{"id":1942,"date":"2006-07-16T15:09:00","date_gmt":"2006-07-16T19:09:00","guid":{"rendered":"https:\/\/engineering.jhu.edu\/magazine-archive\/?p=1942"},"modified":"2014-12-16T15:13:44","modified_gmt":"2014-12-16T20:13:44","slug":"beacon-wall-street","status":"publish","type":"post","link":"https:\/\/engineering.jhu.edu\/magazine-archive\/2006\/07\/beacon-wall-street\/","title":{"rendered":"A Beacon on Wall Street"},"content":{"rendered":"<p><strong>Morgan Stanley executive Marshal L. Salant \u201980 actively recruits Johns Hopkins students to learn and earn in the world of finance.<\/strong><\/p>\n<figure id=\"attachment_1947\" class=\"wp-caption alignleft\" style=\"width: 544px\"><a href=\"https:\/\/engineering.jhu.edu\/magazine-archive\/wp-content\/uploads\/2014\/07\/alumniupfront02.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1947\" src=\"https:\/\/engineering.jhu.edu\/magazine-archive\/wp-content\/uploads\/2014\/07\/alumniupfront02.jpg\" alt=\"Honored by the Johns Hopkins University Alumni Association with a 2001 Heritage Award, Marshal L. Salant \u201980 this spring gave the Harriet Shriver Rogers Lecture at the Whiting School\u2019s Convocation. His talk on May 8 showed students a path \u201cFrom Engineering to Business in Three Easy Steps.\u201d\" width=\"534\" height=\"723\" srcset=\"https:\/\/engineering.jhu.edu\/magazine-archive\/wp-content\/uploads\/2014\/07\/alumniupfront02.jpg 534w, https:\/\/engineering.jhu.edu\/magazine-archive\/wp-content\/uploads\/2014\/07\/alumniupfront02-221x300.jpg 221w\" sizes=\"auto, (max-width: 534px) 100vw, 534px\" \/><\/a><figcaption class=\"wp-caption-text\">Honored by the Johns Hopkins University Alumni Association with a 2001 Heritage Award, Marshal L. Salant \u201980 this spring gave the Harriet Shriver Rogers Lecture at the Whiting School\u2019s Convocation. His talk on May 8 showed students a path \u201cFrom Engineering to Business in Three Easy Steps.\u201d<\/figcaption><\/figure>\n<p><strong>MARSHAL L. SALANT \u201980<\/strong> was in the first class to graduate from the newly formed Whiting School of Engineering. With a degree in Mathematical Sciences and an interest in economics, he replied to an ad for a position on Wall Street and\u2014to his amazement\u2014 got the job. Before long, he knew he had found his life\u2019s work. After earning an MBA from Harvard University, Salant joined Morgan Stanley, where he has worked in investment banking ever since and now serves as a managing director.<\/p>\n<p>Salant thinks of himself as a \u201cfinancial engineer.\u201d For more than 20 years, he has been on a mission to induce more Johns Hopkins graduates into playing the same kind of role on Wall Street. \u201cThere are a lot of talented people at Hopkins,\u201d he says, \u201cand we want to hire them.\u201d He believes that Hopkins graduates excel in the analytical problem-solving skills that financial companies prize, but that many of them overlook this opportunity. Salant works to open their eyes in several ways.<\/p>\n<p>Like many alumni, Salant comes back to the Homewood campus every year to recruit topdrawer talent for his company. His extensive experience on the Street enables him to spot the best prospects in both the Whiting School and the Krieger School of Arts and Sciences, and he can be very persuasive.<\/p>\n<p>Salant also was instrumental in the creation of the annual threeday Wall Street trip, which each January Intersession gives dozens of Hopkins students an intensive first-hand exposure to the financial world. Designed to acquaint students with the companies, the roles, and the vibe, the trip has opened doors for many Hopkins graduates over the years. Embedded in the trip is a work session with Salant himself. He reviews and critiques each student\u2019s r\u00e9sum\u00e9, coaches participants on effective interview techniques, and conducts a mock interview with one student to give the group a real-world lesson.<\/p>\n<p>He doesn\u2019t stop there. In 2000, he established and funded the Marshal L. Salant Student Investment Program, now part of the Center for Leadership Education. The program\u2019s portfolio management team includes undergraduates from both the Whiting and Krieger schools. With guidance from an advisory committee, they plan and execute investment strategies with real money. This adds to investing what friction adds to the physicist\u2019s calculations. \u201cInflation, commissions, expenses\u2014these are the \u2018friction\u2019 in the financial world,\u201d he says.<\/p>\n<blockquote><p><strong>There are a lot of talented people at Hopkins, and we want to hire them.<\/strong> <cite>MARSHAL L. SALANT \u201980<\/cite><\/p><\/blockquote>\n<p>The Salant Student Investment Program seems to be working very well. Not only are the students getting hands-on experience as investors, but they also have begun generating returns for the Salant fund. This year, it spun off enough profits to underwrite its first scholarship for an undergraduate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley executive Marshal L. Salant \u201980 actively recruits Johns Hopkins students to learn and earn in the world of finance. MARSHAL L. SALANT \u201980 was in the first class to graduate from the newly formed Whiting School of Engineering. With a degree in Mathematical Sciences and an interest in economics, he replied to an&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-1942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alumni-legacy","issue-summer-2006"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Beacon on Wall Street - JHU Engineering Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/engineering.jhu.edu\/magazine-archive\/2006\/07\/beacon-wall-street\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Beacon on Wall Street - JHU Engineering Magazine\" \/>\n<meta property=\"og:description\" content=\"Morgan Stanley executive Marshal L. 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