~15 year career as an investment banking analyst/associate in ECM (SPACs) and leveraged finance/restructuring, hedge fund analyst/portfolio manager and currently as a corporate finance executive for a fast-growing start-up (led $70mm equity raise process). Have interviewed and spearheaded recruiting for investment banking, hedge fund and start-ups. If you're trying to break into investment banking, can give you mock interviews. Love mentoring young professionals and learning from others. Am decent with excel modeling, but am aware why model assumptions are way more important than the actual
07 Jul 2021
Hi everyone, I am currently going through an important life decision right now.. Having spent about 2.5 years in PwC audit, I am currently able to secure two offers, one from PwC CF team and one from Regional boutique IB. My goal is try to get into PE/VC and I am currently in NZ but quite keen to expand to AU in the future. The regional IB has these considerations: (1) IB analyst sounds better ... (2) have a variety of exposure to M&A, debt advisory (probably a bit more emphasis on debt advisory: probably 1/3 in M&A and the rest for debt advisory); (3) straight off the bat lots of involvement
03 Sep 2021
Just locked down an offer to join a startup as a Senior Finance Manager and figured I'd have this Q&A before I start my new gig later this month. Going to keep this post short and sweet and open up the floor to questions - happy to provide more color about my prior job, decision to move to an operating role, interview process, etc. Quick background / context below: Left after 2.5 years in PE at a large family office Did a mix of LP investing / co-invest / secondaries / occasional direct deals Was an early promote to senior associate Previously spent just over 3 years in IB at a MM (left as an
11 Mar 2021
Hi, I am currently a junior at a non-target in upstate New York who is looking to connect over zoom, a cell call, or any means. I am really interested in Microsoft's rotational program and I would love to speak with someone who works either in the program or in any department in Microsoft. I would love to get to know more about the company culture and work-life balance. Some stats about me, I have a 3.8 cumulative GPA and a 4.0 in my finance major. I have served in multiple different roles in extracurriculars at my college during these past 3 years. I have held an internship with a boutique
01 Jun 2021
Hi, so I know this isn't really the place for people with no experience in the industry and I'm sure this question has been asked thousands of times so I'll keep it short. Basically I'm 18 at the moment and I have 2 offers from target unis in UK and an offer for PWC flying start program (basically a degree from a decent uni with integrated work placements and a grad offer at the end). Though the uni isn't top 6, I'm tempted to go for it purely because I'd like to work alongside study and apply what I learn somewhat. However, my end goal is corporate finance/M&A. I know PWC have a corporate
13 Apr 2021
Hi all,Any advice please. Sorry if it appears duplicated, I couldn't seem to edit the content but just write new one.I am wondering which of the below 2 FP&A Analyst opportunities (in Australia) would better prepare me for a future executive role. A national retailer with revenue $570m, PE backed. The FP&A team has 4 including the manager. The role seems to also include sales forecast though I don't know to what extent. They use Power BI and plan to expand to SQL and Alteryx. I was told there would be opportunities to assist Ops in their projects down the track. Mature medical device
30 May 2021
Just out of curiosity, how usual/typical is it for someone who didn't do an IB summer analyst gig to break into IB for full-time? I'm currently a rising senior at a target public university (Berkeley/Michigan/UVA) who's interested in recruiting full-time for IB. It seems like a lot of the people here who are planning to re-recruit for full-time already have SA gigs under their belt. I'm just doing a corporate finance internship right now at a decent Fortune 50 telecom/tech company (so definitely not IB) but wondering if IB is something I can pull off. If there's anyone on here who's
16 Jul 2021
Hi everyone, I have been with an F10 company for about a year now as an "analyst". The problem lies in the fact that the accounting component of this role was vastly understated during interviewing. I am trying to get out of CF and go into consulting or even another CF role that has more opportunities to break into CS/BD. I feel as my wheels are turning here and would hope some of you with some pertinent insight could PM me or reply. Thanks you all !
