Monthly Archives

May 2020

Six Questions with Noah Haverlock

By Curiosity, Impact No Comments

Six Questions with Scholars of Finance is a series intended to highlight the thoughts and lives of our students at Scholars of Finance. In the series the students are simply asked six questions which we think embody the SOF experience and their answers are shared right here on the Scholars of Finance blog. In the first edition of Scholars of Finance we had the pleasure of sitting down with Noah Haverlock, a graduating senior at the University of St. Thomas in St. Paul, MN. If you are a student and would like to be featured in a segment of Six Questions with Scholars of Finance, please reach out to Jake Kranz via email.

What school do you go to?

University of St. Thomas Class of 2020

Do you have any employment plans in the near future?

I will be joining Chartwell full-time as an ESOP(Employee Stock Ownership Plan) Analyst.

Could you tell me a little bit about your experience with Scholars of Finance so far?

It’s been a long leadership journey for me so far. I’ve been involved with SOF for three years and started as a member of the symposium team in a minor role. From there I wanted to take on more of a leadership role and slowly worked my way up the ranks until I became the president of the chapter this last year. As a part of my role this year I had the opportunity to facilitate the LDP and it was very fulfilling seeing the participants grow. 

What is your favorite memory from Scholars of Finance so far?

My first symposium was a big memory especially since I was able to help out behind the scenes. That was the 2018 Symposium back when I was a sophomore. I didn’t know what it would feel like being a part of the leadership team pulling the event together, but it was really cool being a part of something that big.

What’s the most valuable lesson you’ve learned from Scholars of Finance?

It’s important to think about your values and bring them top of mind before you enter your career. Even if we don’t encounter ethical issues now, we will encounter them in the future. Knowing your values and having a line in the sand to guide you is huge.

If you could tell the next generation of SOF students anything – what would you tell them?

DIVE IN! You’ll get out of SoF what you put in and if there’s anything you’d like to learn about, or any skills you’d like to develop – you can – just ask around. Also, be sure to take advantage of the Speaker Series events and stay in contact with your mentor(s).

Control the 90%

By Courage, Curiosity No Comments

“Lately, the Charles R. Swindoll quote, ‘life is 10% what happens to you and 90% how you react to it,’ has really resonated with me.”

 

A few months ago, I received an internship offer from a company that I have loved for years and was going to be traveling across the country to a place I have always dreamed of living. Unfortunately, with everything surrounding COVID-19, they had to cancel their internship program due to budget cuts. When I got the news, to my surprise, I was relatively calm. Was I disappointed? Of course! This had been a dream of mine for the past few years and just like that, it was gone. However, I kept telling myself to keep things in perspective.

At this point, allowing my attention to gravitate towards everything beyond my control would do me no good. Instead of allowing negative thoughts to creep in, like “why does this have to happen to me”; “I don’t deserve this”; or “I wish I could catch a break”, I repositioned my thinking: what do I have direct influence over? From what I’ve learned in life so far from coaches and mentors of mine, I can only control two things: my attitude and my effort. With this mindset, everything was much simpler and I was able to think clearly.

As Mr. Swindoll was getting at, outside of these two things, I cannot control anything else. When unfavorable events occur, rather than centering your attention on the event itself and its negative impact, consider how you can move forward. This mentality has helped eliminate a lot of the stressors and negative thoughts I previously possessed. So many situations in life are out of our hands, but, at the same time, those in which we can control have a drastic influence on the way we see our world and the impact that we can make in it.

In the weeks and months ahead, my ask of you is to focus on what you can control. In simplest form, it’s your attitude and your effort. Inevitably, unfavorable and adverse times will occur in your life. Accepting that these events will happen and only focusing on things in which you have direct influence over is powerful. Control the 90%.

 

“Life is 10% what happens to you and 90% how you react to it” – Charles R. Swindoll

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Brandon Schmidt is a member of the Minneapolis Chapter of Scholars of Finance. Brandon is currently a sophomore at the University of St. Thomas and is majoring in Operations & Supply Chain Management with a minor in Data Analytics at the Opus College of Business.

Finding The Leader Within

By Curiosity, Humility No Comments

“Um… I-” I stuttered as my interviewer raised his eyebrow at me. I felt the heat rising to my face slowly until words clumsily stumbled out of my mouth, barely coherent. It was transparent to the four upperclassmen in the room grilling me that I was grossly underprepared. The next hour crept by, each question stinging me harder than the latter. My lack of knowledge was apparent. Finally, the hour was up, my torture was over. I gathered my resume and stumbled out of the room, frustrated. It was the first month of business school and I was already struggling.

