Whitman School of Management Students Get Some Real World Experience
by: Michael Jiang (NCC News)
SYRACUSE, NY– Most college students have trouble keeping track of their bank accounts and credit cards. However, a group of juniors and seniors at Syracuse University spend a majority of their time in and out of the classroom learning how to and then managing a $1.2million hedge fund.
Founded in 2007, the Orange Value Fund is a two year money management program that trains students passionate about finance how to become investment bankers and asset managers. The fund invests according to Martin J. Whitman’s value investing philosophy. One of the biggest benefactors of the Fund and the namesake of Syracuse University’ s business school, Whitman is one of the country’s greatest value investors.
Students apply to join the Orange Value Fund during their sophomore years and are put through a rigorous interview process. Analysts in the fund quickly learn how to analyze financial statements, build detailed financial models, and value the worth of a companys.
Success in the Job Market
Analysts in the fund say that the experiential learning they gain in the Fund is what sets them apart from other students when it comes time to find jobs and internships.
“Although it’s really time consuming, but it really gives me the real experience on the financial services and also really help me to stand out,” said Maple Chen, a Junior Analyst in the Fund. Chen will go from working as an analyst in a fund based on Martin Whitman’s philosophies to actually working for Whitman this summer after landing the prestegious Third Avenue Management summer internship.
In addition to the cirriculum based learning, students say there is a great deal of organic learning as well.
“The exposure you get to different people, the exposure you get to each other, alot of students in the OVF are really good about sharing what they’ve learned and what they know so that’s really good. You learn kind of by friction, just by being in that environment,” said Oriana Fuentes. Fuentes is a Junior Analyst and will be interning at JP Morgan Chase & Co this summer.
Orange Value Fund analysts have landed full time positions and internships at several powerhouse Wall Street firms:
- Goldman Sachs
- Royal Bank of Scotland
- JP Morgan Chase
- Lazard Freres
Since inception, the Fund has consistently beat the stock market. This year the Fund is up 11.61% compared to 2.34% for the S&P 500.
Professor Fernando Diz is the Martin J. Whitman Professor of Finance and Managing Director of the Orange Value Fund and says that he loves seeing his students succeed.
“It helps me get out of bed in the morning and I love doing this…if i had to be an academic again I would shoot myself. I like coming to school preciselt to interact with these students,” Diz said.