CFEM Alumni Journal (Public) · MI LES TONES CFEM Alumni have gone on to successful careers on Wall...
Transcript of CFEM Alumni Journal (Public) · MI LES TONES CFEM Alumni have gone on to successful careers on Wall...
C F E M A L U M N I
THEN AND NOW: LOOKING BACK TO
MOVE FORWARD
2 0 0 8 - 2 0 1 8
The History of CFEM at Cornell
ithaca
new york cityyork
P u t n a m I n v e s t m e n t s S I G S a u e r
C b o e G l o b a l M a r k e t s K G S - A l p h a C a p i t a l M a r k e t s W e s t e r n A s s e t M a n a g e m e n t
M o o d y ' s B N Y M e l l o n
A i r b n b
PROFESSIONAL MILESTONES CFEM Alumni have gone on to
successful careers on Wall Street and beyond. Here is a sampling of
the many companies, divisions, and current roles represented by
our former students.
CITI MORGAN STANLEY
JP MORGAN
GOLDMAN SACHS
BLACKROCK
BNP PARIBAS
BANK OF AMERICA
BARCLAYS
AMERICAN EXPRESS
NOMURA
UBS
INVESCO
AQR
P r u d e n t i a l F i n a n c i a l P o i n t 7 2 A s s e t M a n a g e m e n t
F I N R A M i l l e n i u m M a n a g e m e n t
I T G X T F
X R T r a d i n g O r i e n t S e c u r i t i e s
M a n N u m e r i c K P M G U S
K A U S T I n v e s t m e n t F o s u n C a p i t a l
D i m e n s i o n a l F u n d A d v i s o r s C I C C
C a p g e m i n i B a n k o f T o k y o - M i t s u b i s h i
B a n k o f C h i n a A n a l y t i c a l R e s e a r c h
A m a z o n B l u e f i n T r a d i n g A m a z o n L a b 1 2 6 T w o S i g m a
M i c r o s o f t G S A M W e l l i n g t o n C a p i t a l C h a r l e s R i v e r D e v e l o p m e n t
M a n a g e m e n t M S C I I n c .
E F u n d M a n a g e m e n t C o . G u g g e n h e i m P a r t n e r s
Z h o n g D a F u t u r e s A r g u s I n f o r m a t i o n &
A d v i s o r y S e r v i c e s , L L C X R T r a d i n g
A f l a c
new york city
ERNST & YOUNG O p t i v e r S t a t e S t r e e t C o r p . S c h o n f e l d S t r a t e g i c A d v i s o r s P N C B a n k ALLIANCE BERNSTEIN T h e R o y a l B a n k o f S c o t l a n d R e s i d e n t i a l C a p i t a l
T r a d i n g T e c h n o l o g i e s PWC T i t a n S o n g L L C M a n a g e m e n t
R e p u t a t i o n I n s t i t u t e R . G . N i e d e r h o f f e r
C a p i t a l M a n a g e m e n t Q u a n t i n e n t a l C a p i t a l
T I A ARBC CAPITAL MARKETS T F S C a p i t a l S y m b i o n t MIZUHO C a p i t a l P u l s e P o i n t
L i m i t e d P S I C a p i t a l A s i a P r e t i u m P a r t n e r s
A d v i s o r s P r e m i u m P o i n t L L P O z M a n a g e m e n t
S t e l l a r S S T A N D MERRILL LYNCH S m a r k e t s
S i m i n a C a p i t a l CAPITAL ONE S i l v e r l a k e
FANNIE MAE
CREDIT SUISSE
CITADEL
HAITONG SECURITIES
SOCIETE GENERALE
BLOOMBERG
DELOITTE
DEUTSCHE BANK
CITIC SECURITIES
GUARDIAN
BRIDGEWATER
MCKINSEY & CO.
