May 10, 2012 Spring 2012, Issue 1

STATE OF FES History

FES, or the Finance &

Economics Society, started out as

2 separate entities in the 1930's at

a university called City College of

the University of New York. In

1976, the economics club merged

with the finance club, a fitting

combination given the growth in

Mergers and

Investment

Banking at the

time. We

don’t know

whether it was

a hostile

takeover or

not, but one

would imagine a young Gordon

Gekko (whose character is FROM

CITY COLLEGE) recommending

that "Blue Horseshoe LOVES

Economics Club." I'm being

facetious of course, but this is

how we came to be at the point

where we are. Our alumni have

gone on to great positions on Wall

Street, and

we often

invite them

to meet

ambitious,

smart and

hungry

students.

BARUCH FINANCE & ECONOMICS SOCIETY

PRESIDENT’S REMARKS

2012 EVENTS

Workshops - The Economy 101: Indicators

and Scenarios - The Economy 201: Outlook and

Forecasting - Recruiting 101:Networking and

Email Etiquette - Recruiting 201: The Do’s and

Don’t’s of the Recruiting Process - Investment Banking 101:

Description and Behavioral Interviews

- Sales & Trading 101: Asset Classes and Markets

- Networking Your Way To Success

- Investment Banking 201: Corporate Valuation

- Fields of Finance: Overview and Description

- Hedgefunds, Private Equity & Venture Capital

- Firms of Finance

Corporate Events - *Finance Career Speed

Networking - KnowYour Field: Credit Risk - Climbing the Corporate Ladder

Case Study

- IB Case Launch - *IB Case Study Presentations

Tours/Trips

- Bloomberg Headquarters Tour - Bloomberg Assessment Test - Junior Achievement NY

Volunteering - Princeton Trading Conference

“IN 1976, THE ECONOMICS

SOCIETY MERGED WITH THE

FINANCE SOCIETY, A FITTING

COMBINATION GIVEN THE

GROWTH OF … INVESTMENT

BANKING AT THE TIME.”

Baruch Finance & Economics Society

STATE OF FES What We Are Known For

We are known for improving

the qualifications of members

through mock interviews, resume

reviews, professional

development seminars, speaker

series, networking events,

newsletters, resources, financial

training boot camps, mentoring,

etc. Through the years, we have

had speakers talking about

diversity, government affairs,

economic trade policy, recruiting

opportunities and other topics

that were relevant at the time.

Most of our members have

gotten to know us more for our

weekly workshops than our

events. We started that just last

semester and now it is a great

staple of FES. We have also been

credited with getting many

members internship and job

opportunities through personal

diligence and advice, as well as the

referral of professional contacts in

the fields of their interest.

Members of our club have

gone on to working for some of

the most well-known firms;

including Credit Suisse, J.P.

Morgan, Bank of America,

Blackstone, Fortress Investment

Group, BMO, Citi, among others.

By providing numerous

opportunities for networking,

seminars on various topics,

corporate presentations as well as

case studies; FES gives students a

significant advantage during

corporate recruitment periods.

MEMORABLE EVENTS & ADS

1966 THE FINANCE SOCIETY WILL PRESENT

DR. CHARLES MULLER OF THE METROPOLITAN LIFE

INSURANCE CO. SPEAKING ON

THE OUTLOOK OF THE ECONOMY AS OF APRIL 28, 1966 THURSDAY, APRIL 28, 12:00, RM. 1010 ALL ARE WELCOME

1972 The Finance Society will present a

Feature Flick entitled "THE STOCK

MARKER" in room 1011, On Thursday,

March 9,1972, at 12 o'clock. A pleasant

time is guaranteed for all. The entire

student body is cordially invited to attend.

1964 The Finance Society will present

Mr. Lewis Weston of Goldman,

Sachs and Company who will

discuss job opportunities in the

Investment Banking field at 12:10 in 1010.

