In light of the COVID-19 outbreak and University of Pennsylvania event restrictions, the KWHS Investment Competition Learning Day and Global Finale scheduled for May 8 & 9, 2020, will be conducted virtually. Additional details will be provided to the Global Finalists. We sincerely apologize for any inconvenience this may have caused. We hope you remain safe and healthy, and we look forward to communicating with you about future events soon.

For more information on how the University of Pennsylvania is responding to the COVID-19 outbreak, visit the Penn Coronavirus website.

Welcome to the KWHS Investment Competition, a fun and challenging way to learn about the stock market and investing!

The Knowledge@Wharton High School (KWHS) Investment Competition is a free, global, online investment simulation for high school students (9th to 12th grade) and teachers. Students learn about teamwork, communication, risk, diversification, company and industry analysis and investing.

Teams consist of four to seven students, and classes can enter several competing teams into the competition; student-led investment clubs and home-schooled teams are also encouraged to participate. Each team manages a portfolio of $100,000 in virtual cash over the course of 10 weeks using Wharton’s Online Trading and Investment Simulator (OTIS).


Your team will develop and then implement an investment strategy using the sectors, industries and companies from the competition’s approved stock list. Your team will discuss and create a unique team strategy that serves as your plan of attack for building your client’s wealth. You will then conduct a thorough analysis of potential investments, choose those that align with your strategy and objectives, and detail a proposal that sets up your potential client for long-term investment success. You will be able to put your investment strategy into action by using the OTIS online trading platform (you will be given access in the days leading up to the start of trading). Remember: long-term strategies do not call for heavy buying and selling of stocks and active trading. Previous knowledge of trading and investing is not required to compete in the KWHS Investment Competition. However, we recommend that students spend time and energy using our resources to learn, ideally led by an advisor who can help teach and motivate you.


KWHS creates free resources that help high school students and educators deepen their understanding of business and finance. We want students to have fun, as well as learn the meaning and application of investment concepts, so that they can emerge from this process with more knowledge about the world of investing.

While KWHS provides somewhat of a structure to the competition, advisors are encouraged to use the available guidebook and resources as they wish. Feel free to build the competition out in your classrooms or within your investment clubs any way it meets your needs and objectives. We hope that you will be creative and expand on the resources that KWHS provides. You have access to detailed lesson plans, articles, videos and learning outcomes to support your competition journey.

What Sets the KWHS Investment Competition Apart?

The focus of this competition is education. Winners are selected on the strength and articulation of their team investment strategies and overall competition experience, not on the growth of their portfolios, which is a key differentiator between this investment challenge and others. The KWHS Investment Competition is also a global experience, so far engaging high school students in more than 30 countries around the world.

Deliverables and Judging

Student competitors are required to submit a brief mid-project team review and a more comprehensive final written investment strategy and competition experience overview.

KWHS judges review the final documents and select a group of 10-12 top teams. Top teams are invited to present their strategies during a regional finale to a panel of expert judges, who then select the top analyst teams. The winners of each regional round are invited to compete in a global finale at Wharton in Philadelphia, Pennsylvania, U.S.

Knowledge@Wharton High School Investment Competitions