Finance simulation

Teach finance for the real world

Our all-in-one finance simulation has students issuing shares and bonds, weighing investments, setting dividends and managing cash flow in a live market. It's experiential learning that fits any course — and ends with job-ready skills.

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Hubro Finance simulation — cash flow, funding mix, bank covenants and share price

4–12 hours
Solo or groups up to 6
Unlimited class size
B2B · manufacturing
Compete vs classmates or bots
Fits multiple courses
LMS-ready · Canvas, Blackboard, Moodle, Brightspace
In English, Norwegian & Swedish

What students learn

One simulation for all of finance

Students take over as the management team of a manufacturer in the emerging jetpack market. They'll build skills as they fund the company, weigh investments, pay dividends and keep the cash flowing quarter by quarter.

Capital structure and financing

Fund the company with equity and debt

Students issue shares and bonds to fund investments and operations — choosing the mix of equity and debt and living with the cost of capital they created.

Issue shares and bonds as funding needs grow.
Balance the capital structure against risk and return.

Hubro budgeting screen — issuance of stock, issuance of debt and loan repayment under financing activities

Valuation

Value the company like an analyst

Students use financial statements to price their company with multiples, discounted cash flows or other methods — and watch dividend decisions move what the market thinks it's worth.

Build valuations from real statements each quarter.
Test how dividends change the company's market value.

Hubro stock report — stock price, valuation and dividends per share tracked quarter by quarter

Plus four more skills they build along the way

Investments

Weigh the upside of new products and facilities before the money is spent.

Risk assessment

Stress-test every commitment: if it all goes south, can the company still deliver?

Cash flow management

Keep the liquidity to meet commitments now and in the future.

Budgeting

Build quarterly budgets and estimate future financing needs.

The simulation enables students to get hands-on experience in the finance decisions businesses make. I highly recommend it.

Judy Swisher Professor of Finance, Western Michigan University

94% of educators and students recommend Hubro

90% choose to run our simulations again next term

80% of students report stronger engagement and understanding

500+ institutions use Hubro worldwide

Inside the simulation

Just like the decisions finance teams make at work

Every quarter mirrors the calls real finance teams make — what to invest in, how to fund it, what to pay out and how to stay liquid — with market-altering events keeping every plan honest.

Sources of capital

Issue shares Would price at $ 13.10

$ 0

Corporate bond 6.4 % · 8 quarters

$ 600k

Bank credit line 11.0 % · on demand

$ 150k

Retained earnings Carried from Q3

$ 302k

$ 902,000 Raised this quarter

63 %

34 %

Equity$ 3.30 m

Bonds$ 1.80 m

Bank credit$ 0.15 m

Gearing46 %

0Covenant limit 60 %100 %

7.4 %Cost of capital

2.8 ×Interest cover

Where it goes

Product R&D Lightweight chassis

$ 340kIRR 22 %

Dividend $ 1.20 per share

$ 96kpaid

Share buyback Cash held for R&D

$ 0declined

Cash buffer Two coupons covered

$ 346kheld

Designed for educators

Less prep means more time for teaching

Between planning, lecturing and grading, every minute counts. Hubro's Finance simulation is quick to set up and easy to use with customization options to meet your course needs.

Easy-to-use platform

Premade assignments and instructor materials make it ready to launch on day one.

Ready-made assessments

Built-in tools and reflection exercises speed up the grading process.

Customizable schedule

Content and rounds that can be added or removed to fit your syllabus, not the other way around.

AI assistance

AI grading, support and debriefing so you can save time and run the simulation to perfection.

Dedicated support team

Real education specialists available to help from start to finish.

LMS integration

Compatible with Canvas, Moodle, Blackboard and Brightspace for assignment delivery and grade syncing.

Real-time data

See how every group is doing, where they're stuck and when to step in.

LinkedIn certificates

Certificates that can be posted on LinkedIn to demonstrate skills and show career readiness.

Balanced Scorecard

Measure what matters the most

Customize the Balanced Scorecard around your learning objectives, weight the metrics that matter and see group rankings update instantly.

Adjust metric weights to fit your course goals.
Export simulation results when the round closes.

Balanced Scorecard

Learner

World

Filter by name

Learner Net ProfitTotal EquityCash Flow Weighted Score

MR Mia R

97.20%

91.45%

75.66%

88.10%

JT Jonas T

74.08%

58.12%

51.84%

61.35%

LB Leah B

42.61%

36.90%

18.25%

34.72%

Where it fits

One simulation for a wide range of finance courses

From a first course in finance to corporate finance and financial management modules, Hubro's Finance simulation is a great fit for both university and corporate training courses.

Corporate finance Financial management Introduction to finance Investment analysis MBA finance Financial literacy Business finance Executive education Corporate L&D

Show questions about

The simulation 6 Teaching with Hubro 6 Course fit 4 Practical 4

What is a finance simulation?

