News

Finance students take it to 'The Street'

 

December 14, 2011

Wall Street, finance alumni provide invaluable education and networking opportunities

In an interactive classroom on the fourth floor of David A. Straz, Jr. Hall, home of the College of Business Administration, students in the highly competitive Applied Investment Management program have access to Bloomberg terminals, market boards and a host of real-time investment analysis technology. But it’s out on the street – Wall Street, that is – where these future financiers gain invaluable experience that prepares them for a career in the finance industry.

In mid-October, Dr. David Krause, AIM director, led 22 finance students to New York City for the annual Financial Management Association trip. On these trips, Krause says, Marquette alumni at some of New York’s most prestigious financial firms play a vital role in educating students beyond the classroom.

“The alumni at these firms are instrumental in creating applied learning experiences, including visits to trading floors, special speakers and meetings with campus recruiters,” Krause adds. “And the career and internship networking opportunities are the real intangibles.”

The student trip included an opportunity to meet and interact with six Marquette alumni at Morgan Stanley in Times Square. “The students had an interesting dialogue about current financial and global events with the alumni at Morgan Stanley,” Krause says.

Students also had the opportunity to attend meetings at firms such as Susquehanna, Royal Bank of Canada, Deutsche Bank, Citigroup and BNP-Paribas, as well as an evening reception hosted by Gerry Madigan, Bus Ad ’83, and other Marquette alumni at JP Morgan.

“That event attracted more than 35 alumni and allowed an excellent networking opportunity for the students,” Krause says. “The site visits and the reception gave our students unique insight into the financial industry, as well as opportunities for valuable internship and career networking.”

And it’s working. Every year since the program’s inception, AIM students have achieved a 100-percent career placement rate and bested the global pass rate on the Chartered Financial Analyst Level I exam.

“The AIM program has been true to our mission, which I believe has allowed us to achieve an outstanding placement record for our AIM students over the years,” Krause notes.

That mission includes not just a rigorous curriculum, Krause points out, but also the opportunity for students to learn from and connect with alumni working in finance in the New York area. In fact, in addition to bringing students to Manhattan, Krause – along with Dr. Sarah Peck, chair and associate professor of finance, and Dan Ortego, director of the Business Career Center – brings Manhattan to the students.

Hosted annually and led by Marquette alumni working at top firms, the “Ins and Outs of Wall Street” and “Invest In Your Future: Finance Career Day” are daylong programs designed to give students an in-depth overview of the finance industry’s rigorous recruiting process and what it’s like to work for some of the most highly respected companies.

“The value our alumni bring is priceless,” Krause says. “Our rigorous curriculum, technology and focus on ethics prepare our students for their careers, but the experiences meeting, learning from and networking with our finance alumni ensures that our students succeed.”

To learn more about how you can make a difference for a Marquette student through mentoring programs or networking opportunities, contact Jon Paparsenos, Senior Director of Regional Development at (414) 288-4509.