Similar to last year, the Logistics team will continue providing blog posts covering weekly recaps of our Educational Seminars, interviews with upper-years and industry alumni/professionals to provide clarity on different career landscapes, and in-depth research posts to offer insight on important concepts and world events.
Also, find below an interesting overview of the recent volatility in the SPAC market!
On August 29th, the WCM team presented an ‘Intro to Finance at Western’ where the Executive Team provided an overview of WCM and spoke to their experiences on navigating the financial services industry; you can find a recap below:
Recently, we were fortunate to speak with Justin Heo, a WCM, Western, and Ivey HBA alumnus who graduated in 2017. Justin was the Co-President of Western Capital Markets and a Head Analyst on the Western Investment Club. He spent two years working as an Investment Banking Analyst for Moelis & Company in their Los Angeles office. Before that, he completed an internship with Ashbridge Partners in Toronto. He is now working on the BizOps & Strategy team at Roblox in San Francisco. Justin had some great insights for navigating finance recruiting and spoke to his recent experience at Roblox —…
Authored by Hai Thu Luong, Julien Caron, Roberto Inigo Armena, and Timothy Ma, with guidance and editing by Daniel Novo
With the COVID-19 pandemic beginning in March of 2020 and rapidly growing at alarming speeds across the globe, economic activity was brought to a standstill as countries reacted with restrictions, lockdowns, and closure of travel. The economic damage and implications of this pandemic are immense and now, over a year after its inception, we are starting to see their effects. This post looks to analyze how various economic factors have changed, and posit a perspective as to what the…
Life & Work Principles
This week we went over life and work principles to keep in mind as we progress through our professional and personal lives.
One of the biggest challenges of a university student is figuring out where to spend your time. The panelists Caitlyn, Nick, Kailas, and Adil discussed the lessons learned from their extensive university involvement.
There were three key highlights about being a student:
This week we went over the key components of the buy-side, covering segments such as Private Equity.
Finance can be broken down into two main segments: buy-side and sell-side. The sell-side refers to firms that issue, sell, or trade securities. On the other side, the buy-side refers to firms that make investments or purchase securities in public and private companies. Private Equity (PE) belongs to the buy-side as firms purchase companies using investor capital and debt. PE firms aim to make operational improvements over their 3–10 year holding period before selling the company for a return.
This past month, the Black Students’ Association and Western Capital Markets hosted a speaker event featuring Jay Oduwole, a Vice-President in the Investment Banking group at TD Securities. The event began with an educational component followed by a discussion and Q&A with Jay.
Key topics covered in this discussion included an overview of the current racial wealth gap, the segregated economy, the impacts of capitalism on black communities, and how modern financial systems have catalyzed the wealth gap seen today. The speaker portion of this event, which will be the focus of this post, began with a discussion of Jay’s…
Authored by Amay Shenoy, Anne Fang, Benjamin Lee, and Oscar Yu, with guidance and editing by Conor Romano
In the year that’s passed since the declaration of COVID-19 as a pandemic, the market capitalizations of Big Tech stocks have soared. Our definition of Big Tech is FAANG (Facebook, Amazon, Apple, Netflix, and Alphabet/Google) plus Microsoft and Tesla. The combined market capitalization for just these seven companies is more than $6.5 trillion USD and together they make up about one fifth of the total market cap of S&P 500. …
This week we went over the world of quantitative investing, covering key concepts driving the strategies used by these firms.
What is Quantitative Finance?
It is also known as Mathematical finance. It refers to using computer concepts, applying statistics models, and mathematical models to make buying and selling decisions for us.
There are two types of quants that exists:
There are four main tasks for…
This week, WCM partnered with the Ivey Finance Club to provide first- and second-year students with a technical interview workshop, covering topics ranging from accounting to LBO questions. In this post, we’ll dive into some of the concepts covered in interviews with examples of common questions.
Question Format: How changes to a certain aspect of a company’s operations affect the company’s financial statements.
The three main statements are the Income Statement (IS), Cash Flow Statement (CFS), and Balance Sheet (BS), which is also the order in which they connect.
How do the statements link?
This week, WCM partnered with Ivey Finance Club to provide first- and second-year students with a behavioural interview workshop, discussing key behavioural questions and core tenets of good responses. In this post, we’ll dive into some of the most common behavioural interview questions and focus on key takeaways surrounding strong responses.
Tell Me About Yourself
Tell Me About Yourself is arguably the most common interview question, and the most important discussion in the interview. Your Tell Me About Yourself will be the first impression you give to your interviewer and sets the tone for the rest of the conversation. A…