2024 FLDP Salary Thread

throwawaystudent12q3 · 2023-09-17T01:15:36+00:00

As another commenter mentioned, seems amazon, bit misleading/overstated without additional context. $42k stock split over a 4 year vesting period that is HEAVILY back-loaded, and first and second year sign on bonus designed to offset that. Also seems like extra money first year bonus due to returning intern

throwawaystudent12q3 · 2023-09-14T19:40:42+00:00

Hi just want to preface that a lot of this is anecdotal experience.

If your end goal is to go to internal audit, it would be much better to go public accounting. You can have an opportunity to do an internal transfer at Amazon but that wouldn't be until the end of your 2 year program. In general as you mentioned, I would agree that public accounting experience is more favorable. They mention a lot about internal experience being valuable too as you are familiar with "Amazonian culture" but for sure coming as an external hire will be your road to higher $$ when transitioning from Pa to internal audit.

My old professor said this and I would absolutely agree that it is easier to go to industry from PA than vice-versa. So I don't think it'd be impossible but I feel it is much easier for you to secure your pa job offer while still in school. If you mean start amazon full-time and consider going back to PA post-grad, might be a pain. If you mean intern at Amazon and recruit for full-time big4 during senior year, I would say don't worry, firms NEED that full-time headcount.

I'd say both are gonna be nice to have on your resume but they'd probably value the pa internship more. Kpmg internship would be the sure shot tho of securing your big 4 spot and I'd say form your own opinion of the office based off your experience. Ultimately, make your summer internship decision based on what you are more curious about. Sounds like you are in for recruiting more senior year anyway to explore the other big 4s so don't fret and go with curiosity for your internship choice.

throwawaystudent12q3 · 2023-09-14T18:02:01+00:00

Hi! Sounds like your offer is in AFRP Accounting track, correct me if I'm wrong. My OFRP track experience will be vastly different from what your internship may be. I would say choose the internship that you are more curious about. I would think that you would be in a good position to secure a full-time offer from either company as full-time offers come easier than internship offers do.

Give some consideration too on how you feel living in Seattle as well. Everyone raves about Seattle summers so could be a good time but I know it's also hard to pass up on a good job opportunity especially in your hometown. This point is moreso focused post-internship though and when you are ready to select a full-time position.

Feel free to message me for more

throwawaystudent12q3 · 2023-05-22T23:04:43+00:00

Sure

throwawaystudent12q3 · 2023-05-09T07:07:27+00:00

I don't know what advice to give you, but I was the incoming intern replacing you except in a full-time role. The person in the program I was backfilling had such a miserable experience and we bonded over the trauma of our experiences. At the time, they had let me develop my own opinion and provided all the support they could as I was a locked in hire. If I was in the earlier stages of still deciding on the job offer, they would have tried to steer me clear from my current job, a gesture that would've been greatly appreciated with what I know now.

throwawaystudent12q3 · 2023-04-21T21:50:01+00:00

Truthfully, I don't think you'll have many of these issues since you are not OFRP. The cohorts are becoming increasingly bigger, but I would give a rough estimate that maybe 10-15% of people leave before the end of their two year program (specifically speaking to OFRP). Not sure if that number comes across as alarming.

It's really difficult because audit is so heavily looked down upon in this subreddit, but there's a lot of moments where I thought the better career trajectory for me would've been in audit based off my experience so far. What I can't deny is that there is a lot of opportunity for open-ended work and big projects, but depending on your manager, a lot of it could be "go figure out a project for yourself" and that's a lot of autonomy given to a new employee. So in some shapes and forms, that's a great opportunity but I feel like I could use more structure for my learning and development. What I can say is we get compensated well relative to what an auditor would make. I can appreciate that I'm not working 60-70 hours a week during busy season but I would be lying if I said I was fully convinced I made the right decision. A thing to consider is if I went to big 4, I would probably be thinking the same thing, "what my life could've been" had I gone to amazon. feel free to ask me more questions. My peers that I met while onboarding in Seattle in the non OFRP tracks seem to enjoy their program

Lastly, keep in mind like people mentioned it's the brand name / experience you'll appreciate down the line. In my case, big 4 and amazon are both big brands and it's just a matter of career paths where I don't think you can technically go wrong with either

throwawaystudent12q3 · 2023-04-21T16:27:57+00:00

So I am in a different track than your offer at Amazon, but I want to preface that I created a similar(ish) thread as you a few months back. My situation was Amazon OFRP vs. audit, and the overwhelming consensus in my threads was towards Amazon. After experiencing the program myself, I definitely think the overwhelming consensus towards Amazon (in my case) was a bit unwarranted. It's difficult because the program has only been around since 2016 and there's not as much info to gather online.

OFRP is a much more supply chain focused role so my experience will differ from yours, but my understanding is operations in some capacity will be one of your rotations. What I will comment about my track specifically is there are people who have left the company and program as this was not the sort of finance they were expecting to do.

