FAECTOR Research Project - The Untold Journeys

The FAECTOR Research Project (FRP) is the international study trip that has been a longstanding event organised by FAECTOR. Since a long time a group of FRP participants go out on a journey every year and since then almost every continent already has been visited, friendships have been made and stories were written. To give you an insight in these great travel stories, the Estimator asked some former participants to why they choose FRP and give an impression of their journey

Robert Arends

FRP Trip 2014: Seoul, Kuala Lumpur & Singapore

Hi all, my name is Robert and I am currently the President of the board of FAECTOR. Before joining FAECTOR’s board I participated in multiple FAECTOR events among which the FAECTOR Research Project.

What is FRP exactly?

The FAECTOR Research Project provides you with a unique opportunity. In your final year of your Bachelor studies you get the opportunity to do a research internship at a company for two months. The summer afterwards you will experience an unforgettable trip to amazing destinations.

Why did you choose FRP in your minor?

Approaching the final stage of my second year made me think about my future career. At that time, I noticed that I would almost be joining my third year in which I could visit multiple companies and find out where I would like to work after my studies. However, to make a good career choice I first had to make a good Major choice. Since I had a lot of doubt between going for a Logistics major or a Finance major, I decided that FRP would be a great opportunity to find out!

Why did you choose FRP over following extra courses?

My FRP trip was one of the best trips I have had in my life

Since going on exchange was quite difficult in that time (I know that I sound very old by saying this haha) my main choice was going for FRP or going for a minor. I chose for FRP because of the whole experience. Besides doing an internship to find out my career interests, I would also go on an amazing trip to awesome destinations!

How was your FRP trip?

My FRP trip was one of the best trips I have had in my life. We went on a trip to South Korea, Malaysia and Singapore. In three weeks, we managed to visit all well-known sight-seeing must-haves via City Tours as well as visiting companies, universities and doing other nice activities. That’s also what I liked most about the trip. At one time, we were all dressed up in our business suits to go to a company after which we changed, had dinner and got ourselves into the local nightlife.

What companies/universities did you visit?

Throughout our trip we went to the University of Seoul, the headquarters of Samsung in Seoul, National University in Singapore, ABN AMRO Singapore and Flow Traders Singapore. Visiting companies and universities during the trip was very interesting since we could experience the different study and working environments in Asia.

What was your favourite part of the trip?

Visiting companies and universities during the trip was very interesting since we could experience the different study and working environments in Asia

My favourite part of the trip was in Seoul. The people in Seoul are very friendly and humble. Next to that, we had an exciting journey to the headquarters of Samsung in Seoul where we were already able to have a preview of upcoming gadgets. At that time (in the August 2014), we saw already the Samsung smartwatch and we saw a fridge with a semi-transparant TV-screen door such that you could see what’s inside your fridge and watch TV at the same time. As we all know, the Samsung smartwatch is currently a well-known gadget, I am curious to see when the High-Tech Samsung fridge takes over the market!

Did the FRP have any impact on your ‘career’ or master direction?

Yes, it did. During that time I had a lot of doubt whether I would choose for a Logistics major or for a Finance major. For FRP I did an internship at Charta Software, a software development company founded by two former Quantitative Logistics students who participated in FRP during their study time as well! Therefore, they could tell me everything about Quantitative Logistics and the challenges that come with it in business life. Although I had a strong interest in programming, I realized that I was not attracted to all logistics puzzles for which programming is needed. Based on that insight, I decided to go on with a major and Master in Quantitative Finance which I have nearly finished by now.

Do you feel like you have a benefit over someone else who hasn’t done FRP?

The FRP had a big impact on my choice of my master direction

Yes, doing an internship for two months that was fully arranged by FAECTOR was amazing. I didn’t have to reach out to any company myself, which I would find very difficult at that time due to my lack of knowledge about all different companies. Also, my fellow FRP participants became good friends of mine and we still (3 years later) go for a dinner and a party sometimes.

Jaap van Elsäcker

FRP Trip 2016: Dubai, Cape Town, Tanzania

My name is Jaap, I am 22 years old and I am doing the master Quantitative Finance. Right now I am doing an internship and furthermore I am in the Alumni committee of FAECTOR. I participated in FRP 2015/2016.

What is FRP exactly?

FRP is the perfect way to turn all your econometric knowledge into practice, get to know companies in various directions, in combination with a study trip to exciting locations.

