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Volume 10 Issue 2 | 2018

THE RECAP Annual Dinner Edition


Market Recap Tina Sharma

student article Day in the Life of a First Year Calista Kusuma

Exclusive Interviews with Sponsors









Meet the Exec Team Introducing the Capital W Executive Team for 2018

Presidents' Welcome Ashley Chen and Lily Zhang

Market ReCap Tina Sharma


Student Article


Sponsor Interviews & Articles

Calista Kusuma

A.T. Kearney, Bain & Company, Bloomberg, Commonwealth Bank of Australia, Credit Suisse, Deloitte, Deutsche Bank, EY, J.P. Morgan, L.E.K. Consulting, Macquarie, Morgan Stanley, Olivery Wyman, PwC, Quantium & UBS


Meet the Execs Co-President


Ashley Chen

Lily Zhang

Commerce/Actuarial Studies Commerce/Information Systems

Vice President (External)


Vidhi Nanda

Stephanie Xu


Angela Su Commerce/Computer Science

Vice President (Internal)

Henrietta Chui

Karuna Narang

Commerce (Co-Op)



Emily Baita

Commerce/Actuarial Studies

IT Director

Vice President (Activities)


Executive Director

Patricia Argeseanu Commerce (Co-Op)

Publications Co-Director Publications Co-Director

Yu Ann Chin

Carolyn Tran


Commerce (International Studies)

Marketing Director

HR Co-Director

HR Co-Director

Kirsten Hetherington

Valerie Tran

Caitlan Howle


Commerce (Co-Op)




Dear ladies,

companies, to help demystify jobs in investment banking, management consulting, data and other

Congratulations on finishing semester one! We hope

industries. As internship applications are just

you met your goals for the semester and had a chance

around the corner, we encourage you to follow your

to enjoy some of our events. Whether this be our

passions when researching your choices. Then,

International Women’s Day Breakfast back in March,

ensure you conduct the necessary preparation for

the BEYOND mentoring program, or any of our

you to succeed. (The first step is to apply early!)

sponsor in-house events spread throughout the semester.

For our younger members, it is never too early to start exploring your options. We have another

Our generation has always been a voice for change.

packed semester two planned for you and we urge

Now, women don't need to padlock themselves to

you to attend our events to help you decide which

public fences to exercise our rights; we can speak on

path you wish to take after university and develop

multiple platforms, finding each other in seconds.

the skills to get you there! To our final year

Now, it is no longer a conversation exclusively

members, we hope that you are enjoying this last

between women. Given the majority of those in a

year at university, ticking things off your university

position to drive change are also male it is important

bucket list, and are excited for life after graduation.

that men are included in this discussion. This year’s theme, “Our Voice is Our Future”, not only celebrates

Regardless of what year you are in, continue to

the great strides already made by men and women in

push the boundaries in your life. Encourage and

the workplace, but also encourages further bold and

support one another, take the time to listen to new

pragmatic action to achieve a gender-balanced

ideas and challenge the status quo when you believe

economy. Whether it is to help women and girls

there is a better way to achieve something. You

achieve their ambitions, call for gender-balanced

have the power to make change. Here’s to a

leadership or respect and value differences, each of us

generation of talented women in business whose

can be a leader within our own spheres of influence

voices champion for a brighter future.

and commit to take action to accelerate gender parity. This is our voice. This is our future.

“This world demands the qualities of youth; not a time of life but a state of mind, a temper of the

Our goal at Capital W is to empower, educate and inspire tomorrow’s future female business leaders. This ReCap is one of the many ways we seek to provide insight into the business world. In this edition, we have exclusive “day in the life” articles from our

will, a quality of the imagination, a predominance of courage over timidity, of the appetite for adventure over the life of ease.” - Robert F. Kennedy



MARKET RECAP TINA SHARMA Australia Despite modest economic growth of 2.3% in 2017, the Reserve Bank is forecasting it to accelerate in 2018 to above 3%. However, growth in Q1 of 2018 was below the predicted 0.6% at a low rate of 0.4%. This has been attributed to increases in the exchange rate weakening trade by lowering demand for exports. Furthermore, falling house prices, low wage growth and tightening of credit conditions on household spending is likely to result in the RBA keeping interest rates on hold in the long term. As of 1st May, the RBA has decided to leave the cash rate unchanged at 1.5%. Ultimately, positive business conditions, non-mining business and public infrastructure investment should assist in picking up the growth rate in Q2, at a forecasted 0.7%.

China The economy grew by 6.8% in Q1, topping the consensus estimate of 6.7%. Despite previous predictions that China’s growth will slow to more moderate levels, this is the third straight quarter of 6.8% growth resulting from strong consumer demand. The IMF, however, maintains that China’s GDP forecast for 2018 will remain at 6.6%. Rapid credit growth resulting from rising borrowing costs and trade frictions from greater regulation on industrial pollution are likely to slow growth.

