Students step into the world of investment banking through Costello Fellows on Wall Street

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To learn through experience and gain a competitive edge, finance and accounting students from the Costello College of Business at George Mason University participated in the Costello Fellows on Wall Street program, connecting with major financial services firms and alumni in New York City. What has become an annual tradition continues to grow, with participation expanding significantly-from 10 students in previous years to approximately 30 this year.

Costello College of Business alumni networking. Photo by Alina Alam

Using his extensive connections, the trip this past April was organized by Derek Horstmeyer, an instructional professor of finance at the Costello College of Business, who is also the co-founder and director of the Montano Student Managed Investment Fund (SMIF). SMIF is an all-equity fund administered by select finance students at Costello. Those selected as officers are responsible for managing a $492,000 portfolio.

Additionally, Costello offers a SMIF course taught by Horstmeyer, where students learn about the decision-making process involved in managing the fund. Along with other students who seized the funded opportunity to visit Wall Street, many of the participants were members of SMIF.

"A lot of these firms will give you the same experience by flying you out to private recruitment events, but those programs are really competitive, and sometimes they don't consider you because of your major, year, or some other location factor."

-Alina Alam, current accounting student at the Costello College of Business at George Mason University

Costello College of Business alumni reception signage. Photo by Alina Alam.

Alina Alam, a senior studying accounting, first learned about SMIF as a freshman and decided to get involved. She was accepted through the rigorous interview process for her final semester as an undergraduate student. As SMIF's director of marketing, she documented the trip, capturing photos and moments to share across the organization's rapidly growing social media platforms.

Over the two-day event, the group moved quickly from firm to firm with a packed itinerary. On the first day, they visited Raymond James, Oppenheimer, and S&P Global, and attended an alumni mixer in the West Village organized by the Costello Alumni Chapter featuring a panel of firm representatives-Manya Vij, BS Finance '21; Jannat Bhinder, MS Business Administration and Management '18; Megan Farina, BS Management Information Systems '01; and Michael Marino, BA '11. The next day consisted of visits to Wolfe Research (an equity research firm), J.P. Morgan, and BMS Capital.

Costello College of Business alumni panel. Photo by Alina Alam.

Many of the students participating in Costello Fellows on Wall Street rank among the top of their class and are applying-or planning to apply-to internships at firms on the trip itinerary. Experiencing the offices firsthand and engaging with professionals across varying levels of seniority provided invaluable insight into the careers they are preparing to pursue.

"A lot of these firms will give you the same experience by flying you out to private recruitment events, but those programs are really competitive, and sometimes they don't consider you because of your major, year, or some other location factor," says Alam.

She found tremendous value in the office visits in terms of networking and sharing information with other students. "The students who were on the trip, even the really shy, introverted ones, opened up, and they made friends with the people on the trip," she says. "If you know people within your major, it gives you an upper hand in so many ways because you know exactly how to get more involved with on-campus organizations like the SMIF once you return from the trip."

Costello Fellows on Wall Street program student participants. Photo by Alina Alam.

For students interested in working in the highly competitive world of investment banking and equity research, Costello Fellows on Wall Street offers a highly impactful experiential learning opportunity. Throughout the trip, the students learned from finance professionals-many of them alumni-and from each other about the actions they need to take to become stronger job candidates and stand out from the crowd. They are not waiting for firms to come to them-they are blazing a pathway and meeting them where they are.

To get involved with the SMIF, follow them on Instagram @smifgmu or access their official website www.smif.business.gmu.edu to learn more.

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