what is the Prop trading for F500 companies called (supposing its a non bank like cardinal health or nationwide)?!!!!
hello all I have a question about what the title of this certain position might be called.
So when a company has extra money laying around after pay after paying everybody etc. Do they typically have a sector called "investments" that is in charge of taking that extra money and investing it in some long security, derv, stock, and what not. to increase the companies profit? Or do they not. (kinda like the prop trader for a bank)
If they do what is the "job title" i am just exploring different careers and think that with a compsci and finance duo something like this might be in my ball park.
Thanks again all!!!!
http://www.businessweek.com/magazine/content/10_23/b4181033582670.htm
Treasury? Generally companies don't put this money in risky investments, usually high rated bonds and treasuries. Also this money is generally not actively managed in house often allocated to an investment manager.
Sorry.
ohh ok so they dont really have a person to do that.. then what type of job would deal with investing and such at any non bank F500 ( the reason I ask this is because there are a lot F500 HQ's in my area and not all of them are finance except for Nationwide finance) and I love investing and such and believe that i would like to do that for a long time ( hopefully VP level by 30 or something) And if it is a treasury is that a good field to be in what is pay like, and how long does it typically take to move up the latter? Also would I benefit in working in banking analyst years and coming back or trading or just going straight there. Or is management consulting a better track? Thanks a lot!! Sorry if I sound ignorant I am still trying to learn a lot.
Thanks a lot for answering these questions I really appreciate every answer!!
First off, you need to work on your writing. Latter vs Ladder? "and I love investing and such and">Using "and" 3 times in 6 words, come on man. Don't make the excuse "this is a message board" either, you need to practice writing professionally in every aspect.
I have no idea what pay is in that space, I would venture to say you start off similar to what IBD pay is but over time IBD pay increases exponentially compared to CF.
The Treasury department usually takes care of investing cash (excess or not). Depending on the firm, treasurers are allowed to get creative. I have a buddy who interned at a large treasury department where they had a small prop book. However the P&L was merged with the rest of the treasury's book (one of the bigger ones out there) and so was completely insignificant and had zero impact on compensation. The prop book was mainly a way to not be too bored.
Being an IBD analyst wouldn't help the least bit. You would probably start in treasury ops or as a treasury analyst somewhere. As far as comp goes, it's probably the same as any other corp fin. job, you could make around 150k+ by the time you're 30.
sorry about my grammar; i will be more careful. I guess I just have some more questions.
So treasury is a part of Corp Finance? Is Corp development better than? Do you do investing there? So being an financial analyst is better than treasury ops? and my goal was to be a VP at 30 is that too out of reach? Are there special programs in F500 that help you become upper management fast?
Thanks again for all the help guys
This might help you get a better understanding of what F500 treasury teams do.
//www.wallstreetoasis.com/forums/what-do-corporate-treasury-people-at-f50…
As I mentioned in the link above your best bet would be to go look for treasury jobs at major F500 that have billions in excess cash lying around - Google, Apple, Microsoft, etc. Most of these places have their own in-house trading floors and actively manage their portfolio. Although most of these firms' cash is tied up in short-term high grade fixed income these types of companies have the luxury, given their cash stockpile, to invest in other things like commodities, private equity, VC, equities, etc., etc. If I remember correctly having looked through the 10-k of either Google or Microsoft (don't remember which) they listed their "investment income" for the year at ~ $1 - $1.5 billion.
gopadub - these other threads should help you understand most of the questions you asked in post in your last post:
http://www.wallstreetoasis.com/forums/the-other-road-corporate-developm…
http://www.wallstreetoasis.com/forums/best-way-to-executivejunior-exec-…
Havardgrad08 thank you very much for the help! I actually thought about corporate development from your thread a while ago! And I was into until my uncle told me that it is small and most people get fired.... but again thank you very much!!
Also, I don't think you would've revealed your identity by saying you lived in Columbus instead of the city with Nationwide and Cardinal Health.
ok.... yea i have nothin to hide.. i live in buckeye nation aka Columbus, Ohio
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