Economics Senior Spotlight - John Schipper, HC '13
When Mike Murphy, Haverford’s previous lacrosse coach, saw John Schipper ’13 playing in a lacrosse tournament, he approached John about visiting Haverford and doing an over-night visit. It wasn’t a long trip from his hometown in Long Island, New York, so he visited the campus his senior year of high school. He was impressed with the campus’s beauty, the strong academics, and the lacrosse team’s warm welcome.
John has played as a midfielder on the lacrosse team for all four years of his college career. He is an active member of the team’s Leadership Council, which is responsible for fundraising, team community service activities, and upholding its program goals.
Upon enrolling at Haverford College he knew he was going to major in physics or in economics. The pronounced calculus in Professor Ghosh’s Introduction to Economics course deepened his passion for economics, as did Prof. Bish Banerjee’s Economics of Transition course. Reading journals and relating what goes on in the world from an economic perspective harmonized with his interests, clinching his decision to major in economics.
As is the norm for economics majors, summer internships play a big role. As a rising Junior he worked for a small alternate investment management firm, HonorVerus Research, a company housed in Long Island that specializes in trading futures. Focusing on the technical analysis of the basics of what drives the futures market, he simulated trades throughout the day, analyzing and presenting his findings to members of the organization.
This past summer John worked closely with economics Professor Anne Preston, performing data analysis (using STATA software) on labor market and social preference studies. Some of the focus was on the European Soccer League, and the 1995 Bosman Rule, a ruling that gave players more freedom to join other teams and clubs once their contracts expired.
For his thesis he is comparing bank profitability between a Euro member country, Slovakia, and a non-Euro member country, Poland, throughout the European sovereign debt crisis. More specifically, he is going to attempt to define the differing internal and external determinants of bank profitability over time for Slovakia and Poland, hoping to determine how regulation, ownership structure and balance sheet structure influence profitability through a crisis. He also hopes to identify whether the regime under which banks operate can partly explain variation in their individual bank performance between countries and see how this changes during a crisis period.
With graduation rapidly approaching, John is interviewing with companies in the financial services industry. He is particularly interested in sales and trading and investment banking. After a few years of work experience, he is contemplating enrolling in graduate school to further his degree in economics, and he is also considering earning a business degree.
During the summer before his sophomore year John spent the summer giving sailing lessons at a private yacht club in his hometown. Sailing is one of John’s passions, as is his position as co-president of Haverford’s Republican Club.