Alice Fang, who was elected Vice President (VP) Finance of the Students’ Society of McGill University (SSMU) last semester, left her executive position on Aug. 18. Fang handed in her formal resignation to the Board of Directors on Aug. 7, citing personal reasons unrelated to SSMU. The remaining executives have[Read More…]
Tag: Finance
Modernizing investing: The rise of fintech in business lending
Suppose NeuroConnect, a fictitious company, requested a loan of $300,000 from October, a real financial technology (fintech) lending platform. The loan would be doled out over the course of 36 months to finance the acquisition of lab equipment like an electron microscope and an MRI scanner. October uses an automatic[Read More…]
SSMU student fee investigation reveals lack of due diligence, financial accountability
The Students’ Society of McGill University (SSMU) released a report titled “Investigation into the SSMU’s Student Fee Policies” on Jan. 21, coming after years of student concerns regarding the levying and administration of ancillary fees. The report revealed a lack of financial due diligence and accountability in current practices and[Read More…]
Making sense of McGill’s underfunding crisis
Students come to McGill for many reasons. For domestic students, it is an affordable, high-ranking, historically anglophone university; for international students, McGill’s prestige is comparable to top schools globally. But many students, especially international and out-of-province first years, are surprised to find that McGill’s services and resources are severely[Read More…]
Increased departmental funding discussed at AUS Legislative Council
On Jan. 10, the Arts Undergraduate Society (AUS) Legislative Council held its first meeting of the Winter semester. Council deliberated new ways to allocate the Arts Computer Lab Fund, and to incorporate funds from increased student fees into the Society’s Winter budget. Council conducts straw poll on computer rentals[Read More…]
AUS Legislative Council votes to suspend MESS executive council president
On Oct. 11, the Arts Undergraduate Society (AUS) Legislative Council held its third meeting of the Fall semester, during which councillors spent most of the session debating removing two departmental executives for missing mandatory consent training. Council also approved a new speaker, Husayn Jamal, and passed motions to approve the[Read More…]
Gaining a financial education early is an investment in the future
In the months leading up to their first year, undergraduates will hear several not-so-glorious bits about the ‘glorious’ college years that await them. They’ll learn about the clichéd—yet inevitable—‘Freshman 15,’ they’ll be warned of the self-sabotage that is an 8:30 a.m. lecture, and likely, they’ll be introduced to a persona[Read More…]
SSMU Restructuring: How the addition of VP Operations affected SSMU
Near the end of the 2015-2016 term, the Students’ Society of McGill University (SSMU) Legislative Council amended the SSMU constitution to separate the Vice-President (VP) Finance & Operations portfolio into two new positions starting in 2016-2017: VP Finance and VP Operations, which has been renamed as VP Sustainability & Operations.[Read More…]
SSMU Election 2017: VP Finance
The Students’ Society of McGill University (SSMU) Vice-President (VP) Finance is responsible for developing and managing the annual SSMU budget, authorizing agreements between SSMU and external groups, and overseeing the disbursement of funds to student groups. Arisha Khan is the only candidate for the position. Her platform includes plans to[Read More…]
Exploring the world of math
The fast-paced world of finance has always been filled with big numbers. Astronomical numbers. Mind-bogglingly huge numbers that inspire the question: How does this much money even exist? Investors turned to mathematicians for help answering this question. Thus, quantitative finance was born. Simply, quantitative finance is a math-intensive subfield that[Read More…]
