Finance clubs are a scam
Fake clubs, most don’t even meet or invest real money. Just a resume-builder for hardos.
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How a scam? I don’t know any club that GUARANTEES you a full time BB offer.
Literally anyone can join the club at my school
Ivy Club at Princeton. If you consider that a club.
Ivy Club isn't a club, it's a lifestyle.
Sorry you got rejected, maybe next semester
Is this every diss? The “looks like someone didn’t get a return” or “oops, maybe next semester” m
Real fucking original dude.
Damn looks like someone didn’t get a return
I think they are beneficial, nice to know you have others who are aspiring sociopaths just like you
My school has two. Both invest real money. You can land a BB gig here without being in either. They are not that important, but a fun thing to be in if you like finance.
Thanks OP, now, time to report them to the authorities!
It's true lol
Here's a straw OP, so you can suck it up and quit bitchin' about your rejection from the finance clubs
Finance is a scam too
Some state schools in California (and several other states) invest real money, 100K-250k+
My finance club had guest speakers almost every week and I got the opportunity to meet and have conversations with managing directors, portfolio managers, etc. of some large and well known firms. Probably never would have happened without the club.
Sounds like you just have a shit attitude and need to broaden your horizons.
Lol, are you referring to the Berkeley Investment Group?
Sure, among others. Objectively speaking, more state schools where I live have some form of student managed funds than those that do not. I’m not arguing for the prestige or merit of these, simply stating a fact
Lol mine is just a bunch of people who reference finmemes 24/7. Some people didn't join cause they thought that they were kinda arrogant. But we do have talks with people in industry and etc as well as learn things.
If you're gonna join a club, might as well join a fun club where they drink alcohol.
Who cares. Resume building is what everyone is doing is college in order to get that sought after internship or full-time offer. It's not just for "hardos" it's for anyone who wants the best chance of landing an offer.
Plenty of clubs that invest real money.
Harvard Black Diamond, UNC Reynolds Fund, Penn State Nittany Lion, UVA MII are just a few that I've seen on the resumes of really impressive kids.
Global Platinum Securities includes many schools.
Nah if you at penn state, you are automatically downgraded to not impressive
I go to a traditional target school. Most of our finance clubs were well intentioned when they started, but quickly (within 5-10 yrs) devolved into scams. They don't have a ton of money, rarely modify their holdings, and tend to leave all the club's funds with one "executive" board member in a personal brokerage account...
I've started a new one with a non-profit model & an additional focus on personal finance. We've had some early success fundraising... wish us luck! And, perhaps more importantly, to not become another mediocre scam club...
My uni has a $1mm fund run by undergrads. Most of them end up getting IB/AM jobs. Not really a scam by any means.
sounds like UDayton - the first student managed fund in the country.
huh?
no
my uni has one in the uk, but i never bothered with it bcos equity doesn't interest me and apparently bcos of charitable statuses and licenses(?) they're not allowed to invest into fixed income
At my target, finance club connections are the main route into good sophomore summer buyside internships, plus they give you strong network of upperclassman going to BB/EB/buyside to help guide you step by step through firm-specific recruiting. Similarly, you get all the prep guides, interview resources, lists of recent club alumni to network with, etc passed down to you. They’re where I learned all of my foundational finance knowledge, certainly wouldn’t be where I am without them.
Just out of curiosity, what are the most legit undergrad finance/investing clubs? I've heard of Blue Chips at UChicago and Black Diamond at Harvard, but are there any other legit investing clubs?
.
Nah at USC the only impressive club is Value Investing Group (VIG). Anyone in Marshall can get into USIF imo
Duke finance club. Probs Ivey Investment club too - the one Matt Ting was co-president of.
Moving beyond undergrad, the golden one above all is probs CBS Value Investing Club, for MBAs. I subscribe to their Graham and Dodd newsletter, always have some nice stock pitches which people have said have turned out to be prescient and have benefitted from financially. Makes sense since those people are legit ER analysts
The blue chips is solid
care to elaborate? dont know much abt it other than that the interview process is rigorous.
Reminds me of that Tate quote “yeah mhm yeah duh, obviously, that’s what they want, that’s what they’ve always wanted.”
At my uni's main finance club, 2 presidents got kicked off the club 2 years in a row. First president got the boot for condoning homophobic behavior and comments by a VP, which stirred up plenty of nice drama across the whole committee lol. VP in question got kicked off too. Then the president in the next year, got the boot for spiking a fresher girl in a club during the finance club fresher's event lolll. That was interesting
Plenty of other sweet drama such as committee members sexually harassing girls during the interview to join the club. Don't know if that one is true tho
Had 2 finance clubs on campus. But BOTH clubs described themselves as 'the largest society on campus'. That was pretty confusing. So which one is larger?
Did the people who got removed from the club have a hard time landing internships?
No, no, not at all. First of all i seriously doubt if HR participates in gossip by uni kids and thus they probs don't know. Secondly banks don't care.
The people who were removed went on to do well (at least in terms of internships and FT)
?
Bro, your mother is a scam. Anything to boost your resume is good. You know how many chads randomly put shit like this on their resume? Get a fucking grip buddy 🤣🤣
This is the type of shit tools will drool over in a resume lmao, so many fucking douchers in this industry
My school has a couple clubs that together invest over a million dollars of funds. Totally not necessary to be in them to do well in your early career, but they are an awesome way to get exposure to some principles of finance and investing and actually put them to work. Through these clubs you can become relatively proficient in valuation/accounting and even just knowing how to look at a company within your first year at college.
Personally never did them, not a necessity like others have said.
HOWEVER I do love now that I'm working in IB (only intern) and those that are in the finance clubs that don't have anything yet are like how'd you do it, can you help me out, and just asking questions meanwhile before I was in IB they were all stuck up assholes to anyone that wasn't in their lil jerk circle.
agreed. i like the more laid back ones because the people are a lot more down to earth. the top 2 at my school (west coast target) have kids with sticks up their ass asking advanced technicals in coffee chats (they haven’t even completed their summer analyst stint)
but if you don’t like that crowd, there are plenty of people who land without those clubs, it just takes a bit more work
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