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Finance Club Updates. Ross School of Business Finance Club University of Michigan October 2, 2005. Agenda. Wall Street Forum Update Wall Street Forum Preliminary Schedule Wall Street Prep – Financial Modeling Seminar Recent Feedback. Wall Street Forum Update.

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finance club updates

Finance Club Updates

Ross School of Business Finance Club

University of Michigan

October 2, 2005

agenda
Agenda
  • Wall Street Forum Update
  • Wall Street Forum Preliminary Schedule
  • Wall Street Prep – Financial Modeling Seminar
  • Recent Feedback
wall street forum update
Wall Street Forum Update
  • Busiest and best line-up in years
  • Everyone encouraged to attend
  • If you are remotely interested in a financial services career (NY or elsewhere) you NEED to attend for your own personal/career/network development
wall street forum update1
Wall Street Forum Update
  • Details:
    • Monday October 24th 8:00 AM to Wednesday October 26th 5:30 PM
    • Applications available online tonight and due Sunday October 9th by 6:00 PM. Please place copy in Ted Omlid’s folder
    • Arrive in NY Sunday afternoon or evening
      • UBS optional Informationals on Sunday evening (10/23)
    • Depart late Wednesday (after 7:30 PM) evening or Thursday?
      • Informational interviews on Thursday?
    • Hotel TBD this week
    • Bus transportation from Hotel and to and from all activities
wall street forum update2
Wall Street Forum Update
  • Details (cont):
    • Formal dress – get your suits ready and shoes shined – Plan dry-cleaning accordingly
    • If you are not at the hotel and taking designated transportation, you must arrive 30 minutes prior to scheduled event
    • Security is tight and everyone must be checked in, which takes time
    • If you are late for any event – you will not be allowed to enter
wall street forum schedule
Wall Street Forum Schedule
  • Sunday
    • UBS IB Informationals (evening)
  • Monday
    • S&T, PWM Breakouts at Morgan Stanley and JPM, respectively
    • UBS (All functions)
    • JPMorgan (All functions)
  • Tuesday
    • Goldman Sachs (All functions)
    • Lehman Brothers (All functions)
    • Citigroup (All functions)
    • Bear Stearns (All functions)
    • Dean’s Reception at Waldorf Astoria (6:00 – 8:30 PM)
wall street forum schedule1
Wall Street Forum Schedule
  • Wednesday
    • Goldman Sachs PWM Breakout
    • S&T Breakout – UBS Trading Floor/Lehman Brothers trading simulation
    • Wachovia Securities (IB, maybe others)
    • Houlihan Lokey Howard & Zukin (IB)
    • Bank of America Securities (IB, maybe others)
    • GM Treasury
    • Various Corporate Finance, TBD
  • Thursday
    • Potential informational interviews (last year: UBS, Lehman, others??)
financial modeling seminar
Financial Modeling Seminar
  • All members STRONGLY encouraged to attend
    • Investment Banking
    • Equity Research
    • Corporate Finance
  • Saturday December 3rd and Sunday December 4th (8:00 AM to 5:00 PM)
  • Registration is First Come, First Served for MBA1s and MBA2s. Depending on demand, this will be opened up to Investment Association and Consulting Club
  • Cost is $199.00 (includes lunch both days)
  • Registration and details available at: www.wallstreetprep.com/training_umich.html
  • Cost covers 16 hours of computer training and course materials and online access to financial models for 3-months after class
financial modeling seminar1
Financial Modeling Seminar
  • Training topics:
    • Excel best practices
    • Excel shortcuts (START NOW!)
    • Building financial projection models
    • Creating circular/flowing models
    • Valuation methodologies explained using Excel
    • Linking financial projection model to discounted cash flow analysis
    • Creating leveraged buyout (LBO) models
  • This will help you immensely for interview prep and your summer job and can be a bullet on your resume
  • Keep pace with other top schools and ensure every student is well-prepared for their summer experience
recent feedback
Recent feedback
  • Not isolated and not unique to Finance Club
  • Several negative comments
    • Mobbing recruiters
    • Lingering around recruiters
    • Redundant questions from presentation
    • Students unprepared to talk intelligently about bank
    • Respect for normal social etiquette
    • Poor communication skills from international students
  • This reflects poorly on EVERYONE, including alumni. This is our Brand and we all have to PROTECT it!
action items
Action Items
  • Treat each presentation as a class – spend time preparing for each presentation!
  • Have 2-3 strong questions – listen and identify strong questions from your peers to build up your “question bank”
  • DO NOT MOB recruiters!
    • Form circles of 2-4, everyone else wait patiently behind
    • Ask no more than 2-3 questions or spend more than 5-8 minutes with any one recruiter
    • Do not repeat questions from the presentation
    • Respect the intended audience and your peers!
  • You have a very strong class – everyone needs to step-up and show recruiters the talent at Michigan
action items1
Action Items
  • Form study groups and devise good questions and talk about banks
  • Utilize OCD and your peers
  • Remember “Luck favors the well-prepared” There is no substitution for preparation during this process

International Students

  • Work on English by forming study groups with peers
  • Consider additional language courses
  • Practice asking questions
  • “It doesn’t matter how smart you are, we have found people that do not communicate well both verbally and in writing, do not do well here” IB Recruiter
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