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Hello Guyss!!,
YOE: 5.2
Tech Stack: React.js, Typescript (Frontend Dev)
Wells Fargo => 24L (fixed) + 1.8L ( variable) + 2L (JB)
Publicis Sapient => 22L (negotiable) (Senior Associate L1)
Please advice better one for me to join considering perks and benefits and career growth. I know WLB is better at Wells.
TIA
Annoyed with the number of calls today! 😾
Chief
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Friday count down... 3
What to wear for the EY holiday party tomorrow?
Utilization rate this time of year?
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AAS to FDD doesn’t make sense, that’s a lateral move IMO
I agree that it’d be a lateral move, but wasn’t able to secure a FDD offer.
tl;dr - If you like finance more than accounting, take the Amazon AFRP internship. If you like super technical accounting, take the AAS internship.
AAS is accounting advisory. It's all about intrepreting and implementing new accounting standards, or guiding a business that wants change its structure (ex: Business is going to IPO and AAS makes sure contracts are aligned with ASC 606 standards). This is very technical and niche accounting. AAS and FDD are very different departments and there won't be overlap in work. Any work that's too technical for FDD will be sourced to AAS.
FDD is looking at the historical accounting for companies looking to be bought/sold and preparing QoE (adjusted income statement) and NWC (adjusted balance sheet) reports. The IS and BS are adjusted by FDD to show the "operating performance" of the company. This can be normalizing (averaging) expenses, reporting expenses on a cash-basis rather than GAAP basis, removing one-time lawsuit expenses, etc and the related impacts on the BS. It's Auditing 2.0, as most internally recruited associates at Big 4 come over from audit.
FP&A/Corp Fin. I don't have a solid view of these functions, but FP&A generates lots of reports (routine reporting for month end/quarter end/year end etc) which flow into FDD work. And Corp Fin is working on the M&A activities of a company from a deal's start to finish, so working closely with FDD and investment bankers.
I don't know enough about AFRP, but if you're interested in the finance rotation rather than the accounting one, you can:
1) See if Amazon can move you over before the program starts. Explain that you're more interested in the finance track because you've talked to accountants and finance analysts on LinkedIn etc (do this to better understand the accounting and finance tracks and how they differ) and have a better understanding of the day-to-day; the finance track lines up better with your long term interests.
2) Network with the finance professionals during the AFRP rotations and explain to them that you want to understand the finance side more, because you think it's a better fit. Talk to people in the fin rotation and their supervisors to try and move into the finance track.
If you’re in school why not try to intern FDD straight up?
Was targeting FDD but only was able to manage an AAS offer; was thinking about perhaps asking to start in FDD full time as both AAS and FDD are deals related but unsure on the feasibility.
Chief
Finance rotation at a company like Amazon sounds like the GE program. People from target IB schools have gone that route is that what you’re talking about or more normal accounting