Last visit was: 25 Apr 2024, 21:59 It is currently 25 Apr 2024, 21:59

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
avatar
Intern
Intern
Joined: 25 Aug 2010
Posts: 18
Own Kudos [?]: [0]
Given Kudos: 0
Send PM
User avatar
VP
VP
Joined: 09 Dec 2008
Posts: 1221
Own Kudos [?]: 254 [0]
Given Kudos: 17
Concentration: Health Enterprise Management, Marketing, Strategy, Finance, Analytical Consulting, Economics
Schools:Kellogg Class of 2011
Send PM
User avatar
Manager
Manager
Joined: 07 Dec 2008
Posts: 238
Own Kudos [?]: 19 [0]
Given Kudos: 7
Concentration: Finance, Entrepreneurship
GPA: 3.41
Send PM
avatar
Intern
Intern
Joined: 25 Aug 2010
Posts: 18
Own Kudos [?]: [0]
Given Kudos: 0
Send PM
Re: Becoming a Controller at a Company? [#permalink]
Its not that I dislike accounting work, its just that I dislike public accounting work because after a while, it just becomes a glorified sales/schmoozing clients position, which I am not interested in. This is also why I can't see myself as an investment banking MD or to a lesser extent partner at a consulting firm. While I understand that a lot of jobs at the senior levels are relationship-based, I still want that to be a minimal part of my job and strategy/execution/management to be my main responsibilities.

But I digress. If being a controller is like being a public accountant, then I might want to avoid that then. However, the VP of Finance type of position seems to have some duties that seem appealing to me. How would I go about getting those jobs? I don't go to the most prestigious undergrad in the world, so would getting into the rotational programs that someone mentioned earlier basically be a pipe-dream for me, or do they sometimes take state school kids?
User avatar
Manager
Manager
Joined: 07 Dec 2008
Posts: 238
Own Kudos [?]: 19 [0]
Given Kudos: 7
Concentration: Finance, Entrepreneurship
GPA: 3.41
Send PM
Re: Becoming a Controller at a Company? [#permalink]
No, you just have to apply to a Company in hopes of getting in. I have friends who did it and they want to an lesser known state school. You would probably spend quite a lot of time before actually reaching VP of Finance if you spent the entire time in industry. That is why most people take the public accounting route. It cuts years off the time that it would normally take to reach such a position in industry. You would likely be in and out before sales really became part of your job. Either way, just apply to a finance related position/program in a company that you would like to work for. Once in, you can often appy for different positions especially if you show good potential.
User avatar
Senior Manager
Senior Manager
Joined: 13 Aug 2009
Posts: 492
Own Kudos [?]: 84 [0]
Given Kudos: 46
Send PM
Re: Becoming a Controller at a Company? [#permalink]
I'm doing corporate finance role that you are looking into clovin. You can get in directly to those F500 companies or..... you can do a year or two of audit and apply. Having a CPA helps too. You mentioned you hate pure accounting, then a Financial Analyst -> eventual VP of Finance role will suit you. More financial analysis on the company, forecasting/budgeting, and less accounting.
User avatar
Current Student
Joined: 12 Jun 2009
Status:What's your raashee?
Posts: 1675
Own Kudos [?]: 427 [0]
Given Kudos: 52
Location: United States (NC)
Concentration: Strategy, Finance
Schools: UNC (Kenan-Flagler) - Class of 2013
GMAT 1: 720 Q49 V39
WE:Programming (Computer Software)
Send PM
Re: Becoming a Controller at a Company? [#permalink]
Dawgie wrote:
I'm doing corporate finance role that you are looking into clovin. You can get in directly to those F500 companies or..... you can do a year or two of audit and apply. Having a CPA helps too. You mentioned you hate pure accounting, then a Financial Analyst -> eventual VP of Finance role will suit you. More financial analysis on the company, forecasting/budgeting, and less accounting.



do you need a lot of accounting background?
avatar
Intern
Intern
Joined: 25 Aug 2010
Posts: 18
Own Kudos [?]: [0]
Given Kudos: 0
Send PM
Re: Becoming a Controller at a Company? [#permalink]
shaselai wrote:
Dawgie wrote:
I'm doing corporate finance role that you are looking into clovin. You can get in directly to those F500 companies or..... you can do a year or two of audit and apply. Having a CPA helps too. You mentioned you hate pure accounting, then a Financial Analyst -> eventual VP of Finance role will suit you. More financial analysis on the company, forecasting/budgeting, and less accounting.



do you need a lot of accounting background?


My guess is that you'll need a decent amount of accounting and it would behoove you to take at least part of the intermediate series. From what I've heard, taking more than just intro man and fin accounting helps you get jobs because employers know that they are relatively difficult classes, plus being good at understanding the nuances of the statements, the footnotes and whatnot within a company will make you a more attractive candidate. Even if you don't use everything you learn from those classes, it will still be of use in terms of getting the job.

My guess is that some of the other garbage you learn in accounting like tax or advanced auditing and all might be worthless, so its probably best to just focus on taking as much financial accounting as possible. However, it might be best, in retrospect, to let Dawgie or one of the other experts handle this as I'm just a kid still :D
User avatar
Manager
Manager
Joined: 07 Dec 2008
Posts: 238
Own Kudos [?]: 19 [0]
Given Kudos: 7
Concentration: Finance, Entrepreneurship
GPA: 3.41
Send PM
Re: Becoming a Controller at a Company? [#permalink]
Do be honest, you don't need any accounting knowledge, if you have the right connections. :-D

In most cases, a degree in accounting or finance is preferred. I have friends that had degrees in various fields that worked in the corp finance departments of F500 companies. It really depends on the needs of the company and timing. That being said, the accounting degree or finance degree is the same route.
GMAT Club Bot
Re: Becoming a Controller at a Company? [#permalink]
Moderators:
Math Expert
92915 posts
GMAT Tutor
1905 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne