Today was the interview for ADL. I received a phone call at around 5, but I wasn't able to pick it up, so I called back around 6:15 on my way home from my last day at Woori. She told me I had an interview scheduled for 8:40 at Samsung station, which is about..more than an hour from home. Did I have a choice? No, I don't think so. So I told her "yes," and rushed home.
As soon as I got home, I knew I had to eat, but I also needed to find out information about ADL.
I had almost no clue what kind of company it was, other than the fact that it was a consulting company. Also, since I barely had any information on companies, I was basically lost.
I arrived at home around 6:30, and I had to get out by 7 in order to make it in time. I didn't want to be late. As I ate, I sat in front of the computer, hoping to catch a bit about ADL before heading out to the place for my interview.
Turns out the trip to Samsung took around 80 minutes, so I arrived at 8:20. 20 minutes before my interview. Problem was, I still had no idea what kind of company ADL was. All I could do was pray on the way to Samsung. Pray that I would get there on time, pray that I would know what to say, pray that He would give me words to say.
As soon as the interview started, I could not help but be very tense. I knew nothing, and I guess that's why I was so tense. Turns out the other applicant that interviewed with me was also from Handong!! What a small world.
Here is something I can learn about the interview:
Some of the questions he asked, and the answers he gave as well.
1. What is consulting?
I said that consulting was evaluating the problems of companies and giving suggestions for the future or how to solve the problem. I had not really thought about or researched about what consulting really was. Just said what I had heard or assumed from Prof. Abraham.
2. If you were given 10 binders of 200 pages of data, that had to be summarized by the next morning, what would you do?
I said that I would look on the internet for quick data.
He then asked, then the consultant will get mad that you didn't summarize the data that you gave him.
The other applicant said, she would also look on the internet for translated documents, that were siginificant for that company/industry and summarize those. She also said she would look to her friends for support, sharing some of the load with them.
He didn't seem so happy with any of our answers, but then again, he wasn't happy with any of our answers..:S
3. If the consultant asked for a certain type of data, but I wasn't able to find it in the given time, what would I do?
The other applicant said that she would tell the consultant that she wasn't able to find the data, but would also give him some other relevant data.
I said I would just be honest and tell the consultant I was sorry, but that I wasn't able to find the data yet.
The interviewee said that our answers were both wrong. In some cases, there are times when the RA/Intern is unable to find the data that the consultant needs. But what the Intern needs to do is find out other methods to find the data and present the consultant with that. For example, if the intern is unable to find the data on the internet, then he/she may be able to search databases, catalogs, newspapers, journals, or other companies for the needed data.
The other applicant also mentioned that she would call other companies that she knew had the data or access to the data to be able to get the data. In response to this, he said.
"What is that company refuses to give you data. What will you do?"
She said, she has never really been through that. The interviewee said that the best answer, or what we have to do in that case is to go there in person, and meet the person in charge. In other words, do whatever possible in order to get the data.
4. What do you know about ADL?
Again, since I had basically no time to prepare for the interview, I had nothing to say.
All I said was the ADL was the first consulting company, and ranked as one of the top 50 consulting companies.
He said, if you don't know anything about this company, that's ok, but then you need to ask questions.
5. Any questions regarding this internship or ADL?
I asked how many people were assigned to one project. He said 4 people. But he was planning on hiring 2 to 3 interns to help with the workload. He had already picked one and was planning to hire 1 or 2 more.
The other applicant asked what industry or field this project was in. He said that he couldn't tell us in detail because he had not hired us, and it would not be appropriate, but did mention that it was in the field of exterior environments.
Having to do with clients and companies and strategy. Didn't quite catch all of it.
She then asked how hard the workload would be.
He replied that we would have to be there by 8:30 to 9 in the morning, and would probably finish around 12 midnight.
Hmmm....gotta think about that one. Will only last for 7 to 8 weeks though....
Honestly, when I first received the call to come for an interview, I was ecstatic. I thought that it was God's answer to my prayers. Something I had never expected, yet God was allowing it because He was telling me that it is not I that allows things to happen, but Him.
But after the interview, and during the interview, I felt to incompetent. I had no idea what consulting was about, and I was still a college student, while the other was a grad student. I don't know why God even allowed me to take an inerview with ADL. What does God have to teach me through it?
I wasn't sure. I'm still not sure.
But so that this can last as an experience, I have written all that I can remember from my interview.
Perhaps at my next interview, I can prepare more, and keep these things in mind as I prepare.
I can do it, God can do it. He will be my help.
Monday, March 31, 2008
Thursday, March 27, 2008
Investment Banking: Job Options
Refer to site below:
http://blog.naver.com/ekzpro?Redirect=Log&logNo=60008476255
It sucks, the person who's blogged this has locked the text so it cannot be copied.
Drats.
