公司最佳财务工作

金融工作是世界上最负盛名和赚钱的职业。

Patrick Curtis

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Patrick Curtis

Expertise:Private Equity | Investment Banking

Updated:

September 28, 2022

Finance jobs are someof the world's most prestigious and highly lucrative careers. That is true even for entry-level positions. However, the barriers are high, and so is the compensation.

If you considered a career in finance, you probably said that "eitherbob竞技体育游戏或者什么都没有!

Sure, it is not as prestigious as investment banking. Still, it has many opportunities. If you can work your way out, you may earn hundreds of thousands to several million per year. So let's first talk about why companies need this division in their organization.

Every business is built to make money. Otherwise, we would not launch the company if it can't satisfy the requirements of a for-profit enterprise. To be profitable, it must be financially healthy and robust. But who precisely oversees that and communicates with the firm'sstakeholders?

Theanswer is corporate financeprofessionals. They try to ensure that all business decisions are financially sound and rational. If you want to work in this field, there are several opportunities that you can use.

The positions, salaries, and perspectives vary depending on the company and industry. However, the best possible jobs are those where you are involved in the decision-making on investments, capital allocation, long-term planning, and value creation.

Given our requirements, the best positions in this field are:

  1. Corporate Development (CD)
  2. Financial Planning & Analysis (FP&A)
  3. Treasury
  4. Investor Relations (IR)

Sure, there are also other possible types of jobs, but these are the leaders in corporate finance. It will be even better if those positions are atFortune 500companies. We will talk first about these jobs and then consider all other opportunities.

此外,我们将介绍此职业的典型雇主,入口点和退出选择。因此,让我们首先从工作类型开始。

公司金融职业道路中的城堡之王:首席财务官(CFO)

首先,在深入领域之前,让我们讨论层次结构顶部的人 -Chief Financial Officer (CFO)

"Wait, what about the Chief Executive Officer (CEO)? Isn't he on the top of the pyramid?" Well, yes. But here is the thing.CEO is the King of the company, while CFO is the King of the corporate finance world。So, we are discussing CFO from the financial perspective.

As mentioned before, the departments dramatically vary based on the following:

  • Organization
  • Size of the division
  • Industry
  • Many other parameters

总体而言,整个公司的一般结构是相同的,并且担任这些职位的人们不断向CFO报告:

  • The Financial Planning and Analysis Manager:Management AccountingDepartment's Head
  • The控制器:Financial Accounting Department's Head
  • The Treasurer:Head of the treasury department

Types of corporate finance jobs

#1 Corporate Development (and Strategy)

公司发展(Corp Dev)就像M&A product groupat Investment Banking. Why? Because you primarily work with the海洋博物馆gerand acquisition deals for the company. You will work with investment bankers to:

  • 找到目标公司
  • Make negotiations
  • 罢工交易可能会创造价值

这些交易差异很大,可能会对公司产生重大影响。由于目标公司和收购公司的股份都很高,因此公司发展的工作被认为是“机密”。

如果信息被泄漏或交易做错了,则可能会将公司放下几年。成功的销售也是如此。

这个小组有时与Strategy小组,而其他时间,它们是分开的。

The strategy group works with the M&A (if combined with Corporate Development). It also makes long-term decisions on capitalallocation and market positioning

#2 Financial Planning & Analysis (FP&A)

FP&A组从事以下工作:

So they work with accounting, operations, and even Corp Dev and Investor Relations to handle the firm's operating model.

It could be one of the most exciting and lucrative jobs among other corporate finance jobs. The rationale is close relations with capital spending, operating budgets, and performance management.

#3 Treasury

The Treasury Department is responsible for a range of company's financial activities, such as:

The division ensures that the company's financial position andcapital structure已优化。他们与银行家会面,以处理信用额度,外汇交易,money marketsecurities, and other products.

It is the group's responsibility to ensure the careful management of cash position against the operational expectations of the company's future.

#4 Investor Relations (IR)

IR is not always a part of the corporate finance department. But at some firms, it is combined with corporate finance. For example, the large,sophisticated investor relations groupoften works with share buybacks, dividend policies, and M&A activity.

All of those are core concepts in corporate finance. In addition, professionals in investor relations possess robustfinancial modelingand估值技巧。They may have a detailed conversation withequity research

What About Other Corporate Finance Jobs?

"Ok, I know what the best of the best is. But, are there any alternatives to the jobs mentioned above?"

Yes. They exist and are mainly in the "core" functions group. But, many of them are not in the corporate finance division. Thus we didn't discuss them.

For example, aPricingjob can either be a marketing or a finance role, depending on the firm.

Internal AuditandRisk Managementteams are usually independent bodies that work only with the CEO and board of directors rather than the CFO. They do so to avoid any potential conflict of interest.

The tax department is also very specialized, and it's infrequent for someone to move from it to other corporate finance jobs.

Five types of corporate finance employers

The followings are the most common employers in this field:

1. Banks

Banksmay consider candidates for corporate finance to succeed financially. For example, the Chief Financial Officer might be responsible for the financial part of the business. They may also be in charge of specific departments.

银行向客户提供金融服务,并可能涉及公司财务专bobapp下载链接化管理家来处理客户。

Employees usually work traditionally 40 hours per week. However, there are some exceptions where they might be involved in different projects, such as preparing financial reports for a board of directors.

The largest banks areGoldman Sachs,JPMorgan Chase, andMorgan Stanley

2. Institutions

Here by "Institutions," I mean financial institutions such ashedge funds,共同基金,investmentfirms, and other institutions that manage the money of individuals and corporations. Some positions in this type of firm might require long hours because of the nature of the work.

Usually, tradingstocks,债券,commodities, and other assets in a short time is pretty stressful and requires focused attention.