United States Growth in Q1 was 2.3% annualised, slightly above the predicted 2.25%. Significant tax cuts implemented in late 2017 coupled with increased consumer spending assisted in growing the economy. However, this was offset with falling investor confidence due to stock market volatility and the threat of a trade war as tariffs were introduced on several imports. In the long-run, the Federal Reserve is predicting growth to subdue to a rate of 1.8% as they plan to raise interest rates, increasing the cost of paying national debt.

Europe GDP rose by 0.4% in both the euro area and in the EU28 during the first quarter of 2018 according to Eurostat. However, as the US plans to raise tariffs on European steel and aluminium this year, the annual growth rate is forecasted to fall as the EU’s terms of trade contract. This will create a domino effect as inflation increase, real wage growth becomes stagnant and results in economic uncertainty.


Day in the life of a First Year 3pm: Get to the office. My internship hours are extremely flexible and the staff are really supportive of our studies, so I come into the office whenever I can. I’m extremely lucky to be an Operations and Marketing Intern at JA Australia. I spend the next two hours creating

Calista Kusuma Publications Subcommittee

content plans for their initiatives such as their ‘More Than Money’ financial literacy program with HSBC, which I am in charge of, and calling high schools in Queensland to advertise

Calista Kusuma Publications Subcommittee

their speed mentoring program. I love my internship, and would highly recommend that all students intern whilst studying their degreeinternships not only give you real-world

11:00am: Lunch at the Quad Foodcourt! Me and

experience, but give you a taste of a life as a

my friends have a weekly post-microeconomics

businessperson as you network and make

tutorial lunch tradition. Coming from a school

connections between university theory and

where only 10 people, none of which were in my

practical use.

faculty, came to UNSW was extremely dauntingbut by pushing myself out of my comfort zone I

5pm: Get on the train to go to tutoring. If you

was have been able to make tons of great friends in

have long travel times, then use them to your

the short semester I’ve been here! You’ll have tons

advantage- I like to spend a couple of minutes

of opportunities to make friends- O-week

taking textbook notes on my commute, or doing

orientations, tutorials, society subcommittees….

internship work. Pro tip: send your notes to your

take every chance you get and don’t be scared of

phone as a pdf- it’s really handy to revise on the

striking a conversation, everyone is in the same

day of exams!

boat! 7pm: Study time again. Study time is extremely 12pm: Study session at ASB. UNSW is so big,

important in university- your learning is up to

there’s tons of places for you to memorise your

you. Reap as much knowledge from your tutors

accounting formulas! Don’t worry if the main and

and lecturers as you can in class, and make sure

law libraries are full- there’s great study spaces in

you spend time revising at home.

all buildings! My personal favourite spots are the ‘green room’ at the ASB and the Hilmer building.

9pm: Late night call with friends! People think you need to sacrifice study, work or your social

2pm: Grab a quick snack before the bus. With

life to excel, but balance is key! Make time for

numerous yummy food options at UNSW, you're

your friends and family, but don’t forget about

spoilt for choice! Halal snack packs, pizzas, bubble

your grades or career- university teaches you

tea… you name it, UNSW has it. I grab some

time management, an important life skill.

yummy sweet potato chips to go from the Roundhouse and prepare myself for the bus line

10:30pm: End of the day, finally time to sleep!

ahead of me.

Get excited for the next day to come.


A ‘Day in the Life’ of Hannah Barnes Senior Business Analyst 7am: I wake up at around 7am. Today is a Wednesday and as consultants we work at the client site from Monday to Thursday with only Fridays in the A.T. Kearney office. I am very excited as the client site is in Brisbane (my hometown!). Unlike my team members who are staying at the Four Points, I am staying at my parents’ house. It is nice to be able to spend some time with them after moving away from Brisbane earlier this year.

of the marketing, the layout and how busy it is currently. We then discuss with the branch manager, to get his view on the store and answer some questions.

8:30 am: I arrive at the client site at 8:30am. The client is an Australian financial services player and we are working on a distribution strategy to help them plan for their future role of how they will engage, communicate & interact with their customers. The A.T. Kearney team consisting of an Associate & myself (a Business Analyst) with support from a Principal and Partner. When the Associate joins just before 9am we discuss what we need to get out of the SteerCo meeting this morning.

3 pm: Our project sponsor from the client was unable to make the meeting the SteerCo meeting this morning. So we have a separate meeting to run through the updates with him. The conversation features around the pack and also some best-practice examples in Europe. The meeting goes well and he says to keep up the great work – success!

