Comments (38)

Aug 8, 2018

I am very interested to see where this thread goes. I'm working in corporate finance right now, but not sure about which companies would be considered most "prestigious". I think in terms of prestige, top banks may be better than FAANG, but compensation wise - FAANG may be on top. Not sure though...

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Aug 9, 2018

Yeah. Would be interesting to see where those with financial rotation type programs would rank too.

Aug 9, 2018

I know GE is going through a dumpster fire right now, but isn't their FLDP one of the most well known?

Aug 8, 2018

I have heard of this one before also. Most notable ones that I am aware of would be GE as you stated, also Capital One's FRP, Microsoft's FRP, and Apple's FLDP

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Aug 15, 2018

I think that's actually why ge is in trouble. They could hire the best people who didn't have the ambition for banks/hf/consulting etc. GE bought high and sold low in virtually every industry in the last ten-twenty years.

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Aug 9, 2018

Do you mean prestigious as far as getting into a good B-school? or just the regular prestige of having your friends and family go "ooo nice" when you tell them where you work?
If you're talking about Business school prestige, my guess is that FAANG and really any F100 company are going to be about equal. If you're talking about the "regular" prestige, then I have bad news for you.. in CF, it just doesn't work like that. Outside of Google or maybe Apple, no one is going to be that impressed by where you work. I'm not sure what your state in life is now, but you'll understand it when you get there- CF doesn't really carry any social prestige until you're a director or above.

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Aug 9, 2018
dan_yo23:

Do you mean prestigious as far as getting into a good B-school? or just the regular prestige of having your friends and family go "ooo nice" when you tell them where you work?
If you're talking about Business school prestige, my guess is that FAANG and really any F100 company are going to be about equal. If you're talking about the "regular" prestige, then I have bad news for you.. in CF, it just doesn't work like that. Outside of Google or maybe Apple, no one is going to be that impressed by where you work. I'm not sure what your state in life is now, but you'll understand it when you get there- CF doesn't really carry any social prestige until you're a director or above.

I was referring to it in terms of B-School admissions mostly

Aug 16, 2018

Let's be honest, no one is impressed about another's career unless they know what it entails, how much it pays, and the notoriety involved.

My thought example here:
-They might be impressed if you are a brain surgeon because that's a very difficult job with high stakes
-They might be impressed if they knew what you were making as an investment banker fresh out of college
-They might be impressed if you work for Warren Buffett because everyone knows he was once the richest man in the world.

Unfortunately many high-profile roles are just unknown to the majority of people. E.g., most people probably think investment banker and stock broker are the same thing.

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Aug 9, 2018

Disney hasn't been mentioned but has a very good corp. fin. sector

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Aug 8, 2018

Disney does have a well known rotation program but is fairly low in compensation, from what I've gathered when compared to Microsoft and Capital One.

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Aug 10, 2018

I have found one of the best and unique Zeta-financial company to work.

Alice D Shealey
Zeta Corporate Finance
https://zeta-financial.com/

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Aug 8, 2018

What makes it so great?

Aug 10, 2018

80s-2000's GE's FMP program. Now it's probably wide open with the FAANGs, big Pharma, and other M&A active conglomerates. Also Cargill has a sweet Corp Dev team.

Aug 15, 2018

This is exactly right. Not sure that Cargill's Corp Dev team is notorious for being awesome, but it might be true.

OP was asking in regards to BSchool, but in terms of finding other jobs, being at the industry leader in any sector is always good. An ecommmerce company would love to hire someone from Amazon, Industrial company would still like GE or Honeywell, CPG companies would like P&G alums, pharma from J&J, etc.... It might not be a huge difference in prestige and the role might not be any better, but these brand names certainly help.

twitter: @CorpFin_Guy

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Aug 15, 2018

Currently work at FAANG in corporate finance and it does have prestige to the average person (I get lots of 'oh wow you work at X, that must be such a fun job'), but honestly within the company, finance is considered a very low value-add function. Product and engineering are the rockstars within FAANG, finance are just the bean-counters

I am post-MBA so the bschool app prestige doesn't matter to me, but I would assume adcoms would prob be more impressed with FAANG corp fin than any random F500 company.

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Aug 9, 2018

Definitely seeing the same thing in A&D- the engineers are the rockstars here and finance is more of an accounting function. Most of our contracts get reimbursed for cost, so that doesn't inspire much need for efficiency or cost-cutting measures.. just accurate bean counting.

Any advice on industries where finance people are higher on the totem pole? Seems like manufacturing and retail, but I'd love to get more perspective.

Aug 24, 2018

Look for industries where it's not uncommon for a finance executive to go into a general management role (eg cfo --> ceo, being the extreme example). I've seen it happen first hand a number of times in Financial Services & CPG. That doesn't necessarily mean that the CFO route is the primary feeder into the CEO role in CPG, since it's more common to be from Marketing/Sales, but it happens enough that it's not out of the ordinary. I've heard that finance has a larger role in CPG companies that are commodity driven with less of a focus on marketing.

Haven't seen this type of transition as much in Retail, as the primary feeder is predominantly Merchandising & Marketing.

Random thought... I find that many CFOs that I've spoken with (say, at smaller segments) don't want to move into operational or GM-type roles despite having the opportunity to do so, and prefer to stay in Finance.

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Aug 16, 2018

I swear I've seen you posting this before. For the love of god please stop spreading your experience at Amazon as the be all end all of Finance @ FAANG.

For anyone reading this that may not know much about the industry please realize that the company matters very much. Finance at F/G is very different than the other FAANGs. Slack, Uber, Stripe, Airbnb, Lyft are also companies where Finance is more respected and adds value.

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Aug 15, 2018

JUUL

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Aug 15, 2018

CF at up-and-coming tech companies like AirBnB Lyft Square etc. Just look up their team's background on LinkedIn, mostly ex-bankers/consultants.

Aug 16, 2018

Thank you for actually knowing what you are talking about.

Aug 15, 2018

My rule of thumb: the more technical difficult an industry is (STEM oriented), the less prestige CF has. In upstream O&G, the reservoir engineers/geologists run the show. In tech, software engineers run the show, etc etc. Regardless, corporate development and strategy folks typically come from any discipline, finance included. In reality, I try not to spend much time worrying about this and focus my efforts where they will be rewarded. I work in O&G, and while I'll never help a company find oil, I can certainly help them bring products to market, purchase a competitor, divest an asset, or invest capital in a new project. Yes, outside of consulting/accounting/banking, where finance often "is the business," all companies exist to produce free cash flow for financial investors, so if you can't find a niche you're looking in the wrong places.

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Aug 15, 2018

I always find it very confusing when Americans talk about corporate finance. In the UK, corporate finance typically refers to how the corporate entity is actually financed, so the job may deal with raising debt and equity, and could extend to M&A and IPOs etc.

In the US it seems to mean finance and accounting within a corporate entity. I'm not sure why this would ever have any "prestige" associated with it,

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Aug 15, 2018

In the US its all-encompassing. Corporate finance will include accounting roles and corporate development roles. So different teams may cover treasury/ capital raising work, M&A, or business accounting. Also, of course there is prestige attached. Prestige moves with seniority and the CFO leads all of these efforts.

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Aug 15, 2018

i second the comment about juul. when you have ex-KKR, corvex, tiger global, etc. guys working in your corp fin department, some of the prestige carries over, right or wrong

Aug 23, 2018

Toys R Us

Jul 6, 2019
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Jul 6, 2019
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