Vanguard,BlackRock,Blackstone, andBridgewater Associatesare well-known investment management companies.

3. Public accounting firms

These firms offer their services to other businesses, government entities,public companies, and sometimesnonprofits。他们提供以下服务:bobapp下载链接化管理

  • Tax strategies
  • Prepare财务报表& tax documents
  • Help raise capital
  • Provideaccounting对利益相关者的建议

These firms have corporate finance jobs in general accounting, corporate accounting, tax preparation, and financial planning. The leaders in this industry areBig Fourcompanies:

4. Corporations

公司招聘企业融资professionals to manage investments, analyze the financial strength and improve the financial side of the business. In most cases, there is a dedicated team for corporate finance, and you may find specific roles.

最好的公司是primarily Fortune 500companies:

5. Small businesses

You can join small businesses, too, because there is a high demand for corporate finance roles. The main job of startup companies is to keep costs low and secure as many investments as possible. Also, the business might strategically allocate capital and scale exponentially.

Due to the startup's nature, the work of corporate finance specialists might be challenging. To grow the business, all individuals must work long hours. You may not always get the salary in the form of cash. Some portion of yourcompensation might be in the stocksof the startup.

If thestartupsucceeds, you will be wealthy compared to others working at large companies. But, if the business loses, you will be left with nothing. That is the reality. Do your math and always consider all the pros and cons before making any decision.

如何获得公司财务工作

Well, there are several ways to get the above jobs. Each career path has its unique characteristics. There are many ways to break into corporate finance, and here are a few examples of them:

Paths to corporate development

FP&A的途径

  • Accounting department experience
  • Public Accounting Company (Big 4) experience
  • Coming from a bank (specifically investment banking andequity researchbackground)
  • Experience at a competitor firm

Paths to Treasury

  • Moving internally from the accounting department of the firm
  • 来自投资银行(特bob竞技体育游戏别是DCM)
  • Leveraging企业银行业务经验
  • Working at a Public Accounting orAuditing公司(四大)

Paths to IR

  • Transfer fromEquity research分析师角色
  • Internal transfer from the Finance or FP&A department of the company
  • Coming from the competitor firm

那么,您如何成为首席财务官?

"I have one more question. How can I be the King in this world? How can I be the CFO of the company?"

The CFO manages about 25 to 200 people, and his compensation is $300,000 (the more significant the firm, the bigger the balance). Although many want to be in this position, few (<20%) succeed.

这个角色要求您拥有大量的技能和网络。做得很好只是进步的一半。另一侧是网络。您应该认识合适的人,并向他们展示他们可以通过认真的工作来信任您。

Asset managementand对冲基金职业有更多海洋博物馆it-based advancement, while corporate finance differs.

过去,担任FP&A经理并了解一切以赚取您的利润(净利) target and how to interact with other groups was a standard way of promotion.

But today, with regulatory scrutiny, CFOs can be prisoned if theycertify incorrect financial statements。结果,法规是严格的,控制权的作用也有所增加。

控制器ship is not the most "exciting" job, but you can use that experience to reach the CFO level. Having a Big Four experience would also give you a significant edge.

知道如何manage the profit and loss statement作为管理会计工作了几个of years would be an excellent foundation for your career.

Corporate Finance Career Path: The Exit Opportunities

What are the exit opportunities in this field? Some people say there are few opportunities, and you will be pigeonholed. Others say you have great flexibility over different industries. In general, I would say that the statistical distribution is the following:

  • 60%的人去另一家公司的公司财务部门
  • 10% go to风险投资or investment banking
  • 20% go toconsulting
  • 10% move to risk management or sales & marketing

bob竞技体育游戏投资银行和private equity在公司财务之后仍然有可能,但这更具挑战性。

The skills, however, are relevant in FP&A on how to model a firm'srevenuesand花费。Most investment bankers never saw what their spreadsheet means in reality. Compared with them, you will be more grounded and understand the practice behind those numbers.

Also, the controllership work will help you understand theBalance Sheetperfectly. But to move to other places, you have to be very talented + highly connected. Otherwise, it would be nearly impossible to move to lucrative positions.

但是有了那条路线,更容易用MBAdegree at a target school. Then you can use that brand to switch to another function or industry.

Management consulting would alsobe an option for you since FP&A teaches you more about strategy. However, operational consulting would be much better because you can show your skills in executing and implementing the system.

如果您有兴趣,销售和营销对您来说是另一个机会。您可以忘记法律,法规甚至审计。您要做的就是出售。

The finance background would even be a plus because many salespeople don't understand the financial impact of their actions.

No matter where you go, you should prepare for the interview well to be hired. Our面试准备指南will help you to realize your goal.

Credentials for Corporate Finance Jobs

Although professional designations are not required, they are still preferred for recruitment and promotion. They also could be great ways to show your dedication and knowledge. Here are the most common credentials that will boost your career to another level:

  1. 特许财务分析师(CFA)
  2. Certified Public Accountant (CPA)
  3. 认证管理会计师(CMA)
  4. Financial Risk Manager (FRM)

我们的专业名称指南将向您展示如何推进你的职业智慧h the designations.

Also, the Master in Business Administration (MBA) degree would be a plus. If you are unsure关于MBAdegree, check ourIs MBA Right For You?course.

Skills needed for a career in CorpFin

除了学位和认证外,您还需要实现梦想的实践技能。

Here is the list of skills that you have to develop in yourself:

我们的Foundations Packageand精英建模包当然,您将为您提供所有工作中所需的艰苦技能。

精英建模包

您需要掌握财务建模所需的一切

To Help You Thrive in the Most Prestigious Jobs on Wall Street.

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Researched and authored by Almat Orakbay|LinkedIn

Edited by Colt DiGiovanni

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