Welcome!
Department of Finance
Pamplin Preview
Dr. Vijay Singal
What Do You Want From a
Finance Degree?

Knowledge/Education?

Placement/Job?
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Money/Stability?

Prestige/Position?
Why You Should Choose Finance
YOU SHOULD BE INTEREST IN IT!!!
AND IN OUR DEPARTMENT
 Students come first.
 Faculty are dedicated to improving the
intellectual environment
 The curriculum and department changes
to meet the needs of students.
 Graduates have excellent employment
opportunities.
Department Excellence

Largest Major in Pamplin

200 Juniors; 250 Seniors
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Highest Employment Rates (even
higher than Engineering.)
Availability of faculty for student
interaction.
What You REALLY Want
From Us –
Quality and Commitment
For You –
RESULTS
How Do We Do It?
 Commitment
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to students
Undergraduate program
Current students, faculty, and
alumni all working together to
create a stronger future by building
a stronger present.
Commitment to Our Students

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Curriculum – continually revised to better
prepare students for the market place
Placement – relationship with alumni and
companies help our students reach their
employment goals
Ranking – Nationally ranked
undergraduate program – 40th U.S.
Undergraduate Curriculum
How many finance classes necessary to be a
finance major or to have a finance
concentration?
- Virginia Tech: 9 classes
- Maryland: 6 classes
- UVa: 6 classes
- NC State: 5 classes
- Wake Forest: 5 classes
- UNC: 4 classes
Fixed income, M&A, derivatives, international
Finance Tracks

Investments and CFA® Track

Focuses on the purchase and sale of
stocks/bonds by individuals and
institutions. Assess the value of
securities and design investment
policies and portfolios that are
consistent with the goals of the
investor.
Finance Tracks

Corporate Financial
Management Track

Focuses on the internal decisions of
companies to raise funds and invest in
corporate assets.
Finance Tracks

Financial Services Management
Track

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Focuses on the management and
regulation of institutions and the role
they play in the economy.
Financial Accounting Track

A combination of Finance and
Accounting skills that are used to
evaluate the company for valuation,
investment, or lending.
Finance Track (Coming Fall 2007)

Certified Financial Planning
(CFP)
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Focuses on the management of assets
for individuals and small businesses
Areas include:
Insurance planning and risk management
 Employee benefits planning
 Investment planning
 Tax planning
 Retirement and estate planning

A Faculty to be Proud of

Great student evaluations of classes and
teachers


Median Class/Teacher Evaluation: 4.37 on a
5.0 scale
Faculty to student ratio (1:25)
A Faculty to be Proud of
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20 Faculty
University Level TEACHING Awards

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3 Wine Award Recipients
1 Alumni Teaching Award Recipient
1 Alumni Award for Excellence in
International Education
State Level TEACHING Awards

1 SCHEV Outstanding Faculty Award
A Faculty to be Proud of
Books – Our faculty teach the nation.


Well over 1 ½ million students nationally
have learned finance using textbooks
written by our professors.
Faculty authored books on Personal
finance, Corporate finance, Investments,
Internet law, Stock market mispricings,
and Statistical properties.
Faculty Books
Faculty Research

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Our faculty stay informed of current trends and latest
research in the financial world, and publish their
newest research in top tier finance journals.
Virginia Tech ranks 8th in research productivity based
on publications in a set of 16 finance journals (latest
study for the last decade).
Virginia Tech ranks 16th in research productivity based
on publications in the top three leading Finance
Journals (latest study for the last decade).
Some faculty rank in the top 50 professors nationwide.
Scholar of the Week
Virginia Tech is home to about 1300
researchers. Each week, the Vice President
for Research recognizes one outstanding
researcher in the entire University.
The first three Business School faculty to be
recognized are all in the Finance
Department. One more faculty member
was recently recognized.
New Faculty



Dr. Mike Cliff (Ph.D. Finance,
University of North Carolina)
Dr. Alexei Ovtchinnikov (Ph.D.
Finance, Purdue University)
Dr. Ozgur “Ozzie” Ince (Ph.D.
University of Florida)
Students to be Proud of

Equity Fund – SEED – 25 students



Started in 1992
Manages $4.5 million (real money)
Bond Fund – BASIS – 15 students


Started in 2006
Manages $4 million (real money)
Are We Successful?
Year
SEED
S&P 500
Difference
+6.747%
2005 – 2006
18.473%
11.727%
2004 – 2005
2003 – 2004
2002 – 2003
5.700%
19.759%
3.995%
6.690%
19.559%
3.254%
-0.990%
+0.200%
+0.741%
Alumni to be Proud of

Last two years: 30-35 alumni have visited campus
to meet with students formally and informally.


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Companies represented include Wachovia, Merrill
Lynch, Citigroup, CSFB, GE, Capital One, Genworth,
Sony, etc.
Allows our students a chance to interact with
alumni who can explain practical applications of
current class teachings.
Extremely helpful in keeping our curriculum up to
date in a changing financial landscape.
Winners of Pamplin Outstanding
Young Alumnus Award
2003
Bunge
Foods
2004
Sony
2005
Atria
2006
MGM Mirage
Why Do We Do It?
Positive Results
Placement

