Summary of the Financial Management Association’s 2016 Trip to NYC
Salisbury University’s Financial Management Association (FMA) were able to participate in their annual trip to New York City thanks in part to the generous donations of SU finance alumni. The group of twenty-nine students departed Perdue Hall for New York City (NYC) at 5:00 PM on Wednesday, March 30, 2016 and returned to Perdue Hall on Saturday, April 2, at 5:30 PM. Dr. Ani Mathers and Dr. Dan Ervin accompanied the students on the trip.
On Thursday morning, we walked from the Hilton Midtown to 1211 Avenue of the Americas to visit SU class of ’96 alum Mr. Joseph (Joe) Dorrego, CFO of Fox Television. Joe was kind enough to arrange a tour of the Fox News studios, giving us a behind-the-scenes look at the production of a major news network. The tour was followed by a presentation about Fox Television and a discussion about the television business model and changes in the industry. Students also heard first-hand about Joe’s career path from SU to CFO of a major company.
On Thursday afternoon, after our visit to Fox Television, we took the subway to the financial district where we visited the Charging Bull sculpture located at Bowling Green Park and had lunch. We regrouped at 3 PM for a tour of the New York Stock Exchange (NYSE). James Byrne escorted us onto the trading floor, where we were also met by SU class of ‘07 alum Ms. Jessica Froats. The students met with a designated market maker who explained his role on the trading floor. At 4 PM, we were there for the closing bell on the NYSE. Afterwards, we dispersed; some students went to the Freedom Tower, while others headed back to the hotel.
On Friday morning, we walked to 1285 Avenue of the Americas to UBS Wealth Management. We were greeted by Ms. Jaclyn Bellino and escorted to a conference room where we began with a presentation by Mr. Anthony Pastore, Executive Director of WMA On-Air. As we learned, WMA On-Air provides a radio program for advisors throughout the country. Next, UBS arranged a panel of three young employees in the wealth management graduate training program. They explained the benefits of the rotational program and also discussed the transition from college to professional life. After the presentation, we broke for lunch.
On Friday afternoon, we walked to J.P. Morgan at 270 Park Avenue to visit SU class of ’88 alum Mr. Ronald (Ron) McGann, Vice Chairman, J.P. Morgan Private Bank. We were treated to three different sessions, each with a panel of JP Morgan employees. The first panel consisted of three recent graduates who are employed in analyst roles, the second panel was with three associates who were all further along in their career path, and the final panel included two more senior colleagues. Each session was intended to give students an idea of how a career at JP Morgan progresses. They spoke about their jobs, the importance of networking, and the transitions in responsibilities over time. During and at the end of the meeting, Ron gave the students advice on job seeking, networking, goal setting, and other important topics. There was a lively question and answer session with each panel and students got the opportunity to network with the analysts and Ron at the conclusion of the meeting. At the end of the day, students were allowed to explore the city and find dinner options on their own. We departed as a group on Saturday morning.
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