FMA 2021-2022 Recruitment

FMA Recruiting Information
2021 – 2022 School Year

Table of Contents
‣ I. Overview of FMA Programs
‣ II. Auburn Student Investment Fund Overview
‣ III. New Candidate Technical Curriculum
‣ IV. Application & Interview Process
‣ V. Questions & Contact Information
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I. Overview of FMA Programs

FMA Overview
The mission of Auburn FMA is to develop, train and mentor top students interested in finance through continuing
education programs, case competitions, corporate visits, leadership seminars and networking opportunities.
FMA Goals
‣ Empower students by educating them early on in their college experience about the different career paths
within finance
‣ Foster a student-led support network for classmates interested in investment banking, asset management
and consulting
‣ Teach practical and relevant technical skills that prepare candidates for their recruiting processes
‣ Facilitate unique corporate recruiting relationships through a strong Auburn and FMA alumni network
FMA Membership
Targeted Industries
74 75
82 79 78 77
FMA’s Career Paths
47
40
47
23
27
20 20 20
Asset
Management
Corporate
Banking
Consulting
Corporate
Finance
Investment
Banking
Private
Wealth
2016A 2017A 2018A 2019A 2020A 2021A 2022E
New Members
Total Members
Selected opportunities for growth
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Placement Results
Overview
‣ Since its inception in Fall 2014, FMA has
supported over 120 students in their pursuit of
rewarding and competitive careers
‣ Continuing to expand legacy placements
including Goldman Sachs, Jefferies, Moelis,
Piper Sandler, Stephens and Credit Suisse
‣ In the spring 2021 graduating class, average
starting compensation for 20 graduates was
$116,000
Average Starting Compensation
$57,000 $65,000 $74,000
$93,500 $90,500
$95,600
$116,000
$57,939
2020 NACE
Business
Major
Average
2015 2016 2017 2018 2019 2020 2021
Full-time & Internship Placement
Full-time & Internships Placement Rates
100% 100%
85%
57%
Freshman Sophomore Junior Senior
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Placement Map
FMA internship & full-time placement out of undergraduate
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Investment Banking Overview
Investment Banks act as financial advisors to companies at very specific, impactful moments of their life-cycles.
Investment Banking Services
‣ M&A/Restructuring advisory
‣ Investment banks work in advisory capacity when a company undergoes a merger, acquisition, or restructuring
process
‣ Capital raising
‣ T-Mobile acquires Sprint for $26bn
‣ JC Penny bankruptcy
‣ Investment banks underwrite both equity and debt raises through their access to the capital markets
‣ IPO’s, bond issuances, etc.
On the Job
‣ Quantitative analysis
‣ Build Excel financial models to arrive at
company valuation
‣ Qualitative analysis
‣ Refine technical analysis and add industry
color to create digestible presentation in
PowerPoint
‣ Access to C-Suite/Upper-level management
‣ Extremely competitive
‣ ≤ 1% acceptance rate (~5x more difficult than
admittance into Harvard)
‣ ~80 – 100 hours/week
‣ ~$150k total compensation
Exit Opportunities
‣ Typical Investment Banking analyst stint of 2 years
‣ Learning on the job unparalleled when compared to
other entry-level positions
‣ (~2x quality of work)*(~2x hours worked) =
(~4x material learned)
‣ Career “pledgeship”
‣ Private Equity, Hedge Fund, Venture Capital, Public
Service, Corporate Development, Consulting, Search
Fund, Graduate Business School
‣ Dictate terms of next job position
‣ Category, industry, location, size, etc.
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FMA Member
Finance Major
Finance Minor
FMA Process
Freshman / Sophomore Year
Junior Year
Senior Senior Year Year
• In-depth career panel overview
• New Candidate Technical Curriculum
• Access to Wall Street Prep and TTS
• Engaged mentors via upperclassmen
and alumni network
• Participate in ASIF
Program with course
credit
• FMA Practical
Application Course
• Interact directly with
“elite” employers
• FMA Financial Modeling
Course
• Evaluate and select fulltime
opportunity (Fall)
• Serve as a resource for
younger FMA members
• Entry-level coursework
• BUSI 1010 & 2010
• Begin major coursework
• FINC 3010
• Begin full-time job search
• Begin relevant finance
elective courses
• Entry-level coursework
• Begin major coursework
• Entry-level coursework
for finance minor
• Begin full-time job search
less aware of the finance
recruiting process
Recruiting begins for crucial junior summer internships
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FMA Events
On-campus Events
‣ Info Sessions
‣ Employers come in to speak about their available roles and then host a Q&A session
‣ Dates: Weekly basis throughout the fall at 5:00PM on Tuesdays or Thursdays
‣ Financial Leadership Summit
‣ Capstone event that includes an executive panel and various smaller breakout groups
‣ Speakers have included Raymond Harbert, John Murphy (CFO of Coca-Cola) and Paul Jacobson (CFO of Delta)
‣ Opportunity to engage with FMA alumni from across geographies and career paths
‣ Date: Home football game Friday and Saturday in November
‣ Meet & Greet
‣ Exclusive career-fair style event with selected employers
‣ Date: Fall
Off-campus Events
‣ Corporate Visits
‣ Students take day trips to visit firms in the Southeast
‣ Trips have included McKinsey & Company (Houston), Duff & Phelps (Atlanta) and Retirement Systems of Alabama
Dates: ~2 – 3 trips throughout the semester
‣ New York Trip
‣ Group of students visit firms and attend national FMA event in New York City
‣ Direct interaction with top firms such as Goldman Sachs, JP Morgan and Moelis
‣ Date: Week before spring break
‣ Alumni Events
‣ Tailgate or dinner style event organized for student and alumni interaction
‣ Dates: ~2 – 3 throughout the fall and summer
‣ Case Competitions
‣ Placed 1 st internationally in Duff & Phelps YOUniversity Deal Challenge for a $15k prize
‣ Placed 1 st nationally two years in a row in Duff & Phelps YOUniversity Deal Challenge for a $15k prize
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II. Auburn Student Investment Fund Overview

