Haas NewsWire

Haas NewsWire, November 17, 2003


MFE Students Land Plum Internships During Winter Term
Get into the Season's Spirit, Haas Holiday Party, Dec. 12
Haas Gear Makes the Perfect Holiday Gift -- Order Now
Faculty News
Haas in the News
Happening at Haas

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More than 93% of the students in the Haas School's Master's in Financial Engineering (MFE) class of 2004 are spending the next two months at some of the world's leading finance firms as part of the MFE Internship Program, a unique practical component of the year-long degree program.

The internship program, which matches MFE students to firms with challenging projects in quantitative finance, lasts 10 to 12 weeks over the winter break in the MFE program from mid-October to mid-January. Placed in firms on both coasts, the MFE students are finding that their internships are a great way to get hands-on experience before they graduate in March 2004, according to Linda Kreitzman, director of the MFE program. Kreitzman oversees the placement process and works diligently to help MFE students and financial firms make the right match.

Two MFE students, Laura Goldberg and John Sulski, took internships at BayStar Capital Management, in Larkspur. "We couldn't be more pleased with both Laura and John," reports Steven R. Lamar, chief operating officer at BayStar Capital Management, "They are both making significant contributions to our business."

This year, MFE students were hired into internships with Barclays Global Investors, Citigroup Global Markets, Commerzbank, Credit Suisse Asset Management, Gifford Fong Associates, Goldman Sachs, Lehman Brothers, and Merrill Lynch, among other firms. The average monthly salary is $5,000. For some firms these internships present a first look at next year's Haas MFE graduates. For the students, working intensively on real-world projects helps to hone their skills.

"The internship program allows the students to acquire relevant practical experience prior to entering the job market, and to demonstrate the skills they have acquired during the program," says Kreitzman. "After completing 75% of the coursework, our students are ready to make an immediate impact on the firms in the areas of valuation, pricing, trading, risk management, project evaluation, and portfolio management decisions."

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All faculty and staff members are invited to the Haas School's annual holiday party on Friday, December 12, from 3:00 to 5:00 p.m. in the Bank of America Forum.

The organizing committee is still working on the details of the event but so far it is considering games and contests to accompany the live entertainment and delicious food. There will be a Toys-for-Tots bin, so please bring a new, unwrapped toy to donate to this program for children in need.

Watch the Haas NewsWire for more details closer to the event. In the meantime, for more information contact Susie Hanna at hanna@haas.berkeley.edu.

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Looking for the perfect holiday gift to share your Haas School pride with family and friends? Stop by the Haas Gear store to check out the large selection of Haas School apparel, mugs, stickers, and more.

The store also carries the Haas holiday card, first offered last year, which features an illustration of the Haas School. The store will soon have a second holiday card and note card featuring a water color of the Campanile.

To shop in person before the winter break, come by the store at S545 in the Student Services Building between 10:00 a.m. and 4:00 p.m. before Friday, December 19. If you can't make it to campus to visit the store, the Haas Gear web site (http://store.yahoo.com/haas-store/index.html) is a great alternative. The Haas Gear site is the best place online to get Haas clothing, glassware, posters, and more. For guaranteed Christmas delivery, online orders need to be made by December 8.

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Terry Pearce to Receive Communication and Leadership Award from Toastmasters International

Toastmasters International District 4, which includes more than 180 Clubs in the San Francisco peninsula region down to Monterey and Salinas, presented their Fall 2003 Communication and Leadership Award to Haas lecturer Terry Pearce at their fall conference on November 15. The award is given to a non-Toastmaster or former Toastmaster for outstanding service to the community through the skills of communication and leadership that Toastmasters promotes.

In announcing the award Toastmasters mentioned Pearce's books, Leading Out Loud and Clicks and Mortar: Passion-Driven Growth in an Internet-Driven World, along with his service on the boards of the National Endowment for Financial Education and The Pottruck Family Foundation.

Dean Campbell Speaks at Events in the Bay Area

Dean Tom Campbell has been making select appearances in the bay area:

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Dean Tom Campbell was quoted in ChannelNewAsia.com on November 13 in an article titled "Terminator Faces Battle of a Lifetime as He Takes Power in California." Campbell commented on Schwarzenegger's plans for California's budget crisis. For full text: http://www.channelnewsasia.com/cgi-bin/search/search_7days.pl?

Ashok Deo Bardhan and Cynthia Kroll's study on outsourcing was mentioned in the New Zealand Herald on November 13 in an article titled "EDS Snaps Up More Overseas Work."

Ashok Deo Bardhan and Cynthia Kroll's study on outsourcing was mentioned in the Berkeleyan on November 12 in an article titled "U.S. Loses Thousands of Jobs Monthly: Researchers Show How 'New Wave' of Outsourcing Benefits Foreign Countries." For full text: http://www.berkeley.edu/news/berkeleyan/2003/11/12_.shtml

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor, was mentioned in the Investor's Business Daily on November 12 in an article titled "Advisors Talk Shop at Schwab."

The Haas School of Business was featured in Forbes Magazine on November 10 in an article titled "No Shortcuts" about the KIPP school program. KIPP teachers receive a portion of their training at the Haas School in preparation for launching schools in communities across the US.

Andrew Rose, the Bernard T. Rocca Jr. Professor of International Trade, was featured in The Business on November 9 in an article titled "The European Single Currency has Failed, Contrary to Expectations, to Boost Trade Between Euro Zone." Rose commented on the rate of currency unions between member countries.

Raymond Miles, professor emeritus and former dean, was quoted in the Contra Costa Times on November 9 in an article titled "Schwarzenegger's First Job: To Listen." For full text: http://www.bayarea.com/mld/cctimes/business/7220451.htm.

Severin Borenstein, E.T. Grether Professor in Public Policy and Business Administration, was quoted in the Oakland Tribune on November 9 in an article titled "Crude Awakening: State Heading for Gasoline Shortfall, Higher Prices." For full text: http://www.oaklandtribune.com/Stories/

David Levine, professor in the Economic Analysis and Policy Group, was quoted in the Contra Costa Times on November 8 in an article titled "Economy Recovering; Jobs Grow." Levine commented on tax cuts and economic deficits. For full text: http://www.bayarea.com/mld/cctimes/content_syndication/local_news/7213383.htm.

Terrance Odean, associate professor in the Finance Group, was mentioned in The Sydney Morning Herald on November 8 in an article titled "Some Handy Hints to Make the Most of Your Stocks."

Abby Scott, director of MBA Career Services, was quoted in the San Francisco Chronicle on November 8 in an article titled "Happier Note on Jobs: Employers Change Their Tune, Take in More Workers in October." Scott commented on the increase in on-campus recruiting. For full text: http://www.sfgate.com/cgi-bin/article.cgi?

Hal Varian, professor in the Operations and Information Technology Management Group, was mentioned in ConnectIT e-news Daily on November 4 in an article titled "Where is Your Data Headed?" For full text: http://www.integratedmar.com/connectit/ConnectITprinter.cfm?item=19.

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Alumni Events

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The Haas NewsWire is the electronic news weekly for the Haas community published every Monday by the Marketing and Communications Office at the Haas School. Send your news, feedback, and suggestions to Haasnews@haas.berkeley.edu.

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