2. About Me
Education: UMASS Amherst (BS)
Johnson & Wales University (MBA)
Northeastern University (MS)
Harvard Kennedy School, Executive Education | Leadership, Current
Northeastern University (Ed.D) ,Current
Current Employers: CEO|Founder, The Youth Career Coach Inc.
Leadership Lecturer, Northeastern University
Adjunct Leadership Faculty, University of Rhode Island
Education Consultant, EnCompass Education
Former Employers: M.I.T. Sloan School of Management | Boston University School of
Management| Johnson & Wales University |State Street Research &
Management | A.G.Edwards |Wachovia Securities | Macy’s | Neiman
Marcus | Saks Fifth | Swarovski |Bally’s Total Fitness | Reggie Lewis
Hobbies: Tennis, Piano, Cooking, Tae-Kwon-Do
Greek Organizations: Alpha Kappa Alpha | Delta Sigma Pi | Sigma Epsilon Rho
Cool facts: Goodwill Ambassador, Gambia (Miss Black RI USA)
Harvard ‘WECAN’ Woman of the Year 2010
3. “A career is not the same thing as a job –
it’s the sum total of your life’s
experiences, a work in progress that’s
never quite complete but gains depth
and meaning over time”
- Unknown Author
4. Stages of Career Development
What does a Career in Finance Mean
Leadership within 2 example firms & outside
Career Options in Finance
Resources
Q&A
Next Steps
3/5/12 www.theyouthcareercoach.com
5. Stages of Career Development
Decisions
Exploration
Self Assessment
6. Finance is a science that deals with money, risk and time. To be more
precise, it deals with how money deriving from various activities is spent.
Long history of attracting energetic and ambitious people who are
looking for the best career opportunities.
The industry is noted for compensation structures that are, overall, much
more generous than in other sectors of the economy.
High performers can move ahead regardless of age. As a result, working
in financial services can be particularly attractive for ambitious young
people in a hurry.
A premium is placed on quick thinking, quick acting, and constant
production of results. This can be trying for some people, exhilarating for
others.
Summarized from accumulatingmoney.com | About.com |
www.theyouthcareercoach.com 4/4/2012
7. Who are they…….
Gerald L.
Paul Francisco President and CEO State Hassell, President, CEO
Marcus Sharp, VP & Karen B. Peetz
Vice President- Street Global Advisors Financial Controller BNY, Vice
BA, Economics, Duke
Diversity MBA, NYU Chairman and
Consultant Global Scott has an AB in BA, Economics, BU Chief Executive
Inclusion at State Economics from Harvard Started: 3 decades ago, he
MBA,NEU* Officer, Financial
joined the BNY
Street College and played MSF, NEU Markets and
Management Development
varsity hockey. Program , he was 21 years MST, NEU Treasury Services
BS, Political old* Chair, (WIN)*
Science, BU Past Started in Sales/Mortgage BS, PennState
Extras: Board of Directors at
President ALPFA Comcast, New York Specialist, Financial MS, Johns Hopkins
Philharmonic, Economic Analyst etc.
Started as a Tight Club of New York , Vice Past Employers: Bank of
End, Patriots Chairman of Big Brothers
Big Sisters* of New York America, Citizens, Bosto
n
From Honduras Capital, Genzyme, Fideli
8. Samuel A. On February Elizabeth Mossad
The Executive
Ramirez, Sr. 13, 1970, Joseph L. is a 20 year veteran
Leadership
(born 1941) Searles III became of Citigroup. She
the first black floor Council
made Wall currently works as a
member and floor (African
Street history Business
broker in the New American
by becoming Information
York Stock Leaders)
the first Exchange. He Security
Hispanic to worked as a floor Officer, Risk and
launch a partner in the firm Control, and Data
successful of Neburger, Loeb Privacy/Legal
investment and Company. Clearance
banking firm. www.theyouthcareercoach.com
Manager. (ALPFA) 4/4/2012
9. Year Up’s Curriculum:
1. Global Markets
2. Global Financial Services
3. Global Advisors
90% of all entry level positions for State Street come through
one division – Financial Services
ABOUT YOU: Accounting/Pricing Specialist etc.
