The Masters Investment Learning Center (Masters ILC) in the Haslam Business Building was funded entirely through the generosity of private donations. It occupies a very visible, high-profile space in UT's newly renovated business school complex and provides the college with a facility offering real-world market investment experiences through venues such as Bloomberg terminals.
Our mission is to promote and facilitate business education and research through experiential learning. We strive to provide educational opportunities and enrichment activities for our students, faculty, and professional community.
To fulfill our mission, we will provide a state-of-the-art facility which includes cutting-edge technology. We will teach skills and provide education to enhance career opportunities for students and faculty throughout the Knoxville campus. Recognizing that corporate outreach is an extremely valuable part of business education, we will increase interaction between students, faculty, and the business community.
The Masters Investment Learning Center (Masters ILC) offers several prestigious fellowship and scholarship opportunities for students, including the:
Beauchamp E. Brogan Fellowship
Venable Family Investment Fellowship
A. David Martin Investments Fellowship
Phillip Fulmer Masters ILC Scholarship
Larry Carroll Fellowship
These fellowships permit students the opportunity to work part-time in the Masters ILC as Bloomberg Financial Analysts. Fellowships are highly competitive and are awarded on the basis of academic achievement, extra-curricular activities, and community involvement.
Contact Dr. Laura Cole at firstname.lastname@example.org for more information on fellowships and scholarships.
Bloomberg Financial Analysts
Each fall and spring semester, undergraduate students are selected to work part-time in the Masters ILC as Bloomberg Financial Analysts. Each semester, these students assist with teaching Bloomberg software to over 300 students, assisting faculty in various research endeavors, and giving tours of the center to visiting investment professionals. Selection is highly competitive. The position requires a minimum overall GPA of 3.5, completion of FIN 301 (or 307) and FIN 425 courses with an “A”, and a recommendation from a college of business professor. Students must be able to work two consecutive semesters prior to graduation in order to be considered.
Dr. Laura Cole is director of the Masters ILC and hires all analysts. She can be contacted at email@example.com.
Each fall semester, the Finance Executives International (FEI) local Knoxville chapter selects two undergraduate and two graduate students to serve as FEI Interns for the academic year. Internships are awarded on the basis of academic achievement and community involvement. FEI Interns attend the monthly dinner speaker meetings and meet with senior finance and accounting executives, including CFOs and Controllers from Ruby Tuesdays, Regal Entertainment, Mastercraft Boat Co., Jewelry Television, Radio Systems Corp, Kimberly Clark Corp., Alcoa, Bush Brothers & Co., Clayton Bank & Trust, Bank of America, in addition to many other local finance, accounting, and investment firms. The FEI Knoxville chapter also offers an annual scholarship to juniors and seniors in accounting or finance awarded each spring semester.
Dr. Laura Cole is the FEI liaison and she can be contacted at firstname.lastname@example.org.
Providing access to Bloomberg data terminals, the Masters Investments Learning Center facilitates instruction leading to Bloomberg Acknowledgements and certificates. UT students can get acknowledged in equities, fixed income, foreign exchange, or commodities. During training students will have access to real-time and historical information regarding approximately five million financial instruments on the Bloomberg terminals, and can utilize over 10,000 functions to analyze market data.
A Portfolio Management Opportunity for First Year MBA Students
The college's Haslam and LaPorte Torch Fund activities are housed in the Masters Investment Learning Center, giving Torch Fund managers unlimited use of the center's resources. Dr. Deborah Harrell is the faculty advisor, and she can be contacted at email@example.com.
The Tennessee Valley Authority’s Investment Challenge is a unique, innovative partnership between TVA and 25 universities in its service territory that provides a real-world learning experience in portfolio management. Students at UT actively manage a portfolio of common stocks by conducting fundamental investment research on individual businesses and are held to similar guidelines as TVA’s professional money managers. As of August 31, 2013, UT students managed a portfolio of approximately $360,000 on behalf of the Tennessee Valley Authority. The managed funds are a part of TVA’s Asset Retirement Trust Fund, which was established in 1996 to meet the financial obligations of decommissioning the agency’s non-nuclear power units. In addition to real world experience, UT students engage in competition with teams from other participating universities and are competing for prizes awarded by TVA on the basis of performance.
The UT team performed very well in 2013, with a 39+ percentage return, earning a $5,906 prize for the school. UT finished in fourth place for its performance during 2012. Since its inception in 1998, the University of Tennessee has been awarded over $121,000 in prize money, and UT teams have outperformed the S&P 500 for three consecutive years in 2011, 2012, and 2013.
Students are selected for the program in both the spring and fall semesters based upon the applications they submit. In order to apply, students must have completed Finance 301 with a C or better and have a GPA of 3.0 or higher in all upper-division business courses. In addition, students must submit the following.
A letter indicating a desire to participate in the TVA Investment Challenge (Finance 495). The letter should include the student’s current GPA.
A brief one-page discussion of the student’s background and why they should be selected as a portfolio manager.
Though not required, students may also submit a letter of recommendation along with their application. Applications are submitted to the staff in the Masters Investment Learning Center (HBB 201) and are generally due by April 1 during the spring semester and November 1 during the fall semester.
Currently, the faculty advisor is Mr. Darren Williams, UT Lecturer and Vice President and Portfolio Manager at Martin and Company Investment Council. For questions about the program, you can contact Mr. Williams at firstname.lastname@example.org.
The UT Investment Group (UTIG) is an active, student-managed organization that is dedicated to improving its members’ understanding of financial literacy and to helping members develop practical investment skills. The UT Investment Group provides a forum to discuss and learn about investing, and activities include hosting distinguished high-achieving senior investment executives at monthly meetings, where members enjoy catered dinners. UTIG hosts a 10-week trading competition, “Wolf of Vol Street,” where over 100 students compete for cash prizes each semester. Students manage $100,000 mock portfolio and actively trade equities and options and utilize short-selling and various strategies in an effort to earn the highest risk-adjusted return.
The website for UTIG is: http://utig.org
Dr. Laura Cole is the faculty advisor and she can be contacted at email@example.com.
For further information about the Masters ILC, please contact:
Dr. Laura Cole, Director, Masters Investment Learning Center
Office: SMC 435
Knoxville, Tennessee 37996 | 865-974-1000
The flagship campus of the University of Tennessee System