Bay Crest Partners Launches Summer Internship Program
New York, NY, June 10, 2009 – Bay Crest Partners LLC, an independent institutional brokerage and boutique equity research firm, today announced an intensive summer internship program to prepare qualified college students for jobs in the financial industry. The program this year consists of 13 interns and will last for 10 weeks, from June 1 through the week of August 7.
"Internship programs remain an integral part of a young person's preparation when it comes to learning a business and joining the workforce," said William Mulligan, Principal at Bay Crest Partners. "In the financial industry, many of the larger institutions have constrained resources for summer intern programs. By expanding our program, we are providing students with an exceptional opportunity to prepare themselves for working in the financial industry and for giving back to the communities in which they will eventually reside."
The basic program will consist of four different Bay Crest business courses through which the interns will rotate: The New York Stock Exchange, NYSE Alternext, the Bay Crest Trading Desk and Research Department, and Bay Crest Infrastructure and Support. In addition to experiencing each of these elements of Bay Crest's day-to-day operations, the interns will attend lectures twice a week on basic financial and business concepts. The interns will also work with some of Bay Crest's key vendors in order to learn the skills necessary to operate in Bay Crest's fast-paced environment, including training seminars with Bloomberg, Thomson Reuters and Greico Financial Training.
In early July the interns will separate into teams to begin a community service project. The teams will work together with community service organizations and will also participate in fundraising operations, with a prize being awarded to the team most successful in raising funds for its organization.
"With this internship program, Bay Crest aims to provide an environment in which our interns can learn about the financial industry and understand the importance of community service," said Eugene Croddick II, Principal at Bay Crest. "We're committed to bringing our business to the next level, and in our estimation, there's no better way to do that than by contributing to the education of exceptional young people. We hope this summer will be a wonderful learning experience and are confident that our interns will play a role in ensuring Bay Crest remains one of the best institutional brokerages on the Street."
About Bay Crest Partners
Founded in 1993, Bay Crest Partners LLC is independently owned and specializes in agency executions of blocks of equities and options for the institutional investor community, and has recently launched a fixed-income platform as well. Bay Crest Partners offers fast, efficient and direct access to both screen- and floor-based liquidity through state-of-the-art upstairs trading operations and a presence on the exchange floors. The firm is also home to a boutique equity research department. The Company is a Member Firm of FINRA, the New York Stock Exchange, NYSE Alternext, NASDAQ, ISE, and ARCA.
Bay Crest Partners is one of the largest independent member firms on the floor of the NYSE both in volume and in physical presence. The firm executed over 2.5 billion US equity shares and over 78.5 million equity and index option contracts in 2008.
Media contact: Tyler Bradford, Hewes Communications, Inc., (212) 207-9454