Financial Management Association
Creighton FMA Students Win National Competition
Creighton University College of Business Administration Financial Management Association (FMA) won first place in the Texas Christian University-organized National Collegiate Investment Competition “between undergraduate investment/finance clubs from some of the nation’s top schools.” The two students representing Creighton were and Ricky Anderson, FMA President, and David Bogard, FMA Vice President, and they won the $750 first prize award.
Schools competed to produce the best performance managing a virtual stock portfolio over the course of the 2008 fall academic semester. Participants ranged from the College of William and Mary to the University of San Diego and included such notables as the University of North Carolina, SMU, Syracuse University, Oklahoma State University and Michigan State.
The Creighton students achieved a 29.5% return on their investments, more than doubling the performance of the second place team from SMU (13.7%), and shattering the -22% change in the DJIA during the same period.
THE MISSION OF FMA is to assist finance students in making the transition from students to professionals. The objectives of the organization are to ensure that its members:
- Obtain valuable career information;
- Develop professional insights and attitudes;
- Gain experience in problem solving and decision making;
- Increase professional and faculty contacts;
- Improve social and interpersonal skills;
- Demonstrate competence in skill areas beyond those needed to obtain a
college degree.
These objectives are met by encouraging social interaction between students, faculty, and businesses. Professional speakers, fundraising, and community service are just a few activites available to members of FMA.
