Strictly Private

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Strictly Private

  1. 1. Financial Management Association Execution Plan for Wall Street Trip Strictly Private & Confidential SOM 2.204 http://www.utdallas.edu/orgs/fma Financial Management Association The University of Texas at Dallas P.O. Box 830688, SU21, Richardson, TX 75083
  2. 2. Financial Management Association @ The University of Texas at Dallas Executive Summary  Financial Management Association is an organization whereby we try to develop a continuing relationship between finance practitioners and academicians and to facilitate the transfer of ideas, techniques, and advances in the field of finance between universities, businesses, and other institutions.  Dr. Mary Chaffin has been the advisor of FMA at the University of Texas at Dallas since 1990. Through the past years of effort, the organization has established its credits and profound reputations in bridging the gap between students and the professionals in the financial services business.  We are planning a trip to Wall Street. The purpose of the trip is to meet with financial professionals, to learn the real-world operation of the world’s financial centre, and to establish a connection and reputation between Wall Street and UTD.  We expect there will be 20 members attending this trip.  Students will have interaction with various investment bankers and analysts, allowing them to gain working experience from them and have an improved chance at getting a foot in the door of Wall Street. This, in turn, will leverage the school’s employment rate and salary rank.  People network connection and partial funding might be needed. Private and Confidential. 2
  3. 3. Financial Management Association @ The University of Texas at Dallas Table of Contents Executive Summary..................................................................................................................2 Table of Contents......................................................................................................................3 Introduction to the Plan.............................................................................................................4 Field Trip Objectives.................................................................................................................5 Proposed Program....................................................................................................................5 Benefits To The University of Texas at Dallas..........................................................................6 Benefits To FMA Members.......................................................................................................6 Time Frame and Budgeting......................................................................................................7 Additional Information...............................................................................................................8 Important Information: This document does not constitute a final decision. The monetary figures stated in the document are purely illustrative and do not constitute a final expense. Private and Confidential. 3
  4. 4. Financial Management Association @ The University of Texas at Dallas Introduction to the Plan The FMA Wall Street Field Trip Program provides information-gathering and networking opportunities for students in addition to establishing a further career bridge between students and the financial services industry. There are many financial service activities centered around Wall Street, especially international and investment banking, bond trading, and brokerage activities. The program provides students with an in-depth, first-hand overview of New York's financial services industry. We plan site visits to some large firms as well as attend some meetings and seminars. The visit will give the students a broad exposure of practical working style and experiences of the real world as well as enhance the image and establish the reputation of UTD. The Financial Management Association will make all the connections and plan the trip. The President, John Chung, is overseeing the plan with Executive Vice President, Wilbert Huang, as the main coordinator. The current support needed is in finding a connection to alumni working on Wall Street and obtaining partial funding for the activity. Our adviser is Dr. Mary Chaffin. She will help us in the planning and probably going with us. Private and Confidential. 4
  5. 5. Financial Management Association @ The University of Texas at Dallas Field Trip Objectives  Learn how the real-world Wall Street functions and enhance the learning process of students.  Educate and prepare students for the finance job search.  Establish networking of UTD with the firms on Wall Street.  Enhance the reputation of UTD. Proposed Program Sites Visits with the Wall Street Firms and Institutions Some suggested site visits firms are as follows: New York Mercantile Exchange (NYMEX) Federal Reserve Bank of New York NASDAQ Opening Bell Ceremony NASD Credit Suisse First Boston Piper Jaffray Bloomberg J.P.Morgan The Bank of New York Company, Inc Alliance Capital Management, LP ITG, Inc Nomura Securities International, Inc LaBranche & Co. Inc Deutsche Bank Morgan Stanley JP Morgan Chase Morgan Stanley Deutsche Bank CSFB Meetings, seminars and Networking Some suggested topics are as follows: Changing Financial Markets Importance of Investing Investment Professionals Banking and Investing Frauds and Abuses – Market Surveillance International Influences on Economic Growth Globalization: The US in the World Economy Global Concerns Insights about the Financial Services Industry Securities Transactions Derivatives Transactions Portfolio management Investment Strategies Brokerage Insurance Banking Private and Confidential. 5
