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, 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
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
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
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
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
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
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'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
Dear All. I am a rising Senior at a top 20 private university here at the states with a business major. For my junior internship, I'll be interning at F700 IT company's corporate finance team. However for full time, I want to work at banks, most preferably in the Corporate Banking side or in the corporate finance team. Is this route possible?
19 May 2020
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 am a sophomore at a top 5 business school and I am deciding between two internship offers. I can't choose between them so it would be greatly appreciated if as many of you could give me advice. I am interested in consulting/finance and would like to work at the top of a fortune 500's Finance department in the long term. Internship 1 (4-7 weeks): Big 4 Diversity Program for rising juniors focused on training minority students for careers in accounting/advisory, mostly accounting focused. This internship is mostly training and does not involve much hands-on work. I've heard it's basically just
22 Oct 2020
Hi, I am applying to the dbAchieve program for this summer. I would like to apply to the Asset Management Internship, however, the CF application makes more sense to me. The CF application has a space for you to type the essay (with a prompt), as well as an upload for resume, essay, and cover letter at the end. The AM position, however, has a blank space for you to type (no prompt) and just has a resume and cover letter spot at the end. Is the cover letter for AM the same as the essay for CF and CF simply has a redundant cover letter spot? Why is there no prompt on AM? I prefer AM over CF but
17 Oct 2020
I am in my first year at a highly regarded corp finance program at a f50 company. Was wondering if anybody could shed light on the transition process between corp fin to mgmt consulting at mbb or big 4. How difficult is it, and what can I do to increase my chances? Advice I've read from other posts was to apply to top MBA programs and pivot to consulting post MBA, but I was curious about making the switch before. Not sure if this matters to consulting recruiters post graduation but I went to a target school and have a great gpa.
08 Sep 2020
Hey all, I'm currently a junior at a target school. Unfortunately, I still don't have any internships lined up for the summer. Was hoping for IB and consulting but I'm not having any luck. As a result, I'm considering other careers in finance such as AM, PWM, and Corporate Finance. However, I was told it's a waste to attend an Ivy only to end up in Corporate Finance since it's less competitive and I was told it's where school name matter less. What are your thoughts on this, monkeys?
06 Jan 2020
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
I'm graduating with my MS Finance in a few months and am looking for work in a corporate finance role (ideally FP&A or Treasury). I have been determined to get a job at a F500 due to higher advancement potential, and the possibility of relocating to numerous other locales. However, are there advantages to working at smaller/private companies? How does pay and training compare to what is typically offered at larger corporations? Other benefits/differences?
19 Feb 2019
Not sure where to even start when interpreting and projecting accruals and deferrals. Like what do they even mean (specifically on the CF statement), since a lot of these numbers dont actually represent cash inflows/outflows but are just 'canceling out' what is recorded in net income
27 Jun 2020
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
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
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
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
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
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
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
Hi all, as a quick background and introduction: I am 32 years old and work in an Operations/Commercial Finance capacity within the Pharma industry. I have been in this position for going on three years and have been promoted once over that time frame with strong reviews each year. My company in particular advocates lateral movement, which in my case could include a transition into another finance function or into the business (marketing, etc.) itself. This leaves me with three options: 1. Remain where I am and continue to hopefully work my way up a bit more (potentially limited growth) 2
26 Nov 2018
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
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 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'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
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
This was something I've been wondering about for a while and I don't think I've seen a related topic on this yet. Does anyone have experience with working for an outsourced CFO services firm? I see them used often for early stage companies and it seems pretty interesting. Sometimes they even end up just onboarding and becoming CFO of the company they're working with. I've even seen virtual CFO services so some of them let you work remotely! If anyone has context on breaking in this field, what the work is actually like, and exit ops I'd greatly appreciate.
12 Jul 2018
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
I am an incoming freshman at a target school who wants to learn more about IB, PE, ST, HF, VC, Corporate finance etc. I was wondering what books I could read, videos/films I could watch, or podcasts that I could listen to in my free time instead of jacking off and taking a nap. I understand that WSO has created a list of books that they recommend, but I want to make sure that I get a book that is not going to make me look up a word after every sentence. As far as video/films go, I'd take any recommendations except for the ones that I have to go to sites like Shush.se because I don't want to
23 Jun 2018
There's never been a national directory of all corporate finance firms and boutique investment banks in the UK. So if you wanted to target firms individually, there wasn't a list you could work from (to the best of my knowledge). But now there's a national directory of both business brokers and corporate finance firms / boutique investment banks. Not sure if it's useful to any of you but when I saw it I figured I should post it here.
