by Nicolas Doumenc Comments (50)

General Electric’s Financial Management Program: The Most Prestigious Corporate Finance Gig Around?

Nicolas is the founder of 300 Finance Gurus and has advised more than 100 clients on their cover letters and resumes. He also provides strategies on networking, LinkedIn and interview preparation for clients in Investment Banking, Corporate Finance and Private Equity (full bio at the bottom of this article.)

There’s a lot of debate around the “best” place to start your career: Investment banking? Private equity? Corporate finance? Equity research?

But if you go the corporate finance route, there’s no debate over the best, or at least most “prestigious,” option within corporate finance: General Electric’s Financial Management Program (FMP).

It has been around for almost 100 years (created in the 1930s), and 75% of GE’s Chief Financial Officers went through it!

The only problem is that if you try to read about it online, you run into corporate speak and buzzwords galore, but little real information.

I actually graduated from the program and then left GE to start my own business, so I want to give you a realistic, non-sugar-coated version of what you do, what a “rotational program” in corporate finance means, and just how lucrative / prestigious it is.

Plus, we’ll take a look at how it compares to IB roles and answer the #1 question on your mind: is there any reason to forget about IB and become an FMP instead?

What Exactly IS a “Financial Management Program” (FMP)?

Just like investment banks hire interns to fill their talent pipeline, Fortune 500 companies such as General Electric do the same thing to fill their pipeline, division by division.

GE was the first company to create a rotational program for recruiting promising graduates and giving them exposure to different groups; programs at other F500 companies were inspired by GE’s example.

The FMP is a two-year program with four rotations of six months each: you join a specific division, such as GE Capital, and then you might do rotations in consumer lending, business-to-business-lending, real estate, and airplane leasing.

There around 600 FMP members worldwide, including 300 in the US, and they’re split between the two main sides of GE’s business:

  • The “Capital” Side: B2B and consumer banks (Over 25% of GE’s revenue comes from financial services!)
  • The “Industrial” Side: Groups that sell products in industries like Healthcare, Oil & Gas, Aviation

On the Job: Optimal Capital Structure, or Optimal PowerPoint Slides?

When the rotations begin, you spend your time not only on work assignments, but also on classes – and you actually have to pay attention and complete everything because of a mandatory test near the end.

The work assignments follow the 3 main categories we laid out in the article on corporate finance jobs:

  • Financial Planning & Analysis: You analyze profitability, make short-term and long-term forecasts, and find risks and opportunities.
  • Controllership: You improve processes and controls, and assist during quarter closes and audits.
  • Treasury: You hedge interest rates, work with swaps, forecast funding needs for the business, and analyze key working capital metrics.

You’ll do at least one rotation in FP&A and one rotation in Controllership during the two-year program since they’re the most important groups.

All the divisions above are separate entities, so your 4 rotations might look something like this:

  • Consumer Lending – FP&A
  • Real Estate – Controllership
  • B2B Lending – Pricing
  • Airplane Leasing – Treasury

The “sexiest” rotations are internal M&A, asset management, or pricing, but they are hard to come by unless you work in the GE Capital Division.

Is Any of This Work Actually Interesting?

Yes, but you have to be really careful where you complete your rotations. Here are a few examples of work assignments in each group:

  • Pricing: You calculate Return on Investment for different initiatives, review the models to adjust the assumptions, and speak to people in sales and operations to check your numbers.
  • FP&A: You may own a P&L, and you create the financial projections for a division and then pitch them to the FP&A manager and CFO.
  • Controllership: You will comment on and explain variances in Balance Sheet accounts, and help with the technical accounting for multi-million dollar transactions.

As long as your work is related to day-to-day operations and forecasts, it’s interesting and will teach you something new (check out our article on a day in the life of a corporate finance analyst for more).

Be wary of “headquarter” rotations at the European or global level.

These sound good on paper, but they tend to get boring since a lot of the work consists of consolidating data for 10+ divisions – interesting to do once, but repetitive the 10th time around.

On the other hand, you do get more exposure to very senior people, so there is a trade-off.

How Do You Get Placed?

During the first two rotations you’re assigned to a group and a location, but you can chose both of those for your two last rotations… to some extent.

A lot of candidates assume that they’ll be “taken care of,” but you need to update your program leader regularly and then sell yourself to potential managers in other divisions to get the rotations you want.

If you just indicate your preferences online, your chances of getting the rotation you want are much lower.

The Classes: Time to Hit the Snooze Button?

