Wall Street Bound Introduces Its Inaugural Diverse College and University Student Stock Picking Challenge
Wall Street Bound, Inc. (WSB), an emerging finance education 501(c)3 nonprofit organization with a mission to recruit, train, and mentor diverse and underrepresented college & university talent for careers in finance, will launch its inaugural student Stock Picking Challenge in October, 2022.
Limited to Wall Street Bound alumni and students currently enrolled in programming, the WSB Stock Picking Challenge is an opportunity for students to apply their knowledge and skills, experiencing the construction and management of a $100k simulated portfolio. The Challenge which will run from October 2022 through April 2023 will offer top-performing students educational stipends (1st place: $2,500, 2nd place: $1,000, 3rd place: $500), with winners being determined by risk-adjusted returns and a presentation of the WHY behind their portfolio construction decision making. Presentations will be judged by a three-member panel, including CNBC "Halftime Report" regular and Ritholtz Wealth Management CEO, "Downtown" Josh Brown, and Columbia Investment Management Company CEO, Kim Lew.
"The idea of a stock picking contest and the practical learning experience it creates by way of students being judged on stock selection, portfolio composition, risk-adjusted returns, and oral presentations, is a natural extension of the Wall Street Bound ethos and our desire for students to begin experiencing institutional rigor in everything that they do," says Wall Street Bound Founder & CEO, Troy Prince.
Investopedia has joined as a media partner for the Challenge. Caleb Silver, Editor in Chief of Investopedia says "We are proud to partner with WSB for the 2022 Stock Picking Challenge and support their investing and trading educational initiatives. Troy Prince and his team continue to teach valuable financial skills to communities that have traditionally been left out of this conversation, and we are honored to be included in their mission."
For more information on the WSB Student Challenge and Wall Street Bound, visit www.wallstreetbound.org or email [email protected].
About Wall Street Bound
Wall Street Bound was launched in 2019 with the goal of providing diverse college and university students with the skills, experience, and social capital that can empower them to reach their full potential through front and middle office careers in the financial services industry. By cultivating the next generation of finance professionals, Wall Street Bound aims to grow the number of people of color in finance, and give underrepresented youth a chance to become future leaders on Wall Street and masters of their own financial destinies.
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