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What does a financial analyst do in a F500?
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Date: April 2nd, 2018 4:21 PM Author: Awkward stag film (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35745938) |
Date: April 2nd, 2018 4:23 PM Author: jet nursing home dragon credited question. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35745952) |
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Date: April 2nd, 2018 4:29 PM Author: aquamarine digit ratio the crux of corporate finance is taking raw data and drawing insights from it to present to leadership.
An analyst wouldn’t do this but manager level and above typically lead presentations in front of executives, etc. You kinda have to know your shit at these meetings. Being a no-nonsense alpha helps.
The shitty thing about corp finance is you have to work extremely hard and you don’t get paid much at the lower levels.
The best thing about it is you really come to know and understand the whole business unlike other areas which are almost always siloed. |
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Date: April 2nd, 2018 4:31 PM Author: Awkward stag film Does almost every f500 have a group of people doing this? (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746018) |
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Date: April 2nd, 2018 4:32 PM Author: aquamarine digit ratio Yep, they all do. As do banks, etc. The experience is very transferable. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746028) |
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Date: April 2nd, 2018 4:33 PM Author: Awkward stag film Has this always been the case? Like 20 years ago? (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746038) |
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Date: April 2nd, 2018 4:37 PM Author: aquamarine digit ratio The expectations for work product are higher now. Excel skills have become more commodified (but a good excel guy is worth his weight in gold), there are a ton of data visualization tools (tableau, etc) and other software that you need to master concurrently. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746078) |
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Date: April 2nd, 2018 4:40 PM Author: Awkward stag film What's the relationship between a F500 VP for Strategy and the financial analysts? (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746113) |
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Date: April 2nd, 2018 4:42 PM Author: aquamarine digit ratio The faggot vp will demand a ton of work from analysts for what amounts to ???? Because nobody knows what strategy people even do. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746126) |
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Date: April 2nd, 2018 4:44 PM Author: Awkward stag film Oh. I figured the VP for Strategy is who the analysts reported to. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746142) |
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Date: April 2nd, 2018 4:45 PM Author: aquamarine digit ratio No, they roll up to the CFO. But there’s a ton of middle management at F500s. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746145) |
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Date: April 2nd, 2018 4:51 PM Author: excitant puppy analysts report to managers who report to directors who report to VPs (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746190) |
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Date: April 3rd, 2018 4:22 PM Author: Awkward stag film What about at a smaller f500 company? How many strategists and financial analysts could there be? (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35753922) |
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Date: April 2nd, 2018 5:15 PM Author: aphrodisiac bawdyhouse VP for Strategy may be in an entirely separate group/line of authority without any direct relationship to financial analysts. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746357) |
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Date: April 23rd, 2018 6:17 PM Author: Racy station feces I have worked in strategy for two big companies and neither had financial analysts reporting up through strategy. They both had them in FP&A. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35903594) |
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Date: April 2nd, 2018 4:30 PM Author: big state Gathering a bunch of data and putting it into NPV models, collecting costs from different parts of company and coming up with five, ten year budgets and constantly having meetings to cut and cut and cut more (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746016) |
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Date: April 2nd, 2018 4:34 PM Author: Awkward stag film How come you never hear about financial analysts at a large law firm? (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746048) |
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Date: April 2nd, 2018 4:36 PM Author: excitant puppy they exist (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746068) |
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Date: April 2nd, 2018 4:39 PM Author: Awkward stag film I'm sure they do but it never seems to comes up on this board. And in general it seems like law firms are bad at pricing so lack guidance. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746100) |
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Date: April 2nd, 2018 4:50 PM Author: excitant puppy it's not a super complicated business so they probably don't need that many of them or pay them all that much. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746186) |
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Date: April 3rd, 2018 4:25 PM Author: Awkward stag film I'd imagine a typical firm with 1 or 2 thousand lawyers could use more of a corporate headquarters than what exists now. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35753954) |
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Date: April 2nd, 2018 4:49 PM Author: lascivious red mexican (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746182) |
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Date: April 2nd, 2018 4:58 PM Author: Supple Brass Hell They seem to be mostly glorified accounts payable people (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746231) |
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Date: April 2nd, 2018 5:07 PM Author: plum nubile trailer park Does it matter if you major in accounting or finance? (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746282) |
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Date: April 23rd, 2018 6:14 PM Author: plum nubile trailer park From what I've seen on WSO (wallstreetoasis.com) acctg is preferred over fin. for F500 corp. fin. For Wall Street there seems to be no consensus. Some of the "targeted" schools don't even have an undergrad business program at all, and the firms provide paid training. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35903579) |
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Date: April 2nd, 2018 5:13 PM Author: aphrodisiac bawdyhouse It's used as a catch-all title for anything related to finance or accounting.
This article does a decent job of summarizing the main types: https://www.mergersandinquisitions.com/corporate-finance-jobs/ |
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Date: April 2nd, 2018 5:23 PM Author: plum nubile trailer park Is there a distinction between a "financial analyst" and an "accountant"? In the context of a F500 company. (http://www.autoadmit.com/thread.php?thread_id=3936948&forum_id=2#35746410) |