Spring Newsletter | April 25, 2023 |
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Babson College is known for entrepreneurship, but did you know that almost a third of undergraduate students graduating from the class of 2022 were hired by the financial services industry? In addition, those finance students' average salary is higher than the average of the entire class of 2022!
As for the graduate school, students from Babson’s Master of Science in Finance (MSF) program saw an increase in annual U.S.-based salaries at $90,335, up 20 percent from 2021, and 100 percent of job-seeking graduates found work within six months of graduation—the highest rate in the past five years.
Congratulations to the class of 2022 on these incredible milestones! The Cutler Center is looking forward to continuing our support of our finance students at Babson College!
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Distinguished Speaker Series with Jean Hynes |
In partnership with the Babson Scholars of Finance, the Cutler Center welcomed Jean Hynes of Wellington Management to campus for a candid discussion as part of our annual Distinguished Speaker Series. Ms. Hynes is one of five female CEOs among the top 20 asset management firms and is the recipient of numerous industry awards, including Barron’s 100 Most Influential Women in U.S. Finance and 100 Women in Finance’s North American Industry Leadership Award. Special thank you to Bruce Herring ’87, P’19 for moderating the conversation.
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Expanding Diversity, Equity, and Inclusion in the Commercial Real Estate Industry |
The Real Estate Program and the Cutler Center hosted a panel discussion with industry leaders about expanding diversity, equity, and inclusion (DEI) in commercial real estate (CRE). The group discussed initiatives and opportunities to continue to move the needle on expanding DEI in the CRE industry, explored potential career paths for students, and shared their expertise about the CRE market outlook and trends in 2023. Special thank you to our speakers: Patrick Kimble, Anthony Noble, Amanda Strong ’87, Lisa Strope, and our moderator Assistant Professor of Practice, Erin Degnan Escobedo.
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BCF Celebrates 25 Years in 2023 |
Twenty-five years ago, four graduate students looking to revive an investment club on campus partnered with a finance professor in conjunction with college trustees to allow students to manage a portion of the college's endowment. This was the beginning of the Babson College Fund, a two-semester accredited course where the portfolio now stands at $4.5 million.
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Financial Modeling Workshop
During the spring semester, 32 undergraduate and graduate students spent a full-day in the Cutler Center finance lab participating in the Gutenberg Research Financial Modeling Bootcamp. The session offered an exciting real-world, real-time financial modeling experience. Participants built a three-statement model for Starbucks Corp. ahead of the quarterly earnings release. The course was taught by John Moschella, who has spent the last 15 years analyzing companies in various capacities.
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Python Workshop
The Cutler Center partnered with Toze Francisco of The Marquee Group to offer professional development training using Python for Babson students. During this hands-on workshop, participants gained the skills needed to develop programs to solve typical financial problems. Participants were introduced to best-practices to clean, analyze, and visualize financial data. This training was specifically designed for business and finance professionals, with the course being offered at many financial firms around the world.
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Babson Wins Local CFA Institute Research Challenge |
Babson College won CFA Society Boston’s local research challenge for the third consecutive year and the fifth time in the last seven years. The team also advanced to compete in the virtual Sub-Regional competition, which featured 16 other schools from the Americas in an effort to advance to the Regional Finals. Sponsored by the Cutler Center, the team was comprised of undergraduate students Peter D’Ambrosio ‘24, Arya Patel ‘24, Nathan Watts ’23, and Joyce Wang ’23. The team was supported by faculty advisor Patrick Gregory, CFA, and industry mentor David Wellinghoff MBA’07.
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Social Trade App Launches
Manraj Bains ’24, CEO and Founder of Social Trade Inc., has officially launched the Social Trade app, which is now available for download from the Apple app store.Social Trade is designed to be a comprehensive and interactive platform that addresses key challenges and opportunities in the finance industry. By providing advanced financial data and tools and connecting with top traders and experts, Social Trade helps users stay informed and up-to-date on the latest market developments and trends.
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Johnson Runner-Up at B.E.T.A. Challenge
Curtis Johnson '23 is a full-tuition scholarship recipient at Babson College and proudly served as the President of the Babson Black Student Union. He has made it his mission to increase the visibility and attainability of financial services and advisory careers for Black Americans. To that end, Johnson co-founded Wall Street Connection in 2022 with Christopher West '18; they aim to decrease the black-white wealth gap and to eliminate the continued lack of equal and efficient access to financing for the Black community.
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Congratulations to all our finance students graduating in May! A special thank you to our Cutler Center finance lab student assistants who are graduating and have secured jobs in the industry! |
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SAVE THE DATE: September 22, 2023 |
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Babson College will be hosting its annual Back to Babson weekend September 22 - 23, at the Wellesley campus. Please save the date for the following finance events on Friday, September 22:
- Finance Career Panel
- Babson College Fund 25th Anniversary Alumni Reception
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