언더우드 UIC 편집 · The company started its business by first providing loans to the upper...

t a b l e o f c o n t e n t s

1 U n d e r w o o d I n t e r n a t i o n a l C o l l e g e

2 D e l e g a t i o n

3 P r o g r a m

6 C o m p a n y V i s i t s

16 S t u d e n t R e f l e c t i o n s

Underwood International College The 3rd Global Career Tour 2009: London 1

Underwood international College

Underwood International College is a highly selective four-year college that serves as an intimate, elite

setting within the larger institution of Yonsei University. UIC takes its name from Yonsei’s founding

Underwood family to acknowledge its origins as the first modern institution of higher learning in Korea.

All instruction is conducted in English to facilitate and enhance multicultural and multinational

perspectives on campus. The college is open to students of all nationalities, and is devoted to educating

future global leaders and responsible democratic citizens. UIC boasts an innovative curriculum that seeks a

balance between a rigorous liberal arts foundation and diverse, often interdisciplinary, majors.

UIC is a vibrant, truly multinational, yet uniquely East Asian community. The academic curriculum, extra

curricular programs, and student organizations all capitalize on UIC’s distinctive location at the crossroads of

East Asia. UIC brings these pioneering students together with faculty who are committed to creating the best

institution of higher learning in East Asia, and share an enthusiasm for providing an innovative and rigorous

curriculum.

UIC students will be encouraged to take advantage of interdisciplinary majors and a unique Korean Studies

minor. They will also have opportunities to study abroad through close partnerships with peer institutions in

China, Japan, and other East Asian countries.

The Global Career Tour is a program for UIC students who aspire to become Global Leaders. For the

1st Global Career Tour, students went to Tokyo and Hong Kong, while the second tour took them to New

York City. In the 3rd Global Career Tour, select student delegates travelled to London where they visited

various multinational institutions.


D e L E G A T I O N

Professor & Staff

Professor Doowon Lee Associate Dean, Underwood International College

Kim Gyu Hyun T.A., School of Economics

Students Park Yejin Junior Economics Shu He Junior Economics Sung Seungyoon Junior Life Science and Biotechnology Lee Sun Kyung Sophomore International Studies Jung Eun Bi Sophomore International Studies Yang Kuan Sophomore Economics Kim So Youn Sophomore Economics Choi Soohyun Sophomore Economics Kim Soo Ji Sophomore Economics Ahn Hye Sung Freshman Undecided Nam Jin Young Freshman Undecided Jeon Yu Jin Freshman Undecided Kim Jeong Hyun Freshman Undecided Lim Hae Min Freshman Undecided Yoon Hye Jun Freshman Undecided


p r o g r a m

THE 3rd GLOBAL CAREER TOUR 2009: London

About the Tour Global Career Tour 2009: London is the program for UIC students who aspire to become Global Leaders. Selected student delegates will explore London, where they will visit various multinational institutions. The Tour will also organize special lectures by renowned professors and local experts to give students a valuable perspective on Europe markets and global careers.

11:00

Arrive at Incheon International Airport 13:10 ~ 16:20 Seoul – London

Depart for London Flight Number: KE907

Duration: 12 hours 10 minutes Hotel: Britannia International Hotel

163 Marsh Wall, London, E14 9SJ, UK Tel: 44 20 7712 0100 Fax: 44 20 7537 1938 Website: htt://www.britanniahotels.com/hotel_home.asp?Page=103

09:30 – 12:30 International Financial Services London (IFSL)

Address: 29-30 Cornhill, London EC3V 3NF Tel: 44 20 7213 9121 Fax: 44 20 7213 9130 Website: http://www.ifsl.org.uk

09:30 – 10:15 The role of London as a global financial center Patrick Lamb, Deputy Chief Executive

10:15 – 11:00 London’s response to the current financial crisis

Duncan Mckenzie, Director of Economics 11:00 – 11:15 Coffee Break 11:15 – 11:45 PPP’s and Korea Richard Normington, Senior Manager 11:45 – 12:30 Presentation on Trade Policy and progress on an EU’Korea Free Trade Agreement

Emma Carswell-Engle, Trade Policy Section 12:30 Lunch at IFSL

TUESDAY: FEBRUARY 24th London

WEDNESDAY: FEBRUARY 25th London


14:00 – 15:00 The Prudential Insurance Company

Host: James Wilcox Address: Laurence Pountney Hill, London, EC4R 0HH Tel: 44 20 7220 7588 Website: http://www.prudential.co.uk

18:30 Dinner

Host: Jae Ho Kang, UK Alumni Association of Yonsei University

10:00 – 11:00 Standard Chartered Bank

Host: Sir.Thomas Harris Address: 1 Basinghall Avenue, London, EC2V 5DD Tel: 44 (0)20 7885 7475 Fax: 44 (0)20 7885 1475 Website: http://www.standardchartered.com

15:00 – 16:30 McKinsey & Company (www.mckinsey.com)

Host: Andrew Macmillan & Jules Seely Address: No 1. Jermyn Street, London, SW1Y 4 UH Tel: 44 (0)207 961 5244 Contact: Samantha Marchant (Email: [email protected]) Yoonah Park (Tel :82-2-398-2690)

09:00 – 10:00 The London Stock Exchange (http://www.londonstockexchange.com)

Host: Darko Hajdukovic International Product Manager Primary Markets Address: 10 Paternoster Square, London EC4M 7LS Tel: 44 (0)207 797 3306

