Nittany Lion Fund seniors all set for jobs post-graduation

UNIVERSITY PARK, Pa. -- Though it is early in the fall semester, all Class of 2014 students involved in the Nittany Lion Fund have already accepted job offers, according to J. Randall Woolridge, professor of finance in the Penn State Smeal College of Business and president of the Nittany Lion Fund LLC.

“This is a huge accomplishment,” said Woolridge, “and it speaks to our consistently high placement history and high quality of graduates.”

The Nittany Lion Fund is a unique opportunity for high-performing students in finance. The student-managed investment fund has more than $5 million in assets and provides Smeal students with the ability to connect to real-world investors without leaving the Business Building. It is one of the few student-managed funds with actual investor money — not endowment dollars.

“Our network on Wall Street includes hundreds of alumni who are willing to assist students in their job search.”

-- J. Randall Woolridge, professor of finance and president of the Nittany Lion Fund

“We have 77 investors, and it really changes the level of accountability,” explained Woolridge. “Having real investors changes the dynamic for the students and gives them a heightened sense of responsibility.”

According to Woolridge, more than 80 percent of Nittany Lion Fund graduates take jobs at Wall Street firms.

“Our network on Wall Street includes hundreds of alumni who are willing to assist students in their job search,” said Woolridge. “And each semester we have an alumni networking event in New York to bring together our alumni and students.”

In addition to networking with alumni, the fund sponsors a trip to Wall Street each semester, and students visit firms like Goldman Sachs, J.P. Morgan, Citigroup and BOA Merrill Lynch.

“J.P. Morgan, Goldman Sachs, Citigroup, Blackrock and BOA Merrill Lynch regularly recruit students at Penn State,” said Woolridge.

The Nittany Lion Fund’s student managers operate out of the Rogers Family Trading Room, a state-of-the-art classroom and laboratory that replicates real-world trading experience. Students in the Trading Room use dataset resources to simulate trading, portfolio management and other finance-related models, and real-time stock tickers and data boards offer important financial information.

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Last Updated October 25, 2013