1952 James C. Hill, vice-chairman and public

member of the New York Regional Office of the

Wage Stabilization Beard, will be the guest

speaker at a meeting- of the Economics Society,

Thursday at 12:30 in 1014. Mr. Hill will address

the group on the topic, ''Are Wage Controls

Compatible With Collective Bargaining”. Dean

Norton will introduce Mr. Hill to the group.

During World War II, Mr. Hill was public

member of the San Francisco Regional Office of

the War Labor Board.

1972 The Finance Society i s pleased to present

Professor Zweig; of Baruch’s Finance

Department. He will discuss various

aspects of Stock market trading. If you are

interested in the Stock Market and willing

to profit from a little advice, you are

cordiallyr invited to attend this informative

meeting.

This meeting will be held on Thursday

March 23, at 12:00 noon in- room 1011.

Baruch Finance & Economics Society

STATE OF FES Recent History

I. Winter Break

A. Paintball in PA

We blew off some steam and

travelled to Pennsylvania to have

some paintballing fun! This was a

great bonding experience and, for

me, a very memorable day. ( Car

breakdown, Random Fall on Ice

and Shoulder Injury that I will

never forget) I think Jacob and

Quan are still thinking about their

great shooting records from the

day!

B. On-campus Recruiting Prep Day

We took a day out of our

schedule to prepare some

members for their interviews and

recruiting. We conduced resume

reviews, mock interviews and

went through important

information to begin the process

of working! Refined professional

students came out of that Boot

camp, and we will continue to

hold these for those that are

interested and have time to join

us.

**Look out for this in the

summer months- likely in August!

II. Spring 2012- The

Big Enchilada

The best way for me to go

through this semester is either in

chronological order or by sections.

Let me break it up logically and

you can more easily understand

how the semester went for

yourself!

A. Workshops

We started the

Beginner/Advanced workshop

series this semester. This broke up

our first few topics into "101 /

201". We did that for Investment

Banking, Economics and

Recruiting.

We went through tips on

recruiting, scenarios as well as

indicators of the economy and

INVESTMENT BANKING. IB is an

interesting area, because

everyone wants to do it but very

few know why or what it is. Nav

explained it best with the

following 2 pie charts:

Further workshops included

Firms of Finance, Fields of Finance,

Hedgefunds and Private Equity,

Sales & Trading 101 among others.

Thank you to the PD Team-

Shawn, Jenny, Shiv and our

contributing presenters Justin,

Edward and Nav for a job well

done!

We had food and a much larger

and more spacious room to better

suit the needs of our members!

B. Speed Networking

This was truly a group effort,

we ended up getting professionals

from all the fields of Finance:

Asset Management, Sales &

Trading, Risk, Investment Banking,

Baruch Finance & Economics Society

Controllers & Treasury. We got the

great Library Building Conference

Room 750.

Students were able to learn

about different fields, expand

their personal networks and

improve their communication

skills. Thank you to Nav and the

rest of the board for volunteering

their contacts, working with us to

plan and put together the event.

Also thank you for those that

contacted professionals and

helped me pick up food--> Justin!

C. IB Case Study

If you've spoken to me in the

last 2 weeks, chances are you've

heard me tell you about how

successful the IB Case Study was

and link you to the Ticker article.

Well, too bad I'm going to do it

again!

http://www.theticker.org/abou

t/2.8218/first-ever-investment-

banking-case-study-comes-to-

baruch-1.2734728

But regardless, it was really

great and it was a whole lot of

work to put together, work with

the teams and bring it prominence

throughout the student body.

Thank you to Nav and Edward for

all of your help throughout the

process, including contacting

Judges that were both professors

and professionals.

Students were able to get real-

life experience in putting together

reports for a Merger & Acquisition

and present it in front of real-life

professionals!

D. Mentorship Program

Our mentorship program

expanded further this semester.

The returning VP of Mentorship,

Justin Serioux, continued to

contact potential mentors and

market the program to mentees.

They also had weekly assignments;

which included interview

questions, article summaries, and

a trading simulation.

The event kicked off with a

mixer where our upperclassmen

mentors met with underclassmen

and described their vast internship

and work experiences and were

able to choose who they would

mentor throughout the semester.

