In addition to their lives as FMI scholars, institute students are active in many other aspects of campus life. Several serve as a student organization president: Actuarial Science Club (Trevor Logan), Students Consulting for Non-profit Organizations (Erik Malin), Student Finance Association (Kevin Michalzuk) and Student Investment Association (Andrew Gauthier and Ravi Shah).

Many work as teaching and research assistants, and several are employed as dormitory resident mentors. Many are involved in intramural athletics, and two are members of MSU teams: lacrosse (Pat Nemes) and rugby (Mike Dimitrov).