Do corporate finance rotational programs only recruit recent graduates?

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Hey guys, just wondering if corporate finance rotational programs only recruit recent graduates. I just graduated this January and was looking into this. I might start out small at a lower company since I'm way too late in the game.

Also any general advice would help significantly, I'm going to network and prep for technical/behavior interview questions.

I really want to start an entry role in corporate finance in the NYC location, any advice for that? Thanks so much in advance.

Comments (12)

 
Feb 20, 2013 - 10:11pm

I think this is the case, but you'll have to look at each program individually. I *believe* some of them accept people who have graduated within 1 year

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Feb 20, 2013 - 10:50pm

D M:
I think this is the case, but you'll have to look at each program individually. I *believe* some of them accept people who have graduated within 1 year

If so, that would be great. Even if it's not a rotational program, is there any chance some firms in NYC will hire undergrads as analysts?

Also, do you have any idea which company on top of your head that might accept people who have graduated within 1 year?

If possible, what kind of internships/jobs should I do in the mean time to gain the necessary experience to make myself more marketable?

Thanks a lot!

 
Feb 21, 2013 - 10:14pm

D M:
I think this is the case, but you'll have to look at each program individually. I *believe* some of them accept people who have graduated within 1 year

This is true. At my current internship (a F500 corp fin), none of the groups had hired or will hire anyone who has been out of college for more than a year unless they have a strong connect within the firm/group.

 
Feb 21, 2013 - 12:47am

No idea about 1 year, you're going to have to do some digging for that. I have no doubt there are firms in NYC that hire for financial, but once again, you're going to have to figure out which those are.

As for internships/jobs... take the best one you can get man. I'd just start applying everywhere if you're desperate. But start right the fuck now, you're already late as shit for a lot of places.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Feb 21, 2013 - 11:03am

D M:
No idea about 1 year, you're going to have to do some digging for that. I have no doubt there are firms in NYC that hire for financial, but once again, you're going to have to figure out which those are.

As for internships/jobs... take the best one you can get man. I'd just start applying everywhere if you're desperate. But start right the fuck now, you're already late as shit for a lot of places.

Yeah that's what I've been doing now. I have one last question, if I'm not able to get the entry/internship positions ... should I go for a MSF and then try again?

 
Feb 22, 2013 - 10:15am

kcsystem:
D M:
No idea about 1 year, you're going to have to do some digging for that. I have no doubt there are firms in NYC that hire for financial, but once again, you're going to have to figure out which those are.

As for internships/jobs... take the best one you can get man. I'd just start applying everywhere if you're desperate. But start right the fuck now, you're already late as shit for a lot of places.

Yeah that's what I've been doing now. I have one last question, if I'm not able to get the entry/internship positions ... should I go for a MSF and then try again?

Hey man,

Aside from an MSF, you could also consider a masters of accounting at a top school. Since I saw you're a finance major, look into schools that are designed for people like you. USC, UNC, UT-Austin are all great schools that will also open up doors for you outside of accounting if you do well. UMich might also be an option if you're able to take cost/intermediate financial accounting while applying to their program, although this may be harder to do.

If you're dead-set on the corporate side of things, accounting will be more useful than any of your finance classes and even for investment banking, I'd say accounting is way more important than finance aside from knowing how to do an NPV/comps analysis. Be warned that if you have interests in things like i-banking, consulting, etc., you'll have to work harder and network for those because they usually don't recruit at masters of accounting programs, but that's where going to a school like USC, UNC, UT-Austin, etc. will help you. They all have a decent amount of alumni, at the very least in boutique shops, who you can contact to try and break in. Additionally, these schools will have alumni at all sorts of F500 companies and will have some OCR for corporate finance jobs. In fact, I'd say that having a masters of accounting and being eligible for the CPA will put you ahead of lots of undergrads with only a bachelor's in finance.

I will be attending one of these programs I mentioned above for my masters of accounting, so I can't answer too many questions about it yet, but as I go through the process, I'll definitely try to make some posts on WSO about my experience with it. Masters in Finance and Masters of Accounting are both good options, but for both, I'd highly recommend, particularly for the MFin, to go to a program that's well-known nationally and can open more doors than just Big 4 audit/tax. If you don't get into a top program, it's best to just go to your local school, save money, and network hard for Big 4 audit.

 
Feb 21, 2013 - 1:51pm

What's your ugrad degree in? It'd be better if you posted your resume to razume.com (you can black out all identifying info before you do) so we can take a look at it. More info = better advice.

Also, please keep in mind I'm not in-industry. Everything I tell you is either anecdotal from people in-industry or what I consider to be common sense.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Feb 21, 2013 - 8:28pm

D M:
What's your ugrad degree in? It'd be better if you posted your resume to razumecom (you can black out all identifying info before you do) so we can take a look at it. More info = better advice.

Also, please keep in mind I'm not in-industry. Everything I tell you is either anecdotal from people in-industry or what I consider to be common sense.

 
Feb 21, 2013 - 4:26pm

Thanks for helping me out, my ugrad degree is in finance with a minor in economics. I dont know why im not allowed to post links yet, I think im too new of a user. I'm going to try sending it to your inbox though, thanks again!

 
Feb 21, 2013 - 6:23pm
"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
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