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Be an asset on day one.

The Financial Markets Institute (FMI) provides comprehensive training to a select group of highly motivated finance and accounting students at Broad. Scholars are offered invaluable professional opportunities, such as co-managing a multi-million dollar investment fund and visiting financial services firms across the United States. Based on student preparation, the institute provides employers with the confidence that FMI Scholars have the technical and soft skills necessary to make immediate contributions to their firms.

Front entrance of the Minskoff Pavilion at dusk

Gain a competitive edge.

After joining the institute, student scholars pursue a challenging academic program aligned with their professional interests. They are also actively mentored by industry professionals and receive training in resume writing, interviewing, networking and modeling.

Scholars leverage these experiences along with relationships fostered by the institute to secure summer internships and a full-time position, typically in investment banking, sales and trading, research or asset management. The institute also makes it easy for employers to hire students by offering the convenience of one-stop shopping.

Scholar Profile

The number of FMI Scholars typically varies from 25-30. Admission generally occurs early in a student’s sophomore year. On average, one-half of the students are members of the Honors College at Michigan State University as well as the Broad College of Business.

Most of the students have selected finance as their major; a few are majoring in accounting. Several are augmenting their studies with course work in economics, international business, a foreign language, computer science or CMSE (computational mathematics, science and engineering).

All of the students are leaders in organizations serving the university or the greater community, including student government, finance associations, consulting clubs, tutoring groups, and business and social fraternities.

View the PDF below for a full detailed roster of scholars.

Current FMI Scholars

Current FMI Scholars

Benjamin A. Eshiwani

Rylie V. Hendren

Lucas M. Iskra

Benjamin C. Jahnke

Daniel Lu

Jessica E. McCleary

Celia J. Oatis

Katja I. Oklejas

Vaska Pallanguri

Jack C. Vaglia

Jake L. Vallier

Tyler J. Will

Jonathan W. Zaremba

Adwait S. Ahire

Macklin P. Carron

Michael A. Crenshaw

Zachary M. DeLang

Dex M. Dremann

Joseph M. Edwards

Lucas Ezzo

Justin G. Goldie

Nolan N. Gutenschwager

Dylan M. Kiger

Cade A. Kozlowski

Brandon Kung

Robin K. Lewalski

Alyssa A. Mills

Pius K. Mithika

Parker K.E. Nolan

Jordan A. Polk

Samuel D. Scharich



The institute’s faculty director Andrei Simonov works closely with each FMI Scholar to construct a curricular plan that best meets the student’s academic and career interests. Depending on the specific nature of the financial markets career targeted, the mix of courses a student chooses can vary.

Students should plan to complete courses that build the strong quantitative skills that are important in all financial markets careers. Offerings in calculus, intermediate-level accounting and financial modeling are required. Additionally, students may elect to participate in a security analysis class that manages a multimillion dollar Student Investment Fund.

CFA Program

Students interested in pursuing careers as portfolio managers and investment advisors are strongly encouraged to consider the Chartered Financial Analyst (CFA) designation.

The Broad College of Business is a CFA Program Partner. For more information on the many benefits of this program, including scholarships to help cover the enrollment and registration costs associated with the first exam, visit the Department of Finance page on the CFA program.

Financial Markets Institute Greer in NYC

Joining the Institute

FMI Scholars enjoy many benefits, among them being:

  • One-on-one faculty advising with the institute’s academic director
  • Targeted career development support
  • An annual scholarship up to $1,000
  • Participation in institute road shows to financial institutions in New York, Chicago, etc.
  • Qualification for stipends to help defray the cost of the road shows and interview travel costs
  • Mentoring from the institute’s recent scholars and its broad alumni network

Application Process

The institute accepts applications once each fall and spring academic semester. For information on applying to become an FMI Scholar, please email the FMI.

Financial Markets Institute FAQ

Admission Criteria

Admission to the Financial Markets Institute is limited to a small group of select students who have been or are in the process of being admitted to the Broad College of Business. Admission is based on an application process separate from the college’s general application procedures. Finance or accounting is the major of choice for most applicants. Students from other MSU colleges who are also members of the Honors College may be considered.

