Legacy Magazine 2017-2018
A magazine for parents, students, alumnae, and friends of Marymount School of New York.
A magazine for parents, students, alumnae, and friends of Marymount School of New York.
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Enhancing Financial Literacy<br />
In a world where only 6% of Fortune 500 CEOs<br />
and fewer than 10% of all US fund managers are<br />
female, Marymount seeks to be a leader in financial<br />
literacy and education for young women. This year,<br />
Marymount became the first high school in New<br />
York City – public or private – to offer Bloomberg<br />
Market Concept (BMC) coursework and trading<br />
terminals for our students. The BMC is a robust<br />
e-learning course designed to help students gain<br />
familiarity with key market concepts, financial<br />
language, and Bloomberg terminal functions<br />
that are necessary for jobs in asset management,<br />
trading, equity research, and other financial sectors.<br />
The Bloomberg terminals are powerful tools that<br />
allow students to apply their learning in a “real<br />
world” setting to study market trends and manage<br />
investments.<br />
In its pilot year, students in the Class XII economics<br />
elective will complete the BMC coursework, as<br />
will members of the Business and Finance Club.<br />
Dr. Cornelis, who is spearheading the Bloomberg<br />
initiative, remarks, “The terminals and coursework<br />
give students a unique exposure to and sophisticated<br />
understanding of the world of finance. It gives them<br />
an early advantage to getting internships, which is a<br />
key step on the path towards a career in finance. As<br />
we re-envision our Upper School finance curriculum<br />
going forward, our goal is to give every senior access<br />
to Bloomberg in the coming years.”<br />
In addition to exposing them to possible career paths<br />
in a male-dominated sector, the Bloomberg initiative<br />
also offers students a first step toward financial<br />
power and independence. As Dr. Cornelis explains,<br />
“Empowering women is not just about giving<br />
them the confidence to go into the world and make<br />
change – it’s also about giving them the tools to do<br />
so. Women who possess the knowledge to manage<br />
their finances are better positioned to manage their<br />
futures. They are also better equipped to be agents<br />
of social change as they understand how to acquire<br />
and invest resources to fund the causes they care<br />
about. In combination with Marymount’s focus<br />
on philanthropy and social justice, this financial<br />
literacy program is a game changer.”<br />
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