New York Institute of Finance
Encyclopedia
The New York Institute of Finance has its headquarters in Midtown Manhattan
, New York City
.
“In 1921 it became evident that, for the sake of the business itself and for the sake of the thousands of young men and women employed by the Exchange and by its member firms, some method should be devised whereby they might learn the fundamentals; the reasons why they did the things which occupied their working days…”
“This was the inspiration behind the establishment of the Stock Exchange Institute. The growth of this Institute has demonstrated that it fills a real need. Through Institute classes and lectures in New York, and through Correspondence Courses available to those at a distance, instruction is furnished in all important phases of the security
business. Through these facilities, any young man or woman may, while working, obtain an education in finance and allied subjects.”
In 1924, 205 graduated from the New York Stock Exchange Institute. The following year, the institute introduced the “Mock Market”, a trading simulation on the floor of the NYSE after hours becoming an integral part of the one-year training program for new employees of the exchange. By 1930 courses of the institute were extended to employees of member firms of the Exchange.
The first record of “The New York Institute of Finance” appears in the minutes of the NYSE Board of Governors meeting, October 8, 1942: “Permission has been granted to the New York Institute of Finance to use the Board of Governors meeting room for a lecture course and a portion of the Exchange Floor, after hours, for drill purposes, in connection with a course in military training which is being organized.” The New York Institute of Finance is headed by Albert P. Squier, who had been Associate Director of the Stock Exchange Institute for many years.
The New York Institute of Finance was sold from the New York Stock Exchange to Prentice-Hall in 1960. Today Pearson owns both the New York Institute of Finance and Prentice-Hall.
In 2000 New York Institute of Finance becomes FT New York Institute of Finance, only to return to the original name in 2002.
Today, Through New York Institute of Finance parent company, Pearson and its subsidiaries, including the Financial Times, it has unrivaled access to the best financial intellectual capital in the world and have trained over 600,000 business professionals. Public courses offer a broad based curriculum covering all levels, in subjects ranging from accounting for financial instruments to yield curve analysis.
New York Institute of Finance works with several associations and organizations to complement their educational programs including:
Past delegates include:
Midtown Manhattan
Midtown Manhattan, or simply Midtown, is an area of Manhattan, New York City home to world-famous commercial zones such as Rockefeller Center, Broadway, and Times Square...
, New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
History
The earliest record available about what came to be known as the New York Institute of Finance is the introduction to a book called “Stock Exchange Procedure” by Birl E. Shultz, PhD. In 1936 he was the dean of the New York Stock Exchange Institute, located at 67 Exchange Place. The introduction to this manual, by NYSE president Charles Gay, documents the beginnings of the Institute. From the introduction:“In 1921 it became evident that, for the sake of the business itself and for the sake of the thousands of young men and women employed by the Exchange and by its member firms, some method should be devised whereby they might learn the fundamentals; the reasons why they did the things which occupied their working days…”
“This was the inspiration behind the establishment of the Stock Exchange Institute. The growth of this Institute has demonstrated that it fills a real need. Through Institute classes and lectures in New York, and through Correspondence Courses available to those at a distance, instruction is furnished in all important phases of the security
Security (finance)
A security is generally a fungible, negotiable financial instrument representing financial value. Securities are broadly categorized into:* debt securities ,* equity securities, e.g., common stocks; and,...
business. Through these facilities, any young man or woman may, while working, obtain an education in finance and allied subjects.”
In 1924, 205 graduated from the New York Stock Exchange Institute. The following year, the institute introduced the “Mock Market”, a trading simulation on the floor of the NYSE after hours becoming an integral part of the one-year training program for new employees of the exchange. By 1930 courses of the institute were extended to employees of member firms of the Exchange.
The first record of “The New York Institute of Finance” appears in the minutes of the NYSE Board of Governors meeting, October 8, 1942: “Permission has been granted to the New York Institute of Finance to use the Board of Governors meeting room for a lecture course and a portion of the Exchange Floor, after hours, for drill purposes, in connection with a course in military training which is being organized.” The New York Institute of Finance is headed by Albert P. Squier, who had been Associate Director of the Stock Exchange Institute for many years.
The New York Institute of Finance was sold from the New York Stock Exchange to Prentice-Hall in 1960. Today Pearson owns both the New York Institute of Finance and Prentice-Hall.
In 2000 New York Institute of Finance becomes FT New York Institute of Finance, only to return to the original name in 2002.
Today, Through New York Institute of Finance parent company, Pearson and its subsidiaries, including the Financial Times, it has unrivaled access to the best financial intellectual capital in the world and have trained over 600,000 business professionals. Public courses offer a broad based curriculum covering all levels, in subjects ranging from accounting for financial instruments to yield curve analysis.
New York Institute of Finance works with several associations and organizations to complement their educational programs including:
- Market Technicians AssociationMarket Technicians AssociationThe Market Technicians Association is a non-profit, global, professional organization of Technical Analysts based out of New York City. The MTA seeks to educate the financial community and public, increase the use of Technical Analysis, and maintain standards of expertise and ethics among...
- Securities Traders Association of New York (STANY)
Past delegates include:
- Warren BuffettWarren BuffettWarren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is...
- Martha StewartMartha StewartMartha Stewart is an American business magnate, author, magazine publisher, and television personality. As founder of Martha Stewart Living Omnimedia, she has gained success through a variety of business ventures, encompassing publishing, broadcasting, and merchandising...
- Gale SayersGale SayersGale Eugene Sayers also known as "The Kansas Comet", is a former professional football player in the National Football League who spent his entire career with the Chicago Bears....