10 am: The SteerCo meeting is with the client working group; a group of relevant senior stakeholders. The Associate is leading the meeting and we give an update of the analysis and broad strategy we have done so far. I give the update on the analysis of the physical footprint of the company, this is the part of the analysis that I am leading. 12:30 pm: The really great thing about working at different clients is the variety of food nearby for lunch! Today the Associate and I head to a food court to grab a salad bowl for lunch. 1pm: On the way back to the office we decide to go by one of the client’s stores. It is interesting to see how the store works practically, we take note

1:30 pm: I continue with making the changes to the pack from the SteerCo. Specifically, I am looking through A.T. Kearney Intellectual Capital and researching some competitors, to incorporate some of this thinking.

4 pm: I have a meeting with one of the key clients to discuss the issue with data requests. She takes the action to talk to the Insights team leader to ensure the prioritization of the data request for the project. 8 pm: At around 7pm, an email chain starts from all the A.T. Kearney consultants currently in Brisbane on different projects discussing dinner plans for the night. I opt out of my usual A.T. Kearney dinner, and go home at around 8pm to have dinner with my parents. 9 pm: After dinner, I open my laptop to reply to a few non-client related emails. I have some things to do and emails to send relating to internal projects I am working on such as building intellectual capital, improving A.T. Kearney’s content management and also recruitment for next year’s graduates.


Reflections on Management Consulting at Bain Nina Khoury, Associate Consultant My name is Nina and I’m a 25-year-old Associate Consultant at Bain & Company in Sydney. I studied Commerce (Hons) and Law, with First class Honours in Marketing and was awarded Bain and Company’s True North Scholarship in 2015. Why Management Consulting and Bain? To me, management consulting sounded like the perfect industry for those who were, “ambitious, hard-working, creative and passionate yet had no idea what they wanted to be when they grew up!” Bain allows me to develop and cultivate a diverse array of skills and capabilities that I can transfer to other industries and workplaces while gaining exposure to a range of different industries. Plus, I applied to Bain because the people were so passionate, genuine and down-to-earth! What do you do as a Bain Associate Consultant? Our work is client and project based and our office is primarily dependent on where our client is located. The type of work we do reflects the toughest challenges the company is facing, meaning the work could be strategy, performance improvement or customer advocacy. In my time at Bain I have worked on a range of projects. These include: procurement for a logistics company (how do we “buy and sell” better); full potential strategy for a telco (where should we play and how do we win); marketing return on investment (ROI) for a telco (how do we optimize our marketing spend); due diligences on a currency trading platform and a Japanese phone insurer (should the private equity fund invest in / sell this asset). Therefore, the work is incredibly diverse and for someone that gets bored easily, that’s exactly what I love about it. What else do you love about consulting? 1. Constant learning: the learning curve never ends because the work is never the same. The skills you develop range from building Excel models to how to present and speak in front of your client’s CEO

2. The people: as your project changes your team changes meaning the [brilliant!] people you work with are constantly changing and you are learning something new from them every day How do you think Bain prepares you for your future career? Due to the diversity of clients and projects, consulting provides you with real-world exposure to an array of workplaces and types of work - you learn what you do and don’t like, and therefore what you may want to do in the future. Given you are helping CEOs solve their toughest challenges, consulting also equips you with the problem-solving abilities required to lead an organisation. These are transferrable skills that you will lean on throughout your career! What are some of the opportunities you get at Bain? The support that Bain provides not only enables you to succeed across all aspect of your career, but also ensures you have a great time in the process! Some of the opportunities include: •

• • •

Global training with your start class every 1218 months: the most ‘structured’ fun you can have International case demand opportunities: complete a project overseas and get to go exploring in the process Externship opportunities: work at a different company for 6-12 months Social impact externships: work at a charity / NFP for 6-12 months Bain World Cup: a worldwide soccer tournament where you compete against other countries offices


A ‘Day in the life’ of Zoe Ryan Buyside Core Terminal Sales and Account Manager Bloomberg LP 7.00 AM: Get up and get ready for a day in the corporate world of Sydney CBD. 7.45 AM: Arrive at work in in time to grab a coveted avoc avocado from the fridge at work. Make the most of the Bloomberg pantry to create a gourmet breakfast. 7.55 AM: Log into my Bloomberg Terminal to check overnight emails from clients and colleagues. General follow-up in the morning will include answering client queries about their Bloomberg terminal, setting up client trainings, chasing contracts or organising internal strategy meetings. 8.00 AM: Join the Monday Morning Meeting (MMM) to get an update on how we are performing as a department, highlights from the week, visitors in the office and upcoming events. This week, we are lucky enough to be going on a cruise on the Sydney Harbour to welcome one of our Chairmen from the New York office! 9.00 AM: When I’m in the office, you can find me at my desk speaking to clients about their Bloomberg usage, scheduling trainings, or speaking to my colleagues about the clients I cover in Sydney and Melbourne. When I’m not in the office, I get to walk around in the sunshine to visit my clients around the city. Not a bad way to get my 10,000 steps in! 10.00 AM: Time for my first meeting of the day. This morning, I’m seeing an Equity Portfolio Manager at a Tier 1 Asset Management firm who has been using Bloomberg for thirteen years. A majority of my meeting consists of me asking the PM about her workflow; What do you do in a day? How do you do it? How does Bloomberg fit into that? This is my opportunity to understand her role and how our product fits. It also allows me to identify any gaps or opportunities where we can improve our product or

