Campus Recruiting Timeline f o r

F i n a n c e

S t u d e n t s

It is important to be aware of the hiring and recruiting cycles for your major in order to plan your internship and job search. This packet outlines events and activities associated with the typical recruiting timeline for finance majors. Keep in mind that this is an industry generalization; the Career Center continues to receive and post internships and jobs for all majors throughout the year.

Included in this packet: • Recruiting season timeline for autumn, winter, and spring quarters • Important events during the recruiting season • Offer acceptance guidelines

Meet with your Career Advisor to talk about: • Preparing

for the recruiting season • Creating or revising your resume or cover letter • Networking with employers and navigating job fairs • The importance of getting involved on campus • Using

internships to gain experience and get credit

Accounting and Finance Career Advisor: J a n e P r ic e 312-362-7493 [email protected] DPC 9500 To schedule an advising appointment, call the front desk at 312-362-8437

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Campus Recruiting Timeline i m p o r t a n t

h i g h l i g h t s

So, how does campus recruiting work? Campus recruiting events vary by quarter, but employer involvement on campus does take place year-round. Employers are on campus frequently offering students a variety of opportunities to get involved. Whether it’s an information session, office hours, or an event with a student organization, these are all opportunities to learn more about the organization and meet company representatives. If they do not meet you until your senior year when you are looking for a full-time position, they are going to ask “Where have you been for the past 4 years?” The important message is to be aware of the process and to get involved early. Even if you are not qualified for an internship or job at a certain time, you should always be networking with employers for future opportunities. The information provided is intended to help you prepare for the recruiting process and timeline that employers typically follow throughout the academic year. Remember that this is a general guideline for you to follow. There are always exceptions to the process so it is important to check DePaul.Experience frequently, stay involved with finance student organizations and campus recruiters for the most up-todate information on positions and companies you are pursuing.

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• Application deadlines for summer internships are typically in December or early January. Begin your search early by attending on-campus visits and career fairs, and network with finance professionals by conducting informational interviews and connecting with ASK mentors.

• Summer internships are usually for juniors, or students who have 1 summer remaining before their last year of school. Sophomores are also sometimes considered for summer internships.

t h i s :

• Many companies also offer year – round internship opportunities that are available to all students, not just juniors. If you are looking for an internship during the academic year, or to do multiple internships during your undergrad career, make sure you look at internship opportunities outside of summer programs. • Participation in on campus interviewing requires attending an orientation session. More information can be found here: http://careercenter.depaul.edu/jobs/oci.aspx

Positions hosting on campus interviews are indicated in DePaul.Experience by this icon:

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Campus Recruiting Timeline a u t u m n

q u a r t e r

The typical recruiting timeline for full time opportunities in finance, consulting and banking is September through the end of December. Some internship recruiting may occur during this time as well.

G eneral A cti v ities by M onth :

S e p t e m b e r Time Frame

Ac t i o n o r E v e n t

Early September

Companies post summer internship and full-time opportunities on DePaul.Experience with application deadlines of early– to mid–October. Remember to pay attention to whether or not the firm is interviewing on campus. If they are interviewing on campus, this will be indicated by the icon next to the posting and the date of the interviews will be listed in the posting. On-campus interview icon

Begin in September, ongoing throughout month

Companies host special events such as information sessions, company presentations, informal meet ’n greets, office hours, and site visits.. These events are sometimes hosted in conjunction with the finance student organizations like Student Finance Association (SFA) or Investment Banking Society or through professional business fraternities like Beta Alpha Psi or Alpha Kappa Psi. They can also be hosted through the Career Center, so check DePaul.Experience for event information.

September 16, 2013 DPC, 11th Floor, DePaul Club 4:00 — 5:00 pm

“How to Maximize Your Experience at Meet the Firms” workshop is part of our Employer Workshop Series and will be hosted by McGladrey LLP. Register on DePaul.Experience and attend to prepare for Meet the Firms.

