How to Apply
Participation in Torch requires the permission of faculty serving as Torch Fund program director. The selection process is highly competitive.
If deemed qualified, applicants are contacted to schedule a formal interview.
Applicants must provide:
- Letter of Interest
- Unofficial Transcript
New managers are selected for both fall and spring semesters. All student managers serve two consecutive semesters, and candidates who are selected in a given semester, begin at the start of the next semester. At any point during the semester, undergraduates may apply for a position within Torch to begin their tenure at the start of the subsequent semester. Applying as early as possible is highly recommended to improve the likelihood of receiving an offer to join. Students may apply while still enrolled in prerequisite courses, any offers received are conditional on completing minimum requirements.
The minimum requirements include:
- GPA of 3.0 in all upper-division business courses
- B+ in Foundations of Finance (FINC306/307/308)
- B+ in Financial Statement Analysis (FINC420/428)
Note that these are minimum requirements. Typically GPA and prerequisite course grades are substantially higher for successful applicants.
Students must be majoring in finance, or have finance as their concentration or collateral, with first priority given to finance majors. No prior investment experience is required. Scholarship opportunities associated with Torch (e.g., funding travel or outside training programs) is exclusively available to finance majors.
New managers are selected in August and September each year. Candidates who are selected begin active management on October 1 of their first year through the following September 30. Students are expected to sit in on team meetings as soon as an offer is accepted (i.e., before they are responsible for active management) and to participate in performance reporting and presentations in their fall semester of their second year (i.e., after they are no longer responsible for active management of the portfolio).
Applying as early as possible is highly recommended to improve the likelihood of receiving an offer to join. No prior investment experience is required. In addition to application materials discussed above (i.e., letter of interest, resume and unofficial transcript), a one-page discussion of previous academic and work background is required.
Scholarship opportunities associated with Torch (e.g., funding travel or outside training programs) are exclusively available to MBA students with a finance concentration.