Financial Economics Institute

2010 New York City Networking Trip

During the week of January 11, 2010, the Financial Economics Institute sponsored the seventh annual New York City Networking Trip, which provided an extraordinary learning experience for 3 sophomores, 10 juniors, and 4 seniors.

This was the first year that the trip was organized by students. The student-run committee was comprised of a group of four seniors: Maria Löhner, Kyle Casella, Noah Franz, and Nikolas Miller. The students met on a weekly basis to organize everything from firm visits to networking events.

During the week, the students visited eight firms including: Deutsche Bank, J.P. Morgan, Atalaya Capital, Morgan Stanley, Royal Bank of Canada, the Capital Group, Deloitte Consulting, and Goldman Sachs. In addition, they were invited to an opening dinner, a cocktail party, and a young alumni panel.

The week in NYC began with an introductory reception and dinner that was hosted by Julie Spellman Sweet '89 at Cravath, Swaine & Moore. At the reception, students had dinner with FEI Board Members and alumni in the field of finance. The dinner was followed by a presentation entitled, Liquidity Provision and Informed Trading in the Credit Derivatives Market featuring Professor Fan Yu.

On Tuesday morning, the students enjoyed breakfast with Ivan Zinn '96 at his hedge fund, Atalaya Capital. Mr. Zinn discussed his role as Founder and President, including how the firm was founded and the changing strategy throughout the years. At Atalaya, students also met Ashley Fochtman, Head of Investor Relations, who explained her role and her path to the firm. Mr. Zinn finished the visit with a quiz for students about current events, complete with Atalaya gear as prizes.

Next, students visited Deutsche Bank's Credit Risk Management Department and had lunch with Alan Delsman '68, Managing Director, and Rich Ferguson '80, Managing Director, Treasurer - Americas. The students discussed how to evaluate risk, especially in the current economic environment.

In the afternoon, the students visited J.P. Morgan and met with Amanda Wilson '98, Portfolio Manager in J.P. Morgan Investment Management. She started off the visit with an overview of the firm's private equity group, in particular, discussing its strategy and evaluation methods. The students also heard from recruiters about career opportunities within J.P. Morgan.

On Tuesday evening, the students attended a CMC Alumni Association reception hosted by Kristen Edgreen Kaufmann '98 at The Yale Club. The reception drew many members of the CMC community including current students, alumni, parents, and CMC faculty. The evening gave students an excellent opportunity to interact with alumni, establish contacts, and openly ask questions outside a formal business setting.

On Wednesday, the group headed downtown to meet Robert Wetenhall '94, Vice President, High Yield Research Analyst - U.S. Debt Markets, to get an overview of Sales and Trading at the Royal Bank of Canada. Mr. Wettenhall gave the students a tour of the firm's trading floor, where scenes for the upcoming film Wall Street: Money Never Sleeps were shot.

The group had lunch at The Capital Group where they were hosted by Brad Barrett '00, Partner, and Joe Matt '99, Vice President. The two hosts explained their firm's strategy, their paths to the firm, and what they thought made the company unique.

That afternoon the students visited Morgan Stanley, where Managing Director Scott Ashby '95 hosted the students for an overview of the firm's debt capital markets business. This discussion included Morgan Stanley's recent role in the government's regulatory changes. The students also enjoyed an analyst panel, where they could ask questions about the transition from college to the first years on Wall Street.

This year there was a new addition to the program, a dinner with young alumni from the Claremont Colleges. Attending the dinner were Asaf Bernstein HMC '08, a quantitative trading analyst at Citi, Valay Shah '08, an investment banking analyst at Moelis & Co, and Tejas Gala '09, a market risk management analyst at Deutsche Bank. The three alums provided helpful advice on the interview process, anecdotes about work after CMC, and three unique perspectives.

On Thursday, the final day of activities in New York City, students began their day by visiting Deloitte Consulting. Celia Ramos, a Senior Manager, and Greg Pavlik, a Principal, hosted the students at Deloitte. Following a presentation which provided an overview of the consulting industry, students participated in an analyst panel, featuring Rishi Reddy '07, which enabled students to ask candid questions. The visit to Deloitte provided a great opportunity for the students to learn about the differences between consulting and banking.

The final visit was to Goldman Sachs where the students met with David Alvillar '01, a Vice President in Capital Structure Finance Trading, and Andrew Kaiser P'13, COO of the Goldman Sachs Bank. Kaiser discussed some of the bank's broader strategies in addition to Goldman's role in the recent governmental and regulatory changes facing the finance world. Mr. Alvillar introduced students to the organization and culture of Goldman Sachs as well as an array of opportunities within the bank.

This year some firms, such as Deutsche Bank, took the initiative to interview students while they were in New York. Several students have already secured summer internships based on interviews and connections made in New York. Two students will be joining Robert Wetenhall '94 this summer and one student will be at DB with Alan Delsman '68 and Rich Ferguson '80.

The students will undoubtedly benefit from these visits as well as the opportunity to meet extensively with CMC alums who have established themselves in successful careers in New York. These relationships and this experience will be invaluable for the students as they continue at CMC and after graduation. Ongoing alumni support for the Financial Economics Institute not only reflects the strength of the CMC community and the advantages of a CMC education, but is ultimately responsible for the success of endeavors such as the New York City Networking Trip.

The seventh annual New York City Networking Trip was a great success. It was a record year in the number of firms visited. The breadth of firms allowed students to gain a greater insight into the many different opportunities within the field of finance. The students learned about consulting, investment banking, sales and trading, asset management, private equity, and hedge funds.