13 Feb 2020
I was wondering if anyone knew what jobs outside IB looked like in Canada. Toronto overall has less of a finance scene than NY so I had a few questions. 1- What finance related job do most people go into besides banking in Canada? 2- What's PE, HF, PWM, Financial Analysis, Corporate Finance, Corporate Development and Asset Management like in Toronto? 3- Is consulting as developed as IB in Canada? Is it mostly at the Big 4 or is there a lot of MBB presence? 4- Accounting in Canada has extremely low salaries compared to the U.S, is it the same for PWM, Corp Finance, and other non-IB finance jobs
04 Feb 2018
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
Currently a junior regulator at a global Stock Exchange. Strong academics (Russel Group LLB) although no professional qualifications. However, I am pursuing the internal CFA program, given the supervisory nature of my role. Majority of my work is fairly simple and broad. This includes everything relevant to running an MTF; supervision of trading (via terminal), IPO DD, advising financiers on transactions, macro and thematic work and supervision of the CF firms itself. As the only junior, I have been promoted fairly quickly and accordingly expect my salary to stagnate for a while (to put it
02 Jan 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
We intend advertising some corporate finance related positions early next year and I hope to be interviewing candidates in Feb or March. While we have all the usual interview questions on the table I am hoping here to get your (candidates') view on questions you would like us ask you. Perhaps questions that you were not asked at other interviews but which would have helped you better project yourself to the interviewer. Many thanks in advance.
20 Dec 2017
Just curious as to the typical salary range for each "level" in an organization within the FP&A function. At what point, bonus included or not, should you be approaching $100K annually? What, in your opinion, is fair market value? Thanks!
05 Jul 2016
For all of you monkeys working in whats deemed strategic finance (outside of Corporate Development as we've had plenty of discussion on that already), would really love to know more about your background and some of the projects that you work on. The bulk of my career has been spent on the corporate banking side, providing bank capital to small businesses, middle market companies, and mega cap corporations across a variety of industries. My job specifically entails analyzing our clients from a financial/credit/cash flow perspective to determine credit worthiness in addition to structuring and
26 Dec 2016
I'm finishing up my first year as an audit senior and going through the 'should I stay (until manager) or should I go' dilemma. I know I don't want to do internal audit or financial reporting and I think my target future job would be VP, Finance or Finance Director, or would love some M&A exposure, rather than the typical accounting/controller route. If I stayed until manager, I believe that will give me an edge to get into the c-suite later on rather than if I leave just after 2.5 years in big 4. On the other hand, if I tried to leave as a finance or FP&A manager, the job descriptions look
29 May 2015
Im currently working in the "Lev Fin" group at a MM .commercial bank (think US Bank, Capital One, Citizens Bank). To avoid any confusion, we don't have an IB division so our version of Lev Fin refers to the specific lending team that specialize in financing deals backed by PE firms (LBOs, Dividend recaps, growth financings etc.) It's typically higher risk than vanilla commercial lending and its all centered around M&A, so the underwriting process can be pretty interesting. However it feels like banks are being pushed out of the space by regulation and I'm having second thoughts about staying
09 Mar 2017
In order to make myself as indispensable as possible within the organization and more attractive for when i'm ready to make a move? we obviously have our busier times where there is absolutely no free time, but we also have instances where there is a lot of opportunity to improve processes or build skills. so, any advice?
02 Oct 2016
I happen to have a financial modeling analytics exam in 2 weeks for Facebook's financial analyst position. Has anyone taken this and / or has any insight? It says it does have a correct answer, but its more about the formatting than anything else.
25 Nov 2016
Hello Monkeys, this is my first time posting on this forum, however, I have been lurking for quite some time! I am almost 3 years out of college and have been working in a Treasury group for a Fortune 500 Healthcare company - I have, up until recently, been working in the Capital Markets/Foreign Exchange back office team. As with many Healthcare firms, there is a lot of M&A activity and my present role is very much involved in a multi-billion dollar deal. I have had the chance to participate in many of the activities required on the back-end to prepare the company for the transaction. In
09 Apr 2015