“The Wall Street Exchange program was started for students between their junior and senior years of college to prepare them for life after graduation. We’re trying to give them the tools they need to find a job and be successful in that job.”
— Anne Izzillo, FWA President (2011-2012)
Wall Street Exchange (WSE) was formed in 1976 for upper level college students working within the New York area who will soon be joining the workforce. Over 1,000 WSE participants have been hired since this program’s inception upon graduation after completing weekly sessions for nine weeks. The informative workshops provide information on the presenting firms, professionalism, leadership, resume writing and interview techniques. Programs also cover networking and the best ways to create a powerful marketing plan for one’s career.
Both men and women alike are eligible for this program. Requirements include:
- An interest in exploring a career in finance or business
- A minimum cumulative GPA of 3.0 on a 4.0 scale
- A paid summer internship in the New York City metro area with a financial services firm or a financial function internship with a non-financial services company
It isn’t just students who see ongoing success after completing the Wall Street Exchange though. In fact, FWA Members benefit just as much from becoming volunteers.
“I think our Members are inspired by the success of the people within the program, the feedback about how the program has helped students,” Ms. Izzillo added. “Whether as an FWA Member you are able to attend all nine events or only one, you will have an impact. This is a wonderful opportunity to give back by volunteering to help students develop the tools they need to launch their careers and pursue a path to success. Along the way, you’ll have the chance to visit leading Wall Street firms and meet other established industry professionals.”
In conjunction with the FWA’s corporate partners, these various programs seamlessly integrate next generation technology and mentoring to help individuals see ongoing success pertaining to career development. Sponsoring corporations over the years have been BNP Paribas, The Bank of Tokyo-Mitsubishi, UBS, BMO Capital Markets, BNY Melton, TD Securities, NYSE EURONEXT and AllianceBernstein.
In another program, the interns worked alongside the FWA Men’s Alliance Committee. The young women and men were able to learn the ins and outs of networking which will lead to them to a successful job search.
Also, it provides an opportunity for participants to think strategically about career choices.
“The WSE was a great supplement to my internship. At the end of the summer, I had developed a secure network of professionals to whom I can turn for advice and guidance as I begin my career. As the summer progressed, I felt that my ability to speak confidently with financial professionals improved,” Meghan Murnane, WSE ’11.
Serving as a way to understand the job market before officially entering it is a major benefit everyone involved in the WSE program can take advantage of.
“Volunteering with FWA’s Wall Street Exchange for more than twenty years has been a wonderful experience. As a Director of the New York University Alumni Association, student recruitment there enhances FWA’s relationship with NYU. Interviewing students from the many other colleges that participate in our WSE is always a pleasure, as is seeing them develop throughout the summer they spend with the FWA,” Mary Tanaskovic Bitting, retired vice president, The Bank of New York concluded.