Millikin University’s Tabor School of Business is excited to announce plans to launch a student-managed investment fund in fall 2010. The fund will be capitalized with a $100,000 allocation from the University’s endowment.
As part of a three-semester course sequence, Millikin University finance majors will serve as security analysts and portfolio managers for the fund. Unlike similar programs at other institutions, Millikin's student-managed fund will be incorporated into the curriculum for finance majors. Fund managers will be advised by faculty members and professionals in the financial services industry.
“Given the current economic climate and its importance in U.S. history, now is an ideal time for students to gain an intimate knowledge of the market, and understand the key factors of successful investing,” commented Phil Blankenburg, retired vice president of A.G. Edwards & Sons, Inc. and current chair of the Investment Committee of the Millikin University Board of Trustees. “This proposal is a natural evolution of the exceptional business curriculum offered by Millikin's Tabor School of Business, allowing students the opportunity to perform and compete in a real world setting before leaving the classroom.”
“We’re very excited to offer this opportunity for our students,” remarked Dr. Jim Dahl, dean of the Tabor School of Business and interim dean of the College of Professional Studies. “Students will be held to the same standard as investment professionals as they gather information in an attempt to lead to a buy or sell decision. I cannot think of a better way for business students to test their knowledge than to apply it directly in the financial world.”
The program provides yet another component to Millikin’s multi-faceted business education, which includes dual degree opportunities in Europe and Asia, internships opportunities with multiple Fortune 500 companies, seed money for students to start their own businesses, business consulting opportunities both domestic and international, a student-run business incubator, and an entrepreneurship program that has been recognized by Entrepreneur magazine and The Princeton Review.
In the past, Tabor students have been taught the theories of financial management, but haven’t had the opportunity to use real funds, according to Dr. Tatiana Isakovski, assistant professor of finance. “Entrusting our students with this responsibility as undergraduates makes for a more meaningful and well-rounded business education,” she remarked.
D.J. Cropper, a senior finance major and member of the start-up team developing curriculum for the student-managed fund calls the program “a phenomenal opportunity.” “The experience of investing money as an undergraduate adds an entirely new element to our educational experience and teaches us things that textbooks and simulations cannot. He continued, “Facing the real world pressures of investing in a volatile market is a chance to prove and apply all that we have learned,” he concluded.
For information on the benefits of a Tabor education, visit www.millikin.edu/tabor.