Ali is studying Finance and is expecting to graduate in the Spring of 2018. This summer she worked for Edward Jones as a Trading Intern in Tempe, Arizona.
What was a typical day like? Mornings came early, since market hours are New York time. We would arrive at 6:00 am and read economic briefs for that day’s events and indicators that may impact market movements. Additionally, I would partake in a lot of Job Shadows to understand the different market structures and investment options. Throughout my 10 week internship, I was assigned two projects and at the end of my internship we presented our work to the General Partners of the firm.
What projects did you work on? My first project was to create a CD Block Bidding tool to help CD traders reduce the time it takes to review/analyze lists sent over to them from dealers for secondary black pieces. The second project I worked on was a Dashboard to identify key market indicators for the CD market, including Treasury rate movements, CD rate movements, and the spread between the two.
What advice do you have for other students seeking a similar internship? Keep up to date with what’s going on in the markets, and reach out to Eller advisers, older students who have been in your position, and alumni of the college as well.
How did Eller prepare you for your internship? Our BCOM class prepared all three of the Edward Jones trading interns, whom were all from Eller, and allowed us to deliver professional presentations through our enhanced skill and experiences. Additionally, resources such as Investments Club help to get in the habit of keeping up with the markets and discussing global economic activity.