GE Finance Rotational Program
I've been looking into this career option and I was wondering if someone could answer a few questions about it. How hard is it to get into (i-banking standards?)? How much liberty do you have with choosing your locations and departments for each part of the rotation? What is the pay generally like? And on a slightly different note, I see GE offers internships to juniors over the summer, are these rare and difficult to get? I only ask, because I've heard of many people doing the rotational program, but I've never heard of interning at GE junior year and I feel like this would help your chances at getting into the rotational program after graduation.
Looks like you are talking about the FMP. Do a search - there are several threads discussing the details.
There is a wealth of information contained within previous threads.
That being said, I interviewed with GE FMP for an internship this past summer. It was the only non-ib interview that I did. I got a second round but ended up not going as I had a banking offer. They do offer internships to juniors.
Compared to I-banking standards, it is not difficult to get in. I networked with an alum from my school who came down for the information session. I did the standard routine, got her card and called her with questions etc. but it was very well received - I got the impression that not many students did this with them. I ended up talking with her for a pretty long time, she was very cool.
There is some liberty with regards to choosing locations/rotations - top performers get first dibs. Doing very well on your first rotation will set you up for the rest of the program. As far as the internship, I would have done it with GE Commercial Finance as this was the division my contact was from.
Their interviews were fairly interesting - got a lot of questions that I'd never experienced before. More probing type behavioral questions (very specific situations) and some technical questions are to be expected. The technical questions are more operational in nature (I think I got something about inventory management). If you show that you can think on your feet, you'll be fine.
I actually interned in FMP, plus did a lot of networking with full time FMP/CAS guys, so I know a decent amount about the program.
As far as location selection, you actually have very little choice. Your 1st rotation you have no choice at all. After that, you pick your top 3 choices, and it is supposed to be performance based as far as who gets their top pick. The secret is that they really just place you where they want you. I have a friend in the program who got top exam scores and performance rankings and they didn't place him where he wanted because they felt another location would "challenge him more".
The interview process you described is dead on - all behavioral, one operational question about inventory management (just talk about six sigma).
It's obviously less competitive than ibanking. GE actually places a huge weight on GPA through their interview process though - I have a 4.0, and just about every other intern was 3.8 or higher at my location.
Also, just to put in perspective the tough times GE is facing, the intern offer rate was less than 50% this summer across my business. Contrast that with over 80% last summer. I got an offer, so I'm not bitter or anything, but the culture is definitely very bureaucratic and hierarchical - I'm going through the banking interview process now...
I actually interned in FMP, plus did a lot of networking with full time FMP/CAS guys, so I know a decent amount about the program.
As far as location selection, you actually have very little choice. Your 1st rotation you have no choice at all. After that, you pick your top 3 choices, and it is supposed to be performance based as far as who gets their top pick. The secret is that they really just place you where they want you. I have a friend in the program who got top exam scores and performance rankings and they didn't place him where he wanted because they felt another location would "challenge him more".
The interview process you described is dead on - all behavioral, one operational question about inventory management (just talk about six sigma).
It's obviously less competitive than ibanking. GE actually places a huge weight on GPA through their interview process though - I have a 4.0, and just about every other intern was 3.8 or higher at my location.
Also, just to put in perspective the tough times GE is facing, the intern offer rate was less than 50% this summer across my business. Contrast that with over 80% last summer. I got an offer, so I'm not bitter or anything, but the culture is definitely very bureaucratic and hierarchical - I'm going through the banking interview process now...
I actually interned in FMP, plus did a lot of networking with full time FMP/CAS guys, so I know a decent amount about the program.
As far as location selection, you actually have very little choice. Your 1st rotation you have no choice at all. After that, you pick your top 3 choices, and it is supposed to be performance based as far as who gets their top pick. The secret is that they really just place you where they want you. I have a friend in the program who got top exam scores and performance rankings and they didn't place him where he wanted because they felt another location would "challenge him more".
The interview process you described is dead on - all behavioral, one operational question about inventory management (just talk about six sigma).
It's obviously less competitive than ibanking. GE actually places a huge weight on GPA through their interview process though - I have a 4.0, and just about every other intern was 3.8 or higher at my location.
Also, just to put in perspective the tough times GE is facing, the intern offer rate was less than 50% this summer across my business. Contrast that with over 80% last summer. I got an offer, so I'm not bitter or anything, but the culture is definitely very bureaucratic and hierarchical - I'm going through the banking interview process now...
hit the post button once, tard.
hit the post button once, tard.
hit the post button once, tard.
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