the client’s usage. 11.00 AM: Back to the office – this week, we have a Product Manager for our Research Management tools from London in the office. He shows us some new developments his team has been working on, and how it can be used by our clients. 12.00 PM: Time for lunch with my colleagues on our 28th floor terrace that overlooks the Sydney Harbour Bridge! 12.45 PM: Mondays mean Yoga at Bloomberg. We go to a nearby yoga studio to do a 45-minute session with a yogi instructor. Guys and girls from all areas of the business get involved and it’s a great way to de-stress, get our heart-rate up and even sweat a bit. 2.30 PM: Today I am welcoming a graduate analyst from one of Australia’s largest superfunds into our Sydney office to train him up on how to use Bloomberg. 4.00 PM: I spend some time in the afternoon working on ongoing projects for some of our strategic clients. This involves liaising with some of Australia’s most high-profile CEO’s, CIO’s and COO’s. Building a relationship with people at this level is critical in ensuring the maintenance and growth of Bloomberg’s presence in financial markets. 7.30 PM: Home for dinner – looking forward to some leftovers from Sunday. I also pack my suitcase for my trip to Melbourne tomorrow. I’m heading down for three days to visit Bloomberg clients in Melbourne. 10:20 PM: Book and bedtime for me – just in time to get my 8 hours in before I get to do it all again tomorrow! Thinking of experiencing life as a Bloomberg L.P. Graduate? Sign up to GradAustralia to receive job alerts for Bloomberg L.P.


A Day at CBA Cynthia Vaikunthan Business & Private Banking Graduate 8:15am – 8:30am

1:00pm – 2:00pm

I meet some of my friends who are also grads for a quick morning coffee and chat, before heading up to my desk. I open my calendar to check my schedule. ……… Back to back meetings; it’s going to be busy, but I am ready.

My manager calls out ‘Team, we need to talk’. The executive committee meeting is tomorrow, so we come up with some ‘hard questions’ that the Board will get asked by relevant stakeholders. The reason we do this is to try and find holes in our strategy that we can then plan and work towards.

8:30am – 9:00am

2:00pm – 3:30pm

I assume my role of ‘Huddle Master’ for the Strategy Development team. I call out ‘Team Huddle’ and my team take their posts around our Visual Management Board to discuss weekly work items.

Suddenly my team sends through an urgent request, ‘Cynthia, the Executive General Manager, needs some competitor analysis on our tech advantage for the Board Paper. We need it done by close of business today please, the meeting with the executive committee is tomorrow.’ I hustle and multi-task between calls with Finance and Strategy teams across the business, read through competitor media releases and annual reports, while collating, analysing and modelling data and put together a PowerPoint pack to submit.

9:00am – 10:00am I have a video conference with members of our Agribusiness Innovation team. We workshop ideas to implement new tools for our frontline teams so that they can connect remotely with our customers. 10:00am – 12:00pm I grab a quick cup of tea before joining a question and answer think tank. The attendees are frontline team members from across the business, including Regional and Agribusiness, Small to Medium Enterprises, Corporate Financial Services and Private Bank. Q & A gives us some great insights into the areas for improvement within our processes and systems, for our people and customers. 12:00pm – 1:00pm I have lunch with the other graduates from across the Bank, as we catch up on work, love and life, before going for a nice walk around the city.

3:30pm – 6:00pm I quickly pack up my things and say goodbye to my team, before attending this month’s Grad Talk on Digital Citizenship. We hear from inspiring speakers from across the Bank telling us about mastering and sharing digital capabilities to work more productively and collaboratively. It’s so great to be a part of this community where we can share and learn! 6:00pm What a day! I still have enough energy for a quick gym session, though it definitely feels like a weights day, not a cardio one. Looking forward to another action packed day at work tomorrow. 9

