What Are FLDP's at Investment Banks like?

Kinda curious on the site's opinion of FLDP's at the top companies? What do people normally do after their 2-3 year rotation is over? Do they just get fired?

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Comments (15)

Jul 6, 2017

thought you were hardcore ER bent?

Jul 7, 2017

I would absolutely be thrilled to get ER but there are so few spots open. I'm getting pushed for a decent FLDP that I think would be better than going to ops or compliance.

Jul 6, 2017

There are tons of threads regarding FLDP's on this website. Consensus is that doing an FLDP in a company with an established program (GE, J&J, Boeing etc) will fast-track you into management positions.

And no, they don't get fired. Why would a firm spend so much time training you, simply to fire you? That makes no sense whatsoever and it isn't like banking where they just need fresh bodies to do the grunt work. I read somewhere that GE spends around 250k on its FMP's although I'm not sure if this is true.

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Jul 7, 2017

Yeah it's just unclear at some of the bank FLDP-type programs what you do afterwards (GS/JPM/MS/BAML).

Jul 8, 2017

Look at F50-100's FLDP programs. When it comes to banks, the reality is that the traditional FO positions hold the most visibility, and a large number of executives come from here.

A simple way to gauge the quality of an FLDP type program is to just do a linkedin search and see where FLDP's from various firms have placed.

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Jul 8, 2017
Work_Life_Challenge:

Look at F50-100's FLDP programs. When it comes to banks, the reality is that the traditional FO positions hold the most visibility, and a large number of executives come from here.

A simple way to gauge the quality of an FLDP type program is to just do a linkedin search and see where FLDP's from various firms have placed.

Yes and no. For a place like JPM or BoA, investment banking is a fairly small percent of overall revenue and frankly the least involved to manage.
In addition, a FIG group might have 100+ people and an analyst could be 7-8 levels down from the CEO. A corporate strategy team might have 10 people and be 2 or 3 levels down.

Jul 8, 2017

I've always heard the FLDP type program are considered second tier at banks, but then again, I've never really looked into it much. Could definitely be wrong here.

Jul 8, 2017

I don't think anyone is going to put FLDP at a bank in the same tier as working in M&A at JPM but that's not to say that the FLDP doesn't have perks. Pay is like 70k on 40-50 hours in cities like Charlotte where you can get an apartment for 900-1200 bucks. To me, it sounds like a good second option that is better than being in some BO role (except for maybe credit risk).

Jul 8, 2017

Corporate M&A, Investor Relations, and Internal Strategy are also options within fldps usually.

Jul 8, 2017

Depends on the firm. Most common I've seen in corp fin, treasury, and corp accounting. I think accounting would be horrible but at least it's only for a year.

Jul 8, 2017

Insane. Definitely will look into that. Do they take interns or is it all FT?

Best Response
Jul 6, 2017

Do you think Bill Belichick has a Coaching Leadership Development Program (CLDP) where he has candidates cut his sweater sleeves off before each game?

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Jul 9, 2017

I've been apart of a FLDP program and the roles after the program goes to Analyst>Manager>Director>VP. FDLP is corporate finance which is not related to financial markets and capital. corporate finance is really accounting and the jobs there are all about building a transparent picture of how well the company is doing, and figuring out ways to improve profit or transparency based off the internal numbers. There isn't a difference between bank FLDP's and other industries except for what type of business you're looking at. It is not something that would help someone break into financial services in my opinion.