HIGH POINT, N.C., Aug. 26, 2009 – Matthew Schiffer, a junior majoring in finance at High Point University, literally learned a wealth of knowledge thanks to a unique summer internship with Merrill Lynch in Greensboro.
Schiffer, who spent three months at the internship, worked in the Management Department of the office with two vice presidents and a director.
There, he worked in the Global Wealth Management sector, where he helped to prepare an audit, assisted with competitive recruiting, learned about leverage life insurance, attended meetings with mutual fund companies that were trying to sell bonds, and more.
He kept busy during the internship experience as well – he worked at Merrill Lynch during the Bank of America takeover. When Bank of America retirees lost their retirement funds, Schiffer helped find where the employees lived and offered to bring them over to Merrill Lynch.
“I gained a lot of insight into one of many different paths within finance,” Schiffer says. “I also had the opportunity to observe many parts of a company and how they work together.”
Schiffer, who serves as the president of the HPU Business Students Association and is a member of the Investment Club, hopes to work with overseas clients and hedge funds in the future.
At High Point University, every student receives an extraordinary education in a fun environment with caring people. HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with 3,700 undergraduate and graduate students from 50 countries and 44 states at campuses in High Point and Winston-Salem. It is ranked by US News and World Report No. 5 among comprehensive universities in the South and No. 1 in its category among up-and-coming schools. Forbes.com ranks HPU in the top 6 percent among “America’s Best Colleges.” HPU was included in The Chronicle of Higher Education’s “Great Colleges to Work For” 2009 listings. The university offers 68 undergraduate majors, 40 undergraduate minors and seven graduate degree programs. It is accredited by the Commission of Colleges of the Southern Association of Colleges and Schools, and is a member of the NCAA, Division I and the Big South Conference. Visit High Point University on the Web at www.highpoint.edu. Chris DudleyVice President for [email protected]