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Welcome ! The Office of Career Development Preview Day 2003
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Office of Career Development (www.stern.nyu.edu/ocd) OUR MISSION: To help you Identify your career & employment goals Identify your career & employment goals Develop strategy, Develop strategy, Refine your career development skills, Refine your career development skills, Identify opportunities, & Identify opportunities, & Get the best start on the next phase of your professional life. Get the best start on the next phase of your professional life.
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OCD – Who are we? A group of smart people with a diverse set of backgrounds A group of smart people with a diverse set of backgrounds Two main functions: Two main functions: Career Counseling Career Counseling Corporate Recruiting Corporate Recruiting Great staff dedicated to helping you choose the career direction that is right for you. Great staff dedicated to helping you choose the career direction that is right for you.
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What does OCD do? Counseling Workshops & Individual Counseling on: Workshops & Individual Counseling on: Career choice Career choice Job search strategy Job search strategy Networking Networking Resume writing Resume writing Interviewing skills Interviewing skills Interview preparation Interview preparation Access to Alumni Access to Alumni Club Liaison Club Liaison Recruiting Corporate Relationships Recruiter Development Corporate Presentations On-Campus Recruiting Career Fairs Job Postings Club Liaison
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Job Market Trends Overview Consulting Industry hard hit by economic downturn. Consulting Industry hard hit by economic downturn. Banking still hiring; some efforts scaled back. Banking still hiring; some efforts scaled back. Marketing still hiring, but conservative. Marketing still hiring, but conservative.
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OCD Initiatives – To find new opportunities: To find new opportunities: Outreach to Outreach to New company targets New company targets Alumni Alumni Faculty contacts Faculty contacts More networking opportunities More networking opportunities Support for club initatives Support for club initatives To prepare you even better: To prepare you even better: Strategy & skill development programs Strategy & skill development programs Career Development Program Career Development Program
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What can I do with an MBA?
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Investment Banking Sector Corporate Finance How many 2002 graduates? How many 2002 graduates? 23% 23% What is it? The Investment banking side: What is it? The Investment banking side: Marketing of and providing M&A advisory, underwriting and capital raising services to corporate clients Marketing of and providing M&A advisory, underwriting and capital raising services to corporate clients What are the top skills? What are the top skills? Analytical: investigate & analyze corporate client & financial statements Communication: present & sell ideas Project management: internal point person on the deal team Where can you do it? Where can you do it? Investment Banks, commercial banks, boutique banks & finance companies Investment Banks, commercial banks, boutique banks & finance companies
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Equity & Fixed Income: Sales & Trading How many 2002 graduates? How many 2002 graduates? 9% 9% What is it? What is it? Equity = stocks; Fixed Income = Bonds Equity = stocks; Fixed Income = Bonds Sales: Calling on clients to pitch business, preparing materials, making presentations, working on the trading floor in an extremely fast-paced environment. Sales: Calling on clients to pitch business, preparing materials, making presentations, working on the trading floor in an extremely fast-paced environment. Trading: Buying & selling securities – committing firm's capital (if I- bank), managing positions and working in an extremely fast-paced environment. Trading: Buying & selling securities – committing firm's capital (if I- bank), managing positions and working in an extremely fast-paced environment. Sales & trading sometimes combined. Sales & trading sometimes combined.
