Teenagers throughout the UK will be bidding for the title of Student Investor Champions as the longest-running investment competition for schools begins this week.
The annual ifs Student Investor Challenge gives teams of up to four students, aged 14-19, the chance to invest a virtual £100,000 in the stock market, with the most successful team winning an all-expenses paid trip to New York and £2,000 for their school.
Over a three month period, the free-to-enter competition encourages young investors to learn about the broad world of investments and finance, through researching, planning and actively investing in a range of stocks, shares and other commodities.
Last year’s competition was won by a team of four students from Malmesbury School in Wiltshire, who triumphed over 10,000 other teams and 40,000 students.
ifs University College, which runs the competition, provides GCSE and A-level equivalent personal finance qualifications and has provided financial education to nearly 200,000 teenagers in the past decade.
Commenting on the competition, Alison Pask, Vice Principal at ifs University College, said:
“The start of the ifs Student Investor Challenge marks an important date in the calendar for schools up and down the country. Always fiercely competitive, the level of interest and enthusiasm, as well as the skills displayed by the students improves year on year and 2016 is set to be no different.
“The competition helps to develop crucial life skills for every student taking part. Beyond gaining a greater understanding of the financial world, students also benefit from improving teamwork, communication and analytical skills which they can take with them into their careers – wherever they may be.”
For more information and to register for free, please visit: www.studentinvestor.org