Admissions decisions are based on several key factors including:

  • Cumulative grade-point average, precore grade-point average, and grades in completed mathematics and economics classes
  • Sustained interest in a career in financial markets as demonstrated by work experience/internships, active participation in related student organizations, etc.
  • Leadership capabilities as indicated in the Broad College of Business, MSU, work and community service experiences

Based on industry expectations, the institute is targeting applicants with a minimum cumulative grade-point average of 3.5 and strong quantitative skills. Students with applications that meet the above criteria will be invited to take a markets and accounting skills written assessment. Those with solid performance on that evaluation will be interviewed initially by the institute’s admissions committee for an opportunity to complete a final interview with a team of current FMI Scholars.

Group of FMI scholars pose for photo at Citigroup, dressed in business professional.

Events and Road Shows

FMI Scholars frequently travel as a group to major financial centers to meet with potential employers, learn about career specifics at each firm and begin the networking process that can lead to inclusion in internship and full-time employment recruiting.

Spring 2020 Events:

  • January 9:
    • FMI prospect meeting for freshman and sophomores in the Minskoff Pavilion
  • January 20:
    • Detroit area roadshow and FMI reception at the Townend Hotel in Birmingham
  • January 23:
    • British Petroleum Trading Simulation in Finance Analysis Laboratory (Eppley 104) from 6:00 pm – 7:30 pm
  • February 11:
    • Cowen International Mergers & Acquisitions in Minskoff Pavilion (M-220) from 5:00 pm – 6:30 pm
  • February 15 and 16:
    • Adventis Investment Banking Seminar
  • February 20:
    • Main Street Capital Private Equity in Minskoff Pavilion (M-235) from 6:00 pm to 7:30 pm
  • March 11-13:
    • Manhattan roadshow, NYSE tour and FMI reception at the NYC Marriott Downtown
  • May 1:
    • Graduation party for all FMI scholars and parents of the senior class
  • May 6-8:
    • Chicago roadshow and FMI reception at the Royal Sonesta Riverfront Hotel
FMI NYC Boardroom


Employers who wish to engage with the FMI and recruit our scholar talent can contact us via email.

We are pleased to have the following organizations among the firms which have recently hired our students for post-graduation positions or internships.

  • Antares Capital
  • Bank of America Merrill Lynch
  • Barclays Capital
  • BNP Paribas
  • Calder Capital, LLC
  • Citigroup
  • Cowen Inc.
  • Donnelly Penman & Partners
  • FINNEA Group
  • Goldman, Sachs & Co.
  • Houlihan Lokey
  • Macquarie Capital
  • Main Street Capital Corporation
  • Morgan Stanley
  • Shore Capital Partners
  • Stout
  • Wells Fargo Securities, LLC
  • William Blair & Company, LLC
Financial Market Institute Board Members 2009 to 2010

FMI Advisory Board

The FMI receives strong support from Michigan State and Broad College alumni and friends. Members of the FMI Advisory Board support the institute by advising faculty and staff on knowledge and skill requirements for industry careers, serving as mentors to scholars, introducing the institute to possible new employers and aiding with fundraising. Members of the 2019 – 2020 advisory board executive committee include Chrissy Svejnar (Ares Management), Jeffrey Kania (Citigroup), Ted Neely (Goldman Sachs) and Brian Van Elslander (Wells Fargo).

2019-2020 Advisory Board Members

Erik J. Brown

  • Co-Founder and Principal
  • Aspire Capital Partners, LLC

Scott J. Garlinghouse

  • Managing Director
  • Antares Capital LP

Steven J. Groya

  • Partner
  • Aldine Capital Partners

John D. Hart

  • Managing Director
  • P&M Corporate Finance, LLC

Adam B. Hinman

  • Analyst
  • Apollo Global Management

Jeffrey G. Kania

  • Managing Director
  • Citigroup

Mary M. Maguire

  • Associate
  • Tribe Capital
  • Scholar Alumnus

Cameron A. Marshall

  • Senior Vice President
  • Macquarie Capital

Alec C. McAree

  • Founder and Managing Partner
  • Red Cedar Management, LP

Brian J. Moncrief

  • Managing Director
  • Ares Management LLC

Ted K. Neely

  • Managing Director
  • Goldman, Sachs & Co.