Thank you to Ed, Justin,

Karishma, Nav and Fernando as

Baruch Finance & Economics Society

well as all the Mentors for helping

us out!

E. Newsletter

The Newsletter started off this

semester with a bang. We've had

13 issues throughout the school

year after just starting the

program. Thank you to our 5

contributors and former

contributors, outside contributors

and VP (Kimberly, Suhail, Ruchi,

Joseph, Kevin, Karishma, David, Di

Wu, Pavel F, Shawn I, Mark).

The FES Weekly Newsletter

created articles about the business

world from companies we all like

such as Netflix and Apple to the

European Debt Crisis and the

Economic Upturn. Many members

enjoyed reading it and felt that

they gained a better

understanding of the market as

well as the economy and business

environment from doing so.

F. Speaker Events

We had 2 speaker events this

semester. One was a Managing

Director from Credit Risk at Bank

of America- Merrill Lynch and the

other was a Global Head of Prime

Services at BMO Capital Markets.

Students learned a great deal

from these speakers and were

able to speak to them after their

presentations. This is in keeping

with our ages-old tradition of

having speakers explain their

careers and present on specific

topics.

Special thanks to everyone that

came out and to Edward, Justin,

Shawn and Nav for helping setup

and giving me ideas for great

questions to ask the speakers!

G. Special Mention

Our volunteering event took

place in a low-income

neighborhood within an

elementary school. FES volunteers

came in as a part of JANY and

helped the students learn about

how to start your own business

and gave practical life skills! Thank

you to Funlola for making it

happen and Jordan for referring us

to Junior Achievement.

Marketing Promotions went

great this semester. We were able

to get around 150 membership

applications and keep up

Baruch Finance & Economics Society

attendance at many events. Thank

you to Ann for the amazing flyers

as well as Allen and everyone who

posted flyers and told their friends

about our events!

Networking Your Way Into

Success was an event we held

where we used improvisational

techniques. Thank you to Jordan

and his actor friend!

Baruch Finance & Economics Society

STATE OF FES Plans for Next Year

Fall 2012 Board

Name Position

Edward Velasquez President

Justin Serioux Vice President

Karishma Ruparel Secretary

Jacob Kelman Treasurer

Fernando Lopez VP of Mentorship

Josuel Reynoso VP of Marketing

Shiv Adhlakha VP of Membership

Suhail Zalia VP of Publication

Nav Ghuman VP of External Relations

Jenny Yescher VP of Professional Development

Alona Bilokha Chair of Membership

Terence Thai Chair of Mentorship

Kevin Joseph Chair of Publication

Michael Kim Chair of Professional Development

Salihe Redzovic Chair of External Relations

Baruch Finance & Economics Society

After an amazing last year in FES, we are going into

the summer and fall and are going to be even BIGGER

and BETTER!

Our new Eboard, whom I am very confident in, will

listen to the constructive criticisms, suggestions and

ideas and improve the club.

Specific Initiatives that are in the works:

1. New workshops on different topics- they will be done by request of the majority of members!

2. Larger mentorship program, with differing assignments that build on a variety of skills

3. More social outings for members, corporate trips for the Baruch population

4. Newsletter with consistent sections( M&A, Politics, Economics, Opinion) , opportunities for members as well as different Eboard members to contribute articles

5. Setting up resume review and mock interview schedules and adding availabilities to answer recruiting questions and connect members to great networks.

6. Keeping a "running tally" of events for Members so that they are aware of their level of activity and know the amount they must improve by to stay active

7. Have monthly member-only speaker events with top executives in the field

8. Partner with administration, STARR, EOC, Zicklin and other clubs to make Baruch the primary destination of more large Financial firms

I would like to congratulate the new Board

members and thank all the Board members from this

semester. We all have worked hard to help others and

I believe strongly in the value of giving back and

continuing to improve personally!

Thank you to everyone for coming to events,

helping out and we hope you continue to be a part of

the Finance & Economics Society.

Regards,

--

Greg Dutov

President

www.BaruchFES.com

“Be Ambitious, Be Prepared, Be Humble”