Career Opportunities for GE FMP Trainees

The General Electric Financial Management Program (FMP) is a highly competitive and comprehensive development program aimed at providing trainees with a robust understanding of finance and accounting. As a FMP trainee, you will be exposed to a variety of roles and responsibilities within GE's diverse business operations, which range from aviation to healthcare and renewable energy.

Roles and Responsibilities

GE FMP trainees typically work in various roles within the finance and accounting departments, providing support across different GE businesses and sectors. Here are some of the key roles:

Financial Planning and Analysis (FPA)

Financial Planning and Analysis involves budgeting, forecasting, and analyzing financial performance. Trainees will be involved in creating financial models, tracking financial goals, and providing detailed financial reports to senior management.

Accounting

The accounting function includes financial reporting, compliance, and auditing. Trainees will learn to prepare and analyze financial statements, ensure compliance with financial regulations, and conduct internal audits to maintain the highest financial standards.

Treasury

The treasury function focuses on cash management, investments, and financing strategies. Trainees will be involved in managing cash flows, developing investment strategies, and improving the cost of capital through effective financing strategies.

Internal Audit

Internal auditors evaluate risk management processes and financial controls. Trainees will conduct audits to identify risks and improve internal controls, ensuring the integrity of financial processes and compliance with regulatory standards.

Operations Finance

Operations finance supports specific business units with financial insights and decision-making. Trainees will work closely with business leaders to provide financial insights, manage financial risks, and support business strategy development.

Program Structure

The FMP program is structured to provide trainees with a well-rounded experience in finance. It includes rotational assignments and formal classroom training, covering finance, accounting, business, and leadership development.

Over the course of 2 years, trainees will complete 6-month rotational assignments. Each rotation will expose you to different parts of the finance department and GE's business operations. This hands-on experience helps develop a broad understanding of financial management and prepares you for leadership roles.

Location and Rotations

The FMP program is geographically diverse. Depending on your acceptance, you could work in various locations across the globe. For example, if you are in Europe, you may rotate through different countries. In the US, you might work in different states and sectors that are benefiting from the FMP program. You will have the opportunity to work with business leaders and contribute to their needs.

Benefits of the FMP Program

The FMP program is known for its significant benefits, including:

Accelerated career growth: The program provides trainees with the opportunity to take on significant responsibilities and contribute to business results. Global networking: Trainees have the chance to network with peers from around the world, enhancing their professional relationships. Exposure to business leaders: Frequent interactions with senior business leaders provide meaningful insights and mentorship. Continuous learning and development: A focus on education and skill enhancement throughout the program. Culture of excellence: A recognition and reward system that encourages outstanding performance.

The 2-year program consists of a rigorous 6-month rotational assignment program combined with formal classroom training in finance, accounting, business, and leadership development.

Outcomes and Testimonials

Graduates of the FMP program become a talent pool from which future GE finance and business leaders emerge. Many FMP graduates go on to take on leadership roles within GE or pursue other opportunities in the finance sector.

Jeff Bornstein, Senior Vice President and Chief Financial Officer of GE, shares, 'FMP not only introduced me to GE and a career in Finance, it created a network that’s helped me grow over the course of my career. After 100 years, FMP is still the premier experience for college graduates with an interest in Finance.'

The FMP program is a testament to GE's commitment to developing the next generation of financial and business leaders. If you have a passion for finance and a desire to work with some of the world's leading business leaders, the FMP program is an excellent choice for your career development.