South Wales students show Maths in Action in financial skills challenge

​16/04/2014

St Joseph's Winners - (L-R) Cerys Walsh, Rebecca Harper, Bethan Doughty,
Rebecca Jervis, Nimah Bushe

​Pupils from across South Wales schools took part in this year's Stock Market Challenge held at Cardiff School of Management last week.

Year 10 pupils from St Joseph's RC High School in Newport, triumphed with an impressive total of £75,300 in 'shares'.

This Maths in Action project is a STEM initiative funded by HSBC and First Campus, delivered in partnership with publishers 10 Lane Learning and Cardiff Metropolitan University.

The Stock Market Challenge enables students to apply their knowledge of mathematics and business, and helps them to develop their communication, problem-solving, decision making, teambuilding and negotiation skills.

The initiative offers a unique engagement opportunity between schools and companies like HSBC. It aims to help students leave school or college prepared for the world of work with the capabilities and confidence to handle future higher education and career decisions. The initiative also supports the local financial services sector in its need to create a world-class competitive workforce.

The events involved 100 Year 10 and 80 Year 12 students from local schools and colleges, many of whom have used the Global Investor simulations in school in preparation for the events. The schools received the resource free of charge as part of the support from HSBC and First Campus with the aim of leaving a project legacy.

Working in teams, their task was to manage a fund of shares and foreign currency by interpreting information and investing in the markets. The team with the highest total fund at the closing bell of each competition were the winners.

The events were supported by HSBC's staff who participated as 'traders' to recreate a 'real time' trading floor. The company also provided the prizes and, with CMU students and staff, were on hand to provide teachers and students with guidance and information about opportunities in the sector and relevant courses at the university.

Cerys Walsh a member of St Joseph's winning team at the Year 10 event said: "We really enjoyed taking part. It was an exciting day and we enjoyed getting into each of the roles and working as part of a team. It was an intense day but we had so much fun."

Professor David Brooksbank of Cardiff School of Management said: "At Cardiff Metropolitan University we think it is essential that we focus on developing the qualifications and skills of our young people, to ensure the appropriate skills base is in place to take advantage of the job opportunities now and in the future.

"Initiatives such as the Stock Market Challenge provide us with an opportunity to introduce the university to young people whilst also helping our next generation of business leaders to consider a high value qualification in finance, banking or accounting."

Kathryn Maddy, First Campus Manager, said: "Stock Market Challenge allows major employers like HSBC to work with local schools and communities and gives students an insight into the wide range of further and higher education opportunities available as they develop ideas about future careers. Our young people have much to offer, so it is essential that we support the further development of their skills and knowledge."

For further information, please contact:

Please visit the project pages of the Stock Market Challenge and Global Investor websites for more information:

http://www.stockmarketchallenge.co.uk/competition/investment-challenges/south-wales/

http://www.globalinvsims.com/uk/

Participating schools & colleges

Aberdare Girls' School West Monmouth School

Aberdare High School Willows High School

Brynmawr Foundation School Ysgol Gyfun Cwm Rhymni

Cardiff & Vale College Ysgol Gyfun Llanhari

Coleg Gwent Y Pant Comprehensive School

Coleg Y Cymoedd

Croesyceiliog School

Eastern High

Fairwater High School

Glyn Derw High School

Llanishen High School

Mary Immaculate High School

Pen-y-dre High School

St. Illtyd's High School

St. Joseph's RC High School

Tonypandy Community College

Tredegar Comprehensive School

Treorchy Comprehensive School