MBA in Investments: Students Manage Investment Funds While Earning CFA Designation


The Applied Security Analysis Program (ASAP) at the University of Wisconsin-Madison School of Business was founded in 1970 by Professor Stephen L. Hawk. Approximately 500 students have graduated from the ASAP. Each graduate enters the investment community with the unique educational experience of learning the investment business through hands-on management of real portfolios. Beginning with $100,000 in 1970, students now manage over $60 million in equities and fixed-income assets. We are proud to be a pioneer among student-managed investment programs and a CFA Program Partner.



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Jeff Diermeier


"Participating in ASAP during a particularly difficult economy challenged me to develop the research and decision-making skills essential to success during the toughest of markets.  I view ASAP as one of the key reasons for my success today."

Jeff Diermeier
ASAP '74
CEO (retired)
CFA Institute
Charlottesville, VA