Pittsburgh CFA Society Recognizes Jay Sukits for His Work with Financial Literacy
Jay Sukits, Clinical Assistant Professor of Business Administration, is the inaugural recipient of the CFA Society Pittsburgh’s Excellence in Financial Literacy Education Award. The award recognizes educators who best demonstrate a commitment to financial literacy education in the spirit and tenants of the CFA designation.
Sukits received the award because of his efforts to expand financial literacy among college students. Three years ago, he created a one-credit Personal Financial Planning course for undergraduates, and as part of the course, students create a personal financial plan to outline their financial goals.
“Financial literacy is of utmost importance to college students, and I am honored that the Pittsburgh CFA Society selected me as the inaugural recipient of the Excellence in Financial Literacy Education Award,” said Sukits. “In collaboration with the CFA Society and Board Member Gene Natali, we’ve developed financial literacy programming aimed at high school and college students. Each year the society holds a personal financial planning competition and they adopted my original format for a financial plan as the submission criteria for students to participate.”
The Collegiate Personal Financial Planning Competition, launched in 2015, is open to students enrolled at two- and four-year academic institutions. The competition has expanded every year, and in 2016, there were nearly 140 entries from nine colleges and universities.
"Jay’s experiences drove these efforts and he is the visionary behind the competition,” said Gene Natali, Senior Vice President at C.S. McKee, L.P., Co-Author, The Missing Semester, and CFA Society Pittsburgh Board Member. “He makes it personal for the students. Many have commented that they are grateful to have had the opportunity to put together a plan that will position them for financial success.”
For the competition, students submit a comprehensive personal financial plan and it is evaluated by the society’s financial literacy committee on the following criteria: completeness, format, creativity, supporting exhibits and use of sources in the financial plan. Monetary prizes are awarded for the top ten plans. In 2016, Pitt students took the top three spots, including Pitt Business students, Joseph Gordon, who took second place, and Benjamin Lacomis, who took third place.
“Jay has long been a proponent of financial literacy, and he has taught numerous students the value of an early start to achieving financial goals. This award validates his efforts to help students understand that the financial decisions they make today will impact their financial goals in the future,” said Arjang A. Assad, Henry E. Haller Jr. Dean of the Joseph M. Katz Graduate School of Business and College of Business Administration.