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.

 

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...

 

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

 

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?

 

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)

 

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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