"The Internship": D.A. Davidson & Co. Launches Student Competition.Two Ambitious Student Investment Program Participants to Receive Prestigious Brokerage Internship and a $2,500 Investment Account GREAT FALLS, Mont. -- In its ongoing commitment to financial literacy, Northwest-based investment firm D.A. Davidson & Co. today launched "The Internship," a competition to encourage senior-level undergraduate students to explore the financial services industry. Two internships will be awarded to the business students who exhibit leadership, financial prowess, overall academic achievement and who put their best foot forward as a team member participating in the company's 2007-2008 Student Investment Program. To be eligible, students must be juniors, seniors or graduate students from one of the 20 universities or colleges participating in D.A. Davidson's Student Investment Program, currently in its 22nd year. Interested students must complete and submit a job application to their professor by October 22, 2007. Applicants are then encouraged to rally their peers for nominations to their professor who will provide recommendations to the Davidson Internship Committee. The Davidson Internship Committee will select the top candidates for interviews with senior executives at the company's corporate headquarters in Great Falls, Montana Great Falls is a city located in Cascade County, Montana, United States. As of the 2000 census, the city had a total population of 56,690. It is the county seat of Cascade CountyGR6 . "Davidson Companies is committed to furthering financial literacy amongst students and young professionals, and we believe that giving students hands-on experience with investing as a team is invaluable," said Ian B. Davidson, chairman of Davidson Companies and D.A. Davidson & Co., and founder of the Student Investment Program. "The internship competition is designed to also reward the students individually, allowing two hard-working students to work alongside those in the trenches to advance their careers." D.A. Davidson executives will begin interviews with selected candidates the week of January 14, 2008. The chosen students will be announced February 11, 2008 and will each receive $2,500 for their own D.A. Davidson investment account or in the form of a scholarship. The full-time, 12-week paid internship will begin in the late spring and includes a meal stipend, paid lodging in Great Falls, Mont. and the opportunity to earn a Series 7 license, the Financial Industry Regulatory Authority Not to be confused with NASD. In the United States, the Financial Industry Regulatory Authority (FINRA) is a new self-regulatory organization (SRO) under the Securities Exchange Act of 1934, successor to the National Association of Securities Dealers, Inc. (NASD). license that allows financial professionals to buy and sell securities. Two runner-up candidates in the competition will each receive $1,000 in a D.A. Davidson investment account or in the form of a scholarship. The Student Investment Program provides students from colleges and universities throughout the Northwest and Rocky Mountain regions with $50,000 per school, to be invested in the markets over the course of the year. Unlike programs that offer simulated investing experiences, these students use real money, pay execution costs Execution costs The difference between the execution price of a security and the price that would have existed in the absence of a trade, which can be further divided into market impact costs and market timing costs. and earn interest on cash and dividends on securities. Most importantly, the schools share in the profits. Student teams make investment decisions with a D.A. Davidson & Co. financial consultant as an advisor, and each school receives one-half of the student's earnings above 5 percent to spend as it chooses. Davidson Companies loans schools the initial $50,000 investment and absorbs any losses. To date, D.A. Davidson has contributed more than $300,000 of the student earnings to the participating schools. The program's 2006-2007 year concluded at the end of August, with 80 percent of the 20 Davidson Student Investment program portfolios having experienced some appreciation in value. The University of Oregon The University of Oregon is a public university located in Eugene, Oregon. The university was founded in 1876, graduating its first class two years later. The University of Oregon is one of 60 members of the Association of American Universities. team ended the investment year with the highest return on the $50,000 investment for a 29.35 percent, or $13,417 increase. Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. earned the second highest return, at 29.07 percent, and Washington State University Washington State University, at Pullman; land-grant and state supported; chartered 1890, opened 1892 as an agriculture college. From 1905 to 1959 it was the State College of Washington. was third with a 21.86 percent return. The other participating schools include: Boise State University; Brigham Young University in Provo, Utah; Carroll College in Helena, Mont.; Eastern Washington University Eastern Washington University - A university 20 miles southwest of Spokane, WA on the edge of the rolling Palouse Prairie. http://ewu.edu/. Address: Cheney, Washington, USA. in Cheney, Wash.; Gonzaga University in Spokane, Wash.; Montana State University Montana State University, at Bozeman; land-grant; coeducational; chartered 1893. It is primarily a technical institution specializing in agriculture, engineering, and applied sciences. The Museum of the Rockies is there. in Bozeman; Montana State University-Billings; Seattle University; University of Colorado University of Colorado may refer to:
About D.A. Davidson & Co. D.A. Davidson & Co. (www.dadavidson.com) is one of the largest full-service regional investment firms, providing financial services to investors and corporate clients nationwide, with a strong focus on the West and Midwest. The firm is recognized for its award-winning research, as well as the Davidson 99 Regional Stock Index(SM), a benchmark of the Northwest's economic landscape. Founded in 1935, D.A. Davidson & Co. has offices in 16 states and is an employee-owned company headquartered in Great Falls, Montana. The company is part of Davidson Companies, a comprehensive financial services holding company. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion