Finance Club The Recruitment Process Ross School of Business University of Michigan September 18, 2005

2 Agenda  Resources for First Years  Etiquette  The Timeline  The Process by Functional Area  Off Campus Opportunities

3 Odds and Ends  Add yourself to “FINCLUB06” mailing list on Impact  Go to “My Profile” and add it as an Impact Group below your resume  Dues payment not required to join FINCLUB06  Finance Club Dues  $45 for 1 year (MBA1s), $65 for “lifetime” (MBA1s/evening MBAs)  Dues required to access website, receive coursepack, participate in Wall Street Forum  Register at Finance Club website (allow for 24 hour response)  Or leave check in Vincent Leung (MBA2)’s mail folder in the student lounge

4 Resources for First Years  Finance Club  Webpage  UBS Finance Club Course Pack  Trainings and Workshops  Resume reviews, mock-interviews, meet the interns  Forums  OCD Councilors – they are Finance Club members too!  Resume reviews, mock-interviews, general counseling  Come prepared  Read  The Wall Street Journal (Daily)  Optional but great: Financial Times, Economist, etc.  Fellow First Years Finance Students  Second Years

5 Etiquette BE PROFESSIONAL!  Well dressed  Well groomed  Well articulated  Punctual  Focused  Asks good questions  Does not have their cell phones go off during meetings

6 Internship Search Timeline It’s Sooner Than You Think On-campus interviews!Jan. / Feb. October 14Resume deadline for iMpact Oct Wall Street Forum Company presentationsSept. / Oct. Ross Corporate Finance Forum Informational interviews Nov. / Dec. Form study groups, review Course pack, and begin profiling potential employers Oct st Term Final Exams

7 Preparation is key JOB

8 What they’re looking for As an MBA seeking a summer internship or full-time role, you need to demonstrate to companies that you:  Have a good understanding of the industry  Know the role of an Associate/Intern  Can articulate why you want to pursue a career in a particular industry (e.g. S&T)  Are someone people LIKE (e.g. for banking you are someone that other bankers want to work with 80+ hours per week)  Have the skills to do the job  Have a strong work ethic and can do the job

9 Calendar – IB Example Sept 25:Breakouts and Resume Review Oct 2:Breakouts, IB - Meet the Interns (UBS) Oct 9:Breakouts, IB - Meet the Interns, (JPMorgan) Oct 14:Wall Street Forum Applications Due Oct 16:Breakouts, Developing your “Story” Oct 24-26: Wall Street Forum Oct 27-28: Chicago Forum (Tentative) Nov 6:Breakouts and Interview Tips Nov 11:Corporate Finance Forum Nov 13:Breakouts, IB Meet the Interns (Lehman and Goldman) Nov 20:Breakouts, IB Meet the Interns (Citigroup and Deutsche Bank) Nov – Thanksgiving Break Dec 4:Accounting for Bankers (Tentative) Dec 10:Banking: Super Saturday I – Mock Interviews Dec 11:Breakouts and Cover Letters Dec 15 – 22:Final Exams Dec 23 – Jan 8:Winter Break Jan 6:Training the Street – Valuations Jan 7:Banking: Super Saturday II – Mock Interviews Jan 8:Final Hour Q&A

10 Public Service Message The Finance Club can not get you a job on Wall Street or anywhere in Finance. It is YOUR responsibility to take ownership of your career preparation, use the resources available to you, and do the BEST you can to land a job in Finance. We guarantee that your work will pay off.

11 Final Thought PREPARE "If one advances confidently in the direction of one's dreams, and endeavors to live the life which one has imagined, one will meet with a success unexpected in common hours.“ - Thoreau