“Meet our Financial Math Alumni Series”- Meet Yi Chao

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"Speak to people…Increase your network!"- Yi Chao, May 2015 Graduate

Yi Chao recently graduated from the Financial Math program in May 2015. She was an active student in our program as a Career Ambassador and Intern. While studying hard to be among the top of her class, she also took full advantage of all career development activities. Her hard work paid off as she received a full-time job opportunity to work at Maxpoint.

Yi Chao is currently working as a Product Analyst at Maxpoint in RTP (Research Triangle Park) in North Carolina. We are glad she took the time to share her experiences and advice to incoming, current and prospective students. Her interview below- by Preethi Kankanala

Why did you decide to get a Master’s Degree in Financial Math program at NCSU?

Yi Chao: I received a Bachelors in Applied Mathematics in China. While I was studying I always wanted to do something that can be applied to daily life situations. After taking courses Microeconomics, Econometrics and Game- Theory, I felt finance was the best direction for me to take as a career choice.

I was fascinated by real-time data, the movement of stock prices and how the daily market situations affect the price. With the Mathematics background I had, Financial Mathematics was the best field to choose.

How did the Financial Math program prepare you for your job?

Yi Chao: I took mostly statistic courses as I was interested in analyzing data. Also, I enhanced my programming skills after coming here. I did not have much programming experience before coming here, but after the Monte Carlo class, the assignments and projects in the course helped me improve my programming skills and I ended up with an A+ in that class.

Also it is very important to concentrate on all the courses equally, because you never know which one will help you more during the job search, so I put equal effort in all classes.

How was your experience with your summer internship at Altrius Capital?

Yi Chao: Working with Altrius Capital Investment company gave me a great hands-on experience on valuation and real world concepts behind trading. My project at Altrius included doing market research for a fixed income market trader. I used financial statements & balance sheets to analyze the different companies, and give suggestions to the trader.

The other project I worked on is more quantitative, using Morningstar software we transferred the data to excel and analyzed the data of public companies.

Can you explain more about your current job? And how is internship helping you for this job?

Yi Chao: I am now working in Maxpoint as a Product Analyst. My job mainly consists of market research, analyzing data, try to get insights from it and improve our product. My project is mostly done in Python. We use statistical models to analyze the data, find target users and serve advertisements.

From the surface, my present job and the internship projects seems to be different but at the core they are almost the same. The thinking method is similar by using quantitative methods to do research and solve problems.

Important to note, at work we give lot of presentations. My internship allowed me to enhance my soft skills and learn how to communicate better. I am now more confident in giving presentations in my current job.

What are the different position you have applied for the full time and how did you apply for those?

Yi Chao: I applied mostly for the Quantitative jobs, Risk Management and Data Analyst roles. Most of the jobs I have applied were through LinkedIn and Glassdoor. However, besides applying to jobs online, it is also very important to follow up with the application through the respective HR manager or with any alumni working in the same company (If there are any).

How did the career fairs help you?

Yi Chao: Career fairs gives you a lot information. You will get to know the companies and the different positions they offer. It is the best place to network and market yourself. Many job requirements ask for 3-5 years of experience in any of the programming languages, but if you show you have great analytical and problem solving skills and learn quickly, there is a chance they may hire you. It helps to be confident in the skills you have.

What are your suggestions for the current and future students?

Yi Chao: The main advice I would like to give to the students is, network with the people, do not let your fear or inhibitions to take a back step on this. There is never a harm if you speak to people, only good happens. Keeping aside about job, you will get to know lot of information from their experience. Also contact people through LinkedIn. I talked to lot of Financial Math Alumni and learned a lot from them. I also got a few interview calls because of my network.

Grasp every opportunity to talk to people, professors, alumni and people coming from industry. Keep looking for what you are interested in because that is what gives you the passion to learn or work. Push yourself to be the best you can and then you will know your potential.

Regarding jobs and internships, make sure you start applying as early as possible and make a very good resume, and be clear on each and everything that is written on your resume.

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Thank you Yi! We appreciate your time and advice.