Welcome! Department of Finance Pamplin Preview Dr. Vijay Singal.
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Transcript of Welcome! Department of Finance Pamplin Preview Dr. Vijay Singal.
Welcome!
Department of FinancePamplin Preview
Dr. Vijay Singal
What Do You Want From a Finance Degree?
Knowledge/Education?
Placement/Job?
Money/Stability?
Prestige/Position?
Why You Should Choose Finance
YOU SHOULD BE INTEREST IN IT!!!AND IN OUR DEPARTMENT Students come first. Faculty are dedicated to improving the
intellectual environment The curriculum and department changes
to meet the needs of students. Graduates have excellent employment
opportunities.
Department Excellence
Largest Major in Pamplin
200 Juniors; 250 Seniors
Highest Employment Rates (even higher than Engineering.)
Availability of faculty for student interaction.
What You REALLY Want
From Us – Quality and Commitment
For You – RESULTS
How Do We Do It?
Commitment to students Undergraduate program
Current students, faculty, and alumni all working together to create a stronger future by building a stronger present.
Commitment to Our Students
Curriculum – continually revised to better prepare students for the market place
Placement – relationship with alumni and companies help our students reach their employment goals
Ranking – Nationally ranked undergraduate program – 40th U.S.
Undergraduate Curriculum
How many finance classes necessary to be a finance major or to have a finance concentration?- Virginia Tech: 9 classes- Maryland: 6 classes- UVa: 6 classes- NC State: 5 classes- Wake Forest: 5 classes- UNC: 4 classes
Fixed income, M&A, derivatives, international
Finance Tracks
Investments and CFA® Track Focuses on the purchase and sale of
stocks/bonds by individuals and institutions. Assess the value of securities and design investment policies and portfolios that are consistent with the goals of the investor.
Finance Tracks
Corporate Financial Management Track Focuses on the internal decisions of
companies to raise funds and invest in corporate assets.
Finance Tracks
Financial Services Management Track Focuses on the management and
regulation of institutions and the role they play in the economy.
Financial Accounting Track A combination of Finance and
Accounting skills that are used to evaluate the company for valuation, investment, or lending.
Finance Track (Coming Fall 2007)
Certified Financial Planning (CFP) Focuses on the management of assets
for individuals and small businesses Areas include:
Insurance planning and risk management Employee benefits planning Investment planning Tax planning Retirement and estate planning
A Faculty to be Proud of
Great student evaluations of classes and teachers Median Class/Teacher Evaluation: 4.37 on a 5.0
scale Faculty to student ratio (1:25)
A Faculty to be Proud of
20 Faculty University Level TEACHING Awards
3 Wine Award Recipients 1 Alumni Teaching Award Recipient 1 Alumni Award for Excellence in
International Education State Level TEACHING Awards
1 SCHEV Outstanding Faculty Award
A Faculty to be Proud of
Books – Our faculty teach the nation.
Well over 1 ½ million students nationally have learned finance using textbooks written by our professors.
Faculty authored books on Personal finance, Corporate finance, Investments, Internet law, Stock market mispricings, and Statistical properties.
Faculty Books
Faculty Research
Our faculty stay informed of current trends and latest research in the financial world, and publish their newest research in top tier finance journals.
Virginia Tech ranks 8th in research productivity based on publications in a set of 16 finance journals (latest study for the last decade).
Virginia Tech ranks 16th in research productivity based on publications in the top three leading Finance Journals (latest study for the last decade).
Some faculty rank in the top 50 professors nationwide.
Scholar of the Week
Virginia Tech is home to about 1300 researchers. Each week, the Vice President for Research recognizes one outstanding researcher in the entire University.
The first three Business School faculty to be recognized are all in the Finance Department. One more faculty member was recently recognized.
New Faculty
Dr. Mike Cliff (Ph.D. Finance, University of North Carolina)
Dr. Alexei Ovtchinnikov (Ph.D. Finance, Purdue University)
Dr. Ozgur “Ozzie” Ince (Ph.D. University of Florida)
Students to be Proud of
Equity Fund – SEED – 25 students Started in 1992 Manages $4.5 million (real money)
Bond Fund – BASIS – 15 students Started in 2006 Manages $4 million (real money)
Are We Successful?
Year SEED S&P 500 Difference2005 – 2006 18.473% 11.727% +6.747%2004 – 2005 5.700% 6.690% -0.990%
2003 – 2004 19.759% 19.559% +0.200%
2002 – 2003 3.995% 3.254% +0.741%
Alumni to be Proud of
Last two years: 30-35 alumni have visited campus to meet with students formally and informally. Companies represented include Wachovia, Merrill
Lynch, Citigroup, CSFB, GE, Capital One, Genworth, Sony, etc.
Allows our students a chance to interact with alumni who can explain practical applications of current class teachings.
Extremely helpful in keeping our curriculum up to date in a changing financial landscape.
Winners of Pamplin Outstanding Young Alumnus Award
2003Bunge Foods
2004Sony
2005Atria
2006MGM Mirage
Why Do We Do It?
Positive Results
Placement
The TOP department in on-campus interviews – over 900 granted to students last year
Location: VA (50%), MD/NC/DC (20%)
New York: Growing presence Tremendous help from alumni
Companies Hiring Finance Majors
Access National Bank BB&T (Branch Banking
and Trust Company) Capital One Circuit City Stores, Inc. Ferguson Enterprises First Citizens Bank General Electric
Company Genworth Financial
Ingersoll Rand John Hancock Financial
Services Marriot Corporation Merrill Lynch Northrop Grumman Pricewaterhouse
Coopers Virginia Asset
Management, LLC Wachovia
SHOW ME THE MONEY!!!
