Recruiting FAQs
What are you looking for in a candidate?
We are looking for talented and motivated individuals who have a genuine interest in both finance and healthcare. Michigan Medicine has a tripartite mission that constitutes providing excellent clinical care to our patients, participating in breakthrough medical research, and providing state-of-the-art medical education through the University of Michigan Medical School. An ideal candidate is interested in the intersection of finance and at least one of these missions. Ideal candidates also express an interest in learning and professional development.
The internship opportunity is targeted at current undergraduate juniors, while the full-time program is targeted at current undergraduate seniors or recent graduates.
I am a freshman/sophomore. Am I a competitive applicant for the internship?
Since retention is an important component of the FDP internship, we typically only select candidates to participate in the internship during the summer between their junior and senior years of their undergraduate coursework.
I am a master’s student. Am I a competitive applicant for the full-time program?
The full-time program seeks to provide opportunities for students who have no previous full-time work experience. If you entered your graduate program directly after receiving your undergraduate degree, then you may be a competitive applicant.
How many people are hired into the Finance Development Program each year?
Each year, the FDP hires two full-time candidates and three summer interns.
What does the application process look like?
Every applicant will eventually receive an invitation to interview or a polite denial. There are two rounds of interviews. The first round of interviews will consist of basic informational-style questions. We assess the fit between your needs and ours through a combination of informational questions, behavioral questions, and general conversation. At the FDP, we place the utmost importance on the "fit" of the candidate. During second round interviews, selected candidates will prepare a short presentation for the recruiting team and will spend the rest of the day interviewing with program members and leaders of Central Finance. Similar to the first-round interviews, second round interviews are designed to further understand the "fit" of the candidate, as well as gauge technical and financial proficiency.
I am interested in going to medical school and I am looking for a gap year experience. Is this a good opportunity for me?
This program is specifically designed to form future healthcare leaders who will work at the intersection of healthcare and business. The FDP is not for those who are seeking to attend Medical School or provide direct patient care.
Do interns often receive a return offer?
Retention is an important part of the FDP. We typically like to offer at least one intern after their summer experience.
What does the typical day of an FDP analyst look like?
Due to the rotational nature of the program, every day looks a little different for each analyst, depending on the project the analyst is working on. FDP Analysts typically spend each day doing both individual quantitative analyses and other project work, as well as participating in varying meetings with departmental teams or mentors. Analysts are also responsible for much of the upkeep of the program and are in charge of further enhancing the program experience.
I have not had any finance or healthcare experience. Does this preclude me from this role?
We do not require previous finance or healthcare experience. We are looking for talented and motivated individuals who are interested in both areas and embody our core values.
Who is on the recruiting team?
One of the responsibilities of full-time analysts is leading and participating in recruiting efforts. The recruiting team includes all the current full-time FDP analysts.