Building Blocks to high-rise blocks
The Tennessee Capital Markets Society is committed to supplementing course curriculum and providing value added high-level financial understanding. We conduct student-led, small-group educational workshops. We will focus on the skillsets of Financial Analysis, Financial Modeling, Integrated Financial Statement, and Deal Assumptions.
Financial Analysis: A strong understanding of financial terminology and techniques is required to make informed decisions. We believe in data-driven decision-making and collaborative discussion for these decisions.
Financial Modeling: In order to prepare information for senior colleagues & clients, analysts and associates will need to display this information in an aesthetically pleasing and correct format. We will focus on Excel modeling and PowerPoint skills.
Integrated Financial Statements: Accounting is the building block for any financial decision making. We must be able to determine how the financial statements flow together and how to interpret non-GAAP measures for valuation.
Deal Assumptions: Transactions are the cornerstone of the marketplace. To better understand the capital markets and maximizing value for clients, we need to understand the rationale and assumptions behind market-shaping transactions.
Expectations for members
In order to achieve the most success in this organization, it is up to every member to individually work on their network and skillset in order to place in a highly competitive position. It is our promise as an executive board to make sure that we are working as hard as every individual member. We guarantee that the time we give to you will be worthwhile, but we expect the same.
REQUIREMENTS FOR ADMISSION
Work Ethic: As this is a highly selective Scholastic Organization, we expect each member to be admitted to understand that they commit to each meeting (~8-9 a semester). These meetings are less frequent than they can be, but will maximize the time used.
Grade Point Average: To adhere to our scholastic backers, we are looking for students with a 3.70 (out of 4.0) and above Cumulative GPA. In unique and specialized cases, we make exceptions, but we mirror this expectation in line with most actual high-profile Capital Markets careers-- These careers require precision and academic merit, we do too.
Recruitment Overview: Recruitment is segmented into two primary buckets, TCMS Academy and general recruiting. TCMS Academy recruiting is a separate process dedicated to freshmen and sophomores, for more information please refer to the TCMS Academy page. General recruiting is for spring semester sophomores and above, which involves an industry-like interview following application.
Topics covered in year course:
Career Preparation: Interviewing, Networking, LinkedIn, and Resume Building
Financial Topics: Valuation, Discounted Cash Flow Analysis, Trading Multiples, EBIT, EBITDA, WACC, Operating Model, Leveraged Buyouts, Un-levered Free Cash Flow, Gordon Growth, Mergers & Acquisitions, and Financial Statement Analysis
Industry Introduction: Investment Banking, Private Equity, Sales & Trading, Management Consulting, Equity/Debt Capital Markets, Equity Research, and M&A law
Technical Skills: Financial Modeling, Sensitivity Analysis, Cell Referencing, Named Ranges and Hotkeys
Competitions: Private Business Valuation Competitions (& Transaction Team Valuation of Businesses in Knoxville Area), and Hedge Fund Competitions
Industry Speakers: Various UT Alumni and potential industry guests
Founding Members: Grayson Niehaus and Sebastian Soldner
Grayson Niehaus and Sebastian Soldner founded the Tennessee Capital Markets Society (TCMS) in Fall of 2016. Since its inception, TCMS has become an officially recognized scholastic organization in the state of Tennessee and has had regular placed students Investment Banking, Commodities Trading, Management Consulting, and Equity Research jobs.