economentor
provides free resources and mentorship for Hungarian students to improve their financial literacy.
Why?
Our organization was established in the spring of 2024, stemming from extensive research conducted by our founder into the effects of the Hungarian government’s high-pressure economic policies and other autocratic fiscal measures. His research revealed a clear correlation between the recent deterioration of the Hungarian socioeconomic environment and a pervasive cycle of fiscal mismanagement.
The findings underscored the profound challenges facing Hungarian households, particularly those situated within the low-income bracket. Identified within this context were two primary socioeconomic indicators deemed critical impediments to financial stability for these families. Firstly, a marked lack of financial and economic literacy, ranking among the lowest across OECD countries, renders low-income citizens unable to discern the linkages between autocratic economic policies and their resultant financial adversities, consequently perpetuating the cycle of fiscal errors. Secondly, low intergenerational income mobility, also ranking among the lowest within the OECD, poses a significant barrier to the children of low-income families in achieving a prosperous and financially secure future.
The recognition of these challenges underscored the imperative for an organization like ours, dedicated to addressing these systematic issues and empowering vulnerable communities toward greater economic resilience and mobility.
How?
Our education approach consists of two main branches.
Our main channel of educating students is our offline mentorship program that transcends conventional pedagogical approaches. We hold weekly meetings at our partner institute, each lasting usually 2-3 hours. Each meeting consists of an introduction to the predefined topic, hands-on experience (stock market simulation, case studies, etc.), and interesting stories. Alongside the offline sessions, we hold at least 1 unorthodox event each term. These usually include field trips to companies, guest speakers, and professional interviews. Regular mentorship program attendees are automatically invited to participate in competitions, conferences, and networking events.
Our second educational avenue is our events page. If you couldn’t attend the in-person sessions, read the blogs where we summarize the offline events and upload every resource used in preparation for our offline events, including the presentations and all of the literature. We share internship opportunities, competitions, conferences, and extracurricular activities. Our team also recommends online courses, books, articles, and videos to help students indulge in their preferred topics