<p>I understand that everybody's goal at top business schools is to major in finance and get a job in ibanking, but what about those who for whatever reason, whether voluntarily or involuntarily, ended up getting jobs in corporate finance at fortune 500 companies instead? Can someone explain what does a career in such a field entail? What are the job duties? Generally, what is the typical career path and what does the typical salary progression look like?</p>
<p>I think you'll have to be a little more specific there buddy. Corporate finance is a pretty broad term and I'm sure each fortune 500 company varies in terms of the job dues and responsibilities. I am assuming you're referring to a financial analyst position in which case you'd probably be assigned to a division of the fortune 500 company and learn how to analyze certain parts of that business etc. You would probably start as an analyst making 45-55k depending where you live and in 2-3 years get promoted to Sr. Analyst. After that you'd probably need either an advanced degree or certification to get promoted to manager but I'd say after 5-7 years you'd make manager. Of course, all this is relative depending on how good you do. Also, the norm these days is to switch jobs a lot so you may move up faster/slower depending on what you do. But I'd say typically you can come out of college making 45-55k in a fortune 500 company as an analyst.</p>
<p>what about after 5-7 years? How much €£¥$?</p>
<p>hard to say, depends on the company. pick a company, company x, and google company x senior financial analyst salary. Then click on the hit from Vault.</p>
<p>just out of curiosity, is it possible to still get some of these F500 jobs with an Econ degree?</p>
<p>^ I'm wondering this same question, because I'm an economics major at Michigan. Most jobs that I've looked at for the fortune 500 companies saying they want finance or accounting majors.</p>
<p>Yes, they do for financial analysis positions. However, if finance is the stronger program at your school, I'd suggest majoring in finance there. Just check out some websites of companies you'd like to work for. Keep a notice on Intel's website, for their summer Financial Analyst Intern program, the reqs were a GPA of 3.0 or above, a major in Finance, Accounting, OR economics. This is just one company. I know at my school intel does not recruit economics majors at career fairs, (b school has their own career fairs) so it's harder for econ v finance. </p>
<p>Try and take a course or two in Finance and accounting so you have some basic understanding. </p>
<p>hope this helps</p>
<p>I'm currently a financial reporting intern with the corporate finance dept. of a major fortune 500 entertainment company.</p>
<p>When recruiting at my school, they accepted econ majors, but what seemed important to them was that the candidates had an accounting background (my school has an accounting minor, but not an accounting or finance major). </p>
<p>The fact that I've taken several accounting courses helped me get this job. And my accounting background is definitely helping me in my job right now.</p>
<p>So my advice to you, take some accounting/finance courses, even if you're an econ major. If you can take enough to be eligible to sit for the CPA exam, even better.</p>
<p>Does it help to have a computing specialization if I want to get an analyst position at a fortune 500 tech firm like google or apple for instance?</p>
<p>
[quote]
Does it help to have a computing specialization if I want to get an analyst position at a fortune 500 tech firm like google or apple for instance?
[/quote]
</p>
<p>If you're talking about a financial analyst position, a spec. in computing won't hurt, but I don't think it will be necessary. For example, I work at an entertainment company, but I don't have a minor in Film/TV. </p>
<p>But if you're thinking about branching out from the finance dept. into the tech dept., then you probably should pursue the computing specialization. </p>
<p>If you can fit it into your schedule, then I would suggest taking the computing specialization anyway just so it will give you more options. (Don't do this if you think it will lower your gpa)</p>
<p>Sorry. What do you mean by "branching out from the finance to tech dept?" Do you mean it's possible to hop departments once I get in?</p>
<p>Also, instead of "computing," I would like to denote it as "specialization in computer science." Do you think that's allowed? I think it sounds more professional :p</p>
<p>
[quote]
Also, instead of "computing," I would like to denote it as "specialization in computer science." Do you think that's allowed?
[/quote]
</p>
<p>You might want to ask a counselor about that.</p>
<p>Yes I think it's possible to hop departments, as long as you have some sort of background in the field that you are hopping into.</p>