This Drew University program may be right for you!
|Program Name:||Semester on Wall Street|
|Program Type:||Spring or Summer semester program|
|Location:||Madison, NJ, with regular trips to New York|
|Students:||capped at 20 per session|
Semester on Wall Street is an interdisciplinary program for students who want to study an overview of financial markets.
You will spend significant time in New York City, go to NASDAQ for the opening bell, and network with CEOs. Of course, you’ll also check out the New York Stock Exchange and discuss ethics. Sound like fun?
The idea is not only to learn about Wall Street, but also get to imagine working there.
Best of all, this program takes an interdisciplinary approach. That means it is accessible to students of all majors interested in the role of finance within the context of the wider economy.
“Going to different firms, whether they were VC firms, hedge funds, or investment banks, allowed us to see the firm’s culture first-hand and gauge whether it was a culture we wanted to be a part of post-graduation.” — Richa Patel, senior at Drew University
How is the program structured?
Semester on Wall Street offers both a spring semester and a 3-week summer program. In the spring, students commute to New York City twice a week. During summer session, they go everyday.
Each day starts around 9am with classes near the Charging Bull in the Manhattan Financial District. In the afternoons, you’ll meet with speakers.
You’ll also get to visit securities firms, the New York Stock Exchange, and the Securities and Exchange Commission.
Who are the speakers?
Regulators, non-profit groups, credit unions and more!
You’ll talk with CEOs, Presidents, Chief Information Officers, Chief Investment Officers, and practitioners of all levels.
You might also meet someone from the Securities and Exchange Commission, the Federal Reserve or the U.S. Commodity Futures Trading Commission.
What topics would I study?
Financial literacy and responsibility, regulations, financial access, the NRON scandal, and ethics– just to name a few.
How far is New York City from Drew University?
Most students take a 50-minute train ride to New York. During the summer session, some opt to rent an apartment in the city.
Who can apply?
The spring semester session is open to Drew University students who have completed Economics 101 and 102. The summer session is open to students from all universities, as well as high school students.
Since the focus is on gaining an overview of the financial markets, you are not required to understand the finer points of economics or accounting to apply.
Drew students get credit for a course on Wall St. and the Economy. They must also submit a final paper and project at the end of the program.
Non-Drew students receive credit for BST101 and have no final paper or project.
How much does it cost?
There is no additional cost beyond normal tuition. Furthermore, students in the spring session get iPads to help with information management and classwork.
What are the most common majors for participants?
Business and Economics. However, students from Political Science, Math, Computer Science and even Art have also participated.
When did this program start?
What have students done after completing the program?
Graduates have gone on to work for major companies, including JP Morgan, Goldman Sachs, Morgan Stanley, and consultancies such as Deloitte.
Why should I consider it?
Drew University isn’t the only college to offer programs about financial markets or even offer trips to New York City. However, Semester on Wall Street is unique.
“Being in a liberal arts college means that we place the Wall Street program in a broader interdisciplinary view,” explains program director Gian Domenico Sarolli.
Students are encouraged to use “the lens of the liberal arts, say a minor in sociology or anthropology, and take a broader view to look at problems.”
The structure of the program itself is also very unique.
“They get a full immersion that they don’t really get in other programs,” says Sarolli. “It gives the students the ability to picture themselves at those firms,” something that “would be lost if the speaker just showed up to explain what they do.”