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Graduate Finance Association New Member Meeting – Sept. 12, 2006


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Graduate Finance Association New Member Meeting – Sept. 12, 2006

  1. 1. Graduate Finance Association New Member Meeting – Sept. 12, 2006
  2. 2. VP Investment Banking Relations <ul><li>Investment Banking Group </li></ul><ul><li>Wall Street Trek </li></ul><ul><ul><li>November 15-17 (Wed-Fri) </li></ul></ul><ul><ul><li>10 Banks in 3 days </li></ul></ul><ul><li>Positions on Wall Street </li></ul><ul><ul><li>Investment Banking </li></ul></ul><ul><ul><ul><li>Sales & Trading </li></ul></ul></ul><ul><ul><ul><li>Corporate Finance </li></ul></ul></ul><ul><ul><li>Private Client Services </li></ul></ul><ul><li>Other Positions on Wall Street </li></ul><ul><ul><li>Hedge Funds </li></ul></ul><ul><ul><li>Asset Management </li></ul></ul><ul><ul><li>Private Equity </li></ul></ul>
  3. 3. Wall Street Trek
  4. 4. Wall Street Trek <ul><li>Common excuses </li></ul><ul><ul><li>Same as an info session….I don’t get any one-on-one time, so they won’t remember me. </li></ul></ul><ul><ul><li>I’m not sure about banking or if I want to live in NYC </li></ul></ul><ul><ul><li>What about Class?!? </li></ul></ul><ul><ul><li>This is a banking only trip, so it’s not valuable to me </li></ul></ul><ul><ul><li>Cost </li></ul></ul>
  5. 5. Wall Street Trek: To Do List <ul><li>To Do’s for the Trek: </li></ul><ul><ul><li>Email Kirby to get on the Trek list </li></ul></ul><ul><ul><li>Make plane reservations soon </li></ul></ul><ul><ul><ul><li>Arrive Tuesday night (Nov. 14) </li></ul></ul></ul><ul><ul><li>Contact friends/family for place to stay </li></ul></ul><ul><ul><li>Contact Kirby to get on the Hotel list </li></ul></ul><ul><ul><li>2 WST/Bank Review Meetings </li></ul></ul><ul><ul><ul><li>Early October - TBD </li></ul></ul></ul><ul><ul><ul><li>Early November - TBD </li></ul></ul></ul>
  6. 6. Investment Banking Group <ul><li>Kirby Jackson </li></ul><ul><li>VP Investment Banking Relations </li></ul><ul><li>Bio: </li></ul><ul><li>Baton Rouge, LA </li></ul><ul><li>Episcopal High School </li></ul><ul><li>Southern Methodist University </li></ul><ul><li>Finance Major with concentration in Accounting </li></ul><ul><li>Bell Helicopter Textron (3 Years) </li></ul><ul><li>Corporate Finance, Program Controls </li></ul><ul><li>Defense Contracts - Osprey </li></ul><ul><li>Merrill Lynch </li></ul><ul><li>Gaming, Leisure, & Transportation </li></ul>
  7. 7. Investment Banking Group <ul><li>My job: </li></ul><ul><ul><li>To inform first years about the norms of banking, job search, and networking </li></ul></ul><ul><ul><li>To facilitate connections with second years </li></ul></ul><ul><ul><li>To facilitate connections with alumni </li></ul></ul><ul><li>Your job: </li></ul><ul><ul><li>Meet with second years with banking experience </li></ul></ul><ul><ul><li>Make active effort to get up to speed on the industry </li></ul></ul><ul><ul><ul><li>Understand differences between the banks </li></ul></ul></ul><ul><ul><ul><ul><li>Culture </li></ul></ul></ul></ul><ul><ul><ul><ul><li>History </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Market positions </li></ul></ul></ul></ul><ul><ul><ul><ul><li>SWOT Analysis </li></ul></ul></ul></ul><ul><ul><li>Give thoughtful consideration to why and where you want to do this job </li></ul></ul><ul><ul><li>Last step is contacting Alumni for informational interviews once you are prepared </li></ul></ul>
  8. 8. Why Investment Banking? <ul><li>Pros: </li></ul><ul><ul><li>Best possible training in Corporate Finance </li></ul></ul><ul><ul><li>Steep Learning Curve </li></ul></ul><ul><ul><li>Strategic/Analytical work </li></ul></ul><ul><ul><li>Exposure to senior officers in an industry </li></ul></ul><ul><ul><li>High Quality Peers </li></ul></ul><ul><ul><li>Highest and steepest pay scheme </li></ul></ul><ul><ul><li>THE RUBBER STAMP! enabled career track </li></ul></ul><ul><li>Cons: </li></ul><ul><ul><li>Work/Life Balance </li></ul></ul><ul><ul><ul><li>Unpredictable schedule </li></ul></ul></ul><ul><ul><ul><li>Nature of Client Services </li></ul></ul></ul><ul><ul><li>Detail Oriented work </li></ul></ul><ul><ul><li>Administrative Oriented work….FORMATTING!!! </li></ul></ul><ul><ul><li>Egos (Masters of the Universe) </li></ul></ul>
  9. 9. Investment Banking Group <ul><li>Info Sessions </li></ul><ul><li>WST </li></ul><ul><li>Informational Interviews </li></ul><ul><li>New York vs. Houston </li></ul>
  10. 10. Investment Banking Group <ul><li>Do Not’s of networking with bankers: </li></ul><ul><ul><li>Never ask about the hours they work </li></ul></ul><ul><ul><li>Never demean the role of an analyst </li></ul></ul><ul><li>Skillset </li></ul><ul><ul><li>Accounting heavy </li></ul></ul><ul><ul><li>Financial background </li></ul></ul><ul><ul><li>Client services background </li></ul></ul><ul><ul><li>Strong Work Ethic </li></ul></ul>
  11. 11. Investment Banking Universe <ul><li>Old Guard(Bulge Bracket)focus on IB </li></ul><ul><li>New Guard(Universal Banks)offer everything </li></ul>
  12. 12. McCombs Relationships: New York <ul><li>Regularly Hire (McCombs is a focus school) </li></ul><ul><li>Relationship in Progress </li></ul><ul><li>Beat down the doors!!! </li></ul>
  13. 13. McCombs Relationships : Houston <ul><li>Regularly Hire (McCombs is a focus school) </li></ul><ul><li>Relationship in Progress </li></ul><ul><li>Beat down the doors!!! </li></ul>
  14. 14. Second Year Bankers