Finance clubs are a scam

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

I think they are beneficial, nice to know you have others who are aspiring sociopaths just like you

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 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.

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.

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?

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?

?

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