02 Sep 2020
I've been an ER associate for about 2.5 years at a regional bank outside of NY and want to get out of the industry into something a bit more stable and with a decent work/life balance, as both are lacking in my current role. After doing a bit of research on corp. fin I'd like to get into either an FP&A role or a treasury role if possible. Has anyone done this before or know what types of roles I should be shooting for? Seems like most FP&A analysts get hired right out of school so should I be aiming for something higher up or aim to start as an analyst? I'm thinking networking is my best bet
21 Aug 2020
I've been sitting on this post for a while. I was waiting for it to turn into a success story; started-from-the-bottom-now-we're-here kind of story. But it's been so long I'm going to post it anyway. ###My Background: Finance degree from non-target, super involved on campus, extracurriculars, case comps etc. Worked my ass off to somehow maintain a 3.9 GPA. Managed to land a couple solid internships. I'm also well on my way through the CFA program. ###My Story: I've been on the job hunt for quite a while now. My school has no alumni in finance. My approach has been to apply to jobs
19 Jan 2020
Hey all - I wanted to write this post as I'm struggling to find current forums with advice on how to switch into CRE and what the most realistic entry point is from someone with a Finance background but no real specific RE experience. I followed the advice of multiple posts within WSO completed the REFM levels 1,2, & 3 certificate and the Argus certification to hopefully fill the gap on my resume for not having any RE experience. From the perspective of those of you in the RE industry, what are possible paths open to me and what will require are MBA or MSRED transition into. I kept this
01 Aug 2021
I had an interview with a small advisory firm for corporate finance dep. The question was: Company A acquires Company B with discount to its net assets. How does the acquisition impact consolidated BS and EPS. What changes if it was acquired with premium? Can someone help me answer this? I understand that if company B purchased with premium then the goodwill should be recorded on asset side of BS. In case of a discount, I guess we could add some extra amortization. Not sure how both cases impact EPS.
10 Jun 2021
The Calgary threads on this forum (few and far between as they may be) are a bit scattered with a lot of the info a few years stale. I figured I would take advantage of some of my downtime after Stampede to try to start a thread with some fresh info. Some items for my personal interest: (non-exhaustive) 1.) how does compensation compare with other cities in Canada and North America? 2.) how does culture / quality of life / WLB / lifestyle compare with other cities in Canada and North America? 3.) how do exit opps and career development (for the career bankers among us) compare to other cities
19 Jul 2021
Hi everyone, I'm currently a soon to be senior at a non-target liberal arts who's majoring in finance and economics. I was able to get into a fortune 500 rotational program internship for this summer and I'm really excited about it, but I was curious to see how people ranked each company's rotational programs. For instance, what do people think about GE's, J&J's, Amazon's, Microsoft's, or any other ones? Is there a definitive best one that I should aim to get into post-graduation? Thanks!
27 May 2021
Mod note: Click here to see all of our q&a's and interviews Given the multiple requests I got in another thread I've decided to follow in 10xleverage's footsteps. To give you some background, I graduated from Harvard undergrad in 2008. After graduation I moved to the bay area to join the 2 year finance leadership analyst program at a F500 tech company. The program place analysts in 6 month assignments in various finance and strategy groups across the company. You can be assigned to typical FP&A (financial planning & analysis) groups, corporate development (M&A), corporate or divisional
21 Aug 2013
What are some roles with a combination of: Lifestyle (9-5) Decent pay ($125K in high COL region) Relatively low stress (limited fire drills, limited risk or potential for major mistakes) Demand (not super niche, potential to work in a relatively wide range of industries and companies) For those of us with the work to live attitude, what's up?
17 Sep 2017
Hi guys, I'll keep it simple... what tricks will private equity managers use to make returns look bigger, improve balance sheet, legally decrease taxes, make money out of thin air, etc... Please share secret sauce ingredients. Comments appreciated & looking forward to a constructive debate.
17 Jun 2019
what types of roles are good/what should you shoot for if you are being honest with yourself and really only care for a middle-class lifestyle and value time >> money?
