Saturday, April 22, 2017

On Friday, April 21, 2017, the AIM program hosted its annual spring trip to Chicago

Finance Students from Marquette Visited Chicago-area Financial Firms on Friday, April 21, 2017
Chicago, Illinois, USA
Dr. David Krause and the student officers of the Financial Management Association (FMA) organized the 2017 Marquette University FMA/AIM Chicago spring trip.

Over 40 Marquette sophomores, junior and senior finance majors traveled to Chicago on a sunny spring day. Following their crack-of-dawn departure from campus on Friday, they visited UBS, where they were hosted by Tom Digenan.

Tom Digenan of UBS
Upon arrival they learned about UBS and the firm’s various business units from Mr. Digenan (CFA, CPA), who is the Managing Director at UBS and the Head of US Intrinsic Value Equity. In this role, he is responsible for US equities portfolio construction and research. Tom is an alumnus of Marquette, who has recently taught Investments in Marquette’s Graduate School of Management.

Connor  Konicke pitched
Jordan Luczaj and Connor Konicke pitched two small cap stocks to the UBS analysts in attendance, as well as to their AIM peers. The stocks pitched were PGT Innovations, Inc. (ticker: PGTI) a domestic industrial firm and, Inc. (ticker: STMP) a domestic consumer discretionary e-commerce firm.
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The students next visited Capital One, which is a bank holding company specializing in credit cards, home loans, auto loans, banking and savings products. Capital One is the 8th largest US bank holding company when ranked by assets and deposits. While the company is best known for their credit card business, they also have a substantial commercial banking and securitization business – and are a leader in the rapidly growth world of data analytics and financial technology (fintech).

Dave Kucera of Capital One
Our host, Dave Kucera (a Marquette alumnus), gave the students an overview of the firm. He is the head of the financial institutions group - he has more than 25 years of investment and commercial banking experience advising owners and managers of financial assets, assisting in financing, raising capital and delivering customized solutions to clients in many countries. Before joining Capital One, he led the U.S. Securitization business for BMO Capital Markets, which he co-founded and helped build into a leading North American provider – providing more than $75 billion in funding for the lender finance markets.

During a working lunch two AIM students pitched stocks: William Reckamp presented Callon Petroleum Company (ticker: CPE) a domestic energy firm and Holly Kuffel pitched Albemarle Corporation (ticker: ALB) an international materials company.
Will Reckamp presented Callon Petroleum

The visit took an unexpected and exciting turn as the students were able to visit Capital One’s Digital Lab.  The firm has taken major steps in the past year to become a global leader in fintech. The students were treated to a visit to  the firm’s Google-like work environment within their Digital Lab.
Capital One's (fintech) Digital Labs
Following Capital One’s acquisitions of various personal financial technology companies - aimed at millennials - the firm has invested heavily in people, technology and in acquiring other innovative fintech companies. The Digital Lab was a robust internal innovation center totally connected with the world of fintech – which made a very positive impression on the AIM students.

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Conor Connelly
of Goldman Sachs
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The next visit was to Goldman Sachs where 2016 AIM alumnus, Conor Connelly, arranged for a lively series of discussions with other first year Goldman analysts in the areas of 
investment banking, credit, equity and prime brokerage. The AIM students had an opportunity to hear from professionals close in age to them – allowing for a free exchange of information and career planning thoughts. Discussions revolved around ‘a day in the life’ and work-life balance. It was a great way to cap off a busy day in the heart of Chicago.
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Texting about the AIM trip to Chicago
AIM students in Chicago
Dr. Krause said, “We had great visits at three different financial firms – and the students were exposed to a wide range of financial functions and working environments. I know the students enjoyed the visits and appreciated the efforts of our Chicago-based alumni. Learning about future career opportunities and seeing the changing face of the financial industry provided them with ideas about how they can fit into the new world of fintech.  It was again an excellent visit and a great way to explore the financial world.” 

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