P&G
Aside from being a large company, what kind of reputation do they have? I know F500 will never compare to the prestige of IB, but is this still a "good" company to be working for? Is it competitive?
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P&G corpfin is a pretty good gig. Sets you up nicely for lateralling into BB associate positions.
depends on what you do, but P&G is the corporate class of GE, PepsiCo and perhaps a couple others as the top "industry" companies to work for. it is certainly beyond "good"
really it depends on what you do there and what you want to do after. If a long-term goal is to be a GM/pursue an executive-level role in industry, P&G is a fantastic place to be.
If you're in corporate development I imagine it is plausible to lateral to IB, particularly in the mid-west. If marketing, it's the global leader hands down (both in terms of dollars and prestige). Funny as it sounds, but - in the marketing world - the brand manager of Tide or Swiffer is actually one of the most lucrative and desirable jobs out there.
All that said, many make a career out of P&G b/c of relatively strong compensation and stock options combined with low cost of living in Cincinnati and interesting long-term opportunities.
now if it's some bs role, then the above is a moot point
money isn't everything, but...
say this guy starts working for PG's corpfin next year. in 10 years, assuming steady promotions and progression, how much can he expect to make?
While P&G is the unrivaled leader in marketing, corporate finance would be my area of interest. Obviously, compensation is a consideration of mine, but my primary concern is advancement opportunities and lateral opportunities (more than likely not IB).
So I take it a Corp Finance job at PepsiCo/P&G would be good for a sophomore then (assuming I'd want to get into IB for my junior summer)?
if you want to do IB then do IB. If you can't get in, then doing corp dev. is probably your next most relevant option. have no idea if these companies even offer that type of internship though.
to answer the comp question, a 10 year trajectory has a number of variables: how many promotions? mba or no mba? stay in group or roll-out into the business? and on and on...
a somewhat informed guesstimate is you start right out of undergrad at 50k (its Cincinnati...)and get a bump of 3-20% per year depending on performance and promotions. 10 years would probably put you at a Director level, so a cash comp range would be $125-$175 + 10-15k in stock (depending on price, options, etc) + whatever the 401K and pension is. This assumes strong performance with 4-5 promotions...
i imagine ~200k in Cincinnati in your early 30s would lead to a high-quality of life.
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