Bermont-Carlin Scholars Program Helps Position Undergraduates for Careers in Finance
October 28, 2009
A select group of undergraduate business students had the opportunity to participate in a four-day trip to New York City to experience and observe Wall Street firsthand in October. The trip, made possible through the Bermont-Carlin Scholars Program, included visits to JP Morgan, UBS, Merrill Lynch Citi Group, and Morgan Stanley, as well as eight other firms. Student gained insight from industry experts about the troubled U.S. economy and got an up-close view of what it is like to work on Wall Street.
“Getting the opportunity to go within the firms and put faces to the companies and people you read about on Wall Street has really given me a whole new perspective,” said Michael Natalizio, a junior majoring in finance and accounting. “We had the opportunity to interact personally with someone from just about every firm. After listening to a short presentation, we often had time to network with current employees on an individual basis. It was at these times that we were able to get real answers from young analysts that were in our position just a few years ago.”
Another highlight of the trip was visiting JP Morgan’s trading floor – a wide open space with dozens of trading stations - and witnessing the action that goes on there.
“I found the trading floor fascinating,” said Brittany Olerio, a junior majoring in international finance and marketing and minoring in accounting. “The trading floor showed me how exciting finance can be. The atmosphere was tense, stressful but exciting and the traders seemed to be on an adrenaline rush.”
Now in its second year, the scholarship program was established by prominent wealth managers and civic leaders Adam E. Carlin and Richard B. Bermont, senior partners of the Coral Gables-based The Bermont/Carlin Group at Morgan Stanley Smith Barney.
“The Bermont-Carlin Scholars Program goal is to reward the most outstanding students from the School of Business for their hard work and dedication with an opportunity to further their understanding and expand their business contacts through practical, real world experience and key introductions,” said Carlin.
Sophomores interested in pursuing careers in investments are invited to apply for the Scholars program during the spring semester. After the participants are selected, they complete a research project over the summer in addition to preparation sessions in September before going on the trip.
“I think any student who has a chance to participate in this program should jump on it,” said Olerio. “Not only did I learn a lot about the finance industry, I met incredibly intelligent people and got to learn a lot about them and their backgrounds. Hearing a UM alumnus who just graduated a few years back talk about closing the largest IPO in Latin American history a few days before meeting us is an experience you cannot gain in a class lecture.”