"You've Invested Real Money. You Haven't Just Run a Virtual Portfolio"

Along Highway 401 and over the Ontario border, Tyler Maxey and some of his MBA classmates at McGill University's Desautels Faculty of Management in Montreal are also learning by doing. Their modus operandi: investing other people's money. Since 2008, students have been running a registered fund management firm called Desautels Capital Management that has about $3 million in assets.

... Of course, even failure can be a real-world learning experience. As McGill professor Ken Lester explains, 45% of the stocks that students buy decrease which is "as good as anybody" could do.

... "It really brings everything we've learned to date to life," says (Janelle) Goulard (BCom'08), a McGill commerce graduate who spent the past five years working at General Electric in the U.S. and U.K. as a healthcare consultant.

Read full article: Financial Post, March 4, 2014