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Martin Lawlor ’05 (Morristown, N.J.) is applying his mathematics-economics degree as an analyst in the “max recovery” group at Bear Stearns, a leading global investment banking, securities trading, and brokerage firm.
He previously interned in the group, which purchases bad credit card debt and bankrupt accounts at competitive rates.
“The field is rather interesting because the group takes something that is distressed, already failed, and yet finds value in it,” he says. “I find this intriguing and hope to continue on similar high-yield and distressed fixed-income desks in the future.”
“Lafayette prepared me with a rigorous curriculum of mathematical and financial classes along with professors to challenge us and provide help when needed,” adds Lawlor.
His preparation also included serving internships at Merrill Lynch in Manhattan with private wealth adviser Dara Brown ’97 and at Allstate Insurance in Bridgewater, N.J., with financial analyst Tom Estes ’81. He also served as an extern with George Jenkins ’74 at APAX Partners, a private equity firm in Manhattan, and with Tom Orecchio ’90 at Greenbaum and Orecchio, a private wealth management firm in Old Tappan, N.J.