How Competitive is the Nittany Lion Fund?
Does anyone here know how competitive Penn State's Nittany Lion Fund is to get in to? What are the responsibilities of fund members?
Trending Content
| +89 | Are you “less ambitious” for having long term goals outside of NYC | 22 | 2d | |
| +56 | How to sound more eloquent? | 26 | 17h | |
| +40 | WSO Ranking On Resume??? | 10 | 1d | |
| +35 | Interviews Are So Fake | 20 | 1d | |
| +33 | 2024 UK Election - Tories finished? | 20 | 1h | |
| +29 | Why do people listen to Jim Cramer Investing Advice? | 13 | 1d | |
| +26 | Is my boss gaslighting me? | 3 | 5d | |
| +24 | Chaotic Insane investment banker who passed away in the 90s or 2000s | 12 | 5d | |
| +22 | Ideas for things to do with a free semester before starting ft? | 9 | 20h | |
| +21 | Being Christian in investment banking | 11 | 16h |
Career Resources
Hi theaccountingmajor, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
Who will rescue this thread? SkyIsTheLimit aidanjudge96 rwt821
If those topics were completely useless, don't blame me, blame my programmers...
I made it into the Nittany Lion Fund and can attest to the difficulty: it is extremely competitive. To get into the Nittany Lion Fund you need to be a member of their feeder org called Penn State Investment Association (PSIA). PSIA has over 400 kids in it each semester. Then you have to pay $25 to get access to the PSIA’s canvas page so you can submit assignments to be considered for the Fund. I would say about 100 out of the 400 people in PSIA actually follow through with becoming a dues-paying member.
That being said, the ~100 people who paid $25 for access are definitely serious about joining the Fund, with most being finance majors (3.5 GPA minimum) who attend most weekly meetings while studying technicals. Only about 40 people will end up being selected for a first round interview. You get recommended by networking with fund managers and proving to them through mock interviews that you are qualified. From there, only 10-12 people are offered a position in the Fund each semester.
If you were to make an acceptance rate for getting into the Fund as a dues paying PSIA member, it’s about 10%. If you get the first round, it’s 25%. If you just sign up for PSIA, it’s more like 2.50%. Keep in mind that the people who are trying for the Fund are also very qualified (most with over a 3.7 GPA and knowledgeable on the basics of finance).
With all being said, it’s extremely difficult, as it’s an extraordinary opportunity that virtually no other college offers. Though it may sound overwhelming, it is on par with how hard it is to land a job on Wall Street (with many banks having 1-2% acceptance rates with ivy leaguers applying left and right). However, it is not impossible and if you work harder than everyone you will get in. I would totally say the work is worth it. And if you do get in, it’s something that sets you apart from any other candidate, being able to say you manage a portfolio of millions of dollars.
^^^The Accounting Major in witness protection.
It’s extremely competitive to get in. To get in you essentially have to treat PSIA as a class and study for the interviews and you have to spend your free time networking/mocking with current fund managers. You have to good relationships with the current fund managers to even get in. You also have to have a high gpa combined with leadership experience. Once you’re actually in it’s a 35-40 hour time commitment the first semester. That’s a significant amount of time to spend on an extracurricular activity and that’s in addition to doing well in classes and being involved in other activists and maintaining leadership roles in those activities. The culture of the fund is said to be very realistic to wall street and there’s a lot of emphasis on perfection and performance and you will get yelled at and criticized if you don’t perform at NLF standards. It’s no easy feat and recruiters know it.
-
Ipsa debitis reprehenderit ea aliquid ut labore. Laboriosam repellat sed illum reiciendis. Quae ut at aliquam commodi. Odit delectus vel aut velit ipsum blanditiis repudiandae.
Ipsam aut et cupiditate mollitia vel ea. Eos ex quia voluptates et non aliquam qui. Aliquid animi nobis velit reprehenderit dicta nam qui. Qui necessitatibus eveniet sint et odit consectetur vero. Fugiat totam qui magnam voluptatem. Et quod tempore harum enim ea distinctio ut a. Commodi sit repellat voluptates corrupti aut velit.
Voluptas molestiae iure voluptate. Enim facilis consequatur explicabo voluptas nobis. At voluptatem nam atque beatae libero qui sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...