A team of business students – from New College Stamford have battled their way into the Student Investor Challenge semi-finals, beating over 9000 teams from schools around the UK and abroad.
The Student Investor Challenge, run by The London Institute of Banking & Finance, challenges teams of schoolchildren to invest virtual money on the London Stock Exchange and trade stocks and shares to make a profit.
Students successfully invested virtual money and came 183rd after the first round of trading. Only the top 500 teams progress to the semi-finals. They’ll now go on to battle the remaining 499 teams to try and reach the final in London.
Congratulations to students:
- Alex Conlon
- Jennifer Hogg
- Jessica Santos
- Mae Emmerson
- Ellen Naiken-Cooke
- Callum Tea
- Teah Maibaum
- Grace Mortom
- Radhana Sharda
About the Student Investor Challenge
The Student Investor Challenge is an online investment simulation for students aged 14 – 19 years old. It helps students increase their understanding of how stock markets work and hone their investment skills by investing virtual money on the London Stock Exchange.
It aims to improve financial capability and encourage engagement with the finance sector. It gives students a positive and practical experience of what it’s like to invest in the real-life stock market, gain team-work skills and strengthen their maths knowledge.
How it works:
- Teams from schools around the UK and internationally compete against each other by trading two virtual portfolios worth £100,000 in the stock market over a four month period. They trade their shares, trying to predict how share prices might move, bearing in mind market and economic conditions, to make the most profit.
- Trading replicates reality, with feeds from Bloomberg and the real costs of trading included. Students are challenged to make both long and short term trades, encouraging both day-to-day and strategic thinking.
- The top 500 teams progress to the semi-final.
- The semi-finalists battle to reach the final in London. Only 8 teams will go through to the final stage.
- The London Institute of Banking & Finance has been at the heart of the finance sector since 1879. We’re an education body and registered charity, incorporated by Royal Charter.
- We’re the only specialist provider of personal finance qualifications for children and young people, helping them to develop vital money management skills for life as part of the national curriculum.
- We have our own university, providing undergraduate and postgraduate degrees for students aiming to pursue a career in banking and finance.
- And we’re an awarding body for industry qualifications covering a wide range of subjects, including banking, investment and financial advice in the UK and internationally.
1st prize is an all-expenses-paid trip to New York, including a trip to the New York Stock Exchange, hosted by Asset TV.
- 36,860 students traded in 9847 teams of four (35,196 UK students in 8799 teams, 1,664 international students in 416 teams)
- 996 schools are taking part (948 UK, 48 international)
About The London Institute of Banking & Finance
Catherine Winter, Managing Director of Financial Capability at The London Institute of Banking & Finance, says:
“This competition is a powerful way of engaging young people with how the finance sector works and relating it to everyday life.
“The movement of stocks and shares, currency fluctuations and central bank activities can feel quite remote and difficult to get to grips with. By bringing it to life through a trading game, young people have proved they can grasp how economies work and the basics of investment. So, congratulations to the semi-finalists for making the top 500, it’s a great achievement!”