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Wall Street On Campus: Macklin Foundation Donation Will Launch New Finance Lab At Montgomery College

Montgomery College Macklin Business Institute (MBI) students will soon have access to an educational finance lab designed to give them the real-world, real-time experience employers are seeking in today’s competitive job market. Students will utilize financial software used in investment banks, brokerage houses, and hedge funds on Wall Street. This extraordinary opportunity for students in a community college setting is made possible through a $1.22 million donation from the Macklin Foundation.

Don Dawn (center) talking to MBI students about the new Macklin Finance Lab

The Gordon and Marilyn Macklin Business Institute Finance Lab will be located on Montgomery College’s Rockville Campus. Gordon Macklin was the founder and CEO of NASDAQ. Both he and his wife were instrumental in establishing the MBI program at MC in 1999.

Montgomery College will be the only two-year institution in Maryland that offers this level of economic and financial education with the addition of the new Macklin Finance Lab.

“We are proud to partner once again with Montgomery College to further enhance the experiential learning opportunities for MBI students,” said Don Dawn, president of the Macklin Foundation and nephew of the late Gordon Macklin. “While finance labs are exceedingly common at four-year universities, they are almost nonexistent up to this point at the community college level.”

Students will also spend time in the lab, located in the Macklin Tower Building, learning how to research and analyze extensive data for use in accounting, economics, and/or other business-related coursework.

Montgomery College will be the only two-year institution in Maryland that offers this level of economic and financial education with the addition of the new Macklin Finance Lab.

“Not only do we get to experience realistic applications of our studies, but the finance lab also demands leadership skills and teamwork,” said Michael Whiteman a first-year MBI Student. “Furthermore, we can earn badges that appear on our LinkedIn profiles, showing employers that we are what they are looking for in their company.”

“As an MBI student, I love that the new finance lab provides the opportunity to not only earn credentials for potential jobs, but to also provide us with the same experience that four-year university business students are able to get,” said Enid Diaz, a second-year MBI student. “This is a great opportunity that most community college students don’t get.”

Draft rendering of new Macklin Finance Lab

The Gordon and Marilyn Macklin Business Institute at Montgomery College provides innovative, high-quality business educational opportunities to the residents of Montgomery County. The focused programs in the institute are designed to provide students with the education needed in the world of business today.

“Gordon and Marilyn would be very proud to see how MBI has continued to improve student business readiness by the incorporation of key technology into its experiential learning curriculum,” Dawn said.

The lab will most likely open sometime during the fall of 2020. MBI Director Stephen Lang estimates the lab will benefit thousands of students, as MBI students will have access to it through seminars, simulation experiences, and training. Faculty will also be able to request access for their classes and use the space, as will clubs or student organizations. “The goal will be to expose as many stakeholders as possible while achieving high utilization of the lab,” Lang said.

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