Homeland Security to investment banking, here's how some of
your Kellogg School peers are putting their finance expertise
or private, profit or nonprofit --- the variety of career
paths open to Kellogg School graduates with an interest in
finance is seemingly limitless.
just the rigorous finance coursework that opens doors. Many
alumni who have become top finance professionals say the Kellogg
School's holistic approach to management, with its emphasis
on team leadership and broad-based knowledge, set them on
an early course to success.
bring much more of a focus on management and strategy issues
than you might otherwise get in a chief finance officer,"
acknowledges Martha Dustin Boudos '02, CFO of Morningstar
Inc. That broad vision made Boudos a natural choice for her
current position, even though finance was not one of her Kellogg
some of the top finance minds to come out of Kellogg share
their insights and describe the sometimes unconventional routes
they took to the top.
a trail on Wall Street: Jerry Kenney '67
skills are underestimated. You have to be able to work
in teams and with all the other areas of a company. A
lot of finance people think their job is to be the checker-upper.
It's not just that. It's to help the firm achieve its
mission," says Jerry Kenney.
a top finance professional today is a much more complex ---
and potentially more rewarding --- job now than it was a generation
ago, according to Jerry Kenney.
had all kinds of accounting, regulatory and technology changes,"
observes Kenney, a vice chairman at Merrill Lynch & Co.
"The finance officers are in the center of it all. They're
not just preparing documents for the board. Now they're legally
accountable for what's stated in them. That's a lot of weight
on your shoulders."
the added responsibilities come new opportunities.
finance officer is more integrated and involved with other
areas of the company," Kenney notes. "There are far more options,
challenges, and continual learning requirements. That makes
the role more rewarding and more varied. A top financial officer
can become a CEO or go on to lead another company. It's an
excellent preparation for other career paths."
should know. The Kellogg alum has parlayed his finance degree
into a long and varied career on Wall Street.
first job out of Kellogg was as a researcher at the investment
banking firm White, Weld & Co. He moved quickly up the
ranks, eventually becoming director of research, then director
of sales and trading, and finally a board member.
the recession of the late 1970s, the company merged with Merrill
Lynch, and Kenney's career took an even sharper upward turn.
He became director of a succession of departments: first research,
then sales, then global institutional sales, and then investment
at age 43, he was made chief executive of the worldwide institutional
company, a position, Kenney says, that drew particularly heavily
on his finance skills. He was also named to the company's
board of directors.
Lynch restructured itself after the recession in the early
1990s, and Kenney's role changed again. He became responsible
for the firm's corporate strategy and was charged with making
Merrill Lynch a more global company. He also oversaw the company's
credit functions, corporate marketing and government relations.
held that role for 10 years before he was named vice chairman,
responsible for senior client relationships. "It's been a
lot of fun," Kenney says. "I've worked all over the world,
in Europe, Asia and Latin America, and I've spent a lot of
time building the global aspects of the business. It's been
very enjoyable and challenging."
to Kenney's success has been a firm grasp of analytics, strategy
and marketing --- all skills honed at the Kellogg School.
Just as important, he says, has been another Kellogg-bred
attribute: an ability to communicate.
skills are underestimated," he says. "You have to be able
to work in teams and with all the other areas of a company.
A lot of finance people think their job is to be the checker-upper.
It's not just that. It's to help the firm achieve its mission.
You can be a good treasurer and controller, but if you want
to be a top finance leader, you should be adept at developing
strategy. When do exterior opportunities add to shareholder
value, and when are they too expensive and will diminish value?
These are critical decisions for anyone in a finance role.
finance officer is a good decision maker and a leader," Kenney
concludes. "You're not just performing a function for your
company --- you're broadly defining and pursuing your company's
|© Nathan Mandell
Andrew Maner '97
CEO of the Department of Homeland Security
for the war on terror: Andrew Maner '97
As an undergraduate political science and communications major,
Andrew Maner could not have foreseen that he would someday
steward a $40 billion budget at one of the highest-profile
agencies in the nation.
January, Maner was announced as the new CFO of the Department
of Homeland Security, the 180,000-employee federal agency
created after the terrorist attacks of Sept. 11, 2001.
thought I'd end up here when I graduated from college 12 years
ago," Maner says, adding that he "couldn't be more pleased"
to take on the role's many challenges.
has worked in both the public and private sectors and has
held positions in marketing and communications, as well as
in finance. He sees his current role as first and foremost
a management position.
people think CFOs have to be a certain way," Maner says. "They
have to live, eat and sleep numbers. It's true that CFOs in
the private sector often have more of a treasury-and-investment
function. And as in the private sector, finance and accounting
are paramount to sound financial management.
in the public sector, true success is stewarding through Congress
a budget that meets the department's objectives while ensuring
your agency is free of waste and fraud. That requires salesmanship,
personality, leadership and attention to detail."
also requires Maner to understand the missions and budgets
of a diverse group of agencies, including the U.S. Coast Guard,
the Secret Service, the Federal Emergency Management Agency
and Customs and Border Protection, to name a few.
page: "Some companies make
widgets; our mission is to stop terrorism"
1 | 2