Undergrad Investment Clubs and their impact on recruiting

I noticed there wasn't a comprehensive thread on undergrad investment clubs and was hoping to start one. Personally, my schools investment club was crucial in my SA 2020 recruiting (early access to processes, networking, and mocks) but have noticed from conversations with friends that club structures and influence vary heavily across schools. I would be interested in learning more about other schools.

How is your school's investment club structured? (exec recruiting, responsibilities, club size, alumni network, how much money do you manage and how do you allocate etc...) How influential was being a part of your school's investment club in your recruiting? (SA, FT and beyond)

E.g. from my school My school has one main club that manages $100k+. About 40 people on the exec team but the club is open to non-exec members for educational purposes. Execs are recruited each fall to a specific sector and generate investment ideas and educational presentations over the course of the year. Very strong alumni network, and many sophomore and junior year SA positions are recruited for through a closed club process. Pretty low nepotism in the exec recruiting so the entire team tends to be quite strong and places at top firms each year.

Thanks guys, hopefully this thread can be interesting and helpful to all.