11:00 – 12:00 Meeting with UK Government Department (UK Trade and Investment)

Host: Claire Hobson Address: Kingsgate House, 66-74 Victoria Street, London, SW1E 6SW Tel: 44 (0)20 7215 8000 Website: http://www.uktradeinvest.gov.uk

12:00 – 13:00 Briefing by the City of London Corporation

Host: Peter Sissons, Head of International Affairs Address: Guidhall, London, EC2V 5AE Tel: 44 (0)20 7332 1020 Fax: 44 (0)20 7332 3616 Website: http://www.cityoflondon.gov.uk/corporation

14:00 – Hong Kong and Shanghai Banking Corporation

Host: Mr.Stephen Young Address: GMO International Team, HSBC, Level 41, 8 Canada Square, Canary Wharf, London, E15 5HQ Tel: Point of contact: Shaleen Moore, Personal Assistant, 44 (0)207 991 4778 Website: http://www.hsbc.co.uk

FRIDAY: FEBRUARY 27th London

THURSDAY: FEBRUARY 26th London


20:05 – London - Seoul

Depart for Seoul Flight number: KE 908 Duration: 10 hours 55 minutes

16:00 Arrival at Seoul

SUNDAY: MARCH 1st Seoul

SATURDAY: FEBRUARY 28th London


c o m p a n y v i s i t s IFSL • Prudential insurance • Standard chartered bank • McKinsey & Company •

London Stock Exchange • UK Trade and Investment • HSBC

IFSL industry: finance

International Financial Services, London, usually shortened to just IFSL, is a private-sector organization,

which promotes British financial services. IFSL is an independent, not-for-profit membership organization

with 40 years’ experience of promoting the UK-based financial services industry throughout the world.

Through its Liberalization of Trade In Services (LOTIS) Committee, IFSL brings together government and

the industry to work for the removal of barriers to trade in financial services. Its chairman, as of August 2005,

is Lord Levene of Portsoken. Its president is HRH the Duke of Kent.

Professor Lee is delivering the present at the end of presentation, IFLS

Mr. Patrick Lamb, Mr. Duncan Mckenszie, Mr. Richard Normington, and Ms. Emma Carswell-Engle

welcomed UIC students and explained many roles and values of IFSL. IFSL shows particular expertise in

three sectors: research, international markets, and trade policy.

*Research

IFSL is a leading provider of analysis and statistics on UK-based financial services. Its reports raise

awareness of London and the UK's role in international financial markets. The reports by IFSL have a huge

influence on government’s decision and are frequently cited by scholars and companies.


*International Markets

IFSL's International Group connects

the UK's financial services expertise to

international clients and markets, thereby

creating business opportunities for our

members.

*Trade Policy

IFSL works for greater liberalization of

trade in financial services. We represent

the industry in international negotiations

and make the case for market reform

worldwide.

IFSL has a membership drawn from

across the spectrum of the UK's financial

and related business services, including

trade and professional associations,

exchanges, the Bank of England, the City

of London Corporation and leading

international financial service companies

that are based in London. IFSL also works

closely with Government departments,

including UK Trade & Investment, the

Department of Trade and Industry, HM

Treasury, and the Office for National

Statistics.

From the lecture, UIC students got to

know London’s central role in the global

financial market better and how it exceeds

that of New York in many areas. In fact,

London has been ranked as the number

one global financial market last year.

Lecture at the IFSL conference roomMr.Patrick Lamb and Mr.Duncan Mckenszie from IFSL


IFSL grounds its roots on anti-protectionism, and focuses on promoting international trade while

emphasizing the interdependent relationship between countries. The priority markets, namely China, India,

The Gulf, Russia and the United States, according to IFSL, are the main concern of London’s outward trading

strategy.

IFSL also introduced the basic idea of PPP (Public Private Partnership). PPP has its advantage as a long

term partnership, which helps avoid political cycles. With its ability to terminate the contract, it keeps many

conflicts away from happening. IFSL’s PPP work is world renowned. IFSL works with overseas Governments

(at Central, Regional and Municipal level) that are wishing to learn more of the UK’s expertise in Public

Private Partnerships. IFSL is currently working with dozens of governments around the world in addition to

making contacts, organizing events, and providing information on PPP in the UK and elsewhere. IFSL acts as

a gateway to UK expertise within UK government and the private sector. The PPP Group’s members include

leading private sector experts in the banking, legal, advisory, accounting and risk management fields together

with government bodies such as Partnerships UK, National Audit Office, HM Treasury and the Department

of Health.

Prudential Insurance industry: financE

Based in UK and established in 1848, Prudential is now one of the most eminent international retail

financial services company with 21 million customers, policyholders, and unit holders located across the U.S,

the U.K, and Asia. It manages personal banking, insurance, pensions, retail investments, international fund

management, and property investments. Mr. James Wilcox gave UIC students a detailed presentation on

Prudential’s history, operations, and its place after the global financial crisis.

The company started its business by first providing loans to the upper middle class, such as professionals

and working people. After successfully establishing its operations in UK, it underwent rapid expansions out

of the company such as India, Malaysia, and Hong Kong in 1923. Currently Prudential is the largest insurer

in Asia, present in countries such as Taiwan, Japan, Singapore, and Korea. Mr. Wilcox also introduced some

of the interesting pasts of Prudential: one third of the demised people during the Second World War and one

fifth of the passengers in Titanic were insured by Prudential.

