Business Students Get Inside Look at World of Investment Banking
Business Students Get Inside Look at World of Investment Banking

After spending a day competing in the University Trading Challenge, a real-world competition that simulates what it would be like to work in investment banking, Christopher Huffman’16 leaned back in his chair and reflected on the experience.

“The competition was so fun,” he said. “I could sit in front of the computer to do it all day long.”

One day he might, and he will be prepared.

“This entire challenge was beneficial because the software and trading platforms that we used are the same systems that are used in real-world firms,” said Huffman, who hopes to pursue a career as a financial analyst. “I also came to realize that when you are given the same news and information as everyone else in the market, no matter how much information you are given, you still couldn’t predict to a 100 percent certainty what the market would do.”

The University Trading Challenge gave business students an inside look into the investment banking world.

As part of the program, teams were challenged to act as investment bank employees presenting hedging strategies to their clients. Through a one-month real-world trading simulation and a one-day, intensive live-trading session in Philadelphia, the teams were immersed in a real-world financial data platform. It was the essence of experiential education.  

“It was an experience we could not have replicated in class,” said Steve Simos ’18. “I learned how to use financial instruments in ways that I was not exposed to in class.”

The UNH group, which competed against teams from 14 other universities, traded stocks, bonds, options and commodities on relevant news on the daily or even hourly basis.

“The in-class learning and the hands-on experience help the students prepare for the same type of challenges that they would encounter in the future,” said Fang Chen, assistant professor of finance.

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