S e a t t l e N o r t h w e s t A s s e t M a n a g e m e n t
I M C F i n a n c i a l M a r k e t s S c o t i a C a p i t a l
S a m s u n g F i n a n c e S a k e r I n v e s t
S a i n t K n i g h t s F u n d R o s s c o m m o n
I m a g i n e S o f t w a r e , I n c . R o c k e f e l l e r U n i v e r s i t y
O p e n h o u s e T u t o r a t o r K r u n g T h a i B a n k P u b l i c C o .
ithacaK r o l l B o n d R a t i n g A g e n c y
I n t e r c o n t i n e n t a l E x c h a n g e I n s t i n e t I n c o r p o r a t e d
H a r v e s t F u n d M a n a g e m e n t G e r a l d G r o u p
H a r t r e e P a r t n e r s , L P H a n s s e m
F i r s t P r i n c i p l e s C a p i t a l M a n a g e m e n t
E n s o F i n a n c i a l M a n a g e m e n t D u o l i n g o
D R W
O r g a n i c O r a c l e
O l d M i s s i o n C a p i t a l N Y S E
N o b l e A m e r i c a s N e w c a s t l e U n i v e r s i t y
N e w Y o r k L i f e I n s u r a n c e M o r g a n , E v a n & C o .
M o n d e l e z I n t e r n a t i o n a l U S A A
M E A G N e w Y o r k C o r p . M a n a s A r t C e n t e r
L i n k e d I n L i n c o l n I n t e r n a t i o n a l
L i b e r t y M u t u a l L e n d i n g C l u b F i t c h R a t i n g s T r e z C a p i t a l
D I A D a v i d s o n K e m p n e r
I n t e r a c t i v e D a t a B r e v a n H o w a r d U S
I n v e s t m e n t M a n a g e m e n t
What Our Alumni Do
staff
students
faculty
Career Changes "I am currently working in Marketing Analytics and Data Science. Corporate Derivative Sales was not the long-term occupation for me (particularly the sales portion of it). I decided to look outside finance where I could apply my knowledge of data analytics." -Wing-Ho Choi (Class of 2011)
"I'm still with the same employer for whom I interned while at Cornell." -Benjamin Pickett (Class of 2014)
"I'm working in the energy sector in commodity-structured transactions valuation and execution." -Sushant Nigam (Class of 2008)
"I am a Brand Manager for a consumer packaged foods company. I decided to pursue an MBA in Marketing after working in Sales & Trading post-Cornell." -Kyung Park (Class of 2008)
"I'm currently working at LinkedIn as a senior data scientist. My past quant research experience in the financial industry and the technical training I got from CFEM helped tremendously to get my foot in the door [of the tech industry]." -Luxin Kang (Class of 2012)
"I am using quant knowledge to govern different aspects in Model Risk, including restrictions and model anomalies." -Yudong Yang (Class of 2017)
Career Changes (cont.) "I am going back to school to get a PhD in Operations Research at UT Austin. It's something I have been meaning to do since CFEM, and I am looking forward to doing math and working on optimization problems again. -Remy Pasco (Class of 2012)
"I'm currently pursuing the data analytics field." -Zhunyou Hua (Class of 2014)
"I build large scale models at Amazon to make reviews more informative. I found limited opportunities to build models in growing a business in the financial domain, but there exists a lot of opportunity to do so in technology.
