Independent Research with a Professor

Hi all,

I am a current Sophomore in University and I am very interested in a possible career/internship in wealth management. I want to do independent research with a professor this spring to strengthen my resume. I know how to do use a Bloomberg Terminal and would like to write a paper/do research on Macroeconomic trends. I was wondering if anyone has done independent research before with a professor and if anyone might have a better suggestion on what to research.


Thanks!

 

Ah, diving into the world of independent research with a professor is a fantastic way to beef up your resume, especially when eyeing a career in wealth management. Based on the most helpful WSO content, doing research, particularly on macroeconomic trends, can indeed set you apart. It shows not only your ability to understand complex economic landscapes but also your initiative and capacity to work independently on sophisticated topics.

Now, if you're already comfortable with a Bloomberg Terminal, you're in a great position. This tool can provide you with a wealth of data for your research. When considering topics, macroeconomic trends are a solid choice, especially if you can tie them to potential impacts on wealth management strategies. However, if you're looking for a slight twist or perhaps a more focused area of research, consider these suggestions:

  1. Impact of Monetary Policy on Asset Prices: Explore how changes in interest rates, quantitative easing, or other monetary policy tools influence stock, bond, and real estate prices. This can be particularly relevant for wealth management, as it directly affects investment strategies.

  2. Behavioral Finance and Wealth Management: Delve into how psychological factors influence investment decisions. This can include studying biases, herd behavior, or the impact of investor sentiment on the market. It's a fascinating intersection between psychology and finance that has real-world implications for wealth management.

  3. Technological Innovations and Their Impact on Wealth Management: Investigate how advancements in technology, such as robo-advisors, blockchain, or AI, are shaping the future of wealth management. This could involve analyzing efficiency gains, changes in client-advisor relationships, or the democratization of financial advice.

  4. Sustainable and Responsible Investing (SRI) Trends: With a growing interest in ESG (Environmental, Social, and Governance) criteria among investors, researching how these trends are influencing wealth management strategies could be both timely and impactful.

Remember, the key to a successful independent research project is not just the topic you choose but also how you approach it. Be sure to:

  • Define a clear research question: What exactly do you want to find out?
  • Gather and analyze data effectively: Use the Bloomberg Terminal to your advantage.
  • Engage with your professor: Their expertise can guide you through the research process and help refine your ideas.

Independent research is a journey of discovery, and with a thoughtful approach, it can be a highly rewarding one. Good luck, and may your research contribute valuable insights to the field of wealth management!

Sources: How to Thrive on Your Research Internship, Is It Good To Network With Professors, Q&A: PhD -> MBB (with some steps in between), Breaking into buy-side equity research - my experience, Preparing for the HF informational interview

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

I had the opportunity to do this when I was in graduate school and I am glad to see that undergraduates are becoming interested in research and publishing as well. There are three main ways to go about this:

  1. Find a professor that you want to work with and choose a potential topic that matches their research focus.
  2. Choose a topic that you are passionate about and find a professor who publishes on that topic.
  3. Find a professor that you want to work with and let them know that you are interested in helping with their next research project.

The main theme here is that professors have specific areas of publishing interest and focus. If you are interested in research on trade pricing but the professor you want to work with is focused on time series econometrics that will not be a good fit. If I were in your shoes I would choose option 3, unless you are just dead set on your area of interest.

At this stage in your academic career, personality fit will lead to an overall better experience for both you and the professor.

"Everybody needs money. That's why they call it money." - Mickey Bergman - Heist (2001)
 

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