The cause for the current financial crisis, how insurers are to prepare, and prudential’s role in helping

insurers were further explained by Mr. Wilcox. He saw the failure of macroeconomics across the globe during

the past 10 to 20 years as the main cause for our economic difficulties. The impact of China and the large

debts of Western countries were also mentioned in describing such. He also gave tips on asset management

for insurers – the importance of calculating risk and taking inflation into account. Prudential strives to help

its customers to do so by providing various financial services.


Standard Chartered Bank industry: financE

Standard Chartered Bank, which is well known in Korea

for acquiring Korea First Bank, aims to be the world’s best

international bank, leading the way in Asia, Africa, and the

Middle East. The company has its headquarters in London,

but owns no retail banks in England. It was impressive for

UIC students to see the many SC branches in regions other

than the UK, but the speaker, admitted that operating in

Asia, Africa, and the Middle East was challenging due to

governmental regulations and lower saving rate. He

advised that simpler regulatory systems will attract more

foreign direct investment in Korea. Nevertheless, SC’s

profits are on the rise. Its performance was not affected by

the current financial crisis, due to careful risk management

under the single regulatory system of London, maintaining

its focus on private banking, and doing relatively less

investment in the US and European regions. Specifically,

SC’s consumer banking area has over 14 million customers

and this also includes SME (Small and Medium

Enterprises) customers. The wholesale banking area, based

on a relation driven model to corporate and institution

clients, is growing at fast speed.

The speaker also mentioned some of the achievements

SC made in 2007 including the acquisition of American

Exchange Bank and ownership of a Chinese local bank.

Acquisitions are mostly concentrated in Asia. As

mentioned, Korea First Bank, a big Korean bank but small

international bank, was acquired by Standard Chartered in

2005. The speaker explained how acquisitions are made in

similar ways in other Asian countries as well. He also

emphasized the good geographic coverage SC bank retains

which grants the firm a diverse revenue source.

From the Info session by Sir Thomas Harris, SC Bank


As a global financial institution, its unique donations to society were notable. Committed to the long-term

development of the communities which it operates, SC Bank sponsors a wide range of event.

One example is a campaign called “Seeing is Believing,” where SC collaborates with International Agency

for Prevention of Blindness to help prevent avoidable blindness in countries around the world. An

advertisement of Standard Chartered Bank in Korea specifically featured this campaign to create an amicable

brand image.

As any other firm, SC looks to hire talented people and starts by providing internship programs. It

recruits interns into a variety of business functions across a range of countries and the number of interns it

recruits varies from country to country. Intern applicants can only apply for one country. However, if one

holds work permits for a number of countries, it may consider your application for another country if one is

not successful in his or her first country of choice. SC looks at application as a whole and it selects candidates

for interview based on a number of criteria.

The characters that SC looks for involve consistent academic performance and evidence of specific

strengths one have demonstrated through his or her interests, extracurricular activities and other life

experiences. SC is also interested in applicants’ motivations, and what interests them about a career in

banking, their chosen business/function and, of course, SC itself.

McKinsey & Company industry: consulting

McKinsey & Company is a globally renowned consulting firm, founded in 1926. UIC students visited the

Company on the third day of the journey, and were received with a wholehearted welcome by several

business analyst and associates including Mr. Jules Seeley, Mr. Andrew Macmillan, Ms. Hannah Lodge, and

Ms. Alice Wookwark. Students actively participated during the brief by raising questions about Mckinsey and

its roles in the business world.

McKinsey is a management consulting firm that advises companies in conducting their business. People

from McKinsey help their clients to deliver best results based on acquired experiences as a global company.

Their goal is “to help leaders make distinctive, lasting, and substantial improvements in performance, and

constantly build a great firm that attracts, develops, excites and retains exceptional people.”

What makes McKinsey unique from other companies is its “global-ness.” There are about 80 offices in more

than 40 countries around the world. Not only are they global, but they also handle a wide range of issues, from

chemicals to climate change. Its workers are also from diverse backgrounds, from physicists to surgeons. Under

a strong sense of “collaboration,” McKinsey, as a global company, strives to fulfill its goal today.


Throughout the session, McKinsey emphasized its

ability to nurture talented people into experts in

diverse fields. Many UIC students showed interest in

the Business Analyst program, a two-year structured

development-focused program, aiming to train

inexperienced fresh employees with undergraduate

degree. The Selectees will work in consultant teams for

two years, and after two years they are given choices of

further working for Mckinsey, studying for an MBA

program, or to work in other sectors. Mckinsey

continuously strives to develop the talents of its BAs by

providing programs such as Business Analyst

Accelerator, Basic Consulting Readiness and BA

Fridays, where the members would learn and interact

with more experienced McKinsey workers. UIC

students were able to learn about the many advantages

of working at McKinsey; it provides a variety of

opportunities, an international environment, sincere

coaching and support, and flexibility of work.

In general, UIC students showed enthusiasm

towards the recruitment process of McKinsey.

Questions concerning the recruitment process were

most frequently asked. The BA’s of Mckinsey

emphasized on problem-solving and interpersonal

abilities as paramount qualities to be chosen as a

member of the Company. McKinsey’s process of

recruitment includes interviews where the two

qualities are measured; the majors and backgrounds of

the candidates do not matter for recruitment. The BA’s

were also happy to share their personal experiences

and how their lives operate at McKinsey, which helped

the students to gain a clearer sense of what it means to

become a consultant.

