This is
Careers in Corporate
Finance
Sean Triplett
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
11 Years Corp
Finance Experience
What Is Corporate Finance?
Strategy
Critical Thinking
Analysis
Reporting
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
Adding Value and Leadership to the Business
Many Rotational Training Programs
Age of
Program
Company
Rotation Structure
Who They Recruit
AT&T
4-6 mos.
(undergrads)
Undergrads, recently
added MBA track
10 yrs.
EMC
3 1-yr.
Undergrads and MBA’s
3 yrs.
Ford
2 or 3 18-24 mos.
Mostly undergrads,
some MBA’s
1 yr.*
General Electric
4 6-mos.
Undergrads
85 yrs.
Johnson & Johnson
3 8-mos.
Undergrads
6 yrs.
Lucent
3 1-yr.
Undergrads
8 yrs.
W.W. Grainger
2 or 3 1-yr.
Undergrads
6 yrs.
* Ford revised its training program in 2003.
Source: CFO Magazine, “Great Expectations”, Nov 2004.
Financial Management Program
Basic
Fundamentals
Learn & Grow
Network
Network
•
•
•
•
Intensive 2-year entry-level program
4 different rotational assignments
Minimum of one geographic move
4 technical courses & Six Sigma training
• 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
The building blocks for a successful career at GE
The Basics
Emphasis on Total Development …Financial, Leadership, and Personal
4 Technical
Courses
Leadership
Training
4 Rotations
2 Year FMP
Program
Exposure to
Senior
Leaders
Mentoring &
Networking
Continuous
Feedback
Rotations
Challenging & meaningful assignments, defined deliverables & diverse experiences
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
What Do the Assignments Look Like?
FMP offers a wide variety of rotations and locations
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
Heather
 1st Rotation: Global Tax & Treasury Analyst –
Milwaukee, WI
GE Healthcare
 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
Off-program assignment: Financial Analyst, Business Development
Curriculum & Skill Development
4 Intensive Graded Courses … Taught by GE Finance Professionals
> Foundations: Online, Interactive self-study & Classroom sessions
• Financial & Management Accounting
• Business Planning
• Financial Statement Analysis
• Process Improvement
> Operations: Online, Interactive self-study & Classroom sessions
• Cost Management
• International Operations and Related Risks
• Financial Services
> Controls: Online, Web based self-study, Classroom sessions
• Risk Assessment and Mitigation
• Controllership
• Audit Processes
> Strategy: Case study based, Classroom sessions
• Operational Strategy
• Competitive Analysis
• Customer Economics
Where the Career Path Leads
20 largest business CFO’s
FMP & Corporate Audit Staff are Global & Multi-Business
Experiences that are Highly Valued
Average Years with GE
18
FMP Graduates
70%
Corporate Audit Staff (CAS) Experience
65%
Average Number of GE Businesses
4
Global Experience
60%
Cross-Functional Experience
35%
External Experience
30%
And 50% of these Businesses CEO’s came through
FMP/CAS!