Austin College molding future business barons - KTEN.com - No One Gets You Closer

Austin College molding future business barons

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Austin College students are making real investments. (KTEN) Austin College students are making real investments. (KTEN)

SHERMAN, Texas -- A course at Austin College gives students the chance to manage an investment fund of more than $1.5 million.

And that's not a simulation.

"You can't mess up, because this is real money," said senior finance major Daniel Crowe. "So we definitely put a lot of time and hours into studying these investments and stocks, and we just want the best thing for our school's portfolio."

The fund started with a $1 million gift from an Austin College alum in 2007. After a decade, it's now valued at $1.5 million.

Investment managing professor Steve Ramsey said there is a bigger purpose behind the portfolio.

"We would be up to $1.8 million, but we have taken about $300,000 to feed into a scholarship fund," he said. "The same gentleman that gave us the million dollars created it, and so we're helping students in need."

Daniel Crowe said the class is helping him with a future career in financial advising.

"Besides penny stocks, I didn't know anything, so I'm really glad I took this class, because it's very educational and I feel like I know what I'm talking about now," he said. 

Former students agree.

"When they come back at homecoming, they tell me that this class has been a great experience," Ramsey said. "They're using it to make good decisions for retirement, or those that have gotten jobs in finance and have done very very well."

Some graduates of the investment class have gone on to work with Chase Bank, the World Bank, and Goldman Sachs.

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