From the McKinsey & Company info session


London Stock Exchange industry: financE

Founded in 1801, the London Stock Exchange is the primary stock exchange in the U.K, and the most

international of all the world’s stock exchanges, with 3,118 foreign companies from over 60 countries listed to

trading on its markets. UIC students had the opportunity to visit LSE which is located at the heart of the City

of London. An hour-long session was prepared by Mr. Darko Hajdukovic to inform our students about LSE

and how it operates.

(In front of London Stock Exchange Group company) Participants: Shu-He Yang Kuan

Yoon Hyejun, Ahn Hyesung, Kim Jeonghyun, Lim Haemin, Kim Soyoun, Sung Seungyoon, Lee Sunkyung Kim Sooji, Jeon Yujin, Choi Soohyun, Nam Jinyoung, Jung Eunbi, Professor Doowon Lee

Markets, trading services, market data information, and derivatives lie in the core of LSE’s business. With

more than 28,000 companies listed in their markets, LSE provides the platform for firms to raise capital

through trading services in four primary markets: the Main Market, AIM, the Professional Securities Market

and the Specialist Fund Market. The speaker explained how for firms the listing on LSE itself can sometimes

be as important as raising capital. Listing can help firms gain profile and credibility, since certain regulatory

standards should be met before listing. LSE offers efficient trading in a wide range of securities. TradElect,


the latest trading system, has enabled both the capacity and the speed of trading to increase. Over 600,000

trades are executed daily at LSE and each trade is completed in 6 milliseconds.

LSE also supplies market data information, and constantly invests on their data applications for the “high

quality, real-time and historical prices, news, and other financial data information.”

The derivatives business is another focus of LSE. The company’s international derivatives exchange, EDX

London brings the cash equity and derivatives market closer together. Its goal is to become “the world’s most

efficient and liquid market for equity derivatives.”

During the session, UIC students raised questions on the global financial crisis and its impact on LSE.

Despite the reduced volume of trading, the speaker expressed confidence in LSE’s performance in ensuring

investors’ values as well as its presence in the international market.

In response to students’ requests to learn more about the working environment, the speaker

demonstrated how the work can be demanding (take into account the magnitude of money that is at stake

within a matter of seconds – the work can never be relaxing) but nevertheless vibrant and invigorating.

LSE is constantly searching for determined and talented individuals. Applications are mostly done online.

The website https://lse.skillstream.co.uk/jobs/index.htm provides specified job descriptions. Although most

requirements involve experience and knowledge in business and trade, LSE also stresses the importance of

having the ability to build good client relationships and stay calm under pressure.

The recruitment process is similar to that of many other companies: after resume screening, interviews,

ability tests, and occupation personality questionnaires are held. Depending on the position, attending an

assessment center or preparing presentations/reports may be required as well.

UK Trade and Investment industry: government

Formed in 1997, UK Trade and Investment (UKTI) is an international organization employing 2,300 staff

and advisors, and was created by the UK government to help UK-based companies to succeed in the global

economy by providing knowledge, advice, and practical support. By helping to make companies more

competitive through trade and investment, UKTI aims to attract high levels of further quality foreign direct

investment.

UKTI provides useful information for foreign firms based in the UK. Companies that have just started


their business can receive help with research, building key contacts, choosing firm locations, setting up the

new office, and growing the business internationally. For firms attempting to expand their existing

businesses, UKTI helps to find new business opportunities, selecting a new UK location, growing the industry

networks, trading overseas, and setting up European headquarters.

Unfortunately, the main speaker for the visit to UKTI, Mr. Peter Sissons, was unable to lecture the UIC

students due to an unexpected circumstance. However, meanwhile waiting, Ms. Claire Hobson gave a brief

information session on the UKTI’s priority markets - China, India, Russia, the US, and the Gulf – and

stressed the growing importance of UKTI-Korea interactions. Although the organization leans more towards

aiding UK-based companies to increase their performance in outward trade (promoting services) and attract

more investment, Ms. Hobson mentioned that UKTI also helps Korean companies with UK offices to enter

and succeed in the UK and other markets.

HSBC (Hong Kong and Shanghai Banking Corporation) industry: finance

The 3rd Global Career Tour 2009: London participants at the HSBC lobby


Headquartered in London, HSBC is one of the largest banking and financial services organizations in the

world. HSBC's international network comprises around 9,500 offices in 86 countries and territories in

Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With listings on the London, Hong

Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by around

200,000 shareholders in some 100 countries and territories. The shares are traded on the New York Stock

Exchange in the form of American Depositary Receipts.

The HSBC Group has an international pedigree which is unique. Many of its principal companies opened

for business over a century ago and they have a history which is rich in variety and achievement. It is named

after its founding member, The Hong Kong and Shanghai Banking Corporation Limited, which was

established in 1865 to finance the growing trade between China and Europe.

Through an international network linked by advanced technology, including a rapidly growing e-

commerce capability, HSBC provides a comprehensive range of financial services: personal financial services;

commercial banking; corporate, investment banking and markets; private banking; and other activities. It

has 315,000 employees and over 125 million customers around the world.

HSBC’s strategy was very interesting as it is aligned with trends that will shape the global economy:

Emerging markets growing faster than rich countries; world trade growing faster than GDP; Longevity

increasing virtually everywhere. Moreover, HSBC’s strategic direction is to be the ‘World’s local bank’,

combining the largest global emerging markets banking business and a uniquely multinational customer

base with an extensive international network and substantial financial strength.

