Student Managed Investment Programs: Maximizing Learning Opportunities by Increasing Student Control

Abstract

Student Managed Investment Programs (SMIPs) have been embraced by universities as a powerful learning experience. Although a large number of features have already been implemented by universities, SMIPs have potential for even greater educational benefits. In this paper, we argue students should be given increased control and responsibility for their SMIP to honor the intent of experiential learning and increase the breadth of their educational experience beyond direct money management. Maximizing the educational experience should be the design cornerstone, which can be accomplished through allowing complete student responsibility for the SMIP.