MSc in Finance Private Banking & Wealth Management specialization: a link from Monaco to the world!
As part of the Alumni career follow up program, IUM ensures it stays up to date with the careers of our alumni. To this end, IUM recently met with Donal Warde, MSc in Finance alumnus (Private Banking & Wealth Management specialization), and Senior Analyst on the Investment Team of a private equity real estate firm in New York.
Hello Donal! you graduated from your MSc in Finance in 2011…why have you chosen this program at the time?
I chose the MSc in Finance program (Private Banking & Wealth Management specialization) because I wanted to specialize in finance. It is such a valuable skill set for any business role! I chose IUM’s program because I saw it as a link from Monaco to the world. The networking opportunities were fantastic and the evidence is my current job, which I got through IUM!
You are now working as Senior Analyst. Could you describe your job position?
The company is Real Estate Capital Partners and it has been investing in US real estate, primarily on behalf of European investors, for the last 26 years. My job involves analyzing, closing and asset managing various real estate investment opportunities in the US. For example, I recently worked on an rental apartment development deal in the suburbs of Atlanta, Georgia. The role involves market analysis, financial modelling, demographics research, etc. I also occasionally travel to see the assets, which is a great benefit, since real estate investments are tangible.
What are the main positive impacts of the MSc in Finance professionally and personally?
The MSc in Finance program (Private Banking & Wealth Management specialization) provided me with a base in financial analysis, markets and financial marketing that helped me integrate into an investment management role in New York. I had almost no experience in financial modelling (MS Excel) before IUM and now my role involves teaching it to interns. IUM professors and fellow students clearly helped improve my underwriting skills.
How do you see yourself in 5, 10 years?
I see myself in a leadership role in real estate investment management in the coming years. I love New York, so I see myself staying in this city for the long term.
What type of advice would you give to students who would like to enter in the industry you are working in?
The most important skill for a real estate analyst is going to be financial modelling, since that will be the bulk of your work in the early stages of your career, so make sure that you are very comfortable with this. I would get experience as early as possible, through internships (unpaid, if necessary). Real estate investing is more of a relationship business than other financial investing roles, so you need to be likable and be able to effectively communicate. Real estate investment management is definitely a growth industry, since large institutional investors such as pension funds are looking to allocate more capital to the sector.
What is your favorite quote?
« Buy land, they’re not making it anymore » – Mark Twain.
What is your favorite book?
It changes, but right now, it is « Total Recall: My Unbelievably True Life Story », by Arnold Schwarzenegger. He is one of the world’s most successful immigrants. Very inspirational.
Thank you Donal!
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