Summer on Wall Street

Evan Ketterhagen’s first-ever trip to New York led to an incredible opportunity. He interviewed and landed a summer internship with financial powerhouse UBS, ranked #274 on the Fortune Global 500.

Ketterhagen is a graduate student in the Investment Management Certificate Program (IMCP), a highly-selective, applied program in which students gain analyst-level skills and work on over $7 million in real-money portfolios.

As a sell-side research intern, he worked up to 15-hour days on a team that covered close to 30 stocks, including Walmart, Home Depot, and Auto Zone.

“Covering a rather wide range of stocks as well as being a part of a very experienced team allowed me to learn something new nearly every hour of the day, it seemed,” Ketterhagen says.

Most of his time, he notes, was spent on initiation projects for two new stocks his team was covering, Grocery Outlet and BJ’s Wholesale. They prepared 40-50 page in-depth reports that included the background of the business, how they operate, and the team’s assessment of the company’s future outlook. He also gave an individual stock pitch presentation to upper management on one of those companies at the conclusion of the internship.

The work was intense, but Ketterhagen, who hails from Twin Lakes, Wisconsin (population 6,500) also threw himself into life in the Big Apple, riding the subway to work from his apartment in the upper west side of Manhattan, jogging through Central Park, and seeing the sites.

“I also experienced a major NYC power outage with my parents when they came out to visit, which was an adventure in and of itself,” he jokes.

Ultimately, the internship has turned out to be just the beginning of his New York experience.  Ketterhagen has accepted a full-time offer in equity research with UBS after he earns his investment management certificate next spring.

“I really cannot say enough about the program here at the Lubar School,” he shares. “The IMCP is truly incredible, and prepared me so well for this amazing opportunity.”