Joe Verboys and Tom Andruszko may still be college students, but they realize the importance of financial knowledge and wanted to share investing tips and tools with their fellow students. In January, the duo launched the Neumann University Finance/Investment Club with the support of club co-advisors Dr. Jeff Graber and Dr. James Wilkinson.
Verboys and Andruszko, both senior Business Administration majors with Finance and Accounting minors, established the club to give students knowledge about the stock market, market techniques, building and maintaining wealth, and to host speakers who work in the financial field. Verboys is the president of the club, and Andruszko is the vice-president.
“Joe Verboys and Tom Andruszko took the initiative to start the Finance and Investment Club. They are terrific students and exemplify leadership qualities that will serve them well in the business world,” said Graber.
According to Graber, the club offers students the opportunity to learn about finance and investment topics that can help them in their personal lives. They also have opportunities to see and listen to guest speakers and network with other students in the club. This allows students to gain internships and possible jobs upon graduation.
“We have a couple of goals. One is to get knowledge about simple investing and general financial knowledge to everyone. We use a stock simulator that helps students make their own portfolio,” Verboys noted.
The stock simulator allows the students to create a portfolio of their own. During the meeting, the students explain their rationale for choosing specific stocks to add to their portfolios.
Mostly business majors attend the club’s meeting, but it is open to all students, and some nursing, physical therapy, and cybersecurity majors have joined.
“We’ve had a lot of underclassmen. “It’s very rewarding teaching underclassmen because I wish I would have known some of this stuff when I was an underclassman,” said Andruszko, who already has a job with J. P. Morgan, which he will start in July.
Verboys is hoping to land a position on Wall Street. “That’s my goal. It’s hard to get your foot in the door, but hopefully,” he said.
The Finance/Investment Club meets every other week at 5:30 p.m. on Wednesdays in RAB 334. The next meeting is on April 6.