What is the critical distinction separating an FP&A role from a generalist investment banking role?
Answer
FP&A expertise becomes vertical, tied to the success of one business, unlike banking's horizontal coverage across many deals.
The text specifies that the necessity for deep, operational integration into a specific industry’s Profit & Loss statement in FP&A creates a vertical expertise, contrasting with the horizontal reach across numerous deals characteristic of generalist banking roles.
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