Master of Science in Finance 2017 Program Report

Georgetown University | McDonough School of Business

MASTER OF SCIENCE IN FINANCE

2017 PROGRAM REPORT

▲ (Top left) In South Africa, Master of Science in Finance (MSF) students work on a client presentation for their global consulting project. (Top right) First-year students work together to prepare for their case competition. (Bottom) Students entering the program meet on Georgetown University’s campus each summer for orientation and networking.

> WELCOME It is my pleasure to present the 2017 Master of Science in Finance (MSF) Program Report. This report provides an overview of the program, profiles our students and partners, and shares employment statistics from the first two graduating classes.

My colleagues and I launched the MSF program in January 2014 after a nearly two-year development period involving many of our leading faculty and administrators. As the first technology-intensive program at Georgetown University’s McDonough School of Business, we have shown how to use technology to increase educational quality and to attract bright and motivated students from all over the world who need the flexibility to work outside the Washington, D.C., area.

Over the past three years, we have continued to innovate with the launch of the MSF Career Management Center, the MSF On-campus Orientation, the MSF Student Investment Club as part of the Peeptrade University Challenge (where our students compete against peers from other top business schools), the MSF Consulting Clinic, the MSF On-campus Global Consulting Project Intensive Weekend, and many other activities and resources.

Besides continuous program innovation, we remain committed to recruiting students from a wide range of academic backgrounds and business experiences.

For example, some students have MBAs from top universities and have worked at the most preeminent firms in the world, while others have no formal business

training or experience. Moreover, some seek to advance in their current career fields, while others pursue a career change made possible by obtaining the MSF degree. What all of our students share is a passion for mastering the most challenging aspects of business education, an aptitude for learning this material quickly, and a desire to be leaders and entrepreneurs.

We believe these features truly set us apart, and we are proud of the accomplishments of our students and alumni. I stated in last year’s inaugural report that we set the bar high but would continue to raise it. We have done just that. MSF is now the largest graduate program at Georgetown McDonough after the MBA program, and our most recent incoming class has the highest average GMAT of any part-time program on campus.

Please visit our website, msf.georgetown.edu, and follow us @GeorgetownMSF to learn more about our program.

ALLAN EBERHART, PH.D.

Professor of Finance, Director, Master of Science in Finance Program

> OUR

STUDENTS

MSF CLASS OF 2018

74 669 3.4 Enrolled

Average GMAT Score

Average Undergraduate GPA

394

630-710

3.0-3.7

Applications Received

20-80% Range

20-80% Range

UNDERGRADUATE FIELDS OF STUDY

SAMPLE OF CURRENT EMPLOYERS » Accenture

16% Economics

» Bank of America Merrill Lynch

14% Finance

»B oard of Governors of the Federal Reserve System » Boeing » Chevron

10% Engineering

20% Business

» Freeport-McMoRan » Goldman Sachs » Intel

4%

» J.P. Morgan » Lockheed Martin

4% 16% Other*

» Shell

4% 4%

4%

» Sony

4%

» Vanguard » Verizon Accounting

Philosophy

Biology

International Affairs History

Computer Science

*Includes Architecture, Entrepreneurship, Marketing, Political Science, Psychology, Spanish, and Studio Art

YEARS OF WORK EXPERIENCE

AVERAGE: 7 Range 0-30

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34% 29 FEMALE

AVERAGE AGE Range 22-51

CLASS OF 2018 PROFILES

Pedro Morales-Aizpun

Ruby Barickman

Aarushi Das

Senior Financial Analyst

Mining Engineer, Strategic Planning

Economic Research Analyst

FEDERAL RESERVE BANK OF NY

FREEPORT-MCMORAN

U.S. TREASURY

“I chose Georgetown because of the quality of its education, which is known around the world; its Jesuit and Catholic heritage; and because the technology used in the program enhances its quality and, at the same time, allows more flexibility for professionals like me, who work full time.”

“I am pursuing my MSF for a deeper understanding of the business side of my industry.

Georgetown McDonough’s MSF program is hands down the most prestigious and flexible program available! I travel for work, and the program is accommodating without sacrificing quality.”

“I chose the Georgetown McDonough MSF program to enhance my skillset at my current job and to gain strong training in the development finance realm.

In particular, the On-campus Residency was tremendous and provided the opportunity to really get to know my fellow classmates.”

