面向对象：以欲申请美国名校金融、金融工程、经济、数学、统计、计算机等相关专业中学生；
科研主题：Banking and Financial Institutions,
Corporate Finance,
Financial Instruments and Portfolio Management,
International Finance,
软性背景：有一定的科研履历者优先；
科研导师：沃顿商学院金融专业导师；
科研地点：科研组会议室；
科研亮点
1. 进入美国名校实验室/科研组，接触尖端科学
为未来赴美深造做准备；科研经历是美国名校申请的基石，顶级名校的科研项目是对学生有能力完成名校学业最好的证明；
2. 师从导师开展实验项目
高层次的人脉和校友关系，与学生为伍的人是诺贝尔奖获得者、美国科学院院士、教授、名校博士、硕士，学生将体验到世界最顶级学术专家们的思想和气质；
3. 获得导师推荐信和科研证书；
对于优秀学生可以获得名校导师的推荐信，大大助力未来的留学申请；
4. 全天候专业英语环境，迅速提升专业水平；
提升沟通和专业英语水平，提升专业知识和能力，用实践使学生的理论知识更加具体形象；
5. 高含金量收获助力未来留学深造及就业
在名校导师指导下的科研过程将帮助学生明确自身发展方向，不断深化对于美国学界的了解与认同，帮助参与学生及家长明确未来的学校及专业申请方向；从而更好的明确留学的目的与意义，摆脱盲目，获得真知；
科研简介
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
选题一（供参考，具体以面试为准）
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.
选题二
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.
科研收获
1. 科研完成时，学生将会全面了解金融领域基本知识和最新进展，并获得导师推荐信和丰富的CV履历。
2. 挑战自身潜能，切身体会宾夕法尼亚大学顶尖科研环境，在严苛的训练下快速成长。
3. 极大拓宽视野，实地感受国内外科研区别。通过此次科研，参与学生将会对留学名校有个清晰的认识，并依此做出最优的人生规划。
4. 学生将有机会与顶尖教授零距离交流套磁，了解宾夕法尼亚大学的内部申请信息。
科研时间
时间：寒假或暑假，每期时间长度为3—4周；
美高学生：2周实地+2周远程
具体情况根据学生面试情况由美方进行调整；
报名后安排校方面试，面试前辅导学生阅读1篇专业论文；