mfin orientation 2012
DESCRIPTION
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Master of Finance Co-op Orientation
• Largest business co-op degree program in Canada • More than 1,200 work terms annually • Undergraduate programs in Arts, Business, Economics
and Science • Three separate graduate programs within SBE • Leading organizations post more than 3,000 jobs
annually • Equates to more than 45,000 job applications
processed annually
A FEW FACTS…
DEPARTMENT OF CO-OPERATIVE EDUCATION
Master of Finance Work/Study Sequence
Fall Term Recruiting starts in early September –
two weeks into classes
Winter
Work Term 1
Spring Term
Recruiting starts first week in May
Fall
Work Term 2 (Grad recruiting starts)
Winter
Study Term
BIG PICTURE…
MABE Work/Study Sequence
Fall Term Study 1
Winter Term
Study 2
Spring
Work term (4 or 8 month work
term)
Fall
Work Term (Grad recruiting
starts.)
Winter Study 3
This Week
September & October
Resume review
Write a cover letter
Interview skills
Practice with Employers Sept. 14
Apply to jobs on Navigator Sept. 21
On-campus Interviews
Oct. 12 to 20
Toronto Interviews Oct. 7 & Oct. 11
Rank/Match Oct. 26
YOUR DEVELOPMENT AND THE “PRIMARY” RECRUITING
PROCESS
9%
43%
77%
100%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Pre-match Match (Oct. 27) Early Dec. First wk Jan.
THE “CONTINUOUS” PROCESS
EMPLOYMENT BY INDUSTRY
January-April May-August September-DecemberEconomic Research !"% #$% !"%Finance - Securities/Investments %% & !"%Human Resources & Administration '% & &Information Technology (% & &Insurance (Non Sales) & %% #%Management Accounting !!% #)% #"%Marketing/Sales "$% #)% '(%Operations/Supply Chain %% %% !*%
Bank of America Merrill Lynch, Business Management Co-op Barrick Gold, Treasury Analyst
Birch Hill Equity Partners, Analyst BMO Capital Markets, Investment Banking Analyst
CIBC World Markets, Fixed Income Analyst / Securities Lending Analyst CPP Investment Board, Portfolio Analyst
Deutsche Bank Securities, Trading Assistant Fidelity Investments, Treasury Analyst
Gluskin Sheff + Associates, Equity Research Associate / Fixed Income Goldman Sachs, Investment Banking Analyst Imperial Capital Group, Private Equity Analyst
JC Clark, Equity Research Analyst
FUNCTIONAL CHOICES
Manulife Financial, Risk Analyst, Asset Liability Management ONCAP, Private Capital Analyst
Ontario Teachers’ Pension Plan - Fixed Income, Infrastructure, Private Capital Paradigm Capital, Corporate Finance
Raymond James, Real Estate Equity Capital Markets RBC Capital Markets – Risk Mgnt, Investment Banking, Sales & Trading Scotia Capital Markets – Equity Research, Investment Banking, Trading
Sentry Select Capital – Research Analyst TD Securities – Commercial, Trading, Investment Banking
UBS Securities – Equity Research, Sales & Trading (Equities) Waratah Advisors – Investment Analyst
FUNCTIONAL CHOICES
Function High Average
Accounting - Management $850 $774 Business Development $1,058 $929 Consulting - Management $641 $641 Economic Research $727 $727 Finance - Banking $1,153 $954 Marketing $933 $759 Strategic Planning $800 $764 Supply Chain Operations $1,101 $883
Overall $1,153 $806
GRADUATE WEEKLY SALARY WORK TERM 1
Week of Aug. 15 Orientation starts on Aug. 16 Week of Aug. 22 Schedule individual meeting with Laurie.
Research due - 1) functional areas of interest to you, 2) three companies, and 3) three position titles
Week of Aug. 29 Resume & cover letter due Aug. 31 Week of Sept. 5 “Mock” job postings on navigator Week of Sept. 12 “Mock” interview with an employer on Sept. 14 Week of Sept. 19 Job postings begin on Sept. 21 Week of Oct. 3 Toronto interviews on Oct. 7 Week of Oct. 10 Toronto interviews continue on Oct. 11; on-campus
interviews Oct. 12 to 20 Week of Oct. 17 On-campus interviews continue to Oct. 20; rankings available on Oct. 21 Week of Oct. 24 Student rankings due Oct. 24; results on Oct. 26
FALL CO-OP SCHEDULE
• Analytical, logical & mathematical – accounting and finance knowledge, able to synthesize large amounts of information, attention to detail
• Financial valuation, modelling • Knowledge of global economy, markets, industry trends • Drive for results. Are you a goal setter? • Excellent communication skills – written and oral • Team-player, strong work ethic – how hard have you
worked in the past? • Record of achievement – your undergraduate grades • Well-roundedness (community & extracurricular) – “the
fit” • Do you have “safe hands”? Can you handle
responsibility or will you drop the ball? • A PASSION for the business
SKILLS TO EMPHASIZE
Fees Assessed to recover a portion of the overall costs University does not receive funding to offer co-op Fee is amortized over two years Not a “placement fee”
Your participation Communication – Laurier e-mail, monitoring navigator Applying to postings, attending interviews Work terms – visit, work term report, evaluation of
performance Record of marks Academic standing Confidentiality
ADMISSION CONTRACT
• Vault.com – industry and company guides (available through the Laurier Library)
• Wetfeet.com – Similar to Vault. • WallStreetOasis.com - Job board, interview guides, forums • Ibankingfaq.com – Interview and job search coaching • Job Juice – Interview practice • Globe Investor, Yahoo! Finance, Financial Post • Motley Fool. An Introduction to the World of Finance • Cavendar Park. Focuses on interview prep. CD’s available to
borrow from Laurie • Canadian Securities Institute (https://www.csi.ca) Many
students enroll while doing undergraduate degree. • CFA Institute and Toronto CFA Society
RESOURCES