Mark’s reflections on his first year
Completing the round of posts from our returning student bloggers, Mark looks back at his first year at Fletcher from his second-year vantage point.
I recall that when I arrived on campus last fall to begin the MIB program, I observed our second-year brethren interacting in the halls after returning from summer. Like long-lost siblings reunited, not a twosome could pass each other without a hearty embrace. Equally memorable was learning of all the impressive and often exotic ways the MIB’s had spent their summer. But what was even more inspiring to me was the certainty with which second-years assured us that we, too, are embarking on what promised to be a spectacular year. They were right. Our first year has since passed in a blink, and I, for one, learned first-hand what was behind all that enthusiasm.
I last wrote in the spring on how I was developing my own area of expertise by tailoring coursework to specific academic and professional goals. I was focused on learning about international project and infrastructure finance, and looking for an opportunity to break into the field. Thanks exclusively to the Fletcher network, I landed a position with OPIC, the Overseas Private Investment Corporation, which was, without exaggeration, exactly what I was aiming for. OPIC is the U.S. Government’s development finance institution, and it offers a range of products designed to help U.S. firms invest in emerging markets. OPIC also plays a meaningful role in advancing foreign policy goals in a way that I characterized as “fostering peace, through superior debt financing,” which is my own commentary on how militarism has been eclipsed by more subtle measures of economic statecraft and leverage.
I joined the Structured Finance division, where my team and I worked on loans for large and complex multi-party projects, including a wind farm in Pakistan, a concentrated solar power plant in Israel, and a social-impact-oriented housing finance facility in Haiti — projects that cost over one billion dollars together. My responsibilities included credit analysis, due diligence, research on foreign regulations, economic assessments, and interpreting elaborate concession and loan agreements; all tasks that required me to draw on my training outlined in my earlier post on a daily basis. But what arguably proved to be most invaluable was a broad and nuanced understanding of the global context in which I was operating, enabling me to offer authentic perspectives on matters with an insight that only Fletcher can provide.
The experience convinced me that, in purely commercial terms, the MIB program equipped me with precisely the right set of skills and body of knowledge to excel in an internationally focused financial career that was otherwise entirely new to me, and it was Fletcher that made the opportunity possible. But the value Fletcher creates for us does not stop there. In my case, I have participated in the Building Bridges Symposium to learn from the industry’s foremost thought leaders, and have been provided connections to many astonishing alumni in the field, including international banker John Greenwood (F04), prolific builder Philip Asherman (F04), and pioneer Mimi Alemayehou (F98). These are just a fraction of the resources available to us, all part of a brilliantly executed mission to prepare future leaders for the global stage and illuminate a path forward.
Returning to campus this fall, I was greeted in the hallway by our dean, James Stavridis (F83, F84 and the former Supreme Allied Commander of NATO, mind you), who inquired about my summer with equal fascination as a parent. The moment was striking, and reinforced a sentiment solidifying in my mind since I first witnessed those second-year classmates interact. There is an unmistakable culture that resonates throughout Fletcher, a kind of kinship that binds not only students together, but also us to our faculty, to our staff, and to our alumni. In my view, our culture is the real prize, the engine of enduring value, and an honor to be a part of. Like my classmates before me, I know first-years will discover their untapped potential, see locked doors swing open, and become a part of the Fletcher family, as I have; and all after merely one year.