Andreas Park PRO
Professor of Finance at UofT
Over the next 3-5 years, executives plan on using:
over 50% of executives believe that more than 40% of jobs will change fundamentally
relative wage=avg wage in finance/avg rest of economy
Source: Philippon (AER 2015) "Has the U.S. Finance Industry Become Less Efficient?"
master analytics
master applications
data
tech infrastructure
Finance = predicting
predicting = ever cheaper
find new things to predict
get replaced by those who find new things
new tech enables new players
Disseminate: New course offerings
BCom
MFRM
MBA
MFin
ExecEd
Develop Understanding & Dissemination: Industry Engagement
Summer of 2018: FinHub ran several projects with FIs, jointly with Engineering's CMTE
Develop Understanding & Dissemination: Industry Engagement
Summer of 2018: FinHub ran several projects with FIs, jointly with Engineering's CMTE
TD Bank
(5 projects, e.g., data-driven universal collateral management)
Vexo
(blockchain-driven exempt market issuance solution)
TransUnion
(data-driven loan product)
Karen HR
(AI-driven HR)
Cogniframe
(data-driven loan analysis)
BluePier
(data-driven pension management)
Summer of 2019: FinHub
TD Bank
10 projects
possibly other FIs
possibly FinTechs
Students apply
FinHub processes preferences and checks whether candidates have the required skills
FinHub proposes teams to project partners.
Project partners and candidates ascertain if they are a good match.
Teams are formed
Step 1
Step 2
Step 3
Step 4
Step 5
Nov 6
until mid-Dec
end Jan
Feb 1
May 1
Step 6
Work begins
early Jan
Research
Industry Engagement
Teaching
@financeUTM
andreas.park@rotman.utoronto.ca
slides.com/ap248
sites.google.com/site/parkandreas/
By Andreas Park