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Baruch College Hosts Successful Stock Market Challenge

High school students participate in weekly trading event, sparking interest among educators and potential expansion into subsequent years.

'De Nieuwe Beurs op het Damrak te Amsterdam gezien komende van den Dam', NG-1972-28-20-119
Illustrative image, not a photograph of this event. Rijksmuseum via Wikimedia / CC0

Baruch College's Zicklin School of Business hosted a Stock Market Challenge for high school students, attracting a large turnout from across the city. The event took place on a weekly basis over several weeks, culminating in a final trading day where students put their skills to the test. This year's challenge was held at the Subotnick Center, located within Baruch College, which is part of the City University of New York (CUNY).

The Stock Market Challenge was made possible by a partnership between Baruch College and financial services company Bert W. and Sandra Wasserman, who donated their trading floor to support the event. According to Gideon Pell, director of the Subotnick Center, this collaboration enabled students to gain hands-on experience in a realistic setting.

The high turnout of students has sparked interest among educators, who report that many are now eager to replicate similar programs. 'It's clear that experiential learning is having a lasting impact on these young minds,' said one administrator at a nearby school system. As for the future of the Stock Market Challenge, Gideon Pell confirmed that discussions are underway to expand the program into subsequent years. While plans have not been finalized, it is reported that Baruch College aims to make the event an annual fixture in its academic calendar.

The partnership with Bert W. and Sandra Wasserman has also provided students with a unique opportunity to learn from industry professionals. The trading floor, equipped with market news and analysis tools, allowed students to gain insight into the daily operations of active investors and traders. This exposure is believed to be invaluable in helping students develop their skills and build confidence in their abilities. However, unconfirmed reports suggest that some educators have expressed concerns about the potential risks associated with investing real money by high school students. It remains to be seen whether these concerns will impact the expansion plans for the Stock Market Challenge.

Sources this summary is based on (1)

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