F100 Financial Analyst Role vs FDLP with manufacturing/industrial company

homeratthebat's picture
Rank: Chimp | 13

So I've received two offers. The first is from Allstate to be an entry-level financial analyst, $60K base but no FDLP. Also got an offer from UL for an FDLP for $63K base. For me the pros and cons go:

Allstate:
- Experience with F100 with opportunity to lateral out to other F500 in IL
-While not a FDLP per se, seem to rotate entry-levels around early on. I've requested to start in a proper FP&A role to get that experience
- Much more "recognized" company, brand value on resume moving forward

UL
- Seems to pay around 10-15% better at FA/SFA levels
- FDLP program would expose me to audit and controllership reporting, which I haven't had a chance to do yet
- Might not carry cache outside of manufacturing/industrial sectors

I'm pretty undecided at this point. I'd love any input.

Comments (8)

Jan 30, 2018

If you are planning to lateral out to another F500 company doing similar kind of work then go with AllState. Sounds like in either role, you will be performing similar functions or will eventually get exposure to audit (if that is an experience you are seeking).

Also take into consideration the industry you will be working in, insurance vs manufacturing

A 10-15% difference in pay isn't much after accounting for taxes and expenses, but if money is a bigger motivator, then go for it.

End of the day, you want to choose the option that will give you greater potential upside in the future.

Jan 30, 2018

I'm definitely trying to take a pretty long-term view on this. If you were me, which one would you take?

Jan 30, 2018

If your long term goal is to stay in a F100/500 company in different corporate finance roles, then the AllState offer appears to be the better choice.

Without knowing the specific responsibilities each position offers, both offers look similar in nature, albeit AllState offering a more recognizable brand name.

    • 1
Jan 30, 2018

I'm fairly knowledgeable on manufactring/industrial, but can't seem to place UL. Who are they?

twitter: @CorpFin_Guy

Jan 30, 2018
accountingbyday:

I'm fairly knowledgeable on manufactring/industrial, but can't seem to place UL. Who are they?

Sorry, to clarify UL is indeed Underwriters Laboratories.

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Jan 30, 2018

I would really think about whether or not you more interested in a company that sells a product or a service. I have spent 2 years in different finance roles in industrial/manufacturing companies, and it is much more rewarding for me to be able to go out on the factory floor and touch the product / easier to see what my contribution is helping produce.

To the above, I'm assuming UL is Underwriter Labs, the safety inspection organization https://en.wikipedia.org/wiki/UL_(safety_organization)

Jan 30, 2018

I'd bet on UL being Unilever. I'd talk to people in the division or position you want to be in. Also, research exit opportunities that people in those programs have left to.

Jan 30, 2018
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