Student Spotlight: Garrett Labar, Charles Schwab

Eller PDC Student Stories

Garrett pic 1 (2)Garrett is working this summer as a Retirement Plan Services intern at Charles Schwab in Austin, TX.

Tell us a little bit about how you landed the internship:

I applied online and went through 3 rounds of interviews.

What is a typical day at your internship like?

7:00am-8:00am: I spend some time preparing for that days meetings and following up with people I met the day before (Networking, networking, networking).

8:00am-Noon: I work directly with the plan administration team, which handles all of the money coming into both defined contribution and defined benefit plans. To put it simply, the money needs to be properly accounted for, allocated to the correct plans, and then set to trade into the correct mutual funds in a timely manner.

Noon-3:00pm: I am in and out of intern specific training, sitting in on meetings, or shadowing some of the CFPs.

3:00-5:00pm: I go back to working with the plan administration team or spend a little bit time studying from a variety of company material (mainly QPA/QKA study material).

What has been your favorite part about the internship so far?

Sitting in on meetings where some of the Vice Presidents are present has been my favorite part. It’s an amazing opportunity to hear what some of the brightest people in the industry think about any given issue.

What are some things you have learned?

I have learned more about retirement plans than I ever knew existed.

How has Eller helped you prepare for your internship?

ACCT 400c has prepared me more than any other course in Eller. Everything that Professor Blanchard taught in that course was expected to be common knowledge when I showed up at Charles Schwab.