Applied Investment Management

Transcription

1 Applied Investment Management Open House Where: Straz Hall 488, AIM Research Room When: Friday, September 4 th 2:00-3:00 pm Open House 2-2:20 General AIM Information 2:20-2:40 Discussion of AIM Application Process 2:40-2:50 Business Career Center Presentation Will not be held 3:00-4:30 pm AIM Students Equity Presentations AIM@marquette.edu

2 AIM Program Application Information Dr. David Krause, AIM Director

3 AIM Program Info AIM Program Slide 17: New AIM Track Slide 22: AIM Application Process Slide 33: Business Career Center Slide 39: Contact Info

4 AIM Program Mission Statement The Applied Investment Management program, guided by Marquette University s Jesuit values, provides undergraduate students with the opportunity to integrate the financial principles they are learning, along with relevant internships and investment experiences, so that they may become proficient and ethical investment research.

5 AIM Program Overview The Applied Investment Management program at Marquette University is one of the few undergraduate programs in investment management Students fulfill course requirements which integrate: - financial principles - relevant internships - investment management experiences

6 AIM Program Components Comprehensive academic curriculum centered on the CFA Institute's core body of knowledge Instruction from experienced finance faculty, as well as investment professionals from leading financial institutions High-quality summer internships, which will allow students to apply and integrate their academic knowledge in the investment industry Fully functional research room, featuring state-of-the-art, hands-on investment technology and information systems Three student-managed fund (small cap domestic, international equity and fixed-income)

7 Marquette s AIM program is adding a Private Equity & Banking track Dr. David Krause, AIM Program Director AIM program Investments track Private Equity & Banking track

8 AIM Research Room Built in 2008 (Updated market board in 2012 and TV s 2013) Students work with the same financial tools used by investment professionals (Bloomberg, Thomson, Morningstar, etc.) Benefits of the AIM research room: quick and easy access to financial data increased exposure to real-time financial market activity hands-on experience with tools of the investment trade

9 AIM Market Board

10 CFA Institute Educational Program Partner In 2006 Marquette s AIM Program was the first undergraduate business program selected as a CFA Institute Program Partner Partnership delegation requirements: - Covers 70% of the CFA Program Candidate Body of Knowledge - CFA Institute Ethical and Professional Standards, among other requirements

11 CFA Investment Research Challenge AIM Teams CFA Team 2015 CFA Team CFA Team CFA Team 2010 CFA Team 2011 CFA Team 2012

12 AIM Class of 2015 Career Placements Firm Name Citi Private Bank Kramer Van Kirk Credit Strategies Kohl's Bank of America Merrill Lynch Robert W. Baird William Blair Bank of America Merrill Lynch Morgan Stanley Citi Private Bank Aon Hewitt Robert W. Baird B.C. Ziegler & Co. Robert W. Baird Cleary Gull BNP Paribas Aon Hewitt JPMorgan Chase & Co. Lazard Middle Market T3 Trading Group, LLC Heck Capital Advisors Northwestern Mutual Capital Balyasny Asset Management Nothern Trust Northwestern Mutual Wealth Management Guotai Junan Private Equity Lazard Middle Market China Construction Bank JP Morgan Simon Business School, University of Rochester Bank of New York Mellon Deutsche Bank BNP Paribas Robert W. Baird Ziegler Capital Deutsche Asset & Wealth Management PNC Financial Services Parametric JP Morgan Chase City, State Chicago, IL Chicago, IL Milwaukee, WI Chicago, IL Nashville, TN Chicago, IL New York, NY New York, NY New York, NY Chicago, IL Milwaukee, WI Milwaukee, WI Milwaukee, WI Milwaukee, WI New York, NY Chicago, IL New York, NY Minneapolis, MN New York, NY Rhinelander, WI Milwaukee, WI New York, NY Chicago, IL Milwaukee, WI Hangzhou, China Hong Kong Minneapolis, MN Suzhou, China New York Rochester, NY Brooklyn, NY New York New York, NY Milwaukee, WI Milwaukee, WI New York, NY Milwaukee, WI Minneapolis, MN Milwaukee, WI

