F100 FLDP - Exelon

I was wondering how this program stacks up against something like a Big 4 audit or other fldp programs. I know a lot of people talk about the value of fldp programs due to a company's name or brand. I am just unsure on Exelon since I have no idea how relevant and popular their presence within the business world is. I saw that they are a fortune 100 company so I would think that they have a good presence.

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Comments (7)

  • Analyst 1 in CorpFin
Oct 12, 2020 - 10:58pm

I'm from the Chicago area and have an acquaintance who was in the program. It's definitely not a big hitter FLDP like Apple, GE, Microsoft, etc. and it doesn't pull from top schools as other programs do. But it's not a bad gig at all from my understanding. I would take an offer from them over big 4 audit, tax, and most advisory groups (though some advisory groups I'd take over Exelon). If you know you want to be in corporate finance and don't mind the idea of spending at least 4ish years working in energy then yeah, take it over big 4. But if you want to go the accounting track and become a controller or something, take big 4. 

Oct 23, 2020 - 8:29am

Had an offer from them but ended up going Big 4 FDD for my first job out of school, and ultimately have found that to be much better for my career.

This was a few years back but IIRC they had 1 year rotations for 3 years (as opposed to four 6 months rotations, a much better structure), and you had to move at their whim between Baltimore, Chicago, etc., and most importantly there were quite a few accounting focused rotations that turned me off, in addition to a lot of FP&A. If you got an internal audit/technical accounting rotation, guess what, you're stuck for a year, and you might the same again next year.... Pay also sucked (~$55K). There were only 1 or 2 "cool" rotations when I got an offer, I think a Pricing & Structuring rotation and something else if you want to do energy finance specifically. They did not have Corp Dev as a rotation at the time.

If your other options are Audit/Tax or something, I'd take the rotation. But if you can snag FDD/Valuations at a big 4, it will be infinitely better. My 2 cents.

Nov 4, 2020 - 3:47pm

Yeah, 55k in Chicago is absolutely terrible. I think it's below mid-tier audit offers from the likes of BDO/RSM/GT/etc. The typical compensation for first-year FLDPs that have rotations in Chicago is 65k-85k TC.

After typing the above, I looked at the current Exelon FLDP staff and the general pedigree/quality of experience (no offense to anyone here) is below my Chicago FLDP acquaintances -- so that may have something to do with it. Not to say that people in other programs come from elite target schools and have top tier backgrounds... but their backgrounds are generally more impressive.

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Apr 24, 2021 - 4:27pm

Just to give you my 2 cents, had an offer for the FLDP internship last year but turned it down for a F50 tech FLDP internship and full-time offer.  Heard salary is a fixed salary in the low 60ks for all three years.  You will rotate either in the chicago, baltimore, or delaware office and the rotations arent really that exciting. you just pray and hope they'll send you to the chicago office.

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