The mutual investment club of Cornell, commonly known as MICC, is one of the most popular student organizations at Cornell University. As an entirely student-run investment fund, MICC provides hands-on experience in stock analysis, portfolio management, and value investing to hundreds of Cornell students every year. With strong alumni connections to Wall Street and impressive historical returns, MICC has become a highly sought-after extracurricular activity that trains some of the sharpest young investing talents in the industry.
Overview and History of the Mutual Investment Club of Cornell
The Mutual Investment Club of Cornell, or MICC, was established in 1994 by a group of Cornell students interested in learning about equity analysis and portfolio management. Over the past 25+ years, MICC has become one of the largest and most successful student-run investment funds in the country, managing an equity portfolio of over $3 million derived entirely from membership dues. Through weekly meetings, stock pitches, and guest lectures from industry professionals, MICC provides its members with practical training and experiences that fully prepare them for investing careers at top firms and hedge funds. Many club alumni have gone on to work as analysts at Blackstone, Bridgewater, Citadel, Point72, and Two Sigma, with the valuable skills and knowledge gained at MICC giving them an edge.
Club Operations and Stock Analysis Process
The Mutual Investment Club of Cornell manages its portfolio through detailed financial modeling and valuation analysis done entirely by students. The club comprises several sector teams made up of 3-5 students focusing on industries like technology, healthcare, consumer, industrials, and commodities. Each team performs in-depth analysis into stocks using DCF modeling, comps analysis, evaluations of management & strategy, and assessment of market conditions. Teams pitch their best ideas through 30-minute presentations at weekly meetings, with buy/sell decisions made through subsequent majority votes from the club’s members. This rigorous stock picking process has helped MICC consistently beat market benchmarks. Members further develop hands-on experience in trading, portfolio construction, risk management, and performance evaluation – making MICC an invaluable training ground for budding investors.
Impressive Returns and Strong Wall Street Connections
In its 25+ year history, the mutual investment club of Cornell has delivered exceptional returns that have consistently beat the S&P 500 benchmark on a risk-adjusted basis. Through multiple market cycles, prudent position-sizing, and identification of winning stocks, MICC has managed to double its members’ invested capital about every 4 years. These standout returns, coupled with MICC’s strong connections to club alumni in leadership positions on Wall Street, makes the club a huge draw for Cornell students interested in investing and finance careers. Many members leverage the MICC experience and alumni network to land highly-coveted jobs right out of college. The rigorous experience also helps older members successfully transition into investing roles through MBA programs and beyond. Undoubtedly, MICC has become an invaluable credential for entering the asset management industry.
In conclusion, the mutual investment club of Cornell is one of the most distinguished and productive student investment organizations in the country. Through detailed financial analysis training and portfolio management experience, MICC gives Cornell students an enormous leg-up for careers in asset management and investments. Impressive historical returns and deep connections with industry leaders further add to the club’s prestige and value.