A ‘Standard’ Day at Credit Suisse Research Analyst Equity Research Team 7:00am Arrive at the office, checking overnight news (local & international) and preparing morning meeting snippets on the commute in. Check again for any breaking news on arrival. Companies usually report news either before the markets open (9:30AM) or when the markets close (4:00PM). 7:30am Morning meeting with research analysts and sales & trading teams. Analysts will introduce their note, relay its significance and field questions from the sales & trading teams. 8:00am Quick coffee, respond to emails and prepare a concise email for clients supporting stock views. Book in time for model reviews and brainstorm for the next ideas engine publication. Other days there might be a breakfast with a client to discuss current views. 9:00am Mid-morning is spent calling local clients, marketing investment ideas and responding to client requests ahead of the market open. Markets open and Company X’s trading is up, our note must have been well received. 10.00am Phone rings. Clients are interested in discussing our note on Company X. Provide feedback to sales & trading teams. 11.00am Meeting with top management of Company Y to discuss their latest announcement. 12:30pm Client meetings. Today is lunch at Mr Wong’s with one of our large fund managers. 2.00pm Do some digging for information post-meeting with Company Y, download articles to read tonight.

3.00pm Host a call with an expert in one of our current trends that clients are talking about. Clients find the call very useful. 4.00pm Markets close with an announcement from Company Z. Put together a flash note after looking into the announcement and what it means for Company Z, based on my assumptions and historical events. 6:00pm Respond to emails and client requests Think about topics for tomorrow and prioritize my goals for next day. What do you do to keep energised and focused throughout the day? Having a prioritised to-do list helps stay focused, however one piece of news, or client request can quickly turn the day into a rollercoaster ride! I try and fit a run or gym workout into the day and have a few casual chats with my colleagues to help break it all up. What are things outside of work that help to maintain a healthy work-life balance? Spending time with family and friends, and travelling the world are a few of my priorities outside work to help maintain a healthy worklife balance. I also try to engage in at least a few of the many work events on offer. This could include a night making dinner for some of the less fortunate at the Wayside chapel, or enjoying a performance by the Sydney Symphony Orchestra, or running at the Balmoral Burn. 1 0

Exclusive Interview with Theresa Ortiz Theresa Ortiz Graduate, Financial Advisory

What is your background? I studied a Bachelor of Commerce (Finance) and Bachelor of Science (Maths) at UNSW graduating with distinction. Whilst in my penultimate year, I completed the summer vacationer program at Deloitte Western Sydney in Financial Advisory’s Mergers & Acquisitions team. I live closer to the Sydney CBD office, so I originally thought I would want to move there. But, after spending time in the Western Sydney office during the Vacationer program, I realised what a great vibe it was, how friendly the team was, and that there was so much growth starting to unfold in the region – which meant more opportunities for me professionally too! So, after finishing my degree, I came back to the Western Sydney office as the first grad in the M&A Transaction Services team. In my first year of work I completed level I of the CFA Program, and I’m currently working as an analyst across the M&A team more broadly. Given this year’s theme, what do you believe is the importance of male and female voices, and how do you think they can shape the future of a gender balanced Australian workforce? Diversity of thought. Having both male and female voices means different perspectives are brought to the table. I think it’s equally as important to have diversity across all aspects too (culture, age, etc.). Everyone has different ways of doing things, so the more voices and perspectives that are shared, the better we can perform and succeed as a workforce. What priorities and values have been anchors throughout your career and how have you maintained them? Having variety & being involved in different aspects

aspects of the organisation: One of the great things about working in the Western Sydney office, is that while I sit in the Transaction Services team, I have the opportunity to work in Valuations and Advisory too. Outside of my everyday role, I’m also involved in the Real Estate industry group, which gave me the opportunity to produce the “Parramatta Crane Survey” report with my Partner, and also led to me being sponsored for Property Council of Australia’s “500 Women in Property Program”. I’m now also involved in the Real Estate & Construction Client Group account planning in Sydney. It means every day is different for me, which keeps things interesting. Work/life balance: I make sure I get up from my desk at least once during the day – whether it be for my daily coffee walk, a run during lunch, or having a walking meeting rather than sitting down. On the weekends, I always plan time for myself to relax and recharge for the next week ahead. In your opinion, how can female students gain a competitive edge as they apply for jobs and internships? Find something that you’re interested in and passionate about, and share it with those around you. Thousands of graduate applicants have talent and technical skills, but it’s really that extra personality or different aspect that you can bring, which will really differentiate you from others If you could say one thing to your younger self entering the workforce for the first time, what would it be? Enjoy it! Take the time to immerse in the experience and absorb all the learning. Bring your full self to work, and don’t get caught up in the small things. You’ve made it there for a reason so be proud of yourself!


A ‘Standard’ Day at Deutsche Amy Giang, Associate Institutional Client Group (Fixed Income & Currencies) I work on the trading floor at Deutsche Bank in the rates sales team. We speak to institutional clients on rates products such as government bonds and interest rate swaps. The trading floor is a fast-paced and exciting environment to work in. To succeed in rates sales, you need to be interested in financial markets and the way in which macro and geopolitical events affect the market. On top of this, in a sales role, you need to be passionate about creating relationships with clients and understanding and servicing their needs.

