SMIF is a two-semester experiential course in which a select group of Bucknell seniors and 2nd semester juniors manages approximately $1.7 million of Bucknell's endowment in two funds. Co-directed by professors Curtis Nicholls and Frank Schreiner, the course exposes students to the intellectual and practical challenges of running a small investment company.

For students interested in finance, SMIF is an intensive capstone experience, allowing them to apply their knowledge of portfolio management, asset allocation, accounting, economics, business strategy, and statistics. Prior to making investment decisions, students engage in econometric modeling, global economic analyses, research of specific economic sectors, and the study of corporate cultures, performance histories, and management. They also sharpen their negotiation, communications, and leadership skills by working together closely to devise investment strategies and by presenting their positions to the Investment Committee of the Board of Trustees.

The course's admissions process is highly competitive. Graduates, who often go on to careers in financial services, frequently credit SMIF as the most powerful learning experience they had at Bucknell.