Are You Interested in Finance? Learn More About the Xaverian Capital Society
/The Xaverian Capital Society is an up-and-coming investment fund completely managed by 26 StFX students. With student efforts from Stu Tabor, Thomas Ciha, and Cameron Chubb, the society was able to secure a percentage of the school’s endowment fund and officially launch five years ago with $500,000. At present, they have grown their total Assets Under Management, or AUM, to $800,000 and surpassed their benchmark. Through stock growth, the Xaverian Capital’s first goal is to create a constant flow of money in order to support their endowment fund and bring the community closer to academic scholarships, bursaries and student aid. Within their work, students gain access to windows of opportunities and pathways to success. Their second goal calls for helping students develop central skills in money management through presentations, building a stock pitch, financial modelling, and much more.
I was pleased to interview Ella Smith and Liam McCullagh, analysts on the team. “It’s competitive in Ontario,” Liam says. And so, the skills brought by the society provide a way for students to combat the market and build experience. “It’s the whole point of experiential learning,” he continues.
So, how does someone get started? For any interested students, applications open in March with a two-step process. The first involves a cover letter, a resume and a stock pitch. Next, an interview with the presidents. Undergraduates from any year can begin with a copy of the Xaverian Capital stocks and from there, start managing money. All news and updates are involved with a simulation portfolio. Along the way, students learn their needed skills and transfer over to the board. Additionally, an online summer program further allows for guidance through finance basics and technical backgrounds and covers what a financial head needs to know.
This group of students hone financial competence by actively building connections and meeting guest speakers and others in the field. Smith and McCullagh talk about the society’s activities in recent years, notably, a trip to Toronto with students. “One of our firms was Scotiabank (set up by an alumni) and gathered three different teams for a two-hour session with us. [...] Coming out of university, you would end up going to this one management training program.” Further connections include an individual from PEI who went to Dell and his managing director. Overall, the Xaverian Capital society fosters many opportunities for face-to-face meetings with professionals and even future employers.
The Xaverian Capital is a great place to hone financial skills, as well as meet others with common interests in finance and the stock market. These motivated students certainly show promise and invite others with keen interests in investing or finance. “Perspectives from a range of majors yields diverse perspectives,” Ella adds. “[Such diverse] people are a plus and add a lot of different skills that we may not have.” All are invited to join and are guaranteed a place to learn for those open to the many resources. From skill workshops, market simulations, working with the market itself, or meeting with professionals, the Xaverian Capital society lets you invest in yourself to build skills to take into the future.