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Student Investor Challenge


King Edward VI School Bath has won this year’s ifs School of Finance Student Investor Challenge.  The team, "We’re only doing this for UCAS!” beat over 40,000 other teenagers and 10,000 teams to take first place in a hard fought final.  They will now go to New York on an all expenses paid educational trip, with £2000 for their school and £200 each.
 
The national final was in two parts; a business challenge in the morning and an afternoon presentation answering the question "Are the banks doing enough to help UK plc prosper?” Judging the final was Joanne Hart, Investments Editor at the Mail on Sunday, Lawrence Gold from The Bank of Mum and Dad, Anne Kiem and Donald Brydon, Chief Executive and former Chairman respectively at the ifs.
 
The winning team consisted of teenagers Alice Hamer, Conor Thomas, Oliver Schofield and Robert Wilcox.  They beat Hills Road Sixth Form College from Cambridge into second place and Peter Symonds College Winchester into third. 
                                                                                                                       
Now in its 17th year, the ifs Student Investor Challenge is open to all school and college students aged between 14 and 19.  The investor challenge is operated by the ifs, supported by Bloomberg and the FTSE.  The free to enter annual competition started with students receiving a fantasy £100,000 to invest in the stock market over three months.  The winning King Edward’s team increased their stock value by 12%, easily outperforming the FTSE 100.  This got them to one of four regional finals which they won, and then on to last Thursday’s national final.
 
The BBC’s Business Editor Robert Peston was guest speaker at the final.  Robert enthralled the investor challenge finalists with his own insight and experiences reporting from the centre of the financial crisis.
 
17 year old Oliver Schofield from the winning King Edward’s team said: "We still can’t quite believe we’ve won and that we’re going to New York.  This has been such a great experience, from our first share trade to today’s final, it’s been a real learning curve and we would encourage everyone to get involved.”
 
ifs Vice Principal Rod McKee said: "The ifs Student Investor Challenge provides a real insight into the reality of share dealing and the value of making sound financial decisions.  If you consider the events of recent years in UK finance and the financial markets, the growing popularity and importance of financial education in schools is hardly surprising.  We already provide financial capability courses to nearly 10% of secondary schools in England and Wales and that figure is growing.  This increase, coupled with the high number of entrants to this competition again this year highlight’s King Edward’s achievement, their performance today was exceptional. ”