Finance Club Updates Ross School of Business Finance Club University of Michigan October 2, 2005

2 Agenda  Wall Street Forum Update  Wall Street Forum Preliminary Schedule  Wall Street Prep – Financial Modeling Seminar  Recent Feedback

3 Wall Street Forum Update  Busiest and best line-up in years  Everyone encouraged to attend  If you are remotely interested in a financial services career (NY or elsewhere) you NEED to attend for your own personal/career/network development

4 Wall Street Forum Update  Details:  Monday October 24 th 8:00 AM to Wednesday October 26 th 5:30 PM  Applications available online tonight and due Sunday October 9 th by 6:00 PM. Please place copy in Ted Omlid’s folder  Arrive in NY Sunday afternoon or evening –UBS optional Informationals on Sunday evening (10/23)  Depart late Wednesday (after 7:30 PM) evening or Thursday? –Informational interviews on Thursday?  Hotel TBD this week  Bus transportation from Hotel and to and from all activities

5 Wall Street Forum Update  Details (cont):  Formal dress – get your suits ready and shoes shined – Plan dry-cleaning accordingly  If you are not at the hotel and taking designated transportation, you must arrive 30 minutes prior to scheduled event  Security is tight and everyone must be checked in, which takes time  If you are late for any event – you will not be allowed to enter

6 Wall Street Forum Schedule  Sunday  UBS IB Informationals (evening)  Monday  S&T, PWM Breakouts at Morgan Stanley and JPM, respectively  UBS (All functions)  JPMorgan (All functions)  Tuesday  Goldman Sachs (All functions)  Lehman Brothers (All functions)  Citigroup (All functions)  Bear Stearns (All functions)  Dean’s Reception at Waldorf Astoria (6:00 – 8:30 PM)

7 Wall Street Forum Schedule  Wednesday  Goldman Sachs PWM Breakout  S&T Breakout – UBS Trading Floor/Lehman Brothers trading simulation  Wachovia Securities (IB, maybe others)  Houlihan Lokey Howard & Zukin (IB)  Bank of America Securities (IB, maybe others)  GM Treasury  Various Corporate Finance, TBD  Thursday  Potential informational interviews (last year: UBS, Lehman, others??)

8 Financial Modeling Seminar  All members STRONGLY encouraged to attend  Investment Banking  Equity Research  Corporate Finance  Saturday December 3 rd and Sunday December 4 th (8:00 AM to 5:00 PM)  Registration is First Come, First Served for MBA1s and MBA2s. Depending on demand, this will be opened up to Investment Association and Consulting Club  Cost is $ (includes lunch both days)  Registration and details available at:  Cost covers 16 hours of computer training and course materials and online access to financial models for 3- months after class

9 Financial Modeling Seminar  Training topics:  Excel best practices  Excel shortcuts (START NOW!)  Building financial projection models  Creating circular/flowing models  Valuation methodologies explained using Excel  Linking financial projection model to discounted cash flow analysis  Creating leveraged buyout (LBO) models  This will help you immensely for interview prep and your summer job and can be a bullet on your resume  Keep pace with other top schools and ensure every student is well-prepared for their summer experience

10 Recent feedback  Not isolated and not unique to Finance Club  Several negative comments  Mobbing recruiters  Lingering around recruiters  Redundant questions from presentation  Students unprepared to talk intelligently about bank  Respect for normal social etiquette  Poor communication skills from international students  This reflects poorly on EVERYONE, including alumni. This is our Brand and we all have to PROTECT it!

11 Action Items  Treat each presentation as a class – spend time preparing for each presentation!  Have 2-3 strong questions – listen and identify strong questions from your peers to build up your “question bank”  DO NOT MOB recruiters!  Form circles of 2-4, everyone else wait patiently behind  Ask no more than 2-3 questions or spend more than 5-8 minutes with any one recruiter  Do not repeat questions from the presentation  Respect the intended audience and your peers!  You have a very strong class – everyone needs to step- up and show recruiters the talent at Michigan

12 Action Items  Form study groups and devise good questions and talk about banks  Utilize OCD and your peers  Remember “Luck favors the well-prepared” There is no substitution for preparation during this process International Students  Work on English by forming study groups with peers  Consider additional language courses  Practice asking questions  “It doesn’t matter how smart you are, we have found people that do not communicate well both verbally and in writing, do not do well here” IB Recruiter