Students at Seton Hall University preparing to work on Wall Street just got a little more room to do so.
Officials at the Stillman School of Business announced Tuesday afternoon that they are adding Bloomberg terminals, expanding their replicated trading room floor and relaunching the program as the Center for Securities Trading and Business Analytics in an effort to better accommodate the needs of students now and in the future.
Located on the fifth floor of Jubilee Hall, this project will expand the trading room area by 50%, resulting in 14 dedicated terminal locations and additional tables for both small group work and instruction. Total room capacity in the new space will accommodate 30 students. In addition, new video monitors will enhance the teaching and learning experience utilizing state-of-the-art technology.
The updates will be ready by the start of the fall semester.
Since 2004, Stillman students have combined classroom concepts with real-world practice, and the innovative financial trading room replicates a Wall Street experience. Students studying in finance classes, participating in the Student-Managed Investment Fund or competing in the CFA Institute Research Challenge have fully leveraged the room and its resident Bloomberg terminals.
Stillman Dean Joyce Strawser said the increased facilities will have impact.
“We are thrilled about this opportunity to significantly enhance the applied learning tools and experiences available to our Stillman students, including expanding the scope of our learning lab to include business analytics,” she said. “I am so grateful to the many dedicated alums whose generosity will make it possible for us to meaningfully enrich our students’ learning and development.”
The Stillman School now enrolls approximately 500 finance majors. In addition, 350-400 students in introductory business courses are assigned to use the Bloomberg terminals for several weeks each semester.
Similar to the major renovation of the University Center and the improvements to Boland Hall, this project aligns with the university’s strategic plan, Harvest Our Treasures, which envisions several capital improvements to enhance the student experience and help drive academic excellence.
The Stillman School has already received several major gifts from alumni and friends to fund the first phase of the expansion and is continuing to seek donations to cover the full expense of the project. Renovations will take place this summer, after which an event will be held in an effort to source the remaining needed funds.
Anthony Loviscek, chair of the Department of Finance, said he is eager to get going.
“The expanded Center for Securities Trading and Business Analytics, with worldwide, rapid-fire data, market-breaking news, financial tools and business analytics, will carry students from the academic world to the business world: education for today and tomorrow,” he said.