Introducing The Business & Finance Institute at Monsignor Farrell High School powered by Bloomberg!
Monsignor Farrell High School is launching a comprehensive initiative to bring financial literacy and a broader education in business and financial markets to their students.
A state-of-the-art finance center is being built on campus which will house 12 Bloomberg terminals, the same terminals found on trading desks and research departments of the largest financial institutions in the world. The business and finance center will also house top-of-the-line SMART Boards, a financial library of current periodicals and other business and finance-related literature, and a real-time stock ticker.
“The Business and Finance Institute is an important and innovative investment for the men of Monsignor Farrell,” said alumnus Jim Quinn, who graduated from Monsignor Farrell in 1970. Quinn went on to have a highly successful career in business, retiring as the President of Tiffany & Co. in 2012. “The institute will provide an immersive learning experience that is sure to enhance the future career prospects for the students of Monsignor Farrell,” he added
The Business & Finance Institute will be used to support curriculum courses in financial literacy, accounting, economics, and business, while serving as the launching pad for extra-curricular programs including:
- investment clubs and competitions
- entrepreneurship workshops
- summer business and investment camps
- special programs for local grammar schools and middle schools
- introduction to philanthropy
- Bloomberg certification opportunities for students, alumni, and the broader Monsignor Farrell community
- guest lectures from accomplished business and finance alumni and others
- boundless opportunities!
“I could not be more pleased that Monsignor Farrell High School has embarked upon a business and financial education initiative,” noted Bob Pangia, a 1969 graduate of Monsignor Farrell High School. Pangia, a retired head of Healthcare Investment Banking at PaineWebber /UBS is also a co-founder of Ivy Venture Capital and is a retired Director of Biogen’s Board of Directors. “In addition to providing students with valuable knowledge and insights to real-world financial issues, such a program enables Monsignor Farrell to leverage two significant assets: its proximity to Wall St., the financial capital of the world, and its already robust alumni representation in the financial services industry,” he noted. Pangia went on to describe how he feels the program will benefit the entire student body. “I believe this program will serve the needs of a broad spectrum of students,” he explained, adding “the institute will offer programs for teaching basic life financial skills for dealing with an ever more complex world of financial instruments and institutions. In addition, for those students who may wish to pursue careers in financial services, the program will illuminate the many career paths available through introduction of contemporary subjects in business and finance and through interaction with many of the Farrell men who have come before them and are willing to share their experiences. A win/win situation.”
The Bloomberg-powered Business & Finance Institute at Monsignor Farrell High School is the first of its kind on Staten Island, and one of only two programs of its size in all of New York City!
Through curriculum courses in financial literacy, all students will build a solid foundation of financial responsibility and education through lessons about: savings and investment accounts, budgeting, debt management, philanthropy, and much more. The investment in cutting-edge technology within the Business & Finance Institute will reinforce those lessons and keep students excited about the real-world application of the important life skills they will learn in class.
“Monsignor Farrell High School holds a position on Staten Island as a leader in education,” said Louis R. Tobacco ’90, President of Monsignor Farrell High School. “Over the past several years, we have invested heavily in modern-day tools to provide our students with the skills and knowledge they will need for college and to be productive members of society. The Business and Finance Institute at Monsignor Farrell High School is the next tool that will not only open new career paths for our young men to explore but will enable them to build a sound foundation in financial literacy and the world of business and finance to become strong leaders in their families and communities,” he added.
Larry Unrein, a member of Monsignor Farrell’s Class of 1974, retired as the Global Head of Private Equity at JP Morgan Investment Management, had this to say about his alma mater’s new initiative: “The Business and Finance Institute is a significant evolution in the curriculum of Monsignor Farrell High School. It will be a great resource not just to students who may have an interest in a career in the financial industry, but to all our students in helping to build a sound foundation in financial literacy. The far-reaching benefits of this program extend to aiding the school with networking opportunities to bring alumni into the life of the school and leverage their vast knowledge and talents. These are exciting times to be a student at Monsignor Farrell High School!”
Together we can do great things! Vir Fidelis!