MBA student Oana Ariana Batori (August 2010 graduate) recently became the first Purdue student, from any Purdue campus, to be hired at The World Bank. Ms. Batori will be a Short-Term Consultant in the Corporate Portfolio Management Department of the International Finance Corporation (IFC), one of the five institutions which form the World Bank Group. The IFC promotes economic development through the private sector by investing in sustainable private enterprises from developing countries. It also provides equity, long-term loans, structured finance, risk management products, and advisory services for the same target clients. She will be working on building corporate valuation models for IFC’s potential investments in these target countries.
Ms. Batori had her first interview at the end of last year and a series of multiple interviews online and via the telephone. She noted that “the interviews were extremely technical and intense, about one and a half hour each and they required serious knowledge in finance ranging from corporate valuation, forecasting a company performance and building financial models to derivatives, option pricing theory, vector error correction models and financial markets related topics.” Finally, she said “overall it was an effort but it is worth it and I would do it all over again if I had to.”
Ariana worked closely with Prof. Dimitrios Tsoukalas throughout her MBA program since she was his student in MGMT 671 (Quantitative Methods II). Prof. Tsoukalas says that Ariana was “the best student I ever had in that course. She is a highly intelligent, responsible and hard working individual.” Following that class, Ariana worked for Prof. Tsoukalas as his research assistant and as a supplemental instructor for ECON 360 (Econometrics).
Recognizing her potential, Prof. Tsoukalas invited her to participate in an academic research project. The project, “Relationships Among European Equity Markets: Multivariate Cointegration and Causality Evidence across Developed and Emerging Countries” has been published in the prestigious Journal of International Finance and Economics. She has also written another paper “Stock Returns and Exchange Rates” with Prof. Tsoukalas and Prof. Miranda which will soon be submitted to review at an academic journal. “I am very proud of her,” said Prof. Tsoukalas.