Why did you choose FRP in your minor?

I chose for FRP because I was not sure if I wanted to do the Logistics or Finance Master. An internship in one of these directions could give me more insight than an open day, and would be definitely more worth than going out for 6 months.

How was your FRP trip?

Our FRP trip was (like every year) the best. We have seen all kinds of companies, visited three different countries (and cultures!) and had so many new experiences. I doubt if there have been one single participant who does not feel that way about their FRP.

What companies/universities did you visit?

FRP is the perfect way to turn all your econometric knowledge into practice, get to know companies in various directions, in combination with a study trip to exciting locations

In Dubai, we visited Robeco and Friesland Campina. Furthermore, we have visited the Consulate-General of the Netherlands. In South Africa we visited Naspers, one of the biggest companies of the African continent. Here we had some drinks and very interesting discussions with the CEO! With respect to universities, we have visited the university of Cape Town and Stellenbosch.

What was your favourite part of the trip?

It is really hard to mention one favourite part. It must be either seeing the sun come up on Lion’s head in Cape Town, the helicopter flight over Cape Town, seeing an elephant during the walking safari or maybe visiting the waterpark at the point of the Palm Island in Dubai. I could go on for hours!

Did the FRP have any impact on your ‘career’ or master direction?

My favourite part of the trip? I think I could go on for hours!

It definitely had! The topic of my internship was logistics related, and I found out that it was not the direction I wanted to go. Afterwards I chose to do the major in Quantitative Finance and right now I am doing the Master’s in Quantitative Finance. I am really glad I made this choice!

Do you feel like you have a benefit over someone else who hasn’t done FRP?

Definitely! Wouldn't you, if you went on a safari, visited top companies in Dubai, hike the Table Mountain and relax on Zanzibar with a group of friends? ;-)

Romain Heuts

FRP Trip 2016: Dubai, Cape Town, Tanzania

My name is Romain, I am 22 years old, am in the last year of my bachelor and was one of the fortunate participants of the IRP (now better known as FRP) of 2016!

What is FRP exactly?

FRP is short for FAECTOR Research Project. During a period of 8 weeks you will do an internship at a company. I did my internship at a company called INK361. It was my job to help the company in finding a price strategy that would maximize the revenues of advertisements. In other words, I got the opportunity to use my knowledge and methods that I learned the first two years of my bachelor in practice. Moreover, next to this internship, you of course go on an amazing journey during the summer with your fellow participants.

Why did you choose FRP in your minor over going on exchange?

I wanted to see how it was to work at a big company, so I chose for doing an internship over going on exchange

I wanted to see how it was to work at a big company, so I chose for doing an internship over going on exchange. However, trying to arrange an internship on my own was harder than I thought, because you have to meet all requirements of the university. Also, a lot of companies did not want a student on their own accord that didn't have any work experience, that wanted such a short internship (of 8 weeks) or that was a bachelor and not a master student. Since FRP arranged all internships for their participants, and of course a wonderful journey in the summer, this was a more then better alternative.

Did the FRP have any impact on your ‘career’ or master direction?

Definitely! After my internship at INK361 I kept working there some months as a workstudent, and my assignment was marketing related. Thanks to the internship and the function as a workstudent I discovered that my interest was not really here, but more in the financial world. Therefore I am now working at a corporate finance boutique. 

Do you feel like you have a benefit over someone else who hasn’t done FRP?

My FRP trip was, to talk in terms of the journey, 'Not Normal'!

Of course. It is an experience you will never forget, so the answer to this question is a big yes with a capital Y. (I think that if you ask this to every FRP participant they will confirm this).

How was your FRP trip?

To talk in terms of my FRP trip: ‘Not Normal’.

What was your favourite part of the trip?

This is a hard question, but if I have to choose I would choose the following: Our safari, the flight over Cape Town in a helicopter, climbing the 'Tafelberg', watching the sunrise on the 'Lions Head', the water park in Dubai, our other safari through the desert, wine tasting at Stellenbosch... I surely forgot a lot of other wonderful memories, but to describe my trip in three words: an amazing journey.

Interested in the FAECTOR Research Project or want to know more? You can send an e-mail to frp@faector.nl with your questions. Already want to apply for the FAECTOR Research Project? The deadline is the 27th of March, 23:59. You can apply through this link!

About this article

Written by:
  • Mateusz Galle
| Published on: Mar 22, 2017