Title: GE Overview
1GE Overview
- Paul Bresnehan
- Kristin Kanter
- Nate Bousquet
- February 4, 2009
2Agenda
- Company overview
- FMP program
- Internship opportunities
- Deadlines process
- QA
3GE strategic framework
-
- Be the best global company
- Lead in technology and content
- Create valuable customer relationships
- Develop the best people
- Financial strength
-
How We Win
Who We Are
Solving the worlds toughest challengestogether
Always With Unyielding Integrity
4GEs portfolio
- Solving the worlds toughest challengestogether
- 4 businesses operating in 100 countries,
323,000 employees 125 years - 2008 revenue of 183 billion
EnergyInfrastructure
Technology Infrastructure
CapitalFinance
NBCUniversal
- Energy
- Oil Gas
- Water Process Technologies
- Aviation
- Enterprise Solutions
- Healthcare
- Transportation
- Commercial Finance
- Energy Financial Services
- Aviation Financial Services
- GE Money
- Treasury
- Cable
- Film
- International
- Broadcast
- Sports Olympics
Note Excludes CI segment, Corporate items
eliminations
5GE long-term performance
Average growth 10 to 07
( in billions)
Total Company net earnings
?20
17.3
Recession
Recession
V
Company
United Tech. 15 CAT 5 Disney 1 Siemens (20 ) Ame
rican Express (30 ) Bank of America
(85) Average (20)
5-year
10-year
15-year
Revenues 12 6 8 Earnings 2 6 8 Cash
flow 10 7 9
08 peerperformance
- Strong historical performance
- Tough financial environment
6Finance mission
Partners in building shareowner value
throughintegrity, technical excellence, and
leadership
- Leadership FMP, CAS, EFLP coaching,
development, retention, career paths - Business partners Drive growth initiatives lead
operational excellence - Simplification Reduce complexity everywhere
commitment to lean - Controllership Company-wide recommitment
rigorous and sustainable
F O CUS
Best finance team in the world!
7Financial Management Program
- Entry level finance program since 1919
- 90 year history /13,000 FMP Graduates
- Top university talent
- Six-month rotational assignments
- Four technical courses/Lean Six Sigma training
- Mentoring and exposure to senior leaders
- Current demographics
- 47 U.S. / 53 non-U.S.
- Male 58 / Female 42
- 31 minority in U.S.
- - 19 Asian / 8 AA / 4 Hisp
Every GE business
36 countries
Program size 2008 North America 323Europe 155
Asia-Pacific 166 Latin America 12
Total 656
- Placement 2008
- CAS 33
- Finance 49
- Cross-functional 18
Placements 315
8FMP Internships
- Project-oriented work assignments, 10-12 weeks
in length - Hands-on experience with Finance team
- Exposure to Strategic initiatives
Basic Fundamentals
- Mentoring networking
- FMP/Manager outings, job shadowing
- Continuous feedback
- Midterm Final appraisals during internship
- Opportunity to interview for FMP at end of
internship
Learn Grow
- Exposure to senior leaders
- Roundtable discussions
- Corporate Citizenship
- Intern community service project
- Affinity Groups
- - African American Forum, Asian Pacific
Forum,Hispanic Forum, Womens Network
Network
Network
- Paid internships with housing allowance
- Challenging roles with great support network
9Summer Intern examples - UMass
- Kristin Kanter (SOM/07)
- Commercial Finance (Capital Solutions) Danbury,
CT - Financial Planning Analysis
- Operations Worked on a COE Startup completed a
buy vs. lease analysis and cost/benefit analysis - Finance Managed a liquidation portfolio of bad
assets - Marketing Created a Sales Incentive Compensation
model for the Capital Solutions Inside Sales COE - Other rotations Controllership (Scottsdale, AZ),
FPA (Danbury, CT), Pricing (Danbury, CT) - Nate Bousquet (SOM/08)
- Consumer Industrial (Appliances) Louisville,
KY- summer 2006 - Product Finance-Financial Analyst
- Developed product line profitability model for
420MM Monogram brand - GE Capital (GECAS Transportation Finance)
Stamford, CT- summer 2007 - Transportation Financial Services FPA Analyst
- Developed TL reporting tool and automated ELTO
model for CFO
Key members of business team
10Were looking for
Academic excellence with financial or
quantitative interest/competency
Demonstrated leadership ability and initiative
Strong communication, interpersonal,
influencing skills
Relevant work experience, analytical, IT skills
Flexible, adaptable, and geographically mobile
Were not looking for people who want a job
Were looking for leaders who want a career.
Peter Mondani, Manager Financial Leadership
Development and HR
11Selection process
2-step process for GE and the candidate
Step 1 campus screening
Resume pre-screen
Campus interviews
Myinvolvement ends
TONIGHT at midnight
eRecruitingDeadline Feb 4th
At Isenbergon Mon. Feb 9th
Step 2 business interview
Student acceptance
Business offer
Business makes contact
Business Phone interview
April
March
Late March/ Early April
Businesstakes over
If youre interested haventapplied, please do
so ASAP
12To wrap up GE
- GE is a huge but small company
- Impressive financial results long term
stability - Great place to start your career
- 2 years of on the job / class room training
- Establish peer network meet new friends
- Experience different environments
- Learn how to be successful in real world
Internship is great opportunity
13To wrap up Personal
- How did UMass prepare me for real job?
- UMass provides great starting point
- Fosters independence creates self starters
- Builds confidence to succeed in GE culture
- What company / program is right for me?
- Do your research talk to alumni, friends, co-op
fairs, events, etc. - Fit who does your personality suit?
Mine/others? Formal/informal? - Nuances big/small company? Locations? (GE
flexibility) - Accounting majors Do I really want the Big
4/CPA path? - Career path clear road for diverse
opportunities/advancement? - Question
- Would I be able to stay with 1 company for 13
years, travel the world,meet lots of interesting
people, been expertly trained, consistentlychalle
nged still have great opportunities ahead? Is
this what you want?
14Key dates other things to note
- Wed, Feb 4 Deadline for Applying thru eRecruiting
- Mon, Feb 9 On Campus Interviews at SOM
- Internships Start June, end Mid August
- Locations Various US (try to accommodate needs)
- Paid Dont expect you to do this for free
- Housing Supplied/paid for
- Goal Identify great candidates for full time
FMPprogram after head start with Summer
Internship - Fall 09 Back Oct for Full Time FMP Effort
15gecareers.com/campusinterview
16GE Energy Infrastructure
Employees 65,500
Full suite of energy technologies
17GE Technology Infrastructure
Employees 117,000
Aviation
Enterprise Solutions
Healthcare
Transportation
- HQ Cincinnati, OH
- Employees 38,900
- 08 revenue 19.2B
- Aircraft engines,services avionics
- HQ Albany, NY
- Employees 16,100
- 08 revenue 4.7B
- Controls/sensors,security products
- HQ United Kingdom
- Employees 50,100
- 08 revenue 17.4B
- Full range of industryequipment services
- HQ Erie, PA
- Employees 11,400
- 08 revenue 5.0B
- Locomotives andrelated services
Leading global platforms
18NBC Universal
Employees 14,200
Parks
Leading media enterprise
19GE Capital Finance
Employees 73,400
Commercial Lending Leasing
Energy Financial Services
GECAS
GE Money
Real Estate
Middle market lending leasing
Financing for energy water industries
Commercial aircraft leasing financing
Consumer retail financing
Debt equity financing for commercial real estate
08 revenue 4.9B
08 revenue 25.0B
08 revenue 6.6B
08 revenue 3.7B
08 revenue 26.7B
Deep domain expertise strong risk management