FINANCE careerPOD
Students joining this cPOD are committed to participating in a finance-related function, whether it be at a financial services institution or across various industries as an internal finance role. This POD includes students interested in the following tracks:
Banking/Investment Management
Financial Services/Insurance
Corporate Finance/FLDP (Finance Leadership Development Program)
Click on one of the above areas to find potential Industries, Functions, Concentrations and Sample Job Titles within that area. Also included are Online Resources for the specific areas.
Once you learn more and decide to join this careerPOD you will have access to more detailed information and insights to these areas. To join the Marketing cPOD: log into Babson Career Connections and search for ‘careerPOD’. Apply to the Marketing cPOD for your graduation year.
Banking/Investment Management
Industries: Here are sample industries that students interested in banking/investment management might join. This is only a sampling of options available.
Not sure about the difference between banking and investment management?
Investment management is the selection of (usually) publicly traded securities for the portfolios of retail investors (e.g. mutual funds) and/or institutions (e.g. pension funds). Broadly speaking, the principal client of an investment manager is the investor.
Investment banking is the underwriting/issuance of publicly traded securities (e.g. stocks and bonds) or the facilitation of mergers and acquisitions. Broadly speaking, the principal client of an investment banker is the issuing or merging corporation(s).
The distinction between investment management and investment banking is made somewhat murky by the fact that most investment banks also offer investment management services. For example, most also maintain broker/dealer operations, make markets for securities, and offer advisory services to investors. At the same time, the differences in cultures and responsibilities between investment companies and investment banks can distinctly affect the nature of the work.
| Investment Bank | Private Equity | Private Banking |
| Fundamental Research Associate | Research Associate | Associate Financial Analyst |
Functions: Sample job titles.
| Analyst | Financial Analyst | IB Analyst |
| Sales & Trading Analyst | | |
| | | |
Concentrations to Think About:
| Finance | Computational and Mathematical Finance | Economics |
| Quantitative Methods | | |
Online Resources:
www.eFinancialCareers.com
www.americanbanker.com
Association for Investment Management and Research -
http://www.aimr.org/
www.toigofoundation.org
Financial Services/Insurance
Industries: Financial Services encompasses a large industry sector, but within it you can find companies of all shapes, sizes and cultures.
| Financial Services | Financial Planning | Insurance |
Functions: Only a Sampling
| Financial Advisor | Financial Analyst | Underwriter |
Concentrations to Think About:
| Finance | Computational and Mathematical Finance | Economics |
| Quantitative Methods | | |
Online Resources: Do your research on the various opportunities available.
www.toigofoundation.org
Corporate Finance/FLDP
Industries: Most companies house a Corporate Finance function. Larger companies have a rotational program often referred to as a Finance Leadership Development Program that allows you to see how finance operates in various areas of the company.
| High-Tech | Retail/Consumer Goods | Financial Services |
| Advertising | Consulting | Manufacturing/Defense |
Functions: Only a Sampling – Any type of position can be available in a retail company
| Finance Analyst | FLDP Associate | Finance Associate |
| | | |
Concentrations to Think About:
| Finance | Computational and Mathematical Finance | Economics |
| Quantitative Methods | Leadership | Global Business Management |