Besides your work assignments, you also have classes:

  • Foundations: Accounting basics and planning sessions
  • Operations: Inventory, FX, and loan accounting
  • Controls: Audit and regulatory
  • Strategy: Operational strategy and competitive analysis

FMPs are based all over the world, so you dial in and go through exercises together and then complete group exercises and business simulations.

There’s also an exam at the end of each module – 15+ FMPs typically get together to study and work on cases during the day, and then party at night.

The classes are not too difficult, but you need to pay attention for 2 reasons:

  1. If you score less than 80% on two modules, you’ll get kicked out of the program.
  2. Your grades influence your pay raises, so you’re incentivized to study.

Overall, you’ll spend around 1-2 weekends before the exam practicing and studying and about 2-3 hours per week on the classes the rest of the time.

The Benefits: Why Would You Want to Become an FMP?

Besides getting to write about the experience on your resume/CV, the main benefits are the network and exposure, locations and travel possibilities, exit opportunities, and pay – roughly in that order.

Benefit #1: The FMP Network: How to Befriend the CFO

Of course, you meet 200+ other FMPs during exams and at events and conferences, and you keep that network with you for life.

But the biggest benefit is the exposure you get to senior executives.

Once per rotation, you get to shadow an executive – in my rotation, I spent one day with Todd Smith, the CFO of GE Capital International, a division with $130 billion+ in assets and 25,000 employees.

It’s a great opportunity to ask questions about your career strategy, how to climb the ladder to the CFO level, and to figure out if the job actually appeals to you.

You’ll also attend dinners and roundtables with CFOs, CEOs, controllers and FP&A managers on a monthly basis, and you get special attention from CFOs and managers since most of them are FMP alumni.

Finally, you’ll also probably get the chance to pitch a new project to at least one officer of GE – which rarely happens otherwise unless you have 15+ years of experience.

Benefit #2: Locations and Travel Possibilities

You’re not working investment banking hours (think: more like 60 hours per week, depending on your rotation and classes), and you also get more time for vacations (at least 2 weeks per year in the US, and up to 5-7 weeks in Europe)…

…But the biggest benefit, arguably, is that you get to work in a different city for each rotation.

So if you ever wanted to “travel” or work in different countries for short periods without taking painful flights back and forth every week, this is perfect.

The only problem is that the locations aren’t exactly glamorous if you’re in the US. Think: Fairfield, Norwalk, etc.

And if you’re on the industrials side, you work in cities with plants – not quite as bad as mining for gold out in Saskatchewan, but also not quite a 6-month “rotation” in Hawaii!

European FMPs have it better since they do rotations in Paris, Zurich, London, Dublin, or Prague on the Capital side.

“Industry groups” such as healthcare and oil & gas tend to be in more remote locations.

Moving every 6 months makes it tough to have a romantic life, but if you’re young and really want to live in new places it could be a great experience anyway.

Plus, GE pays for your apartment and your flights when you’re doing a rotation abroad – so you could spend your salary on bottles, or wine tastings if you’re doing a rotation in Paris.

Benefit #3: Exit Opportunities: Got Upward Mobility?

Just like how investment banking lets you move into many other roles, becoming a GE FMP also opens doors – but they’re different, and sometimes less lucrative, doors.

Here’s a rough breakout:

Around 80%+ of FMP graduates actually stay at GE and take on various finance–related roles.

The most popular one is audit, which attracts about 35% of graduating FMPs worldwide.

They join the “Corporate Audit Staff,” or CAS, and then rotate every 4 months all over the world, with all expenses paid for by GE.

Internal audit work isn’t terribly exciting, and you also work a lot: 80+ hours per week.

But you do get a starting salary of $80K USD, with solid benefits and ~15% pay increases per year.

CAS is also a “fast-track” to executive-level finance roles, and if you make it to your 5th year you could potentially become CFO of a division with only 7 years of experience.

Outside of Audit

The 65% of FMP graduates who don’t join CAS take other analyst roles within GE, mostly in FP&A or Controllership. Some also join the internal M&A team or the pricing department, but those are less common.

If you did great rotations and built a solid network, you can start managing a team of 2-3 people afterward – but for most FMP grads, managing a team only happens 2-4 years after graduation.

Starting salaries range from $70K to $75K USD in the US and in Western Europe.

Outside of GE

The FMP has a strong reputation, so you’ll be contacted for corporate finance roles at other F500 companies.

