2. Best Buy Finance Career Opportunities Visit the Best Buy Finance Blog to learn more about our company, our team and our community…interact with us! Review the Finance MBA Recruiting Presentation on the blog This presentation is a supplement to that presentation focusing on our internship program View the Finance Video on the blog to learn more about our function
3. What Areas Will I Work In? Business Analysis Internal consulting team focused on evaluating new growth opportunities Business Team Finance Working on a Finance team supporting a product category (e.g. TV, Computing, MP3) Working on a Finance team supporting a functional area (e.g. Marketing, Properties, Supply Chain, Retail) Financial Planning & Analysis Working on and FP&A team at the domestic, international or enterprise level Specialty Areas – limited roles Treasury, BBY Capital
4. What is the Business Analysis Team? The Business Analysis team supports our Enterprise growth strategies by providing analytical support to enhance current operational efficiency, and to identify and leverage strategic growth opportunities. The role will have responsibility for: Taking a lead role in business case development that delivers significant economic value to the Enterprise. This will include market analysis, competitive positioning, financial viability, and ensuring strategic fit within our brand and capabilities. Supporting business initiatives across multiple functions at all levels within the Domestic and International organizations and will work either independently or within a small team to quickly address opportunities. Presenting actionable recommendations to Sr. Management that materially impact the Enterprise's value to shareholders
5. What is Business Team Finance? The Senior Financial Analyst will be a key business partner within an Product Group or Capability Group and will be empowered to drive results and power decisions. The role will focus on three areas: Continuous Business Enhancement & Optimization Partner with the Business Teams to create top & bottom line value through key driver evaluation and optimization Deliver insights and recommendations that influence and optimize business performance Evaluation and development of new business opportunities Partner with the Business Team to bring a financial lens to ideation, modeling, negotiation, implementation, and analysis of new business ideas Strategic “CFO” Support Capabilities Explain business results, including key drivers. Identify risks and opportunities and provide analysis and insights to mitigate risks and maximize opportunities Understand value creation levers and provide a perspective on strategic value creation Teach business and financial acumen to business partners
6. What is FP&A? As an SFA on the Enterprise, International or Domestic FP&A team, you will play a critical role in the forecasting and planning processes. In this role you will be responsible for: Leading both short & long-term forecasting & planning activities Working with business leaders to analyze key assumptions & drivers of performance Translating results into forward looking perspectives; providing appropriate risk & opportunity assessments Distilling down & effectively framing up information for leadership to make timely actions & trade-off decisions Partnering & communicating with broad networks of contributors to understand business outlook Bringing in external perspectives to shape forward-looking scenarios & help to define ranges of success Projecting financial & business impact of various business strategies under consideration
7. What Will I Do? You will work on real live projects – not “closet” projects You will be part of a Finance Team and will interact as if you’re an actual employee We will expect you to engage on Day 1 and deliver actual outcomes and results during your internship – just like a regular employee You will experience Best Buy – also just like a regular employee – you will be engaged in meetings, partner with cross functional team members, have to build a network and drive results, etc. You will have the chance to learn about Best Buy through lunch and learns, executive meet and greets (Finance and non-Finance), Best Buy intern activities (e.g. Twins game, boat cruise), and Twin Cities intern activities (network with interns at other Twin Cities companies
8. What Are You Looking For? The same qualities for full time employment Passion for our customers—and the undeniable role that our employees play in serving them Strong business acumen—interested in understanding the underlying business model (in total or in a specific project) Partnership mentality—curiosity to learn and to teach Innate financial acumen—with the wherewithal to integrate that skill cross-functionally Willingness to fight for the things that are worth fighting for—you need to have an opinion An appetite for change—we aren’t building airplanes
9. The Details Fully paid internship…fully paid housing You must be able to permanently work in the US Start May 24th or Jun 7th – complete by end of August 20 internship positions available Specific team assignments communicated in April Goal is to offer 100% of interns a full-time position Thus, we’re not hiring 20 interns to make 5 full time offers Full time offers will be extended at the end of the internship after your internship evaluation Predicated upon performance and business needs
10. Key Dates On campus interviews Jan 13 – Indiana Univ Kelley School Jan 26 – Univ of Minn Carlson School Jan 27 – Cornell Univ Johnson School Jan 28 – Washington Univ in St Louis Olin Business School Feb 5 – Univ of Iowa Tippie College of Business Non core school interviews Jan 28-Feb 12 – via Skype Second round interviews – corporate campus visit Feb 18-20 Acceptance deadline Mar 12
11. What’s Next? Reach out to your school’s captain or any recruiting team members with your questions (see blog Who Are We) Interact with us on the blog via the Feedback tab, FB page, or on Twitter Learn as much as you can about who we are…then… Apply online at the Best Buy Career Center