04 Jun 2017
Looking to switch lanes in my career and corporate finance (specifically to UK/London) is something I was not that aware of when going thru undergrad and looks quite interesting. But it appears to be quite different to what is considered corp fin in the US? From what I have seen, Corp Fin job descriptions in UK is a mix of ECM / DCM / M&A / ER all in one. Would be keen to hear from people who are currently working (or have worked) in this sector / role. Keen to hear if this broad range of responsibilities is a good or bad thing (variety at the expense of less specialization)? Do you end up
08 May 2021
Out of curiosity, wanted to see if anyone else has noticed any general trends in the work/life balance of corporate finance. I'm in CFin at the moment and am interviewing around, and have had one or two companies (F250) tell me many finance employees average 55-65 hours a week, which is higher than what nearly all of my connections in CFin work, as well as myself. These firms preach a strong "meritocracy" culture and claim everyone "grinds" like they're wannabe high finance, even in seemingly basic finance roles. For example, an F100 firm that is trying to get me into a basic financial
06 Apr 2018
Given all the discussion and mixed information on corporate finance jobs, I thought I would start a discussion which lists out a variety of positions which could be considered CF, as well as some information of what the job really is. I'm always frustrated by corporations overusing the word finance (hell in many corporations all finance and accounting positions are classified as "the finance" division. Reading a job description I can always read through the BS for words like monthly close, journal entry, reconciliation ect..which always means accounting, regardless of job title. My favorite
29 Sep 2014
How has everyone's work from home hours been since COVID began? I work in Corporate Finance for F500 so by no means was I working banking hours before but now I feel like I'm putting in 70-80 hours a week and am almost never completely unplugged. Just curious if others are seeing this too?
20 May 2020
Good morning all, I've spent a lot of time on this site, and asked quite a few questions myself, so I figured I'd do my part to give back by answering any questions you might have about corporate finance or fldps in general. A little about myself: 2nd yr FLDP (1.5 yrs in) at a F500 in Chicago. I'm currently at the end of my 2nd of 3 rotations.
21 Nov 2013
Hello Everyone, I searched through the forum and could not find much structured info about treasury. So wish to compile scattered info about treasury. Anything from what is treasury? entry barriers, how to be a treasurer, salaries, best organizations to work with, exit options, relevant certifications / courses and so on, Challenges as a treasurer .. My two cents from what I know, Basics: Treasury / corporate Treasury is a dept of bank or any company which does some/ all of following functions (list varies from company to company) - Cash Management - Working Capital Management - Raising finances, investing funds in multiple currencies and in multiple financial instruments - Risk Management - Forecasting - Reporting
11 Oct 2014
Hey guys, I have two offers for PwC for my junior year internship, one in financial due diligence and the other is pwc corporate finance (which is more IB like). My goal is to transition into IB and then hedge funds. What would you take? Both my offers expire in 3 weeks
07 Aug 2020
I work in Big 4 audit and applied for a role in my firm's Corporate Finance group through the internal careers website. I spoke with an analyst and an associate in the group, and one of them put me in touch with a VP. I have a virtual coffee chat with the VP soon and am not sure how to approach the conversation given I've already applied for a job there (have not heard from the recruiters yet). How/When in the conversation should I tell them I've applied, how should I word the purpose of the call ("to learn more", "to discuss a transfer" etc), what questions should I (not) ask them (especially
20 Jun 2021
Next summer I'll start my 3rd and final FLDP rotation at an A&D company. Here is the rub: I'm becoming more and more disenchanted with this company and industry. There are many reasons, but the main one is that there is no culture of promoting young talent. Almost all managers are mid thirties or older- hitting manager after only 5-7 years simply doesn't happen. This isn't the place for a rapid career climb. That said, I'm trying to identify a 3rd rotation that will give me solid yet transferrable experience. My first two rotations were in program finance and FP&A. My ultimate goal is to be a
23 Jan 2018
I got an offer for the Global Finance & Business Management Summer Analyst Program at JP Morgan. Has anyone else gotten an offer, and can anyone who's completed this program offer any insight? I'm planning to accept it but I would appreciate an unfiltered and honest review of their experience. Thanks!
