(1/4) Undergrad Review: Nittany Lion Fund, LLC

Last week I posted about how public universities are developing a growing presence on Wall Street. In that post, I highlighted four undergraduate programs that have earned an upstanding reputation for job placement. Over a four week span, I will give you guys a better understanding of each and the benefits of joining them.

For the first week, I will be covering the Nittany Lion Fund, LLC – Penn State. Founded in 2005, this $4 million student-managed mutual fund has a habit of placing kids on the street (both in IBD and S&T). (See the link below)

CAREER OPPORTUNITIES

Penn State is commonly referred to as a "non-target" for positions on Wall Street. However, in the Nittany Lion Fund, students are able to gain real-world experience by actively managing real investor assets. Through this organization, you will enhance your knowledge-base and skill-set of comps and ratios, discounted cash flow analysis, financial statement analysis and other valuation techniques by working with other analysts.

This is a great opportunity to gain exposure to the industry outside of the classroom. This kind of hands-on experience (equity research, valuation, etc.) is unmatched by the majority of universities in the US.

If you are at all interested in applying to Penn State, or interested in the fund, I recommend viewing the website: NITTANY LION FUND.There, you can also see the video of Jim Cramer visiting the NLF in 2008.

Interesting pieces on the NLF include:

Article from The Street

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
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