The VMI Cadet Investment Group (CIG) provides interested cadets experience in security analysis, portfolio management, and business decision making.
The organization consists of two teams each comprised of 15 members and 2 alternates. Each group has a President and Vice President. The members buy and sell equities and manage the portfolios they create in accordance with a set of Bylaws. The teams focus on different types of firms. One team focuses on large-capitalization US stocks while the other team only considers mid/small capitalization US stocks. The Chairman of the CIG presides over the entire group. In 1986, the VMI Foundation provided $200,000 cash to CIG to invest in the stock market. Historically, the portfolio was liquidated in May of each year and the group began each September with $200,000 in cash. Beginning in 2006, the investment rules were amended to allow the continuation of the portfolios during the summer break. As of the end of December 2019, the groups had a combined $310,000 under management, though the group returned $75,000 to the VMI Foundation at the beginning of 2018.
Activities: Regular business meetings are held once a week. All members are required to attend the weekly meetings and other official Investment Group functions. Members of the CIG are eligible to compete for several summer internships with investment firms each year.
- If the group meets certain performance goals associated with effort then group members annually travel to New York City to meet with representatives from a variety of financial firms. This trip also includes a mixer with VMI alumni from the NYC area.
Eligibility: Applicants must be upperclassmen with cumulative GPA's of at least 2.10. Cadets from all majors are eligible. Successful applicants must attend training at the beginning of the school year and successfully complete a test on the material. Resumes and/or interviews may be required.