Wall Street, New York Residency Fall 2011
By Alex Hess, Graduate Ambassador
October 13, 2011
Building off of a successful trip in 2010, the MBA Student Association (MBASA) organized a two-day residency for MBA/MSA students to visit companies in New York City including, Novus Partners, Grant Thornton LLP, Emergis Capital, Credit Suisse, and the New York Stock Exchange (NYSE).
Bright and early Thursday morning, students met with Basil Qunibi, Chairman and CEO of Novus Partners. Mr. Qunibi emphasized the importance of research in making financial decisions. Since the hedge fund industry is not well-regulated, there was little information available for research regarding funds. Thus, Qunibi created Novus Partners, which focuses on analyzing and researching data for hedge and private equity funds. Novus has developed easy to use software to present the research analysis and findings to its clients. The majority of students surveyed, stated that the visit with Basil Qunibi, greatly exceeded their expectations.
Later that afternoon, George Mason Alumnus ’91 and Audit Practice Partner Mike Creasy opened up his offices at the midtown Grant Thornton LLP location. Creasy explained Grant Thornton’s niche market in the auditing field and the steps he took towards success since leaving Mason. Creasy also joined the students in a happy hour that evening. Following Grant Thornton, William “Bill” Flynn met with student and described his elaborate career and his new hybrid investment banking firm, Emergis Capital. He spoke of the importance of hiring a capable and intelligent team in his new endeavor.
On Friday morning, George Mason Alumnus ’86 and Director of IT Services, Cesar Vallejos, invited the students for lunch in the Credit Suisse boardroom. In this comfortable setting, Vallejos, spoke of the challenges and successes he has faced throughout his career. In addition, he gave pearls of wisdom to current MBA students on pitfalls to avoid and opportunities to seize in their careers.
Concluding the residency, students visited the NYSE, which included a view from the members’ gallery as well as a trip through the trading floor to speak to one of the dedicated market makers (DMM). This was a very educational experience as the DMM explained the processes involved in modern trading and selling stocks and the algorithms that go into making decisions. The students, alumni, and companies have given very positive reviews regarding the visits, and look forward to additional New York residencies for future MBA/MSA students.