Fall 2019 Newsletter

                              Issue 3

Perella Department of Finance 


Welcome to the Fall newsletter! Students have returned to campus, and Lehigh is abuzz with academics and extracurricular pursuits. This newsletter is somewhat delayed as I’m still recovering from retinal detachment surgery.  

This past Spring 2019 semester, with the support of Dean Phillips, we embarked on an intense faculty recruitment initiative spearheaded by Prof. Kathleen Hanley. Our efforts were highly successful. On behalf of the Perella Department of Finance, I am happy to welcome two new outstanding faculty members to our team. 
Sterling Yan is our new Perella Chair who joins us as a full professor. He is an accomplished researcher and educator, with a significant reputation in the area of asset pricing. Next, Donald Bowen III, is a new assistant professor whose research and teaching interests focus on the application of data analytics in finance. The department is excited to have him offer a new course on this topic to our finance majors. More information on our new team members appears in this newsletter. I’m sure you’ll be impressed with the enhancement of our faculty footprint. 

One of the most enjoyable parts of my introduction is to talk about our students. This newsletter introduces some of our finance majors and their internship experiences. I’ve no doubt you’ll enjoy reading about them and possibly reliving your own experiences. These students make us proud and give us a sense of accomplishment that the Lehigh Finance major is a huge asset to any organization.

As always, I look forward to hearing from you with suggestions, and ideas.

Nandu Nayar
Professor of Finance
Hans Julius Bär Endowed Chair

New Perella Chair

Sterling Yan

Sterling Yan is a new Perella Chair and Professor of Finance at Lehigh. Prior to joining the Perella Department of Finance in 2019, Prof. Yan spent 18 years at the University of Missouri, as an assistant, associate, and full professor of finance. His main research interests include asset pricing, institutional investors, mutual funds, hedge funds, short selling, and liquidity. Prof. Yan has published extensively in top academic journals including Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Management Science, Journal of Financial and Quantitative Analysis, and Journal of Accounting Research. He is an associate editor of Journal of Financial Research and Asia-Pacific Journal of Financial Studies and his research has been cited in Business Week, The Economist, Financial Times, and Wall Street Journal.

Prof. Yan is in Rauch Business Center, office 491, and can be reached at

New Assistant Professor

Donald Bowen III

Donald Bowen joined the Perella Department of Finance at Lehigh University in 2019. His research focuses on corporate finance, with particular focus on the interplay between corporate investment, innovation, patent markets, venture capital, and IPOs.

Prof. Bowen’s research has been published in Management Science and presented broadly, including the Western Finance Association, NBER, UBC Winter Finance, Finance Research Association (FRA), and Midwestern Finance Association.

Prof. Bowen is in Rauch Business Center, office 460, and can be reached at 

Internship Insights
Summer Analyst, JPMorgan Chase & Co.

Sam Axel '20

“Through my summer internships, I was able to build skills in my finance and accounting majors and my real estate minor. At JPMorgan I enhanced my Excel skills and grew very comfortable presenting in front of senior leaders including managing directors. I also built stronger communication skills since often times I engaged in virtual meetings with employees spread throughout the world. JPMorgan encouraged networking and I was able to have dozens of coffee chats with full time employees across several lines of business."

Read more about Sam's summer internship and career goals. 

Internship Insights
Finance and Accounting Intern, Konica Minolta Business Solutions

Devin Crowley '21

“Through my summer internship I was able to receive valuable experience in corporate accounting by being immersed in the finance and accounting departments at Konica Minolta. I was able to understand the company structure and learned that there can be many additional facets to a company that go unrecognized from an outside perspective. I also learned the importance that working in a timely fashion leads to the best work, but also is beneficial to the department specifically in accounting with monthly closes. Through the more opened-ended tasks such as the IFRS revenue recognition model I created and investigative work, I was able to apply my problem-solving abilities to resolve problems. I took away that even if a task appears daunting or challenging, constant persistence and analysis will develop into a solution, that I can take pride in.”

Read more about Devin's summer internship and career goals.

Internship Insights
Research and Development Engineering Intern, West Pharmaceutical Services

Kristen Hoy '19

“One of the most important things I learned this summer was the importance of ‘why’ behind everything. From ‘why are consumers buying this product’ to ‘why are we as a company/team/department doing this?’ Asking and learning the ‘why’ in business is valuable because it makes sure you have your priorities in order, and you are on track with your project. Moreover, I learned the importance of collaboration and communication. My project would not have been successful without the help of my team, various West employees, and other interns. Whenever I was stuck or wanted an opinion on something, a fellow employee was always willing to help and provide a new perspective, and this really allowed my project to be successful. As I was writing this, I received an email that my project is continuing to be explored and it was due to a combination of everyone at the company working together.”
Read more about Kristen's summer internship and career goals.