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Equity & Fixed Income: Sales & Trading, cont. What are the top skills? What are the top skills? Interpersonal/Communication Interpersonal/Communication Sales: being persuasive Sales: being persuasive Trading: act as a liaison between multiple parties Trading: act as a liaison between multiple parties Decisiveness & Ability to Work under Pressure Decisiveness & Ability to Work under Pressure Financial Financial Analytical Analytical Sales: interpret research & evaluate competition Sales: interpret research & evaluate competition Trading: analyze & improve information flow between traders Trading: analyze & improve information flow between traders Where can you do it? Where can you do it? Sales - Bulge bracket & boutique investment banks Sales - Bulge bracket & boutique investment banks Trading – Bulge bracket investment banks, boutique investment banks, investment management firms, brokerage firms Trading – Bulge bracket investment banks, boutique investment banks, investment management firms, brokerage firms
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Equity & Fixed Income Research – The “Sell-side” How many 2002 graduates? How many 2002 graduates? 11% 11% What is it? What is it? “sell” or market stocks to investors “sell” or market stocks to investors Conduct research & publish reports on individual companies within a specific sector or industry Conduct research & publish reports on individual companies within a specific sector or industry What are the top skills? Communication: write research reports; make presentations Analytical & Quantitative: modeling, company analysis, pricing Interpersonal: interact with company mgmt., sales force, traders and bankers Where can you do it? Investment and commercial banks and boutique firms Investment and commercial banks and boutique firms Buyside research is similar and is done at mutual funds, pensions funds, etc. Buyside research is similar and is done at mutual funds, pensions funds, etc.
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Management Consulting How many 2002 graduates? How many 2002 graduates? 8% 8% What is it? What is it? Advising corporations & other organizations on business strategy or process. Analyze business problem, formulate solution, present and/or implement. Advising corporations & other organizations on business strategy or process. Analyze business problem, formulate solution, present and/or implement. What are the top skills? What are the top skills? Analytical & Problem-Solving Analytical & Problem-Solving Interpersonal: client relationships Interpersonal: client relationships Communication: presentations & client relationships Communication: presentations & client relationships Teamwork & Leadership: working in & leading teams Teamwork & Leadership: working in & leading teams Priority Management: manage multiple projects Priority Management: manage multiple projects Where can you do it? Where can you do it? Large consulting firms and boutique consulting firms Large consulting firms and boutique consulting firms
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The Corporate Sector Marketing How many 2002 graduates? How many 2002 graduates? 14% 14% What is it? What is it? Creating, developing, designing communications for & managing brands Creating, developing, designing communications for & managing brands What are the top skills? What are the top skills? Communication Communication Creativity Creativity Strategic: planning over brand’s lifecycle Strategic: planning over brand’s lifecycle Analytical: analyzing market trends Analytical: analyzing market trends Teamwork/Leadership: working in and leading cross-functional teams Teamwork/Leadership: working in and leading cross-functional teams Where can you do it? Where can you do it? Consumer products, financial services, media & entertainment & pharmaceutical firms Consumer products, financial services, media & entertainment & pharmaceutical firms
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General Finance How many 2002 graduates? How many 2002 graduates? 6% 6% What is it? What is it? Treasury: cash management, project financing & capital budgeting Treasury: cash management, project financing & capital budgeting Controller: cost accounting and budget control and financial analysis Controller: cost accounting and budget control and financial analysis What are the top skills? What are the top skills? Analytical: analyze firm’s financing & investment options; analyze financial statements Analytical: analyze firm’s financing & investment options; analyze financial statements Financial Financial Interpersonal: Interact & communicate with all levels of staff Interpersonal: Interact & communicate with all levels of staff Where can you do it? Pharmaceutical, consumer products, utilities, energy & diversified companies companies
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What can I do with an MBA?
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Two Year Curriculum – Summer Explore interests, industries & jobs Self AssessmentPreparing for Job MarketObtaining Summer InternshipConfirming/ChangingPreparing for Job MarketGetting 1 st Job with MBA Fall Alumni panels, corporate presentations, workshops, networking, mock interviews Spring Campus interviews, more networking, new opportunities, interviewing, refining skills Summer Internships, receptions, brown bags Fall Corp presentations, networking, mocks Fall/Spring Campus interviews, more networking, new opportunities, interviewing
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What can you do over the summer? Research career paths using resources such as vault.com and wetfeet.com Assess your interests using The Seven Stories Exercises Prepare your resume to target your career interests Informational Interview with friends and family in your area of career interest. August: Deepen your insight into career options by meeting with a career counselor to discuss the results of your Seven Stories Exercise and CareerLeader.
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