FE at Cornell was very helpful in developing a strong, conceptual foundation. CFEM is uniquely positioned in NYC to provide an industrial exposure to learning. It can further add value by identifying such interests at the beginning and connecting with relevant alumni who can mentor students." -Kunal Rajani (Class of 2012)
"I am thinking about switching to startup/venture capital/blockchain companies." -Xiaoyun Guo (Class of 2015)
Quant Finance: From Black Scholes to Big Data
"The Financial Data Science semester was great. The coursework was just the right amount, such that I learned useful techniques and models
in data science." Shaojie He (Class of 2016)
Career Changes (cont.) "I decided to set up a consulting business with some other co-founders, having
known a few people in the area of sustainability. To be able to come up with business strategies that are both profitable and socially responsible
is also the ultimate fulfillment of my career." -Ratchat Rangpholsamrit (Class of 2008)
"As a data engineer, I'm part of a small team that processes 200TB of data per day. My first job after CFEM was as a junior quant, and I felt that
programming was my favorite part." -Henry Zhang (Class of 2009)
"I transitioned to the Investment Banking side from Sales & Trading awhile ago. Very different environment, but my training at Cornell
has been helpful in many ways." -Sung Jun Choi (Class of 2012)
great great
P L A Y H A R D W I T H C F E M
Advice for My Younger Self Be more prepared for quantitative interview questions, especially the summer before the
first year in Ithaca
Enjoy the time and make good friends in Cornell
I wish I could have studied harder and played harder because today I find myself not finding
enough time to do either
Read the interview book, and take a summer programming course in Python or C++
Get a few years of experience in a technical role within finance
Do as much research as possible on career options / fields before you join
It's better to make mistakes upfront than later in your career decisions
Start trading with your own money as early and as seriously as
possible
Take as many internships as you can
Read nonfiction books about derivative products and backtest more strategies
Grades are important, but after a few years, they won't matter. Focus on learning
Advice for My Younger Self I would have spent my 1st and 2nd years with much clearer goals. Ithaca was a fantastic place to discuss cutting-edge problems in
both academia and industry with classmates and professors
Take more machine learning and coding I was afraid to network because I thought courses. Take as many CS and stats I wasn't ready, but the fact is that you'll
courses as possible! never be ready before you start
Change my rear-wheel-drive car to Don't get frightened by those so-called "big names"
four-wheel-drive [for Ithaca] Network,
Know your strengths and network,
interests to leverage the network!
CFEM program Connect with more alumni
Don't be afraid of failures. Hold onto notes/slides/textbooks! I Fail fast and learn from it! lost them all and regret it
Learn more coding. Stay Skip stochastic calculus / up-to-date on industry take the bond math
trends course
Take some other courses beyond the program requirements, making
the most of Cornell's resources
Skiing
Piano
Cooking
Pottery
Photography
CFEM HOBBIES What Our Alumni Do For Fun!
Basketball
Gardening Karaoke
C F E M H O B B I E S
Running, surfing, and poker. Now with a 2-year-old daughter, I can add Disneyland to this list. - MIchael Gately '15
Pianist in Residence and Advisory Board Member of the New
York Piano Society - Yiran Wang '11
Reading books! I finish at least one book every two weeks. -Shabai Chen '16
I serve on the Board of the nonprofit South Bronx United -Pranav Sawjiany '09
As I am getting older, my focus has been shifted towards
spending quality time with my loved ones. Hence, my hobbies
may not always be activities, but more about making sure that the purpose of life has always been sharpened, and
relationships with loved ones are optimized. - Ratchat Rangpholsamrit '08
Learning foreign languages
T e n n i s
LEGO Driving
Long D Craft beer
L Badm a i R enthusiast
s a S ti u t B Si F qu O n d n o o ng ng n p n o a h
x in c e a i in d s i e n t r n on ie a g g ce
i g ing s Yoga
Scuba Diving l n ar
and k ng a
up c k it r ve
n e Sto n Hi
ne T sti St rt
e ti g
ing gu ies n a a
Cryptocurrenc a T s l m l t i g e v y in M n la ca i
b ockcha S W e I P i
ass V
u l a l l c
Play PC
games Anime
Baking
Snowboarding
Billiards
Playing
with the
dog
Cycle polo
Camping
Fly fishing
Watching movies
K -P o p D a n c e
Video Games
ProgrammingBarbecuing
Golf
A C a p p e ll a projects
C F E M H O B B I E S
l ad
usic
W O M E N O F
C F E M
From 55 Broad Street to CFEM's new home at Cornell Tech
Professional Development
The Resume Drop is one of my favorite parts of our career development. It provides us with lots of great opportunities with a
relatively high rate of getting an interview. Maria Tao, CFEM 2017 (Putnam Investments, Boston)
I am glad I chose Cornell MFE because people here actually care about you and your future career path.
Leo Bao, CFEM 2017 (Bank of America, NY)
The MFE degree at Cornell has an exceptionally strong curriculum that prepared me for a variety of career paths within finance. It has exposed me to professors, students, and industry professionals that have been crucial
to my success. Nicholas Wilk, CFEM 2017
(Dimensional Fund Advisors, Charlotte)
CFEM Graduation
CFEM's International Network NEW YORK CITY
BOSTON
SAN FRANCISCO/BAY AREA
VANCOUVER
MEXICO CITY
CONNECTICUT
NEW JERSEY
CHICAGO
PHILADELPHIA
PITTSBURGH
AUSTIN
SOUTHERN CALIFORNIA
ATLANTA
LONDON HONG KONG
SINGAPORE
BEIJING
SHENZHEN
BANGKOK
KUALA LUMPUR
SHANGHAI
WASHINGTON, D.C.