HSBC also has a strategy to attract the best people who will become highly talented future leaders. This

strategy has been actualized into a special program called Management Associate Program (MAP) which is

targeted towards talented people. Through MAP, HSBC strives to build a pool of future leaders who will meet

the immediate and long-term business challenges. MAP is designed to provide the selected Management

Associates (MAs) with well-rounded development opportunities which offer a broad range of experiences

across diverse business areas. It is a 12-month structured training program which offers a wide range of

exposure in specialized businesses. In addition to that, HSBC Korea offers a Summer Internship Program,

which provides an opportunity to experience the realities of a truly globalized bank at first hand. To learn

more about the program and about HSBC in Korea, visit www.hsbc.co.kr

Skills wanted from HSBC are similar to that of many other companies: passion, innovative, interpersonal

skills and language skills (English/Spanish/Chinese/Cantonese) to work across different boundaries of

sectors as well as countries.


s t u d e n t r e f l e c t i o n s

By ye jin park Junior at Underwood International College

Global Leadership. This has become the ultimate goal for every individual,

firm, institution and nation in our current era. On the personal level, many strive

to become a global leader, while larger entities acknowledge the importance of

global leadership in our society – firms try their best to attract as many talented

persons as possible to gain their lead in the global market, educational

institutions are busy training the next generation of future leaders, and countries compete to retain global

leaders since such equates to national growth and prosperity. To have such high aspirations is simple, but to

achieve is a completely different matter. In this aspect, the 3rd London Global Career Tour was a meaningful

experience in that it enabled me to closely observe the work of today’s global leaders.

Through visiting several companies across different sectors, I recognized a pattern in which I believe is

the driving force for such firms to exercise global leadership: Passion, Presence, and Preparation.

I was impressed with the amount of passion all firms held for their businesses, and once again realized

that knowing is not enough to be successful. Only those who truly have their hearts in what they do can excel

in their fields and gain respect from the world. This came as especially true when we visited Mckinsey &

Company. The four business analysts and two associates showed great enthusiasm in explaining their lives at

Mckinsey – how intriguing the work experiences are, how the working environment is supportive with each

of their life styles, and how Mckinsey has led them to grow in many different aspects. Both of the associates

had returned to Mckinsey after finishing their MBA programs despite the many job opportunities they were

exposed to. They had chosen to come back to Mckinsey, and I realized that such passion was what had built

Mckinsey to become what it is today.

Presence was another quality that all the representatives of each firm had. They were on a frequency that

was distinctive and unique which I believe is crucial in conducting successful businesses. People to people

relationships are what lie in the core of all businesses, and thus having a charismatic yet amicable presence is

an essential. I was especially impressed with Sir Thomas Harris, who guided us through the history and

operations of Standard Chartered Bank. He spoke with impact, and I realized his presence came from the

confidence he had in his abilities.

Lastly, preparation was what the firms had in common. The companies we visited in London were those

who had foundations strong enough to survive through the turmoil that the global financial crisis had


brought. They were the true leaders in this sense, and it was a great privilege to closely interact with them. I

learned how personal preparation is also important to lead a successful career. Mr. Stephen Young, from

HSBC bank had empowered himself with strong linguistic capabilities (he was fluent in English, Cantonese,

and Mandarin) which gave him a competitive advantage in the globalized business world.

The 3rd London Global Career Tour was a true stimulus. It forced me to think about how I should prepare

myself for the near future, what industry I would be willing to excel in, and in which location I would be eager

to start my career. I gained a broader prospective by seeing the numerous opportunities the world offers, and

realized that pursuing a career limited to one country would be foolish. Through passion and thorough

preparation for the future, I hope one day I would have the presence to lead on an international basis. Finally,

I thank Underwood International College and Professor Doo won Lee for granting such an inspiring

experience, and encourages UIC students to take advantage of the many good opportunities our department

provides, including the Global Career Tour.

By Hye sung ahn Freshman at Underwood International College

As an individual, this trip was a great opportunity to learn more specifically

about potential jobs, especially those available in the financial areas. Every

company had its interest and values, which to some I was attracted and some not.

Visiting numerous internationally renowned companies isn’t an opportunity that

comes so often, so I always tried to be active in each session.

I especially liked McKinsey, because it seems to possess the cozy working atmosphere and tight bonding

among colleagues, qualities that I consider vital in choosing working environment. Other companies were

very interesting as well, especially in government-related organizations, but as a foreigner, it was a pity that I

had no opportunity to work in such field.

It’s hard to pinpoint what I exactly learned from this journey, for they are very subtle. But I know for sure

that I have widened myself for broader job opportunities from this Career Tour.

By soo hyun choi Sophomore at Underwood International College

What I have earned from the 3rd UIC Global Career Tour to London is motivation

which had been missing during my recent college life. In Seoul, while I was occupied

with school work, I had a vague outlook of my career and sometimes felt that I lost

purpose and direction. But breathing in the air of London, the world center of


business, finance, and culture, gave me perspective and vision.

We visited various corporations and institutions including International Financial Services London,

Prudential Insurance, McKinsey, HSBC, Standard Chartered, London Stock Exchange etc. Everyone at these

institutions greeted us warmly and welcomed our questions. It was fresh and inspiring to meet people who

had found their calling and excelling in their field of work. Many of my inquiries towards the world of career

were answered, which is very different from student life that I have become accustomed to. Building my

profile and acquiring my own unique set of assets seemed the most important in recruiting and the rest of my

college life will be dedicated to this.

