Fin401mainpage

Projecting Cash flows--the spreadsheet will be modified but here it is to start"

Sorry, I changed the file online but forgot to tell people...

here is the 401 projected financials:
http://www.financeprofessor.com/fin301/projectedfinancials.xls

Colleges spending more time teaching financial literacy | Dallas Morning News | News for Dallas, Texas | Pamela Yip | Personal Finance | Business Colu

The Finance Club is talking about doing this. Any interest?

Colleges spending more time teaching financial literacy | Dallas Morning News | News for Dallas, Texas | Pamela Yip | Personal Finance | Business Columnist | Dallas Morning News:

"'One of the things that we have found is that the population has very little background in basic economics and personal finance,' said Steven L. Cobb, center director and chairman of the economics department. 'The earlier that we start teaching economics, the earlier students begin to understand these concepts and the better the chance that they will be good consumers.'

Other schools are also active in offering personal finance courses."

Free Money Finance: A Better Way to Get the Salary You Want

Deciding whether or not to mention salary requirements is always a question interviewers have, so this advice from FreeMoney Finance is well worth reading!

Some good advice from Free Money Finance: A Better Way to Get the Salary You Want:

"I think this advice is not realistic. If an interviewer asks you point blank what your salary requirements are, you may be able to dodge him once or twice with a smooth, non-committal answer. But if he presses you (which I would do), you're either going to have to tell him or look uncooperative/obstinate -- which obviously doesn't put your best foot forward during the interview process.

So here's an alternative that I like from Yahoo -- price yourself like a house"

Read more about this...BEFORE you interview!

On and Off-Campus Recruiting

On and Off-Campus Recruiting:

"Register with The Career Center by opening a free, SBU College Central Network account and post a current résumé to it. The site is located at: www.collegecentral.com/sbu. For information on how to navigate College Central Network, click HERE.

** Attend an 'On-Campus Recruiting Orientation' in order to be eligible, if selected, to participate in an interview. You must attend an orientation before you sign up for an interview. Previous recruiting-orientation participants do not need to attend again. Please check with the Career Center to determine your eligibility."

MANY finance jobs are filled in the Fall....so now is the time to begin....Feel free to show me your resume as well. Far from an expert, but I will mark it up for you.

Meetings...

12:30 Friday BonaResponds leader meeting...looks great on a resume! and you know it is the right thing to do. Become a leader!

and then we can walk over to

1:00 Friday Finance club meeting:

There will be a Finance Club meeting this Friday at 1pm in the SIMM room, located in the basement of the R.C. Topics discussed, among other things, will be the annual New York City Trip and the Alumni Golf Tournament. The meeting is open to all students regardless of year or major. If you are unable to attend the meeting and would like information on the club or events please e-mail Mark Larry at larrymj@sbu.edu .

The Park Library - Bloomberg Terminal Guide

The Park Library - Bloomberg Terminal Guide-
Another Bloomberg certification site.

bloomberg+certification - Fast Answer Search - Baker Library | Bloomberg Center

bloomberg+certification - Fast Answer Search - Baker Library | Bloomberg Center:

"Why complete certification? Gain comprehensive knowledge of Bloomberg Professional service, optimize job performance, and differentiate yourself from peers."

College Job Market

From Business Week College Job Market:

"We talk to nervous college seniors who are about to enter the job force in a very uncertain economic environment. We'll provide advice on how to land that first job"

The Last-Minute Résumé Filler

The Last-Minute Résumé Filler:

"Nonprofits can't always afford to pay for an intern but are frequently looking for extra help. Volunteering over the summer, even for just 10 or 15 hours a week, can provide a résumé-worthy experience, says Diane Crist, director of the career development center at the University of St. Thomas' Opus College of Business in St. Paul, Minn. The experience may also allow the student to demonstrate some initiative and organizational savvy, qualities that will appeal to future employers, Crist notes."

Who Killed Montana Power?, Steve Kroft: Ex-Shareholders Feel Misled - CBS News

From class:

Who Killed Montana Power?, Steve Kroft: Ex-Shareholders Feel Misled - CBS News:

"Its demise may not be the biggest scandal of our time, but to its stockholders, it shows how greed and outright stupidity destroyed one of the oldest and proudest companies in America. Correspondent Steve Kroft reports."

Answer Key for MBA 610 Test 1--Hilbert version

I have zero idea what happened with the key, but it was so far off it was as if different test. So it will be regraded, but here is the key.

1. e
2. c
3. a
   
4. c
   
5. d
6. b
7. e
8. c
9. a
10. 10.b
11. d
12. e
13. d
14. d
15. c
16. a
17. b
    
18. e
19. c
20. 20. b
21. b
22. d
23. THROWN OUT
24. e
25. b
26. d
27. d
28. c
29. e
30. 30. e
31. d
32. a
33. a or b
34. c
35. d
36. c
37. e
38. c
39. e
40. 40. e
41. c
42. d
43. a
44. d
    
45. c
46. c
47. THROW OUT
48. d
49. a
50. 50. a
51. b
52. a
53. d
54. c
55. a
56. e
57. b
58. e
59. b
60. 60. d
61. c
62. a
63. b
64. c
65. c
66. c
67. a
68. throw out
69. c,e
70. 70. c
71. e
72. c
73. D or E
74. e
75. c
76. d
77. d
78. c
79. c
80. 80. b
81. c
82. c
83. b
84. c
85. c
86. c
87. b
88. e
89. b
90. 90. a
91. d
92. b
93. b
94. d
95. e
96. a
97. d
98. c
99. b
100. THROW OUT
     

The result of this is that the average went up by about 20 points out of the 300.

