1. Best Buy FinanceYou, Happier.
SrFinancial Analyst (SFA) Internship Program
LIVE Web Event
01.15.10

2. Agenda
Event Basics
Our Blog
Our Company
Our Internship Program
Q&A
3. Event Basics
Please disable your microphone or webcam if asked to enable/allow
If dialed in, please mute your phone
Please use the public chat feature to ask questions as we go
Panel of prior interns, HR and Finance leaders is available to address
Please refrain from using the private chat feature
All questions are good questions we want to tap the wisdom of the crowd
A replay of this event will be available on the blog
4. Our Blog is your information hub!
5. Our Blog is your information hub!
6. Three ways to interact with us on Our Blog
The Feedback Tab
Comment Box on a Post
The Feedback Button
7. Interact with us via FB, Twitter & LinkedIn too!
8. Our CompanyFortune 100 Company With Humble Beginnings
9. Our CompanyGlobal CE Retailer
Over 3,700 Locations Worldwide
10. Our CompanyGlobal Reach
Offices in Vancouver, London, Mexico City, Istanbul, Shanghai, and Nanjing
11. AT Kearney recently studied our company and described our culture as:
Focused on growth
Committed to employee experience
Pragmatic
Team oriented
Results driven
Fast react times
Trend setter
Our CultureHow Would You Describe It?
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12. Our CampusThe Hub of Activity
Leadership Institute
Expansive Cafeteria
New Horizon child care
Minute Clinic
Fitness center
Caribou coffee shop
US Bank
Basketball/volleyball courts
Putting green
Walking paths
Gaming area
Concerts
On site services
Dry cleaning, drivers licenses, passports, shoe repair, oil change, car detailing, etc.
13. What will I do as an intern?
Youll work on real live projects not special projects
Youll be part of a Finance Team and will interact as if youre a regular employee
Well expect you to engage on Day 1 and deliver actual outcomes and results during your internship
Youll experience Best Buy youll be engaged in meetings, partner with cross functional team members, travel if necessary, enjoy campus life, build a network, etc.
Youll 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)
See the intern video on our blog where current SFAs share their intern projects and experiences (click on Videos category on the blog)
14. What areas will I work in?
Business Analysis
Internal consulting team focused on evaluating new growth opportunities
Business Team Finance
Work on a Finance team supporting a product category (e.g. Home Theater, Computing, MP3)
Work on a Finance team supporting a functional area (e.g. Marketing, Real Estate, Supply Chain, Retail)
Financial Planning & Analysis
Working on an FP&A team at the domestic, international or enterprise level
Specialty Areas limited roles
Treasury, BBY Capital
Finance MBA full-time hire entry points
15. 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.
16. 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
17. What is Financial Planning & Analysis?
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
18. What are you looking for?
The same qualities for full time employment
Passion for our customersand the undeniable role that our employees play in serving them
Strong business acumeninterested in understanding the underlying business model (in total or in a specific project)
Partnership mentalitycuriosity to learn and to teach
Innate financial acumenwith the wherewithal to integrate that skill cross-functionally
Willingness to fight for the things that are worth fighting foryou need to have an opinion
An appetite for changewe arent building airplanes
19. Can you provide more details on the internship?
Fully paid internshipfully 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, were 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
20. Are there key dates I need to know about?
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 18-Feb 5 via /phone & Skype HR and Finance
Second round interview and corporate campus visit
Feb 19-20
Acceptance deadline
Mar 12
21. Ok, Im interestedwhat do I do next?
Go to the blog
Watch the intern video
Watch the Finance video
Review the Finance MBA recruiting presentation
Start to interact with us!
Reach out to your schools captain (if you attend a core school) or any recruiting team member (see the Who Are We tab on the blog)
Apply online at the Best Buy Career Center by Feb 5th
www.bestbuy-jobs.com
Applicants selected for an initial interview will be contacted by HR
22. Q&APlease post your questions via public chat section.
LIVE Web Event
01.15.10