Name: Caroline Ryng
Job Title: Rotational Analyst, Federal Reserve Bank of New York
Education: Bentley University
Euro Challenge Class: 2010
Hometown: Easton, CT
Hobbies: Traveling, puzzles, and kayaking
Caroline is currently a Rotational Analyst at the New York Fed, working within the Markets Group. She started at the Fed right out of school, and has been working there for two months. As a member of the Markets Group, Caroline analyzes various financial arenas like equities and credit alongside senior specialists. She became interested in working for the Fed after competing in high school Euro and Fed Challenge, discovering a fascination with monetary policy in the process. Caroline went on to double-major in Economics-Finance and Liberal Studies with a concentration in Global Perspectives, graduating from Bentley University’s Honors Program in three years. While at Bentley, Caroline completed an internship abroad in London, UK, with a small economics consultancy firm that does work for many globally recognizable names, including the European Commission and the British Parliament. She also worked as a Research Assistant for a professor on campus studying campaign financing.
For students considering the Euro Challenge competition, Caroline highly recommends “Go for it! Even if you don’t already have a background in economics or the EU!” Caroline and her teammates competed without ever having taken an economics class, and she actually decided to pursue an Economics degree in college after participating. Caroline believes that “economics has a hand in almost every aspect of daily life, and getting a head start in understanding the fundamentals is invaluable in today’s fast-paced global markets – gaining this perspective from the standpoint of a foreign central bank as prominent and unique as the ECB is an added bonus!”
Name: Jeremy Tarica
Job Title: Banking Analyst at the Bank of America Merrill Lynch
Education: Vanderbilt University, George W. Hewlett High School
Euro Challenge Class: 2010
Hometown: Hewlett, New York
Hobbies: Lacrosse, Football, Poker, Traveling, and meeting new people.
Jeremy Tarica is a banking analyst at the Bank of America Merrill Lynch. He advises companies on strategic and financial alternatives that are aimed at growing a company and returning capital to shareholders.
In May 2016, Jeremy graduated from Vanderbilt University, where he studied Human and Organizational Development and Financial Economics. His interest in finance and economics stems largely from his participation in the Euro Challenge. The experience, he says, opened his eyes to the intricacies of monetary policy and the economy as a whole.
During summer breaks, he pursued multiple internship opportunities in New York City, a practice he strongly encourages other students to do. Most notably, he interned at the Bank of America Merrill Lynch as an Investment banking analyst in the Telecommunications, Media, and Technology (TMT) group. The internship led to his current position at the company.
Jeremy sees the Euro Challenge as one of the most pivotal academic experiences of his life. “The ability to discuss ECB policy and future economic considerations in front of—and with—ECB policymakers is beyond rare for 9th and 10th grade students,” he says. “It’s important to realize that and make the most of it.” Jeremy also contributes his drive for success to the Euro Challenge, which exposed him to the fun and value of high-pressure, healthy competition. He remembers how nervous he was when he was about to present with his team. His advice? “Just breathe and trust your team. No matter what, it will be an incredibly enjoyable learning experience.”
Name: Alaukita Shah
Job Title: Analyst at Goldman Sachs
Education: Cornell University, East Brunswick High School
Euro Challenge Class: 2011
Hometown: East Brunswick, NJ
Hobbies: Traveling and dancing
Alaukita Shah is an analyst at Goldman Sachs in the Investment Management Division. In her position, Alaukita evaluates hedge funds to see if they are good investments for her clients. Alaukita became aware of the position at Goldman Sachs through her alma mater, Cornell University. In May 2016, she graduated from Cornell with a Bachelor of Science degree in Applied Economics and Management. By attending Cornell, Alaukita says, she was able to study finance with the best professors in the world, while staying close to her home in East Brunswick, New Jersey.
After participating in the Euro Challenge, Alaukita developed the passion to pursue a career in finance. The program helped her grow because it required her to present an analysis to a group of very qualified and high-ranking people in the business world. In preparation, she spent hours researching macroeconomics, the Sovereign Debt Crisis, and anything else she might need to know to succeed in the competition. She came to understand how economies were connected and how the macro environment affected global markets.
What’s her advice for participating students? “Work your hardest, research anything and everything that may be related to your topic, anticipate questions, practice your presentation as much as possible—and make sure to enjoy the moment!”
Name: Hassan Hamade
Job Title: Risk Management Analyst
Education: Brown University, Bronx High School of Science
Euro Challenge Class: 2010
Hometown: Queens, NY
Hobbies: Weight lifting, reading, and meditation
Hassan Hamade is a risk management analyst at PolyPaths, a company that makes software for firms and individuals that trade fixed income derivatives. In his current position, he models risk and rewards using the proprietary Polypaths software.
Although he was a biotechnology major at Brown University and a cancer researcher in high school, Hassan always had a deep obsession with markets. He participated in the Euro Challenge because he was curious about how the global recession could impact Greece’s recovery. The Euro Challenge cemented his interest in finance and economics and showed him that there were many unanswered questions left to solve.
Hassan believes that the most beneficial part of the Euro Challenge is that it introduced him to macroeconomic theory. Before the Euro Challenge, he says, “I did not even know how governments raise money by selling bonds, or what interest rates are!” His advice to students participating in the Euro Challenge is to “Read! Read Smith, Keynes, and Mankiw. It will help you develop both personally and intellectually. Be open to new ideas, learn to entertain foreign thoughts, but ultimately make your own decisions for what is ‘correct’ and what is not.”