13 AIM Student-Managed Funds Small Cap Equity Micro-Cap Fund International Equity Fixed Income

14 CFA Exam Results

15 AIM Internships and Placements 1492 Capital Management Accenture AllState Insurance Alpha Investment Consulting American Family Insurance American Investment Services Artisan Partners Barclays BNP - Paribas BMO Harris Bank of America Merrill Lynch Black Eagle Partners Barclays BlackRock Brady Corporation Broadview Advisors Calamos Asset Management Campbell Newman Asset Mngt Capital Market Consultants LLC Capital Innovations Capital Strategies Group Cascade Investments Case New Holland Citigroup Global Markets Inc. Citigroup Global Markets Inc. City of Milwaukee Pension Fund Clearbrook Investments Cleary Gull Cortina Asset Management Credit Suisse Deerfield Capital Management LLC Deutsche Bank Corporate Financial Advisors Driehaus Capital Management Elementum Advisors Ernst & Young Ennis Krupp + Associates Fiduciary Management Associates Fortress Partners Capital Management Forward Funds Francis Investment Counsel G. K. Baum Geneva Capital Management Gates Foundation Goldman Sachs Grosvenor Capital Management

16 AIM Internships and Placements Harris & Associates Heartland Funds Henderson Global Investors Hewitt Associates Invex Invesco JP Morgan KLD Research & Analytics Inc. Lakeview Equity Partners LLC Larson Financial Lazard / Agio Goldsmith Legacy Capital Lehman Brothers Lightpoint Capital MBO Cleary Advisors Inc. M&I Investment Management Mannheim Marquette Associates Mason Street Advisors LLC Mercer Oliver Wyman Consulting Mesirow Morgan Stanley Munder Capital Management Northern Trust Northern Oak Capital Management Northwestern Mutual Life PNC Pennant Management Inc. Phalanx Capital Management Pricewaterhouse Coopers Principal Global Investors RBS Relative Value Partners LLC Robert W. Baird & Company Seizert Capital Partners Stark Investments Stephens Timpani Capital Management Travelers Insurance UBS Global Asset Management US Bancorp Fund Services US Treasury Uniplan Advisors Wasatch Advisors Wells Capital Management Wells Fargo Ziegler Lotsoff Capital Management

17 What is the Private Equity & Banking Track? While similar to the Investments track, it focuses on the concepts and skills necessary to succeed in the private equity and investment banking sector.

18 How does the curriculum differ between the two AIM tracks? Generally speaking, they are the same through the junior year. In the senior year, the PE & Banking track requires that the following courses be taken in lieu of three investments courses: FINA 4381: Investment Banking FINA 4340: Private Equity, Society and Ethics FINA 4350: Applied Financial Modeling

19 What are some of the applied learning elements of the new track? Summer internships Opportunities for students to learn from experienced professionals Financial modeling and case studies Management of a micro-cap equity fund Use of in the trenches guest speakers in the classroom Creation of a Private Equity & Banking Club Opportunities for students to assist in the monitoring and evaluation of the performance of private equity investments within various investment portfolios

20 When does a student accepted into AIM get assigned to a specific track? Before enrolling for courses for the fall semester of their senior year (March), they will be designated into Investments or Private Equity & Banking track. Program director (Krause) will advise the student as to the best track based on their background and area of interest. Best efforts will be made to assign students to their desired track. Factors taken into consideration will be the students career interests, internship offers, and cumulative grade point.

