Advice for Corporate Finance Internships 2021?
I'm expanding my applications into corporate finance world in the f500. I've applied to just about every front office role there is, but I think I'm better suited to compete for the CF internships. I'm a 3.7 GPA, non-target, and have done two internships. These internships were in boutique private equity firms but it was a lot of research, and operational stuff I didn't do any financial modeling but got to help with one deal although it fell through (great experience though). It really just helped buffer my resume whether it helps or not.
But yeah, what programs would you all recommend me to apply to? I've already applied for Microsoft and AbbVie for corporate finance, and have become more interested in the FLDP route instead of IB which is out of reach. Any advice on how to best position myself for this? I'm already in very good terms with my career center so I'll be working with them one on one until April so we can get something secured for the summer. I also have a class with one professor currently who worked in a similar industry and made it very high up so I feel like that's a good chance to reach out maybe?
Thanks!
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Depending how how tied you are to location, you could look into Walmart's AFDP internship/fulltime position. I've heard it provides solid experience and the pay is good, especially for location. I know this post is slightly older, and I'm not sure if you've heard much more from Microsoft, but for full time I've heard there is one super day left and the class is almost full, I would imagine that the intern recruiting is roughly in the same place.
I would network with people in those programs you are applying to and seeing what they thinking about the company and the opportunities provided by their FDP. If you have a good relationship with people from your prior internships you can always ask if they have any connection in CF at reputable companies and go about it that way too.
Right on! Yeah, I think the Microsoft program is wrapping up, I'll definitely look into some other programs and try to network. How do you like interning in CF so far? Were the interviews very technical based?
I've enjoyed both my internships in the corporate world, definitely this past summer more so since it was finance instead of accounting based. Through my interviews I would say its been mostly behavioral, with a couple technicals. That being said, the technicals tend to be fairly simple, with maybe a few moving pieces.
You have a very competitive profile for a top FLDP. If I were in your shoes, I would do google/LinkedIn searches for FLDPs at every Tech company you think is cool (or any industry company you think is cool/interesting). Some companies have small programs that may not be advertised at all online (that's how my program was), which is why I'd suggest searching LinkedIn for the programs to find if there are any current analysts. If you reach out to them inquiring on the program, you should have a good response rate since you have a strong profile.
Also when you're comparing programs, your #1 consideration should be on the rotations available and length of rotations. 1-yr rotations are much easier to market externally than 6 mo. rotations no matter what you do and the experience you can get in various corporate rotations in my experience has been more marketable than strictly operational or accounting-heavy rotations (though I think one of these can be good). For both of these reasons, I wouldn't discount the smaller programs.
Op here. Thanks! I attended a career fair and there was one company that was attending for Summer FP&A. It's a small company, but it holds its name in the area and the people there are awesome. No one else showed up, lol, so I think I'll be somewhat a priority.
Aside from that, I have one coming up for a company in the F100 bucket. I must ask, how heavy are the accounting technicals? I feel very strong on the fit based end I usually do a lot of research on the company, craft my story as well as being personable. But I must admit, I took my basic financial accounting and managerial accounting over the summer so I didn't really put too much effort into really learning it. I'm just brushing over the technicals right now on the CF guides, they're pretty straight forward.
Oh also I should mention I'm a 3rd year, so I would be trying to seek FLDP/Corporate Finance internships not necessarily fulltime positions but that would be the goal post-graduation. I probably misunderstood or didn't make that clear, my bad.
Our interns had to fill out a theoretical model just high level walking through a simple financial analysis. Mid-level F500, it wasn’t tough though and a sophomore or junior who didn’t sleep through business school classes should mop it up if they have a pulse.
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