Finance club updates
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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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