MBA Students Learning From Real-Time Stock Market Lab - WNCN: News, Weather

MBA Students Learning From Real-Time Stock Market Lab

By Sergio Quintana

Hundreds of miles away from Wall Street, in the calm of the Keenan Flagler Business School at UNC Chapel Hill, students are catapaulted daily into of the world of ticker tapes and boiler rooms.

"It's definitely nerve racking," said Martha Everett.

She is a second year Masters of Business Administration student who has benefited both from the reality of the new Capital Markets Lab, and the rocky markets.

"It's kind of an exciting to actually be in school because I think there is so much confusion and apprehension and this is a great opportunity to be learning about it and speaking with professors who are experts in the field," Everett said.

The Keenan Flagler Business School launched of the Capital Markets Lab this semester.

Professors wanted students to have real time experience.

And with all the trouble on Wall Street recently, students have been getting powerful lessons about the financial markets.

There are big boards flashing the latest market numbers, and dozens of dual screen terminals that display specialized information.

Students can tap into the exact same information the professionals use in trading rooms in New York.

And just like on Wall Street lately, the Capital Market Lab's terminals have been blaring some dire data.

"This type of crisis happens perhaps once a generation, and it's very good for it to be happening while students are here," said Alex Arapoglou.

He has spent a career in trading rooms around the world, and last year took on a second career as a professor at UNC.

He says this financial spiral gives students solid experience they can pass on to future clients.

"They can say to that person, ‘look if you do this, it's more risky than that, if you do the following, it's a lot more prudent," Arapoglou said.

And for students who are in their last year, there is an awareness that their job prospects are changing.

"I think it's gonna be much more difficult than it has been for previous MBA classes," Everett said. "But I think for businesses, they're always looking for new talent."

She is staying upbeat, but she's making adjustments.

According to Bloomberg News, about 34,000 jobs have been cut from Wall Street this year.

That's why Everett says she would be comfortable working for a small firm here in the Triangle, in Charlotte or even at home in Philadelphia.

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