Presentation on theme: "This is Careers in Corporate Finance Sean Triplett."— Presentation transcript:
This is Careers in Corporate Finance Sean Triplett
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 ( ) – Fiscal Analyst, Fiscal Development Program GE Appliances ( ) – 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
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
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 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 Source: CFO Magazine, “Great Expectations”, Nov 2004.
Financial Management Program Intensive 2 year entry-level program including 4 different rotational assignments Hands-on experience may include: financial planning, accounting, operations analysis, auditing, forecasting, treasury/cash management, commercial finance and Six Sigma quality Combines coursework, job assignments and interactive seminars to equip you with exceptional technical, financial and business skills Led by senior GE professionals and mentors Develops world-class financial leaders for exciting positions
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
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
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
ArchanaGraduated from FMP GE Healthcare > GE Medical Systems – IT, GPC Finance Leader (13 Months) > GE Medical Systems – IT, Finance Integration Manager (10 months) > Current Position: e-Finance Black Belt, Quality, GE Medical Systems > GE Audit Staff > Associate I (1 year) > Associate II (1 year) > Audit Manager (1 year) > Senior Audit Manager > Executive Audit Manager > Current Position: Commercial Finance Manager, GE Consumer Products MikeGraduated from FMP Plastics Professional Development Continues Throughout Your Career Sample Career Paths
Build Skills We Want You to Build Skills, Not Merely Accomplish Tasks Financial Skills Critical Thinking Skills > Working Knowledge of Financial Accounting, Management Accounting and Business Measurements > Analysis of Drivers, Relationships and Results, Clearly and Concisely Communicated > Ability to Quantify Benefits, Risks, & Outcomes > Analyze Situations and Strategies Against Logical Criteria, Evaluate Potential Outcomes > Move from Factual Results to Root Causes, Combine Knowledge, Experience and Judgement with Data > Evaluate Information, Anticipate Consequences and Develop Recommendations Skill Development
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: On-line meetings, Web based self-study, Classroom sessions Curriculum
Where the Career Path Leads Average Years with GE18 FMP Graduates70% Corporate Audit Staff 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!
Where the Career Path Leads Source: CFO Magazine, “Great Expectations”, Nov 2004.
The Changing Face of Business Leaders Professional Background of CEO’s... Yesterday Today Finance Has Become a Preferred Path to the Top