2008 FEI NEW YORK CITY NETWORKING TRIP

During the week of January 14-18, 2008, the Financial Economics Institute sponsored the fifth annual New York City Networking Trip which provided an invaluable learning experience for sixteen sophomores and juniors who aspire to work in finance after graduation. The students participated in several activities that enabled them to explore an array of career opportunities in finance while establishing contacts with CMC alumni and friends of the College.

On Monday, students attended an introductory dinner hosted by President Gann at The University Club. Students interacted with several FEI Board Members and alumni who graciously answered the students' questions and offered insight regarding life after CMC. The dinner was followed by a presentation by Charles Calomiris, the Henry Kaufman Professor of Financial Institutions at Columbia University's Graduate School of Business.

During the week, the students visited six firms including: Deloitte Consulting, Goldman Sachs, The Capital Group Companies, Taconic Capital Advisors, Kohlberg Capital Corporation, and Morgan Stanley. The students also reviewed a private equity "deal book" with representatives of The Compass Group.

On Tuesday, students had breakfast at Deloitte Consulting before participating in a photo shoot in the area surrounding Wall Street. They spent the afternoon at Goldman Sachs. On Tuesday evening, students attended a CMC Alumni Association Cocktail Reception hosted by Susan Matteson King '85 and Kristen Edgreen '98 at The Yale Club. The reception drew several members of the CMC community and was well attended by students, alumni, and CMC faculty. The evening gave students an opportunity to interact with alumni, establish contacts, and openly ask questions outside of a formal business setting.

Deloitte Consulting. Michael Epstein, a Senior Manager in Deloitte's Los Angeles office, hosted the students at Deloitte Consulting. Following a presentation that provided an overview of the consulting industry, students participated in a question and answer session with a panel of Deloitte Business Analysts, including Rishi Reddy '07. As the only consulting firm students visited on the trip, the presentations by Deloitte Consulting gave students valuable insight regarding careers in consulting, the experiences of Business Analysts, and the fundamental differences between consulting and banking.

Goldman Sachs. David Alvillar '01, a Vice President in Capital Structure Finance Trading, hosted the students at Goldman Sachs on Tuesday afternoon. Mr. Alvillar introduced students to the organization and culture of Goldman Sachs as well as an array of opportunities within the bank. He was joined by Eric Kramer, a Vice President in Fixed Income Sales, who also shared his experiences at Goldman. The visit to Goldman Sachs provided the students with firsthand knowledge of the inner-workings of a large distinguished investment bank.

On Wednesday, students visited The Capital Group Companies and Taconic Capital Advisors. While at Taconic Capital, the students also met with representatives of The Compass Group. Students enjoyed free time to explore New York City on Wednesday evening.

The Capital Group Companies. Wednesday began with a short walk to Rockefeller Center where The Capital Group offices are located. FEI Advisor Gregg Ireland '72 arranged a fantastic meeting in which the students met with seven people including Vice Presidents, investment analysts, and research associates. The Capital Group representatives gave the students an overview of investment management and long-term value investing. The presentations provided students with a much better understanding of the asset management industry and highlighted the breadth of career options available to students after graduation.

Taconic Capital Advisors. Chris Urban '07 and FEI Advisor Ken Brody hosted the students at Taconic Capital, a hedge fund based in Midtown. While Chris provided the students with an overview of the hedge fund industry, Mr. Brody explained the benefits of alternative investing and facilitated a question and answer session that challenged the students' views of the hedge fund world. Mr. Brody also shared some insightful advice for the students as they consider their career paths.

The Compass Group. Joseph Massoud '89, President of The Compass Group, arranged for representatives of his firm to meet with the students to discuss the private equity industry. During the presentation, the students had the opportunity to review a "deal book" which provided a real-world analysis of a company in which The Compass Group had considered making an investment.

On Thursday, the final day of events in New York City, students visited Kohlberg Capital Corporation and Morgan Stanley. As a conclusion to the week, Brian Dennis '97, Assistant Director of the FEI, took students to dinner at Luna Piena.

Kohlberg Capital Corporation. On Thursday morning, Dayl Pearson '76 hosted the students at Kohlberg Capital, where he serves as the CEO. Mr. Pearson explained his firm's role as a middle-market business development corporation. Mr. Pearson also arranged for the students to meet with an analyst at the firm who described how the students could prepare themselves for a position at a firm similar to Kohlberg Capital.

Morgan Stanley. Scott Ashby '95, a Vice President in Global Capital Markets, hosted the students at Morgan Stanley on Thursday afternoon. Mr. Ashby explained his role in the Global Capital Markets group and discussed how problems in the subprime mortgage market have impacted the firm. After brief presentations by recruiters and associates, Mr. Ashby facilitated a question and answer session with young analysts and took students on a tour of the Morgan Stanley trading floor.

The fifth annual New York City Networking Trip succeeded in providing students with exposure to a variety of financial firms. The students learned about consulting, investment banking, sales and trading, asset management, private equity, hedge funds, and business development corporations. They will undoubtedly benefit from these visits as well as the opportunity to meet extensively with CMC alumni who have established themselves in successful careers in NYC. These relationships will be invaluable for the students as they continue at CMC and after graduation. Ongoing alumni support for the Financial Economics Institute not only reflects the strength of the CMC community and the advantages of a CMC education, but is ultimately responsible for the success of endeavors such as the New York City Networking Trip.