SDSU Beats Local Schools in M.B.A. Business Competition
A team of five SDSU business students triumphed over student teams from the University of San Diego, Point Loma Nazarene University and the University of California, San Diego in the local competition for the CFA Institute Research Challenge held February 26, 2013 at the Coronado Community Center in Coronado, Calif.
The CFA Institute is the global association of chartered financial analysts (CFA) that sets the standard for professional excellence and credentials. Introduced in 2006, the organization's annual Research Challenge includes over 3,000 students from 650 universities throughout the world and consists of local, regional and global competitions.
How it works
Here's how the challenge works: the teams from the competing universities are first given a presentation with financial statements from a local company chosen by the institute. The students are then tasked with conducting a financial study and developing a written investment report. For 2013, the students did a financial analysis of ResMed, a San Diego-based medical device company specializing in products designed to treat sleep disorders.
With the help of SDSU finance professor, Dr. Swaminathan Badrinath, and institute-selected industry mentor, Pushkar Murthy of ClariVest, the team of Dylan Turner (captain), Eric Wong, Max Seeget, Alex Fritzler and Geoff Schneekluth submitted their report and presented their findings to the institute's judges for review. They were declared the winner at the conclusion of the competition.
Next Stop: Toronto
The team will next participate in the North American Regional Competition in Toronto, Canada from March 20 – 21. The Global Competition will be held in London from April 10 – 11, 2013.
SDSU Wins Two Years in A Row
This is the second year in a row that the team from SDSU has taken home the top prize at the local competition level. As the winning team, they were invited to the CFA's annual dinner as special guests on March 7.
Badrinath was understandably proud of the students and their winning presentation. "Their written report was detailed, their slides neat and clean and their response to the post-presentation Q&A was nearly flawless," he said. "The cup will return to SDSU for a second year and I should let those of you wanting to participate next year to know I am already thinking three-peat!"