4/4/2012 www.theyouthcareercoach.com
10. Year Up’s Track:
Department of Client Accounting & Reporting
• General Securities
• Accounting Theories
Department of Mutual Funds Custody
• General Investment & Management
Department of Global Corporate Events
• General Investment & Management / Products
4/4/2012 www.theyouthcareercoach.com
11. Affinity Groups: Women Investors Network , Year-Up, Global
Mentoring Program, Catalyst, INROADS, Working Parents
Group,
Employees have access to a full curriculum of classroom-based
training programs along with a full suite of e-learning
programs
4/4/2012 www.theyouthcareercoach.com
12. Affinity Groups HEART, IMPACT, Prism, WIN
http://www.bnymellon.com/diversity/affinitynetworks.html
3,000 on-line courses offered through ‘Intuition’ areas including:
Asset Servicing, Wealth Management, Competency Training
for Leaders
4/4/2012 www.theyouthcareercoach.com
14. Can you name a few?
Financial Service Brokers
(Stock, Securities, Commodities/Futures)
Ratings Analysts (CFA)
Loan Officers
Consultants
Insurance Underwriters
Actuary
Accountant/Auditor *
Source: http://amyjane.hubpages.com/hub/Finance_Careers
Source: http://careers-in-business.com/consulting/mc.htm
4/4/2012 www.theyouthcareercoach.com
15. 1. Commercial Banking
2. Corporate Finance
3. Financial Planning
4. Hedge Funds
"It's better to hang
5. Insurance out with people
better than you.
6. Investment Banking Pick out associates
7. Money Management whose behavior is
better than yours
8. Private Equity and you'll drift in
that direction." ~
9. Real Estate Warren Buffett
4/4/2012 www.theyouthcareercoach.com
16. Commercial Banking
Services to individuals, small businesses and large organizations.
Starting at the branch level such as a teller to a wide variety of other services such as
leasing, credit card banking, international finance and trade credit.
Corporate Finance
Help companies raise capital, Works on client (or transaction) team, MBAs hired at the
Associate level
You help a company find money to run the business, growth the business and make
acquisitions, and plan for its financial future and manage any cash on hand.
Financial Planning
Financial planners and wealth managers help individuals plan their financial futures.
A good financial planner understands investments, taxes, estate planning issues and knows
how to listen.
4/4/2012 www.theyouthcareercoach.com
17. Hedge Funds
Makes calls on a wide range of financial assets -from corporate bonds to
stocks to currencies.
Runs all or part of a hedge fund, with the goal of maximizing return
Insurance
Major areas of opportunity include auto insurance, life insurance, P&C
(property & casualty) insurance, and health insurance.
Investment Banking
Help companies and governments issue securities, help investors purchase
securities, manage financial assets, trade securities and provide financial
advice.
4/4/2012 www.theyouthcareercoach.com
18. Money Management
Money managers hold stocks and bonds for institutional clients and are on the buy side
of Wall Street. Some money use quantitative techniques while some use their intuition.
Many money managers buy and hold fixed income securities including mortgaged-
backs, corporate bonds, munis, agency securities and asset-backed securities. Others
focus on equities, including small stocks, large caps and emerging market stocks.
Private Equity
Purchasing all or part of the equity of companies away from a normal stock purchase in
the public equity markets.
Real Estate
Real estate fields such as title insurance, construction, mortgage banking, property
management, real estate appraisals, brokerage and leasing, and real estate
development
4/4/2012 www.theyouthcareercoach.com
19. Two of the most popular jobs in finance in 2012?
Source: http://www.careerguidetips.com/
21. TOP
UNIVERSAL SKILLS
Communication Skills*writing, teams
Organizational Skills
Computer Skills
Interpersonal Skills
Analytical Skills
Leadership Skills
Problem-Solving Skills*using creativity
Time Management Skills
Mathematical Skills
Professionalism
Re-Engineering Skills*
22. Hoovers.com | Vault.com
http://financecareers.about.com
National Association of Hispanic Investment Bankers and
Advisors (NAHIBA)
http://www.investmenteurope.net/
Twitter: company, college recruiting site
DooStang Website http://www.doostang.com/
Wetfeet http://www.wetfeet.com/careers-industries
Jung Typology http://www.humanmetrics.com/cgi-win/JTypes2.asp
List your Top 10 Finance Professionals (Diverse)
http://www.careers-in-finance.com/
Research i.e Competitors The bank's main competitors are Northern Trust and J.P. Morgan
Chase & Co.