You could also join a top audit or consulting firm. Firms like Deloitte actively recruit FMPs, so it’s not too hard to get interviews.

If you went to a target school for undergrad and you’re willing to put in the networking hours, you can potentially jump to investment banking or private equity – but it’s still a tough move.

Overall, it’s in your interest to stay at GE because so many CFOs and managers are FMP grads; nothing is guaranteed, but if you position yourself correctly it’s one of the best ways to move up the ladder.

Benefit #4: The Pay

And now to the last, and arguably worst, benefit.

If you join as an FMP in the US or UK, the starting salary is $60K USD, with a raise of up to 5% every 6 months (depending on your on-the-job performance and exam scores).

So no, don’t expect this to compete with investment banking, private equity, or hedge fund pay – although compensation does rise more rapidly after you graduate.

GE does pay for your apartment and car if you do a rotation abroad, which helps a lot in a place like London, but international rotations are much less common in the US (to compensate, they provide a housing allowance there).

The Showdown: Investment Banking vs. Financial Management Program

So let’s answer that question you’ve been thinking about from the beginning: is there any reason to become an FMP at GE rather than an IB analyst?

Pay & Prestige

Investment banking wins on both of these – people are more impressed by “Goldman Sachs” than by “General Electric.”

And even in the post-crisis world, IB pay still trumps FMP pay by a long shot.

The Learning Curve

Rotations get more and more challenging, so the learning curve doesn’t flatten out like in IB after your first year there.

FMPs also do at least one Financial Planning and Analysis rotation, which means that they’re guaranteed to get exposure to very granular forecasts and 3-statement modeling.

Investment bankers tend to stay much “higher-level” on the modeling side, and sometimes don’t even get in-depth exposure after 2+ years.

The Challenge

The big challenge for FMPs is making projects happen. It’s easy to have tons of cool ideas on how to improve your team, but it’s really hard to convince 25 people to implement your ideas!

For investment bankers, the challenge at the junior level is “not screwing up,” and at the senior level it’s more about winning clients and access to the best deals (see: our Chief Financial Officer vs Managing Director competition).

The Exposure

FMPs have no contact with clients, which is another negative compared to investment banking. Client exposure is a huge growth factor, and even if bankers don’t see clients much at first, they sure feel the pressure!

One place where FMP is better is exposure within the company, since you get a lot of opportunities to work with senior executives. An IB analyst would never get the same direct exposure to MDs and Group Heads.

Work & Lifestyle

There tends to be less “grunt work” than in IB roles – you do use Excel a lot, but you don’t spend hours fixing font sizes in PowerPoint.

And since you’re working at a huge company, you could potentially make a huge impact if you figure out a more efficient business process that gets adopted everywhere.

The hours tend to be a lot better than those in investment banking, though you will have busy weeks in areas like Controllership when the quarter is about to close.

“Face time” is frowned upon, and if you need to be at the office 90 hours a week to do your job, your manager will start doubting your abilities.

Exit Opportunities

Investment banking wins here, since you have a wide range of different options both at banks and outside banks – and you could even move into some of the corporate finance roles discussed above.

Being an FMP lets you move around within corporate finance, but it’s much harder to make the move to areas like private equity and hedge funds.

To FMP or Not to FMP?

If your main goals are pay, prestige, and exit opportunities, you’re better off starting out in investment banking.

But if you want more interesting and varied work, with a learning curve that doesn’t flatten out as much, and lots of senior exposure, the Financial Management Program is quite attractive.

This question goes back to the points made in the CFO vs. MD article: if you like the varied work and the team-building you do as a CFO, think about the FMP.

But if you like the faster pace and the client / sales work you do as an MD, investment banking really is the only place to start.

And if none of this appeals to you, there’s always equities in Dallas consulting.

Stay tuned for the next article on how to break into corporate finance at the entry level.

In the meantime, I hope you enjoyed the article and I’ll take all your questions in the comments!

About the Author

Nicolas Doumenc

is the Founder of 300 Finance Gurus, a website where he grills 300 Managing Directors, CFOs, Vice-Presidents, Associates, and headhunters on their best networking and interviewing techniques. He also offers career coaching and resume/CV editing services there.


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  1. Hi, I heard that the number of CAS hires has been slashed, so has there been a cut to the recruitment number of FMP as well?

    1. Not sure about that one, but there have definitely been changes to the FMP program… we will update this article at some point. The divestiture of GE Capital alone will reduce the number of hires, so you’re probably correct.

