FLDP or Controller at F500 O&G

OSU8686's picture
Rank: Senior Chimp | banana points 16

FLDP programs are seen by a majority of people in the CF world to one of the more coveted CF jobs out of undergrad. I am curious as to what you all think which route will lead to better exit opportunities in the future an FLDP (MSFT/J&J/IBM) or a role in CF at an O&G major.

Would love to see if any of you have personally seen either of these career paths play out.

Thank you

Comments (7)

Nov 19, 2018

Hi OSU8686, any of these threads helpful:

  • MBB->???-> CEO Fortune 500 operational role at an F500 but I haven't seen that happen very often/ever. So, what is the best path to ... management role in a F500 company. It seems that in order to do that you need to go from MBB to some type of ... into finance of some sort (PE, Hedge Funds, Asset Mgmt etc) or corporate strategy (i.e. internal ...
  • ALDI Internship vs. Fortune 500 Internship ALDI for their District Manager internship. The F500 offers are all your typical financial analyst ... investment banks when I apply for an internship my Junior year. Am I better off just taking one of the F500 ... Hey everyone, I'm currently a Sophomore Finance major at a non-target (University of ...
  • The Path To Becoming a Fortune 500 CEO rose through the ranks in the finance departments at Gulf Oil and Chevron before she was rotated into ... Original Article at Forbes: The Path to Becoming a Fortune 500 CEO The Path To Becoming A Fortune ... Fortune 500 CEOs. Here's some of what the study discovered: Develop Financial Acumen About 30 percent ...
  • Fortune 500 corporate finance internship? What would finance interns do at F500 companies? Internship ...
  • Fortune 500 Finance Rotation to HF? for a HF? A) Finance rotation at Fortune 500 company while studying for the CFA-----> Get a job at ... at Fortune 500 company while studying for the CFA-----> Get a job in ER in the sector I previously ... a sector specific HF after I get my CFA and some industry specific work experience. or B) Finance rotation ...
  • Are Fortune 500 Finance Analyst Programs still hiring? where. Looking at Fortune 500 but since I applied to everything on OCR at my college, I know F500 do not ... them to help me. Question is are F500 finance still looking to hire? I would think some are still but ... recruit for finance and ops and a few credit are recruited for but probably not that much finance
  • Finance Role at Fortune 500 Companies Hey guys, I've been so focused on banking that I totally ruled out finance jobs at fortune ... worth pursuing. What are the types of entry level FT jobs are F500 companies? What is the career path ... 500 companies. I'm just trying to get an idea of the lifestyle and pay to see if its something ...
  • More suggestions...

Fingers crossed that one of those helps you.

Nov 22, 2018

Unless you specifically want to stay in O&G, the FLDPs would give you better exit opportunities.

Nov 23, 2018

FLDP (Any other industry) > O&G.... why silo yourself in an industry when you don't have to? Especially one as cyclical as O&G, not to mention its bleak future outlook. The rotational element in a FLDP cannot be understated... FLDP hands down.

Nov 28, 2018

As an ex-O&G person myself, I'd advise you to go with the O&G role. What exit opportunities are you considering?

    • 1
Nov 28, 2018

Thank you all for your comments! My tentative path is to work for O&G CF (3-5 year) --> MBA (Rice/UT/Cox) or if possible I will go M7. --> stay in O&G CF or O&G Banking/specialized O&G role at MBB. would love to hear your thoughts & what you have seen through your career. Also would like to know why and how you got out of O&G if you would like to share.

Thank you in advance

P.S i have until 5pm tomorrow ( 11/29) to decide :)

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Nov 29, 2018

Unless O&G is where you want to be long term, I'd go with the FLDP. I'm coming off my FLDP this summer, and when I finish I'll have 3 different jobs/experiences under my belt and will be starting into my 4th. Everyone else my age might have 2 roles under their belt. The rotational and training aspect of a FLDP looks great on a resume.

On top of that (and probably most importantly) you have the signaling power to other companies that you were a top candidate and were selected to be in the FLDP. If you are a regular hire, it is harder for them to differentiate if you were a top candidate or just part of the riff raff. Think of it like going to a top school- there are dumb people at top schools and smart people at non-targets. The ones at the top school are better off because of the signaling power.

Another thing to note is that all else equal, MBAs are going to look more favorably on an FLDP than a regular finance employee.

    • 2
Dec 3, 2018
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