As the elevator lurched down to the lobby of Stern’s Tisch Hall and screeched to a halt, I held back my tears. How was it that I was so unprepared? Why did they expect me to know all these advanced questions for a club interview? What are technicals?These questions continually circled through my head, especially when listening to my friends detail their positive interview experiences later that day in the dining hall. They laughed, sharing the inside jokes and connections they had already made with their interviewers while I dejectedly slurped up my Jamba Juice smoothie through a drenched paper straw. It was clear to me that I had no idea what breaking into business, tech, or finance entailed. Going to Stern, I thought the next four years were going to be a piece of cake. I was going to learn everything I needed to in class, and magically secure my dream job, touting my business school’s name at every major firm. In an hour, my mindset shifted from overconfidence to anxiety. How was I going to get a job if I couldn’t even get into a club at Stern? What do I need to learn and by when? How does everyone already know everything?

The anxiety persisted throughout my first month of college. I had only applied to and got rejected from one club, and had no direction with how I should be developing myself professionally. I turned to LinkedIn, scouring upperclassmen profiles, figuring out how to get involved, remain proactive, and abate my consternation. One day, when I thought all hope was lost, I received a message from Trent Madill, Chief of Staff Intern, reaching out to me about an organization called Scholars of Finance and the opportunity to co-found an NYU chapter. Thinking it to be a spam message, I checked the link attached to see the legitimacy of the website. Shocked by its extensiveness, I messaged Trent back, indicating my interest. My interview was lined up within the week, and this time, I was determined to be overprepared. Reading through the key tenets of Scholars of Finance, I was instantly drawn to the mentorship aspect. I needed guidance on how to navigate the complex world of finance and all it had to offer.

As I sped through the interview and onboarding process, it became evident that Scholars of Finance was an organization that would prioritize my professional needs and growth. The open conversations I had with our CEO, Ross, and our National Management Interns, Jake, Trent, and Mason, all gave me a platform to pitch myself confidently to the organization while being candid about my struggles and lack of knowledge. As elections for the NYU chapter rolled around, I knew I wanted to become as involved as possible, so I ran for President and had the privilege of being elected. Unfortunately, I was under the impression that becoming elected would be the hardest part when in reality, the arduous challenges were yet to come.

Having had extensive leadership experience in high school, I anticipated I already knew everything there was to know about leading and managing people. However, my first month as President was a complete disaster. My inability to properly delegate work and empower others to complete it became painfully obvious. My Slack Direct Messages were filled with feedback from my fellow leadership team members explaining how they felt out of the loop and unable to actually complete any work, and as I took over major initiatives, I left little room for collaboration. As this continued, I quickly became bottlenecked by all the work I needed to complete, resulting in the poor organization and execution of our programs. It was only when I spoke candidly to Ross that he identified the underlying issue. “Leadership is not about doing everything yourself. It’s not about controlling or forcing others to do it either. The best leaders empower others to reach their full potential and don’t have to lift a finger themselves.” I cried as Ross continued (I wish I could say that was the first and last time), because, deep down, I knew he was right. I needed to grow and make a significant change for the sake of my chapter and co-leaders. And so, I consistently sought his feedback and implemented SoF’s philosophy of being slow to speak and quick to listen. Consequently, it did not become hard for the NYU chapter to grow and become one of the highest functioning and engaged chapters in the organization. All it took was a little guidance.

And so, Scholars of Finance made me realize true leadership and mentorship is not just about learning technical knowledge or professional development. It’s about investing in someone’s growth to make them the best possible version of themselves. Looking back on this year, I can confidently say that Scholars of Finance has made me a much better leader and manager while equipping me with the skills to continue my growth in the future.

 

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Shivi Chauhan is the President and one of the original Co-Founders of the New York University chapter. She is currently a freshman at NYU Stern majoring in Finance and Data Science with a minor in Public Policy and Management. Along with Scholars of Finance, Shivi is a Copy Editor and Staff Writer for the Stern Gould Standard, a Research Assistant in the Management and Organizations department through the Stern Program for Undergraduate Research, and she will be joining NYU’s premier raas team, NYU Raas Malai, this coming fall. In her free time, Shivi likes to learn new languages and cook with her family.