Fantastic Diverse Class of Students Starting Fall 2016 in the Financial Mathematics Program

Message from the Director...

Fantastic Diverse Class of Students Starting Fall 2016 in the Financial Mathematics Program

Class of 2016-2017

I am excited to welcome the class of 2017-2018 to the Masters of Financial Mathematics. The largest reward for me comes from working with talented and motivated candidates. Students always come from a variety of backgrounds and countries. This year, the main countries of origin are China, US, and India, but Korea, Kyrgyzstan, Iran, and Malaysia are also represented.

While in NC State’s Financial Mathematics Program, you’ll learn synthesize theory with practice to analyze, quantify, manage and predict risks associated with financial instruments and price options, derivatives, and futures. Joining the MFM program means you’ll have a holistic educational experience, developing skills that enable a lifetime of personal and professional growth.

Huanying – Welcome – Swagat

Prof. Scroggs

Financial Math Job Shadowing Program- first event!

"In efforts to add more career development programs for Master of Financial Math (MFM) students, I developed a job shadowing program for selected students to assist with their career planning and goals.  Job shadowing experiences allow students to learn more about a particular career field of work and observe first-hand how professionals spend their day. Through informational interviewing, students are able to ask specific questions about career paths and jobs that they may (or may not) picture themselves working in the future. The job shadowing experiences also provides students the opportunity to network and develop important connections."- Leslie Bowman, Director of Career Services

Local Government Federal Credit Union (LGFCU)- First Financial Math Job Shadowing Employer

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(Left to Right- Xiaohong Chen, Jing Lan, Changyi He, Lei Mao - all May 2015 Graduate) In the Lobby at Local Government Federal Credit Union, Raleigh, North Carolina

In continuation of efforts to give students greater exposure to the real world, a visit to Local Government Federal Credit Union (LGFCU) was arranged by the Director of Career Services, Mrs. Bowman, with the help of Mr. Sander Casino, Vice President of Finance at LGFCU and Board Member of the Financial Mathematics program at NC State.

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Entering Local Government Federal Credit Union- Lobby

Four students  plus two Financial Math interns including myself (Priya), were eager to learn more about the banking industry; specifically, how credit union works. On our visit to LGFCU, we got the opportunity to have round table discussions with the Vice President of Investment and Vice President of Risk Management, along with Mr. Casino.

Mrs. Renee White, Vice President of Investments, started the presentation with an elaborate discussion on the credit unions’ investments. Her dedication to her job was evident and she inspired intelligent questions from the students. Answering each of the questions, she also gave an insight into what the future of the bond markets looked like.

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Mrs. Renee White's presenting the credit union's investments.

This was followed by a presentation on risk management by Mr. Gary Schuette, Vice President of Risk Management and Strategy. His passion for implementing the most optimum risk management techniques kindled an urge amongst the students to know more. Mr. Schuette graciously submitted to the student’s requests and explained his work and the field of risk management in further details.

Mr. Casino was present through the meeting to answer any further queries from the group. It was through his encouragement that the visit was made possible and he made sure that it was a success. Among the various topics he discussed, was the difference between commercial banking and credit unions. The spirit of community that credit unions inspire and the resulting model of sustainable banking through community involvement gave an insight into how fulfilling working at LGFCU must be.

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Mr. Gary Schuette's presentation on risk management. Mr. Sander Casino, MFM Board Member on the right.

As the meeting came to an end, we could not help but wish for further information and time with these seasoned professionals, who despite their busy schedules had been kind to allot time for the job shadowing visit. Thus, representing the very spirit in which LGFCU works.

In conclusion, the visit to LGFCU was insightful and helped all of us with our career plans. It was a valuable in-person learning experience. A few students in the group who envision working at LGFCU or a similar environment plan to keep in touch with Mr. Schuette, Mrs. White and Mr. Casino.

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Great visit with Local Government Federal Credit Union- thank you!

We are grateful to Mrs. Bowman, Director of Career Services,  Dr. Scroggs, Director of the Financial Math program and Mr. Casino and LGFCU for providing us this opportunity.

Written by- Priya Padher, May 2015 Graduate, Financial Math Intern