Chaifetz School of Business Introduces Industry Mentor Program for Applied Portfolio Management Students
The Applied Portfolio Management (APM) course at 91女神 provides finance students in the Richard A. Chaifetz School of Business with the opportunity to actively manage a portion of the University鈥檚 endowment fund. This fall, the program is launching an industry-mentorship program to connect current APM students with leaders in the St. Louis region鈥檚 robust finance industry.
The Chaifetz School introduced its APM course in the fall of 2002 through the vision and efforts of finance professor Brian Betker,
Ph.D. The first class of 91女神 APM students managed $500,000 of the University鈥檚 endowment
funds. In the two decades since then, the portfolio鈥檚 value has grown to nearly $1.9
million. In 2016, a distribution from the portfolio helped fund the construction of
the Edward Jones Data Analytics Lab, a new state-of-the-art facility with 12 Bloomberg
terminals now home to the APM course.
Nearly 20 years since its founding, APM remains a popular and prestigious option for
the Chaifetz School鈥檚 top finance students. With full support from the entire finance
department, demand remains high for a limited number of APM seats. Only 15-18 students
are accepted into the class each year.
While APM already provides undergraduate students a unique experiential learning opportunity
to work as equity analysts, Thomas Doellman, Ph.D., professor of finance at the Chaifetz
School, saw an opportunity to make the program even more beneficial to its participants
by adding a mentorship component.
鈥淲e work with an industry mentor every year at the CFA Research Challenge, and I thought,
why are we not trying to include something like this in our course,鈥� Doellman said
of an for university finance students that seeks to promote best practices in financial
analysis and professional ethics. 鈥淭he students love working with the industry mentor,
and the industry mentor is volunteering because they want to do this, so they鈥檝e been
very passionate and enthusiastic about working with the students.鈥�
The APM course already receives positive student reviews for its experiential learning
component, according to Doellman. 鈥淪tudents always love to see that what they鈥檙e doing
in class is directly related to, or the same as, work that鈥檚 actually done in the
industry,鈥� he said. Doellman believes providing students the chance to make industry
connections while learning the latest investment strategies directly from professionals
in the field through APM鈥檚 new mentorship program will make students even more competitive
in the job market post-graduation.
Mentors from Edward Jones, Wells Fargo Wealth and Investment Management and Asset
Consulting Group joined the program this fall. Representatives from NISA Investment
Advisors are slated to join in 2021.
Doellman says students and mentors are loving the program so far. 鈥淲ith the addition
of this industry mentor component to Applied Portfolio Management, I think we鈥檝e really
made it one of the most unique courses we offer at the Chaifetz School.鈥