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NEWSLETTERS & ALERTS
NYC's Baruch College Wins Collegiate Trading Competitions
[Photo: Baruch College's Vertical Campus on East 25 Street, NYC / Panoramio.com]
By Howard Haykin, (Who proudly earned his MBA from Baruch College)
Baruch College, a public college in the New York City University system, is in the heart of New York City, some 5 miles north of Wall Street. Despite its proximity to the financial universe of the world, Baruch graduates are hired more often for their accounting or computer skils than for their capital markets skills.
Well, that could change. The WSJournal last week reported that Baruch College undergraduates not only placed first, second and third in last fall’s MIT annual collegiate trading competition, but they collectively won February’s Rotman International Trading Competition, sponsored by the University of Toronto. [RESULTS; VIDEO]
At a typical competition, students have a limited amount of time to maximize profits in trading simulations that might focus on stocks, commodities, volatility instruments, or other areas of the markets.