Posts Tagged ‘Finance Boot Camp’

Finance Boot Camp – The Beginning

September 29th, 2011 by kkayer

The COES & Prebusiness office has been hard at work all summer and this past month preparing the first ever FINANCE BOOT CAMP.  This highly competitive program is stirring up interest all over campus.  Here’s a quick overview:

  • 4-day immersion in the framework and careers of Wall Street.
  • Interview prep simulating the fast paced, intense environment of a Super Day.
  • Networking opportunity with HC alum working on Wall Street.

We have interviewed 78 extremely qualified candidates for 30 coveted spots.

This program, like all other COES programs, brings successful alumni back to campus to help better prepare HC students for jobs in business, specifically finance in this case.  It’s bound to be an intense and exhausting week and we’ll be blogging each day, so watch for updates.

As always, don’t forget to “Like” us on FACEBOOK and look for our WIB, SBP and ELW groups on LinkedIN!

Kaithlyn

Kaithlyn Kayer
Associate Director, Entrepreneurial Studies

David Chu
Director, Entrepreneurial Studies & Pre-business Advisor

Summer Business Program: Week 2 part 1

June 8th, 2011 by kkayer

Our guest blogger, Quinn, is back with more from SBP.  I’ve asked her to share a brief bio this week as well.  ENJOY!

Quinn Korzeniecki is a senior English major with a Pre-Business concentration. She is editor-in-chief of The Advocate, a progressive online publication at Holy Cross, and works as an assistant in the Vice President and Dean of Academic Affairs Office. As a participant in the Summer Business Program, she hopes to learn more about marketing and advertising aspects of business. Quinn aspires to enter into publishing either in the editorial, marketing, or advertising departments.

On Friday, we learned about something for which my dad would be very proud of me if I could only accomplish it: personal finance, investments, and mutual funds. Professor Anderton taught us all about the similarities and differences between stocks and bonds. He stressed the importance of setting up a financial plan to control spending after graduation. Also, we discussed how profitable long-term investments can be especially if we start at our young age. Because of this workshop, I plan on saving the first significant amount of spare cash that I earn, investing it in stocks, and praying that in 50 years it will amount to 5 million dollars like it did for Susan Smith in the example. Hey, a girl can dream.

Along the same lines of personal finance, Professor Chu lead Monday’s workshop on accounting. We learned more about the individual shareholder’s piece of profit from stocks in the company. In the afternoon we learned about the terminology needed to understand the business world in general: one of the most interesting things I learned was that companies are obliged to report risk factors to the Security Exchange Commission. Therefore, when we had to list the cons of investing in the insulin pump company Insulet we realized that a natural disaster like the tornadoes that recently tore through Massachusetts could demolish the company’s only storage warehouse. Yet, sometimes the future benefits outweigh the present risks, and my group ultimately decided that we would invest in Insulet.

Monday night we enjoyed a banquet-style dinner and discussion with Peter Mondani, VP of Human Resources for General Electric, who taught us about business models, personal branding, and careers. We learned that it is best to “influence without authority” by changing the opinions and viewpoints of others although you’re not in an authority position. Exude confidence but admit to making mistakes and learn from them. Also, apparently we women get red necks during interviews when we get nervous. I guess I’m “investing” in a scarf for my quickly approaching job interviews!

Tuesday afternoon focused on the job/internship search and networking. I found this particularly helpful since I’m entering my senior year and feel helpless in planning for the real world. I learned the best way to reach out to alumni and maintain informal and beneficial relationships. All in all, I’ve learned how to balance my personal finances, invest in stocks and bonds, and plan for attaining my first full-time job.

Wednesday we learn about what it means to work in finance: don’t let the English major fool you, I also enjoy math!

Keep an eye out for Quinn’s posts throughout the month!

Kaithlyn

Kaithlyn Kayer
Associate Director, Entrepreneurial Studies

David Chu
Director, Entrepreneurial Studies & Pre-business Advisor

No matter what they tell you, your GPA really does matter

May 13th, 2011 by kkayer

Yes, I realize the timeliness of this post.  And, I am aware that it might even be a little cruel, but after surveying recruiters, it’s undeniable -if you want a job in finance, you have to boost your GPA.  There’s no way around it and unfortunately the minimum keeps climbing.

An alum at JP Morgan gave us the following cold-hard facts:

  • JP Morgan won’t hire anyone below 3.4 (there was an addendum that if you manage to WOW someone in hiring, he’s seen one or two 3.2s sneak in, but it is rare.)
  • The average cumulative GPA of new hires is 3.5
  • Some colleges and universities have long-standing grade inflation practices.  You might have to work harder for your 3.5 than the next girl/guy (and you’ve earned it), but on paper it all looks the same to recruiters.
  • It’s a MYTH that it’s okay to have a rough semester your freshman year. In the world of finance, everything counts. Find a tutor, join a study group, do anything to earn those few extra points – you need it.

So, keep up the hard work and realize there is a reason you are living in Dinand.

COES wishes everyone good luck on their finals!!

Don’t forget to find us on FACEBOOK!

Keep an eye out for our FINANCE BOOT CAMP posters throughout campus and watch for an upcoming post with more info!

Kaithlyn

Kaithlyn Kayer
Associate Director, Entrepreneurial Studies

David Chu
Director, Entrepreneurial Studies & Pre-business Advisor