Majedie Asset Management, the specialist active equity investor, has launched the second edition of its ‘Next Generation Investor’ competition, which aims to introduce the asset management industry as an attractive career choice for female students.
Majedie will provide the competing teams with in-depth training on stock selection, portfolio construction, financial modelling and ESG integration, as well as ongoing mentoring by its award-winning fund managers throughout the period. The notional profits, of up to £5,000, earned during the competition by each team will be matched in real money by Majedie and donated to the respective UK registered charity of their choice. The team with the best investment performance over the period will receive an additional £5,000 donation to be made to their chosen UK registered charity.
Majedie created this university outreach programme as a way to address the industry-wide challenge of encouraging undergraduate women to see the investment world as welcoming and attractive career choice. Competition details were submitted to 112 universities in early September. The deadline for submission is 31 October 2020.
This initiative forms part of Majedie’s broader Diversity & Inclusion efforts, which includes supporting Investment20/20 and the Diversity Project Charity, a grant giving organisation supporting charities with social mobility, diversity and inclusivity aims.
Rhiannon Collis, Majedie’s Head of Clients said:
“The encouraging response we have had so far to this second edition of our ‘Next Generation Investor’ competition speaks to the number of young women interested in investing. As asset managers we have a crucial role to play in nurturing this interest and Majedie will do so by sharing on the ground, real-life insights into our industry. We hope that by showing female students what happens behind our front door, we can open doors for their future career plans.”
Who is eligible to apply?
The competition is open to women undergraduates from any faculty or course at any UK university. In summary:
• Teams should comprise between two and four women undergraduates
• No prior experience in investing is expected or required, but a demonstrable interest and passion for learning the ropes is!
• Multiple teams per University can apply, but each individual is limited to applying in one team only.
How to apply?
Please form a team of between two and four women, choose a team name, and then answer four questions:
- What three questions would you ask the CEO of Apple, and why?
- With an increasing proportion of Millennials and Generation Z entering the workforce, what changes do you think this will have on the investment industry?
- What do you believe is the single most important attribute / quality / skill in fund management and why?
- With the low proportion of women currently in fund management, what can the industry do better to attract women in the future?
In the application, profiles of each team member are requested, limited to half an A4 page per person. Teams are also being asked to indicate their chosen UK registered charity. Applicants should submit their application to NextGenerationInvestor@majedie.com by midnight on 31 October 2020.
Majedie will then draw up a shortlist of teams and arrange interviews. Majedie intends to announce the participating teams by 31 December 2020. This competition edition will run from 1 January to 30 June 2021.
The teams will be selected solely on the basis of merit and potential. Any connections with Majedie must be disclosed. Majedie decisions are final. Terms and Conditions apply.
– Ends –