» CURRENT CITY: MADISON, NJ

»C URRENT CITY: PHOENIX, AZ

»C URRENT CITY: WASHINGTON, D.C.

» HOMETOWN: TOLOSA, SPAIN

»H OMETOWN: DENVER, CO

»H OMETOWN: ATLANTA, GA

»P RE-MSF CAREER: CONSULTING

»P RE-MSF CAREER: ENGINEER IN

»P RE-MSF CAREER: CONSULTING

WITH A FOCUS ON RISK MANAGEMENT

THE MINING INDUSTRY FOCUSED ON

AT FINANCIAL INSTITUTIONS

MINE PLANNING AND DESIGN FOR

»E DUCATION: B.A. AND MBA, UNIVERSITY OF DEUSTO

BOTH DOMESTIC AND INTERNATIONAL UNDERGROUND MINES

WITH A FOCUS ON DEFENSE AND INTELLIGENCE

»E DUCATION: BSFS, GEORGETOWN UNIVERSITY

»E DUCATION: B.S. AND M.ENG., UNIVERSITY OF ARIZONA

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> REVOLUTIONARY

LEARNING

THE ACADEMIC PROGRAM Throughout the academically rigorous 21-month program, students complete core, advanced, and selective courses in addition to participating in two on-campus residencies and one international residency. Altogether, students complete 32 credits to receive the MSF degree.

ANYTIME MEDIA Our technology-intensive program flips the classroom in an innovative way. Each week, students work through the course material — at a time of their choosing — using our Anytime Media on the course website. The primary component of this technology is the Professor Presentations, a sequential series of high-fidelity videos in which professors speak directly to students with a virtual whiteboard. Each Professor Presentation comes with a searchable transcript so students can find key words or phrases and, with one click, be taken to the corresponding moment in the video. Anytime Media is available to alumni and serves as an online library of resources that can be used long after classes officially conclude.

Depending on the course, Anytime Media also consists of practice problems (many with videos where the

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course professor shows strategies for how to solve the problem that supplements the written solutions), team discussion posts, and other material.

CORE COURSES » Financial Markets » Financial Accounting » Corporate Finance » Financial Econometrics » Advanced Corporate Valuation and Modeling » Principled Financial Leadership ADVANCED COURSES » Options and Risk Management » Investments and Fixed Income SELECTIVE COURSES » Private Equity Real Estate » Advanced Financial Modeling » Big Data »F inancial Statement Analysis *Future selective courses may differ from current courses.

MSFLIVE IN THE BLENDED CLASSROOM The weekly culmination of each course unit is the 90-minute MSFLive session in which students typically participate in a case discussion with their professor and classmates. Cases involve real-world business problems faced by actual firms and require students to apply what they have learned from the assigned readings and Anytime Media. Moreover, students often use what they have learned to address pressing business challenges in their daily work.

With our Blended Classroom, students can attend MSFLive sessions on campus or online and receive the same educational experience. Despite their geographic distance, students and professors interact as if they are next to one another. ▲ (Top) Professor Lee Pinkowitz talks with students before an MSFLive session. (Right) Alec Emmert and Alex Akar prepare in Bahrain for an MSFLive session.

“ My work takes me overseas. While I have attended a live session in Washington, D.C., I primarily participate in MSF online. During the course of the program, I have attended MSF remotely from several foreign countries.”

ALEX AKAR, MSF ʼ17 (Right)

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>O RIENTATION

AND RESIDENCY

ON-CAMPUS ORIENTATION This orientation provides an opportunity for incoming students to meet their classmates and faculty so they can hit the ground running with their first course.

It also brings students together on campus to learn about available resources.

â–˛ (Top) Student teams gather in Riggs Library for their residency awards closing reception. (Above) Deputy Dean and Professor Paul Almeida discusses strategy with students. (Right) Students embark on a monument trolley tour of Washington, D.C.

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ON-CAMPUS RESIDENCY This accelerated course engages students in an in-depth team case experience. Students also develop their leadership skills through seminars on important business topics. They apply a high-level view of finance, strategy, and other fundamental business concepts to create a presentation that is judged by subject matter experts. The residency also allows students to deepen relationships with peers, network with faculty, and access all of the resources and services offered within the McDonough School of Business.

