Day 5 of WDWS

Each day our students will blog about some of their experiences in New York City.  Our entry for Friday, 1/20/2012 comes from Sumair Devani, Preston Oklejas, Derek Witte, and Tucker Johnson.

Ambassador ringing the opening bellThis morning’s adventure was quite exciting, and it was relatively warm in comparison to other days this week, with a temperature of about 37 degrees. This may seem cold to my fellow students that aren’t used to the East Coast weather, but if you want to enjoy a career out here, it is a small displeasure in exchange for the chance to live and work in the hub of the financial service industry. Our first event was quite exhilarating; the ambassador of China came to open the NASDAQ trading day, in celebration of the 1st day of the Chinese New Year.  The countdown was projected onto the big screen in Time Square, and as soon as the clock hit 9:30am, confetti exploded from their projectors. Even before the last piece of red confetti hit the ground, we were escorted out.

Our next meeting took place only an hour after the class left NASDAQ, and for me it was one of the most incredible meetings of the entire trip.  We met with Hedge fund manager and NYUs Stern Business School faculty Professor Jim Liew.  With him was his close friend Charles, who is an asset allocator.   Charles spoke so quickly and without breathing for so long it made me feel a bit winded!  I’m not entirely interested in hedge funds as a future career (it is a bit too quantitative for me to enjoy), yet anytime a hedge fund manager is willing to speak and share their insights with a group of young students, the knowledge and experience we can potentially gain is unquantifiable. I especially enjoyed picking both their brains for which sectors they found most undervalued, because I actively manage my own portfolio. I was quite happy to find that my own ideas positively correlated with theirs.

Smile
I have decided to read tonight to prepare for our upcoming final, and meet with a Financial Advisor from Merrill Lynch that I happen to know from my boss back in California for a bit of dinner and insight for my future career path.

– Preston

We started off the day with a visit to NASDAQ for their opening bell. Throughout the trip I was expecting this to be the most exciting visit.  However, I was a little disappointed to see how short the process was.  The opening bell was pushed that day in celebration of Chinese New Year, with representatives of a company from China that was listed in the NASDAQ. The next organized event was held in the hotel where we had speakers from NYU.  It was great to learn about hedge funds and their operations. It was also really nice of the presenter to provide some guidelines that would help us manage a hedge fund should the chance arise in the future. Later on I headed to Museum of Natural History for another great experience, followed by a walk down the Brooklyn Bridge. It was a beautiful site seeing experience. In the evening, I was even able to see an old friend of mine and hangout with him.

–  Sumair

Eating Rays Pizza for lunch! If we eat one more large pizza I’m going to explode, but when in Rome do as the Romans do!

Last night in NYC, meeting Riley Etheridge from Merrill Lynch in a little to hear some blues and talk about the Street. Can’t wait to go home but definitely going to live it up tonight! Hope we don’t get lost in the subway again….

– Derek

This morning I woke up and went to the NASDAQ. We weren’t there very long. It was a lot shorter and different then I had imagined. It was cool to see the opening bell and celebrate the Chinese New Year.

We then went back to the hotel and listened to to speakers. They were both very interesting and helpful. I learned a lot about hedge funds and the industry of finance and investing.

A couple hours later, I took the subway to Chinatown. It was filled with people and tons of places to shop. We spent the afternoon there and headed back to our hotel around 6.

We went to dinner at a burger and milkshake restaurant around 8 pm. It was packed and delicious. After dinner, we went back to the hotel to pack and go to sleep. All in all it was an amazing trip! I had a great time and learned a lot.

– Tucker

Day 4 of WDWS

Each day our students will blog about some of their experiences in New York City.  Our entry for Thursday 1/19/2012 comes from Grace Song, Eva Wong, Eric Lambert, and Charles Clark.

Citigroup talked with us first this morning. Ms. Shelly Dropkin started off the presentation with a video overview of Citigroup, and then a PowerPoint presentation that described in more detail what was shown in the video. She finished by describing how best to get a job at Citi, and answered questions about recruiting. Next a Citigroup board member talked about both the history and current state of the industry beyond Citi.

At a presentationAlthough the day was busy, we still managed to fit in social activities. After the Bank of America presentation, we walked around the area, visiting both Bryant Park and Rockefeller Center. The ice rink was very pretty, but it was overpriced so we did not decide to go. At night after NYU, we returned to Little Italy for Rice to Riches, a rice pudding shop we had tried yesterday and found to be delicious. We finished the night with going to the musical Phantom of the Opera.
Around the tableBank of America had the most speakers, and each of them had their own charms. The first speaker made good points about always learning and being flexible in one’s career, themes which were carries forward with the other speakers after him. The second speaker was especially entertaining, telling his own story and supporting the points made by the first speaker. The third speaker showed us the diversity of their company, as she originally worked in law but later found her true passion. The next speaker had something to say about the customer-facing operations of Bank of America. The fifth speaker also was someone who showed diversity in their employees.  He described how Merrill Lynch allowed him to pursue his passion of music while also working on his banking career. Lastly, the senior economist talked about the state of the markets.
Chapman students at NYU SternOur visit to the Stern School of Business at NYU involved a lecture by Professor Charlie Murphy. He was a very engaging and passionate speaker, who also had his own brand of humor. He began the talk by speaking about recent developments in the financial world. He emphasized the importance of the interconnectivity of various fields to investment banking, such as the connection between the legal field and the medical field and their relationships with regulation and risks.

Grace, Eva, Eric & Charles.