23 Sep 2020
I've come to the conclusion NYC is not for me. More power to all of you whose dream is working on the street, it's just not for me. Cost of living is too high. Hours are too long. Taxes are too high. Where in the country is the best balance between high salary and low cost of living in finance? I'm saying potential to make $300k-$500k+, work hard but not insanity. Weekends free, good 50-60 hours a week max monday - friday. I'd much rather find that then make $1 million+ and give away half of it to Uncle Sam and Cuomo/ Blasio. Areas of interest of mine include corporate finance, private wealth
09 Aug 2014
Some context: I started my career out of undergrad at a well known tech company in a Corporate FP&A role 2 years ago. I really enjoyed the nature of this work and my team/company culture, but the work was super high-level and after 2 years in this role I knew I wanted/needed experience with bottoms up financial forecasting, budgeting, and financial management especially in a cross-functional capacity. An exciting opportunity came up to join a top CPG firm supporting Brand and Product Marketing Finance that I took. Not only did it offer a higher salary/bonus (+35% bump) and more seniority, but
01 Jul 2020
I'm an incoming freshman at a school whose business school is a target. I myself am not currently in business school, but I will try to internally transfer. Business/finance is a recently realized interest of mine. That being said, I have been quite fortunate as I some unique opportunities to pursue. I currently work in retail at the employee/company store at the number one sports apparel brand in the world. The store is right by the world headquarters. After doing some LinkedIn stalking, I found that a strategic finance manager, a business development manager, and a director of finance went
23 Jul 2018
Hi, I need advice on what to do once I graduate. I have a bachelor degree in Economics, I have 2 internships under my belt, one in corporate finance sort of investment appraisal etc for a logistics firm, and one in financial accounting for a small consulting firm. These were done during my Bachelor, and once I graduated I worked middle office at BNYM and then BNP Paribas for one year... Now I'm currently doing an MSc Finance and Management at a pretty good school and I want to know what I should do once I graduate.
18 Jan 2012
Hi WSO, In case anyone is interested in learning more about the Corporate Treasury function of large banks (i.e. nature of work, recruitment process, exit opps, comp etc.), I'm here to take some questions.
23 Nov 2011
Hey all, I feel as though there's the chance I'm underpaid in comparison to my peers. Thus, I would appreciate WSO's feedback on the matter. To summarize at a high level: High(est) COL Region 7 years total experience 5 years total "finance" experience: 3 years BB middle office ops (past), 2 years FP&A (current) Base Salary: $83K Bonus Target: 10-12% Title: Analyst (this might be the driving issue, my company has a very weird hierarchy where they rarely if ever higher direct from undergrads so there are people in their late 20's with prestigious MBA's at Analyst and Senior Analyst level)
25 Sep 2017
Hi. This is a rising senior who at a top 25 college with a 3.3 GPA (yea very low..) I'll be interning at FP&A team for an IT company. Although I'll be doing FP&A, I have very big aspirations of doing more finane related tasks in financial institutions such as corporate bankings or Big 4 advisory. What are some options that I can go from this FP&A experience to Full Time job opportunities?
23 May 2020
WSO, So I recently put in my resignation letter and giving my 2 weeks notice. The boss, at the time, seemed upset but not overly dramatic about it. Then, yesterday I exchanged emails giving my official date and for whatever reason, he was not pleased. Thereafter, he started attacking me personally, telling me I was a wasted investment by the company along with other rants. My question is, How should I go about this? Should I even give a rat's a$$? All suggestions welcome.
21 Dec 2011
Hello guys, new member to WSO here! I am a UK undergrad. student due to start university at a so-called "target school" in September, studying Electrical Engineering and management/finance. I am only 18 and have no experience in IB/accounting though have some decent work experience/exposure in engineering. My academics are decent, nothing amazing, but I feel like they are good enough, since they got me into a very good university for a competitive course. I was just wondering, how some of you guys in CF/Strategy consulting at IB's and Big 4 got there, and if there's anything that wish you
11 Jun 2016
I recently received a full-time offer for Corporate Finance Development Program within a major bank in US and I was wondering what are some potential exit opportunities for those who are doing Corporate Finance in financial services (banks etc). Is it possible to do a lateral to IB or go into PE down the road? (Will I be able to build relevant, transferable skills within corporate finance and be an attractive candidate etc?) I will be coming from a top tier university.
13 Oct 2018
Hi everyone, I am currently in a three year FLDP rotational program with a FT500 company. I will not mention the name of the company for obvious reasons. I am in my first year rotation right now. So far, it is just like what everyone said. The benefits of this program are great, and you're constantly under the radar of senior executives. HOWEVER-------
12 Apr 2014
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
19 Nov 2018
Does anyone know what the typical career path for commercial banking is along with compensation at each level, as well as if I'd need to get an MBA or CFA at some point? If not, could someone tell me about a forum that's more dedicated to "other" finance careers besides i-banking, consulting, etc.? This is a really good site, but it doesn't have too much info on the less prestigious careers like corporate finance, commercial banking and all that, so yeah. If anyone can help me out, that would be great. commercial bank careers In commercial banking you will usually start out as a credit analyst
08 Jul 2009
I'm new to WSO and have enjoyed reading through all the forums. They've been a big help for me in defining my career goals. I am currently in the process of applying to Top 15 business schools. Career wise I am very interested in working in corporate finance at a biotech/big pharma company Post-MBA, more specifically, being hired into a finance LDP where I can work in various roles within the company and get the necessary exposure and experience to transition into a corporate develoment/strategy role at the company long term. Is this a realistic short term to long term goal? I've read that CD is more suited for a former IB or MBB but is it different for MBAs who have moved up within the company? Any advice is much appreciated.
