1. DARSHAN SHAH, CFA LEVEL 1 CANDIDATE
20 Poncetta Dr, Apt 338, Daly City, CA 94015 +1-773-971-9843 darshan.shah@global.t-bird.edu
EDUCATION
Thunderbird School of Global Management Phoenix, AZ, USA
MS in Global Management, Focus: Global Finance – GPA: 3.75/4.0; GMAT: 710 December 2012
• Bloomberg Product Certification
Veermata Jijabai Technological Institute (VJTI) Mumbai, MH, India
B. Tech. Information Technology – GPA: 3.6/4.0 May 2011
• Founder & Chairman, Students’ Council (2010-11); General Secretary, Enthusia (2009-10)
PROFESSIONAL EXPERIENCE
Thunderbird Global Investment Group Phoenix, AZ, USA
Student Portfolio Analyst Sept 2012 – Dec 2012
• Actively managed $100,000 investment portfolio by analyzing global market trends and developing investment
strategies based on fundamental and basic technical analysis
• Analyzed financial risks and economic trends and presented buy, hold, sell recommendations for stocks
Derivatives Analytics & Risk Management Applications – Dr. Jarl Kallberg Phoenix, AZ, USA
Research Assistant, Thunderbird School of Global Management May 2012 – Aug 2012
• Extracted data for 40 most actively traded stocks from Bloomberg and implemented Black-Scholes and Manester’s
implied volatility approximation model using macros to track option delta and gamma values
• Analyzed the impact of skewness, liquidity and other factors on the accuracy of theoretical delta and gammas in
equity option pricing
• Executed quantitative and statistical analyses to translate data into actionable insights
Magnum Equity Broking Ltd. Mumbai, MH, India
Equity Research Analyst Intern May 2011 – July 2011
• Fundamental research on technology & fast-moving consumer goods sectors to comprehend market trends
• Assisted research analyst by attending analyst calls and providing investment recommendations
PROJECTS
Indian Institute of Quantitative Finance
• Computed and studied the correlations of market indices of 7 countries and global commodities (gold and oil)
• Performed regression analysis on weekly data for last 15 years to derive a formula for the combined effect of gold
and oil on the market index to be used for hedging purposes
Cross border M&A transaction analysis: SoftBank buys Sprint
• Conducted valuation analysis based on public and transaction comparables
• Analyzed the strategic rationale from acquirer’s perspective and the expected synergies from the deal
Financial Engineering
• Presented a €10 million relative value strategy on CDS spreads for European sovereign debt market
• Presented a $100,000 covered call strategy for the endowment fund analyzing the delta and theta for the position
• Created a $100,000 long volatility investment strategy for the endowment fund analyzing vega and theta per dollar
Portfolio Management
• Modeled several multi-billion dollar US Pension Plans’ asset allocation policies using current industry capital market
assumptions and appropriate peer accepted constraints recommending optimal portfolios relative to efficient frontier
• Modeled the inclusion of alternative asset classes in a $200 million Arizona-based Foundation’s asset allocation
• Performed style analysis to determine various manager’s style and adherence to specified benchmarks
• Utilized Barra Aegis Portfolio Manager to model various institutional Domestic Equity Portfolios
• Analyzed Wells Fargo 401k plan performing asset allocation study and style analysis of each fund and provided
recommendations for investments
Wall Street Financial Modeling Prep
• Performed company valuations building a financial statement model using DCF analysis
• Built cash flow model, with 5-year projections, debt and interest schedules, revolver and sensitivity tables and
modeled pro forma financial statement
Data Analysis Sales Simulation
• Formulated company analysis using MS Excel based on strategy, revenues and costs over 4 quarters
• Predicted behavior of existing system and performed strategic, quantitative decision making using @RISK
PROGRAMMING SKILLS & TOOLS
VBA; SQL; MATLAB; Excel; SPSS; C++; Bloomberg; Ibbotson Encorr; Zephyr Style Advisor; Barra Aegis Portfolio Mgr
OTHER ACTIVITIES
• Asst. Treasurer, Thunderbird Student Government – Spring ‘12
• Vice President, Indian Sub-Continent Club (Awarded ‘Best Event Management Club’) – Spring ‘12
• Business consulting case competition ‘Clash of Consultants’: Winner – Fall ’11; Runners-up: Spring ‘12