Team Challenge 2018: A Recap Told Through Social Media

On Saturday, March 10th, the floor of Navy Pier’s Aon Grand Ballroom transformed into a trading floor, where over 400 students, teachers, and coaches participated in Magnetar Academy’s sixth annual Team Challenge! Every year, schools from all over Chicago send teams to compete in the mock stock trading challenge to experience a real trading environment. The top three teams earn up to $5000 in grants for their school!
To start the day, Chicago’s Treasurer Kurt Summers wished the students good luck on Twitter, noting the inspiring way Academy students are taking charge of their financial education.

Magnetar Capital’s CEO opened the show with a welcoming speech, highlighting that this year’s challenge included 48 teams from 34 schools. We were excited to hear that 14 different high schools sent multiple teams!

Chicago professionals joined each team to provide financial advice and help them flesh out their portfolios at the start of the day.

For Round One, teachers and coaches stayed on the floor with their teams, providing real-time guidance and suggestions.

After the first round, Magnetar Academy alumni Blossom Mojekwu and Nate Medow each contributed their knowledge and experience in a short speech to the students.

We then welcomed our keynote speaker Ron Liber, author of the “Your Money” column in The New York Times, who talked about the tremendous financial decision of what to pay for college. A Q&A session followed, where students learned more about key issues surrounding student debt and how to weigh options for which college to choose.

Round two kicked off shortly after, with students left to make decisions for themselves. The tension escalated with each trading period ending faster as the round progressed.

After the final bell, we welcomed our Team Challenge winners to the stage: third place from Lincoln Park High School, second place from Deerfield High School, and first place from Northside College Prep. We also congratulated Whitney M. Young High School’s team for winning the financial literacy quiz!

Although only four teams earned a grant for their school, each student gained invaluable financial knowledge and experience, and we think anyone taking the initiative to achieve financial literacy is a winner.

Huge thanks to all the dedicated professionals who volunteered to coach a team during this year’s challenge! We couldn’t do it without your support, and we’re already counting down to next year! In the meantime, feel free to send us your favorite snaps, memories, quotes, etc.!