Why Am I Here? Joined LIFA in first year. Took me under its wing when I was a nobody. Return the favor. Love helping

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2 Who am I? Equity Research at Gluskin Sheff Vice President of Training at Prism Resources Analyst for ACIIC LSIF Analyst Cinema Geek Avid Reader Brother of Sigma Chi Politically Incorrect

3 Why Am I Here? Joined LIFA in first year Took me under its wing when I was a nobody Return the favor Love helping Expect you all to do the same when its your turn

4 By managing a portfolio of approximately $850,000, the Laurier Student Investment Fund combines the learning experience of a real-world buy side investment firm, along with the academic rigor of a senior level university course. Since its inception the Laurier Student Investment Fund has grown its assets by 15% a year, outperforming our benchmark S&P TSX Total Return Index by 7.8% while maintaining less portfolio risk. The fund has grown from ~$126,000 to ~$850,000. The fund uses a purely fundamental investing approach to create a concentrated portfolio of high-conviction ideas. LSIF focuses on areas of the market where an informational advantage can be gained and identifies market inefficiencies that larger institutions can't.

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6 The 2 nd Annual Laurier Student Investment Fund Investment Conference Featuring Laurier Alumni from Sentry Investments with talks on investing, working on Bay St. followed by a networking session September 25 th :00pm 4:00pm Paul Martin Centre

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9 Sentry Stock Pitch Competition November 15, Judges Networking Session, Keynote from Dennis Mitchell and Mock Interviews Why? Co-op Experience Full Time Network *We will accommodate classes and midterms

10 What we do here at the LIFA weekly meetings? Teach In (Not what is taught in Class, but the stuff that really matters from practitioners) Pitch Friends in the Industry to talk about their experience (Including LSIF) Q&A (Professional Advice, Resources and General Questions)

11 What we do here at LIFA Stock Pitch Competition Networking Events Speaker Panels Workshops

12 Why Finance? Intellectually Stimulating Environment Most Competitive Amazing Learning Opportunity Money*

13 Rules of these meetings Ask Questions- Interactive Put your hand up you want me to repeat something Leave through the back Let me know if there is a topic that interests you and we can talk about it! No set time you have to be here

14 Careers in Finance Investment Banking Private Equity Financial Analyst Asset Management Risk Management

15 Careers in Finance Investment Banking Private Equity Financial Analyst Asset Management Risk Management

16 Investment Banking

17 Private Equity

18 Equity Research

19 Path of a Laurier Student By: Mike Faulds Full Time Investment Banking at RBC Capital Markets

20 How does a Laurier student get into capital markets? The path for a Laurier student is different than for a typical business student Co-op / Summer Recruitment Application Process Interview Process Did / Didn t Get a Job This will be a walk-through of how it s different for Laurier students

21 Co-op is not the only way to getting a capital markets job Benefits of Co-op Benefits of Summer Recruitment Less Competitive More likely for full-time Chance to do more than 1 term Process similar to full-time Puts you in contact with Laurier alum Generally easier Co-op isn t necessarily the ONLY way onto Bay Street

22 How does a Laurier student get into Capital Markets? The path for a Laurier student is different than for a typical business student Co-op / Summer Recruitment Application Process Interview Process Did / Didn t Get a Job This will be a walk-through of how it s different for Laurier students

23 How does a Laurier student get into Capital Markets? This is the ONLY way to separate yourself from other people when you have no work experience Answer these 3 questions: Does this person really want to do finance? What have they done to prove that their interested in finance? Does this person want to work at MY firm? Answer these 3 questions when making your resume

24 How does a Laurier student get into Capital Markets? This is the ONLY way to separate yourself from other people when you have no work experience Answer these 3 questions: Does this person really want to do finance? What have they done to prove that their interested in finance? Does this person want to work at MY firm? Mention in Cover Letter Mention in Resume 1 PAGE Answer these 3 questions when making your resume

25 How does a Laurier student get into Capital Markets? This is the ONLY way to separate yourself from other people when you have no work experience Answer these 3 questions: Does this person really want to do finance? What have they done to prove that their interested in finance? Does this person want to work at MY firm? Mention in Cover Letter Put CLUB position on Mention in Resume Books you've read 1 PAGE Stocks you own and why Answer these 3 questions when making your resume

26 How does a Laurier student get into Capital Markets? This is the ONLY way to separate yourself from other people when you have no work experience Answer these 3 questions: Does this person really want to do finance? What have they done to prove that their interested in finance? Does this person want to work at MY firm? Mention in Cover Letter Put CLUB position on Firm specific cover letter Mention in Resume Books you've read Mention recent events 1 PAGE Stocks you own and why Answer these 3 questions when making your resume

27 How does a Laurier student get into Capital Markets? The path for a Laurier student is different than for a typical business student Co-op / Summer Recruitment Application Process Interview Process Did / Didn t Get a Job This will be a walk-through of how it s different for Laurier students

28 How does a Laurier student get into Capital Markets? By FAR the hardest and most over-looked aspect of getting a job Sample questions that you WILL get: Run me through a discounted cash flow analysis (DCF). What are the three main methods of valuation? Pitch me a stock. Sample questions that you might get: What do you do in your spare time? Why do you want to work at RBC instead of BMO? Pitch me another stock. You need to prepare very hard for finance interviews

29 How does a Laurier student get into Capital Markets? Websites to Use Books to Read Mergers & Inquisitions Deal Book Wall Street Oasis (try not to) Finance Interviews 101.com The Intelligent Investor One Up On Wall Street Investment Banking by Josh R. Created by an Ivey grad You need to prepare very hard for finance interviews

30 How does a Laurier student get into Capital Markets? The path for a Laurier student is different than for a typical business student Co-op / Summer Recruitment Application Process Interview Process Did / Didn t Get a Job End of the walk through.

31 Websites to Check Out Mergers and Inqusitions Wall Street Oasis Investopedia Aswath Damadoran Dealbook WSJ BNN Cambridge Global Asset Management Blogs

32 Book Recommendations

33 Book Recommendations Intelligent Investor Common Stocks & Uncommon Profits One up on Wall Street Berkshire Hathaway s Shareholders Letters Valuation- McKinsey Fooling Some of the People All of the Time Understanding Michael Porter Strategic Logic Competition Demystified Fooled by Randomness

34 Things to Learn Bloomberg- Classes are Open, I recommend checking them out Excel- Become an expert as modeling does help Be an active reader- Take out being Passive Follow the markets Easier said than done

35 Key Tips to New Members Attend the meetings Soak up as much knowledge as possible Network with the Execs, we don t bite Ask for advice Attend the events Utilize the resources we give you Grind

36 Next Week How to do a Pitch