S. Nicholas Nefouse

  • Managing Director
  • BlackRock

Anthony M. Novara

  • Research Director
  • DiMeo Schneider & Associates, LLC

Christopher J. Raymond

  • Managing Director
  • Piper Jaffray Companies

Matthew J. Ryan

  • Managing Director
  • Houlihan Lokey, Inc.

Steven M. Savickas

  • Sr. Vice President
  • Jefferies & Company, Inc.

Stan C. Sokolowski III

  • Deputy Chief Investment Officer
  • CIFC Asset Management

Chrissy Lamont Svejnar

  • Managing Director
  • Ares Management LLC

Richard J. Terres

  • Partner
  • Spruceview Capital Partners

Philip J. Timyan

  • Director
  • Royal Bank

Steven R. Tole

  • Partner
  • William Blair & Company, LLC

Kim-Marie Vancleef

  • Commercial Director, North American M&A Advisory
  • Ducker Frontier

Eric J. Van Dam

  • Managing Director
  • Cowen and Company

Brian J. Van Elslander

  • Managing Director and Head of Private Strategies
  • Wells Fargo Asset Management

David J. Vargo

  • Director of Research (Retired)
  • Fidelity Investments

G. Geoffrey Booth

  • Lifetime Honorary Board Member
  • Frederick S. Addy Distinguished Chair in Finance
  • Broad College of Business

Robert B. Duncan

  • Lifetime Honorary Board Member
  • Dean Emeritus
  • Broad College of Business

Scott E. Eston

  • Lifetime Honorary Board Member
  • COO & Partner (retired)
  • Grantham, Mayo, Van Otterloo & Co., LLC

Justin Ku

  • Associate
  • Platinum Equity

Michael Kmiec

  • Associate
  • Ares Management

Beckett Fabbie

  • Chief Human Resources Officer
  • Greentech Capital Advisors

Giving Back

MSU and Broad College alumni and friends support the institute in many ways:

  • Speak and meet one-on-one with FMI scholars
  • Host road show visits during trips to New York and Chicago
  • Hold fireside chats with scholars on campus
  • Participate in the FMI Association
  • Provide long-term financial support through an endowment

If you are interested in interacting with students, please email the FMI.

Providing Financial Support

The Financial Markets Institute is funded through private support. The institute is actively seeking contributions to its endowment fund to insure that the opportunities available for today’s students will remain options for future ones. To assure the institute’s long-term viability, consider providing financial support within the university’s secure online gift system [Fund name: Financial Markets Institute (FMI) Fund]. You can also send a check payable to “Michigan State University” to:

Business College Complex
632 Bogue St Rm N505
East Lansing, MI 48824

For more information about giving to FMI or the Broad College, please contact the college’s Development Office at (517) 353-4340.

FMI Association

The FMI Association is a network of Broad College/MSU alumni and friends working in financial services. Included are present and past members of the FMI Advisory Board and all former FMI Scholars. Upon request, members assist current scholars by answering career and industry questions, offering interview preparation, assisting with road show presentations, etc. The institute is pleased to share job vacancies with appropriate member segments. Please email the FMI to arrange. The institute encourages members to connect with each other to share information, explore business opportunities, etc.


If you have previously affiliated with the FMI Association and would like changes made to your listing and/or a current copy of the complete membership roster, email the FMI.

New Members

If you are interested in affiliating with the FMI Association, please email the FMI for more information.

Three women in Finance sit at a panel table


The first step in preparing for a career in the financial services industry is to understand it. Knowing the different paths possible, networking with people in the industry, building knowledge of the markets and how they operate, and preparing for the interview process are essential to success.

FMI Activities

MSU Financial Market Institute student Iceland Outing
Alyssa Mills (FMI) and Celia Oates (FMI) in Iceland
Financial Market Institute Golf Outing1
FMI friends at The Old Course, St. Andrews
Financial Markets Institute and Warren Buffet
Warren Buffett with Chris Letts (FMI Morgan Stanley)
FMI Director Dave Hawthorne and his wife, with Coach Izzo
FMI Director Dave Hawthorne and his wife, with Coach Izzo
Financial Markets Institute and Warren Buffet
Warren Buffett with FMI
MSU Business Student corporate logo headshot
Ben Jahnke (FMI) at Barclays
MSU Women
FMI scholars and Varsity Soccer Team athletes Celia Oates and Abby Gardiner
Financial Markets Institute Wall Street Sign

Contact Information