Wednesday, Dec 12, 2012
Students gained real stock market experience while participating in the Student Investment Challenge.
by Meaghan Haugh
This fall, more than 45 students competed in the College of Business Administration鈥檚 second annual Student Investment Challenge.
During the 10-week competition, 11 student teams invested $1 million of virtual money in stocks, bonds, mutual funds and equities, which they monitored through Stock Trak, a simulated stock market game. Each team had an adviser, who is either a faculty member or finance professional, guide students in their decisions and answer their questions. The competition was designed so that the team with the most money remaining won.
鈥淭he whole purpose of the investment challenge is for you to learn about investing,鈥 said John Farrell, assistant dean of the Graduate Programs for CBA, to the students during the awards ceremony. 鈥淭his game gave you the opportunity to learn those lessons hands on. One thing I really hoped you learned was how to work as a team, how to listen and how to make decisions.鈥
The first place team included Kelvin Javier 鈥14; Kevin Tallaksen; Christina Yasay 鈥14; Alex Lamon 鈥14; Michael Szubrowski 鈥11, M.B.A. 鈥14; and adviser Dr. Anne Carroll, associate dean of Undergraduate Programs for the College of Business Administration. The team, which was recognized during an awards ceremony on December 7, credited its success to teamwork and paying attention to the news and stock market. They invested in small businesses, but ensured diversification in their investments.
鈥淚t gave us the confidence to go invest in the stock market,鈥 Javier said.
The second place team included students Prema Sudersan 鈥13, Ian Nyathi 鈥13, Kyle Renz 鈥13, Ankit Tak 鈥13, Jonathan Moyer 鈥13; and adviser Dr. Charmen Loh, associate professor of Finance. The third place team included students Meena Guirguis 鈥13; Anthony Correale 鈥13; Alana Batts 鈥13; Milorad Milosovici 鈥13; Ben Casal 鈥13; and adviser Dr. David Suk, associate professor of Finance.
In the spring, Rider plans to participate in a transatlantic stock market challenge against students from Centre d鈥櫭﹖udes Franco americain de management (CEFAM) in Lyon, France.