Minnesota Center for Financial and Actuarial Mathematics MCFAM Career Development Services Laurie Derechin, Executive Director MCFAM

MCFAM Career Advancement Services Career path development process begins your first year Workshops/Events Individual career coaching meetings If want individual support you must participate in MCFAM’s Career Workshops You cannot receive individual career coaching if you do not participate Check Website for Career Workshops this year To sign up for individual career coaching sessions Laurie to set up appointment – It usually takes two weeks to get an appointment

This Morning’s Agenda Career Development Planning First Step: Assessment exercises  Who are you? personality, skills, values  What did you learn about your career interests from this? Steps/Resources MCFAM Career Development Services 2011 and Beyond Career Landscape Variety Job Types – think broadly about your quant skills US Opportunities Global Opportunities Many resources to help you get there……

Career Development Planning: Assessment F or successful career/job search, know your: Core Personality Characteristics Core Skills Core Values Once you know more about yourself easier to: Define career path(what type of job/what type of company) Target prospective employers Write your resume/cover letters Prepare for job interviews John Holland PhD; Theory of Career Choice “Discover who you are, what your skills & values are, find a career that fits you”

Career Development Planning: Assessment Holland Personality Types R - Realistic: mechanical know-how, stamina to work outdoors, likes working with things and tools I - Investigative: explores ideas and analyzes; inquisitive, precise, abstract thinker; likes working with data and ideas A - Artistic: skill in music, art and/or communications; values aesthetic qualities and relates to world through their medium (music, architecture)

Career Development Planning: Assessment Holland Personality Types (continued) S - Social: enjoys helping others and the community; sensitive to others’ needs; cheerful, scholarly and verbal E - Enterprising: likes to persuade and influence others in areas of business or politics; self confident, social; skilled at leadership and public speaking C - Conventional: likes an organized and detailed workplace; skilled in finance, mathematics; likes working with data; views self as practical and organized

Career Development Planning: 4 Assessment Exercises Take 30 minutes to complete the following assessments Be honest with yourself – but don’t overthink it! Core Personality Characteristics Core Skills Inventory Core Values Assessment Understanding your Career Interests

Career Development Assessment Putting it all Together Developing your Holland Code At bottom of form: Mark down first letter of occupational theme that best describes your personality (R=Realistic, I=Investigative, etc.) Mark down first letter of second highest theme Mark down first letter of third highest theme String them together to get your Holland Code: For example, if your interests rank in the order of 1) Artistic, 2) Investigative, and 3) Social, your Holland code would be AIS.

Career Development Planning: Group Exercise/Next Steps Get to you know your Classmates Split into 8 groups and compare your notes Did you find out anything surprising? Does it give you any clues about what you want to do in your career? Keep this worksheet; bring it to your first career coaching meeting with Laurie Next Steps Briefly jot down your top 7 peak accomplishments (work, school, personal). Bring with you to first meeting with Laurie

Main Steps MCFAM Career Development Program MCFAM Career Workshops: Skills/strengths assessment Resume and career fair preparation – month of September Interviewing basics Critical networking techniques to land a job Networking and referral techniques for informational interviews Individualized Career Coaching – With your coach: Discover in more depth career areas that are a fit for you Perfect and delve deeper into workshop techniques Get Mock interview practice and in-action support on networking/referrals

Consider many job types within Financial Sector: Banks – Quantitative risk analyst, credit analyst, analytics manager, model validation analyst Insurance Companies – Asset liabilities management (ALM), hedging, investment actuaries Investment Banks – Investment analyst, research analyst Wealth and Capital Management Firms – Investment, market and research analysts Consulting Firms Trading Firms – Commodities trading, foreign exchange trading, equity derivatives etc., research and risk and market analysts Financial /Treasury Groups/Supply Chain - Fortune 500s Financial analysts, data mining and predictive modeling analysts

Global Opportunities Not only US market China, Singapore, London, Dubai, Brazil Very Hot Emerging Markets  If you are at the entry level, great place to start your career  Hedge and Equity funds  Investment Banks  Trading  Risk Management  Financial Modeling and Quantitative Roles Recent Article in the Economist:  Ever more jobs in finance are migrating to growth markets, particularly in Asia Apr 14th 2011 | HONG KONG AND NEW YORK | from the print edition Your Career Path: Think Global

Variety of Resources/Experiences MCFAM Career Development Many Ways to Get Exposure, Experience, Support: Workshops on Career Development On-going Career Coaching Meetings Friday MFM Seminar (watch schedule) U of MN CSE Career Center Professional & Student Association participation (PRMIA, FMA, IAFE) Projects, volunteer, part time work, internships Career Fairs/preparation – See MCFAM Events We Have Just Begun to Explore the Career Landscape Laurie to set up career coaching session(s) starting 10/1/11 to begin setting up