Join an Association (Ex. AFP (Association for Finance Professionals), ALPFA (Association for Latino
Professionals in Finance & Accounting)
Take the BAT by Bloomberg https://www.bloomberginstitute.com/bat/start/
4/4/2012 www.theyouthcareercoach.com
Questions: What schools have you all chosen to attend? Based on? Who picked going to Babson? What is the culture here? You can learn what they value by studying who is in leadership?Source: CEO, Gerald Hassell http://www.bigsnyc.org/enewsletter0410.phpSource: http://www.bnymellon.com/about/management/peetz.html Extras: Biography: Mike Bloomberg was born in Brookline, Massachusetts in 1942. He earned an engineering degree from Johns Hopkins, and an MBA from Harvard. He joined Salomon Brothers in New York in 1966, eventually rising to head their trading information systems.http://financecareers.about.com/od/whyfinancialservices/a/bloomberg.htmBiography: Leslie Greis was born in Holden, MA, a suburb of Boston, in 1958. Drawn to athletics at an early age, she proved adept at a number of different sports. Leslie Greis took up golf at age 13, and within four years became state junior champ in Massachusetts. Founded her own investment management firm.
Ramirez's parents moved from Puerto Rico to New York City in the late 1920s in search of a better way of life. They moved to Spanish Harlem where Ramirez was raised and educated. His father worked at the Brooklyn Navy Yard and his mother was a seamstress. After he graduated from high school, he applied for admission to go to college.[1]Ramirez enrolled in Brooklyn's St. France's College where he earned his Bachelor's Degree in Economics in 1965. He barely started college when during his summers he worked for Kidder, Peabody & Co. gaining experience in equity transactions. After he graduated, he went to work for the investment banking firm Stoever Glass & Co. During the years that he worked for Stoever Glass, he became an expert in municipal bonds and earned a reputation amongst the firms clientele as a reliable investor. The experience which Ramirez gained and the satisfaction of helping others to obtain their financial goals motivated him to start his own investment banking firm.[1]In 1971, with an investment of $50,000, Ramirez launched his own firm "Ramirez & Co.". The company specializes in the distribution of municipal bonds, and provides retail and institutional sales along with investment banking services to corporations and state and local governments. In order to gain recognition and alliances from other firms, Ramirez decided to not make the yet small Hispanic market his primary focus.[_____________________________Joseph L. Searles III became the first Black member of the New York Stock Exchange in 1970.Joseph Searles graduated from Kansas State University with a Bachelor's degree in Political Science in 1963. After serving as an aide to New York City Mayor John Lindsey, Searles resigned to become one of the three floor traders, and a general partner, for Newburger, Loeb and Co. He was elected as the first African American member of the New York Stock Exchange on this day in 1970. __________________________________________________http://alpfa.org/index.cfm?fuseaction=Page.viewPage&pageId=156__________________________________________________Either Thorvald McGregor, a Virgin Islands native and former Marine, or Lawrence L. Lewis, a back-office clerk from San Francisco who finally landed a front-office job in New York City, depending on which 1949 media account you accept. The first black-owned firm to be licensed by the National Association of Securities Dealers was McGhee & Company, whose Georgia-born founder, Norman McGhee, hung out his shingle in 1952.
Let’s talk about your current roles? Duties? Responsibilities? What skills have you grown from having these positions? Notes: Primary Entry as (Proofs and Audit Specialist, Income/Corporate Analyst, Accounting/Pricing Specialist, Custody Specialist
Let’s talk about your current roles? Duties? Responsibilities? What skills have you grown from having these positions? What are the 4 main specialties of BNY Mellon and which one of them do you see yourself fitting into? Notes: Primary Entry as Accounting & Reporting Specialist, Account Administrator I, Corporate Action Global Custody Specialist *Lateral movement only then can you move vertical
What are you options to learn within your company? What can you do now?
What are you options to learn within your company? What can you do now?
We’ve talked about your current roles? Skills you’ve gained? Schools you’ve chosen to attend? Any questions……
Can you name a few Career Jobs in Finance? Do you know anyone that dose those careers? *Accounting is really considered it’s own and not a job in Finance. *Management Consulting: Health, Litigation, Finance ex. Accenture, Bain, BCG, KPMGChrisGardner earned a spot in the Dean Witter Reynolds training program but became homeless when he could not make ends meet on his meager trainee salary. Lesson’s learned from that movie….
