Are you interested in gaining deeper knowledge about the stock market? Or, do you wish to participate against other students? Then, you must consider participating in Wharton Investment Competition.
Among the most popular types of competitions for high school students, the Wharton Investment Competition is one of the most popular deals. It’s an investment competition held every year that gives students the opportunity to compete for scholarships.
But, how does the competition affect your admissions to the Wharton School? Let’s get to the details.
Why Should You Enter an Investing Competition?
Investing competitions do exist, and they are highly valued. You get the opportunity to be paired with a group of experienced professionals who have real-life experience. Alongside you must not forget that you are here to compete. It’s also a good idea to be aware of the details of the competition.
One of the more challenging tasks is deciding which team to select. While it’s certainly not a walk in the park, it is an experience that can be shared with others.
The competition isn’t limited to Cornell students; alumni and non-students can form teams. To keep the momentum of the competition afloat, the competition organizers have instituted a no-fee policy on travel.
Investing in competitions is not for the faint of heart, but you’ll have a good time doing it. In the end, the winners will be the winners. Even if you cannot go for the trophy, you will have had an experience of a lifetime. It is because of the experience and the immense scope beyond you should enter an investing competition.
About Wharton Global Investment Competition
Designed for students, teachers, and mentors, the Wharton Global High School Investment Competition is an online financial investment simulation that allows participants to learn about investing, diversification, risk, and teamwork.
Students work in teams to buy and sell stocks and learn about company analysis and communication. Using $100,000 in virtual cash and virtual funds, teams build portfolios.
In 2022, the Wharton School of the University of Pennsylvania announced the semifinalists for the Wharton Global High School Investment Competition. Usually, a team of four to seven students works together to develop a strategy and invest in virtual companies.
Students use critical thinking and problem-solving skills to analyze information, develop a company analysis, and develop a long-term strategy for investing in the company. They are required to write a 10-page final report. Moreover, they will be evaluated by a team of judges. They will receive a “Certificate of Completion” upon completion of the Wharton investment competition.
How hard is it to get into Wharton Global Investment Program?
Applicants to the Wharton School of the University of Pennsylvania are required to fill out an application form. Usually, the deadline is around February. Thus, it is important to gather all the necessary materials before applying. Furthermore, you may also need to send letters of recommendation.
The application fee is $75. The program is designed for high school students who are interested in business and leadership. A select number of applicants are chosen each year.
The program teaches students about teamwork and communication skills. Students have the opportunity to meet with successful business leaders, visit companies, and participate in team-building activities. In addition to these activities, students will receive tuition and housing. The program has students from around the world, including 23 states and 15 countries.
Students also have the opportunity to visit Washington, D.C., and New York City. In addition to these activities, students will get to interact with Wharton professors. Moreover, these students will have the chance to attend Wharton-sponsored events, including weekend trips and social activities.
What happens after Joining the Wharton Investment Competition?
Taking part in the Wharton Global High School Investment Competition is an excellent opportunity for students to learn about the stock market. The competition allows teams of students from all over the world to compete against each other and develop a viable investment strategy. In addition, students learn about risk, teamwork, diversification, and communication.
Teams of four to seven students are given the task of analyzing companies, industries, and market conditions to create an effective investment strategy. Thus, students use the Wharton Investment Simulator, which allows them to create portfolios and analyze companies.
Students work as teams to analyze, buy, and sell stocks to create a profit-oriented portfolio. A team of experienced teachers will also assist teams as they develop their strategies. The winning team will be determined by the team’s investment strategy and profitability. Moreover, the winning team will be awarded a certificate for their achievement.
Is the Wharton Investment Competition Free?
Designed for pre-college students, the Wharton Global Youth Program engages students in the Wharton curriculum while exploring global challenges. The program offers a variety of educational activities, including problem sets, simulations, and collaborative peer projects. Teachers get the opportunity for professional development.
The program’s Wharton Global High School Investment Competition offers high school students a free online investment simulation. The competition teaches students about diversification, risk management, and teamwork. Teams are guided by a Wharton professor. The students then compete in a final project.
What additional do you get in this program?
Aside from the free online competition, the Wharton Global Youth Program also offers several other activities, including lessons on investing and negotiating financial aid packages. These courses will teach students how to make money, invest wisely, and negotiate for college. In addition, they will learn about the tax system in the U.S. A Certificate of Completion is awarded upon completion of each course.
The program also provides a series of themed toolkits, including a video glossary, articles with conversation starters, and lesson plans. They also provide teaching assistants who facilitate learning and share their college experiences. Moreover, these teaching assistants work with graduate teaching fellows to ensure that students are engaged in the curriculum.
Rules for the 2022-2023 Wharton Investment Competition
Using WInS, teams must register and set up their account by September 20, 2022, at which time the competition officially kicks off. Teams of four to seven students are expected to invest in a stock market simulator, which will allow them to purchase stocks from the Approved Stock List.
Wharton Global High School Investment Competition aims to educate its participants on all aspects of business and finance, from teamwork to risk management and analysis.
There are two main elements to the competition:
- A virtual simulation
- An online quiz
Teams are evaluated on their performance and strategies by a panel of expert judges. Teams that reach the semi-finalists phase will present their strategies to the same panel of judges but in virtual form. The top 10 teams will move on to the global finals in Philadelphia.
Wharton Global High School Investment competition is an online simulation that is free to participate in. Participants are guided by an advisor, a teacher, or an educator from the same high school.
To qualify for the competition, students must be at least 12 years old. Those below 18 years old must have a parent or legal guardian’s signature on a waiver.
How to register?
Thousands of high school students participated in this year’s Wharton Global Investment Competition. The winner will be selected based on the creativity of team investment strategies.
The Wharton Global Youth Program offers a world-class stock market simulation to help students learn investing concepts. Each week, students receive two hours of lessons by experienced teachers.
They provide advice and listen to students’ questions. They also offer resources for students to buy stocks for their portfolios. The program runs for 10 weeks.
The Competition is designed for high school students, and it accepts homeschooled students as well. It is open to current students in grades 9-12 in the United States. Homeschooled students must receive permission in writing from their home school.
The Competition is open to teams of four to seven students. Students must register for the Competition, and an advisor must be registered as well. Advisors can supervise up to five teams. In addition, an advisor must provide a school-issued email address and a website.
Do Investing Competitions affect Admissions?
This is absolutely a vague and misleading fact that competitions can affect admissions. Rather, they prepare the students for their future perspectives. Moreover, investing competitions are a great way for high schoolers to learn about the stock market.
Many of them offer students a chance to work together with their teachers, classmates, or advisors to buy, sell, and analyze stocks. They also allow students to develop and practice their problem-solving skills.
Conclusion
After going through this guide, we bet that you have come to know that the Wharton Global High School Investment Competition is a free online financial investment simulation. Here teams are guided by an experienced teacher advisor and use $100,000 in virtual funds to build portfolios. Students analyze companies, learn about diversification, and develop a strategy for investing in the company. Getting into the Wharton Global Investment Competition can be a dream come true for some young business students. So, be a go-getter and be a part of this renowned competition.