Chiwan Kim is double majoring in Statistics and Economics. He participated in the “Duke in New York: Financial Markets & Institutions” semester program. He will graduate in May 2020.
On how some of his ideas/perceptions changed as a result of doing this program...
“Initially I thought ‘Investment Banking’ was the only role that existed within the finance industry. But this program showed me that there are so many different job options. I've learned about sales & trading, research, private equity, hedge funds, asset management and more. Duke in NY allowed me to meet people from each profession, which helped me understand the differences among the aforementioned roles. The program inspired my future career goals in finance. Going into the program I wanted to be an investment banker but that was back when I knew little about the options in the field. During the program I was invited to tour the Goldman Sachs trading floor and that’s when I realized I want to become a trader. I’ve also realized the power of Duke alumni connections. Being a Dukie is valuable both in and out of school. It’s amazing how much the alumni network cares for and helps us. It’s extremely tough getting through the non-Duke world without knowing anybody who can help you—especially if you’re an international student like me. Since networking is key in finance, my first point of contact was always a Duke alumni. About eight out of ten alumni I contacted were responsive and went out of their way to help me. It was amazing to witness how people were willing to commit their precious time to help out students just because they came from the same school!”
On why he decided to do this program...
“My friend who went through this program highly recommended it to me and I knew it was a great opportunity for people interested in the finance industry. Taking a semester away from campus was a tough choice but I was glad to spend that semester in New York, especially because I already had close friends there. Also, it was one of my dreams to live in New York City. I was excited to enjoy city life after several years in the more slow-paced Durham.”
On how his skills/knowledge changed thanks to the program...
“First of all, I think my networking skills greatly improved. I’m now really good at having interesting conversations with total strangers. Also, my general knowledge in the field of finance improved thanks to the different finance courses taught by Duke professors. I took “Economics of Emerging Markets,” “Understanding Financial Bubbles and Crises,” and “Global Capital Markets.” I also took a course unrelated to finance for a little break: “Architecture and Urbanism in New York City.” My understanding of what it really looks like to work on Wall Street has become much more concrete because I got to shadow different desks and firms during my stay in New York. This shadowing allowed me to cover all asset classes. Although I haven't been to every single specific desk, I've been to FX, Credit, Equity, Rates, and Commodities desks for both sales and trading. I sat for hours on trading floors at JP Morgan, Goldman Sachs, Morgan Stanley and Bank of America. I’m so thankful for those opportunities!”
On what surprised him or turned out differently than expected...
“I was surprised at how engaged I became with people in the finance industry. Our instructor John Caccavale stressed the importance of making good use of our time in New York and I cannot agree more. During the program I met more than 100 people, all of whom I consider part of my professional network. I always tried to set up a coffee chat or a site visit after various alumni visited our class. And after conversing with those Duke alumni I asked if they’d introduce me to more people at the firm. This allowed me to expand my network. I was also very impressed by the Duke alumni mentors who the program paired us with; they were all working professionals yet they organized 15 site visits to different financial institutions. Some of the places they helped us visit include: investment banks, Bloomberg, and the Fed. I also loved our guest speakers who spoke candidly about their industries. And since courses ended by noon, it allowed us to do personal voluntary networking.”
On his greatest takeaway from the program...
“My greatest takeaway from the program is that I was able to figure out what I want my first job in finance to be: a trader. I was also able to get one step closer to that job by landing my dream summer internship as a trader at JP Morgan. After talking with many people, I knew that the culture, people and work there were a good fit. I wouldn’t have known this without the connections I established through the program.”
On how this program played into the rest of his undergraduate experience...
“Aside from the gains in my professional life, I made my closest friends at Duke in this program. The program had just 16 students so it was inevitable that we’d make friends. We all got along and I’m so grateful for my new friends!”
On how this program affected his career interests or next steps after graduation...
“The program specifically taught me what a trader does and what it’s like to be a trader on Wall Street. Before the program, I had no clue; however, after meeting multiple traders at different firms I fell in love with the job and decided to pursue this career path.”
On advice he has for other students considering this program...
“If you’re interested in pursuing a career in finance, do not hesitate. Sign up for this program. Once you’re in the program, make sure to make the most out of it. Utilize all of the program’s resources to have the most game-changing semester of your life!”
Programs Featured:
Duke in New York: Financial Markets & Institutions