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The TOP department in on-campus
interviews – over 900 granted to
students last year
Location: VA (50%), MD/NC/DC
(20%)
New York: Growing presence
Tremendous help from alumni
Companies Hiring Finance Majors
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Access National Bank
BB&T (Branch Banking
and Trust Company)
Capital One
Circuit City Stores, Inc.
Ferguson Enterprises
First Citizens Bank
General Electric
Company
Genworth Financial
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Ingersoll Rand
John Hancock Financial
Services
Marriot Corporation
Merrill Lynch
Northrop Grumman
Pricewaterhouse
Coopers
Virginia Asset
Management, LLC
Wachovia
SHOW ME THE MONEY!!!
$45,000
Annualized Growth Rate = 6.6%
$40,000
$35,000
$30,000
$25,000
$20,000
1988
1992
1996
1999
2002
Undergraduate Finance Salary Report
College
Finance
Finance
Finance
Mean
50th
75th
25th
Salary Percentile Percentile Percentile
2003-2004 $39,325
$34,750
$40,000
$45,000
2004-2005 $41,000
$38,000
$42,250
$47,000
2005-2006 $45,000
$40,000
$45,000
$50,000
Information as reported to VT Career Services in the annual post-grad report
Thank you
For additional information
http://www.finance.pamplin.vt.edu/
Student Organizations

SEED

Student-managed Endowment for Educational
Development (25 Students)

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Manages an equity portfolio of $4 million on behalf
of the Virginia Tech Foundation.
SEED earned 19.54% during 2005-06 (AprilMarch), beating the S&P 500 by 780 basis points.
BASIS

Bond And Securities Investing by Students (15
Students)

Manages $4 million for the Virginia Tech Foundation
Special skills

Equity Fund – SEED – 25 students
Bond Fund – BASIS – 15 students
CFA® awareness and training

Finance Club
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SEED Program
Pamplin College of Business
Brandon Rice
Former Co-Chief Executive Officer
SEED 2004 - 2006
History of SEED


1991: Dr. Don M. Chance’s Vision supported
by Dean Richard Sorensen
1992: Original proposal to Virginia Tech
Foundation (VTF)
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1993: Funded with $1 million
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1995: Additional funds of $1 million provided

2006: BASIC is currently being proposed to
the Virginia Tech Foundation
Description of SEED

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Currently $4.5 million under management
(started at $3.8 million last April 1)
Student-run investment portfolio:

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Entirely student run:
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Nation’s largest run as an extracurricular activity
Third largest portfolio in terms of funds managed
Administration
Security Selection
Personnel
2005-2006 Team: 21 members
SEED Organizational Structure
SEED Organizational Structure
Co-CEO's
Advisors:
Dr. Billingsley
Dr. Keown
Operations
Specialist
Area Manager
Area Manager
Area Manager
Area Manager
Area Manager
Area Manager
Financials
Technology
Telecom
Healthcare
Energy
Utilities
Materials
Industrials
Consumer Staples
Consumer Discetionary
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Analyst
Voting Members
Non-Voting Members
Investment Approach

Approach:

Equity Valuation and Portfolio Management

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Focus

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Taught by Advisor Dr. Randall Billingsley
Security Selection
Sector Allocation
Long-term perspective appropriate to
VTF
Member Selection Process
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Typically 70 – 100 applicants
Applicant requirements:
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Resume
Transcript
Letter of Recommendation
Two one page essays
Approximately 35 interviews offered
2 Stage interview process:

Analytical
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PowerPoint buy/sell recommendation on an assigned
company
Behavioral
18 Selected to new team, with 7 returning members

New team totals 26 members
Applying to SEED

Who can Apply?

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When do you Apply?
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Fall Semester (September/October)
Why should you Apply?
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Sophomores, Juniors and Graduate
Gain real world investing experience
Leadership opportunities
Network with peers and Alumni
 Trips to New York City and Charlotte
Do you have to have experience to apply?

No, but energy and enthusiasm to learn about and
how to invest are necessary.
Current Team Placements
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Alex Karjavine – Merrill Lynch
(Investment Banking)
Brandon Rice – Merrill Lynch
(Investment Banking)
Christine Myers – Wachovia
Securities (Investment Banking)
Allison Davis – Wachovia
Securities (Structured Products)
Matt Kochan – Wachovia
Securities (Structured Products)
Brandon Phibbs – General
Electric (FMP)
Thomas Fast – General Electric
(FMP)
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DJ Terreri –
PriceWaterhouseCoopers
(Auditing)
Ross Sucosso – Wachovia
Securities (Internal Auditing)
Zach Toth – Beers and Cutler
(Consulting )
Scott Randa – Genworth
Financial (Marketing and Sales )
Michael Roberts – NVR Homes
(Loan Officer)
For More Information…

Check out our website!


E-mail Thomas Fast or Barrett Clark
(Current Co-CEO’s)



www.seed.cob.vt.edu
tfast@vt.edu
barrettc@vt.edu
E-mail me…

bjrice@vt.edu
A Partial List of Employers of our 2003
Graduates:
Employer
JobTitle
City/State
Access National Mortgage
Analyst
Reston, VA
American Express Financial Advisors
Associate Financial Advisor
Blacksburg, VA
American Express Financial Advisors
Financial Advisor
Centreville, VA
BB&T
Commercial Lender
Winston-Salem, NC
Bennett Plumbing Inc.
Office Manager
Alexandria, VA
Bottcher America
Sales Representative
Chicago, IL
Capital Management Group
Investment Advisor
Washington, DC
Chase Manhattan
Loan Officer Assistant
Annandale, VA
CIA
Finance Officer
Langley, VA
General Services Administration
Financial Management Specialist
Washington, DC
General Services Administration
Financial Management Trainee
Washington, DC
John Hancock Financial Services
General Agent
McLean, VA
Liberty Mutual
Sales Associate
Richmond, VA
Lockheed Martin
Unknown
Gaithersburg, MD
SunTrust
Private Banking Associate
Roanoke, VA
Virginia Asset Management
Financial Advisor
Norfolk, VA
Wachovia Securities
Operations Specialist
Richmond, VA