A finance simulation is an interactive learning tool that puts students in charge of a company's finances — raising capital, weighing investments, setting dividends and managing cash flow — and lets them see the consequences without real-world risk. Hubro's Finance simulation runs a full manufacturing company through eight competitive quarters, designed for corporate finance and financial management courses.

How is Hubro different from other finance simulations?

Most tools sold as finance simulations are stock-trading games; most of the rest walk students through a single scenario and end. Hubro puts corporate finance at the center of a company students actually run across eight connected quarters: they issue shares and bonds, choose the mix of equity and debt, value the company with multiples or discounted cash flows and see dividend decisions move its market value. It's quick to set up, runs anywhere from four hours to a full course and plays in English, Norwegian and Swedish.

Is Hubro a good alternative to StockTrak?

They solve different problems. StockTrak-style simulators teach markets and portfolio management — students trade securities and track returns. Hubro Finance teaches corporate finance: students sit inside the company, raising capital, weighing investments, setting dividends and managing liquidity. If your course covers capital structure, valuation and financial management rather than trading, Hubro is the better fit — and the two can even complement each other across a program.

What will students learn in the Hubro Finance simulation?

Students build skills in investments, valuation, risk assessment, capital structuring, dividend strategy and cash flow management — plus the analytical thinking that finance demands. They take over a manufacturer in the emerging jetpack market and connect every financial decision to the company's results and value.

Is simulation-based learning effective for teaching finance?

The research says yes — and the strongest study is a finance course. A 2019 study in the Journal of Education for Business tracked 206 students in a flipped-classroom finance course and found average test scores rose from 71% to 81% after a business simulation with practice rounds, graded rounds and reflection exercises was added. A meta-analysis of 65 studies adds the caveat: simulations work best as a supplement to lectures and readings, not a replacement — which is exactly how Hubro is designed to run.

Does the Hubro Finance simulation help students prepare for their careers?

Yes. Students practice the calls finance teams actually make — raising capital, valuing the company, setting dividends and managing liquidity — rather than reading about them. Upon completion, students can earn an optional certificate to add to their LinkedIn profile, a visible signal of hands-on experience to recruiters and hiring managers.

How long does the Finance simulation take to complete?

The simulation is flexible. It runs over eight quarterly rounds and typically takes four to twelve hours in total. Educators use it three ways: as an early-course bootcamp, alongside the course over several weeks or as an end-of-course assessment — and they control deadlines, gates and the number of written assignments throughout.

Can students play alone or in teams?

Both. Students play solo or in teams of up to six, and each market holds up to five competing companies — larger classes run several markets in parallel, so there's no cap on participants. Students compete against classmates or against bots.

Can I integrate Hubro with my LMS?

Yes. Hubro integrates with Canvas, Moodle, Blackboard and Brightspace. This allows for seamless assignment delivery and grade syncing within your existing course infrastructure.

How are students assessed in the simulation?

Hubro includes ready-made assessment tools and pre-built assignments with reflection exercises, and the instructor manual documents using the Balanced Scorecard for assessment. Educators get real-time dashboards showing each team's decisions and performance, and optional certificates let students showcase completion on LinkedIn.

How do I set up Hubro for my class?

The simulation is browser-based and requires only an internet connection. Most educators are up and running within minutes: premade assignments, a teaching note, learner guides and an introductory video are included, and a dedicated support team helps with onboarding from start to finish.

Can I customize the simulation for my specific course?

Yes. Educators customize Hubro Finance with their own content, activities and configurations, set deadlines and gates to pace the quarters, choose team sizes and scale rounds and written exercises up or down. The simulation is designed to fit your course — not the other way around.

Do students need prior finance knowledge?

No. The simulation introduces each decision as it arrives — market forecasts before contracts, unit economics before production, statements before valuation — and learner guides plus an introductory video cover the mechanics. Educators scale the depth through rounds, written exercises and assessment choices, so the same simulation works for a first finance course and a graduate module.

Is the simulation suitable for both undergraduate and postgraduate students?

Yes. Hubro Finance is used from introductory finance courses through graduate and MBA modules as well as executive and corporate training. Educators scale the difficulty through rounds, deadlines and assignments.

What courses can the Hubro Finance simulation be used in?

The simulation is used in corporate finance, financial management, introduction-to-finance and investment analysis courses as well as MBA finance modules — plus financial literacy teaching. It also works in executive education and corporate training programs.

I don't see my course listed above. Can I still use the Hubro Finance simulation?

Yes of course — the simulation is designed to fit your course, not the other way around.

Which languages is the simulation available in?

Hubro Finance is available in English, Norwegian and Swedish, making it a fit for Nordic-language courses as well as English-taught programs.

Which devices can my students use the simulation on?

The simulation is designed to work on desktop and tablet screen sizes.

Which browsers are supported?

The simulation can be used on Google Chrome, Firefox and Safari — no installation required, just an internet connection.

Can I try the simulation first?

Yes! Contact us for a free trial.