Corporate Finance at F500
What exactly is the role of the finance department at a top company such as Unilever or GE? how does it blend in with the rest of the company?
Thanks!
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Accounting. Budgeting. Forecasting.
^^^ that's the FP&A side, which i am more familiar with. could also include Treasury functions...
Most F500 have three groups:
1) FP&A 2) Program Finance 3 CorpDev
fp&a
Nefarious, Whats Program Finance? Do these 3 groups have roughly the same pay?
Yeah, I'd like ot know that too please!
I've worked a few F500 Corp Fin roles now, feel free to PM me with specific questions.
Overall, a majority of the roles are more accounting focused (usually FP&A), then there are usually some specialty roles as well - Business Development, Treasury, Tax, Investor Relations, etc...
Unless you're getting into something specialized BankMonkey is right, it is largely Accounting, Budgeting and Forecasting.
In terms of Pay:
1) CorpDev 2) FP&A 3) Program Finance
Although PF and FP&A are extremely close and certain positions pay more than the other between the two.
Program finance is found more in industry. Each program (for example a construction company) will have assigned anjalysts to that program to work on specific jobs.
Where are F500 Corp Finance jobs at? (Originally Posted: 01/15/2012)
I'm looking online and I dont see the anywhere. Whenever i go to a F500 website the only jobs I can find are those that arent related to Finance. Are these jobs only found through OCR?
Many (but not all) are OCR. Also, you're probably a little late in the game.
At my F500 I believe they are done recruiting for our rotational program, which is are the best entry level positions we have. That being said, analyst roles upon up pretty frequently.
Not sure where you're looking, but financial analyst roles should be out there.
^thanks.
bump anyway.
Wow....
I typed that from my phone. Didn't realize how bad the grammar was.
Good Luck with your search.
I wouldn't hesitate to reach out to recruiters either. I see alot of Financial Analyst positions posted in the Chicago area.
haha
CorpFin F500 (Originally Posted: 03/30/2008)
Ive heard alot of people recommend F500 CorpFin. What are the hours like? How would you go about finding these types of positions? Obviously the culture will vary from one firm to the next, but what are some general trends in this particular line of work? What type of work would you do...?
Would appreciate some insight from people who have work/considered working in this area. Or are atleast familiar with what it consists of.
Thanks in advance.
You could be in "finance": maintaining budgets, accounts rec/pay, etc.
You could be in "business development": this is where M&A work would come into play; you could be either at the division level or corporate level
You could be in "corporate development": this is generally more strategic planning at the top of the organization
IMO, Choice 1 is boring and should be avoided. Choices 2 and 3 can overlap, but in either case they are more competitive positions.
Here's an example of a Biz Dev. position at the analyst level: http://www.cmegroup.com/company/careers/open-positions/12736-CN_cme.html
Here's one for strategic planning (need Doostang for this): http://doostang.com/Group/JobPage.aspx?jid=27823&searchid=35c343ff-9fbb…
One of the best ways to figure out what a position entails, as well it's requirements, is to check out job postings.
It is the other way around: bus dev=strategy planning corp dev=M&A
FYI: the first posting is current, the second is old (January).
http://www.cmegroup.com/company/careers/open-positions/12736-CN_cme.html not working help
Corporate finance positions in NYC (F500)? (Originally Posted: 02/20/2013)
Does anyone have a list of companies that look for corporate finance positions in NYC without having to relocate? F500 firms specifically?
Also, do most corporate finance positions prefer accounting or finance degrees?
F500 Corp Fin jobs will generally be at headquarters, so I guess you want firms that have HQs in NY. The following link shows where all the F500 companies are based.
http://money.cnn.com/magazines/fortune/fortune500/2012/states/CA.html
Can't answer your 2nd question. But I'd guess both are pretty similar, with the slight edge to finance.
Wow, thanks a lot. That really helps!
PM me.
JPM, MS, BAML (Hq in charllote though), Pfizer, Colagate, Hertz are a few
Even if they have an "office" in NYC, you want to be at HQ or a US HQ. For instance, Sony is not based in NYC (obviously), but I think they have a large office there. If you take a position in a small office of a F500 there will be no room for advancement without moving.
I disagree with lm, from my experience there's a pretty strong preference towards accounting majors. You may not want a particular position, but based on sheer quantity of entry level positions Accounting is the way to go.
For reference, many FLDP programs take Acc and Fin majors, but still require a certain amount of accounting classes.
I work as HR Analyst for a F500 in NYC, but I am interested in FP&A roles at a F500 or even something that combines HR and Finance. Would a MBA, Masters in Finance, or Masters in Accounting be best? My undergrad is in psychology. I graduated with a 4.0 GPA, but I have yet to take the GMAT.
Amex has been hiring like crazy. I got called from recruiters for 3 different SFA positions there since March.
Is Amex expanding?
Difference between Finance at a BB and Corp Finance @ a F500? (Originally Posted: 03/02/2012)
Are you essentially doing similar work?
Think about it. If you were doing the same thing, then there would be no need for investment banks. So no, BBs must have a value-add.
Agreed. They are definitely different, mainly because of the difference of their structure. In IB or another strictly financial services firm, you are going to have your revenue generators (FO) and then you are going to have your operational/functional support teams (MO and BO). With F500 companies, its going to vary greatly depending on both the product/service they offer and the structure of their corp finance programs. If the F500 is in manufacturing, for example, you obviously are going to deal with things like inventory, and a more in depth version of PP&E than a financial services firm would in a BO role. For example if its a rotational program especially, you could have one stint where you are doing cost accounting, one doing FP&A, and one even doing limited M&A stuff.
I meant the differences between the Finance division at a BB (FP, product control, tax, treasury, etc.) and doing a FDLP at a F500.
I should have been more specific
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