Thousands of teenagers are set to gain business experience through investing on the stock market, it has emerged.
A competition has been launched by ifs School of Finance that will allow teams of four students to invest an imaginary £100,000 in the stock market over three months.
The top 20 performing teams from regions across the UK will compete in a national final set to include a free trip to New York and a prize of £2,000 for their school, the charity revealed.
Set to begin on November 21st, the free-to-enter competition is expected to have about 30,000 student participants, ifs School of Finance head of financial capability Rod McKee said.
"Gaining and developing an interest in business, finance and investments through the ifs Student Investor Challenge is an incredibly useful experience," he added.
Edexcel and ifs School of Finance recently agreed on the provision of personal financial management qualifications within the education body's range of diplomas.
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