September 18, 2013 Congress Plaza Hotel, 4:30 — 7:00 pm

Beta Alpha Psi hosts its annual “Meet the Firms” career fair for finance, accounting, and MIS students and alumni only. Participating employers are only recruiting for finance, accounting and MIS opportunities at this event. This event occurs very early in the quarter, so make sure you mark your calendar and prepare to attend. Make note of application deadlines and interview dates when you talk to employers at the career fair.

O c t o b e r Time Frame

Ac t i o n o r E v e n t

October 4, 2013, 11:00 — 3:00 pm LPC, Student Center, Room 120

Career Center hosts all-majors Fall Job & Internship Fair in the Student Center on the Lincoln Park Campus. It is important to attend Meet the Firms and this fair as not all employers attend both events. Make note of application deadlines and interview dates when you talk to employers at the career fair.

Early October, ongoing throughout month

On-campus interviews occur throughout the month. Review the on-campus interviewing (OCI) eligibility requirements and participate in the required online orientation session before your first interview: http://careercenter.depaul.edu/jobs/oci.aspx.

Late October, ongoing through early November

Companies host second round interviews or office visits. These usually occur at the office location and may also include a dinner or meet and greet session for candidates prior to second round interviews.

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a u t u m n

q u a r t e r

( C o n t i n u e d )

G eneral A cti v ities by M onth :

N o v e m b e r Time Frame

Ac t i o n o r E v e n t

Early November

Second round interviews and office visits continue throughout November. These usually occur at the office location and may also include a dinner or meet and greet session for candidates prior to second round interviews.

November, ongoing throughout month

Companies may extend offers for summer internships or full time positions after second round interviews.

Campus Recruiting Timeline W i n t e r

q u a r t e r

The typical recruiting timeline for internship opportunities in finance, consulting and banking is January through March/April. Depending on recruiting activity from the fall, there may also be more recruiting for full time opportunities during the winter.

G eneral A cti v ities by M onth :

D e c e m b e r — J a n u a r y Time Frame

January — February, ongoing

Ac t i o n o r E v e n t

Internship deadlines in finance with large companies are often during this period. Companies also post internship opportunities on DePaul.Experience with application deadlines of early– to mid–March. Remember to note whether or not the firm is interviewing on campus. If they are interviewing on campus, this will be indicated by the icon next to the posting and the date of the interviews will be listed in the posting. On-campus interview icon

January — February, ongoing

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Companies may host recruiting or networking events. These events are sometimes hosted in conjunction with the finance student organizations like Student Finance Association (SFA) or Investment Banking Society or through professional business fraternities like Beta Alpha Psi or Alpha Kappa Psi. They can also be hosted through the Career Center, so check DePaul.Experience for event information.

careercenter.depaul.edu

W i n t e r

q u a r t e r

F e b r u a r y Time Frame

( C o n t i n u e d )

Ac t i o n o r E v e n t

February 14, 2014, 11:00 — 3:00 pm LPC, Student Center, Room 120

Career Center hosts all-majors Winter Job & Internship Fair in the Student Center on the Lincoln Park Campus. Make note of application deadlines and interview dates when you talk to employers at the career fair.

February 25, 2014, 2:30 — 5:00 pm DPC, 8th Floor Conference Center

The Career Center will host annual networking event for finance majors. The event will include professionals from various career areas in finance who will share their career experiences and provide expert industry advice to students interested in careers in finance.

February, ongoing throughout month

On-campus interviews occur throughout the month. Review the on-campus interviewing (OCI) eligibility requirements and participate in the required online orientation session before your first interview: http://careercenter.depaul.edu/jobs/oci.aspx.

M a r c h

Time Frame

March, ongoing throughout month

Ac t i o n o r E v e n t Companies host second round interviews or office visits. These usually occur at the office location and may also include a dinner or meet and greet session for candidates prior to second round interviews.

Campus Recruiting Timeline S p r i n g

q u a r t e r

G eneral A cti v ities by M onth :

A p r i l

Time Frame

April, ongoing throughout month

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Ac t i o n o r E v e n t Companies may extend offers for internships or full time positions after second round interviews. Offer acceptance deadlines will vary, so talk with your recruiter about offer acceptance expectations when you receive an offer.

careercenter.depaul.edu

Offer Acceptance Guidelines: • Offer acceptance deadlines vary depending on the company so always check with your recruiter or company contact to determine the offer acceptance deadline.

