A team of four students from the borough have finished in third place in the 2014 ifs Student Investor Challenge.
The Whitley Bay High School ‘Investors’ team narrowly missed out on an all expenses paid educational trip to New York in a tense final, where they delivered a presentation on whether auto-enrolment is the answer to Britain’s pension needs, and took part in a simulated trading game.
Competing against seven other teams in the national final, the team, consisting of students Alex Richards, Dan Heap, James McIntyre and Karl Longridge, have now won £1,000 for their school and £100 each for themselves.
The free to enter competition, run by ifs University College and supported by Bloomberg, provides teams with £100,000 of virtual money to buy and sell shares in FTSE 100 and small cap companies.
Ben Cox, the team’s teacher at Whitley Bay High School, said: “The students were absolutely brilliant throughout the competition and we are really proud of what they achieved.
“As a team they showed great financial knowledge and made some important decisions under pressure.
“It has been a fantastic experience.”