SEATTLE
ITHACA Where will you take us next?
M E N T O R S H I P
I N T E R V I E W O P P O R T U N I T I E S
F R I E N D S H I P S
W H A T M A K E S U S C F E M ?
T H E E X C E L L E N T C A R E E R S E R V I C E A N D A
R E A L L Y G R E A T D I R E C T O R . Y I Q I A O W A N G ' 1 ð
I M A D E F R I E N D S A N D G O T T O K N O W O T H E R
P E O P L E W I T H T H E S A M E B A C K G R O U N D A N D
C A R E E R I N T E R E S T S A S M E . M O S T
I M P O R T A N T L Y , I T I S I N C F E M T H A T I M E T
M Y W I F E , L U N A . K A I F E N G ' 1 ð
A L L T H R E E O F M Y P O S I T I O N S , I N C L U D I N G T H E
F I R S T F U L L - T I M E J O B , W E R E T H R O U G H
N E T W O R K I N G . R U O C H E N A I ' 1 4
I M A R R I E D Z O E W A N G , W H O M I M E T I N
T H E P R O G R A M ! J O S E P H L I ' 1 4
ò
ò
P R O J E C T E X P E R I E N C E
A C A D E M I C R I G O R
W O R K -L I F E B A L A N C E
W H A T M A K E S U S C F E M ?
T H E E X P E R I E N C E O F W O R K I N G O N R E A L - L I F E
P R O B L E M S I N C F E M P R O J E C T S . B R Y A N T A M ' 1
[ A T M Y C U R R E N T J O B ] T H E W O R K - L I F E
B A L A N C E I S F A R B E T T E R T H A N B A S I C A L L Y
E V E R Y B A N K I N G O R T R A D I N G J O B O N T H E
S T R E E T . W I L L I A M L E N T Z ' 1
I T ' S A N E X T R E M E L Y R I G O R O U S P R O G R A M T H A T
T A U G H T M E A V A R I E T Y O F P R A C T I C A L S K I L L S .
P R O F E S S O R S A V E R B U K H A N D C A G G I A N O G O
A B O V E A N D B E Y O N D I N T E R M S O F H O W M U C H
T H E Y C A R E A B O U T T H E S T U D E N T S , T H E I R
L E A R N I N G , A N D J O B P L A C E M E N T .
D E V A S H I S H K U M A R ' 1 0
ò
C O M M U N I C A T I O N S K I L L S
S E N S E O F C O M M U N I T Y
C O R N E L L A L U M N I S T A T U S
W H A T M A K E S U S C F E M ?
A G O O D N E T W O R K A N D S T R O N G
R E L A T I O N S H I P S W I T H M Y C L A S S M A T E S .
T H E Y W I L L A L W A Y S O F F E R H E L P W H E N I ' M
I N N E E D . N A N Q I U ' 1
A S A F O R E I G N E R W I T H N O R E L A T I V E S H E R E ,
H A V I N G F R I E N D S W H O L I V E I N T H E S A M E C I T Y
A N D S H A R E S I M I L A R I N T E R E S T S W A S T H E B E S T
T H I N G F O R M E . X I A O C H E N G C H E N ' 1 4
B U S I N E S S C O M E S D O W N T O C O M M U N I C A T I N G
Y O U R I D E A S A N D W O R K I N G W I T H
C O L L E A G U E S F R O M D I F F E R E N T
B A C K G R O U N D S . S E O N G L E O L S I M ' 1 2
Thank you to all CFEM Alumni for staying in touch!
"CFEM's greatest strength lies in its people. "Dr. Shane Henderson, Director of ORIE
Director of CFEM
Professor of Practice Victoria Averbukh
Senior Research Associate
Dr. Sasha Stoikov
Associate Director of Career Development
Elizabeth Drummond
CFEM Assistant & Events Coordinator
Roselle Bajet