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Abi Van Nostrand
Tuesday, October 23, 2018 - 10:36am

SaundersEach year the Adirondack Cup Competition, sponsored by Adirondack Research and Management Inc., brings together dozens of schools from the Northeast region of the US to compete against each other. Students create and manage a hypothetical small cap portfolio for six months. At the end the team with the best return wins The Adirondack Cup as well as the chance to present their thesis to the managers of the Adirondack Small Cap Mutual Fund (ADKSK). This competition aims to give real-world experience to finance and economics students interested in breaking into the financial services industry. 

This will be RIT's Financial Management Association's 7th time participating in the contest. The Financial Management Association (FMA) is a student association at RIT. The Association’s mission is to promote financial literacy among students. In addition to competitions, FMA members are responsible for the daily financial management of a $150,000+ investment portfolio.

Alexander Bowen, the president of FMA at RIT noted, "The Adirondack Cup offers students the opportunity to practice the analytical skills they learn in Finance classes in a competitive situation without the risk of actual losses. This makes it a great exercise for our new members to practice and show us that they can make good investment suggestions for our club portfolio."

Student involvement in competitions such as this one is encouraged by Saunders College of Business, as the college has a strong belief in experiential learning. Bowen said, "Prior to my joining FMA last year I had very little experience with investment, then all of a sudden I was one month into the semester choosing how we should invest a hypothetical $200,000 for a six month competition. Being thrown into something like this can be intimidating, but the hours of research I dedicated to my pitch have rewarded me with a deeper understanding of financial analysis that I have been able to apply to my personal investments. " 

This type of experiential learning is further fostered by RIT's robust cooperative education program. The co-op program at RIT is one of the oldest and largest cooperative education programs in North America. To further this commitment to real-world learning, Saunders College also hosts a number of advisory boards to ensure that curriculum is as up-to-date as possible.

RIT's chapter of FMA also participates in the CFA Institute Research Challenge. This challenge asks students to do research and analysis on a publicly traded company, write a research paper, and then make buy, sell, or hold recommendations about the company. CFA is a professional society for investment management professionals focused on fostering ethics and good client relationships. RIT will compete in the 2019 CFA competition this coming Spring. 


This year RIT will compete in the 8th Annual Adirondack Cup against several other schools including Ithaca College, RPI, Clarkson, Bentley University, Wesleyan University, Buffalo State and UAlbany. 

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Saunders College of Business is one of nine colleges at Rochester Institute of Technology and is accredited by the Association to Advance Collegiate Schools of Business International (AACSB). Recognized and ranked internationally, Saunders is home to more than 2,000 undergraduate and graduate students enrolled in programs across RIT Global Campuses in Rochester, New York, Croatia, Dubai, Kosovo and China. Saunders College works in partnership with RIT’s entrepreneurial Venture Creations incubator and top ranked Albert J. Simone Center for Student Innovation and Entrepreneurship to integrate business education with RIT’s world-leading technical and creative programs. With nearly 19,000 alumni worldwide, Saunders College offers undergraduate (BS), Masters (MS), Masters of Business Administration (MBA), and Executive MBA (EMBA) programs where students gain real-world business experiences through a tradition of applied learning, internships and capstone programs.

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