Internship Insights
Sales & Trading Intern, Macquarie Group

Annika Jansa '20

“Working on the equities trading floor this summer was a very exciting experience. I was immersed in the markets every day, which increased my knowledge of the current political and economic landscape. I took advantage of the skills I learned from my financial modeling course to turn out various work products that provided value for senior people on the floor. Commodities financing allowed me to dive into research and data, and use that knowledge to conduct deep level analysis. I was then able to lead an hour long meeting with senior bankers where I presented an eight slide price projection pitch—sharpening my skills at synthesizing complex information and organizing a concise and clear work product."

Read more about Annika's summer internship and career goals. 

Internship Insights
Summer Intern, PricewaterhouseCoopers Assurance Practice

Matthew Steelman '20

“This summer showed me the value of having a strong team relationship. In order to ensure deadlines were met across the team, open and constant communication was key.

Additionally, I saw the value of networking via cross-team communication. There were times my team was able to leverage worksheets created from other teams to help expedite our processes, saving us significant time on certain aspects of the audit.”

Read more about Matthew's summer internship and career goals.

Internship Insights
Investment Banking Summer Analyst, Stifel

Jordan Weintraub '20

“My internship experience provided me with an invaluable experience that I will cherish moving forward. By working in a fast-paced dynamic environment, I had the ability to observe the top analysts on the floor, seeing what skills they possess that make them successful. I developed professional mannerisms that one can only learn through experience. Aside from gaining extensive knowledge in Excel and in PowerPoint, I enhanced my research, modeling, and valuation capabilities. My attention to detail and quality of work has exponentially improved since starting at Stifel. My biggest takeaway from the internship experience is the professional network that I have built over the summer. My internship class was filled with highly ambitious and intelligent people that will strive to accomplish great work in their respective fields. I still communicate with my internship class and will continue to do so throughout my career, regardless of where we all end up down the road.” 

Read more about Jordan's summer internship and career goals. 
Upcoming Events
Quant Financial Engineering Conference 2019
Date: November 15, 2019
Time: 8:00 AM to 5:00 PM
Location: Wood Dining Room, Iacocca Conference Center

A day of discussion, exploration, and networking around topics including deep learning, parallelization, Blockchain, and data analysis.This conference will bring together faculty and industry experts in the various fields of financial engineering and quantitative finance. There will be interactive discussions and opportunities to learn from each other with ample time to network. The aim is to promote an exchange of ideas and experiences among academics, professionals, and students. Learn more about the agenda and speakers, and register today!

CFS NYC Conference 2019: ESG Investing
Date: November 18, 2019
Time: 5:00 PM to 9:00 PM
Location: Refinitiv, 3 Times Square

This year's Center for Financial Services (CFS) Conference will focus on Environmental, Social, and Governance (ESG) factors in investing. Join us in NYC for a discussion on this controversial topic and network with industry peers. An expert panel will share their insights and knowledge on topics such as ESG’s rapid growth, ESG data analysis and scoring, sustainable funds' performance, and more. Young alumni discount available. 

Keynote: Henry McVey, Head of Global Macro and Asset Allocation & CIO, KKR 
Moderator: John Melvin '91, Managing Director & CIO, HIMCO 
Bridget Bartlett, Vice President, ESG & Impact Investing Strategy, Goldman Sachs
Ingrid Dyott, Managing Director, Senior Portfolio Manager, Neuberger Berman
Laura Kunkemueller, ESG Officer, Mellon
Noelle-Claire LeCann, Managing Principal, AlphaSource Advisors 
Henry Shilling, Director of Research, Sustainable Research and Analysis 

This conference is brought to you by the CFS in cooperation with the CFS Advisory Board, KKR, Lehigh Wall Street Council, and Refinitiv. Learn more about the event, and register today!
Finance Careers 
Corporate Finance

Do you strive to understand internal financial workings of a business? Are you a self starter who works well under pressure?
Real Estate

Do you have an entrepreneurial bent? Do you like working  independently? Are you interested in management and have good people skills?
Investment Banking

Do you have strong analytical abilities, a desire to work in M&A and valuation, and work well under pressure?
Sales & Trading (sales focused)

Do you have good people skills and are quick on your feet? Do you have a degree of persistence and a strong desire to understand capital markets?
Sales & Trading (quantitative)

Do you have good computational and computing skills coupled with a solid background in finance, economics, and accounting?
Learn More About Finance Careers
Meet the Finance Faculty
Support Lehigh Finance

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