8:30am The Sydney session opens. We make sure that our clients know our “axes” (this is when a trader has a specific interest in buying or selling a product, so they can show a good price) and provide them colour on any new DB research and views that we think is relevant.

Our team spans Sydney, Tokyo and London where we speak to clients across the world on Australian Dollar rates products. The flows and views we are exposed to across all of these locations is very important for our team to be able to generate dialogue with our clients, answer questions, execute trades and present new ideas. Since starting my career at DB, I have witnessed events such as Brexit and the election of Trump and seen first-hand the reaction of the market. Given things change daily in our market and we need to be reactive, our ‘standard’ days vary a lot!

10:00am Meet a client for a coffee downstairs with one of our traders to discuss a product and how they may be able to implement it in their portfolio.

7:30am Arrive at work and glance over the main headlines from overnight and check the emails that have come in from our desk in London. 7:45am Our daily Fixed Income meeting to discuss the key moves in markets overnight, what drove price action and the views of our traders and economists for the day ahead.

For most of the day we are interacting with our clients and traders to discuss our views on what is happening in the financial markets and relate that to what is happening in the rates market. We help clients execute trades and build relationships by speaking on the phone, emailing research or trade ideas or by speaking on Bloomberg chat.

12:00pm Given we start work pretty early, most of us are starving by midday. We usually start the week healthily but burgers on Friday are quite common! 3:30pm Speak to our middle office team to make sure that our trades for the day have been booked correctly and any trades due to settle on the day are OK. 4:30pm The Sydney session closes and we hand over to our London team. We wrap up any loose ends and most days I will head to the gym after work. Outside of work I enjoy food – both cooking and eating. I am always planning my next travels and enjoy attending concerts.


We’re looking for students from all majors and backgrounds to help us make a positive impact on clients, customers and communities alike. Our programs, internships and full-time roles cater to a wide variety of interests and skills, offering more opportunities to continuously learn and innovate in a caring and supportive environment.

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Reflections on Wo(mentorship) Tara Naguleswaran, Management Consultant L.E.K. Consulting Tara is a Consultant at L.E.K. Consulting and has over 10 years of strategy and M&A experience. Tara graduated from the University of Melbourne with a Biomedicine Degree, as well as obtaining a Masters of Commerce with Dean’s honours, majoring in Strategy and Operational Management with Melbourne Business School. Following university, Tara joined PwC, working in strategy and operations consulting in Australia and Singapore, before joining Champ Private Equity to head Strategy, Mergers and Acquisitions for one of their portfolio investments - Axieo.

As a strong advocate for female mentorship, she has shared her reflections on wo(mentorship) below... In the Odyssey, Odysseus leaves to fight in the Trojan War, leaving his son in the care of his advisor – Mentor. While he is away, the goddess Athena disguises herself as Mentor in order to watch over the development of the child. In Greek mythology, Athena the goddess of war and wisdom provides guidance and courage to those who sought her counsel, whether male or female. Fast forward c.3000 years and in many ways the mentorship provided by Athena can be readily compared to many strong females leaders today. It is broadly accepted that due to the role women traditionally have played in society as care givers, female mentors take a more holistic developmental approach when advising mentees on their development. Longer work weeks, soaring aspirations and a greater focus on needing work life balance, have seen a surge in the demand for female mentors by individuals across sectors. The increasing number of women in leadership has in-turn enabled this, no longer prioritising these individuals solely for high-performing junior females.

While the role of female mentorship grows, it is important as a mentee to select a mentor whose career achievements and personal attributes you admire. In consulting and similar professional services we are well accustomed to having a career coach who assists us in navigating our immediate careers. The mentor plays a different but symbiotic role. At the risk of sounding altruistic, a successful mentor takes our experiences at university or at work and provides guidance on how our decisions and achievement fit into the broader plan we have for ourselves. I myself benefited from having a mentor from when I was at University – the Dean of Medicine at Melbourne University. While having different career trajectories, her experiences in navigating a male dominated profession while maintaining her passions outside of the operating theatre have guided me in the decisions I have taken and goals I have focussed on to achieve. We celebrate major successes together and briefly commiserate any pitfalls before turning out attention to addressing them. Given the benefits, I would encourage students to consider the merits of identifying a mentor while at university and fostering this relationship as you embark upon your careers. It is important to be mindful however that it is definitely not a free pass for advice. Mentorship is a two-way street and as a mentee you must be prepared to bring energy and focus to the relationship. The mentor’s measure of success is in how far you achieve the goals you set and adapt to challenges. The mentee’s measure of success is not just in achieving their goals but in-turn in becoming a mentor to others. 15

Where will a career at Macquarie take you? Be part of a talented global team. Instinctively entrepreneurial. Ambitious in nature. Determined to succeed.