21 AIM Program Staff Dr. David Krause (AIM Program Director) Bill Walker (Investments) Chris Merker (Ethics) Jeff Germanatto (Investment Banking / Private Equity) Michael Wagner (Entrepreneurial Finance / Alternative Investments) Scott Hawig (Advanced Financial Modeling) Jessica Hoerres (AIM Program Coordinator)

22 Applying to the AIM Program Undergraduate students apply to the AIM program during the fall semester of their junior year. They will need to have taken or be enrolled in FINA 3001 and ACCO 3001 at the time of the application. The following application material is required: Two letters of recommendation (sent from recommender to Dr. Krause) Completion of the electronic application Upload the following with the electronic application: 1. MU Graduation Checklist 2. Resume 3. Application essay Interviews with Dr. Krause and Professional Community Notification of acceptance occurs in early October (well before advising week).

23 AIM Application Important Dates for Class of 2017 September 11 Complete AIM electronic application packet and LOR due September One half hour Interview with Dr. Krause and finance faculty (exact time to be scheduled individually) October 3 AIM Super Saturday Interviews (plan on entire morning 8 noon)

24 AIM Application Complete Packet For your application to be complete, the information must be submitted electronically through the AIM website.

25 AIM application process is completely electronic (except LOR)

26 AIM Application Piece: Electronic application (Website: Marquette/AIM/Application) Applying for AIM Name Student ID number address (use Marquette address) Year in school Will you be studying abroad? If so, list what semester(s): Current GPA Major(s) Full local address Hometown Cell phone and Local phone Career objectives

27 AIM Application Piece: MU Graduation Checklist Should be uploaded (see above) on the electronic application along with essay and resume.

28 AIM Application Piece: Essay The purpose of the essay is for you to provide more about your background than what is on your resume. This is also a test of your writing skills. I am trying to gain a better understanding about why you want to be in AIM and pursue a career in finance. This does not have to be an example of your creative writing abilities, nor is there any word count or formatting requirements.

29 AIM Application Piece: Resume (Harvard Business Style)

30 AIM Application Piece: Two letters of recommendation The purpose of these letters of recommendation is to provide more background about you than what is on a resume. We are looking for insights into your work ethic, passion for finance/business, ethics, commitment to servicing others, trustworthiness, real world knowledge, intellectual curiosity, etc. Choose people (either university or nonuniversity) who know you not just people with lofty titles. LOR is the only piece accepted via , regular mail, fax or hand delivered by recommender.

31 AIM Application Piece: Interviews All applicants will go through the following interview sessions: I will interview you (and often times I will be accompanied by another faculty member). There will be a Super Saturday session of interviews. You will meet with 5-10 AIM/Marquette alumni and investment professionals in a series of 15 minutes interviews. Ins and Outs of Wall Street interview skills are useful.

32 AIM Application: What can you do to improve the chances of being accepted? Get good grades Have a strong interest in business and finance (investments). Follow geo-political and economic news. Talk with AIM alumni and current students to get a good understanding of the program. Follow companies / industries / individual stocks Internships are good. Involvement with student and service groups are desirable.

33 MU Business Career Center Juniors As you prepare AIM applications, use the Harvard style resume.

34 MU Business Career Center Everyone Business Career Center Walk-In hours: Mondays & Wednesdays: 1-2:30pm Tuesdays & Thursdays: 10-11:30am Walk-in hours are great for: resume reviews, cover letter questions, and other minute questions.

35 MU Business Career Center Seniors Hopefully, your search is already active and productive. Tip: Schedule a practice interview. Schedule a practice well in advance of your interview or Super Saturday season. For appointments, call (414)

36 MU Business Career Center Everyone: Search Resources Posting, targeting, networking ReferenceUSA great tool! Library Databases Business Career Center website Consider deadlines Networking & employers application websites

37 MU Business Career Center MU Career Manager: Applications OCI Timelines Qualified Schedules All Schedules

38 MU Business Career Center Questions? Business Career Center Appointments: (414) Walk-in Hours: Mondays & Wednesdays: 1-2:30pm Tuesdays & Thursdays: 10-11:30am

39 Contact Info Applied Investment Management Program Marquette University Dr. David Krause, AIM Director Telephone: (414) Visit the AIM at: AIM Web: AIM Blog: Twitter: Facebook: