Schools Case Study: Trading Challenge
“On behalf of the employers who have worked on this project, I would like to thank all the pupils for their enthusiasm and hard work throughout the day. We all are passionate about giving something back to help our young people gain new skills and first-hand experience of making investments and how businesses grow.”
Andrew Chatterton, Managing Director, Franklyn Financial Management
This inaugural event was developed via our Enterprise Advisor Network with local employers – Franklyn Financial Management, SAS Daniels, Thrive Creative and East Cheshire Chamber of Commerce.
More than 150 youngsters from 5 secondary schools across Cheshire East took part in a trading challenge that put their financial skills and acumen to the test on a virtual stock exchange, where teams of Year 7 students created investment companies and invested a virtual sum of £10,000 in 25 fictional businesses.
To make the investment decisions more challenging, each team had to respond to events over the day that impacted on the 25 businesses, including natural disasters and various economic crises.
The objectives were to provide young people with an interactive insight into the world of work and test their skills in maths, economics and business in a global context; and to support our secondary schools to achieve the Gatsby Benchmarks – to offer best practice in careers advice, to ensure young people have a good understanding of local career opportunities and are inspired by local employers to find out more.
The winning school was the ‘Prime Investors’ team from Brine Leas Academy, who made more than a 50% profit from their trading. The runner-up was the ‘Global Investments’ team from Shavington Academy.
Post event evaluation carried out by the Inspirational Learning Group, who helped facilitate the event found that participants found it a very positive experience:
- 78% now felt confident tackling a work related challenge
- 74% felt more confident communicating their ideas
- 84% said they now understand more about the skills employers are looking for
- 83% developed their teamwork skills
- 99% rated the event good or excellent.