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 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 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
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
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
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
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
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
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
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
mod note: this very informative q&a was originally posted on 2/12/12 UPDATE 2/22/12: Over 20 questions and 50 responses added so far, keep 'em coming! I also took the bold away from the questions by popular request
31 Dec 2012
Can someone provide insights on Wedbush Securities (LA)? Specifically their ER dept? What % of summer interns get full-time offers at Wedbush? And what do the exit opportunities look like? Can you transfer into IB later? Can you get into ER at some other top firm (JP, Goldman, etc)? How does the compensation compare to consulting firms?
13 Apr 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
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
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
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
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
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
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
Hi Everyone, This is the final year of my Master's degree. I would like to start thesis preparation ASAP in the field of Corporate Finance. Can you help me with some suggestions about the latest topics that can be worth researching? Thank you in advance for your time!
25 Jan 2021
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
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
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
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
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 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
Very interested to know what the exit opps look like for someone who did 1-2 years of post-MBA finance at a major tech firm (Amazon/Apple/Microsoft/Google/Facebook). Will he be stuck in corporate finance or can he transition into hedge funds, private equity, etc.?
19 Jun 2017
Hello, I'm 17 atm and I have offers from Warwick and Durham for accounting and finance. Like most people, I would like to apply for investment banking grad schemes at firms of all sizes, or big 4 corporate finance. I live in the North so Durham works great for me logistically. However, I'm aware Warwick is targeted way more than Durham, despite Durham being strong. My question is, is the benefit from having the reputation of Warwick on your CV so much greater than having Durham that I should go to live in Warwick?
26 Jan 2021
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
Let's say a company sells bonds at a discount because the interest rate the bonds pay is lower than other companies, so the discount is a way to incentivize investors. Why not just raise the interest rate?
16 Sep 2020
I am an MSc in Finance student at a target European university. My question is which one would be better for my CV, and for my chances into getting into a bulge bracket IB next summer. An unknown small cap PE in Italy, or an internship in a known IB such as Societe Generale/Citi/UniCredit, but in my home country of Bulgaria?
27 Apr 2017
Anyone have experience in one or both that can chime in? Currently in FP&A now and it feels like a churn and a grind relatively often. Thinking treasury might be a more enjoyable next step with a still fairly decent career path. Thoughts?
14 Nov 2017
Let me first begin by saying that for most of my time in college, getting into a FLDP at a F500 firm has been my goal. I am very intrigued by the exciting, fast-paced life and lucrative pay of the IB world, but the 80-100hr work weeks and the fact that the company doesn't "make something" simply doesn't interest me. That said, I decided early on that I want to make it to the C-Suite of a F500 company, and a FLDP is probably the best place to start. My background: I'm finishing up my senior year of college, majoring in Finance and Economics. To call my school a non-target would be an
14 Nov 2015
Hi everyone, I recently was just informed that I've made it to the second round (in-person) interviews for the Accenture Corporate Development and Transaction Services Analyst position at Accenture. To that end, I have 2 questions: 1) I was told that the interview does have some excel and modeling involved as well as a case. Does anyone have any idea on how I should prepare? Here's the job description for a reference: https://tas-accenture.taleo.net/careersection/10003/jobdetail.ftl 2) I'm currently in Big 4 Audit, looking to move to IB (or something similar, hence this interview), as well as
23 Apr 2015
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've been hearing of these M&A groups (not transaction services, but DCF as in post McColl Partners acquisition) at consulting places like Deloitte. Generally it seems like people agree comp is lower but hours are better. Just wondering exactly what the comp is like in 2017 and how good are the hours exactly?
04 Dec 2017
My background: I started my career in a well known tech company in a Central FP&A team supporting the group's CFO by helping him prep for Board meetings, quarterly earnings calls, strategy sessions, etc. A lot of fancy decks/presentations and high-level financial analysis. My favorite aspect of that role was the executive level communication and being able to tell the story of the business in the context of financial performance. After a couple years I realized I needed more in-depth experience with bottoms-up financial forecasting, financial management, and budget ownership, so I took an
30 Jun 2020
Does anyone have any thoughts on Deloitte's Corporate Finance MM IB team? Apparently, they have been doing fairly well after they acquired McColl Partners but does anyone have any anecdotes, insights, or experiences with the team?
04 Oct 2020
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 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
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
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
I will be working at a F50 company as a finance analyst intern over the summer and I was wondering what all the pros and cons of wiring in corporate finance were. So far I have: Pros: - Work/Life balance is amazing Cons: - Nature of work can be unsexy Any input is greatly suggested
02 Dec 2013
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
How to set myself up for a career in corporate finance (preferably FP&A) as a rising junior? Seeking Career Abroad (Native of India). Suggest Some Career Paths as m Just a Student with BBA degree!
06 Jun 2017
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
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