Oles in Economics: 2010
Ben Brown ('10): I graduated with majors in Math and Econ as well as concentrations in Statistics and Management Studies. A couple weeks after leaving the hill, I began working at Wells Fargo as a Risk Management Analyst in Strategic Auto Investments. We invest in auto-related asset-backed securities. Financing companies issues loans or leases to a pool of borrowers. Using those vehicles as collateral, we lend money to the finance companies so that they can issue more loans. Then, we receive the principal payments for the loans each month along with a negotiated interest payment. Many measures are taken to insure that we do not lose money. We make sure the pool is diversified, require more collateral than the amount we will lend, and set up cash reserve accounts to cover losses. It is a great career and I would be willing to tell you more about it and my job search senior year.