Simply Finance

with Yegor Nadvornyy

Introduction

• Originally from Ukraine

• Studied Electrical Engineering in Dnepropetrovsk

• Moved to US in 2006: NJ, PA, FL, WA (+NY)

• BBA from Florida International University (Finance)• President of Association of Latino Professionals in Accounting and Finance

• Toastmasters

• Tech Group

• Industries: Hospitality, Tech, Finance and Real Estate

Financial Services Industry in the United States

• Largest and most liquid in the world markets• 7.9% (or $1.24 trillion) of U.S. GDP (2012)

• 5.87 million people employed

• 818,000 people were employed in the securities and investment sector

Topics

• English

• Finance at School (University)

• Finance branches: Banking(+IB), Corporate Finance, Consulting, Insurance

• Business overview

• Finance roles

• Skills • Soft skills

• Technical skills

Why English is important?

• Business language of the World• Women speak better English than men – in almost every country worldwide.

• International sectors use English, and local sectors don’t.

• European countries speak great English, Asian countries are in the middle, and everyone else lags. (Forbes)

• Access to information• News

• Continuing Education

• Networks, Partnerships etc.

Finance at US school

• Public Schools vs. Private

• Business Majors: Finance, Accounting, Marketing, International Business, Economics*, Management

• Corporate Recruiting and Internships

• Business organization and fraternities

Finance at US school (continued)

• Gordon Rule: 60 credits (1-3 credits/class)

• US Financial System• FED, Stock Market, Agencies

• Banking, Financial Risk Management and Derivatives

• Trading, International Finance

• Corporate Finance

• Accounting, Law

• News, trends, history

Finance branches: Banking(+IB)

• Branch: Teller, Personal Banker, *Financial Advisor (Wealth Manager)• Deposits, Check cashing, Notary, Loans, Mortgages etc.

• HQ: • Operations (Processing checks, accounts management +1000 more things)

• Risk Management (Exposure, Reserve Ratio, Portfolio etc.)

• Trading (FOREX, Nasdaq, NYSE, FED)

• Treasury (wires, planning, managing reserves etc.)

• Compliance: SOX, SEC reporting etc.

• International banking

• Other: marketing

Finance branches: Investment Banking, Private Equity, Venture Capitalist• IPO

• Valuations

• Road Show

• Sell, Sell, Sell

• M&A

• Wealth Management• CFA, CPA, CFP

• Trusts and Estates, wills etc.

• Mutual Funds, Hedge Funds, Real Estate Funds etc.

Finance branches: Corporate Finance

• Budgeting, Forecasting + LRP

• Reporting and analysis

• Compliance

• Strategy (including pricing and competitive analysis)

• Investor relations

• Org Risk (ERM)

• Treasury

• Partners’ relationships

• Operations

Finance branches: Consulting (Finance)

• Cash management

• Debt restructuring

• IPO consulting

• Reporting systems

• Metrics

• Compliance

• Other: IT consulting, Legal, Accounting, Management, ERM etc.

Finance branches: Insurance

• Property

• Personal

• Car

• Life

• Derivatives – Credit Default Swaps

• Statistics, statistics, statistics!

Skills

• Excel• Pivot tables, Power Pivot, SQL, VBA

• Verbal and written communication skills

• Negotiation and personal selling

• Analytical skills

• Proactivity

• Strong ability to learn, flexibility

• High attention to details

• Presentation skills

• Interpersonal skills

Other topics

• Resume writing

• LinkedIn and online presence

• Coursera.com, Novoed.com• Codeacedemy.com• Pluralsight.com etc.

• Stanford, Harvard certificates

• Project Management + PMI

• Professional organizations and networking

• Internships and Entrepreneurial Ventures

• Reading: Books, News papers, twitter