Integrated Financial Leadership Program
ASIF Overview
Our Mission
The Auburn University Student Investment Fund’s mission is first to provide ambitious, intellectually curious
students with a deeper understanding of financial markets through real world security analysis and portfolio
management. The Fund focuses on delivering hands-on, practical experience in valuation techniques, equity
research and risk management while achieving superior returns to the S&P 500 and maximizing the return on
invested capital.
Portfolio Snapshot
✓ Mid-to-Large Cap
($1+ billion)
75%
Equities
33%
TMT
19%
FIG
✓ 3-5 Year Investment
Horizon
13%
Real Estate
✓ Performance
Benchmarked to
S&P 500
25%
Cash
4%
Healthcare
9%
Industrials
12%
Consumer
Discretionary
10%
Consumer
Staples
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Integrated Financial Leadership Program
ASIF Performance
14 Single Equities Historical Benchmarked Performance
ASIF S&P 500
YTD 18.98% 17.76%
1-Year 30.76% 30.65%
2-Year
(Annualized)
3-Year
(Annualized)
20.97% 21.30%
15.13% 14.36%
ASIF Performance vs. Capital Invested
600,000
500,000
AUM
$560,568
400,000
300,000
200,000
Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21
*Inception: 10/19/17
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III. New Candidate Technical Curriculum

New Candidate Technical Curriculum
The purpose of FMA’s new candidate technical curriculum is to provide candidates with a solid foundation of
technical training as they prepare to apply for future internships and full-time positions.
Overview
‣ Weekly 1-hour meetings – Tuesdays at 5pm
‣ All attendees will be given a New Candidate Guide that includes technical interview guides and additional
FMA resources (career guide, templates, etc.)
‣ Class Topics: Networking & Professional Preparation, Cash Flows, DCF, LBO, Comparable Analyses
‣ Candidates will complete weekly assignments and readings on material covered in class
‣ Candidates will meet with their assigned mentor and older FMA members for recruiting guidance
Benefits
‣ Access to FMA mentors and alumni connections
‣ Access to FMA resources, content and guides that
have helped past students secure elite positions
and internships
‣ Professional development opportunities that are
not available to those outside of the program
Exit Interview
‣ At the end of the New Candidate Training
program, each prospective candidate will go
through an exit interview
‣ The exit interview is an opportunity for the
candidate and Auburn FMA to ensure that finance
and the FMA program is the right path for them
The FMA New Candidate Program is a comprehensive ~10-week session that provides New Candidates with the
resources and knowledge to secure top internships and jobs
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New Candidate Technical Curriculum
Class Topic Description
1 Introduction / Interview Process The traditional structure of the recruiting process and do’s / don’ts
2 Networking Proactively reaching out to professionals to learn about their experiences
3 Behavioral Interview Skills Navigating the qualitative part of interviews
4 Accounting Overview of accounting through the perspective of a technical interview
5 Cash Flows and Cost of Capital Highlighting the foundation of finance and how cash flows dictate value
6 Discounted Cash Flow Analysis Most common intrinsic form of valuation and its application in excel
7 Comparable and Precedent Transactions Market approach to valuation and its application in excel
8 Leveraged Buyout Overview The investment approach and valuation perspective of the financial buyer
9 Overall Interview Skills Overview Transfer the knowledge learned throughout training to interview skills
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IV. Application and Interview Process

