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Students Prepare for Bank Visits with Jargon Cheat Sheet

 NYSE Wall Street Signs

This list of finance vocabulary is a sampling of some of the terms and abbreviations students can expect to hear during conversations at the various site visits to banks in Boston and NYC as part of the Certificate in Finance & Banking program.  Get acquainted with the jargon and concepts to gain more from your experience, including the ability to ask better questions in order to make yourself stand out from the crowd.  Be sure to access the College’s free readership program for the Wall Street Journal (WSJ) and New York Times (NYT) to connect with these terms in a real world context.

Finance Jargon

Asset: Resource with economic value that a corporation owns or controls with the expectation that it will provide a future benefit; Assets are reported on a company’s balance sheet and are bought or created to increase a firm’s value or benefit the firm’s operations.

    • Asset Allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio’s assets according to an individual’s goals, risk tolerance, and investment horizon. The three main asset classes – equities, fixed-income, and cash and equivalents – have different levels of risk and return.

Book Building: Process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered. An underwriter, normally an investment bank, builds a book by inviting institutional investors (such as fund managers and others) to submit bids for the number of shares and the price(s) they would be willing to pay for them.

Book Value: Referring to an investment, it is the price paid for a security or debt investment. When a company sells stock, the selling price minus the book value is the capital gain or loss from the investment.

Broker: Individual or firm that acts as an intermediary between an investor and a securities exchange; Buy and sell financial instruments on the behalf of a client and charges a fee for doing so.

Bull and Bear Markets:

    • A Bull Market is a market that is on the rise and where the economy is sound. (Tip: A bull charges “up” with horns.)
    • A Bear Market exists in an economy that is receding, where most stocks are declining in value. (Tip: A bear charges “down” with paws.)

Buying Size: Occurs when a trader offers to buy a large volume of shares

Buy-Side/Sell-Side:

    • Buy-Side is the side of the financial market that buys and invests large portions of securities for the purpose of money or fund management; Includes investment managers, pension funds, and hedge funds.
    • Sell-Side is the other side of the financial market, which deals with the creation, promotion, and selling of traded securities to the public; Includes investment banks, advisory firms, and corporations.

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Local Colleges Attend Inaugural Student Entrepreneurial Ecosystem Summit in Worcester

People chatting in circle

Last month at WorcLab, Worcester’s premier business incubator and coworking space, the city hosted the inaugural Student Entrepreneurial Ecosystem Summit (SEES) to bring the startup community together on Saturday, March 25.  Organizations and local businesses set up tables to share their resources with budding student entrepreneurs. The event brought nearly 25 students together from various colleges in the Worcester area including Holy Cross, WPI, WSU, Clark, Assumption, and UMass. Students had the opportunity to learn directly from local business owners, pitch their businesses and explore resources. SEES provided an excellent platform for students to gain practical knowledge and insights from the successful entrepreneurs next door. 

The event kicked off with food and networking on the 7th floor of the Printer’s Building on Portland Street in downtown Worcester. During the summit, students interacted with business owners from a diverse range of industries including biotech, gaming, and maker spaces. They learned about the challenges that these entrepreneurs faced when starting and growing their businesses, the strategies they used to overcome these obstacles and the many resources available to them in Worcester.  Continue reading “Local Colleges Attend Inaugural Student Entrepreneurial Ecosystem Summit in Worcester”
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Entrepreneurship Club Visits Local Startup

Experience shared by Alexander Christie ’24, Administrative Director of HC Launch.

This week I was one of fourteen Holy Cross students accompanied by the Ciocca Center director and entrepreneur-in-residence, Rob Murner, to get off campus to visit a local stuartup on February 21. HC Launch, the entrepreneurship club within the Ciocca Center, organized a site visit to Geisel Software, a software development company focused on robotics and artificial intelligence located in Worcester.  We were able to hear from a number of different people within this growing company including the office manager, a few engineers, and the founder/CEO, Brian Giesel. Feedback from students was that this site visit was an extraordinarily positive experience. 

Giesel has something for everyone. There were a number of computer science majors in attendance who certainly benefited from hearing about the career experiences of the engineers. Those of us who weren’t specifically interested in software learned a lot about the intricacies of this field, which will only become more important to understand as technology continues to emulate life. Brian also talked about the founding and growth of the company, as well as the challenges that led the company to where it is today.

There are two primary takeaways from this experience for me and according to Brian, these are two of the key ingredients to his company’s success.  Continue reading “Entrepreneurship Club Visits Local Startup”