Professor David Johnson will be speaking to ESA regarding the first 100 days of Trump Administration. The lecture will cover what has already been accomplished, future economics goals and the impacts of those policies.
The event will be held on Wednesday April 26th from 6-7PM in Social Sciences 6232
Q: Do you have any advice for finding and getting internships?
A: I am currently a first-year MBA student going through internship recruiting myself. This experience reminds me of what I went through a few years back when I was an undergraduate student at Wisconsin. To give you a little background information, I graduated in May 2012 with a double major in Finance and Economics. For some odd reason, I knew I wanted to work in investment banking before I even stepped foot on campus in Madison. With that goal in mind, I thought about what type of internships would best position me to achieve my goal of obtaining a job offer in banking upon graduation. I interned in the accounting department of a local company during the summer of my freshman year to gain some finance/accounting work experience. The following summer, I interned in the treasury department of a Fortune 500 company in Stockholm, Sweden, which provided me with international work experience on my resume. Because of my preparation, I was able to secure an internship in the mergers and acquisitions group at a large, multi-national investment bank in NYC the summer of my junior year, which ultimately led to a full-time position after graduation.
As I think back on my experience, here is some advice for finding and getting an internship:
1. Start the process early. While it is uncommon for you to know exactly what you want to do years before graduation, it never hurts to start thinking about that early and roughly plan out the steps you need to take. It can be as easy as listing what you want and don’t want in a job and start narrowing down your options from there.
2. Talk to your career advisor. I had a very helpful career advisor who was there for me every step along the way. She helped me strategize how to secure my summer internships, put me in touch with the right alumni, and supported me through the recruiting period. Be sure to leverage your career advisor’s help as you go through your internship recruiting.
3. Sometimes you don’t have to look far. I found my first two summer internships through family connections. It doesn’t have to be anything glamorous or impressive, you just need an opportunity to try out different types of work to help you figure out what it is that you are looking for.
4. Be willing to put yourself out there. I think Wisconsin students have an advantage over other schools because Badgers are not only smart and hardworking, but also have the social skills necessary to succeed. However, sometimes the Wisconsin degree is not as recognized as those from other schools. If that happens, don’t get discouraged. You need to prove to recruiters that you are just as qualified as the other candidates and willing to do what it takes to earn your spot. One way to do this is through networking. Talk to as many people as you can to learn from their experience and also convince them that you are the right fit.
– Lucy Hong ‘12
Meet WEYAC – Lowell Ricketts
Q: What is a brief description of your current job?
A: I am the senior analyst at the Center for Household Financial Stability (HFS for short) at the St. Louis Fed. I conduct economic research using data on household balance sheets to identify the economic and social outcomes of varying levels of savings, assets and net worth. I use statistical software (SAS, R, Matlab) on a daily basis to analyze large data sets from both public and private sources.
Q: What was your career progression?
A: After graduation I had the opportunity to work with Professor West as a summer research analyst, this helped me further develop my interest in economic research as a profession and strengthened my resume for similar positions at the various Federal Reserve Banks. I joined the research department at the St. Louis Fed in 2010, a little under a year after graduating. While there, I worked on a wide variety of research projects across many different fields of economics such as macroeconomics, monetary policy, econometric forecasting, and applied microeconomics. I joined HFS in October 2015 to focus my work on the study of household balance sheets as well as gain more experience communicating research findings to public audiences.
Q: Do you have any advice for current undergraduates?
A: If you’re reading this blog then I assume that you’re interested in or are currently studying economics. Excellent choice! A degree in economics can take you far along many different career paths. Try to ask yourself which is the best path for you and find ways to strengthen your skill set to make you competitive in the job market. If you’re looking to do economic research make sure you take the courses listed for the mathematical emphasis in the major. Also, be sure you have some experience with statistical software. The introduction to R programming class offered by Coursera is an excellent and free way to get ahead in that regard.
Q: What is your favorite social spot or bar in Madison?
A: I used to frequent Ram Head (Google tells me it is now called Sotto) before it was shuttered for serving one too many underage patrons. I assure you I was over 21! After that I loved to go to Essen Haus to split a boot with meine Freunde.
Q: What was your favorite class?
A: One of my favorite classes outside of the econ department was Astronomy 103: The Evolving Universe. Learning about evidence of the big bang, dark matter, and cosmology was a mind bending experience which still fascinates me to this day.
Q: What was the most useful class that you took at UW-Madison?
A: The most useful class was Econ 590: Tutorial in Research Project Design. For my research paper I studied the “superstar effect” in the NHL and found that hockey players accrue large rewards at the top of the performance distribution above and beyond what can be explained by their performance differential. This class was taught by Professor West and really shaped my career more than I ever could have imagined. It not only taught me a great deal about how to design and execute a research project, it also allowed me to hone nascent programming skills that I had started in Econ 410. I also had a wonderful group of peers to learn from, several of which now serve on ESAAC!
Q: What is your best interviewing/résumé tip?
A: Polish your resume and writing/research samples so that inconsistent formatting or more substantial issues with content don’t send your application to a recycling bin. With a hefty stack of resumes in front of them, hiring managers sometimes have to turn their attention to the little things to winnow the field of candidates. Be sure to reach out to alumni at potential employers and introduce yourself as a prospective applicant. Getting to know people, even if they aren’t directly involved in the hiring process, can be more helpful than you think. Take advantage of mock interviews and resume workshops, interview skills can be greatly improved with a little bit of practice.
Q: What is your best memory from being in Madison?
A: I fondly remember summers in Madison. Even though I worked full time I still enjoyed beers and popcorn on the terrace with friends, lounging on our back porch in the sun, and staying out late on state street. Madison is a special place, enjoy it to the fullest before you leave for whatever lay ahead!