Trading Classes: Some Business Schools Finally Get It!
I went to Syracuse University. SU's Whitman School of Management may be one of the schools that has tried to give their students a more real world like experience that will prepare them for the business world, but they fall short in one key area and that teaching their kids why markets move from ground level perspective. Now I only have business minor from SU so maybe someone who has major from Whitman can shed more light on my following gripe.
About two months ago a member of the Bloomberg sales came in to my office to show my how to step up my customized "Launchpad Monitor". She was a Syracuse grad herself. Class of 2001 if my memory suits me. She was telling me how the younger kids within the bigger banks and within hedge funds often are way ahead of the research curve because we (the youngest age group in the business world) because they more readily grasp the vast array of new research tools that Bloomberg has rolled out. She noted that very often she would see the older gents at the firms asking the younger kids bow the found information or how they were able to pull down data as fast they had. Here is my main point. When it comes to business I believe their is not enough emphasis on teaching students how the whole financial world operates on daily basis. More often then not students just get a macro perspective. Bloomberg/Reuters terminals are phenominal research tool that are used constantly throughout the day at almost every investment firm, so how come Syracuse University only has 2 Bloomberg terminals? Even if you aren't interesting in trading, I believe, that every student should get a glimpse of what is going on behind seens when the market goes up and down. They should know whats going on the various trading floors and know what they traders are looking at when they trade .... ie a Bloomberg terminal.
Tulane University, unlike Syrcacuse University, is ahead the curve with its new cutting edge trading classes and facilities. The first-of-its-kind teaching simulation brings the software and commodity systems used in most commercial trading houses to Freeman’s trading center, a $2.5 million state-of-the-art classroom built to mimic a trading floor. The simulation is being used for the first time this semester by students enrolled in Energy Fundamentals and Trading, a class focusing on principles of energy futures traded on the New York Mercantile Exchange (NYMEX).
http://tulane.edu/news/releases/111907.cfm
Hopefully Syracuse will follow their lead and I will go ahead and make a journey back their and get my MBA, but so far I have seen nothing from SU shows that they end to start such a class.
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Not so sure
I think most business schools and business professors are efficient market theorists who don't give a crap about you're bloomberg terminals or trading in general.
True....but
I bet we can agree on this...Students will go to the schools that provide the best opportunity to make the most money!
From what I have read firms are lining up to get in contact with the kids that have taken these trading classes. If this is true than kids will start to flock to these schools. If that happnes we might see your "business and business professors" stature drop.
Great article
This is a great article- thanks for sharing/writing.