• If your offer acceptance deadline feels rushed, ask the recruiter for more time or contact the Career Center for assistance in negotiating more time. Do not feel pressured to accept until you can make the best decision for you.

• If you need more time to decide on your offer, you could say, “Thank you for the offer, when do you need a decision by? I am currently interviewing with a few companies and I really want to make the best decision, but haven’t finished the process with everyone yet.”

• Offers can be extended to students either verbally or in writing. Students may accept offers either verbally or in writing. If you are at all unsure about the status of your offer or acceptance, check with your campus recruiter.

• Once you have accepted an offer, make sure you notify any other companies that you applied to or interviewed with that you are no longer in the job or internship search.

• It is never appropriate to accept more than one offer. If you are

Internships offer great experience and you can earn academic credit: • Internships are an excellent way to gain exposure to an industry or company and get valuable work experience. They can enrich your classroom learning experience by helping you realize the practical application of your coursework. Internship experience is highly valued by employers, and in some cases can lead to full-time employment after graduation.

• Through the Career Center’s University Internship Program (UIP), or your department specific internship course (FIN 393), you can earn academic credit and meet your Junior Year Experiential Learning Requirement* while you are interning!

• More information about University Internship Program is available here: http://careercenter.depaul.edu/jobs/ internships.aspx

• More information about FIN393 is available here: http://finance.depaul.edu/StudentResources/ NetworkingandCareers/index.asp

* The Junior Year Experiential Learning Requirement only applies to undergraduate students.

having difficulty deciding between offers or negotiating offer deadlines, contact your career advisor for assistance.

F i n a n c e

a t

a

G l a n c e …

The finance major is designed to enable all students to

University Internship Program (UIP) which assist students

acquire a basic understanding of the public and private

in finding opportunities at leading firms including Merrill

financial processes affecting all aspects of business,

Lynch, Salomon Smith Barney, William Blair, Charles

government and personal investments. It provides a

Schwab, Harris & Associates, Chicago Mercantile Exchange

strong foundation for students with career goals related

and Chicago Board Options Exchange. Many students

to corporate financial management, investment analysis

hold part-time jobs at investment firms, banks, research

and management, risk management, management

organizations, as well as at the Chicago Federal Reserve

consulting, banking, and other financial institution

Bank and the Chicago Board of Trade.

administration. Finance majors find practical experience through the Department’s internship program or the

S o m e

C a r e e r

O p t i o n s

Banking (Investment and Commercial)

Commercial

Investment

commercial, treasury, and

Run valuation analyses, perform complex financial

asset management services.

Provide the full range of

modeling, conduct industry and company research and analysis, develop client presentations, write internal and external marketing memoranda, and support client relationships and business development. Page 6 OF 8

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Consulting Perform database analysis, financial modeling, general

Private/Corporate Finance and Accounting

business analysis, research, and generate reports for the

Compile and analyze financial information for an

client or project team. In addition, consultants are actively

organization. Develop integrated revenue/expense analyses,

involved in the application and transfer of specific skills and

projections, reports, and presentations.

knowledge to the client.

Create and analyze monthly, quarterly, and annual reports and ensures financial information has been recorded accurately.

2012 Top Hiring Employees 1. JP Morgan Chase

2. The PrivateBank

3. The Claro Group

4. Bank of America

2012 Average Salary: $50,580

F i n a n c e

S a m p l e

J o b

D e s c r i p t i o n s

Commercial Banking Analyst Program with JP Morgan Chase Program Overview The program is designed to provide you with the foundation required for a successful career in Commercial

that helps them attain their goals and maximize our revenue. Additionally, you will learn how to identify cross sale opportunities, to coordinate the interaction of clients with product partners, and how to execute all “know your customer” and compliance requirements.

