Madras student investors reach financial final

Madras College investment team, from left, Sandra Smith of Madras College, Steven Morrison of BNP Paribas;and  Madras College pupils Lewis Melville, Josh Hogg and Ellen Finlayson.

Madras College investment team, from left, Sandra Smith of Madras College, Steven Morrison of BNP Paribas;and Madras College pupils Lewis Melville, Josh Hogg and Ellen Finlayson.

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A Madras College team has reached the final of a competition giving pupils the chance to hone their financial skills.

But the team was pipped at the post by Glenrothes High School in the final of the Investment Challenge.

Lewis Melville, Josh Hogg and Ellen Finlayson defeated hundreds of S5 students from across Dundee, Fife, Angus, and Perth and Kinross to reach the final by increasing the value of a virtual investment fund, buying and selling shares and commodities and carrying out their own research to make investment decisions while also reacting to incoming news stories.

Despite finishing as runners-up on the day, Sandra Smith, business studies teacher at Madras, said: “The kids stated the day had been great fun and a very good experience which had boosted their understanding of financial services.

“The skills and knowledge gained are invaluable and can be added to future job applications and Ucas personal statements.”

Ian Hanson, key sector manager for financial and business services at Skills Development Scotland (SDS), said: “The challenge gives senior school pupils the chance to gain an insight into the opportunities available in the financial services sector, from the range of careers on offer to the breadth of skills involved.

“It forms part of SDS’s Skills Investment Plan for the sector, which has a series of objectives including attracting fresh young talent.”

The competition drew on pupils’ knowledge of maths, business and economics to develop a series of skills.