Ashley Salinas

5/26 Journal
This morning in the Data Analytics portion I learned about the various
functions that can be utilized in excel. In addition, I learned how to build an
amortization schedule and how to properly use the data validation tool in excel. I
learned how to use the VLOOKUP, HLOOKUP, growth, pmt, nper, rate, if, and
nested if functions in excel. I also learned how to properly calculate the loan
amount, deposit amount, principal amount and interest amount.

This afternoon, I learned that JP Morgan Chase is one of the numerous

universal banks. They offer four different lines of business (LOBs) including:
Asset Wealth Management, Commercial Banking, Consumer and Community
Banking, and Investment Banking. Kisha Porch was the guest speaker who dove
into the consumer and community banking LOB. In the consumer and community
LOB Kisha and her team offer services such as a checking account, savings
account, and credit cards, just to name a few. In other words, she deals with the
day-to-day interactions with the customers or individuals who want to take out a
business loan so that they can start up their own business. The Consumer and
Community Banking LOB serves every need of a customer at every point in their
life. John Stucker described what the commercial bank does and how it is
essentially like a house. He works with clients up to $2,000,000,000. Meredith
Beaupre covered the investment banking LOB—more specifically she deals with
middle market banking. Tiffany Roland represented the Asset Wealth Management
LOB.
I really enjoyed listening and obtaining a wealth of knowledge today from
the guest speakers. I enjoyed getting to hear different perspectives, as well as
different experiences or paths that the guest speakers and panelists took to get to
where they are now. What I found to be most interesting is that both Kisha Porch,
and Meredith Beaupre did not have banking on their radar, but have now made a
career out of banking.
The four questions I would ask are: What type of software do you utilize?
What type of software makes your day-to-day job more efficient? For an
accounting and finance double major what would be the biggest transition from
interning at a Big 4 to interning at a financial firm like JP Morgan Chase? Lastly,
what is the most challenging aspect of working for at JP Morgan Chase?