How to Develop Successful and Ethical Investment Analysts: Marquette University’s Applied Investment Management Program

Managerial Finance, Forthcoming

21 Pages Posted: 27 Jun 2019

See all articles by Matteo P. Arena

Matteo P. Arena

Marquette University

David Krause

Marquette University - Department of Finance

Date Written: April 1, 2019

Abstract

Purpose – The purpose of this study is to suggest best practices for managing a successful Student Managed Investment Program (SMIP) based on the experience of the Marquette University’s Applied Investment Management (AIM) Program.

Design/methodology/approach – We provide a detailed description of the program curriculum, instructional design, fund structure, program history, fund performance and student outcomes.

Findings – Through its experiential learning innovations, focus on ethics, and close relationships with a dedicated alumni group, the AIM program prepares students for a successful career in investment analysis. Students who graduate from the AIM program experience a significantly higher successful placement rate and higher compensation at their first post-graduation job than finance major students who graduate outside the program.

Originality/value – This paper provides a detailed description of the distinguishing characteristics of the AIM program and, in doing so, it offers ideas that could be implemented by other SMIPs to improve student satisfaction, proficiency in investment analysis, and employment prospects.

Keywords: Student Managed Investment Programs, SMIP, Student Managed Investment Funds, SMIF, Financial Education, Investment Ethics

Suggested Citation

Arena, Matteo P. and Krause, David, How to Develop Successful and Ethical Investment Analysts: Marquette University’s Applied Investment Management Program (April 1, 2019). Managerial Finance, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3409319 or http://dx.doi.org/10.2139/ssrn.3409319

Matteo P. Arena (Contact Author)

Marquette University ( email )

College of Business Administration
P.O. Box 1881
Milwaukee, WI 53201-1881
United States

David Krause

Marquette University - Department of Finance ( email )

College of Business Administration
P.O. Box 1881
Milwaukee, WI 53201-1881
United States

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