RIT Finance Club clipping

Collection — Folder: 1

Identifier: RITArc-0116

Staff Only

Scope and Contents

The RIT Finance Club clipping is of an article published in Rochester's Democrat & Chronicle on July 13, 1986. The article is titled "Students find reality the best teacher" and discusses the purpose and activities of the club, including the group's $10,000 investment fund provided by the university.

Dates

Creation: 1986 July

Creator

Rochester Institute of Technology. Finance Club (Organization)

Conditions Governing Access

This collection is open to researchers.

Biographical / Historical

The Rochester Institute of Technology's (RIT) Finance Club was founded around 1984. The group was open to all students at the university interested in the field of finance. Unlike many finance clubs on other college campuses, RIT's organization was provided with a $10,000 investment fund by the university. Members of the group chose the best investment options for the money in a lab situation. The fund was not liquidated each year, but instead supplied to the next group to try to invest.

As of 2011, a similar group existed on RIT's campus, the Financial Management Association. Once again, members have access to an investment portfolio, now totaling $112,000. Through participation in the club, students can increase their knowledge of the investing profession, along with its inherent risks.