Wells Fargo Interns Get Real-World Investment Banking Experience
Wells Fargo Summer 2013 Interns.
For the second summer in a row, Wells Fargo Securities and Futures and Options partnered to provide an exciting experience to New York City youth who may one day develop careers in the financial sector. Five high school juniors and seniors spent six weeks interning at different investment banking industry groups at Wells Fargo. Their responsibilities included participating in conference calls and strategy meetings and conducting background research for current deals. In addition to their work in the investment banking sector, interns attended weekly lunches with Wells Fargo executives as well as a series of career development workshops and, thanks to Futures and Options board member Courtney Leimkuhler, a trip to the New York Stock Exchange.
Michelle Martinez, who graduated in June from the Bronx Center for Science and Mathematics and will be a freshman at Dartmouth College reflected, “The best part of the internship program was having lunch with Wells Fargo managers and directors like Jon Weiss. In addition to giving me insight into what they do at their jobs, they gave me advice that I will take with me to college- to read the newspaper, go abroad and always be open to advice from others.”
Throughout their six weeks, the interns worked on a group project that they presented on the final day of the program. Together, they pitched a hypothetical acquisition and created a book of documents to support their suggestions. After considering financial data, synergies and possibilities for growth, the group presented on the potential for Yahoo to purchase Shutterstock, a microstock photography website. The interns detailed their proposal in front of an audience of Wells Fargo managers, associates and analysts, and spent some time after the presentation answering questions from their co-workers and supervisors.
Three interns who participated in last summer’s program were thrilled to return to Wells Fargo as college interns. Parth Patel, a rising sophomore at University of Michigan said, “This year’s internship was even more hands-on than last year’s. I learned so much about investment banking and capital markets, and now I can have real conversations about the industry using the correct terminology. This summer definitely solidified my interest in pursuing a career in investment banking.”
Futures and Options would like to extend a big thank you to Jon Weiss, Co-Head of Investment Banking at Wells Fargo Securities, Bill Ernest, Futures and Options Board Member and Director in the bank’s Financial Sponsors Group (FSG), Xavier Vanhoy, FSG Business Manager, Elizabeth DiChiaro, ECM Business Manager and Sun Kwon-Wishik, Industrials Business Manager, as well as all of the Wells Fargo mentors, who helped make the program such a success.
NYC Department of Education Partnerships Take Center Stage
Futures and Options intern Duron De Gale and supervisor Lancy Jiang at Grant Thorton.
Futures and Options provided its career development services to three NYC public high schools again this summer. Thanks to Department of Education funding for partnerships with Samuel Gompers Career and Technical Education High School in the Bronx, the School for Community Research and Learning (SCRL) in the Bronx and George Westinghouse Career and Technical Education High School in Brooklyn, Futures and Options designed and implemented unique career development programs for 50 teens.
This past spring, 16 Samuel Gompers sophomores, juniors and seniors were selected for Career Essentials, Futures and Options’ innovative program that enables students to develop their professional skills through work-readiness workshops and career exploration field trips. Seven graduates of Career Essentials were selected to participate in the summer Internship Program. Thanks to Futures and Options programs, Samuel Gompers students expanded their knowledge of the professional world and will apply the skills they acquired in school and a future career. The interns worked at NYC organizations such as Housing Works, the Citizens Committee for NYC and Running Subway. Zion Martin interned at BronxWorks, a nonprofit in the Bronx, and said that through his internship, “I’ve gotten a lot better at managing my time. I’m never late anymore because I know everyone is depending on me.”
The SCRL Internship Program, which began mid-spring and continued into the summer, provided seven juniors and seniors from SCRL with work experience at nonprofits and government agencies, such as Legal Momentum and the Center for Employment Opportunities. The interns’ career development workshops addressed a variety of topics including communication, workplace etiquette and team-building.
Finally, our partnership with George Westinghouse High School provided 27 rising seniors with internships in technical areas specific to the school's unique career and technical education programming. Westinghouse offers its students courses in the areas of Vision Care Technology, Electrical Applications, Cisco Networking, A+ Computer Repair, Multimedia Technology and the Culinary Arts. These students applied the skills they acquired in the classroom to workplace settings such as Cohen's Fashion Optical, Midtown Electric, Blackstone, Mediabrands and Compass Group.
Duron De Gale, a Multimedia intern who worked in the Marketing Department at Grant Thornton, was asked to discuss the most meaningful aspect of his internship experience. He responded, “I’d have to say it was learning how to function in a professional environment. Now I know what it’s like to be in an office and how to conduct myself, so when I graduate from college and start working I will be able to start on the right foot.” In the Internship Program students not only developed the transferrable skills necessary for success on the job, but they complimented their classroom experience with real world experience.
The 3rd Annual Opportunity Card is Here!
Support Futures and Options programs to provide more underserved NYC teens with work-readiness training and jobs, with a $50 tax-deductible donation and receive The Opportunity Card.
The Opportunity Card is your 10-day pass to saving 20% on your favorite brands. Save at more than 200 stores and restaurants every time you show the Card from October 25 to November 3, 2013.
Futures and Options Welcomes New Staff Members
Cori Zaccagnino joined Futures and Options in August 2013 as Finance and Operations Manager. She is a graduate of Marist College with a degree in Business and Accounting. After working in the corporate world for five years, Cori transitioned to the nonprofit sector. In 2009, she began pursuing her Master’s degree in International Development from New York University, which she received in May of 2012. Throughout her graduate program she traveled to Liberia to work at the Kofi Annan Institute for Conflict Transformation at the University of Liberia where she was involved in gender-based violence survey analysis, research, community trainings and program development. She led an assessment at the national and county level on Liberia’s Gender-Based Violence Taskforce system for the Ministry of Gender and Development. She has also volunteered as a consultant on business planning and development issues for start-up organizations pursuing social and economic development programs in Africa.
Cara Flynn joined the Futures and Options staff in July 2013 as Development Assistant. She graduated from Fordham University in May 2012 with a Bachelor's Degree in Sociology and a minor in History. Her interest in social justice and inequality issues led Cara to join the Jesuit Volunteer Corps (JVC) in Boston following graduation. As Cristo Rey Boston High School's Corporate Work Study Program Coordinator, Cara was responsible for daily operations of the Corporate Work Study Office including serving as an intermediary between corporate sponsors and student workers. Prior to her volunteer experience in Boston, Cara interned in the development offices of LearningSpring School, The New England Society in the City of New York and Fordham University. She has been involved with various New York City-based organizations and campaigns, including the American Cancer Society's Making Strides Against Breast Cancer of Central Park campaign and the Bronx organization, CitySquash.