Oh well, thank you for the good info anyway..
http://blog.naver.com/ekzpro?Redirect=Log&logNo=60008476255
It sucks, the person who's blogged this has locked the text so it cannot be copied.
Drats.
Oh well, thank you for the good info anyway..
Tuesday, March 25, 2008
Why?
Why am I so nervous?
Why am I a wreck?
Have patience.
Have faith.
He won't leave you.
He won't forsake you.
Trust.
Have peace.
The peace that no one else can give.
Why am I a wreck?
Have patience.
Have faith.
He won't leave you.
He won't forsake you.
Trust.
Have peace.
The peace that no one else can give.
Fixed Income
A Fixed income is any investment that yields a regular(fixed) return.
i.e. Paying interest on borrowed money is a fixed-income security.
But when a company borrows money, it is called a bond or corporate bank dept. bonds have high risk.
Notes/bills have lower risk because they are money borrowed by the government.
The term 'Fixed income' may also be used to refer to a person's income that does not change.
i.e. Pension payments, dividends from preferred stock investments.
The principal of a bond is the amount that is being lent.
The coupon is the interest that will be paid.
The maturity is the end of the bond, the date that the amount must be returned.
The issuer is the entity (company or govt.) who is borrowing the money (issuing the bond) and paying the interest (the coupon).
The issue is another term for the bond itself.
The indenture is the contract that states all of the terms of the bond.
i.e. Paying interest on borrowed money is a fixed-income security.
But when a company borrows money, it is called a bond or corporate bank dept. bonds have high risk.
Notes/bills have lower risk because they are money borrowed by the government.
The term 'Fixed income' may also be used to refer to a person's income that does not change.
i.e. Pension payments, dividends from preferred stock investments.
The principal of a bond is the amount that is being lent.
The coupon is the interest that will be paid.
The maturity is the end of the bond, the date that the amount must be returned.
The issuer is the entity (company or govt.) who is borrowing the money (issuing the bond) and paying the interest (the coupon).
The issue is another term for the bond itself.
The indenture is the contract that states all of the terms of the bond.
Sunday, March 23, 2008
공모전
제1회 대학생 영어 물류논문 공모전
The 1st College Student Logistics Thesis Contest
● 공모일정 - 논문접수마감: 2008년 3월 31일 (월) [당일 소인분 까지 유효]
● 공모대상 - 2년 및 4년제 대학 재학생 및 휴학생 (공동집필시 4인 이하)
● 논문주제 - 국내 물류 기업의 국제 물류 경쟁력 강화 전략
- 제조기업의 물류 아웃소싱 전략과 물류 기업간 전략적
- 제휴 구축방안
물류기술 발전에 따른 물류기업의 신사업 모델
물류기업의 3PL, 4PL사업 활성화 방안
신기술 (RFID, Ubiquitous, Logistics systems 등)의
- 물류 적용 성공 사례 연구
물류서비스를 통한 고객만족 경영
우리나라 국가 물류 경쟁력 강화방안
기타 물류와 관련된 다양한 주제 중 택 1
● 응모요령 - 논문분량: 논문 요약서 포함하여 A4용지 15~20매 분량
- 제출서류
논문원본
논문요약본 (A4 2매)
재학증명서 원본
지원자 프로필 (이름, 주민번호, 대학명, 학번, 졸업예정년도, 연락처
(휴대전화 또는 연락가능 전화번호, 이메일, 주소), 지도교수명 기입)
- 제출서류는 우편을 통해서만 받습니다. (e-mail이나 방문접수는 받지 않습니다)
● 평가항목 - 독창성/전문성/체계성/논리성/활용성의 5가지 분야에 대한 평가
● 논문심사발표 및 시상
- 2008년 4월 7일 (월)까지 개별통보 및
인하대학교 아태물류학부 홈페이지 (apsl.inha.ac.kr/) 게재
- 우수논문 시상 : 2008년 4월 12일 (토)
● 접수처 - (402-751) 인천광역시 남구 용현동 253번지 9호관 114호
아태물류학부 행정실
● 문의처 - 김민성 교수 : minskim@inha.ac.kr (032-860-8434)
아태물류학부 물류특성화사업단 : cherry0829@inha.ac.kr (032-860-7239)
Thursday, March 20, 2008
"연봉 10만달러, 영문에디터 모십니다"
The demand for English editors are on the rise. Korean investment firms are finding the need to put out English versions of their company analyses, because of the vast increase in foreign investors.
The problem is, there is a greater need for editors who can edit these reports. There are many who can speak English, at least enough to communicate with these investors, but few who are good enough to edit the poorly written reports.
Companies are are willing to pay up to 100 million won ( 100,000 USD or 1억 ) for individuals who have good writing skills and editing skills, with basic knowledge in investment/financing.
