Indiana University X420 SCOOP Session Presentation Cindy Brigham-Althoff and Monica Braden September 16, 2003
Presenters’ Background Cindy Brigham-Althoff 2001- Baxter Summer Intern in BioScience NA May 2002- Graduated IU majoring in Finance and Legal Studies May 2002- 1st FDP rotation in Medication Delivery Services February 2003- 2nd rotation in Renal Global Finance October 2003- 3rd rotation in Purchasing and Supplier Management Monica Braden 1997 Interned with Motorola 1998 Graduated from IU majoring in Accounting and Finance 1998-2001 worked full time at Motorola in a rotational program July 2001 began work for Baxter in US region Nutrition Products Group June 2003-Work for Baxter’s Manufacturing Finance Team
Baxter International Company Overview FDP Program Career Opportunities
Baxter Vision To be the global leader in providing critical therapies for people with life-threatening conditions Every day, Baxter products and services help treat thousands of people around the world with cancer, kidney failure, hemophilia, immune deficiencies, infectious diseases and other serious health conditions
Baxter Overview $9 billion global market leader Balanced and complementary global business portfolio leveraging scientific and technological capabilities Medication Delivery Renal BioScience Strategies to accelerate growth: Technological Innovation Global Expansion Aging Population
Financial Development Program "I believe this program is invaluable. FDP Associates are not only exposed to various functional areas, but also to International business issues. Completing a series of nine month assignments over a three-year period provides Associates with a breadth of unique experiences.” Brian Anderson Sr. Vice President Finance & Chief Financial Officer
Financial Development Program Program Structure Four rotations, approximately nine months each Functional skills are developed through technical training and on-the-job training in different finance disciplines Both domestic and international rotational assignments are available. Approximately 25-40% of the rotations are international: EUROPE: Austria, Belgium, England, France, Germany, Ireland, Italy, Spain, Sweden, and Switzerland. LATIN AMERICA: Mexico, Argentina, Brazil, and Puerto Rico ASIA / OTHER: Canada, Japan, and Australia
International Opportunities Current International Rotations / IU Alums Austria (Rob Cox ‘98, Ryan Freking ’98) Belgium (Talha Ashraf ’97, Brian Westphal ’98) Ireland (Anusha Venkatachalam ’01, Henrik Wahlberg ’01, Janelle Mills ’97) France (Damian Peoples ’99) England (Laurence Nibur ’97) Australia (Anusha Venkatachalam ’01, Amber Tharp ‘99) Switzerland (Ben Reed ’01, Marcus Lutteman ’02) Sweden (Henrik Wahlberg ’01)
Financial Development Program Typical Assignments Financial Planning and Analysis Corporate Audit International Finance Corporate Tax Financial Information Systems Manufacturing Finance Financial Reporting
Current FDP’s and Recent Grads Global Drug Delivery Finance Life After the FDP Current FDP’s and Recent Grads Where are they now? Talha Ashraf FDP Grad June 1999 Henrik Wahlberg Current FDP Janelle Mills FDP Grad June 1999 Sr. Finance Mgr BioScience North America Sr. Financial Analyst Global Drug Delivery Finance Finance Associate Baxter Nordic Sweden
Financial Development Program The Ideal Candidate... Accounting or Finance undergraduate major 15 hours of accounting coursework Record of academic excellence Strong interpersonal skills Team player Willing to relocate for rotations
Financial Development Program Recruitment Timeline Pre-Night Presentation IMU Faculty Club 10/7 1st Round Interviews BPO 10/8 2nd Round Interviews 10/9 Start Program Jan 19 - December Graduate June 28 - May Graduate