By yeo jin jeon Freshman at Underwood International College

During the visit to financial institutions such as ISFL, Standard Chartered Bank

and McKinsey, I appreciated how the representatives were well prepared: they often

had effective PPT presentations, question and answer time, and of course, coffee and

cookies. But the most important thing I learned from such visits was the passion of

the representatives or employees of the institutions. I sensed most of them had graduated college with

towering GPA since they stressed how important it was to get high scores, but I knew it was also about their

strong passion for their field. When each of them spoke to us about what his/her company – what it does,

how it functions, etc. – I could clearly tell that he/she was not just talking about his/her job: it was about

what he/she really cared for, and loved doing.

I was particularly impressed during the meeting with McKinsey and its BA’s. The BA’s all shared their

experience of becoming a part of McKinsey including college life, applying to McKinsey, and. the series of

interviews and tests. I have heard so many rumors about the difficulty and insanity of working at a company

like McKinsey, about how once you get into such company, you have no life. Life would be all about the

company. But during the meeting, I learned that it wasn’t completely true. The BA’s did admit that some

projects would drive them crazy, but McKinsey strove hard to allow its employees to have a more enjoyable

time at work. The BA’s were still able to go shopping, have nights out, and even start their own families.

Overall, the Career Tour was helpful in giving a better idea of what kind of career I would want to pursue.

It gave me first-hand experience with the financial center of the world, the City of London. I could always

afford a trip to London, or other beautiful cities in Europe, but the opportunity to interact and see what it

would be like to be a part of the world of business was absolutely priceless. I feel so lucky that I was able to

have this opportunity.


By Eunbi jung Sophomore at Underwood International College

Being the first trip to England, I was impressed by the first scene of London that

I have encountered. First, I was amazed by the sight of the city where the structure

of the old buildings that was more than hundreds of years old and newly built

structures blending with each other so harmoniously that it was almost like a

painting. Also, I was surprised to see such a diversity of people from all different

ethnic backgrounds and origins. The sight really gave me the idea that the place that I am standing is the one

of the largest financial centers in the world.

From this tour, I have gained four things. To begin with, it was very interesting to hear from the

companies in the City of London which is the financial hub of the world about the financial status. Especially

the corporation like Standard Chartered Bank was not as destructively influenced by the turmoil, different

from our perspective. Also it was very informative to have a discussion on the views that the companies

affected by the crisis, HSBS and London Stock Exchange suggested as the possible flow of the market in the

future. Moreover, this tour was a great opportunity for students to build a relationship with people in

different careers. Having the chance to ask questions including personal ones to the hosts really helped us to

feel more comfortable and intimate with them. Particularly, McKinsey and Company was very impressive in

that 6 of the BA(Business Analyst)s were able to participate in the session and give honest and truthful

answers to the questions. Also, we were able to further questions individually through emails even after the

meeting was over. Lastly, we had the dinner meeting with Yonsei alumni in London which made the tour

more special. Therefore, the opportunity to meet with these people was one of the unchangeable experiences

that I have earned.

Third, one of the greatest achievements from this program was the strong motivation to get ready for my

next career. Frankly speaking, the ideas that I had for my future plans after graduation were somewhat vague.

However, now I have a clearer picture on how to prepare for the internship program and accumulate

experiences and to get an occupation in a foreign state. Specifically, HSBS and McKinsey gave rather detailed

information about the programs that graduate students can apply for. Lastly, the cultural experience was one

of the most fun parts of the tour. After our official schedule was over, other students and I went for a

sightseeing tour at Piccadilly Circus and watched Musical including Grease and the Phantom of the Opera.

Also, we managed to visit the Tate Modern Museum where we were able to see some of the renowned works

of Picasso. On the last day, I met with my Korean friend who was staying in London to study language and

went to Camden Town which was famously for the Hippies and vintage shops. Recalling all the unforgettable

moments in London, I strongly believe that the valuable experiences I had really made my winter of 2008

memorable and contributed in my personal growth as a student studying International Studies.


By jeong hyun kim freshman at Underwood International College

Looking forward to an exciting and stimulating experience of London, I started my

second global career tour. Starting with International Financial Services London, the

UIC students visited different companies with different hopes and expectations…

After meeting representatives of the companies we visited, I felt the need to find

my own field of interest, and starting sooner will be even better. Many people that we

met told us to enjoy our college life, and I think part of it was to recognize what I would like to pursue for the

rest of my life. Throughout the tour, I was able to gain a very different perception to look at things; it was

almost as if I come back with broader perspective every time I participate in global career tour. Although

both New York, the tour I participated last year, and London were same in a sense that they were

international cities, they had a very distinct atmosphere to themselves, and I was glad that I had the

opportunity to experience both.

By soo ji kim sophomore at Underwood International College

I do not hesitate to say that the London Career Tour is one of the

highlights of my college years. Merely being at the heart of one of the

globe’s financial centers was in itself a memorable experience. The

busy atmosphere of smartly dressed people hurrying to work, building

surfaces with large ticker boards showing the latest performance of

stocks, and every local and subway morning newspaper relaying up-to-date news of the global financial crisis

and the Royal Bank of Scotland’s decision to axe up to 2,300 jobs—the drastic effects of the global financial

crisis felt real, and my blood rushed at the excitement of being at the heart of the world’s spinning events.