I’m going to briefly cover 9 sectors in finance? Can you name any of them? Hint: C.C.F.H.I.M.P.R
Commercial Banking International Talent in High Demand at Money-Center Banks According to Hoyle Jones, Head of recruiting at Citicorp: The firm is "aggressively in the hiring market. "We're looking for U.S.-educated Asians and Latin Americans to go back home and grow businesses."Corporate Finance Help companies raise capital, Works on client (or transaction) team, MBAs hired at the Associate level (equity, debt, derivative) – Equity, debt, convertibles, preferred, asset-backedor derivative securities• Typically a matrix organization of industry andproduct groups• Work on client (or transaction) team• MBAs hired at the Associate levelA career in corporate finance means you would work for a company to help it find money to run the business, grow the business, make acquisitions, plan for its financial future and manage any cash on hand.Rather the key to performing well in corporate finance is to work with a long view of what going to make your company successful. Many would argue that corporate finance jobs are the most desirable in the entire field of finance.Financial PlanningMost planners go solo or work within smaller practices. It's essential then that you have a certain amount of entrepreneurship given that you will be running your own business.Increasingly, it pays to obtain the Certified Financial Planner (CFP) designation. An alternative designation popular outside of the United States is the Chartered Wealth Manager.
Hedge Fund A hedge fund manager runs all or part of a hedge fund, with the goal of maximizing return. The hedge fund manager makes calls on a wide range of financial assets - from corporate bonds to stocks to currencies. This is one of the most "white knuckle" jobs in all of capitalism. The compensation for working in a hedge fund can be unusually high. It is not uncommon to see a person in their late 20s or early 30s pull down $5 million a year or more in one of the right positions at the big funds.What is a hedge fund anyway? At its core, a hedge fund manages a pool of money for large investors. These include working at a hedge fund as a junior trader; strategist; analyst; quant; software developer; risk manager; and in various administrative roles.InsuranceDid you know that some of the hottest jobs in finance aren't on Wall Street at all? These are jobs in insurance. Insurance is a trillion dollar business that employs more than 3 million people in the United States alone.As the population ages and wealth grows, the demand for insurance professionals will increase dramatically.Investment BankingThe top investment banks including Goldman Sachs, JP Morgan and Morgan Stanley are said to be in the bulge bracket.Other investment banks are regionally oriented or situated in the middle market (e.g. Piper Jaffray). Others are small, specialized firms called boutiques which might be oriented toward an industry vertical, bond-trading, M&A advisory, technical analysis or program trading.
Money ManagementDo you like to look behind the numbers? Do you like to analyze market trends? Do you get an adrenaline rush when a stock takes off? If so, then money management may be the career for you. Money managers hold stocks and bonds for institutional clients and are on the buy side of Wall Street. Some money managers use the latest sophisticated quantitative techniques while others do very well using simple intuition.Many money managers buy and hold fixed income securities including mortgaged-backs, corporate bonds, munis, agency securities and asset-backed securities. Others focus on equities, including small stocks, large caps and emerging market stocks.To get started today, be sure to study portfolio theory, learn fixed income investments, take the CFA exam and, above all, learn the industry Private EquityBy private equity we are referring to the activity of purchasing all or part of the equity of companies away from a normal stock purchase in the public equity markets. We separately discuss the closely related career opportunity in venture capital - the activity of investing in small, early stage companies.Private equity firms control close to a trillion dollars of capital and get involved in leveraged buyout transactions, partial stake purchases in public companies and investments in private companies.The leading private equity firms include Blackstone, KKR and TPG. Real EstateAs you read this, more than seven million people in the United States have jobs in real estate fields such as title insurance, construction, mortgage banking, property management, real estate appraisals, brokerage and leasing, and real estate development. In addition, many are engaged in corporate real estate and in real estate lending in commercial banks, savings and loans, and insurance companies where their jobs are included in counts of jobs in the real estate sector. Over a third of the world's wealth is tied up in real estate.
Re-engineering SkillsThis is the art of doing something other than what you were originally trained to do. Kathy Freeland, author of Navigating Your Way To Business Success, says, "In a down job market, we must be able to reinvent ourselves through learning new skills and developing new capabilities in order to land the jobs that are available." A potential employee is more valuable to a firm if he/she can wear different hats as required.Mr. Hassell's biggest challenge is "re-engineering," said Brad Hintz, an analyst at Sanford Bernstein. "How can he squeeze more expenses out of the bank to allow it to perform better until rates rise.“http://online.wsj.com/article/SB10001424053111903895904576544992946954136.html
http://www.h1base.com/ Extra news updates: State Street Global Advisors Fined $5 Million by the Massachusetts Division of Securities Announced by Gilman Law LLPhttp://topnews.com.sg/content/2375-state-street-bank-sued-california-overcharging-alleged | State Street Bank Sued by California, Overcharging Alleged