What industry do you want...there is a huge difference in lifestyle, work you will do, background preferences, etc. Then within industry programs range greatly in terms of program size, pay, career path, etc. I know of programs that range from 1-2 people a year in 1-3billion dollar a year companies to 150ish at GE. Some huge companies have multiple GM programs for different business units, like Chevron has 3 or 4 GM then a few more finance focused ones. I have a friend who was in Midland over the summer and doesn't plan on going back because he said it is a horribly boring place to be. So it sounds like either you need to have family in the area and love it there or be completely career focused or you will be miserable there.
Rotational programs often have “executive” sponsors and you may end up working directly under them. For example an alum who just finished a rotational program I am interviewing for, she is now working as the assistant to the CEO...so she is the right hand person day to day for the CEO of a fortune 200 company. Of course not every person gets that chance but it happens at some programs.
Diversified industries can be tough on you, especially if you are doing rotations in multiple locations every 6 months. Then if you get promoted you might be moving plant to plant. Most of the jobs start outside of HQ so you probably will be in less desirable areas or maybe on the distant outskirts of a city. There are some great tech programs, like Intel, Symantec, etc....but a lot of the tech ones are more marketing or more product management focused than pure GM though.
Some consumer goods (CPG, durables, etc), heavy equipment, defense, bio/pharma, healthcare goods, airlines, automakers, mining, utilities, telecoms, oil & gas, retail, heck even catalog companies all have programs. First you need to pick an industry or at the least locations you want. Chances are if you pick an industry there will be some sort of programs, determine which of those are a fit for what you want to do, and which are more finance, operations or marketing focused. Then work at connecting with the companies that are a fit.
I know personally I have found some opportunities that are outside the box, not really where my background and recruiting focus has been...but I would love to do. They may not pay as well but they probably would be more enjoyable on a personal level. There is a lot to be said about personal satisfaction and being motivated by more than compensation and promotions.
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Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.