I just got back from a wedding, and so I’m in the mood to celebrate unions of all kind. The new partnership between T. Rowe Price and Towson University may be a bit less romantic than what I witnessed up in New Hampshire, but it’s still an exciting example of how Baltimore’s education and business communities can benefit from one another in unexpected ways.
T. Rowe Price, a Baltimore-based investment firm, is partnering with Towson to create what’s essentially an economists’ version of a chemistry lab. In the T. Rowe Price Finance Lab, students will value and price securities in a simulated, real-time trading environment. Drawing on cutting-edge financial data and technology, the lab will allow students hands-on experience with issues that impact financial institutions, corporate finance, and financial engineering.
“The electronic business and finance laboratory at Towson will be accessible to over 3,000 business undergraduate and graduate students each year,” Ann Allston Boyce, president of the T. Rowe Price Foundation, pointed out. And while not all those students will become traders, playing around in the lab will enhance financial literacy and provide a deeper understanding of complex and dynamic financial markets, the university hopes.
The ribbon-cutting ceremony for the new lab takes place this Thursday (September 6) at 5:30 p.m. in Stephens Hall at Towson University.