It's not just enough to know the language, but to be able to have the professional knowledge as well.
At 우리투자증권, there are currently 3 english editors, David Kwak, Jason Rhee, and Jaime. Jaime is the only foreigner although Jason and David are both 재외 (as in they really aren't good at Korean and probably spent their whole lives abroad). 1억 means.. excluding a 3% tax (맞나?) about 8백만원 per month..
Here is the article. Look below.
증권사 리서치센터, 외인 투자자 위한 영문 분석자료 대폭 강화
영문 에디터를 구합니다. 연봉 10만달러 수준 가능합니다" 시장이 활황을 보이면서 외국인 투자자들의 국내 기업 분석자료에 대한 수요가 늘어나고 있다. 이에 따라 증권사 리서치센터는 영문 분석자료를 대폭 강화하고 있다. 하지만 유능한 영문 에디터를 구하지 못해 발을 동동 구르고 있는 실정.
대형 증권사 한 리서치센터장은 "한글로된 보고서를 동시통역대학원 졸업생을 통해 영문으로 번역하지만 이는 완벽한 영어라고 볼 수 없다"며 "용어가 전문적인데다 한글을 그대로 옮겨놓은 것에 불과하기 때문"이라고 말했다.
그는 "외국 펀드매니저들이 빠르고 쉽게 이해할 수 있는 의역이 필요한 데 이를 해줄만한 인재를 구하기가 매우 어려운 실정"이라고 덧붙였다.
업계에서 이같은 능력을 가진 영문 에디터는 손에 꼽을 정도라는 것. 한 증권사는 외국 통신사에서 근무했던 기자출신을 에디터로 영입했다고 귀뜸했다. 통신사 업무의 성격상 글을 이해하기 쉽고, 정확한 의미전달이 가능한 글을 쓸 수 있기 때문.
업계 한 관계자는 "외국 통신사나 국내 영자신문에서 기자생활을 한 경우에는 리서치센터 영문에디터로 적임"이라며 "특히 경제분야에서 일한 경우에는 경제나 증권산업에 대한 이해가 높기 때문에 안성맞춤"이라고 말했다. 그는 "영자신문 기자중에 영문 에디터를 할 사람이 있다면 적극 추천해달라"고 덧붙였다.
한 리서치센터장은 "여름휴가차 미국에 다녀올 한 직원에게 적합한 영문에디터 발굴을 부탁해 놓았다"며 "연봉은 10만달러 수준을 제시했다"고 말했다.
출처: 머니투데이 김유경 기자/ 07/04 / http://www.moneytoday.co.kr/view/mtview.php?type=1&no=2007070410540891862&outlink=1
The problem is, there is a greater need for editors who can edit these reports. There are many who can speak English, at least enough to communicate with these investors, but few who are good enough to edit the poorly written reports.
Companies are are willing to pay up to 100 million won ( 100,000 USD or 1억 ) for individuals who have good writing skills and editing skills, with basic knowledge in investment/financing.
It's not just enough to know the language, but to be able to have the professional knowledge as well.
At 우리투자증권, there are currently 3 english editors, David Kwak, Jason Rhee, and Jaime. Jaime is the only foreigner although Jason and David are both 재외 (as in they really aren't good at Korean and probably spent their whole lives abroad). 1억 means.. excluding a 3% tax (맞나?) about 8백만원 per month..
Here is the article. Look below.
증권사 리서치센터, 외인 투자자 위한 영문 분석자료 대폭 강화
영문 에디터를 구합니다. 연봉 10만달러 수준 가능합니다" 시장이 활황을 보이면서 외국인 투자자들의 국내 기업 분석자료에 대한 수요가 늘어나고 있다. 이에 따라 증권사 리서치센터는 영문 분석자료를 대폭 강화하고 있다. 하지만 유능한 영문 에디터를 구하지 못해 발을 동동 구르고 있는 실정.
대형 증권사 한 리서치센터장은 "한글로된 보고서를 동시통역대학원 졸업생을 통해 영문으로 번역하지만 이는 완벽한 영어라고 볼 수 없다"며 "용어가 전문적인데다 한글을 그대로 옮겨놓은 것에 불과하기 때문"이라고 말했다.
그는 "외국 펀드매니저들이 빠르고 쉽게 이해할 수 있는 의역이 필요한 데 이를 해줄만한 인재를 구하기가 매우 어려운 실정"이라고 덧붙였다.
업계에서 이같은 능력을 가진 영문 에디터는 손에 꼽을 정도라는 것. 한 증권사는 외국 통신사에서 근무했던 기자출신을 에디터로 영입했다고 귀뜸했다. 통신사 업무의 성격상 글을 이해하기 쉽고, 정확한 의미전달이 가능한 글을 쓸 수 있기 때문.