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> I NTERNATIONAL

RESIDENCY

GLOBAL CONSULTING PROJECT In this signature Georgetown McDonough experience, student consulting teams work together to solve a pressing business problem facing non-U.S. organizations and Fortune 500 companies with operations overseas. The students work for approximately six weeks on the project and then travel abroad to their client’s facilities to present recommendations to senior leadership. Students have visited the Johannesburg, South Africa, offices of Barclays, Coca-Cola, Rio Tinto, Standard Bank, and other multinational and regional organizations.

In addition to company presentations, students enjoy visits to historical and cultural sites, taste the local cuisine, and learn about the connections between our international consulting partners and local communities. ▲ (Top) Students with executives from Merchant Capital after presenting their recommendations to the company.

(Right) Garrett Majdic (MSF ‘15) has a close encounter feeding a giraffe at the Lion and Safari Park.

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>S TUDENT

LIFE

MORE THAN JUST AN ONLINE COMMUNITY Our program boasts a community unheard of in traditional online education programs. Students start getting to know one another during the On-campus Orientation, and these friendships continue to strengthen throughout the program.

The weekly MSFLive sessions and on-campus events help set the program apart. Our students take these opportunities to network and learn from one another academically, professionally, and socially. They appreciate the added value of diversity among their classmates’ academic and professional backgrounds.

In addition, there are regular informal gatherings after MSFLive sessions as well as occasions when non-local students gather to participate in MSFLive sessions together.

▲ David Ajdari (MSF ‘17) reviews Anytime Media on campus prior to an MSFLive session.

“ This program provides a unique opportunity to interact with immensely interesting and intelligent students from across the globe. It is especially rewarding to see how quickly they blend into the Georgetown MSF community we have created with them.”

LUKE WEICHBROD, Associate Director, Master of Science in Finance Program

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COMMENCEMENT Each May, students are recognized for their achievements at Commencement with other Georgetown McDonough graduate programs.

Family and friends travel from around the globe to celebrate the new graduates.

â–˛ (Top and left) Graduating students and friends celebrate at the commencement reception. (Right) Chase Lehrman prepares for the 2016 Commencement.

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>C AREER

MANAGEMENT

The MSF experience prepares graduates for internal promotions within their current companies or for new positions in finance, consulting, and related fields.

Since much of my work centers on building strong relationships with employers and external partners, I frequently speak with hiring managers and recruiters. Time and time again, they indicate that they are most impressed by the depth of knowledge above and beyond a traditional graduate business degree that our students and alumni possess. Indeed, the ability of our students to succeed in their chosen positions is a testament to their preparation, dedication to the program material, and the initiative they take to manage their own career strategies.

I encourage employers to get to know our students and alumni and see what makes them highly competitive hires who are ready to tackle the most challenging finance, consulting, and business situations.

THOMAS STOWELL

Director, MSF Career Management Center

The MSF Career Management Center offers a wide range of services and programs to help students assess their current employment situation, develop short-term and long-term career goals, and engage professional networks to drive career mobility and transition.

Our office works exclusively with MSF students, allowing in-depth, tailored services that meet the diverse career needs of each cohort. Specifically, we offer the following: »C areer Advising and Executive Coaching »P ersonal Branding and Marketing Assistance »M ock Interviews »A ccess to Industry Research and Information »A ccess to Alumni Networks and the MSF

LinkedIn Group »R obust Career Curriculum » J ob Postings and Career Opportunities

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Our philosophy of service focuses on establishing strong one-on-one relationships with employers, students, and alumni. We serve as catalysts for connections between these populations by leveraging the resources of Georgetown University, the McDonough School of Business, and the global Georgetown alumni community.

> CAREER

SUCCESS

MSF graduates possess knowledge of current business trends, as well as the high-level finance, analytical, and consulting skills necessary to address today’s pressing global business challenges as leaders in their fields.

Due to the part-time nature of our program, students may make career moves at various times, ranging from just after admission to well after graduation based on their personal circumstances.

38% 52%

We are pleased to present post-graduation information for the MSF program’s first two cohorts (Classes of 2015 and 2016), which shows the overall career progression of our graduates.

