Moving to NYC, FP&A/Corporate Finance (2024)

VeloceMoto

New member

Joined: Aug 12, 2004

Location: South America

Moto(s): Fixed Gear

Nov 18, 2009

After a year of vacation and some traveling, I'm buying a one way plane ticket to establish a life in New York City. I've tried conducting a job search from here on the west coast, but the online job boards are really only so useful and most of my contacts and former colleagues are here on the west coast. With budgets tight and relo packages scarce, there's no replacement for actually a living there. Besides, does anyone really get hired on Monster.com?

My most recent role was as an FP&A financial analyst for a large Fortune 500 company managing the budgets and planning for a $200M division. (I can send you more details in a PM.)

I'll likely be leaving in the next two weeks. If you have a friend or relative in NYC that you can put me in touch with, (either in corporate finance or banking) I would be most appreciative. Not expecting help with job prospects, but rather someone to meet for an "informational interview". It would be nice to discuss with someone their thoughts about New York, finance and get a new perspective on the field and perhaps other career paths.

Thanks!

catch2otwo

Active member

Joined: Feb 1, 2009

Location: Vacaville CA

Moto(s): Multi

Name: Cedric

Nov 18, 2009

I have a cousin working in nyc in finance, i sent him a message. good luck with the move, i just did the same just from boston to here. exciting and nerve racking for sure

VeloceMoto

New member

Joined: Aug 12, 2004

Location: South America

Moto(s): Fixed Gear

Nov 18, 2009

catch2otwo said:
I have a cousin working in nyc in finance, i sent him a message. good luck with the move, i just did the same just from boston to here. exciting and nerve racking for sure
Click to expand...

Fantastic! PM sent.

VeloceMoto

New member

Joined: Aug 12, 2004

Location: South America

Moto(s): Fixed Gear

Dec 1, 2009

I made it! Arrived three days ago and have been apartment hunting. This place is great... I should have moved here long ago.

On a positive note, the buzz seems to be that corporations are starting to open up the pipelines a bit and hiring again.

The race begins!

slowpoke

Well-known member

Joined: Jun 25, 2002

Location: IN A TRAILER DOWN BY THE RIVER!...

Moto(s): Crash into trees...

Name: Asian Dan

BARF perks: AMA #: 1102172

Dec 2, 2009

good luck!

Krooklyn

Usual Suspect

Joined: Feb 10, 2008

Location: San Jose

Moto(s): NC35, Tuono V4

Dec 8, 2009

VeloceMoto said:
I made it! Arrived three days ago and have been apartment hunting. This place is great... I should have moved here long ago.
On a positive note, the buzz seems to be that corporations are starting to open up the pipelines a bit and hiring again.
The race begins!
Click to expand...

It's funny that you're moving to NYC, while I'm trying to move to LA. I have a friend who's in Asset Mgmt and maybe able to give you some pointers. PM me and I'll put you in touch with him.

VeloceMoto

New member

Joined: Aug 12, 2004

Location: South America

Moto(s): Fixed Gear

Dec 9, 2009

PM sent!

Thanks for the encouragement guys!

mschop

New member

Joined: Aug 29, 2005

Location: Los Altos

Moto(s): Ninja 250

Name: Mark

Dec 20, 2009

Not sure if this is the same banking but I am in ibanking. PM me if you want some guidance.

Volcomism

Roboca*wk

Joined: Dec 19, 2003

Location: Switzerland

Moto(s): Sold them all. But shopping for a R1250GS

Name: Anthony

Dec 20, 2009

Hey OP, keep me in the loop how you like NYC. I'm tempted to move there in 2011.

VeloceMoto

New member

Joined: Aug 12, 2004

Location: South America

Moto(s): Fixed Gear

Dec 21, 2009

mschop said:
Not sure if this is the same banking but I am in ibanking. PM me if you want some guidance.
Click to expand...

IB is different but I wouldn't mind hearing a new perspective. Are you here in NYC? I'll send you a PM. Thanks!

VeloceMoto

New member

Joined: Aug 12, 2004

Location: South America

Moto(s): Fixed Gear

Dec 21, 2009

Volcomism said:
Hey OP, keep me in the loop how you like NYC. I'm tempted to move there in 2011.
Click to expand...

I've been here for 3 weeks now and it has been awesome. Some general thoughts:

The weather (see the news yesterday?) could be considered harsh by some, but it doesn't bother me. I even like it. Overall NYC can be horrendously expensive (food/housing) but there are deals to be had if you look carefully. I just scored a apartment. My share of the rent in Manhattan (I have two roommates) could buy me a 3bd/2ba in middle America. I found a great supermarket right near my apt; prices are not significantly different than San Francisco, or even Sacramento for that matter. That said, 99% of supermarkets in Manhattan are really expensive. Found a bar that does 25-cent chicken wings on Mondays (10x better than Hooters). Falafel guy in Brooklyn a couple of train stops away serves up delicious falafels for $3. On the flipside, if you want to spend big bucks, there are plenty of opportunities to do so; but everyone knows that, it's a world-class city. There are tons of things to do and see and explore. When I lived in SF, I would occasionally hear the comparison "SF is like a small New York". WRONG. Not even close. SF is like a village. I love SF but the scale and sheer enormity of NYC is incredible. If you don't like the urban lifestyle, you'll hate it, if you do, you'll love it. I love it.

