Capital Markets & Banking professionals help provide liquidity, analytics, and pricing across an array of asset classes to internal as well as external banking investors.
The Capital Markets and Banking Workshop “CMBW” prepares students for careers in these areas.
- In capital markets, you may choose to work in fixed income, foreign exchange, capital markets (debt or equity), commodities, credit, public finance, asset-backed (ABS) and mortgage-back (MBS) securities, treasury management, to name a few.
- In commercial banking, you will be providing corporate, commercial, and private banking services and capital management with ultra and high net worth families and individuals as well as institutional clients.
Regardless of banking function and position you pursue, you will be helping align financial capital with the needs of investors.
To assist in your career pursuits, the CMBW engages with many of the top firms in the industry:
- Goldman Sachs
- Bank of America Merrill Lynch
- J.P. Morgan
- Wells Fargo
As well as leading boutiques including, but not limited to:
- Houlihan Lokey
- BMO Capital Markets
Workshop Application and Admission
Second year students in their fall semester assuming students are 4-year students. If students are 4.5- or 5-year undergraduate students, or are 3/2 MBA students, then the application is in the fall semester of students’ third year.
Admittance into the Capital Markets & Banking Workshop will be based on the student's application, cumulative GPA as of August of at least a 3.40 and grade performance in F210 Investment Banking & Capital Markets.
Additional soft skills will be evaluated during the application period and an interview that will take place at the end of F210.
The application process begins with students requesting access to the independent self-guided Canvas module available in March 2024.
Students will then be eligible to sit for a placement exam for entrance into BUS-F 210. The placement exam will be administered in the second Friday of the fall semester of the second year. Students may only sit for this exam if their academic records shows:
Completion of all first-year ICore pre-requisites with a grade of B or higher
3.50 cumulative GPA at start of fall semester
30 completed credit hours
Admitted Kelley School of Business student
Only students admitted entrance to BUS-F 210 will be eligible to apply to the CMBW.
Decisions will be communicated by Mid-December.
Formal CMBW activities change from year to year based on employer hiring practices but generally begin in January of the spring semester
Highly Recommended Course
- BUS-F 100: Introduction to Financial and Real Estate Careers (3 credits); first-year
Taking the financial accounting course as early as possible is also recommended.
Canvas Module on Introduction to Corporate Finance. Link requesting access to Canvas site coming March 2024
Required Pre-Placement Exam Course/Content
Placement Exam, based on the material from the Canvas Module (which covers BUS-F 255 content), will be required in the second Friday of the fall semester for those students interested in taking F210.
Required Pre-Workshop Courses
BUS-F 210: Investment Banking & Capital Markets (1.5 credits); fall of second year
BUS-F 311: Capital Markets & Corporate Banking I (1.5 credits); spring of second year
BUS-F 411: Capital Markets & Corporate Banking II (1.5 credits); fall of fourth year
Experience and Expectations
While it is not expected that students have any experience in the financial services industry, it is expected that students demonstrate a passion for accounting, finance, and the financial markets as it pertains generally to “financings” or corporations and capital structure decisions. The CMBW historically has placed students into debt capital markets, leveraged finance, equity capital markets, syndicated lending groups, and corporate banking, and it is expected that student applicants for the CMBW demonstrate their knowledge and interest in these career options.
Once admitted to the CMBW it is expected that students will prioritize CMBW activities and in helping their peers in the CMBW, above other academic and professional development activities within reason. While it is expected that students will apply to multiple Kelley workshops as this is important to the education and development of students’ education, students should expect that they can only be a part of the CMBW if they are not members of other Kelley workshops.
To be in good standing in the CMBW, a CMBW member must show a commitment to attending any required meetings and required networking sessions with alumni and employers within the field.