Leeds Beckett students invest 'virtual' money with Redmayne-Bentley stockbrokers
In its fifth year, the scheme offers undergraduate and postgraduate students from the Universities Faculty of Business and Law (FBL), the opportunity to more closely understand how the financial markets operate and to gain insight in to a possible future career path.
Paul Houghton, Principal Lecturer in Accounting, Finance and Economics at Leeds Beckett, said: “I am delighted that we will be running the Student Investment Club again – previous year’s teams have told us how valuable this experience was, so it is great that Redmayne-Bentley want to continue the partnership.
“The exercise is particularly useful, not only for students thinking about placements or permanent employment, but also for those who simply want to widen their own self development. Benefits include gaining a greater insight into industry, broadening employability, developing new skills, and providing practical personal knowledge for the future.”
The ‘Club’ started five years ago when a Leeds Beckett graduate joined Redmayne-Bentley (one of the UK's largest independently owned stockbroking and investment management firms) and approached the University to run an investment club for students in the FBL faculty. The scheme has run every year since and generally attracts over 100 students from a wide range of FBL courses.
Students will operate in groups of six maximum and will have £100,000 of virtual money to invest. The competition lasts for six weeks and, during that period, the groups will be ‘trading’ by submitting buy/sell requests direct to Redmayne-Bentley as a real client would. A cash prize of £100 will be awarded to each student in the winning group who are able to display the highest profit.
Rachel Blythe, Investment Executive at Redmayne-Bentley and student contact for the exercise, added: “It is great that we can once again work with Leeds Beckett on such a worthwhile project. To be able to afford students the opportunity to hone their business skills and gain an insight into the ‘real world’, whilst improving their employability chances, is very rewarding and much needed at a time when future employers look for experience and ‘stand out’ candidates.”
A briefing session for interested students will take place on Tuesday 6 October at the Rose Bowl (Lecture Theatre C) from 17.00 to 18.30. The exercise runs from Monday 26 October to Friday 4 December.For further information email email@example.com