Financial Economics Institute

2006 New York City Networking Trip

January 9-13, 2006

In early January, the Financial Economics Institute sponsored a trip that enabled sixteen students to participate in the third annual New York City Networking Trip. The trip was very successful - offering students an invaluable learning experience, insight into career opportunities in the financial services industry, and the opportunity to establish contacts with CMC alumni.

FEI students talkingDuring the trip, students visited with eight different financial firms: The Compass Group, Altus Capital Partners, Lehman Brothers, Goldman Sachs, Kohlberg Kravis Roberts & Co., Morgan Stanley, Deloitte Consulting, and The Capital Group Companies. In addition, students attended an Alumni Association Cocktail Reception sponsored by David Officer ('70), Susan Matteson King ('85), and Timothy Galbraith ('87) at the Dreyfus Corporation on Wednesday evening.

After their arrival on Monday night, students attended an introductory dinner hosted by Pamela Gann at Cravath, Swain & Moore, LLP, courtesy of Julie Spellman Sweet ('89). FEI board members and other friends of CMC in attendance gave students an introduction to the week and a chance to ask questions.

Intoductory Student BriefingOn Tuesday, students visited with The Compass Group, Altus Capital Partners, Lehman Brothers and Goldman Sachs. Students enjoyed free time to explore New York City on Wednesday evening, and chose a number of activities including Broadway plays, fine restaurants, and visiting the Chrysler Building.

Altus Capital Partners and The Compass Group. Tuesday morning began with an introduction to private equity by Joe Massoud ('89) from The Compass Group and Russ Greenberg ('79) from Altus Capital Partners. Mr. Massoud and Mr. Greenberg gave students an overview of private equity, the tradeoffs between small and middle market leverage buyouts, and the benefits of diversification versus industry specialization.

Lehman Brothers. A presentation by Lehman Brothers concluded the Tuesday morning session. Carrie Ergin in Private Investment Management, and Senior Vice President, Ian Ratner discussed the structure of the firm and personal experiences in private investment management.

Goldman Sachs. Cody Smith ('79), a Senior Executive, and David Alvillar ('01), in Equity Trading, hosted students at Goldman Sachs on Tuesday afternoon. Mr. Smith and Mr. Alvillar introduced students to the structure and environment of a large investment bank and addressed the fundamental differences between the buy side and the sell side of investment banking.

On Wednesday, students had breakfast at Kohlberg Kravis & Roberts before spending the afternoon at Morgan Stanley. On Wednesday evening, students attended an Alumni Association Cocktail Reception sponsored by David Officer ('70), Susan Matteson King ('85), and Timothy Galbraith ('87) at the Dreyfus Corporation.

students at Alumni Association Cocktail Reception

KKR. One of the highlights of the trip was the visit to KKR during which CMC Trustee, Henry Kravis ('67), met with the students. Mr. Kravis, a pioneer in private equity and large leverage buyouts, spoke openly with students about his experiences and the evolution of the industry. The meeting with Mr. Kravis was a memorable reminder of the benefits of the CMC experience and the value of the alumni network. At the conclusion of the meeting, Mr. Kravis commented, "I am very pleased to tell you that this group is the most well prepared group of students I have ever met...your questions have been excellent...it makes me proud to be a CMC alum knowing that you represent my alma mater."

Morgan Stanley. Scott Ashby ('95), a Vice President at Morgan Stanley hosted students at the investment bank on Wednesday afternoon. Mr. Ashby introduced students to the Morgan Stanley organization and addressed the recent structural changes. After brief presentations by recruiters and associates, Mr. Ashby facilitated a break out session with young analysts and took students on a tour of the Morgan Stanley trading floor.

Vice President at Morgan Stanley hosts students at the investment bankOn Thursday, the final day of events in New York, students visited Deloitte Consulting and The Capital Group Companies. To conclude the week, Brian Dennis, Associate Director of the FEI, took students to dinner at the Metropolitan Café.

Deloitte Consulting. Senior Manager Mike Epstein hosted students on Thursday morning at Deloitte Consulting, the only consulting firm students visited on the New York City Networking Trip. Bernard Tubiana, a Principal at Deloitte, presented an introduction to the strategy consulting industry and specific opportunities within the firm. After the introduction, a panel of Deloitte Business Analysts presented a "Day in the Life" question and answer session that familiarized students with the opportunities in consulting directly after graduation.

The Capital Group Companies. The trip concluded with a visit to The Capital Group Companies on Thursday afternoon facilitated by FEI board member Gregg Ireland ('72), Senior Vice President. Throughout the meeting, Mr. Ireland and other members of the organization, including Brad Barrett ('01) and Joe Matt ('01) gave students an overview of investment management and long term value investing. The presentation provided a significant degree of contrast to many of the earlier presentations that highlighted the breadth of career options students have after graduation.

FEI Students in NYC

The overall satisfaction of students, alumni, and associates of the FEI is an indication of the success of the 2006 NYC Networking Trip. Not only was the trip an incredible eye-opening experience, but the insight and exposure the trip provided will help students as they continue at CMC and after graduation. Valuable opportunities such as the NYC Networking Trip depend on alumni support; the Financial Economics Institute sincerely appreciates the time and effort of the alumni and employers that made the trip such a great success.



Financial Economics Institute
Claremont McKenna College
Bauer Center
500 E. Ninth Street
Claremont, CA 91711-6400
909.607.0042
FEI@cmc.edu