IFSA Network
The IFSA Network, formerly known as the International Finance Students Association,[1] is a global non-profit organization exclusively run by students. Based initially at the Rotterdam School of Management and founded in 2014, the network has since proliferated across continents, impacting students from diverse academic backgrounds including finance, economics, management, and engineering. Committed to being more than just a traditional student association, IFSA aims to serve as a conduit between the academic and professional worlds of finance. Through an extensive range of activities such as lectures, workshops, and competitions, the network equips students with the skills and knowledge they need to transition seamlessly into professional roles in the financial sector. With its ever-expanding global network, IFSA remains steadfast in its mission to connect aspiring professionals with industry leaders, thereby serving as a springboard for emerging talent in the dynamic world of finance.
History
The International Finance Student Association (IFSA Network) traces its roots back to 2014 in Rotterdam,[2] specifically at the Rotterdam School of Management. The initial purpose of the network was to create a community for individuals studying Finance, fostering connections both amongst themselves and with established figures in the financial sector.
Driven by its mission and the immediate benefits it provided to students, the IFSA Network began to rapidly expand. Initially spreading across Europe and Asia, it soon ventured into new territories, launching chapters in South Africa and subsequently making its mark in the Americas. Over time, the network evolved, offering a diverse range of activities and opportunities, but its foundational goal of connecting finance students and industry professionals has always remained at its core.
Mission
The mission of the IFSA Network is to empower and guide students from diverse fields such as finance, economics, management, and engineering, as they transition into the professional realm of finance. By offering a wide array of educational and career-focused activities, including lectures, workshops, and competitions, IFSA aims to bridge the gap between academia and industry. Through the creation of a vibrant, international network of like-minded individuals and established professionals, IFSA is committed to nurturing the next generation of financial leaders and experts.
Our mission is to connect, educate and empower the financial leaders of tomorrow.[3]
Structure
Chapters
The IFSA Network operates under a decentralized yet cohesive organizational structure[4] designed to balance local autonomy with global coordination. Situated in educational institutions across the world, the individual chapters serve as semi-independent units,[5] each governed by their own board comprising at least a Chairman, Vice-Chairman, Treasurer, and General Secretary.[6] These boards manage day-to-day operations and supervise regional activities[7] tailored to meet the specific needs and interests of their local student bodies. Chapters also usually have specialized departments, such as Finance, Marketing, and Events, each headed by a department manager who oversees a team of analysts.
Despite their autonomy, these chapters are aligned with the overarching goals and mission of the IFSA Network.[8] They engage in designing and executing a diverse array of events, workshops, and projects that provide their members with exceptional opportunities in the finance field. The Chairmen of these chapters often connect to establish international strategies and to maintain an overview of national operations. This network aims to build a comprehensive, interconnected web that enables finance students worldwide to interact, communicate, and benefit from collective resources and opportunities. In this way, the IFSA Network creates synergy between its chapters to maximize the value it offers to its members.
The Supervisory Board
To ensure that all chapters work in harmony and to maximize the overall impact, a supervisory board oversees the network. This board does not interfere in the day-to-day activities of individual chapters but provides strategic direction, facilitates resource sharing, and coordinates efforts on larger projects or international competitions. Through this structure, the IFSA Network manages to both honour the independence of its chapters and synchronize activities for the achievement of collective goals.
Supervisory Board Members
Tenure | Chairperson | Vice-Chairman | Head of EMEA | Head of APAC | Head of LATAM |
---|---|---|---|---|---|
2023-2024 | Ritien Mohan (IFSA BITS Pilani) | Nathanaël G. Dürst (IFSA Geneva) | Ridhima Shrivastava (IFSA Rotterdam) | Parinnay Chaudhry (IFSA SSCBS) | Francisco Gajardo (IFSA UDP) |
2022-2023 | Nele Bredtmann (IFSA Rotterdam) | Santiago Delgadillo Gómez (IFSA Colombia) | Nathanaël G. Dürst (IFSA Geneva) | Shrusti Singh (IFSA Hansraj) | Ignacio Pinto (IFSA UdeSA) |
2021-2022 | Ornella Gallo (IFSA UCEMA) | N/A | Iulia Rumeus (IFSA Geneva) / Janusz Skipiol (IFSA Rotterdam) | Sandesh Dholakia (IFSA Hansraj) / Aditya Mahajan (IFSA SSCBS) | Pablo Torres Alarcón (IFSA Colombia) |
Key Initiatives
Traders' Cup
The IFSA Trader’s Cup is the world’s largest student run trading challenge.[9] All people studying in a recognised university are free to participate. The competition relies on securities trading, and aims to give students an opportunity to distinguish themselves from the competition. The competition is held once per academic year, starting in spring of 2016. For the second edition of the competition, students from more than 35 universities, located in 28 countries on 6 continents competed.