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
1988 1992 1996 1999 2002
Annualized Growth Rate = 6.6%
Undergraduate Finance Salary Report
CollegeMean Salary
Finance25th
Percentile
Finance 50th
Percentile
Finance 75th
Percentile
2003-2004 $39,325 $34,750 $40,000 $45,000
2004-2005 $41,000 $38,000 $42,250 $47,000
2005-2006 $45,000 $40,000 $45,000 $50,000
Information as reported to VT Career Services in the annual post-grad report
Thank you
For additional informationhttp://www.finance.pamplin.vt.edu/
Student Organizations
SEED Student-managed Endowment for Educational
Development (25 Students) Manages an equity portfolio of $4 million on behalf
of the Virginia Tech Foundation. SEED earned 19.54% during 2005-06 (April-March),
beating the S&P 500 by 780 basis points.
BASIS Bond And Securities Investing by Students (15
Students) Manages $4 million for the Virginia Tech Foundation
Special skills
Equity Fund – SEED – 25 students Bond Fund – BASIS – 15 students CFA® awareness and training
Finance Club
SEED Program
Pamplin College of Business
Brandon Rice Former Co-Chief Executive Officer SEED 2004 - 2006
History of SEED 1991: Dr. Don M. Chance’s Vision supported by
Dean Richard Sorensen
1992: Original proposal to Virginia Tech Foundation (VTF)
1993: Funded with $1 million
1995: Additional funds of $1 million provided
2006: BASIC is currently being proposed to the Virginia Tech Foundation
Description of SEED Currently $4.5 million under management
(started at $3.8 million last April 1)
Student-run investment portfolio: Nation’s largest run as an extracurricular activity Third largest portfolio in terms of funds managed
Entirely student run: Administration Security Selection Personnel
2005-2006 Team: 21 members
SEED Organizational StructureSEED Organizational S tructure
Voting M em bers
Non-Voting M em bers
A d visors :D r. B illings ley
D r. K eow n
O p era tion sS p ec ia lis t
A na lys t
A na lys t
A na lys t
A rea M an ag erF inanc ia ls
A na lys t
A na lys t
A na lys t
A rea M an ag erT echno logy
T e lecom
A na lys t
A na lys t
A na lys t
A rea M an ag erHea lthca re
A na lys t
A na lys t
A na lys t
A rea M an ag erE nergyUtilit ies
M a te r ia ls
A na lys t
A na lys t
A na lys t
A rea M an ag erIndus tr ia ls
A na lys t
A na lys t
A na lys t
A rea M an ag erC onsum er S tap les
C onsum er D isce t iona ry
C o-C E O 's
Investment Approach Approach:
Equity Valuation and Portfolio Management Taught by Advisor Dr. Randall Billingsley
Focus Security Selection Sector Allocation
Long-term perspective appropriate to VTF
Member Selection Process Typically 70 – 100 applicants Applicant requirements:
Resume Transcript Letter of Recommendation Two one page essays
Approximately 35 interviews offered 2 Stage interview process:
Analytical PowerPoint buy/sell recommendation on an assigned
company Behavioral
18 Selected to new team, with 7 returning members New team totals 26 members
Applying to SEED Who can Apply?
Sophomores, Juniors and Graduate
When do you Apply? Fall Semester (September/October)
Why should you Apply? Gain real world investing experience Leadership opportunities Network with peers and Alumni
Trips to New York City and Charlotte
Do you have to have experience to apply? No, but energy and enthusiasm to learn about and how to invest
are necessary.
Current Team Placements
Alex Karjavine – Merrill Lynch (Investment Banking)
Brandon Rice – Merrill Lynch (Investment Banking)
Christine Myers – Wachovia Securities (Investment Banking)
Allison Davis – Wachovia Securities (Structured Products)
Matt Kochan – Wachovia Securities (Structured Products)
Brandon Phibbs – General Electric (FMP)
Thomas Fast – General Electric (FMP)
DJ Terreri – PriceWaterhouseCoopers (Auditing)
Ross Sucosso – Wachovia Securities (Internal Auditing)
Zach Toth – Beers and Cutler (Consulting )
Scott Randa – Genworth Financial (Marketing and Sales )
Michael Roberts – NVR Homes (Loan Officer)
For More Information…
Check out our website! www.seed.cob.vt.edu
E-mail Thomas Fast or Barrett Clark (Current Co-CEO’s) [email protected] [email protected]
E-mail me… [email protected]
A Partial List of Employers of our 2003 Graduates:
Employer JobTitle City/State
Access National Mortgage Analyst Reston, VA
American Express Financial Advisors Associate Financial Advisor Blacksburg, VA
American Express Financial Advisors Financial Advisor Centreville, VA
BB&T Commercial Lender Winston-Salem, NC
Bennett Plumbing Inc. Office Manager Alexandria, VA
Bottcher America Sales Representative Chicago, IL
Capital Management Group Investment Advisor Washington, DC
Chase Manhattan Loan Officer Assistant Annandale, VA
CIA Finance Officer Langley, VA
General Services Administration Financial Management Specialist Washington, DC
General Services Administration Financial Management Trainee Washington, DC
John Hancock Financial Services General Agent McLean, VA
Liberty Mutual Sales Associate Richmond, VA
Lockheed Martin Unknown Gaithersburg, MD
SunTrust Private Banking Associate Roanoke, VA
Virginia Asset Management Financial Advisor Norfolk, VA
Wachovia Securities Operations Specialist Richmond, VA