업계 한 관계자는 "외국 통신사나 국내 영자신문에서 기자생활을 한 경우에는 리서치센터 영문에디터로 적임"이라며 "특히 경제분야에서 일한 경우에는 경제나 증권산업에 대한 이해가 높기 때문에 안성맞춤"이라고 말했다. 그는 "영자신문 기자중에 영문 에디터를 할 사람이 있다면 적극 추천해달라"고 덧붙였다.
한 리서치센터장은 "여름휴가차 미국에 다녀올 한 직원에게 적합한 영문에디터 발굴을 부탁해 놓았다"며 "연봉은 10만달러 수준을 제시했다"고 말했다.
출처: 머니투데이 김유경 기자/ 07/04 / http://www.moneytoday.co.kr/view/mtview.php?type=1&no=2007070410540891862&outlink=1
Global Economy - June Park 3/20/08
Things that will improve the macro environment:
1. US stimulatory measures must yield tangible results.
stimulatory measures include rate cuts, tax rebates. These measures are already yielding positive results.
2. Decreased fear of US downturn.
3. Stabilization of Fed Fund Rates
4. Weak dollar trend and increase in commodity prices will have to reverse.
5. Decreased inflationary pressures in China
6. Increased confidence in the global economy.
If these things happen in this order, economists (or at least June Park of WIS) believe that the Korean economy will take a turnaround. When we look back at history, there have been 3 instances when the Korean stock market took a major turnaround. It was in 1992, 1998, 2001, and 2003. Many things that happened before the turnaround are happening right now, except abundant liquidity.
They are estimating that the macro variables will turn positive around May, which is only 2 months ago, or at least from the 3Q..
American economists and strategists are busy selling off their shares and investments because they believe that the worst is still to come. What or where are Korean analysts getting their data? It's almost completely different. Everyone in Korea are out to buy more stocks. All the analyst reports of companies are encouraging investors to keep buying stocks, that stock prices will rise in the near future. If you take a look at FnGuide, where there is a database of company analyst reports, it's full of BUYS.
Who will reap the benefits or consequences of our economy?
Who is right, the foreign or Korean analysts? Probably the foreign ones..
But if that's true, what is their basis for all this....
If the economy really keeps going down, Korea will be receive a big blow..all the investors nationwide will suffer.
1. US stimulatory measures must yield tangible results.
stimulatory measures include rate cuts, tax rebates. These measures are already yielding positive results.
2. Decreased fear of US downturn.
3. Stabilization of Fed Fund Rates
4. Weak dollar trend and increase in commodity prices will have to reverse.
5. Decreased inflationary pressures in China
6. Increased confidence in the global economy.
If these things happen in this order, economists (or at least June Park of WIS) believe that the Korean economy will take a turnaround. When we look back at history, there have been 3 instances when the Korean stock market took a major turnaround. It was in 1992, 1998, 2001, and 2003. Many things that happened before the turnaround are happening right now, except abundant liquidity.
They are estimating that the macro variables will turn positive around May, which is only 2 months ago, or at least from the 3Q..
American economists and strategists are busy selling off their shares and investments because they believe that the worst is still to come. What or where are Korean analysts getting their data? It's almost completely different. Everyone in Korea are out to buy more stocks. All the analyst reports of companies are encouraging investors to keep buying stocks, that stock prices will rise in the near future. If you take a look at FnGuide, where there is a database of company analyst reports, it's full of BUYS.
Who will reap the benefits or consequences of our economy?
Who is right, the foreign or Korean analysts? Probably the foreign ones..
But if that's true, what is their basis for all this....
If the economy really keeps going down, Korea will be receive a big blow..all the investors nationwide will suffer.
Friday, March 7, 2008
Companies to apply for..
So far in Dualbank..
the companies that I can, and should, apply for are..
-UBS
-Merrill Lynch & CO., Inc.
-Credit Suisse
-Oliver Wyman
지선언니 opened the Yeonsei career page so that I could take a look at the internships posted there, but it seems that a lot of them do overlap. It's a good thing I found Dualbank.
Well, let's look more into these companies that I've found.
UBS
-UBS AG is headquarter in Switzerland. It is the largest manager of private wealth assets,
and the 2nd largest bank in Europe.
-It's global business groups are Private banking, Investment banking, and Asset management.
the companies that I can, and should, apply for are..
-UBS
-Merrill Lynch & CO., Inc.
-Credit Suisse
-Oliver Wyman
지선언니 opened the Yeonsei career page so that I could take a look at the internships posted there, but it seems that a lot of them do overlap. It's a good thing I found Dualbank.
Well, let's look more into these companies that I've found.
UBS
-UBS AG is headquarter in Switzerland. It is the largest manager of private wealth assets,
and the 2nd largest bank in Europe.
-It's global business groups are Private banking, Investment banking, and Asset management.
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