Transcript Introduction to the Tozzi Center

Introduction to the Tozzi Center
For Finance Career Searches
Ross School of Business Finance Club
By Zachary Emig
MBA Class of 2005
Presentation Outline
I. General Overview
II. Bloomberg
III. FactSet
IV. Bank Research Portals
V. Conclusion
I. General Overview
• One of newest, most extensive Business
school trading rooms in the country
• Open to all MBA students
• Unless a class is using it, free to come in
any day of the week
• Schedule available at:
http://www.bus.umich.edu/FacultyResearch/Researc
hCenters/Centers/Tozzi/Lab/
• Classes in Tozzi: FIN 640 (Fin. Trading),
FIN 725 (Portfolio Mgmt.)
II. Bloomberg
• All Ross School Of Business students can
sign up for a free Bloomberg login
• Sign-up takes 10~15 minutes
• Once you have a Bloomberg account, you
can come in and use Bloomberg whenever
you want (during free lab hours)
II. Bloomberg (cont.)
• Bloomberg is a very useful tool for
following the markets, researching
companies, keeping up with current
events
• At various points during the school year,
Bloomberg certification classes are held in
Tozzi (free to MBA students)
• Finance Club 2004 Coursepack, section 8
has many useful Bloomberg commands
II. Bloomberg (cont.)
Useful Bloomberg Commands:
Command
Use
ACDR
Earnings announcement calendar
BBT
Live prices/yields for active US Treasuries
BTMM
Live prices/yields for rates products
CINX
Live crude and fuel oil prices
ECO
Calendar of recent/upcoming economic releases
FXC
Key cross currency rates
LEAG
Underwriter rankings (important for Investment Banking)
MA
Recent M&A news; league tables
MOST
Most active stocks
N
News menus
OTOP
Top oil-related news
TII
Displays outstanding inflation-indexed Treasuries (i.e. TIPS)
WEI
Displays world equity indices
YCRV
Tool for plotting multiple yield curves
III. FactSet
• Useful tool for screening on stocks,
researching companies & sectors
• On every computer in the Tozzi Center,
although certain workstations have “fuller”
versions
• Does not require a login/password, so
available for use whenever the Tozzi
Center is available
III. FactSet (cont.)
• Tip: the version of FactSet with the “FRD”
button along the left side is very powerful
• FRD = First Research Direct = access to
IB research reports on the current
company and its sector
• VERY useful for S&T&R interviews: having
research reports is like having a cheat
sheet of what Wall Street thinks about a
stock!!!
IV. Bank Research Portals
• Tozzi Center has logins to 4 banks’
institutional research portals:
– Morgan Stanley
– Merrill Lynch
– UBS
– Citigroup
• Only Kai has these logins, so use is
restricted to the Tozzi Center
IV. Bank Research Portals (cont.)
• Again, these are tremendous resources for
•
recruiting that other schools do not have
Research reports help you:
– Learn different products (CDOs, MBS, FX, etc.)
– Follow arguments about what’s happening in the
economy
– Get the sell-side’s view on individual stocks and sectors
• Two I’d recommend:
– UBS’ Brokerage Industry – What to Watch (monthly)
– Merrill’s The Market Economist (weekly) by David
Rosenberg
V. Conclusion
The Tozzi Center is very useful for any job search:
Goal
Career Path
Tool
Learn more about
banks/companies
coming to hire
Any finance
Bloomberg for company news; FactSet
for financials, analyst reports; Research
portals for Wall Street view
Follow the
markets, news
Any finance
Bloomberg
Put together stock
pitches
S&T, Equity
Research, PCS
1. FactSet, 2. Bank research portals
Form views on the
economy
S&T, Equity
Research, PCS
Bank research portals
Learn about exotic
financial products
S&T
Bank research portals
Look up bank
league tables
IB
Bloomberg
V. Conclusion (cont.)
• Don’t underestimate how unique a
resource Tozzi is among business schools
• A couple of Chicago FinClub members
drove down here just to see it; mentioned
they have 1 Bloomberg terminal in the
entire school
• S&T: I have a CD of useful technical
guides; see me in breakout session
• Q&A