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Baxter International Inc. Making a Meaningful Difference in Healthcare. Baxter International Inc. At Baxter, we are a global diversified healthcare company applying innovative science to develop specialty therapeutics and medical products that save and sustain patients’ lives. Company Snapshot.
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Baxter International Inc. Making a Meaningful Difference in Healthcare
Baxter International Inc. • At Baxter, we are a global diversified healthcare company applying innovative science to develop specialty therapeutics and medical products that save and sustain patients’ lives.
Company Snapshot • Over 70 years of market leadership driven by a well-recognized global brand • $9.5 billion global market leader • More than $1.5 million invested in R&D every day • Over 50% of sales and earnings outside the United States • Approximately 48,000 employees around the world in more than 250 facilities
Baxter’s Business Portfolio • Balanced, global portfolio with strong franchise breadth and depth • Well-recognized global brand that drives market leadership • Focus on essential therapies for life-threatening conditions • Leveraging capabilities across businesses to provide high quality, cost-effective products and services BioScience MedicationDelivery Renal $3.5 billion $4.0 billion $2.0 billion
Health-Care Expenditures Per Capita U.S. W. Europe Japan Canada Health-Care Expenditures Asia China Latin America GDP Per Capita Global Presence • As economic expansion continues in developing countries, their spending on health care will increase • Sixty-seven manufacturing facilities in 28 countries Expanding Global Presence to Meet Patient Needs
Making a Difference in the Community • In 2004, Baxter and The Baxter International Foundation together contributed approximately $15 million worldwide to communities in need. • Additionally, Baxter donated approximately $7.9 million in vital medical products, primarily through the international disaster relief and humanitarian-aid organization AmeriCares.
Financial Development Program • A rotational program aimed at bringing strong talent into Baxter, developing, then deploying that talent into the organization as a foundational building block to Baxter’s future success • It is expected that the FDP shape strong analysts and future leaders for Baxter’s finance function
Financial Development Program • Four rotations, approximately nine months each • Functional skills are developed through technical training and on-the-job training in various finance disciplines • Both domestic and international rotational assignments are available. Approximately 25% of the rotations are international: • Europe: Belgium, Ireland and Switzerland. • Asia / Other: Canada and Australia • US: Northern Illinois, California and various plant & satellite offices scattered through the States
FDP Training • Associates have the opportunity to complete 7 modules of training throughout their tenure, each lasting 2 to 3 days • Training is focused on providing an in-depth Baxter perspective on various Accounting/Finance and business related concepts • The modules are: • Orientation/Financial Systems • Reporting & Analysis • Supply Chain and Manufacturing • Planning • Audit and Consolidations • Tax and Treasury • Business Development
Typical Rotations • Financial Planning and Analysis • Corporate Audit • International Finance • Corporate Tax • Financial Information Systems • Manufacturing Finance • Financial Reporting
Life After the FDP: Graduates • Others: • Reta Hall (1996) • Dir, Planning & Reporting, Europe • Bob Hombach (1989) • VP Finance, Europe • Mary Kay Ladone (1989) • VP, Investor Relations Talha Ashraf FDP Grad June 1999 Henrik Wahlberg FDP Grad Nov 2003 Sr. Manager Portfolio Analysis Medication Delivery Sr. Business Analyst Renal Europe Switzerland
FDP Candidate Profile • Accounting or Finance undergraduate major • 15 hours of accounting coursework • Record of academic excellence • Demonstrates drive & initiative, a positive attitude, critical/analytical thinking, interpersonal skills, sound decision-making, flexibility, strong communication and willingness to learn from others • Willing to relocate for rotations
Recruitment Timeline Full-time • Finance Career Fair Date: 9/14 • 1st/2nd Rounds Pre-night Event Date: 10/26 • Indiana Memorial Union, University Club – 7 PM • 1st Round Interviews Date: 10/27 • 2nd Round Interviews Date: 10/28 • Summer Internships • Interviews in February/March Timeframe