GE FMP Internship - Offering any advice?

Yes- GE Capital's FMP program is a good internship to have, as it is from a very well respected company that produces great leaders. This will help strengthen your resume, and though it won't necessarily be the primary reason for an interview (gpa, EC's, etc...), it will certainly help. Make sure you take away some good stories while at GE, as those will be the main talking points during interviews.

Enjoy your summer!

Also, are you in Cincinnati or Connecticut?

1. Major lazer is SICK live. if you haven't had the chance to check em out live, DO IT asap.
2. GE Capital is well respected. Know your technicals and why the switch to investment banking. Be able to talk about your exp at GE and you should be good to go.

An internship at a well-respected group in GE may be on par with a BB banking or top-notch consulting internship. I'd like to think a transfer to a BB IBD group might be doable assuming the economy stays strong and they leave room for non-internship full-time hires.

For consulting? I'd say GE FMP, as you would be getting industry experience from a top leadership development program. Seeing how an international corporation like GE works from the inside would be much more useful than helping create pitchbooks and doing basic research IMO

I would personally go with GE. Consulting firms appreciate F500 work exp, so GE should position you well for FT recruitment.

Potentially, if you do the boutique ibanking job, consulting firms might think that you are trying to go for banking primarily and using consulting as a back up.

What if the bank is something like Wells Fargo Securities??

habibster:

What if the bank is something like Wells Fargo Securities??

I would still go with GE.

Wells Fargo isn't GREAT in the IB world. I would stick with the GE gig.

Depends on the bank, but unless it's a very reputable boutique bank I'd say that the GE experience is going to be better for getting a position in consulting.

GE if you want to do consulting like Wells Fargo if you want to do IB . 50hrs/week proly a shitty bank. if u think you are gona do 50hr/week at WF your in for a suprise...don;t be fooled by thr chariots.

What top boutiques or MM firms does MBB look favorably on?

FMP is probably the better alternative, but by no means is it a fast track pass to MBB. You'll need the all-around resume to accompany FMP in order to get a callback from MBB.

I heard it is harder to get a return offer for S&T than the IBD

how do you say u r unsuccessful when first round haven't even started? Firms don't review resume till mid jan...

I've tried for a bunch of accelerated programs that haven't worked out and have gone for sophomore programs in the past. I will keep applying for IB, but but I'm mainly looking for WSO's opinions on the long-term opportunities afforded by these three positions (assuming I am given/accept a FT offer from them after the summer).

Anyone?

Out of those 3, probably GE FMP. If you have connections at both Jefferies and Piper Jaffray, why not try to leverage those for IBD SA interviews? An IBD stint at either of those places would position you well for PE afterwards.

Long story short, my contacts are under the impression that I want to work in their groups (i.e. trading) because I figured it would be easier to break in that way - we've talked too much to bring up the issue now.

**I guess I should ask which of the above would be looked at as more prestigious on a top b-school app, assuming I stick with it for FT? I'd love to just accept an offer at the end of this summer and be able to relax a bit senior year.

bump

I call bullshit. New poster, taking over the family conglomerate? Falseroni. How exactly do you expect to be a serial entrepreneur while running a conglomerate? Those two things are at opposite ends of the expertise spectrum, and either one could easily suck up 100 hours a week.

This is a poor attempt at a troll thread to get people into a pissing contest about IBM vs GE.

a conglomerate family business who can't buy their way into anything they want to? that's weird

It isn't if you consider that this is in a small third world country NOT in the USA. I didn't think it was important but yes, my family does own several large businesses in ranching, farming and food manufacturing. So no, I can't buy my way into anything I wanted (especially in the USA ) and yes I do have several opportunities to start my own businesses (most of which will probably be small at first). I wish I had the corporate power that would bring in the US :-)

I apologize for any confusion but no I am not a troll and I would appreciate some serious answers.

Ok, well for your clarification: GE is a conglomerate. Tata is a conglomerate. A handful of family owned farms is not.

Go with GE if your goal is a top MBA program.

Thank you for your input.

I am not going to argue that my family businesses are on the same scale as GE or Tata however they are much more than a few farms and I would think that the principals of management would be the same regardless. I was just asking which program would better prepare me for entrepreneurism and managing businesses in several different fields. Not to get into my family history or be called a lier because some people don't realize that there could be international posters on this board.

Ge

Are you from indonesia and studying in one of the Big Ten University?

its a sweatshop for shit pay. You will probably hate it.

I was actually wondering for a long time how much FMP interns get paid. Mind sharing that?

FMP interns get paid based on age and experience and depending on business (Capital, Energy etc). Usually first time inter get around 17$/hr and second years get 20$. Also, depending on the business, they'll force rank your project scores and manager evals to decide whether or not you get an offer. This all varies though depending on whom you are working for and where you are working.

They want juniors and they have non-FMP internships for sophomores. Their target schools are different from what BBs look for. Not all of the Ivies - mostly top public schools with a few big-name private schools in the mix. Referrals help big time. Anything above 3.0 should be good enough for an interview. Interviews are not difficult and generally non-technical. GE wants lifers which is why they put so much effort into their leadership/rotational programs and evaluating fit.