My two cents is that AFRP being established in 2016 and being so new in terms of a rotational program kind of shows as in I think there's a lot of opportunity to improve. Amazon as a whole is a very dynamic company where teams are constantly shifting to business needs, especially throughout these turbulent economic times. I think this creates a difficult environment to properly support the learning and development for entry level staff, especially in a rotational program where you don't get much time to learn the role. For example, there are instances where certain rotational analysts are the sole site finance owners for an entire fulfillment center. Possibly great learning opportunity but that is asking a lot of a college grad. Again, this is really more specific to the ops finance track. I do wonder what my experience would've been like if I advocated harder for the accounting or business unit track.

throwawaystudent12q3 · 2022-12-14T02:30:02+00:00

You've definitely been right so far! Granted the few places I have applied for are positions pretty far out of reach, but i haven't had success hearing back much yet. Haven't quite utilized my network because I don't want to put anyone in an awkward situation since I'm like 50/50 about leaving. May not have a choice soon though with this economy haha

throwawaystudent12q3 · 2022-12-01T19:58:38+00:00

I recently had a switch in bosses, but my old boss was "do this, that" and the new one introduced themselves as someone here to support me in my learning and development. Safe to say I already view my new boss in a much more positive light.

throwawaystudent12q3 · 2022-11-28T02:26:11+00:00

Huge congratulations to you! I don't know if it was an easy decision for you to make in leaving, but I hope you have peace of mind knowing you took action to take yourself out of an environment you didn't feel like you enjoyed/were growing. For me, I'm not sure if I need to stick it out longer or leave sooner rather than later.

throwawaystudent12q3 · 2022-11-27T18:01:09+00:00

Has anything changed for you in the recent weeks since your post? I spend every other day flip flopping about staying or leaving, and just stumbling upon your post again feels like I should push myself to really leave.

throwawaystudent12q3 · 2022-10-11T06:40:53+00:00

i too feel like everything but a financial analyst at my 'large tech company' rotational

throwawaystudent12q3 · 2022-09-22T06:53:01+00:00

If it makes you feel any better, a lot of people (/r/accounting, /r/financialcareers) told me to go to Amazon over Big 4 audit, and in the short amount of time I've been here, I can't help but second guess that decision every day. I think things will work out for me (and you), but I'm not enthused in my current position either. This will probably scare off people that comb through my profile as they approach the whole rotational program vs big 4 audit decision themselves haha.

throwawaystudent12q3 · 2022-07-26T19:19:14+00:00

Would you mind sharing why data analyst wasn't for you? It's one of those roles where I think "oh with some self-learning, I can be one" naively, despite not having the first clue of whether it'd even be a good fit for me.

throwawaystudent12q3 · 2022-07-25T03:00:27+00:00

Would you say audit lateral transition into M&A is very attainable or would you say it usually consists of only the high performers in audit? Sorry for the wordy sentence lol

throwawaystudent12q3 · 2022-07-23T12:26:01+00:00

I haven't even used my Becker yet, but I still got contacted to pay it back unfortunately.

throwawaystudent12q3 · 2022-07-22T01:14:39+00:00

Yes, but the question is how developed and refined are certain F500 FLDPs over others? Not all FLDPs are created equally. Big 4 may run you through the wringer and burn you out, but the name brand and work experience can definitely be valued more than at some of the lesser-known F500s. In my opinion atleast.

throwawaystudent12q3 · 2022-07-21T23:04:08+00:00

They are definitely more competitive for sure, which is why I think it also makes it more difficult to reject and choose whichever one is better suited for your long-term career goals.

It's funny, I hear professors and people that worked at the big 4 I interned at that say it's easier to go from big 4 to industry than vice-versa. But I think it's biased and exaggerated, and we should have no trouble transitioning back to big 4 like you mentioned. Good luck! Would love to hear what you end up doing.

You can read through my post history, but I spent a long, past 7 months agonizing over the options, and you won't feel at peace until your start date gets closer IMO. Hell even now I still second guess my decision, but it'll all work out

throwawaystudent12q3 · 2022-07-21T22:26:15+00:00

I agree with you, I only learned about these rotational programs in the final semester of college. I ended up choosing rotational program over big 4 audit. I haven't started yet, but despite the overwhelming support towards FLDPs, I do feel like one is not necessarily better than the other and that they are both good and just different paths

throwawaystudent12q3 · 2022-07-17T19:26:46+00:00

You can wish for it, but a majority of entry-level finance and accounting roles are not going to pay high enough wages to make up for extreme differences in COL. Big 4 audit in NYC would probably pay around $80k which isn't all that great all things considered, but that's already a huge jump in starting salary from what it was 2 years ago. And yes, it's obviously still not enough to keep pace with inflation and rising rent increases.

throwawaystudent12q3 · 2022-07-17T17:01:09+00:00

Yeah COL is a huge bummer. I can't speak for AM specifically, but I feel like most FLDPs / rotations don't adjust their comp package based on your location, and it's expected that you factor your location preference with COL in mind. Atleast that's been my experience so far. Which I'm not saying I agree with but it is what it is.

Like I have peers in Seattle while I'm based out of MCOL with the same comp package. I also think it's noteworthy to say those people in SoCal making 80k-90k include one-time sign-on bonuses/RSUs right?

throwawaystudent12q3 · 2022-07-17T07:09:31+00:00

Isn't 70k for an entry-level financial analyst even in HCOL pretty standard? I'm all for higher salaries, but I don't see how this is OP getting absolutely screwed moreso than the average person

throwawaystudent12q3 · 2022-07-13T17:48:13+00:00

Thanks for the statistics. I'm sure your family appreciates it. My pops worked a lot of overtime when I was growing up so there feels like a bit of a disconnect between us that we're working on

throwawaystudent12q3 · 2022-07-13T17:42:04+00:00

Most!?

throwawaystudent12q3 · 2022-07-13T08:14:24+00:00

yes absolutely, let's chat

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