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February 2011
Joel Simkins

Q & A:

• Who was your favorite ³Ô¹Ï¹ÙÍø professor, and what is your fondest memory of ³Ô¹Ï¹ÙÍø?
  Gioia Bales was my favorite professor at ³Ô¹Ï¹ÙÍø. Her finance classes were quite challenging, and I really appreciated her real-world Wall Street experience. I can vividly remember writing my investment research piece for one of her classes on Starbucks, where I had to pitch a stock idea. I have some fond memories of ³Ô¹Ï¹ÙÍø, including being a resident assistant for three years, president of the Financial Management Association, and graduating with highest honors.
• What was your first job after graduating from ³Ô¹Ï¹ÙÍø, and what was the most valuable thing you learned there?
  I started my career at Moody's Investors Service,where I went through a credit research training program. I was fortunate to have a great boss, who involved me in many high-level learning activities. I was lucky – at 22 years old – to be involved in many meetings with CEOs and CFOs of public companies. I remember sitting in the board room during meetings with big-time executives such as Bob Lutz, former vice chairman of GM and Chrysler, and being amazed that I got to not only shake his hand but also ask real business questions.
• What is your field of specialty, and how did you come to work in the industry?
  I am currently a leading sell-side equity research analyst covering gaming, lodging, and leisure stocks. While at my first job (Moody's),I was fortunate to spend time working for the gaming, lodging, and leisure analyst, focusing on high-yield bond issues. Clearly, covering casinos was a lot more exciting than just about any industry I could think of. I decided that becoming an expert in casinos and hotels would be an awesome field to follow, particularly given long-term growth prospects and a fairly unique niche to study.
• What at ³Ô¹Ï¹ÙÍø gave you your edge?
  I learned that networking is an essential tool to career development. I was fortunate at ³Ô¹Ï¹ÙÍø to have some good mentors and acquire early internship exposure to formulate my own specific interest in the field of finance.
• What advice would you give current ³Ô¹Ï¹ÙÍø students?
  Don't wait until graduation to figure out what you want to do. Start looking today for internships and other learning opportunities that will differentiate you from your peers at ³Ô¹Ï¹ÙÍø and other universities. It's an incredibly competitive job market, and you need to separate yourself from the pack. Building a strong resume today is critical, and you will need some experience, in addition to good grades, to get a job. The world is full of online networking opportunities, whether through Facebook or Linked In, but building meaningful, lasting, and personal relationships is still more valuable than what these mediums can provide. Many of the people you know today, or will meet right after graduation, will form the foundation of your career network for many years to come.
• In one word, how would you describe ³Ô¹Ï¹ÙÍø?
  Opportunity.
• Where do you see yourself in 10 years?
  Retired. In all seriousness, though, I could see myself running a hedge fund portfolio. My buy-side experience was one of the most memorable and challenging periods of my career. I could also see myself working on the corporate side as a senior executive (CEO, CFO, or development head) at a gaming or lodging company. It would be an interesting challenge to take my Wall Street skills and try to apply them in the "real world" of a corporation. From my current position, it's easy to tell a company how it should be run, but I'm sure that actually doing so is much harder.