During the week of January 11, 2010, the Financial Economics Institute sponsored the seventh annual New York City Networking Trip, which provided an extraordinary learning experience for 3 sophomores, 10 juniors, and 4 seniors.

This was the first year that the trip was organized by students. The student-run committee was comprised of a group of four seniors: Maria Löhner, Kyle Casella, Noah Franz, and Nikolas Miller. The students met on a weekly basis to organize everything from firm visits to networking events.

During the week, the students visited eight firms including: Deutsche Bank, J.P. Morgan, Atalaya Capital, Morgan Stanley, Royal Bank of Canada, the Capital Group, Deloitte Consulting, and Goldman Sachs. In addition, they were invited to an opening dinner, a cocktail party, and a young alumni panel.

The week in NYC began with an introductory reception and dinner that was hosted by Julie Spellman Sweet '89 at Cravath, Swaine & Moore. At the reception, students had dinner with FEI Board Members and alumni in the field of finance. The dinner was followed by a presentation entitled, Liquidity Provision and Informed Trading in the Credit Derivatives Market featuring Professor Fan Yu.

On Tuesday morning, the students enjoyed breakfast with Ivan Zinn '96 at his hedge fund, Atalaya Capital. Mr. Zinn discussed his role as Founder and President, including how the firm was founded and the changing strategy throughout the years. At Atalaya, students also met Ashley Fochtman, Head of Investor Relations, who explained her role and her path to the firm. Mr. Zinn finished the visit with a quiz for students about current events, complete with Atalaya gear as prizes.

Next, students visited Deutsche Bank's Credit Risk Management Department and had lunch with Alan Delsman '68, Managing Director, and Rich Ferguson '80, Managing Director, Treasurer - Americas. The students discussed how to evaluate risk, especially in the current economic environment.

In the afternoon, the students visited J.P. Morgan and met with Amanda Wilson '98, Portfolio Manager in J.P. Morgan Investment Management. She started off the visit with an overview of the firm's private equity group, in particular, discussing its strategy and evaluation methods. The students also heard from recruiters about career opportunities within J.P. Morgan.

On Tuesday evening, the students attended a CMC Alumni Association reception hosted by Kristen Edgreen Kaufmann '98 at The Yale Club. The reception drew many members of the CMC community including current students, alumni, parents, and CMC faculty. The evening gave students an excellent opportunity to interact with alumni, establish contacts, and openly ask questions outside a formal business setting.

On Wednesday, the group headed downtown to meet Robert Wetenhall '94, Vice President, High Yield Research Analyst - U.S. Debt Markets, to get an overview of Sales and Trading at the Royal Bank of Canada. Mr. Wettenhall gave the students a tour of the firm's trading floor, where scenes for the upcoming film Wall Street: Money Never Sleeps were shot.

The group had lunch at The Capital Group where they were hosted by Brad Barrett '00, Partner, and Joe Matt '99, Vice President. The two hosts explained their firm's strategy, their paths to the firm, and what they thought made the company unique.

That afternoon the students visited Morgan Stanley, where Managing Director Scott Ashby '95 hosted the students for an overview of the firm's debt capital markets business. This discussion included Morgan Stanley's recent role in the government's regulatory changes. The students also enjoyed an analyst panel, where they could ask questions about the transition from college to the first years on Wall Street.

This year there was a new addition to the program, a dinner with young alumni from the Claremont Colleges. Attending the dinner were Asaf Bernstein HMC '08, a quantitative trading analyst at Citi, Valay Shah '08, an investment banking analyst at Moelis & Co, and Tejas Gala '09, a market risk management analyst at Deutsche Bank. The three alums provided helpful advice on the interview process, anecdotes about work after CMC, and three unique perspectives.

On Thursday, the final day of activities in New York City, students began their day by visiting Deloitte Consulting. Celia Ramos, a Senior Manager, and Greg Pavlik, a Principal, hosted the students at Deloitte. Following a presentation which provided an overview of the consulting industry, students participated in an analyst panel, featuring Rishi Reddy '07, which enabled students to ask candid questions. The visit to Deloitte provided a great opportunity for the students to learn about the differences between consulting and banking.

The final visit was to Goldman Sachs where the students met with David Alvillar '01, a Vice President in Capital Structure Finance Trading, and Andrew Kaiser P'13, COO of the Goldman Sachs Bank. Kaiser discussed some of the bank's broader strategies in addition to Goldman's role in the recent governmental and regulatory changes facing the finance world. Mr. Alvillar introduced students to the organization and culture of Goldman Sachs as well as an array of opportunities within the bank.

This year some firms, such as Deutsche Bank, took the initiative to interview students while they were in New York. Several students have already secured summer internships based on interviews and connections made in New York. Two students will be joining Robert Wetenhall '94 this summer and one student will be at DB with Alan Delsman '68 and Rich Ferguson '80.

The students will undoubtedly benefit from these visits as well as the opportunity to meet extensively with CMC alums who have established themselves in successful careers in New York. These relationships and this experience will be invaluable for the students as they continue at CMC and after graduation. Ongoing alumni support for the Financial Economics Institute not only reflects the strength of the CMC community and the advantages of a CMC education, but is ultimately responsible for the success of endeavors such as the New York City Networking Trip.

The seventh annual New York City Networking Trip was a great success. It was a record year in the number of firms visited. The breadth of firms allowed students to gain a greater insight into the many different opportunities within the field of finance. The students learned about consulting, investment banking, sales and trading, asset management, private equity, and hedge funds.