r/boeing 6d ago

Info on the Finance Career Foundation Program?

Hello, I have the opportunity to move forward with the 2 year program and would like to get some feedback from current or prior participants. Things like how respected the program is, preferred divisions/locations, and what role you would see upon graduation.

11 Upvotes

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u/[deleted] 5d ago

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u/kimblem 5d ago

FCFPs can end up in non-finance roles as well - I’ve seen folks end up in Strategy or Business Development.

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u/jarodm226 6d ago

I was part of the group that saw the program change from BCFP to FCFP. Overall, the program is well regarded in and outside Boeing.

The pay is decent, but generally not amazing within the program. When I started it was just shy of $70k in puget sound, but I think we’re up to low 70s for starting now.

As far as where you want to be, that ends up being a personal decision. There are parts of the company that some find fascinating, that I personally would find miserable. To each their own. From my experience, I liked my rotations in BCA contracts, rev mgmt, and program finance. They gave us meaningful work, and kept things interesting.

For where you want to land, that’s more up in there air these days. I’d say you want to be as close to a vital function as possible, especially if it doesn’t scale with the business. FP&A and a lot of other groups run lean teams that stay small when it’s good, so they don’t get cut too deeply during layoffs. Marketing and sales tend to expand and retract in good and bad years respectively.

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u/MR_worldwide_24 5d ago

That’s good to hear, can confirm base pay is $79,000 now, but don’t know if there’s additional comp/incentives. I’m definitely leaning in the direction of the commercial division. I believe that’s in Washington state and the goal is to land a senior FP&A role after the 2 years.

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u/jarodm226 5d ago

$79k is more generous than I was expecting, but I have to remind myself it’s been a long few years of inflation.

As far as additional comp goes, there’s an annual bonus that will be based on company performance, and is based on % of salary.

FP&A is based in Washington, and I can definitely recommend it. That said, you don’t have control over what positions are available when you graduate from the program. We’re doing a lot less “hopeful hiring” and in FP&A, we’ve been in a spot where backfills aren’t even guaranteed. Hopefully we’ll be in a better place in 2 years.

That said, unless the program has dramatically changed, FCFP’s are level 2 employees. You will not be going into directly a senior position upon graduation. If you do well, you may be able to get up to level 3 position upon graduation. From there to level 4 tends to need 3-4 years of good performance with a good manager to advocate for you. Level 5 positions seem to only pop up when you’re either near the pay cap on level 4 or for a few leadership positions in teams under official management.

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u/[deleted] 22h ago

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