There's your wall of text.

Feel free to hit me up anytime for info. My knowledge is growing daily.

Last edited: Dec 21, 2009

Volcomism

Roboca*wk

Joined: Dec 19, 2003

Location: Switzerland

Moto(s): Sold them all. But shopping for a R1250GS

Name: Anthony

Dec 21, 2009

Awesome, I'll definitely hit you up when questions arise. My girl just came back from living there, and tells me all about it. I'm not moving for quite a while (2011 at the earliest), but I figure I'll start asking questions now rather than reading touristy forums, just in case a career opportunity arises in that area. Let me know how commuting is and how you like it.

VeloceMoto

New member

Joined: Aug 12, 2004

Location: South America

Moto(s): Fixed Gear

Dec 21, 2009

Volcomism said:
Awesome, I'll definitely hit you up when questions arise. My girl just came back from living there, and tells me all about it. I'm not moving for quite a while (2011 at the earliest), but I figure I'll start asking questions now rather than reading touristy forums, just in case a career opportunity arises in that area. Let me know how commuting is and how you like it.
Click to expand...

Great! Anytime.

I don't have a job yet, so I can't comment on the commute, but I'm in a very central location in Manhattan so it'll likely be less than 20 minutes.

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Moving to NYC, FP&A/Corporate Finance (2024)

FAQs

How to answer why corporate finance? ›

Most websites, books, and other resources recommend generic answers:

You want to learn a lot.
You're interested in corporate finance.
You like a fast-paced environment.
You've always done well in finance/accounting classes.
You want to work with smart and motivated people.

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Is FP&A hard to break into? ›

Breaking into the field of FP&A can be challenging, especially for those without prior experience. FP&A roles are highly analytical and require a solid understanding of finance, accounting, and business operations.

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Is FP&A part of corporate finance? ›

FP&A stands for “Financial Planning and Analysis”. The FP&A group in corporate finance refers to the function within a company's organizational structure that provides senior management with a forecast of the company's profit and loss (income statement) and operating performance for the upcoming quarter and year.

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How to pass an interview at FP&A? ›

To prepare for an FP&A role:

Research the company and its industry.
Stay updated on market trends.
Review key financial concepts and technical skills.
Reflect on your past experiences.
Practice with mock interviews.
Be ready to discuss how you can contribute to the company's financial strategies.

Aug 13, 2024

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What are the three important questions of corporate finance? ›

Corporate finance has three main areas: capital budgeting, capital financing, and working capital management. Capital budgeting is the process of prioritizing funds toward the most profitable projects. Capital financing is determining how a company's investments and endeavors will be financed.

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Why would someone want to work in corporate finance? ›

A few of the perks of working in corporate finance are that you get the chance to develop good teamwork skills, since finance professionals generally work in teams. You also get to travel and meet people, and the pay is pretty good. A financial analyst can make $44,000 to $72,000 a year.

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What is the highest salary in FP&A? ›

Although average base salaries can vary by industry and organization, FP&A roles are generally high-paying. The average salary for an FP&A analyst—the most junior-level role—is still $70,506 per year, and can scale to $200,000 per year at the director or VP level—sometimes even higher!

Can FP&A lead to CFO? ›

Many FP&A professionals possess the foundational skills necessary for the CFO role, given their forecasting and strategic financial planning expertise. This forward-looking perspective aligns well with the CFO's focus on guiding future financial paths rather than merely reviewing past data.

How to break into corporate finance? ›

While there is no single path to enter into the field of corporate finance, previous experience is generally required. This is why many applicants will first begin by qualifying as an accountant, working in investment banking or equity research before transferring over.

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Is FP&A tough? ›

FP&A senior management will typically have the toughest and most stressful position on the team. However, each member of the FP&A team is well compensated, which can make those stressful periods easier to manage.

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What makes a great FP&A leader? ›

FP&A leaders need to be able to listen to their team, understand their goals, and provide direction and guidance. They also need to be able to create a productive and positive work environment. In order to do this, FP&A leaders need to have excellent communication and interpersonal skills.

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What does a good FP&A team look like? ›

Building an FP&A department involves hiring skilled professionals, implementing robust financial software, and establishing clear processes for budgeting, forecasting, and reporting. Training and continuous development are crucial to ensure the team stays updated with best practices and industry trends.

Why do you want to work for our company finance? ›

Why do you want to work for our company in this Finance job role? “I am looking for long-term employment with an organization that has ambitious plans for the future, and also one that has a team of passionate people who all want to work to high standards.

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How to answer the question why are you interested in finance? ›

How to answer the interview question "Why do you want to work in finance?"

Focus on your passions and professional goals. ...
Evaluate your financial skills and proficiencies. ...
Research the employer and the job position you're pursuing. ...
Use previous experiences in your explanation. ...
Answer the question honestly.

Feb 12, 2024

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Why is it important to study corporate finance? ›

The Importance of Corporate Finance

It involves determining how to allocate the funds appropriately to help a company achieve its goals. Corporate finance is a broad subject comprised of many topics, including capital structure, capital financing, risk management, capital budgeting, and the time value of money.

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Why did I choose finance as my major? ›

1. Lucrative Career Opportunities. With the global economy perpetually evolving, financial experts are in high demand across various industries. A finance major opens doors to an array of lucrative career opportunities, such as financial analysts, investment bankers, financial managers, and personal financial advisors.

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