Santiago Castaneda, 2011, 2012
Major: Finance, MBA
Hometown: Atlanta, Ga.
Current Job: Financial Analyst at Royal Bank of Canada in New York City
You could say that Santiago Castaneda gets a report card every day evaluating his success as a financial analyst for Royal Bank of Canada.
“It’s like you’re taking a test every day because the market will open at a certain level and the market will close at a certain level, and, depending on how your investments did on that particular day, you’re going to know where you lost or made money,” he said. Castaneda is in his second year at RBC, a global enterprise that’s the 11th largest bank in the world and has 80,000 employees.
“Being a financial analyst I specifically look at high yield bonds, which is essentially high-risk companies. And my job is to analyze their financials and decide whether or not they’re a good investment opportunity for my group,” he said.
Castaneda’s road to New York City and RBC started between his junior and senior year, when he emailed more than 100 business and finance alumni inquiring about internships. He later connected with an alumnus working in Wealth Management for the Royal Bank of Canada who helped him to get an interview and an internship that, ultimately, led to the position he has today.
It is these St. Bonaventure relationships and experiences that serve as a reminder to remain grounded. Castaneda’s access to his professors helped him get the most out of his degrees. His weekly service at The Warming House with the swim team taught him to be humble.
“A lot of times we think that we achieve everything that we have because (of) ourselves… and sometimes we tend to forget those that helped along the way,” he said. Castaneda’s extracurricular commitments, namely the swim team and Students in Money Management (SIMM), served him just as well as his classes did.
“I always like to speak about SIMM as kind of the gateway between the academics and the actual practice of what I’m doing today,” Castaneda said. “It really ties it all together.
(In class) you learn about stocks: you learn about evaluating stocks, what’s a good stock, what’s a bad stock. You do that in SIMM, too, but you’re doing it with real money, and that’s essentially what I do now. I concentrate specifically on bonds, but it’s the same concept.”
As a Division 1 athlete, Castaneda gained the kind of discipline that would help him to use his knowledge efficiently. “(Athletics) absolutely teaches you time management, understanding your priorities, finding a good balance in life with everything — family, work, free time, time with your friends, traveling. It teaches you to work hard; it teaches you to be part of a team and it teaches you how to lead others as well.”