04 Sep 2014
Mod Note (Andy): Interview/Q&ATuesday! To see our full list of interviews/Q&A's, check out this page I've been a member of this site for a couple years now and have gotten some great information, so I'm hoping to give back based on my experience. I see many discussions around FLDP programs and finance career paths at F500's, and since controller is a step on the most common track to senior finance positions at the companies I've worked for (FLDP > SFA > Finance Manager > Plant Controller > Division Controller > Finance Director > VP > SVP > CFO), I thought I could be of some help to anyone
05 Dec 2013
Hello fellow monkeys, A story for you all. I work for a satellite HQ office (instead of the global HQ) for a multinational F500. I recently interviewed for a position that I was really interested and eager in getting. So the timeline was like this, Interview Monday Send thank you note afterwards Hiring manager responds. Send followup on Friday (after being told I'd hear back within the week). Send followup on Monday Manager sends a message along the lines saying that such frequent follow up will typically hurt my chances, and to not take being internal for granted. I respond hoping to remedy the situation, but at the time I didn't feel I had any major reason to apologize.
29 Jan 2015
Hi guys, I go to a school that is ranked 45-40. I have had two real estate internships and I want to break into banking. I went from a 2.87 gpa for my first 2 years to 3.27 gpa that I round to a 3.3 on my resume. I am not qualified enough for an analyst position realistically, even though I am very knowledgeable about financial markets, corporate finance, and financial products. I'm trying to find a job that I could have at a bank for 1-1.5 years and work on my cfa to pivot to an analyst role in NY. Also, I have a strong personal connection with a pretty high up employee at a particular bank
25 Mar 2018
Hey guys, Lately I have been hearing mad trash talk about corporate finance. A few people even said "it was the sh*t of the shi*t of finance". I mean what is exactly bad about it? The pay is good (with potential to climb the ladder being even better), the hours are pretty ideal, and the workload is pretty straightforward, and better yet there are plenty of fnancial analyst positions available for many companies. What is exactly wrong with corporate finance since eveyone seems to hate it so much?
09 Feb 2013
I'm interested in doing an MBA and then working at a consulting firm for a couple years. After that I want to switch to Corp finance, corp dev, or corp strat. How much do people make in these corporate jobs? When should I expect to break $200k? Where do most max out at? Corporate Finance Salary Post MBA Pay at senior the senior levels of corporate finance varies. It depends on both the structure and size of the firm. Therefore it's hard to make statements that apply across the board. However, we'll highlight some figures that have posted by some of our certified corporate finance users. These
20 May 2014
I graduated from a non-target with a strong GPA and have been working for a private dairy manufacturer for the past two years as a financial analyst. The company is a great company for people who are looking to settle down and retire, but is not that innovative and is not that well known by the "general Public", b schools, etc. Right now I have two offers on the table: 1. One from General Mills FLDP (Finance Leadership Development Program) to be an experienced financial analyst 2. A Management Consultant implementing Cloud ERP Systems (in particular Netsuite) for Baker Tilly (small mid tier consulting firm)
12 Mar 2012
I've got two job offers in hand. 1. Mid-sized pharma firm (growth history), product development (division) FP&A team. 2. Fortune 50 tech (mature), Corporate FP&A. I have 1 year of accounting/finance experience. Offer is low 60s+bonus for both. My big question: What are some of the major differences between corporate and division FP&A? Where does corporate FP&A add value? I'm a little worried that the corporate FP&A position will be too general (consolidation, review, high-level analysis), not allowing me to sharpen my analytical skills; is that often the case? Is corporate FP&A often involved in strategy, modeling, and decision support? Goal: Like most people, get in the position that is most likely to bring me to the corner office.
10 Oct 2012