  6. 6. Financial Management Association @ The University of Texas at Dallas Benefits To The University of Texas at Dallas The main objective of the Wall Street Field Trip is to leave a positive impression of UTD on Wall Street and at the same time provide Wall Street firms with a steady flow of graduates. The more graduates from UTD that get hired on Wall Street, the better the chance that future UTD graduates will get a job there. Thus enhance UTD’s prestigious reputation. A cycle of sorts thus takes hold in which stronger ties are developed between UTD and Wall Street firms, or even more nationwide financial service firms. UTD is not always on New York City firms' radar screens, metaphorically speaking. But once they see the quality of our students, we know they will be interested in recruiting UTD graduates. Since these jobs pay well and promise boundless opportunities, they offer yet another option for finance majors when choosing a career. Many schools host field trips to Wall Street and both the schools and students undoubtedly benefit from the field trip program. The Wall Street Field Trip will bring many invaluable benefits to both UTD as a whole and the participants of the field trip. Benefits To FMA Members The Wall Street Field Trip Program creates a chance for members to learn a real-world experience and extend the members’ education well beyond the classroom. It provides unique and invaluable insight into how Wall Street functions. It is a wonderful practical learning experience for FMA members. Private and Confidential. 6
  7. 7. Financial Management Association @ The University of Texas at Dallas Time Frame and Budgeting  Field Trip Time: August 8 ~ 12, 2005 (five days)  We will need partial funding of $2000 to execute the plan including the printing of Resume Book, certificates and souvenirs for the firms, etc.  We expect to get the source of funding from School of Management.  The money will be used solely for the expense of the preparation for the field trip. Budgeting for Individual Attendee The estimated expense will be used as follows: Expense Area Amount Air Fare $ 250 Lodging $ 300 Transportation $ 50 Total $ 600 Private and Confidential. 7
  8. 8. Financial Management Association @ The University of Texas at Dallas Additional Information  Activities hosted by FMA in year 2003 – 2005: • August 8th – 12th, 2005: Field Trip – Wall Street, New York City • April 1st , 2005: Field Trip – Texas Christian University, visiting the Educational Investment Fund. • March 31st, 2005: Event – Financial Career Forum • February 22nd: Event – Bloomberg Professional Software. • November 19, 2004: Event – BankONE, We will have speakers from Bank One, which is one of the largest financial service companies in the world, sharing overview of the firm and investment services. • October 27, 2004: Event – SMIF Information Session • October 22, 2004: Event – UBS Capabilities • September 17, 2004: Field Trip – First Southwest Company, We had a field trip to First Southwest Company, an investment banking firm since 1946, to learn the company and the public finance in the real business. • August 4 – 11, 2004: Field Trip – Wall Street, New York City • July 16, 2004: Field Trip – Austin Venture, EDS, Dell and Applied Materials. • April 6, 2004: Event – Finance Career Forum • March 23, 2004: Event – Your Future in the Investment Banking by Jefferies • February 18, 2004: Field Trip – The Hodges Fund – First Dallas Securities • February 5, 2004: Event – Your Challenge to Ride the Bull Seminar by Merrill Lynch • November 13, 2003: Event – The Scene Behind Mergers & Acquisitions by Houlihan Lokey Howard & Zukin • October 8, 2003: Event – Trends in Finance Today by Northwestern Mutual Financial Network • October 4, 2003: On Site Meeting – Meeting Financial Business by World Financial Group • September 11, 2003: Event – Business Performance Management Seminar by Hyperion • July 24, 2003: Dance Party Private and Confidential. 8
  9. 9. Financial Management Association @ The University of Texas at Dallas • July 17, 2003: Event – Banking Risk Management Workshop by Federal Reserve Bank of Dallas • June 10, 2003: Tour – The Dallas Federal Reserve Bank • April 19, 2003: Event – The State of Venture Capital Seminar by Genesis Campus, L.P. • April 2, 2003: Event – Financial Products Seminar • March 29, 2003: Event – Business Strategy Seminar – No Man’s Land by Tatum CFO Partners, LLP • February 17, 2003: General Meeting – Mind Your Money, Mind Your Future • February 3, 2003: General Meeting  Average number of attendants: 20  Current registered members: 53 Private and Confidential. 9

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