See where your background can take you: www.macquarie.com/helpmechoose macquarie.com

Date Tuesday July 31, 2018 12pm

Morgan Stanley Summer Internship Opportunities Morgan Stanley believes capital has the power to create positive change in the world. The biggest and most impactful changes come from people like you. Morgan Stanley invites all students in their penultimate year of University, who are interested in pursuing a career in Banking, to consider our upcoming Summer Internship opportunities. Our Summer Internships will run for approximately 10 weeks between November and February. We have opportunities across IBD, GCM, Research, Real Estate Investing (REI), Institutional Equity Division (IED) and Wealth Management. To find out more information please visit www.morganstanley.com/campus. If you come to Morgan Stanley, what will you create?

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Š 2018 Morgan Stanley

From History Major to Management Consultant Alexandra Biggs, Consultant Oliver Wyman Two years ago, I was furiously working on my Honours thesis in history as part of my Bachelor of Arts, navigating the complex narrative of migration and multiculturalism in Australia. Eleven months ago, I was travelling in the Middle East, enjoying time off visiting mosques, synagogues and churches, as well as archaeological sites and some recreational skiing in spectacular conditions in Iran. Ten months ago, I began working as a consultant with Oliver Wyman, a job that, in addition to my home office in Australia, has already taken me to Singapore, the Philippines, and Indonesia. It has been an extraordinary transition from history student to management consultant and has required wrapping my head around new ways of working – not to mention learning a seemingly whole new vocabulary of terms and a never-ending multitude of acronyms! Within two days of completing my training in Singapore, I was asked to fly to the Philippines to support a project in Manila identifying digital transformation opportunities for a major bank. Since then, I’ve covered a multitude of topics for a variety of clients, with an enormous learning curve to match. But how did I end up in consulting in the first place? Like many Arts students, I never knew much about the world of professional services, and until my final year at university would never have considered pursuing management consulting. During my Honours year, I was fortunate to have a research opportunity with a consulting firm open up, as well as friends and mentors who pointed me in that direction.

While the basic principles of consulting were familiar and appealed to my interests, coming from a humanities background necessitated a steep learning curve: in addition to the acronyms, I’ve spent the last year building up my quantitative analytical skills and familiarising myself with new industries and sectors. To date, none of my colleagues seem to mind when I have a million questions or need to take some extra time to read up on unfamiliar areas. Absolutely critical to the culture at Oliver Wyman are the people. I’m usually quite cynical about recruiting jargon, but there’s one thing I remember reading on the OW website as an applicant that has continued to resonate with me as being authentically true: “inspired people with interesting lives make better consultants.” All of my colleagues are both inspiring and interesting, and I have learnt so much from them in less than a year. I think that the academic discipline you study matters far less than many think: diversity of background is part of what makes this company tick. Curiosity and drive are just as important as any undergraduate degree. In under a year with Oliver Wyman, I am now armed with knowledge and experiences of sectors and industries that I knew nothing about. The past year has introduced me to topics and fields that were entirely foreign to me as a university student. Having learnt so much so quickly, I’m looking forward to seeing where the next couple of years will take me. For more information about Careers at Oliver Wyman, please visit: http://www.oliverwyman.com/careers.html. 18

Exclusive Interview with Victoria Park Victoria Park Diversity and Inclusion Director

What is your background? I have 20 years of experience in HR and 3 years specialist Diversity & Inclusion experience, leading the firm’s policy, program and culture change strategy, including: gender pay gap reporting and analysis, partner admission targets, ‘All roles flex’, Inclusive Leadership Workshops, D&I surveys and Family and Domestic Violence. I am also currently a member of PwC’s Diversity Advisory Board, AHRI’s Inclusion & Diversity reference panel, and an executive coach for Grace Papers parental leave transition coaching. Given this year’s theme, what do you believe is the importance of male and female voices, and how do you think they can shape the future of a gender balanced Australian workforce? All voices are critical to shaping a gender balanced Australian workforce. 2017 feels like a real landmark year for the next phase of change for gender equality with movements like the #metoo and #timesup campaigns. I see a real shadow impact of these global campaigns on issues like gender pay equity, women on boards and women in leadership with females and males increasingly calling out the importance of these issues. Where there is ‘backlash’ for example with Catherine Brenner and women on boards recently, I see far more people jumping in to oppose, and the ‘dinosaur’ voices increasingly fading out. What priorities and values have been anchors throughout your career and how have you maintained them? I am a wife and mother of two boys (11 and 8) I want to raise my kids with a positive mental attitude and health, that means being actively involved in their lives and finding time to build a strong connection. With a young family, time is a precious commodity so I try and link my hobbies to health, family and community - we are all keen runners and love ocean swimming and sports.