Banking. The objective is to prepare you to understand and

Training

identify credit risks so that you can act as a consultant to

Training includes an intensive 10-week program that will

our clients on making informed lending decisions. After

be based in Chicago. Here, you’ll be immersed in our

approximately two years following credit training and on

comprehensive training program in which you’ll learn about

the job learning, you will have the opportunity to remain

our products and services, clients, and business practices.

on a credit track, or pursue the relationship building

Under the leadership of Chase lending and training

aspect of the business and be placed on a banker track. You will become an active member of a specific banking or underwriting team working alongside experienced professionals, and contributing your knowledge, insight, and ideas to the team.

professionals and outside consultants, you will gain indepth knowledge of accounting, commercial banking, underwriting, financial statement analysis, cash flow analysis and credit structuring, among a host of other topics. The program uses a full range of teaching

On the credit track, you will learn how to appropriately

techniques and learning reinforcement, including lectures,

assess and manage the risk in your portfolio. You will be

team exercises, exams and case studies.

a partner to the bankers in the market, striving to balance

The program offers opportunities in one of the following

sales and credit quality goals. You will learn how to utilize excellent credit skills to author well thought out and concise analysis of relationships using appropriate structure and identifying key risks. On the banker track, you will learn how to grow, manage and retain profitable relationships, which is accomplished

four Commercial Banking businesses: Middle Market Banking, Government, Not-for-Profit, and Healthcare Banking, Business Credit, and Equipment Finance. • Middle Market Banking covers companies with annual revenues from $10 million to $500 million, offering cash management, credit, investment banking and wealth management.

by delivering value added solutions to our clients/prospects Page 7 OF 8

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• Government, Not-For-Profit, and Healthcare (GNPH) Banking focuses on commercial lending for Government, Not for Profit and Healthcare entities generally with annual budgets greater than $25 million.

• Business Credit is a leading national provider of highly structured asset based financing for an array of leveraged financing needs.

• Equipment Finance meets the needs of corporate and commercial clients, state and local governments, and notfor-profit organizations, financing a variety of equipment types, each structured to meet the client’s tax, accounting and financial objectives.

Transaction Advisory Services Real Estate Staff with EY

Financial Professional Development Program with Abbot Laboratories Abbott’s Financial Professional Development Program (FPDP) prepares college graduates with majors in accounting and finance for financial management roles. The goal of the program is to identify and develop Abbott’s future financial leaders. Ideal candidates will combine technical and business knowledge with analytical strength and creative problem solving abilities. Each FPDP member spends two years in the program, during which time you can expect to complete approximately four or five separate professional work

As part of the EY LLP Transaction Real Estate staff, you will

assignments within roles such as:

serve as a member of multiple client engagement teams

• Financial Analysis

which primarily assist in real estate advisory engagements

• Budgeting & Forecasting

in a fast-paced service-oriented business environment. You

• Reporting & Controls

will work with a wide variety of real estate clients including owners, developers, builders, financial institutions, lenders, pension funds, as well as numerous Fortune 500 companies. Typical engagements include market studies, financial analysis, due diligence, appraisal and valuation, strategic planning, property performance enhancement, portfolio analysis and cash flow modeling. Staff could also assist the firm’s audit clients with real estate valuationrelated matters (i.e. fair value, impairment and other accounting pronouncements affecting the valuation of real estate assets). Responsibilities include collection of market information, analysis of real estate documents including appraisals and lending documents, performing market studies, cash flow modeling and report writing.

The rotations are carried out in a variety of work environments such as: corporate and division headquarters, manufacturing plants and other operating environments. A senior financial leader is assigned to each FPDP to mentor and advise you while on the program. Assignments are located in (Each FPDP should expect that most likely each program member would do two non-Lake County/Abbott Park, IL assignments): • Abbott Park or Lake County, IL (approximately 50% of the rotations)

• Other Select Domestic locations (approximately 25% of the rotations)

• Princeton, NJ • International locations (approximately 25% of the rotations)

• Puerto Rico • Germany

• Columbus, OH

• UK

• San Francisco Bay area

• Netherlands

• Worcester, MA

• Singapore

Stay Connected For the most up-to-date event information, visit depaul.experience.com

facebook.com/DePaulCareerCenter

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