Top Schools Spar in MBA Stock Pitch Challenge
11/8/2013 4:21:00 PM
Finalists included Johnson at Cornell, Wharton, Chicago Booth, and NYU Stern
Following a grueling two days of preparation and presentation by teams from 12 top business schools, a panel of judges today named the Wharton School of the University of Pennsylvania’s team the winner of the 12th annual MBA Stock Pitch Challenge. Second place went to the University of Chicago Booth School of Business; New York University’s Stern School of Business and Johnson at Cornell were finalist teams.
The competition, coordinated each year by the the Parker Center for Investment Research at the Samuel Curtis Johnson Graduate School of management, brings together MBA student teams from top business schools to pitch stocks before a panel of expert judges.
The judges, who hail from investment management firms across the U.S., said that the competition among the four finalist teams was particularly close this year. The winning team from Wharton, comprising Lily Miao, Alexander Rupert, Michael Shambon, prepared a short-sell pitch on Boston Beer Co. (SAM). Second-place Chicago Booth pitched a buy position on Constellation Brands (STZ). Its members are Sachin Kashyap, Michael Heenan, Guy Tartakovsky.
The other finalist teams were Johnson Cornell: David Haberle, Rebecca Cummins, Curtis Kim; and NYU-Stern: Bryce Webster, Tim Wengerd, Evan Dryland.
The teams began their work at 11 a.m. on November 7, and had until midnight to prepare their pitches and presentations. Pitching before the judges took place on November 8.
Lead sponsors for the event are Fidelity Investments, Jack M. Ferraro ’70, American Century Investments, T. Rowe Price, CFA Institute, and State Street Global Advisors.