  2. Hi,

    The description reads “Typically, you would be a graduate looking for a first real taste of working life”

    I have 2.5 years of not so relevant work experience. Should I even bother applying? My goal is to work in the aircraft division. So I am pretty sure of what I want.

    Do you have any feedback on this?

    Thank you!

    1. I don’t think the FMP is really intended for candidates with several years of work experience, but yes, I suppose you could potentially apply.

  3. I have a GE internship in Japan and want to return to the US (my home country) to apply for FMP. Unfortunately though, I don’t have a degree from a target school. How can I get my application to be considered? I am trying to get a recommendation from my manager. What else can I do?

    1. Network, network, network…

  4. Isidora bianchi

    Hi,
    I´m from Southamerica and I want to apply to the program next year, but I can´t find the information about the applications.
    Thanks,
    IB

    1. I’m not sure if GE offers the program everywhere. They have this page for Brazil and Mexico:

      https://www.ge.com/careers/culture/university-students/university-recruiting/latin-america

  5. Ayoub chaabi

    Hi,
    Is it more beneficial to get to your MBA prior to applying to The FMP or is the bachelor’s enough?

    1. You don’t need an MBA for this program.

  6. Can anyone help me to know the requirements that you need to join FMP

  7. Hello,
    Is it sure that starting salary is 60k$ for GE FMP Europe in the “Industrial” side please ?
    I think the starting salary could vary according to the business school and previous experiences.

    If anybody have more information about the starting salary, I’m interested about further infomation.

    By the way, thanks for this fruitful article ;).

    Thanks

    1. Yes, it might vary according to your school and previous experiences. This article was from the end of 2014, so salaries may have changed.

  8. Adriana Garcia

    I am going through the second part of the hiring process and I am a little bit loat about the finance exam they expect you to do. I think it iaainly accounting based but could you give me some information about it or tips to prepare it? I think she said we do not even need a calculator. Thank you!

    1. Hello, I’m confused regarding your comment. Do you mean exam at the end of the program? Or do you mean as part of a pre-hire requirement?

      I ask because I received an offer for the internship program and I’m not aware of a prerequisite exam.

      I do however know that there are course you must take and pass through the training. But then, GE provides the materials you need. As a finance or accounting major none of this should be a major challenge unless you did not pay attention in class.

    2. It is mostly based on accounting. Review your textbooks and concepts like journal entries, debits/credits, the financial statements and how they link together, and how various changes affect the statements. This is a good site for review:

      http://www.accountingcoach.com/

  9. I cannot find a date for when this article is posted, but since GE has divested GE Capital, do you think that brings down the quality of this program?

    1. The program will stay the same for GE Oil & Gas and GE Healthcare so no reasons to worry on that side. GE Capital program was the biggest though so the presence of the program on the job market will go down (and probably hit the reputation a bit).

  10. PenultimateYear

    Hi Nicolas,
    Great article with a lot if substance! I wanted to ask is there a reason why GE’s commercial leadership program isn’t as recognised as FMP? And if I don’t have an accounting major would it be hard for me to get the role?

    1. Thanks a lot for your comment. Not being an accounting major is fine, GE’s philosophy on this is that after two years of program you’ll be at the same level as finance/accounting majors.

      Regarding GE’s commercial leadership program it’s hard to say but in my opinion it comes down to “the age” of the program. When something has been running for a 100 years, most of the CFOs and senior finance guys come from the program and so they are very willing to put money and time in it.

  11. Bradley Shermeto

    Mr. Doumenc, I am a senior at Penn-Trafford Highschool in Pennsylvania in the United States and I am writing my senior research project on Corporate Finance Analyst. I was just wondering if you would be willing to answer a few general questions I have about the job and help me understand the everyday things you do more in depth. If you could just send me an email at the address I provided below it would mean a lot to me. Thank you very much for your time.
    -Bradley Shermeto

    1. Just to jump in here, I’d also be happy to lend a hand with your research material if you like. I’ve been in finance for about 10 years or so started in banking in a one in a million shot (right place right time situation), so I can’t lay out a realistic path, but I’ve got a lot of perspectives and war stories you can use as material. I was there as the crash of ’08 was happening when mark-to-market rules took hard effect and I’ve done the financing on some big projects when I moved out of banking and into the corporate world. Obviously, use as many sources as you deem feasible for your research, but I’d be more than happy to help a student to just share things from a personal perspective.