Visiting key organizations such as the Standard Chartered Bank and London Stock Exchange further

enhanced my academic and motivational interests. I was able to learn more about the significant roles of

each corporation in managing important global decisions, the working space and interrelationships between

the co-workers, as well as the enthusiasm that each of the lecturers had for their work field. The most

inspirational visit of all was to McKinsey and Company, where six panelists talked freely about their jobs with

such passion and energy that I envied their achievements and solid sense of purpose. The other speakers who

shared their professional knowledge and experiences inspired me to want an exclusive place in my own

sphere of interest.

Most importantly, the educational and visual tour of London had a great influence on my mindset. I

opened my eyes to the big world beyond the immediate setting. As is probably the case for many college


students, I found myself tied down to the present and focusing my energy on the typical flow of graduating

university and getting employed in a Korean firm like all of the rest. The experiences in London broadened

my horizons and enabled me to recognize the negative habit of restricting myself to Korea. Indeed, Korea

may be a good place to live, but there are great places out there that offer equally and probably more fulfilling

work experiences, as well as a richer cultural life. London offers antique buildings intricately decorated with

old European architecture, monumental historic sites, and museums with a supremely vast collection of pre-

historic artifacts.

Furthermore, I felt the desire to dream BIG, thrusting aside the pessimism that it was too unrealistic. I

had always felt uneasy whenever my parents or professors encouraged me to try becoming the President’s

advisor, or the CEO of a leading global business. How could an average person like me turn into such a

prominent figure?

Yet, the speakers during the career tour mentioned the importance of passion and giving myself a big

dream. Big people aren’t born big, and we should not be afraid of being ‘unrealistic’. The biggest influence of

the London career tour was to motivate me to come out of the gray box. I will dream confidently in color.

By so youn kim sophomore at Underwood International College

As a junior economics major, I was blessed to participate in UIC’s

3rd Global Career Tour program in London, the hub of world economy,

where 15 UIC students visited various companies and financial

institutions with Professor Doo Won Lee. Amid the global financial

crisis, the atmosphere of the city’s central banking town was less

vibrant, however the 4-day program gave me valuable lessons which I will never forget.

After taking all the prerequisite basic courses for my major, I got more interested in news articles about

world economy. Considering a particular situation where experts from New York and London voice their

opinions about the crisis, I was more than happy to hear from various speakers and lecturers who represent

the company in the career tour program. We visited Standard Chartered bank which is known for acquiring

Korea First Bank a few years ago, London Stock Exchange and Hongkong & Shanghai Banking Corporation.

Unfortunately, these companies focused on its history and financial environment in London rather than the

recruitment process that many UIC students were interested in. Nevertheless, the speakers from each

company were very willing to answer our questions. Thanks to an alumnus of Yonsei, we could also visit

Mckinsey consulting group that pleasantly surprised everyone in terms of company’s virtue and working

environment. Especially, Mckinsey’s session gave me an idea about what consulting firms do and help other

firms or government decide.


Overall, I also enjoyed the sightseeing of London during free time. I watched the famous musical “Grease”

at Piccadilly Circus and visited Tate Modern gallery. These cultural experiences enriched me with inspiration

and new ideas. I truly thank Prof. Lee for leading us and fellow UIC students who exchanged plenty of

priceless thoughts with.

By hae min lim freshman at Underwood International College

If I were to pick one word to summarize the tour, I'd choose "inspiring." Firstly, the

actual visits to the companies themselves helped me to see what it would look like if I

were to work in London--especially in companies similar to those we visited. Just by

walking down the streets of Central London, not only did I see how international the

city was, but also I got to feel the "aura" of the Londoners who were supposedly

hurrying to their offices. This tour taught me something that no lecturer, no book, nor any researches could

teach me about my possible future workplace. Before the trip the notion of an "office" only reminded me of a

desk, a chair, and possibly a computer. However, through the trip, I redefined the concept over and over with

the real images of an office with real people working to make changes in the world.

We also could see one of the coolest offices in the world--especially that of HSBC, where I felt as if I

walked in to a science fiction. One shortcoming with that was that now that I looked at what offices could

look like, I wouldn't want work in places lesser than these--which means I would have to work harder in

order to get into those companies. I definitely recommend this tour to those who merely "thought" about

what they'd do in the future, but didn't have a clear picture of what they wanted to do. This trip crossed out

some of the items on my possible job list while adding a few new ones. Overall, what my friends and I said

was, "It's all worth it and even more."

By jin young nam freshman at Underwood International College

London Global Career tour was a trip that truly inspired me. I

enjoyed myself throughout the whole tour and moreover, it was a

chance to look back upon my life and redesign my future. When I

signed up for the tour last December, I simply considered the career

tour to be one through which I can gather information about getting

a job in London, one of the most developed global financial centers.

While I did get such information, the tour was much more than what I had expected. I came to find out what

we cannot learn through simple sightseeing tours.


