If you’re going to learn about investing, where better than the nation’s mecca of commerce.
A group of Mississippi State University students are traveling to New York City this week as part of the Quinnipiac Global Asset Management Education (G.A.M.E.) VI Forum. The university said in a press release the event is centered around discussions of global markets and the economy, corporate governance and investment strategy as well as career opportunities within the financial services industry.
Members of MSU’s Tennessee Valley Authority Investment Challenge panel have spent the past year managing a stock portfolio worth more than $500,000. According to the release, students were required to analyze and purchase stocks for the live portfolio while adhering to investment guidelines established by TVA. The school is one of 25 college and university teams competing for the best return.
“I think the biggest advantage these students gain is the real-world experience. We can teach all the math and theory in a classroom, but finance is a very practical science, and it helps to get the hands-on experience of what you can and can’t do when it comes to investing,” said Brandon Cline, MSU’s BancorpSouth professor of finance in the College of Business’s finance and economics department, in the release. “They learn from mistakes in this experience differently than learning from a hypothetical assignment or a case study.”
“We have the opportunity to apply the knowledge we are learning because we are managing real money — this is not a simulation,” Mark Zhang, a senior finance major from Ridgeland, said in the release. During the New York trip, Zhang will have the opportunity to participate in a closing bell ceremony for Nasdaq.
Participants, who are selected after going through a highly competitive application process, must commit to the program for a year. Upon completion, members receive a Bloomberg certification. Cline said the majority of the team is comprised of finance majors, but accounting, risk management, agribusiness and other majors are also represented.
The MSU team has made plans for a visit to Wall Street.
The G.A.M.E. event takes place Thursday through Saturday. Students from 140 colleges and universities representing 40 countries, 39 states and the District of Columbia are participating.
According to the release, the TVA Investment Challenge program was established to provide experience in financial asset management for students in the electric power utility’s seven-state service area. Funds managed are part of the Nuclear Decommissioning Trust Fund.
Contact Bracey Harris at email@example.com or (601) 961-7248. Follow @braceyharris on Twitter.
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