      Your email doesn’t show up here and I wouldn’t advise putting one on a public blog that is visible to all, but if there’s some way you’re able to get a message to me via the team that authors the site (if they’re not too busy) then feel free.

      I’m glad your taking an interest in the subject. We really need good finance people out here that grasp concepts (like the ones taught in the course this site offers) and don’t just go through motions. So hats off to you.

  12. How likely is it for people to move on to an MBA after the FMP program?

    1. A lot of people stay with GE and inside GE MBAs are not going to help you career wise. Even if you wanted to get an MBA only two years of FMP would not be enough and you’d need another 2 years of interesting work experience.

      If you are dead set on getting an MBA and moving on to a different field / company then FMP is pretty good because you can get some international exposure, good charity projects etc.

  13. GE having tonnes of divisions obviously has an internal M&A dept , how difficult is it to get into it?

    1. Sure, the internal M&A department is called “business development” or BD at GE. It’s quite difficult to get into it since a lot of their guys are coming from IB. If you only want to get into BD then you should join the FMP in the Capital division, get one rotation in BD and blow they mind so they keep you. It can happen but it’s tough!

  14. Great posts!! Really enjoy reading these corporate finance series… discovered my interest in Finance far too late for banking … hopefully i still have shot in these FP&A roles. Hopefully i still got a chance at late 20s..

    1. Hi Mark and thanks for your comment. FP&A is more forgiving than banking for people in their late 20s. Depending on where you worked before wanting to move to finance you can really leverage your background/expertise to “sell” yourself as a finance guy who gets the product!

  15. Are there any other rotational programs like GE’s FMP?

    1. There are tons. GE’s is usually considered the most prestigious but most F500 company have some kind of finance rotational programs.

      Also there are a lot of other rotational within GE (and other big companies) for HR, operations, engineering, sales…

  16. I live in South Africa. How do I get an internship at GE Capital in say London?

    1. The recruiting process for interns is less structured than in banking so your best bet is to start networking with people in the GE Capital team there, get more information about the process and how you could position yourself coming from South Africa. Then you can start asking about the internships opened at the moment and applying.

      If you come from a decent school, and can show during an interview that you understand what you’ll be doing in corporate finance you are ahead of the game. Bonus points if you mention the FMP, why that’s your dream job and do a good interview.

  17. Nicolas, very good article. Good writing too. GE has a solid program and it’s definitely a good way to make a future for yourself.

    Just wanted to comment on IB prestige to the comment readers (I’m mainly talking to the young people). I think people focus on that a lot when choosing career paths and that’s not a bad thing, but I think there is less weight on that now days since the professional and social landscape out there is changing quite a bit. Obviously if you’re determined to do IB or PE, then yes, inside of that community things are somewhat old-fashioned. It’s not a bad career choice.

    Corporate finance is not a bad gig. As the article states, you make about $60-$70 annually starting out, but if you’re good at what you do, you can snag $90 – $110 pretty easily after 2-3 years with probably less than 50 hours a week of work. You can have a dating life, make some friends, have some fun, and live pretty comfortably. For being under 30, that’s a damn respectable living.

    From a social standpoint, at least in California, IB is not admired as it once was. Take a look at some other finance forum posts from 7-8 years ago. It’s pretty terrible. You can’t take pictures of stacks of money or make fun of gay people anymore. People don’t wow over a picture of a guy with a Lamborghini he posted online, they just think he’s a jerk. Hence, IB gets a bad rap now days and it’s unfortunate because it takes a lot of dedication and is a good career.

    My point is that you should choose a role that you’re interested in to fulfill yourself. I don’t like to line up IB and corporate finance and compare stats like I’m shopping for a TV. Both are great choices and neither are anything to sneeze at. Think about your life. Do what moves you. Because after a while we all get old and will probably get prostate cancer anyways, so make sure you don’t get distracted by how you think something will make you feel and sacrifice your well-being because of it.

    I know I plug BIWS a lot, but I can’t stress how critical it is to be fast with Excel and understand those concepts outlined in the modeling courses. Be it IB, or corporate finance, etc., that’s the best way to really hone those skills to showcase so you can call your own shots when it comes to how and where you want to work. With a cost equivalent to a few dinner dates or nights out, it’s the best investment you can make in my opinion.

    Sorry for the long post, Nicolas. And I don’t mean at all to diminish IB/PE. I just worry a lot of guys starting out have this tunnel vision “all or nothing” approach to finance and they miss out on some great opportunities because a certain name isn’t attached to their job title or workplace. Sort of like that obsession with front office/back office that has already thankfully been debunked and clarified on this site.