Global Case Competition at Harvard
The Global Case Competition at Harvard[10] is the world’s most prestigious case competition organized by students.[11] During the first edition, a team from HEC Paris,[12] a leading French university, won the challenge.[13] The second edition was won by the London Business School.[14]
IFSA Talks
IFSA Talks are a signature initiative of the IFSA Network designed to foster knowledge sharing, industry insight, and community engagement. These talks feature industry leaders, academics, and financial experts who share their wisdom and experience on various topics related to finance, economics, management, and engineering. While some of these talks are open to the general public, allowing a broader audience to benefit from the insights offered, others are exclusively reserved for members of the IFSA Network. These members-only events are organized by individual chapters but are made accessible to the entire network, encouraging a unified community and facilitating the exchange of ideas across geographical boundaries. The aim is to provide an enriching experience that supports the professional and academic development of all IFSA members.
Local Venues
The various IFSA Network chapters try to offer their communities various local events to connect with the professional world.[15] Often, an industry professional will come to the IFSA Network events and meet students. The purpose of those venues is to give students a taste of the professional world, share tips and knowledge, and give an opportunity to network.
Boston Consulting Group Case Competition
In 2018, the IFSA Network in cooperation with the Boston Consulting Group and InvestSoc, organised the first, three-week long International Cape Town Case Competition. The competition has a unique format where teams consisting of 2 to 4 participants, propose solutions for crises that are presented to them. In their solutions, participants are able to showcase their knowledge, creativity and problem-solving skills on a current macroeconomic issue. A jury picks the 15 best international teams and the best local teams, from Cape Town. The selected teams arrive in Cape Town, South Africa, to participate in the second round, and present in front of a select panel. The winning team is awarded a cash prize of 5000 South African Rand.
Current Chapters
With a growing network that spans across EMEA, LATAM, and APAC, the IFSA Network is continually expanding its reach to more universities and countries. It has established chapters in the Netherlands, Switzerland, Russia, Colombia, Argentina, Chile, and India among other locations. These chapters focus on providing localized resources, events, workshops, and competitions aimed at career development and knowledge acquisition in finance. As of 2023, The IFSA Network has the following chapters:[16]
Chapters as of 2021
South Africa
University of Cape Town
India
Lady Shri Ram College for Women, Delhi
Shaheed Sukhdev College of Business Studies, Delhi
Birla Institute of Technology & Science, Pilani
St Stephen's College, Delhi
Indian Institute of Management, Kozhikode
Hansraj College, Delhi
Germany
Catholic University of Eichstätt-Ingolstadt
Goethe University
Ludwig Maximilian University
Technical University
Lithuania
Vilnius University
Russia
New Economic School[17]
Netherlands
Rotterdam School of Management
Argentina
Universidad del CEMA Universidad de San Andrés
Brazil
Federal University of Rio de Janeiro
Colombia
Pontificia Universidad Javeriana
Universidad Jorge Tadeo Lozano
Universidad EAFIT
United States
Harvard University
Columbia University
References
- "IFSA Network Website". IFSA Network. WordPress. Retrieved 4 November 2018.
- "IFSA Network: Letter to Stakeholders". IFSA Network: Letter to Stakeholders. WordPress. Retrieved 4 November 2018.
- "International Finance Student Association". IFSA Network. Retrieved 2023-08-29.
- "IFSA Network: Who Are We". IFSA Network: Who Are We. WordPress. Retrieved 4 November 2018.
- "Our Chapters Globally". IFSA Network. Retrieved 2023-08-29.
- "About us". IFSA Geneva. Retrieved 2023-08-29.
- "About us". IFSA Geneva. Retrieved 2023-08-29.
- "The International Finance Association". IFSA Geneva. Retrieved 2023-08-29.
- "IFSA Traders' Cup". IFSA Network. WordPress. Retrieved 4 November 2018.
- "Global Case Competition Harvard". University of Minnesota Crookston. University of Minnesota Crookston. Retrieved 4 November 2018.
- "IFSA Harvard Case Competition". IFSA Harvard Case Competition. Harvard Case Competition. Retrieved 4 November 2018.
- "HEC Paris". HEC Paris. HEC Paris. Retrieved 15 November 2018.
- "HEC Paris wins Global Case Competitions". HEC Paris. HEC Paris. Retrieved 15 November 2018.
- "MiF Students from LBS Win Harvard Global Case Competition". ONE YEAR MBA. ONE YEAR MBA. Retrieved 15 November 2018.
- "Geneva students are hungry and getting prepared to face the challenges !". NOTZ STUCKI. NOTZ STUCKI. Retrieved 15 November 2018.
- "IFSA Network New Website". IFSA Network. WordPress. Retrieved 3 June 2023.
- "IFSA Network: New Economic School". NES Suits and Securities. NES Suits and Securities. Retrieved 4 November 2018.
- "IFSA Network: University of Geneva". AFU. L’Association Faîtière de l’Université de Genève (AFU). Retrieved 4 November 2018.