FALL 2019 FINANCE SOCIETY FALL 2019      Resources FrontOffice Middle Office BackOffice Trade ◦ ◦ Sell Side Sell Buy Side    Equity Equity Research Sales and Trading Investment Banking - Offs 2 FINANCE SOCIETY FALL 2019   In allcareers,between:balancethereis a nothingdoing year a dollars whereyoujob the“best” is not Financemake millionsof can ◦ ◦ ◦ ◦ Client interaction Client and exit opportunities Prestige Hours worked Compensation 3 FINANCE SOCIETY FALL 2019     Divisions: Low Prestige: WorkLowHours: All ◦ ◦ ◦ ◦ ◦ Operations Technology Information Not as prestigious an as in investment positionsother bank Typical day: 9:00 AM to 6:00 PM ~$65,000 - In Starting Compensation: Low Compensation: In Starting 4 FINANCE SOCIETY FALL 2019     Divisions: Medium Prestige: WorkMedium Hours: All ◦ ◦ ◦ ◦ ◦ ◦ Controllers Treasury Risk developedSkillset relevant is very for careers other finance in Typical day: 8:00 AM to 8:00 PM ~$75,000 - In Starting Compensation: Medium Compensation: In Starting 5 FINANCE SOCIETY FALL 2019     Paths:IBD, S&T, HF PE, ER, High Prestige: WorkHigh Hours: All ◦ ◦ ◦ school placement to prestigious investment Direct recruiting funds and excellent business Varies across different career paths (IB vs. S&T vs. ER) ~$120,000 - In Starting Compensation: High Compensation: In Starting - 185,000 6 FINANCE SOCIETY FALL 2019     Youinvestor mustbebuy side to successfulinopportunity good a bea Payis directly scaledto yourinvestment decisions Companies Typesof ◦ ◦ ◦ ◦ ◦ ◦ ◦ Especially true at higherlevels true Especially In Funds Fund of Mutual Funds Venture Capital Funds Hedge Private Equity - house funds 7 FINANCE SOCIETY FALL 2019   InvestmentBanks graduates college for opportunities most Comprises ◦ ◦ ◦ Equity Equity Research Sales & Trading Investment Banking 8 FINANCE SOCIETY FALL 2019     A good analyst is: analyst A good predicted synergies on based companiesacquire otheror merge to companiesAdvising projects its ongoing support tocapital raising methodof thebeston companiesAdvising money havewhopeopleneed whopeople and together moneyBringing ◦ ◦ ◦ Detail Analytical Confident - oriented 9 FINANCE SOCIETY FALL 2019    Sectors: Products: Brokendownbysector and product ◦ ◦ ◦ ◦ ◦ ◦ ◦ ◦ ◦ Telecom Industrials Healthcare Restructuring Leveraged Markets Debt Capital Equity MarketsCapital and Mergers Acquisitions Etc. Finance 10 FINANCE SOCIETY FALL 2019      Who excels? Who numbersplus is a Familiaritywith variouswith investments comfortable very and the securitiesonprofit a generate to andrisk allocateto parties sell Salespeoplethirdproducts to products certain or volumeHigh industry in anspecialized trading investorsHelp investments make in thepublic markets ◦ ◦ Quick their feet on Quantitative 11 FINANCE SOCIETY FALL 2019     Who excels? Who matters company intoinsight extra gain to companies of CFOs and withMeeting CEOs announcements company,a interimto earnings from Following move every of houses sell toto investmentcompaniespubliclyon traded reports Generating ◦ ◦ Attentiondetail to communicationStrong skills writtenverbal)(both and 12 FINANCE SOCIETY FALL 2019      ~$85,000 ~$85,000 60 theBig Fourat Mostly found firms accounting transactions M&A for necessary reports diligence due Financial IB butnotinterestedM&A peoplefor in pathGreat ◦ ◦ Both junior and senior positions are skill seniorpositionsareand Bothjunior thethe investment client both and requests from banks Service - 70 hours per week,perweekendhours occasional work all - in starting compensation starting in - based 13 FALL 2019 FINANCE SOCIETY FALL 2019    Recommended email newsletters Traditional, comprehensive news sources ◦ ◦ ◦ ◦ ◦ ◦ ◦ Markets New York Times 10 WSJ The Axios Seeking Alpha Wall Street Breakfast Bloomberg, CNBC Wall Street Journal, New York Times Bullpen News Pro - oriented, real oriented, Rata - Point Dealbook - time news time 15 FINANCE SOCIETY FALL 2019     E Google search Wall Street Oasis &Inquisitions Mergers ◦ ◦ ◦ - Interview guides are a great guides are agreat Interview be careful information, Some good form in article Great careerinformation Board members resource 16 FINANCE SOCIETY FALL 2019    LinkedIn / Google Wall & Inquisitions Street / Mergers Oasis Events SOM Society / Finance ◦ ◦ ◦ ◦ Great for finding alumni with to connect Guides on how tonetwork Speaker Executive S eries in Residence, Alumniand Mentoring Event 17 FINANCE SOCIETY FALL 2019     Damodaran KhanAcademy Investopedia Wall /Breaking into Wall Street Prep Street ◦ ◦ ◦ ◦ In videos tovariousIntroductory financial concepts Financial dictionary, some videos and articles Financial modeling and training videos - et icso auto fequities and piecesonvaluationdepth of derivatives 18 FINANCE SOCIETY FALL 2019    Published Published case studies Academic white papers Macabacus ◦ ◦ ◦ ◦ ◦ Valuation Interest rates banking International Volatility Advanced financial modeling examples 19 FINANCE SOCIETY FALL 2019     Yahoo Finance, CNBC Bloomberg Terminal resources Binghamton library SEC Edgar, ◦ ◦ ◦ Financial statements, analyst S&P Quarterly, filings annual, and current NetAdvantage BamSEC , Thomson ONE, Morningstar Thomson , estimates 20 FINANCE SOCIETY FALL 2019      Network Activelyconceptsfinancial up look theFS casecompetitionsDo Keepup with thenews WSO andM&I around Look 21 FINANCE SOCIETY FALL 2019   Academic andInformational Financial Markets History Blackstone Group Blackstone ofthe formationThe John Morris E. David Carey and Capital King of valuation and M&A and valuation on overview General Joshuaand Pearl Joshua Rosenbaum Banking Investment investing in securities ininvesting onadvice Practical Graham Benjamin Investor Intelligent The inthe1980s Nabisco RJR ofbuyout Leveraged John Bryan the Gate Barbarians at Helyar Burrough and and distressed distressed securities In G.Stephen Moyer Debt Analysis Distressed 2007 crisis of financial and bubble housingThe Michael Lewis BigShort The - depth analysis of analysis depth - 08 22 FINANCE SOCIETY FALL 2019         Vice PublicRelations: Vice of President Finance: Vice of President Vice Executive VicePresident: President: Email Checkout ourwebsite: bingfinance.org ◦ ◦ ◦ ◦ ◦ ◦ [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] President of Event Coordination: of President AlumniRelations: of President us at: DanielMottes [email protected] James Sorrentino Vienna Buscher Janvi Anthony AdamFields Choudhary Giacalone 23