The Financial Economics Institute provides students with the opportunity to work closely with economics professors at CMC and assist the Institute staff with general operations.
Specific responsibilities include preparing and analyzing databases, programming, web site management, and administrative work for the Institute. In addition, students work with faculty members on a variety of empirically-based research projects. Past student/faculty research has included topics on:
- Whether shareholder value is created when boards of directors elect to give their managers the choice of exchanging their old out-of-the-money executive stock options for new at-the-money options.
- Whether CEOs with financial backgrounds over- or under-perform CEOs with more general “leadership” backgrounds.
- To what extent firms actively or passively manage their risk levels to achieve the desired risk profile.
- Whether the firm’s quality of accounting disclosures affects CEO job turnover.
- The impact of university governance structure on endowment performance.
- What determines variations in IPO filing ranges.
Student Research Analyst internships are available during the academic year and in the summer. Applications for internships during the academic year are accepted at the start of each semester and summer internship applications are due in the middle of the spring semester. Please check the FEI website’s home page for application due dates throughout the year. Application forms will be made available on our website in the Upcoming Events box and from Terri Van Eaton in Bauer Center 321.
Research Analysts collect and analyze data from corporate annual reports and filings, biographical directories, and major financial databases, including CRSP and Compustat.
Applicants must have a familiarity with and interest in business and finance topics. Economics, math, and computer science majors are encouraged to apply. Pay is competitive and students work between 6 and 10 hours per week during the academic year. Summer RAs are hired at the end of the spring semester and work approximately 37.5 hours per week during the summer.
Additionally, students have an opportunity to conduct research through the BMGI/Michael Larson Asset Management Fellowship Program which provides financial support and research experience for juniors and seniors at Claremont McKenna College who are interested in careers involving asset management and investment management. To learn more about this opportunity, visit here.