I embrace the flexibility that PwC enables and have worked in many different ways in my 15 years with the firm. I make sure I spend time in the kid’s school when I can be supporting reading groups, volunteering in the uniform shop or canteen. I also spend time coaching with Grace Papers - I am particularly passionate about the impact of positive parental leave transitions on working parent’s decision to stay in the workforce and the link to equality. Finally having a job I love, where purpose is front and centre help me feel positive when the balance swings more to work at times. What are some initiatives your firm has enacted to prevent instances of gender inequality? At PwC we introduced targets in 2015 for new partner admissions, we set these to be a minimum of 40% females to be admitted each year. We have also actively focused on equity in pay, promotion and incentive decisions for a number of years. Our recent review into the ‘Current State of Diversity & Inclusion’ within the firm highlighted that whilst our graduate intake has been equitable for a number of years, our experienced hire recruitment of Directors has disproportionately favoured males, 70%, every year for the last 5 years - in FY19 we have also introduced a target of 50% experienced director hires to be female. Targets alone can’t be the answer though, we need to focus on effective development and sponsorship of all talent equally. We also need to continue to work on the barriers that females face and work on removing these for the benefit of the workplace more broadly and all people. If you could say one thing to your younger self entering the workforce for the first time, what would it be? Surround yourself with a small and diverse group of genuinely supportive mentors and sponsors, formal and informal, male and female, from early on in your career the only person who will know your path is you, rarely is there one role model who you identify with completely, so ensure you are getting different perspectives to help you work out your way. It’s a bit of a cliché, but your career is a marathon not a sprint, sideways opportunities can be as beneficial if not more in the long term as you progress into senior leadership roles diversity of experience is important for long term success.


A ‘Standard’ Day at Quantium Jennifer Yow, Governance Lead, Data and Platform Team Maria Pavlova, Senior Consultant - ANZ Markets Jennifer’s Day

Maria’s Tips for Mindfulness

Eat breakfast while going through email. Gone through prioritisation sheet and check any deadline in Outlook task list for the day.

An average person is likely to spend more than 21,000 hours commuting to work over their work-life. That is more than 900 days, or 2.5 years! Since then, I have decided to change my view on mornings and daily commutes and have developed a list of activities that put me in the mood of uplifting positivity, such as: • Planning my day which helps me arrive knowing I’ve already accomplished something • Reflect on grateful moments from yesterday • Learning a new language (lately – Spanish through my phone app)

8:00 AM

9:00 AM Meeting with Data Governance officer and share an update on current tasks and list action items. 10:00 AM Finalise user access review reports ready to action. Send an email to user group notifying about the upcoming activities. Finalise business plan and initiatives for the new financial year. 11:00 AM Weekly team management catch recruitment and resource planning.



12 NOON Weather was perfect for a brisk walk and run. Soak in sun and air and complete steps challenge near Mrs Macquarie Chair. 1:15 PM Back in the office for a quick shower. Prepare for meeting with Product team to map out process for quality control and compliance. 2:00 PM Conference call with external stakeholders to discuss status on data governance items. Meeting ended well with clear action items. 3:30 PM One on one catch up with my manager over coffee to discuss an update on my monthly goal. 5:00PM WOW it’s 5’o clock and where has time gone! Now I can spend time catching my remaining work. Finalise my business plan and road map. Phew! That sets out clear roadmap for new year. 6:30PM Felt I achieved my work. Head back home.

It has been proven, that our attitude to stress has a stronger effect on our long-term wellbeing than the stress itself. Apart from changing your attitude to stress, try a technique called “prospective hindsight”, which is the thought of possible actions and outcomes. If you know that you have a stressful meeting ahead, spend some time imagining everything that can go wrong and develop potential responses in advance. Even if you end up feeling stressed during the meeting– at least you’ll have a couple of responses developed when you could think clearly! And of course, it’s not all about managing stressful days. There are also days when you feel an amazing sense of achievement, contribute to developing a product that will make someone’s life better, coach more junior colleagues and see them grow. That’s why you should never stop searching until you find the job that makes you feel accomplished, motivated, and ultimately – happy. Once you find a job that you love – you never work a day in your life! 20

Australia, New York, Zurich


team r u o n i o J

We’re global while staying local.

Ready to challenge yourself? Whether you like to focus on the details, or on the big picture. To give advice or drive direction. Whether you like things fast paced or where patience is a virtue. (Or all those things.) Let’s get started on your future. ubs.com/careers

UBS is proud to be an equal opportunities employer. We respect and seek to empower each individual and the diverse cultures, perspectives, skills and experiences within our workforce.

© UBS 2018. All rights reserved.

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The ReCap Mid-Year Edition 2018 - "Our Voice is Our Future"  

The ReCap Mid-Year Edition 2018 - "Our Voice is Our Future"  

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