Manage an $8.2 Million Investment Portfolio Before You Graduate
The Student Managed Investment Fund (SMIF) is one of Tobin's premier experiential learning opportunities for students interested in finance and investment management. Ranked #18 nationally by The Center for Investment Research, SMIF gives students the opportunity to research companies, analyze financial markets, and present investment recommendations that can shape an $8.2 million investment portfolio.
Working with Bloomberg, FactSet, and guidance from faculty and investment professionals, you'll gain hands on investment management experience that prepares you for careers in finance, asset management, equity research, and beyond.
SMIF at a Glance
Ranked among North America’s Top SMIF
By The Center For Investment Research, based on AUM
Undergraduate investment portfolio
Graduate investment portfolio
Why Choose the Student Managed Investment Fund?
Unlike a traditional finance course, SMIF puts you in the role of an investment analyst.
Throughout the semester, you'll research companies, evaluate industries, analyze market conditions, and develop investment recommendations using the same tools and analytical techniques used by investment professionals.
Your recommendations are presented to an Investment Committee made up of Tobin faculty, the University's Treasurer's Office, business executives, and SMIF alumni. If approved, those recommendations are implemented in the portfolio.
This is experiential learning that goes beyond the classroom, giving you practical investment management experience before you graduate.
The Investment Process
How students help manage the portfolio
1. Identify Investment Opportunities
2. Research Companies & Industries
3. Analyze Financials & Market Trends
4. Develop an Investment Thesis
5. Present to the Investment Committee
6. Approved Recommendations Are Added to the Portfolio
Build Skills Employers Value
Graduates leave SMIF with practical experience that prepares them for internships and careers across the financial industry.
- Investment Research: Evaluate companies using financial statements, valuation models, and market data.
- Equity Analysis: Develop investment theses supported by quantitative and qualitative research.
- Professional Presentations: Present recommendations and defend your analysis before an Investment Committee.
- Portfolio Management: Understand how individual investment decisions contribute to a diversified portfolio.
- Industry Technology: Gain hands-on experience using Bloomberg and FactSet, two of the most widely used platforms in finance.
From Classroom to Wall Street
SMIF prepares students for careers in investment banking, asset management, equity research, portfolio management, financial analysis, and corporate finance
A Legacy of Student Investing
Undergraduate Fund established through a $1 million gift from Goldman Sachs executive and St. John's alumnus James P. Riley
Graduate Fund established through a $250,000 gift from Thomas E. McInerney
Students manage nearly $13 million across two nationally recognized portfolios while gaining real world investment management experience
Investing in Future Generations
The impact of the Student Managed Investment Fund reaches far beyond portfolio performance. Investment income generated by the funds helps support student scholarships and the Applied Finance Institute, strengthening experiential learning opportunities for current and future Tobin students.
Explore Student Research
- 3M (PDF)
- 3M Validation (PDF)
- ADP Stock Evaluation (PDF)
- Apple -- buy (PDF)
- Apple -- partial sell
- Boeing (PDF)
- Celgene
- Coca-Cola Company
- Citigroup (PDF)
- Dollar Tree Stores, Inc. (PDF)
- eBay (PDF)
- EMC2
- Emerson
- Forest Labs
- Goldman Sachs (PDF)
- Halliburton (PDF)
- Home Depot (PDF)
- IBM (PDF)
- IHE Healthcare ETF (PDF)
- Impax Laboratories (PDF)
- Infosys Technologies Ltd. (PDF)
- Macerich
- Nabors Industries LTD. (PDF)
- Nike (PDF)
- Nike Validation (PDF)
- Priceline
- PepsiCo (PDF)
- Rio Tinto (PDF)
- RTP (PDF)
- Target (PDF)
- Target Validation (PDF)
- The Mosaic Company (PDF)
- Shake Shack
- United Health Group (PDF)
- United Parcel Service (PDF)
- Walmart (PDF)
- Walt Disney
- Wells Fargo (PDF)
- Amazon
- Amazon (Fall 2011)
- Amazon (Spring 2014)
- America Movil
- CitiGroup
- Electronic Arts
- Appendices
- Exchange-Traded Funds Portfolio Allocation
- Exxon/Mobil
- Exxon/Mobil (Fall 2015)
- FedEx
- Forest Labs
- General Electric
- Harley-Davidson
- IBM
- McDonald's Corp
- Rio Tinto
- Rio Tinto - 2008
- Starbucks
- Tesla
- The TJX Company
- Toyota Motor Corp.
- Treasury Securities
- UnitedHealth Group (Fall 2012)
- UnitedHealth Group (Spring 2015)
- Verizon
How to Apply
Enrollment is competitive, with students selected based on academic performance, analytical ability, and demonstrated interest in finance and investment management.
Application Process
- Submit an Application: Applications are available through the Department of Economics and Finance, the SMIF Faculty Advisor, or the Dean's office.
- Selection Committee Review: Applications are evaluated by the Selection Committee based on the program's admission criteria.
- Admission Decision: Selected students are notified after the review process.
- Register for the Course: Accepted students confirm their participation and register for the course.
For more information, contact:
Mikael Bergbrant, Ph.D.
Associate Professor, Finance
Teaching: Fall Semester
718-990-3018
[email protected]
Andre de Souza, Ph.D.
Associate Professor, Finance
Teaching: Spring Semester
212-284-7023