This summer, Michael Garland ’12, Jessica Tarantino ’12 and Sarah Tarantino’12 interned at J.P. Morgan in New York City, and now they have landed positions with the financial industry giant. Garland served as a cash equities trading and sales trading intern. Since then he has been hired and will return after graduation to take a position as an analyst on the energy derivatives desk. The Tarantino sisters both served as IB risk summer analysts and have also been hired by the company. They will return after graduation to pursue careers as credit risk analysts.
“If there is one thing I have learned this summer, it is not necessarily how to effectively trade, hedge positions, mitigate risk, or understand the complexities behind the driving forces in our markets. Rather, the most important lesson I have learned is that hard work carries more weight than I ever thought possible,” says Garland. “Competing against brilliant students from prestigious colleges was intimidating at first, but I learned firsthand that a diligent work ethic, strong attitude, and consistent performance was valued higher. I will take this lesson with me as I start my career at J.P. Morgan next year.”
Garland initially learned of the internship opportunity through the Salisbury Center for Career Services and went through a series of interviews. He notes former J.P. Morgan intern and Hobart alum Michael Barlow ’11 was helpful in preparing him for the interviews and informing him of what would be expected of him in the internship.
During his internship, Garland was responsible for preparing traders with the headline news, market updates and analyst research they use to make informed decisions and recommendations and also share with their clients. He also spent time shadowing traders to learn more about what they do and how they do it. Garland was also asked to complete a special project that focused on large cap exploration and production energy companies. He presented it to senior management, traders and the sales team at the end of his internship.
After taking part in Hobart and William Smith’s Wall Street Experience, the Tarantinos landed the J.P. Morgan internships for the summer. Working for consumer, healthcare and retail clients, Jessica explains they performed annual credit reviews of companies, assessing how their credit risk has changed over the past year, and worked with analysts on live transactions packages. Another significant component of the internship was networking with senior members of J.P. Morgan through scheduled lunches and discussions.
“The learning curve was steep, and the work was challenging,” says Jessica, “but I learned so much in just the first four weeks.”
Sarah agrees, “It forces you to work hard, but it was a great experience, and I learned a lot.”
Both Tarantino sisters are double majors in mathematics and economics who have previous internship experience. Jessica previously interned at M&T Bank in Buffalo and at the Geneva General Hospital Finance and Accounting Office, while Sarah served as a portfolio valuations intern at Markit and a telecommunications intern at M&T bank.
An economics and English major, Garland was among a select group of students who served as hosts to delegates of the Global Venture Capital Congress held on campus last year.
In the photo above, Jessica and Sarah Tarantino (center) participate in the Wall Street Experience.