Financial Markets Program - University of Minnesota

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“ I established instant credibility with my clients, because, although I had no work experience, I did have market experience.” – ALEX HUSNIK, ’06 – Tom Miller, ’04 Credit Manager/AVP – Business Banking, Wells Fargo Bank “The LSBE Financial Markets Program provided me with a skill set that I believe has been very beneficial in my development as a Credit Manager at Wells Fargo. Specifically, the emphasis within the program on financial statement analysis, understanding key ratios for measuring capital structure, liquidity, solvency and management/operating performance have been very applicable in my current role. In addition, the “paired equity” strategy used in the LSBE FMP, required program participants to really understand the concept of competitive advantage, which I have applied in the form of determining key risks and possible mitigants for borrowers within an industry. I have also occasionally found other financial measures, which I learned in the Financial Markets Program, to be quite useful, such as determining a company’s sustainable growth rate (how quickly can a company grow assuming profitability and profit retention and leverage are held constant). Although my current position is not directly involved in the financial markets, I feel the LSBE � Employers Take Notice of Graduates Going “Above & Beyond” EMPLOYER: Dale R. Larson, Vice President - Business Banking Manager, Wells Fargo Bank, Minneapolis, MNL FMP GRADUATES EMPLOYED: Tom Miller, ‘04 “Tom's overall risk assessment skills are advanced and directly a result of a solid fundamental understanding of finance, accounting, and financial statement analysis. With his background and understanding of the fundamentals, Tom is able to grasp new concepts and apply those quickly to become more effective in his position. Tom has a very positive attitude and a genuine willingness to learn and improve in his role at the Bank. He is a great team member and a valued part of our team!” EMPLOYER: Matt Wiebke, Manager, Investment Funds, Sit Investment Associates, Minneapolis, MN FMP GRADUATES EMPLOYED: Jacob Stoecker , ‘04 “As Jake described the LSBE program to me, it is clear that the program has served him well in his current profession. All employees we hire directly from college will possess a certain level of market knowledge learned via textbooks and lecture. However, that will only carry them so far. Jake has a much better foundation to work with given the experience he gained in your program. Also, I think the one-on-one mentoring he received in the program has given him an appreciation for similar relationships he has available to him in this environment.” 16 UMD LABOVITZ SCHOOL OF BUSINESS AND ECONOMICS – FINANCIAL MARKETS PROGRAM Financial Markets Program helped my develop analytical tools to be effective as a credit manager (lender).” Amanda Midtling, ’03 Staff Accountant, Thomson Reuters “The program helped me prepare for my career in a number of ways. It helped me work on my teamwork skills so I am better able to collaborate with others to get tasks done. Another way the program helped me was in improving my research skills, it gave me a better idea of what to look for in researching financial data and gave me a perspective in applying that to the accounting position I am currently in. As I am not currently working directly in the financial markets, I am not able to apply the specific skills I learned to research stocks, but it has helped provide me with another perspective on my current role.” Jacob Stoecker, ’04 Fund Accountant, Sit Investment Associates “I feel the program, with its depth, gave me a curiosity of the financial markets that I wouldn't have had as a regular student. Being in a small, dedicated group forced me to maintain an intensity to keep learning at a fast rate and also do work that my fellow classmates would be proud of, and that would ultimately make money for the Bulldog Fund. Another unique feature to the program was having virtually exclusive access to the instructor. In addition to being able to bounce investment ideas off him, I found a high value in being able to talk career options with someone who was successful in the field I was entering. Whereas a grade was always important to me I felt the opportunity to utilize the program resources was fully up to me and that the effort I put forth was directly correlated to what I would get out of it.” Jesse Andrist, ’08 Accountant, Lawrence J. Ickes, CPA, A.C. “The LSBE Financial markets program prepared me, better than any other class could, for the investment industry working environment. Specifically, the
presentations we gave during our rebalances were the most beneficial part of my participation in the program. All aspects of the rebalance experience have proven to be similar to situations faced in the post graduation world. Preparation for the rebalance accurately emphasized the preparedness necessary to intelligently face a client and inform them of your decision. I am certain that the LSBE Financial Markets Program is the most important stepping stone of my professional life.” Ben Law, ’08 Associate Analyst, Driehaus Capital Management “The program has helped me immensely in nearly every facet of my career including the initial job search while still in school. It plugs its participants into a network of alumni that is diverse in both career choices and geography which allows the participant to contact people who can provide advice and feedback in addition to helping me find out more information about different career paths. The program forced me to engage in the very activities that I spend the majority of my time doing now in my career. Verbal and written communication are necessities within this industry and, through the curriculum in the program, the participant’s abilities are refined through giving presentations to the oversight board and other students, and through writing up ideas in research reports. These skills helped me to not only find employment, but also succeed after being hired. I feel that I became more mature, responsible and thoughtful after going through the program which has enhanced my ability to operate both inside and outside of my work.” Nitya Malik, ’07 Formerly of Piper Jaffray Co. “While employed at Piper Jaffray, it was critical for me to have background knowledge of the markets. The LSBE Financial Markets Program provided me with a great platform in terms of technical skills (stock analysis), overall understanding of the economy, practical learning (being able to apply the knowledge directly) as well as exposure to other Wall Street firms. The team experience and learning from peers is a daily process in the workplace, and having gone through the program, I was more prepared to take full advantage of the resources available to me.” Brian Heijerman, ’07 Fixed Income Trading Liaison, RBC Capital Markets “The opportunity to participate in the LSBE Financial Markets Program has allowed me to grow my knowledge and further my overall passion for the financial markets. By using a course curriculum that stressed a proactive hands-on learning approach, I was able to learn in a way that was similar to the professional world. I found the transition from the classroom to the industry to be a smooth one, where I was able to apply the skills I had gained directly to my position. I am grateful for being a part of the LSBE Financial Markets Program and thoroughly believe it is the sole reason why I have been provided the opportunities I have today.” � Employers Take Notice of Graduates Going “Above & Beyond” EMPLOYER: Lawrence J. Ickes, CPA, Lewisburg, WV FMP GRADUATES EMPLOYED: Jesse Andrist, ‘08 “Jesse is an extremely motivated young man. I know that Jesse took this job because a job in his field was not available in this rural area. He decided this was the best fit to expand his knowledge base while his wife is attending medical school here. While not having an accounting degree, he has more than made up for this by his understanding of investments, returns and calculations of those returns and his presentation skills with clients. I believe he is very competent in the subject matter that his degree prepared him for. Overall, he has been an excellent addition to the company and I am very glad I hired this young man. Thank you for providing him to us in West Virginia. EMPLOYER: Daniel Rea, Co-Portfolio Manager, Driehaus International Discovery Fund, Lead Portfolio Manager, Driehaus Global Growth Fund, Director of Research Driehaus Capital Management LLC, Chicago, IL FMP GRADUATES EMPLOYED: Ben Law, ‘08 “Ben has consistently demonstrated a strong aptitude for detailed financial analysis. The program has imparted solid technical skills combined with a broad awareness of global economic trends. Furthermore, given the unique long/short aspect of the program, Ben has become efficient at identifying specific investment drivers/catalysts and is advanced in his ability to evaluate risk/reward. Overall, having hired most analysts at the firm, I strongly believe that Ben is substantially better prepared than the average undergraduate candidate.” UMD LABOVITZ SCHOOL OF BUSINESS AND ECONOMICS – FINANCIAL MARKETS PROGRAM 17
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Financial Markets Program - University of Minnesota

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