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Published byMadlyn Preston Modified over 9 years ago
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This is Careers in Corporate Finance Sean Triplett
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11 Years Corp Finance Experience My Background Education Indiana University, BS ‘94 Finance and Business Economics & Public Policy Bellarmine University, MBA ‘99 Work Experience McDonnell Douglas Corporation (1994-1996) – Fiscal Analyst, Fiscal Development Program GE Appliances (1996-2002) – Financial Analyst, After-market Parts Sales – Finance Manager, Six Sigma Quality – Finance Manager, Home Products & Services – Finance Manager, Bloomington Production Operations, LLC GE Healthcare Technologies (2002-Present) – Finance Manager, Global MRI Business – Manager, Americas Financial Planning & Analysis – Manager of Finance, Americas Diagnostic Imaging Equipment
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What Is Corporate Finance? Corporate Finance can be described as all the financial activities required to successfully run a business: accounting, budgeting, financial analysis, cash management, and treasury operations. It is operational in nature, not deal financing or investment banking. Controllership Reporting Analysis Critical Thinking Strategy Leadership & Business Value Adding Value and Leadership to the Business
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Many Rotational Training Programs CompanyRotation StructureWho They Recruit Age of Program AT&T4-6 mos. (undergrads) Undergrads, recently added MBA track 10 yrs. EMC3 1-yr.Undergrads and MBA’s3 yrs. Ford2 or 3 18-24 mos.Mostly undergrads, some MBA’s 1 yr.* General Electric4 6-mos.Undergrads85 yrs. Johnson & Johnson3 8-mos.Undergrads6 yrs. Lucent3 1-yr.Undergrads8 yrs. W.W. Grainger2 or 3 1-yr.Undergrads6 yrs. * Ford revised its training program in 2003. Source: CFO Magazine, “Great Expectations”, Nov 2004.
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Financial Management Program Intensive 2-year entry-level program 4 different rotational assignments Minimum of one geographic move 4 technical courses & Six Sigma training Network Learn & Grow Mentoring & networking – FMP/Manager outings, job shadowing Continuous feedback – Midterm & Final appraisals each rotation Leadership training: Foundations of GE Leadership Exposure to senior leaders – Roundtable discussions, FMP Conferences Corporate Citizenship – Junior Achievement, Habitat for Humanity Affinity Groups - African American Forum, Asian Pacific Forum, Hispanic Forum, Women’s Network Basic Fundamentals The building blocks for a successful career at GE Network
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Emphasis on Total Development …Financial, Leadership, and Personal 2 Year FMP Program 4 Technical Courses Leadership Training Mentoring & Networking Exposure to Senior Leaders 4 Rotations Continuous Feedback The Basics
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Financial Planning & Analysis: Product Line Profitability, Long/Short Term Forecasting, Variance Analysis, Risks & Opportunities Commercial Finance: Pricing, Orders Analysis, New Product Introduction Six Sigma: Root Cause Analysis, Variation, Span Business Development: Due Diligence, DCF Analysis, Deal Structuring Accounting/Auditing: Financial Reporting, Closing the Books, Accounting Standards Operations Analysis: Mfg. Cost Analysis, Sourcing, Supply Chain Management Challenging & meaningful assignments, defined deliverables & diverse experiences Rotations
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What Do the Assignments Look Like? FMP offers a wide variety of rotations and locations Heather GE Healthcare 1st Rotation: Global Tax & Treasury Analyst – Milwaukee, WI 2nd Rotation: Variable Cost Productivity Analyst, Global Sourcing – Milwaukee, WI 3rd Rotation: Financial Analyst, GE Medical Information Technology – Chicago, IL 4th Rotation: Metric Leader, Equipment Pricing – Milwaukee, WI Kevin GE Consumer Finance 1st Rotation: FP&A Analyst, Vendor Financial Services -- Danbury, CT 2nd Rotation: Pricing Analyst, Vendor Financial Analyst – Danbury, CT 3rd Rotation: Marketing Finance Analyst, Commercial Real Estate -- Stamford, CT 4th Rotation: FP&A Analyst, European Equipment Finance – London, England Off-program Assignment: Corporate Audit Staff Associate Off-program assignment: Financial Analyst, Business Development
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4 Intensive Graded Courses … Taught by GE Finance Professionals Financial & Management Accounting Business Planning Financial Statement Analysis Process Improvement Cost Management International Operations and Related Risks Financial Services Risk Assessment and Mitigation Controllership Audit Processes > Strategy: Case study based, Classroom sessions Operational Strategy Competitive Analysis Customer Economics > Foundations: Online, Interactive self-study & Classroom sessions > Operations: Online, Interactive self-study & Classroom sessions > Controls: Online, Web based self-study, Classroom sessions Curriculum & Skill Development
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Where the Career Path Leads Average Years with GE18 FMP Graduates70% Corporate Audit Staff (CAS) Experience65% Average Number of GE Businesses4 Global Experience60% Cross-Functional Experience35% External Experience30% 20 largest business CFO’s FMP & Corporate Audit Staff are Global & Multi-Business Experiences that are Highly Valued And 50% of these Businesses CEO’s came through FMP/CAS!
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Where the Career Path Leads Source: CFO Magazine, “Great Expectations”, Nov 2004.
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The Changing Face of Business Leaders Professional Background of CEO’s... Yesterday Today Finance Has Become a Preferred Path to the Top
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