Finance Club | Ross School of Business (University of Michigan)

HomeAbout UsProspective MembersClub MembersAlumniJoin Us

Points of Focus   [+] Activities   [+] Recommended Classes
 
Stock TickerDear Prospective Member,

Welcome and thank you for your interest in the Finance Club. Whether you come from a Finance background or are a career switcher, we think that the Finance Club will be a great resource as you start on your Finance career at the Ross School of Business. We have four key silos that can help address any questions you may have regarding your recruiting aspirations.

 

INVESTMENT BANKING

INVESTMENT BANKING

Investment banking spans a range of activities including underwriting, sales and trading, and financial advisory services such as M&A and restructuring. The Investment Banking silo serves to support students' recruiting efforts, facilitate networking opportunities, and provide members with knowledge of the industry. Our silo focuses on helping students who have an interest in the investment banking industry obtain internship and full time offers in all the leading banks worldwide. We have the ability to pool resources from an extensive and impressive array of backgrounds to achieve your goals.
 

CORPORATE FINANCE
 

CORPORATE FINANCE

Corporate finance professionals make the financial decisions of businesses and non-profit organizations using financial tools and analysis. The most common areas within corporate finance include business development, financial planning and analysis, treasury, and cost analysis. These functions work in coordination with one another to balance long term capital investment decisions, short term working capital, and manage risk with the goal of maximizing shareholder value in corporations (for profit) and/or organizational impact. The Corporate Finance silo serves to help students prepare for interviews, network and recruit with a wide range of companies.
 

PRIVATE WEALTH MANAGEMENT
 

PRIVATE WEALTH MANAGEMENT

Private Banking professionals provide comprehensive advice and a broad range of investment products and services to the complex needs of high-net-worth investors. Careers in Private Wealth Management offer individuals the ability to build their own business within the framework of an established firm. The Private Wealth Management silo will focus on helping students with questions they may have entering the Private Wealth Management profession.
 

SALES AND TRADING
 

SALES AND TRADING

Sales & Trading encompasses the fixed-income, equity, currency and commodity markets and is the distribution arm for an investment bank. Sales professionals work with a variety of institutional investors to distribute securities originated by the investment bank. Trading’s primary role is to make markets and to manage the bank’s risk exposure within their area of responsibility. At Ross, the Sales & Trading silo serves to support students’ recruiting efforts. We focus on helping students network with alumni from various investment banks and to prepare them for the rigorous interview process.
 

ADVICE FROM YOUR FUTURE PEERS

 

What to do before coming to school :
"Reach out to current students who are pursuing majors / recruiting in your area of interest (I-banking vs. Corporate finance vs. Private Equity etc.); to learn more about job opportunities, key suggestions on how to go about the recruiting process, what you want to know before picking a career in that area, long-term career prospects etc."
   
"Try to get to Ann Arbor by early August. That way you can get settled in, get to know your classmates and play a round or two of golf before Fall-A begins."
   
"Some of the best advice I received prior to starting the MBA program was the importance of uncompromised focus on your chosen career path. Those with such focus during the recruiting process tend to be the most successful at the conclusion of the process. Therefore, during the summer before you start, spend some serious time thinking and talking with people about what you want out of the MBA program and exactly what career you want to pursue. Investment Banking recruiting for example, starts a mere two weeks after the MBA program starts - knowing without a doubt that was the direction I was headed in afforded me a level of focus, early on, that was instrumental to my success throughout the process. "
   
"Though it may seem counter intuitive, do NOT reach out to Michigan alumni at the various investment banks for informational interviews/discussions during the summer. Not only will you have plenty of time and opportunity to network with the banks throughout the formal recruiting process, there will be a lot of practice and information provided to you by the Finance Club when you get to campus that is critical to successful informational interviews and networking. Speaking from a personal experience, I reached out to an MD at a major investment bank over the summer in an effort to ‘get ahead’. Unprepared, and certainly unpolished, the informational interview was all but a disaster. Though you may not like it, 'the process' is long established and is there for a reason. Follow it religiously and you will have success in the end."

 

Recruiting Advice:
"You need to read the WSJ and Dealbook blog religiously. That being said, don't go overboard trying to impress the bankers with your new found knowledge. When the opportunity presents itself, ask an intelligent EASY TO ANSWER question based on your research."
   
"If you are an international, keep your options open and your search reasonably broad, as the opportunities are less plentiful than for domestic students. Apply to all jobs that you would potentially find interesting, you might find things opening up for you in an area you never considered before. Look at companies that are not hugely popular as well – you have a good chance of landing the internship when the competition is busy elsewhere."
   
"Recruiting is pretty hectic and at times, pretty stressful. I’m not sure if I would have survived without my Finance Club Study Group. Find a study group pretty early on. It will definitely pay off."
   
"Work on developing your 'story', and your one page ACR ('Action Content Result') resume. Additionally, learn how to use the resume tool on IMpact, and upload (but do not publish) your resume on IMpact. The first quarter is a non-stop whirlwind that constantly stretches you thin. Your resume and your 'story' are two of the most important Q1 deliverables so getting a head start on them can be a great advantage. "
   
"Use the rising MBA2 network to discuss the career path(s) you are interested in and to get their advice for both the summer and your first quarter at Ross. You will quickly find that the MBA2’s are your most valuable resources. Ideally do this in May and early June, as many of the MBA2 will be in the middle of demanding internships between early/mid June and mid August."

 

General Advice
"There is a temptation to do everything in the first quarter. Appointments to leadership positions are something you want to attend to right away; doing multiple case competitions in the first quarter (not such a great idea). Keep up with your schoolwork as the people around you are all as smart as you are. Definitely join the Finance club if you want to recruit for finance."
   
"Reach out to MBA2s that have either interned at the firm or industry you’re interested in. They’ll be an invaluable resource for most questions you’ll have."
   
"I found the "finance track" to be very helpful. Definitely try to waive accounting so you can do Fin 513 and Valuation before interview season."
   
"One book I found particularly helpful for investment banking was Joshua Rosenbaum’s Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions."
   
"The Training the Street Seminars are fairly helpful, especially the Corporate Valuation Seminar."



INFORMATION FOR INTERNATIONAL STUDENTS

Please refer to the website for International Center’s website for information on Immigration-Related Forms, Visas, and adjusting to life in Ann Arbor http://internationalcenter.umich.edu

Copyright ©2012 Stephen M. Ross School of Business MBA Finance Club | Design by Mozaix