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Create a New Team (For Students and Teachers)
- First, determine where you could compete and register for that regional competition to learn more about local rules.
- Review the National Guidelines and National College Fed Challenge Rubric and Scoring Sheet (PDF) under "Team Presentations and Scoring."
Create a Club or Organization Using these Five Main Steps:
- Get involved in similar student organizations and see if they have a sub-team of a club dedicated to the Fed Challenge, if so get involved, if not:
- Create a club and team as a separate organization. Sometimes this is housed in a campus's career services, but each school may differ.
- Meet with your Economic Department Director or equivalent for career services and other faculty members to garner support.
- If starting a club from scratch, plan out your mission statement, objectives (see sample objectives below), the structure of the overall club, and the resources needed.
- Use a fillable poster around campus to promote competition participation.
- Once you obtain official approval to be a new organization and possibly secure support from the department for marketing materials, you may:
- go to lectures to pitch the club
- email other organizations to raise awareness
- hand out flyers
- attend the campus career fair
- use personal networks to get students interested
Sample Objectives of a Fed Challenge Team/Club:
- Develop job relevant skills in all Fed Challenge club members
- Make all members (some clubs have about 3-5 "analysts" that support each presentation member) responsible for specific research objectives and require them to present their findings
- Developing research, leadership, time management, and presentation skills
- Get members certified in different statistical and financial software platforms.
- Expose members to different career paths within economics and finance
- Bring in speakers, as possible through:
- PhD students in economics
- Current employees at the Federal Reserve
- Private sector finance professionals
- Attend economic conferences in local area
- Develop, refine, and execute a solid presentation that can be used as a template (year over year) for future generations of the club as a reference.
- Cultivate leaders within the club to develop a pipeline of talent to lead the organization moving forward
- Institute a mentorship program to foster relationships between experienced and less experienced member
August 05, 2019