面向對象：以欲申請美國名校金融、金融工程、經濟、數學、統計、計算機等相關專業中學生；

科研主題：Banking and Financial Institutions,

Corporate Finance,

Financial Instruments and Portfolio Management,

International Finance,

軟性背景：有一定的科研履歷者優先； 

科研導師：沃頓商學院金融專業導師；

科研地點：科研組會議室；

科研亮點

1. 進入美國名校實驗室/科研組，接觸尖端科學

為未來赴美深造做準備；科研經歷是美國名校申請的基石，頂級名校的科研項目是對學生有能力完成名校學業最好的證明；

2. 師從導師開展實驗項目

高層次的人脈和校友關系，與學生為伍的人是諾貝爾獎獲得者、美國科學院院士、教授、名校博士、碩士，學生將體驗到世界最頂級學術專家們的思想和氣質；

3. 獲得導師推薦信和科研證書；

對于優秀學生可以獲得名校導師的推薦信，大大助力未來的留學申請；

4. 全天候專業英語環境，迅速提升專業水平；

提升溝通和專業英語水平，提升專業知識和能力，用實踐使學生的理論知識更加具體形象；

5. 高含金量收獲助力未來留學深造及就業

在名校導師指導下的科研過程將幫助學生明確自身發展方向，不斷深化對于美國學界的了解與認同，幫助參與學生及家長明確未來的學校及專業申請方向；從而更好的明確留學的目的與意義，擺脫盲目，獲得真知；

科研簡介 

Wharton School 主要科研方向：

1. Banking and Financial Institutions, which entails the overall economic context affecting a firm’s investments

2. Corporate Finance, concentrating on the financing and investment activities of an organization

3. Financial Instruments and Portfolio Management, which examines financial instruments and their market behavior

4.  International Finance, exploring the impact of such issues as foreign currency options and exchange rates parity on the multinational corporation

科研概述

選題一（供參考，具體以面試為準）

Core-periphery trading networks arise endogenously in over-the-counter markets as an equilibrium balance between trade competition and inventory efficiency. A small number of firms emerge as core dealers to intermediate trades among a large number of peripheral firms. The equilibrium number of dealers depends on two countervailing forces: (i) competition among dealers in their pricing of immediacy to peripheral firms, and (ii) the benefits of concentrated intermediation for lowering dealer inventory risk through dealers' ability to quickly net purchases against sales. For an asset with a lower frequency of trade demand, intermediation is concentrated among fewer dealers, and interdealer trades account for a greater fraction of total trade volume. These two predictions are strongly supported by evidence from the Bund and U.S. corporate bond markets. From a welfare viewpoint, I show that there are too few dealers for assets with frequent trade demands, and too many for assets with infrequent trade demands.

選題二

We model bargaining in over-the-counter network markets over the terms and prices of contracts. Of concern is whether bilateral non-cooperative bargaining is sufficient to achieve efficiency in this multilateral setting. For example, will market participants assign insolvency-based seniority in a socially efficient manner, or should bankruptcy laws override contractual terms with an automatic stay? We provide conditions under which bilateral bargaining over contingent contracts is efficient for a network of market participants. Examples include seniority assignment, close-out netting and collateral rights, secured debt liens, and leverage-based covenants. Given the ability to use covenants and other contingent contract terms, central market participants efficiently internalize the costs and benefits of their counterparties through the pricing of contracts. We provide counterexamples to efficiency for less contingent forms of bargaining coordination.

科研收獲

1. 科研完成時，學生將會全面了解金融領域基本知識和最新進展，并獲得導師推薦信和豐富的CV履歷。

2. 挑戰自身潛能，切身體會賓夕法尼亞大學頂尖科研環境，在嚴苛的訓練下快速成長。

3. 極大拓寬視野，實地感受國內外科研區別。通過此次科研，參與學生將會對留學名校有個清晰的認識，并依此做出最優的人生規劃。

4. 學生將有機會與頂尖教授零距離交流套磁，了解賓夕法尼亞大學的內部申請信息。

科研時間

時間：寒假或暑假，每期時間長度為3—4周；

美高學生：2周實地+2周遠程

具體情況根據學生面試情況由美方進行調整；

報名后安排校方面試，面試前輔導學生閱讀1篇專業論文；