    1. Thanks a lot for the long comment. I really appreciate when people take the time to share their view and deep dive on a topic like this. I agree 100% with you on the prestige thing. I think Paul Graham wrote an article about how you should run away from “prestigious” jobs because if the job was interesting there would be no need to make it prestigious to attract people.

      That’s an extreme view of course. I work with tons of bankers and most of them really like the challenge more than the prestige. But if you only want to break into the industry for the title and to impress people when you say banker…you’re in for a tough one because you’ll trigger more hatred than awe!

    2. Thanks for reading and for your support of the site and the courses!

  18. Syrymflash

    Great article M&I.
    However, I will never say “No” to investment banking to take corporate finance job.

    1. Perfectly fine with us ;) We are not here to sell you corporate finance or investment banking or PE. We’re here so you can be fully informed before making a choice! Best of luck in banking!

      1. Syrymflash

        :-)
        Thanks Nicolas for informing people like me about different finance paths.
        This article proved again that my choice is correct.

        1. Syrymflash

          Though corporate finance seems equally interesting.

          1. It is very interesting yes, just suited for different personalities. I see that first hand because most of my clients in coaching are bankers so I can really compare the two fields.

  19. Hi,

    I am part of a finance rotation at a fortune 10 company. I also have an undergrad and mba in finance from a non target school. I want to leverage this experience to try and get into investment banking. I was a bit naive in my first attempt to get into investment banking and never even came close to receiving an interview. More specifically I want focus on the industry in which my company belongs. I have done internships in this industry also. If I network well and target specific groups in the middle market towards the end of my program which last 3-3.5 years do I have a chance. What are some recommendations to make myself more marketable for IB. I already plan to study the different modeling techniques on my own to stay up on the technical aspects.

    1. You do have a chance yes but coming from a non target in undergrad is not helping. I recommend you study the technicals and modeling aspect of course but also try to get assignments or projects in areas related to valuation or transactions to have more relevant experience. If you can’t get a full rotation in internal M&A try to at least get one in treasury.

  20. How can I apply for this program if I have already graduated?

    1. It’s ok to apply if you have less than one year of work experience. You just need to apply for the next cycle.

  21. what’s the recruiting process like for the GE FMP?

    1. Nicolas will add his own first-hand experience later, but interview-question wise it is fairly similar to IB interviews – but there’s more of an accounting focus with more questions on topics like journal entries, managing a company’s funding, capital budgeting/planning, etc. I would imagine you go through multiple rounds of interviews as in other finance roles, but not sure of the specific number of people you meet with or how many are senior vs. more junior.

      1. Brian is pretty right here. The technical topics are different and more focused on accounting and planning yes. But also there’s a bigger focus on “fit” questions rather than technicals especially for entry level roles because the courses which last for 2 years will put you up to speed on all the technical topics.

        The next article is going to be all about the recruiting process for the graduate programs so stay tuned Joe!

        1. Ex-GE Capital FMP here. In the US, interviews for the program are generally consistent between interviewers since they have a script provided to them. The interviewer likely won’t stick with the script the whole time if you are conversational, but they still need to at least touch on all questions since they are required to write down your “score” next to each of them. That being said, the interview is usually all behavioral…only one technical question has been asked historically and it is rather easy: “define one financial concept in detail.” You might get a few follow-up questions on this, but GE’s overall opinion on FMP recruiting is that they will teach you all you need to know about finance on the job and via the proprietary courses. Keep in mind that what GE is searching for during FMP recruiting is, in its own words, the “potential future leaders of the firm.” Thus, traits recruiters look for include past leadership experience, sincere business interest, intelligence, likability, teamwork etc. They don’t think of themselves as recruiting from the same pool as the IBs since they want “team players” rather than those who are more on the cutthroat end of the competitive spectrum – stereotypical opinion, I know. This is evident from the GE (Capital) “target school” being more akin to Notre Dame, BC, Holy Cross, Syracuse, Northeastern, etc. rather than the IB tradition of heavily recruiting from Ivy league-type institutions.

          1. Thanks a lot for sharing Thomas! What you said about the focus on technicals is true but changing a bit since now more and more FMPs did an internship with GE before you can get technical questions about the work you did during the internship.

  22. Hey everyone, I’m here to answer all of your questions or comments so ask away!

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