I am disregarding the pay and benefits for now as my bigger picture is to move to SG. (Both are able to sustain my living albeit one pays more than the other)
Please help out this lost uni grad.
Edit: Guess there's no harm in disclosing the FLDP for more in-depth advice. Its the GE FMP.
Both sound like a good opportunity to kick-start your career. The Big 4 risk can be quite dry, and can narrow your next move. That being said, if you know what you want to do next and can navigate the process go for it. The FDLP will give you quite good overview of the broader business and I think will build a very good perspective with the rotations. Bottom line for me is that the big 4 will probably give you more niche experience and can lead to a solid next job, but the FDLP can build a skillset and network which can be highly valuable 5-10 down the line. Generally, you will find a lot of people from big 4's in those corporations. Ask yourself if you want to build hard skills and knowledge or more of a mix combined with soft skills and I would say have a bit more fun.
Yeah, so far the people I've asked advised that I take the Big 4 offer as rotations don't really give a very in-depth experience since the rotations periods are usually only 6 months. If it gives you a clearer picture, the FLDP is GE's FMP.
Anyways, thanks for the input eastofheaven!
Had both of these offers (plus a few more coming out of school), although the accounting heavy FLDPs (the better ones give you the option to do strategy or M&A), I would give the slight nod to the FLDP. Gives you a wider range of experiences as you figure out what you want to do (or what you don't want to do), and looks better on a bschool application if you ever want to do that.
Plus risk advisory is basically internal audit which is super boring- they try to dress it up and make it sound fancy but its basically boring controls work.
Yeah, from what I've gathered a significant part of their work is to support the internal audit department which is what made me really hesistant. If it paints a clearer picture for you, the FLDP is GE's FMP. Since GE Capital is basically gone, a rotation into M&A/Strategy is no longer an option (it was before).
Thanks for the input kendrick1993!
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