Day 5 at 6:30AM and the team was bright and ready for our three breakfast presentations for the AFM 415 International Study Trip: Deutsche Bank, Moody's and PwC.
Our next stop was Moody's. When arriving, we were greeted by a room full of excited professionals, to which each took turns explaining Moody's offerings and how bond ratings performed in various service lines. My favorite part was during the corporate finance group's presentation by team manager Karoline Metzger. We had the opportunity to do a case study where were able to apply the rating methodologies we learned in a real life situation, making for an excellent learning experience.
We then made our way to PwC, where we had the privilege of talking to the Chairman of PwC SE, Harold Kayser. Mr. Kayser primarily focused on how PwC is digitizing its practices and leveraging analytics, AI, and data to enhance its practices. "Data is the new AI of the future," he said, and he supported this by walking us through the CEO survey, PwC's "Your Tomorrow" program. He showed us various services and industries, such as audit and the automotive industry, to explain how innovation is being applied to these sectors globally.
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We then headed towards the Frankfurt Central Station for the last time and got on the 5:45PM train to Munich, excited for the next day ahead.