Applicant Qualifications & Commitment
Qualifications
‣ Pursuing a Career in Finance
‣ FMA is looking for students who are confident they want to pursue a career in finance
‣ We are open to students of any major, but at minimum, require a minor in finance
‣ Graduation
‣ To apply for spring 2022, students must be graduating between December 2023 and May 2025
‣ Students who are graduating in May 2023 must have already secured an internship for summer 2022 to apply
‣ Academics
‣ Applicants must have above a 3.6 cumulative GPA to qualify for membership
‣ Freshmen with below a 3.6 cumulative GPA are still encouraged to attend recruitment info sessions
Commitment
‣ General Meetings
‣ Members are required to attend all FMA events throughout the year
‣ More information on the meetings can be found on the “FMA Events” slide
‣ New Candidate Training
‣ New Candidates are required to attend every New Candidate Technical Curriculum meeting
‣ These meetings occur during the spring semester of your first year in Auburn FMA
‣ More information on the meetings can be found on the “New Member Technical Curriculum” slide
‣ FMA Coursework
‣ FMA members are provided access to three special courses within the finance track
‣ All members are required to take these courses and they will count towards a finance major or finance minor
‣ Practical Application (3 credit hours)
‣ ASIF I (3 credit hours)
‣ ASIF II (3 credit hours)
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Application & Interview Expectations
Interview Preparation Guidance
‣ The FMA recruiting process will include a resume drop, first-round interview and a second-round interview.
‣ The questions asked during interviews will be mostly behaviorally based, but some will have a focus on your financial
acumen. The bullets below are examples of questions you could be asked.
‣ During the interview, FMA is looking to evaluate three main aspects about you for your candidacy
‣ “Hireability” – Does your resume and background make you a competitive candidate for internships and fulltime
employment?; Basic financial knowledge questions
‣ Walk me through your resume / tell me about yourself.
‣ What experience on your resume is most applicable to FMA and why?
‣ What are your plans for this upcoming summer?
‣ What is investment banking or X industry?
‣ What is the most recent finance news article you have read?
‣ What are the three financial statements?
‣ Motivation / Interest in Finance – Are you committed to pursuing a career in finance / staying involved with
FMA?
‣ Do you understand what the FMA member commitment entails?
‣ Why do you want to work in investment banking or X industry?
‣ What steps have you been taking thus far to help you achieve your career goals?
‣ If your major isn’t finance, why did you choose that major?
‣ What other groups are you involved with on campus / what are your other time commitments?
‣ Personality / Character
‣ Why did you decide to come to Auburn / where else did you apply to school?
‣ Where do you want to live upon graduation?
‣ In your opinion, what is the most impressive thing on your resume?
‣ What do you do for fun?
‣ What is your favorite book?
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Application & Interview Process Timeline
December 2021
S M T W TH F S
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1
January 2022
S M T W TH F S
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30
Key date
November 30 th , 2021 • FMA info session (5PM Lowder 15)
December 1 st , 2021 • Applications open (https://www.auburnfma.com/contact)
January 14 th , 2022 • Applications close
January 17 th , 2022 • MLK Day (no class)
January 19 th – 21 st , 2022 • First-round interviews
January 25 th – 27 th , 2022 • Second-round interviews
January 29 th , 2022 • Decisions released
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V. Questions & Contact Information

Questions?
‣ Kennedy Jarvis – Co-President
‣ klj0038@auburn.edu
‣ Jonathan Hu – Co-President
‣ jyh0003@auburn.edu
‣ Tracy Richard – Director & Finance Instructor
‣ richate@auburn.edu
Extensive information and resources can be found on our website:
https://www.auburnfma.com
Interest Form / Application Link:
https://www.auburnfma.com/contact
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