Financial Study Association Groningen
International Financial Program
Brazil
IFP April 2013 What’s in it for you? Research possibilities Promising country
Main Partners Risk
About financial study association Risk Risk is the study association for Accountancy, Controlling, Finance and the financial interested student at the University of Groningen. Risk has set itself the goal to close the gap between theory and practice in the areas of Finance, Accountancy & Controlling, Organizational & Management Control and International Financial Management. Risk organizes activities for students at the Faculty of Economics and Business and is affiliated to the Economics and Business Faculty Association (EBF). Study Association Risk was founded some 23 years ago. Since 1989, the association has grown to become one of the most professional study associations of The Netherlands with more than most 1000 members. There are around 70 active members, who organize a range of different activities such as the Banking Tour, Risk Conference, Multinational Cycle and the International Financial Program. This gives students the opportunity to develop themselves alongside their study.
International Financial Program The International Financial Program (IFP) is an initiative of financial study association Risk. The IFP is a research trip for financially interested students whom would like to broaden their horizon. It is a multidimensional project in which students will enhance themselves professionally by conducting research for (Dutch) companies. The program has been established in 2006 and has proven to be a great experience for students and a great success for companies. Previous destinations of the IFP include Argentina, Malaysia, Mexico, Panama & Costa Rica.
IFP’s destination for 2013 will be Brazil. In April 2013 the 21 selected students will travel to our destination to start with the research.
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International Financial Program 2013
Our destination: Brazil Brazil is South America’s largest country and is expected to be the world’s 5th largest economy by the end of 2012. Brazil is the largest foreign direct investment (FDI) recipient in Latin America, making it a perfect country to do business in. Up until now ports were relatively unused in Brazil due to several infrastructural problems with which Brazil is still coping. The government is planning to more than double the participation of water transportation from 14% to 29%. This is an interesting development, especially for the specialists in water technology: the Dutch. With trading partners all around the world the export of Brazil is growing every year in which the roll of the Netherlands is from substantial importance. The Netherlands is after the United States the biggest investor and 4th largest export partner. With trade missions to Brazil the Dutch government is even trying to improve the trading relation. With a very broad economy Brazil is still a very interesting market to invest in. Interesting sectors for Dutch companies are:
- Food processing
-Oil and Gas
- Maritime sector
-Infrastructure (seaports, logistics)
- (Intelligent) Transportation
-Sustainable energy
- Tourism
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IFP Outline The International Financial Program has a unique setup in which student conduct research but also participate in the preparation of the trip. Therefore students are recruited in an early stage and are part of research groups as well as subcommittees. This setup is visualized in the organizational chart below.
Preparation Phase From this moment on the students are actively involved in the project. During this period the students are provided with the necessary skills and knowledge that will enable them to successfully perform the field research. This will be done during lectures and workshops given by guest speakers.
Desk Phase In January the research groups will start with their individual research assignment. From this phase on the students cooperate with professors from the University of Groningen in order to enhance the quality of the research. For four months the students are now highly intensive engaged in the research and will, in corporation with the companies, setup a research framework and determine the contents of the research.
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International Financial Program 2013
Field research Phase On the 14th of April we will leave for our destination – Brazil. This phase of three weeks will be marked by conducting research, which will mainly consist of visiting companies, taking interviews and gathering information. During two weeks of field research the students will be supported by the professors that also travel to Brazil.
Reporting Phase After returning from Brazil the research groups will process the information gathered so far and write a report covering the research question. In July the students will present the final version of the research to the assigned company.
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What we offer The International Financial Program selects 21 adequate students who have made substantial progress in their studies. They have been selected by strict criteria after which only the most motivated students remain. These motivated students form the basis of the research project. Two academic professors will guide the students throughout the entire process to ensure academic standards and function as cornerstone to assure high quality research. The program provides the company a unique opportunity to work together with selected students, have many contact moments with them and obtain a high quality research that broadens the horizon of the organization. All these beneficial aspects of the research will be obtained only at cost.
The students participating in the program are students that have affinity in the field of finance and accounting. Areas for research are numerous and largely depend on the needs and wishes expressed by the company. In the initial phase participants will come up with suggestions for research or work out ideas proposed by the company. Examples of subjects examined in previous years are: microcredit, market research, risk analysis, investment analysis and the conducting of audits.
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International Financial Program 2013
Over the years the IFP has conducted research for: -Deloitte
-FOM
-Sara Lee
-Rabobank
-KPMG
-SOMO
-Dutch Ministry of Economic Affairs
-Corus
-TNT
-SNS
Topics that were covered in our researches: - The fiscal climate in Panama - General market and investment research - The expansion of the Panama Canal & banking climate - Working conditions in Mexico
Next to our research we can also offer an Inhouse Day at your company. If desired, one of our external relations managers will be delighted to elaborate the possibilities for research or an inhouse day. Please do not hesitate to contact one of our external relations managers Emma Molenaar (+31 (0)6 361 84 032), Tom Ruiter (+31 (0)6 475 89 079) or Koen Seebus (+31 (0)6 194 43 085)
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Participating students All participants are students of the Faculty of Economics and Business and subjected to strict selection criteria. Only students that have made substantial progress in their studies are eligible for this program. They primarily are in the final phase of their Bachelor studies, or are Master students. Preferably, all students follow a financially oriented study.
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Anne-Loes van der Maas Bob ten Have BSc Accountancy & BSc Bedrijfskunde Controlling
Boudewijn van Vloten Dissevelt Christiaan Martin BSc International BSc Economics Business
Casper Hoving MSc International Business & Management
Eline Brinkhuis BSc Accountancy & Controlling
Elsbeth Habets BSc Accountancy & Controlling
Ilse Ballast BSc International Business & Management
Judith Werkhoven Kees Liefkens BSc International MSc Finance Business & Management
Nicolien van Nes BSc Accountancy & Controlling
Pieter Tiddens BSc Bedrijfskunde
Robbert Pels MSc International Financial Management
Ruud Schrijver BSc Bedrijfskunde
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International Financial Program 2013
Tim Jokhorst MSc International Financial Management
Eva Huis in ‘t Veld BSc Bedrijfseconomie
The International Financial Program Board 2013
F.l.t.r. :
Liselle Lobo Chairman MSc Finance Koen Seebus Commercial relations BSc Bedrijfskunde Tom Ruiter Commercial relations BSc Bedrijfseconomie J채rvin van Veen PR & logistics BSc Accountancy & Controlling Emma Molenaar Commercial relations BSc Economics
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International Financial Program 2013
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Board of Recommendation Dhr. P. Zwetsloot Unitmanager Emerging and Distant Market of the Department for International Business at Ministry of Economic Affairs
Dhr. M. Elamparuthi Business Developer at VTTI
Prof. Dr. D.M. Swagerman Professor at the University of Groningen
Dhr. W. de Boer Ambassador Panama
Prof. Dr. D. De Waard Partner Ernst & Young Accountants
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International Financial Program 2013
Academic Supervisors
dr. N. Brunia, ing.
prof. dr. D.M. Swagerman
prof. dr. J.W. Velthuijsen
Field/Discipline:
Field/Discipline:
Field/Discipline:
Risk
Finance Economics, General Engineering Marine
Accounting Management Business Organization Studie
Accounting Finance Energy Sustainability
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Financial Study Association Risk
Tel:
Landleven 5
E-mail: ifp@verenigingrisk.nl
5414.0040
Website: www.riskifp.nl
P.O. Box 800 9700 AV Groningen, The Netherlands
Main Partners Risk
+31 (0)50-363 73 06