Introducing the Next Generation of VE at the 2019 National Teachers Conference

By July 15, 2019 News
2019 National Teachers Conference Group Photo

Every school year starts in the summer and every VE transformation starts with the teacher. During the week of July 8, 2019, new and veteran facilitators from all over the U.S. gathered together for the annual National Teachers Conference, the biggest VE professional development event of the year. This year’s conference was sponsored by Deloitte and hosted by LIU Post.

Introducing the Next Generation of VE

This was a special year for the National Teachers Conference, as participants got a first look at the next generation of VE, including The VE Hub, new curriculum and VE-LMS, new engagement and assessment tools, and the new Opportunity Fund.

The VE Hub

The VE Hub is the new online home for program participants to easily access all things VE including a teacher admin tool, curriculum, competitions manager, and marketplace tools (US Network Bank, Store Manager, Firm Directory, VE Stock Market, and more).

VE Curriculum Updates and VE-LMS

The VE task-based curriculum is an applied-learning, project-based document that reflects the action-learning approach and the activities found in the workplace. The curriculum content identifies the tasks that are necessary to establish and run a company. All tasks and activities are supported by numerous resources (banking system, activity map, VE marketplace, online tools, readings, video, models, rubrics) and are delivered through VE’s Learning Management System (LMS).

New Formative Assessment Tools to Evaluate Student Progress

Conference participants were introduced to 2gno.me, an assessment tool aligned with VE’s Career Readiness Framework. The goals of this formative assessment are to help students to develop greater self-awareness to career readiness skills and knowledge they gain in VE, and to provide them with resources they can use to strengthen their targeted growth areas

Opportunity Fund

Piloted last year, the Opportunity Fund offers support for schools and students to offset program fees and/or travel expenses to events. This fund is reserved for schools with 50%+ Free or Reduced Lunch. Interested schools can contact their Regional Director for more details.

Watch the video below to see how C.S. Brown STEM High School Students participated in the 2019 Youth Business Summit thanks to the HSBC Opportunity Fund.

Nick Chapman, President, VE, happily sharing program insights with returning facilitators

State of the Simulation: Program Insights from 2018-19

2018-19 VE Marketplace

  • 600 firms
  • 15,000 students
  • 270,652 transactions
  • $525,106,867 in total volume

2018-19 VE Top 50

The VE Top 50 is a composite method to identify the top firms in the VE program by measuring engagement and achievement of targeted initiatives throughout the year. The top firms did the following better than others:

  • Paid rent, utilities, and other expenses
  • Paid payroll to employees regularly (97%)
  • Participated in online competitions
  • Students made purchases from other firms (100%)
  • Submitted a business plan (96.5%)

New Facilitators Welcomed to VE

The National Teachers Conference is an important first step in joining the VE world, learning about facilitating a VE classroom, and connecting with teacher-peers from around the U.S. Listed below are the sessions new facilitators attended to help them start strong in the new school year.

  • VE Orientation & Resource Review
  • Timeline & Student Orientation
  • Interview Process, Design Thinking, & Business Ideation
  • Business Plan Basics Part 1: Resources & Financial Intro
  • Firm Setup, Day-to-Day Financials & Taxes, the VE Bank, & Capital Needs
  • Real Money to Support Your Class, Introduction to Personal Finance & Market Systems
  • VE Curriculum & VE-LMS How-To’s
  • Business Plan Basics Part 2 (Financials), Annual Report, Grading, and More

Industry Partners Helped Teachers Prepare for the Future: Deloitte, Intuit, Classroom Mentors

Angela Cherry from Deloitte sharing The Future of Work insights with facilitators

Deloitte: Angela Cherry, Risk & Financial Advisory Campus Recruiting Leader, Deloitte delivered a keynote presentation regarding her insights on the future of work. One big takeaway is how jobs aren’t going away, but they are changing, and it is crucial for educators to prepare students with technology and soft skills to be ready to make a difference in changing industries.

Jeff Zias from Intuit introducing VE facilitators to Design For Delight

Intuit: Innovation Catalysts from Intuit guided participants through Design For Delight, a design thinking methodology that has proven effective for businesses at all stages. These sessions were led by Joanna Sim, Lead Strategist, Brand Experiences & Storytelling, Intuit and Jeff Zias, Innovation Leader, Intuit. Teachers also explored best practices for using QuickBooks in VE, thanks to Emily Watkins-Daigle, Intuit Education Account Manager.

VE Classroom Mentors sharing their insights with facilitators on building and maintaining effective relationships between industry professionals and VE classes

Classroom Mentors: Panelists included Vanessa Chrifi Alaoui, Commodity Finance Professional, BNP Paribas; Howard Brathwaite, Principal, Trident Global Services LLC; Laura Wang, Vice President and Digital Evangelist, JPMorgan Chase; and Beth Grossman, National Advisory Council, VE.

Conference Media

View the Official 2019 Conference Booklet

View Full Photo Gallery

Photo Credit: Jeffrey Holmes Photography

2019 VEmmy Award Winners

Special shout out to Joanna Gillen for winning Teacher’s Pet (not pictured)