FIN 2164 LATEST 2026 TEST PAPER QUESTIONS AND
ANSWERS RATED A+
✔✔Corporate Headquarters (Investment Bank Division) - ✔✔Contains a number of
important functions:
- Accounting
- Treasury: Interacting with investors and creditors and raising new capital
- Legal: Making sure that laws and regulations are being complied with
- Human Resources
✔✔Boutique Firms - ✔✔Smaller firms that specialize in one area
- Mergers and acquisitions, a specific industry, trading, research
✔✔Pros and Cons of Wall Street Jobs - ✔✔Pros:
- Very high pay
- Very interesting work- something different every day
Cons:
- Very long hours
- Very high stress
- Low job security
- Most jobs are in New York
✔✔Preparing for Wall Street - ✔✔- Interview process starts very early, with internship
interviews early in Fall semester of Junior Year
- Most hiring is done through connections
- Most firms want at least a 3.4 GPA and prefer students from SEED, BASIS and
COINS
✔✔Institutional Investment Management - ✔✔Manage large pools of money on behalf
of investors
✔✔Mutual Funds - ✔✔Raise money by selling shares to individual investors, then take
the money and invest it
- Fidelity, Franklin Templeton, Blackrock, Eaton Vance, etc.
✔✔Institutional Money Managers - ✔✔Manage large amounts of money on behalf of
large investors such as very wealthy individuals, endowments, and pension plans
- Not open to the general public, have a smaller number of investors who contribute
larger amounts of money
, ✔✔Insurance Companies (IIM) - ✔✔Invest the money that they receive in premium
payments from their customers
- the goal is to grow the money over time, so that there is enough to meet the required
payouts on all of their policies
✔✔Pension Funds (IIM) - ✔✔Invest money so that they have enough money in the
future to cover the pension payouts to retirees
✔✔Hedge Funds - ✔✔Speculative investment funds that make bets on the market
- Unlike most other types of investment funds, hedge funds often go short as well as go
long
- Usually trade much more frequently than other types of money managers
- Require large minimum investments (>$250K)
✔✔Endowments - ✔✔Pools of money that have been donated over time to non-profit
institutions such as charities, universities and hospitals
✔✔Family Offices (IIM) - ✔✔Groups that manage the money of extremely wealthy
families
✔✔Corporate Investment Funds (IIM) - ✔✔Funds operated by companies with large
amounts of excess cash that they need to invest
✔✔Sovereign Investment Funds (IIM) - ✔✔Funds operated by governments with excess
cash
✔✔Jobs in Institutional Money Management - ✔✔- Investment analyst
- Portfolio manager
- Trader
- Operations
✔✔CFA - ✔✔Chartered Financial Analyst
- Must pass three levels of tests regarding financial analysis and investments
✔✔The Federal Reserve - ✔✔Operates 12 regional banks, plus central offices in
Washington, DC
- Provides banking services to the U.S. Government
- Monitors systematic risk in the U.S. financial system
✔✔Government Jobs (Key factors to be aware of) - ✔✔- Many government jobs are
limited to U.S. citizens only
ANSWERS RATED A+
✔✔Corporate Headquarters (Investment Bank Division) - ✔✔Contains a number of
important functions:
- Accounting
- Treasury: Interacting with investors and creditors and raising new capital
- Legal: Making sure that laws and regulations are being complied with
- Human Resources
✔✔Boutique Firms - ✔✔Smaller firms that specialize in one area
- Mergers and acquisitions, a specific industry, trading, research
✔✔Pros and Cons of Wall Street Jobs - ✔✔Pros:
- Very high pay
- Very interesting work- something different every day
Cons:
- Very long hours
- Very high stress
- Low job security
- Most jobs are in New York
✔✔Preparing for Wall Street - ✔✔- Interview process starts very early, with internship
interviews early in Fall semester of Junior Year
- Most hiring is done through connections
- Most firms want at least a 3.4 GPA and prefer students from SEED, BASIS and
COINS
✔✔Institutional Investment Management - ✔✔Manage large pools of money on behalf
of investors
✔✔Mutual Funds - ✔✔Raise money by selling shares to individual investors, then take
the money and invest it
- Fidelity, Franklin Templeton, Blackrock, Eaton Vance, etc.
✔✔Institutional Money Managers - ✔✔Manage large amounts of money on behalf of
large investors such as very wealthy individuals, endowments, and pension plans
- Not open to the general public, have a smaller number of investors who contribute
larger amounts of money
, ✔✔Insurance Companies (IIM) - ✔✔Invest the money that they receive in premium
payments from their customers
- the goal is to grow the money over time, so that there is enough to meet the required
payouts on all of their policies
✔✔Pension Funds (IIM) - ✔✔Invest money so that they have enough money in the
future to cover the pension payouts to retirees
✔✔Hedge Funds - ✔✔Speculative investment funds that make bets on the market
- Unlike most other types of investment funds, hedge funds often go short as well as go
long
- Usually trade much more frequently than other types of money managers
- Require large minimum investments (>$250K)
✔✔Endowments - ✔✔Pools of money that have been donated over time to non-profit
institutions such as charities, universities and hospitals
✔✔Family Offices (IIM) - ✔✔Groups that manage the money of extremely wealthy
families
✔✔Corporate Investment Funds (IIM) - ✔✔Funds operated by companies with large
amounts of excess cash that they need to invest
✔✔Sovereign Investment Funds (IIM) - ✔✔Funds operated by governments with excess
cash
✔✔Jobs in Institutional Money Management - ✔✔- Investment analyst
- Portfolio manager
- Trader
- Operations
✔✔CFA - ✔✔Chartered Financial Analyst
- Must pass three levels of tests regarding financial analysis and investments
✔✔The Federal Reserve - ✔✔Operates 12 regional banks, plus central offices in
Washington, DC
- Provides banking services to the U.S. Government
- Monitors systematic risk in the U.S. financial system
✔✔Government Jobs (Key factors to be aware of) - ✔✔- Many government jobs are
limited to U.S. citizens only