For three days of the trip, we visited two or three companies in London each day. Most of the companies

and banks were located in the City of London—the old financial center of London—and Canary Wharf—the

new financial center of London. Our schedule began on the second day because we arrived too late on the

first day. On the second day, we visited IFSL (International Financial Services London), which was the

company that organized a big part of the tour schedule. There, we had a chance to listen to lectures about the

role of London as a global financial center and the current financial crisis. We also met James Wilcox who is

in charge of international affairs at the Prudential Insurance Company. On the third day, we went to

Standard Chartered Bank and McKinsey & Company. On the fourth day, we visited the London Stock

Exchange and HSBC (Hong Kong and Shanghai Banking Corporation). We also attended a meeting with UK

Government Department and a briefing by the City of London Corporation. For the three days, we not only

had many meetings, all of which were helpful, especially regarding my future career, but also had enough free

time to explore the uniquely dynamic atmosphere of London to the full. On Saturday which was the last day,

we were able to enjoy free time until we had to board the airplane in the evening. The overall impression of

London that I got due to the tour is that it is a combination of old and new, where both leading modern

values and tradition coexists.

Among the various companies, I personally was most impressed by the McKinsey &Company and HSBC.

Both meetings were done in a very welcoming atmosphere and what was more, I could attain practical

information about what it is like to work in London, and why it is fulfilling to work at those companies. While

it was the third time that I visited London, it does seem that this was the most fruitful trip in terms of what I

have learned. Before, I never really imagined myself working in another country, though I did plan to study

abroad after graduation. Now I have come to be more enthusiastic and have a more concrete plan of my

future. Thanks to Underwood International College, I have gained treasurable memories and experiences

with my colleagues.

By shu he junior at Underwood International College

Power of Money

The first impression I ever had in London was that everything is so expensive.

Our first bill was a single way underground ticket, which costs four pounds. That is

roughly ten times the price in Seoul. For the next few days, it is needless to say that

I was deeply intoxicated by the splendid architectures in London, but on the other hand, I was always

shocked by the amazing price level. I guess the cheapest meal in London is a single hamburger, which costs at

least three pounds. I could hardly imagine how I should survive if the housing and food were not sponsored.

Only when you stand within the city will you understand what it means for a city to have a GDP per capital of

over 27,000 pounds.


Power of Human

I was fortunate to have a chance to visit many top global institutions, such as International Financial

Services London, Standard Chartered Bank, McKinsey & Company, and HSBC. Through a series of

communication with each of them, the principle of human power was embedded in my mind. Corporations

like IFSL and Prudential Insurance do not have a large scale of working group, but can make the best out of

the few members they have. Others, like HSBC, who owns a frightening skyscraper, may have a bigger size of

manpower, but still emphasize on the importance of human resource. A lecturer from HSBC is from Hong

Kong who can speak four languages. One of McKinsey’s top goals is to “employ the right people”. Thus, it is

very hard to get into any of those institutions. I do, nevertheless, have confidence with UIC students. Because

asides from the high academic level, they also have a strong language advantage.

Power of Architecture

Finally, despite our busy schedule with those institutions, we could not help enjoying the feast of

architecture nurtured in this city in our spare time. Representatives are the Big Ben, St. Paul Cathedral, the

Buckingham Palace, Eye of London, and the London Tower. I guess in terms of architecture, photos are more

illustrative than words. So please see the photos provided by our group, and I hope for those friends who

have not been to London, you will soon in the future have a chance to breath its loveliness.

By sun kyung lee sophomore at Underwood International College

Thinking back to the one-week London Global Career Tour, it was short but filled

with great experience. It was very special ‘tour’ as I was not only in the London, city

with long tradition and history, but also visualizing the leading global financial hub.

Visiting the companies and organizations allowed me to get to know what they do

what talented people they are looking for.

I think visiting financial hub during the financial crisis made our tour more meaningful. Listening how

leading financial companies think about the current issues, what challenges they face, and how they are going

to find the answers. These gave me a think of how interesting time we are in as our generation, who

experienced the financial crisis, is the key people to build up the world as a global leader. These thoughts

encouraged me how to develop myself as a global leader in the future.


By yang kuan sophomore at Underwood International College

The London tour was a great experience to me. It is my first time to go to

Europe, and I indeed visualized an industrialized capitalism-based cosmopolitan

with its centre role as a leading global financial hub. Just by seeing London

through the television is far from paying a visit there. When I look back on this

one-week tour, the undergrounds, the road signs, the local people, the street

markets, the buildings—the whole atmosphere generated in my feelings as fresh as new.

The visit to the companies enabled me to get to know those organizations and especially what kind of

people and talent they are seeking for. And with an idea of that, it enlightens my way in the rest of my college

years. And also I deeply realized the fierce competitiveness both from the labor market and within the

companies. That encourages me to improve myself ceaselessly and keep looking forward.

By hye jun yoon freshman at Underwood International College

It has always been vague what I should be doing after graduating. Especially UIC

does not have any graduates yet, so it is hard to find out which path I should be taking

and focusing on. However, in accordance with my hope, I was able to find out specific

information about possible foreign employers in the future. In the career tour, we

visited several renowned banks and consultant companies. Most of the companies

were related to economics, and I major in Political science. So at first, the career tour was irrelevant to my

future career. However, it was one of the greatest chances in my life to find out there are other jobs I could

take into consideration other than being a politician and a diplomat. I got to know what being a consultant

really means through intensive interaction with Mckinsey and Company and now I am seriously thinking of

taking an internship as a consultant. By realizing how tough the job market is both nationally and globally

through this career tour, I was also drastically inspired to do my best in academics and make myself standout

among others. If it wasn’t for the career tour, I wouldn’t have specified my future in detail and put my efforts

on it so far. Even though I just turned sophomore, it had been a great experience and it sure was inspiring.


© 2009 UNDERWOOD INTERNATIONAL COLLEGE

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