Post-Graduation Average Salary Increase

$48,000

Post-Graduation Median Salary Increase

$88,280 Post-Graduation Base Salary

SAMPLE EMPLOYERS

SAMPLE POSITION TITLES

» Barclays

» Analyst, Valuation Services

» BNY Mellon » Compress Group/E15 » Deloitte » DW Partners » Fannie Mae »G oldman Sachs Wealth Management » KPMG » Morgan Stanley » Raymond James » State Farm Insurance » Starwood Capital Group » UBS Wealth Management » U.S. Department of Defense

$200,000

» Assistant Vice President » Business Manager » Consultant » Controller » COO and Co-Founder

61%

PERCENTAGE OF GRADUATES ELIGIBLE FOR BONUSES RANGING FROM $10,000 TO $100,000+

» Director » Macro Trader » Project Accountant » Project Manager » Senior Analyst » Senior Associate » Senior Business Analyst » Vice President

INDUSTRIES » Consulting » Energy » Entrepreneurship » Financial Services » Government » Healthcare » Insurance » Law » Logistics and Supply Chain

4 out of 5 graduates changed jobs (either through an internal promotion or a position with a new company) between the time of admission and three months after graduation.

» Nonprofit Management » Technology » Transportation

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> CAREER

ENGAGEMENT

The MSF Program is designed specifically for busy working professionals. Those seeking to pivot in their careers need creative ways to gain additional experiences and develop new skills that will increase their employability. The MSF program offers innovative experiential learning opportunities to allow students to gain this experience while still employed full time.

MSF Consulting Clinic: Consulting is a highly desired field for MSF graduates. The MSF Consulting Clinic allows students to gain practical consulting experience while maintaining their full-time jobs. In summer 2016, teams of MSF students worked through a complex mergers and acquisitions scenario for Deloitte and provided executive-level briefings and recommendations to our company liaison, an MSF alumnus.

PeepTrade Challenge: In fall 2016, Georgetown MSF students were invited to participate in the first PeepTrade University Challenge, an investment competition that pitted MSF students against their peers from the University of Chicago, Dartmouth, INSEAD, London Business School, MIT, Princeton, and University of North Carolina. During the competition, the team met weekly and corresponded regularly. The competition concluded with an all-expense-paid trip to the University of Chicago where the student teams presented their strategy to a panel of judges and the other teams. â–˛ (Top) Members of the PeepTrade University Challenge Team with MSF administrators and faculty advisors.

(Left) Members of the inaugural MSF Consulting Clinic at Deloitte’s Arlington, Virginia, offices.

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CAREER PROFILES

Douglas Martin, MSF ‘15

Adi Hajrovic, MSF ‘17

Consultant

Senior Associate, Financial Management

DELOITTE CONSULTING

“The MSF program provided a strong foundation in financial concepts and, as it pertains to my work, a quantitative approach to problem solving.” »C URRENT CITY: NEW YORK, NY »H OMETOWN: BROOKINGS, SD »P RE-MSF CAREER: CONSULTANT AND PEACE CORPS VOLUNTEER

ERNST AND YOUNG

“During my recent job search, several employers indicated that my enrollment in the MSF program at Georgetown sent a signal to them that I was serious about excelling in finance. My enrollment in the program was among the top reasons that I was offered the position that I ultimately accepted.” »C URRENT CITY: WASHINGTON, D.C. »H OMETOWN: OAKTON, VA »P RE-MSF CAREER: CONSULTANT

Casey Minnick Sedlock, MSF ‘16 Associate Director, Wealth Management - Americas UBS

“The Georgetown McDonough MSF program gave me a better understanding of the mechanics and hard skills within the financial industry. When I interviewed for my current job, my ability to have educated conversations on a variety of financial topics — from corporate finance to real estate investing and corporate accounting — was an important testament to the quality and value of the program.” » CURRENT CITY: NEW YORK, NY » HOMETOWN: STAFFORD, VA »P RE-MSF CAREER: U.S. MARINE CORPS CAPTAIN

“ The remarkable success of MSF students has shown the way for the future of education at not only Georgetown McDonough but also premier universities around the world. We look forward to applying what we have learned from the MSF program to our other degree programs.”

PAUL ALMEIDA, PH.D., Deputy Dean for Executive Education

and Innovation, Professor of Strategy and International Business

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▲ The MSF Class of 2018 during the On-campus Residency in front of Georgetown University’s Healy Hall.

MASTER OF SCIENCE IN FINANCE

CONTACT US

msfadmissions@georgetown.edu www.msf.georgetown.edu @GeorgetownMSF Georgetown MSF GeorgetownMSF