MBA 610 Hilbert tests

There was a problem with the key. Just looked over the report and not sure what happened, but am going over the test instead of using the key provided...Seems like the errors were all concentrated in questions that came from the text's test bank.

Will update as soon as possible.

402 cases for 4/21 and 4/23

4/21 Genzyme/Gel Tex (read Introduction to Debt policy and value)
4/23 Jet Blue IPO valuation (Read Structuring Corporate Finance

Looking for a job?

From Career Services:

Dresser Rand – Financial Management Acceleration Program (FMAP)
Majors – Accounting, Finance (must have 21 hours of accounting courses)
Degrees – Bachelors, Masters (May or December 2008)
GPA – minimum 3.0
Resumes due by Noon, April 18, to the Career Center

Additional information is available in your SBU College Central account (www.collegecentral.com/sbu). Please contact the Career Center, room 216 RC, if you have any questions.

History lesson

For much of the second part of 1968 and some of 1969 the NYSE changed its operations as part of a "Paperwork Crisis." Specifically, for the second part of 1968 the market closed on Wednesdays and for much of 1969 the market was closed early in order to get caught up on paper work.

You can read more about this from the NYSE itself.

The reason I am telling you this, is that I am going to declare my own paperwork crisis and give Finance 402 a reprieve on Wed. We will have class, but no case will be presented. You will still be responsible for readings and for coming.

We will be having a regular class.

finance cases

http://www.erisk.com/Learning/CaseStudies.asp

Student investment funds

Michael Price Student Investment Fund: "The Michael Price Student Investment Fund (MPSIF) is a family of funds managed directly by NYU Stern MBA students. The fund, part of the overall NYU endowment, was established in 1999 through a generous gift from Michael Price, managing partner, MFP Investors, LLC and former chairman of Franklin Mutual Series funds."

University of Maryland: Mary Lund Davis endowed Pacific Lutheran University the sum of $25,000 for the establishment of The Business School Student Investment Fund, now named the Mary Lund Davis Student Investment Fund (SIF). The primary purpose of this endowment is to provide a learning experience for students in investment portfolio management.

Texas: The student portfolio managers are selected through an application and interview process each November. Once selected, the new student managers begin training with the graduating student managers, and take over the Fund portfolio in March. The managers are responsible for virtually all activity with the Fund's portfolio, including company research, economic forecasting, risk management, pitching stock and bond ideas, working with the Fund's brokers to execute trades, and producing written reports and verbal presentations to the Fund's Advisory Committee.

Wednesday Career Fest

Heard from a past student today that he is definitely coming and looking to hire, so you are crazy not to go!
From the Career Center:

The Career Center will be hosting it’s annual, on-campus career fair, CareerFest ’08, this Wednesday, March 26. It will take place in Doyle Dining & Trustees’ rooms from noon to 2 p.m. and is open to students of ALL CLASS LEVELS and ALL MAJORS!

Students may stop in anytime and will be eligible to win prizes. Please encourage your students to attend!

Finance students, those just beginning their career as well as those with some experience, would benefit in many ways by attending and speaking with employer representatives.

While we highly recommend professional attire (business suit/business casual), we realize some students may not be able to “dress up” and they are also welcome. Representatives will be sharing information about career fields in general, internships, graduate schools, volunteer and part/full-time career opportunities. Currently, the following employers are looking for finance or related majors.

Corning Inc.
Lockheed Martin
Robert Half International (AccounTemps)
Manning & Napier
AXA Advisors
Pioneer Credit Recovery
JP Turner & Co./Clark Capital Partners
Prudential Financial

Additional information about the event, including a list of employer participants, is available online at http://www.sbu.edu/academic_resources.aspx?id=2926. Please feel free to contact me with any questions and THANK YOU for encouraging your students’ participation in this major event!

Finance 402 Cases

Cases:


3/10 Monday: Ben and Jerry
3/12 Wednesday: Fed Ex vs UPS

3/17 Krispy Kreme (Read the Financial Detective)
3/19 Padgett Paper (Kota Fibres not presented but is testable)

3/24 Server Vault &Best Practices-Not presented but it is testable--do we have class?
3/26 Nike (Coke vs. Pepsi not presented but it is testable)

3/31 Coke and Pepsi (read Boeing)
4/2 Compass Records (read Investment Detective)

4/7 Genzyme/Gel Tex (read Introduction to Debt policy and value)
4/9 Jet Blue IPO valuation (Read Structuring Corporate Finance policy)


Others will be announced ASAP

all are testable (so "read" or presentations)

Cheat Sheet for 610 test

The test will be largelt Multiple choice (given size of class really do not have much of an alternative). You are allowed a single page (front only) 8.5 by 11 cheat sheet. You can write as small as you want.