Finance Club Updates
Ross School of Business Finance Club
University of Michigan
October 2, 2005
Agenda
 Wall Street Forum Update
 Wall Street Forum Preliminary Schedule
 Wall Street Prep – Financial Modeling Seminar
 Recent Feedback
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Wall Street Forum Update
 Busiest and best line-up in years
 Everyone encouraged to attend
 If you are remotely interested in a financial
services career (NY or elsewhere) you NEED
to attend for your own personal/career/network
development
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Wall Street Forum Update
 Details:
 Monday October 24th 8:00 AM to Wednesday October 26th 5:30
PM
 Applications available online tonight and due Sunday October 9th
by 6:00 PM. Please place copy in Ted Omlid’s folder
 Arrive in NY Sunday afternoon or evening
– UBS optional Informationals on Sunday evening (10/23)
 Depart late Wednesday (after 7:30 PM) evening or Thursday?
– Informational interviews on Thursday?
 Hotel TBD this week
 Bus transportation from Hotel and to and from all activities
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Wall Street Forum Update
 Details (cont):
 Formal dress – get your suits ready and shoes shined
– Plan dry-cleaning accordingly
 If you are not at the hotel and taking designated
transportation, you must arrive 30 minutes prior to
scheduled event
 Security is tight and everyone must be checked in,
which takes time
 If you are late for any event – you will not be allowed
to enter
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Wall Street Forum Schedule
 Sunday
 UBS IB Informationals (evening)
 Monday
 S&T, PWM Breakouts at Morgan Stanley and JPM, respectively
 UBS (All functions)
 JPMorgan (All functions)
 Tuesday
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Goldman Sachs (All functions)
Lehman Brothers (All functions)
Citigroup (All functions)
Bear Stearns (All functions)
Dean’s Reception at Waldorf Astoria (6:00 – 8:30 PM)
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Wall Street Forum Schedule
 Wednesday
 Goldman Sachs PWM Breakout
 S&T Breakout – UBS Trading Floor/Lehman Brothers trading
simulation
 Wachovia Securities (IB, maybe others)
 Houlihan Lokey Howard & Zukin (IB)
 Bank of America Securities (IB, maybe others)
 GM Treasury
 Various Corporate Finance, TBD
 Thursday
 Potential informational interviews (last year: UBS, Lehman,
others??)
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Financial Modeling Seminar
 All members STRONGLY encouraged to attend
 Investment Banking
 Equity Research
 Corporate Finance
 Saturday December 3rd and Sunday December 4th (8:00
AM to 5:00 PM)
 Registration is First Come, First Served for MBA1s and
MBA2s. Depending on demand, this will be opened up
to Investment Association and Consulting Club
 Cost is $199.00 (includes lunch both days)
 Registration and details available at:
www.wallstreetprep.com/training_umich.html
 Cost covers 16 hours of computer training and course
materials and online access to financial models for 3months after class
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Financial Modeling Seminar
 Training topics:
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Excel best practices
Excel shortcuts (START NOW!)
Building financial projection models
Creating circular/flowing models
Valuation methodologies explained using Excel
Linking financial projection model to discounted cash flow
analysis
 Creating leveraged buyout (LBO) models
 This will help you immensely for interview prep and your
summer job and can be a bullet on your resume
 Keep pace with other top schools and ensure every
student is well-prepared for their summer experience
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Recent feedback
 Not isolated and not unique to Finance Club
 Several negative comments
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Mobbing recruiters
Lingering around recruiters
Redundant questions from presentation
Students unprepared to talk intelligently about bank
Respect for normal social etiquette
Poor communication skills from international students
 This reflects poorly on EVERYONE, including alumni.
This is our Brand and we all have to PROTECT it!
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Action Items
 Treat each presentation as a class – spend time
preparing for each presentation!
 Have 2-3 strong questions – listen and identify strong
questions from your peers to build up your “question
bank”
 DO NOT MOB recruiters!
 Form circles of 2-4, everyone else wait patiently behind
 Ask no more than 2-3 questions or spend more than 5-8 minutes
with any one recruiter
 Do not repeat questions from the presentation
 Respect the intended audience and your peers!
 You have a very strong class – everyone needs to stepup and show recruiters the talent at Michigan
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Action Items
 Form study groups and devise good questions and talk
about banks
 Utilize OCD and your peers
 Remember “Luck favors the well-prepared” There is no
substitution for preparation during this process
International Students
 Work on English by forming study groups with peers
 Consider additional language courses
 Practice asking questions
 “It doesn’t matter how smart you are, we have found
people that do not communicate well both verbally and in
writing, do not do well here” IB Recruiter
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